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Domestic mobile phone chip giant changes leadership, preparing for IPO?

Latest update time:2023-06-30 13:02
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On the morning of June 27, Ziguang Group issued an announcement on its official website, appointing Mr. Ma Daojie, the group’s executive vice president, as a director of Ziguang Zhanrui and selecting him as chairman of Ziguang Zhanrui.
The announcement stated that Mr. Wu Shengwu, the director of Ziguang Zhanrui who was originally appointed by Ziguang Group, will no longer serve as the director and chairman of Ziguang Zhanrui. Mr. Wu Shengwu, as the executive vice president of Ziguang Group, will be appointed by the group.
Information shows that Wu Shengwu became chairman of Ziguang Zhanrui a year ago. On February 15, 2022, Ziguang Zhanrui announced that according to the needs of corporate operations, the company’s chairman is now concurrently served by Wu Shengwu, the global executive vice president of Ziguang Group.
Unisoc Group stated that it attaches great importance to Unisoc’s innovative leadership and sustained growth in the communications field. In order to further assist Unisoc’s high-quality development and strengthen the company’s strategic planning and management, Unisoc Group has appointed Group Executive Vice President Ma Daojie to serve as Unisoc. The directors appointed him as the chairman of Ziguang Zhanrui.
Information shows that Ma Daojie was born in August 1964 and has Chinese nationality. Graduated from the Department of Telecommunication Engineering of Beijing University of Posts and Telecommunications with a bachelor's degree in communication engineering. He later obtained a master's degree in information and communication management from the Norwegian School of Management and a doctorate in business administration from Rennes Business School in France. He has won the first prize of the National Science and Technology Progress Award and the State Council Special Government Allowance. expert. He once served as deputy general manager of China Unicom Guangxi Branch; deputy general manager of China Unicom Huasheng Communication Technology Co., Ltd.; general manager of Tianyi Telecom Terminal Co., Ltd. and general manager of China Telecom Mobile Terminal Management Center; vice chairman of the labor union of China Telecom Group; vice president of Lenovo Group He is also the Executive Vice President of Mobile Business in China. He joined Unisoc Group in December 2017 and has served successively as executive vice president, president, vice chairman and president, chairman and president of Unisoc Micro, and concurrently as chairman of Unisoc Storage, Unisoc Hongmao, Unisoc Liansheng and other companies. It has nearly 30 years of experience in the mobile communications industry.

Ma Daojie

Ma Daojie has also promoted cross-border mergers and acquisitions between Unisoc and the world's largest chip microconnector and RFID inlay manufacturer (Linxens, France) to support the development of Yangtze Memory. In about two years, it has built a full industry chain capability covering chip design, packaging and testing, module manufacturing, and storage products, formed a complete system for product research and development, mass production, testing, and after-sales, and launched SSD, A full range of products such as embedded, memory modules, and secure storage have played a very good role in promoting Yangtze Storage in its initial stage.
Ziguang Group said: "Under the joint leadership of Ma Daojie and the core management team of Ziguang Guowei, Ziguang Guowei has ushered in a development climax, with a compound annual growth rate of operating income of 31% and a compound annual growth rate of net profit of 57%. %, the company has become a leading domestic IC design company, with a market value that has historically exceeded 100 billion. It is hoped that Mr. Ma Daojie will continue to use his rich experience in industrial insight and strategic management to cooperate with Unisoc CEO Dr. Ren Qiwei and the core management team of Zhanrui. Let’s work together to promote Zhanrui’s innovative leadership.”
According to the company’s official website, Unisoc is the world’s leading platform chip design company and one of the few companies in the world that fully masters all-scenario communication technologies such as 2G/3G/4G/5G, Wi-Fi, Bluetooth, TV FM, and satellite communications. one. In the core 5G field, Unisoc is one of the three 5G chip companies in the global public market.
UNISOC has large-scale chip integration and chip packaging capabilities. Its products include mobile communication central processors, baseband chips, AI chips, RF front-end chips, RF chips and other communication, computing and control chips. Field testing covers 133 countries around the world. , has passed the shipping certification of 260+ operators around the world, and has more than 500 customers including Honor, Realme, vivo, Samsung, Motorola, Hisense, ZTE, JD.com, UnionPay, and Gree.
Ren Qiwei, CEO of Unisoc and Director of Academia Sinica, even delivered a speech on Telecom Day in May. As the world's leading platform chip design company, UNISOC insists on taking innovative technology as its core and actively promotes the popularization and application of advanced communication technologies such as 5G around the world, so that technology can serve the broadest number of people. On the one hand, it continues to invest in advanced technologies such as 5G and 6G, and has ranked among the first echelons in the world; on the other hand, it continues to promote the development of inclusive products and has formed a comprehensive and complete product system and high-quality product portfolio. In recent years, Unisoc's technical strength and product quality have been continuously improved, and it has been recognized by internationally renowned brands and achieved global shipments. At present, UNISOC's products have been sold to 133 countries and regions around the world, and have passed shipment certifications of more than 260 operators around the world, helping billions of people around the world connect to the digital world.

