According to the official website of the Shanghai Stock Exchange, the IPO application of domestic CPU manufacturer Shanghai Zhaoxin Integrated Circuit Co., Ltd. for the Science and Technology Innovation Board has been accepted.The prospectus shows that Zhaoxin Integration plans to issue no more than 382.8677 million shares this time, raising approximately 4.169 billion yuan.It is used in the construction of new generation server processor projects, new generation desktop processor projects, advanced process processor R&D projects, and R&D center projects.
"Through the implementation of the above projects, the company will further enhance its independent research and development capabilities, accelerate the transformation of industrialization results, continuously enhance its core competitiveness and international influence, and enhance the company's sustainable development capabilities to cope with the growing development needs of the electronic information technology industry." Zhaoxin Integration said.
Founded in February 2013, Zhaoxin Integration is one of the six major CPU manufacturers in China. It has now fully mastered the core technologies for the design and development of general-purpose x86 processors and supporting chips.
It is also the only CPU design company in China that can be used in multiple fields such as desktop PCs, servers, workstations and embedded systems and is continuously compatible with the x86 instruction set. Its main products include the "Kaixian" series of general-purpose processors, the "Kaisheng" series of general-purpose processors and supporting chip products.
In 2024, among the domestic terminal shipments of leading desktop PC manufacturers such as Lenovo Kaitian, iSoftStone, Unisoc, Ascend, and CVTE, the proportion of products equipped with Zhaoxin CPUs will rank first.
During the reporting period (2022 to 2024), Zhaoxin Integrated’s operating income was 340 million yuan, 555 million yuan and 889 million yuan respectively, with an average annual compound growth rate of 61.71%.
R&D investment was 984 million yuan, 988 million yuan and 813 million yuan respectively, accounting for 289.50%, 178.00% and 91.44% of the current operating income respectively, which are at a relatively high level.
