On July 18, Shanghai GPU unicorn Hanbo Semiconductor applied for guidance and registration with the Shanghai Securities Regulatory Bureau, officially launching the A-share listing process. The guidance agency is CITIC Securities.
According to the coaching filing report, Hanbo Semiconductor was established in December 2018 with a registered capital of 543 million yuan and its legal representative is Yang Qinfu.
JUN QIAN (Qian Jun) (directly held and indirectly held through KJQ LP) and LEI ZHANG (indirectly held through VASTAI Holding Company) and through 17 employee stock ownership platforms collectively control 42.1465% of the voting rights of Hanbo Semiconductor. The two signed a concerted action agreement and served as the chairman and director of Hanbo Semiconductor respectively. They are the joint actual controllers of Hanbo Semiconductor.
Hanbo Semiconductor does not have a single shareholder that directly holds more than 30% of the shares, and there is no controlling shareholder.
Qian Jun graduated from Shanghai Jiao Tong University with a bachelor's degree and a master's degree in computer engineering from the University of Iowa in the United States. He served as a Senior Director at the American GPU giant AMD, responsible for the design of GPU and AI server chips, and led the team to design and mass-produce the industry's first 7nm graphics processor and the first 7nm GPGPU architecture AI chip.
Zhang Lei graduated from the Department of Electronic Engineering at the University of Waterloo in Canada and received a master's degree in Computer Engineering from the University of Toronto. He worked at ATI (later acquired by AMD) in 2004 and was promoted to AMD Fellow in 2013.
The two co-founded Hanbo Semiconductor at the end of 2018.
According to the official website, Hanbo is positioned as a high-end GPU chip provider. It currently has independently developed core IP and two generations of GPU chips, providing GPU products suitable for general computing and graphics rendering.
Its two generations of chips have now been mass-produced and commercialized, assisting the implementation of applications such as large models, intelligent computing centers, smart industries, robots and embodied intelligence, smart transportation, digital twins, industrial software, and cloud rendering.
The company has a senior R&D team of more than 500 people, with R&D personnel accounting for more than 80%, and more than 70% having a master's degree or above. The scale is still growing rapidly.
According to Hurun Research Institute's "2025 Global Unicorn List", Hanbo Semiconductor's valuation is 10.5 billion yuan.
Major Internet companies such as Kuaishou, Alibaba, and MediaTek are among its investors.
Hanbo completed a US$50 million Series A financing in November 2020, a RMB 500 million A+ round of financing in April 2021, and a RMB 1.6 billion B1 & B2 round of financing in December of the same year.
▲Hanbo’s financing history (Source: Qichacha)
Its counseling work arrangement is planned to be summarized and prepared for acceptance from October to November this year.
In the past year, five domestic GPU companies have launched the A-share IPO process, namely Biren Technology, Moore Thread, Muxi, Glenfield, and Hanbo Semiconductor. Among them, Glenfield focuses on independent graphics cards, while the other four focus on AI chips. Suiyuan Technology, a Shanghai-based AI chip company that adopts a dedicated computing architecture, also launched its IPO in August last year.
On the evening of June 30, the IPOs of Moore Thread and Muxi Science and Technology Innovation Board were both accepted. The IPO review status of Moore Thread and Muxi Shares changed to "inquiry" on July 17 and July 19 respectively.