Preparing for an IPO?

According to previous media reports, in 2021, Ziguang Zhanrui completed a financing of 5.35 billion yuan, which was jointly invested by four original shareholders including Country Garden Ventures, Haier Financial Holdings, Shanghai Guosheng Capital and SteelSeries Capital. After this round of financing, Ziguang Zhanrui’s valuation reached about 60 billion yuan.
According to the target at that time, Unisoc will submit an application for listing on the Science and Technology Innovation Board by the end of 2021. However, due to the sudden debt crisis of Ziguang Group, the controlling shareholder of Ziguang Zhanrui, this plan was also shelved.
On July 9, 2021, creditors applied for bankruptcy reorganization of Ziguang Group on the grounds that Ziguang Group was unable to pay off its due debts, its assets were insufficient to pay off all debts and it clearly lacked solvency. Subsequently, the Beijing No. 1 Intermediate People's Court ruled to approve the reorganization plan of the substantive merger and reorganization case of seven companies including Ziguang Group Co., Ltd.
In February 2022, Zhao Weiguo and Chu Qing resigned from their positions as chairman and CEO of Ziguang Zhanrui respectively, and were replaced by Ren Qiwei as CEO and Wu Shengwu as chairman. Along with the personnel changes in the top management, Ziguang Zhanrui completed a "blood change".
On July 11, 2022, Beijing Zhiguangxin Holdings Co., Ltd., a holding platform established by the strategic investor "Zhilu Jianguang Consortium", officially took over 100% of the equity of Ziguang Group. The equity of Ziguang Group was successfully completed and the judicial reorganization entered The final stage. At the same time, it has also restarted its plan to list its subsidiary Ziguang Zhanrui.
In February this year, Ziguang Zhanrui held an investor exchange meeting. According to reports, relying on the platform company's product line width, customer base and scale advantages, it has withstood great challenges in all aspects and achieved a revenue target of 14 billion yuan, growing by 20% against the trend. In 2022, Zhanrui achieved mass production and shipment of the second generation 5G SoC, mass-produced new products in automotive electronics, Internet of Things and other fields, and achieved new successes in technological breakthroughs, product innovation and other aspects. According to people familiar with the matter, Ziguang Zhanrui’s goal is to find candidate investors before mid-March this year, complete this round of financing before the end of June, and eventually list in a domestic IPO.
According to the latest ownership structure of Unisoc Spreadtrum, the largest shareholder is Beijing Unisoc Spreadtrum Investment Management Co., Ltd., which is indirectly controlled by Unisoc Group, holding 35.23% of the shares; the National Large Fund Phase I is the second largest shareholder, holding 13.98% of the shares. ; Intel is the third largest shareholder, holding 11.87% of the shares; the fourth largest shareholder is Country Garden Venture Capital, holding 5.53% of the shares; the fifth largest shareholder is Shanghai Shengying Film Exhibition, holding 4.98% of the shares; the sixth largest shareholder is National Fund II During the period, it held 3.74% of the shares.
According to a report released by market research firm Counterpoint Research, Unisoc's mobile application processor shipments accounted for 8% in the first quarter of 2023, and MediaTek topped the list with 32%.
Source: Comprehensive network content

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