Zhuoshengwei was officially listed on the Growth Enterprise Market on June 18

On June 16, Zhuoshengwei issued an announcement stating that, after review and approval by the Shenzhen Stock Exchange, the RMB common stock issued by Jiangsu Zhuosheng Microelectronics Co., Ltd. (hereinafter referred to as "Zhuoshengwei") will be listed on the Shenzhen Stock Exchange Growth Enterprise Market on June 18, 2019.

Previously, the CSRC's Issuance Examination Committee had reviewed and approved Zhuoshengwei's initial public offering application. According to disclosures, Zhuoshengwei's stock code is 300782, and it plans to publicly issue no more than 25 million new shares on the Growth Enterprise Market, with a total share capital of no more than 100 million shares after issuance, and will start trading on the market from the date of listing.

Zhuoshengwei's main business is the research, development and sales of RF front-end chips. It mainly provides RF front-end chip products such as RF switches and RF low-noise amplifiers to the market, and provides IP authorization for use in mobile smart terminals such as smartphones. At present, Zhuoshengwei has become a leading brand of domestic smartphone RF switches and RF low-noise amplifiers. Zhuoshengwei's RF front-end chips are used in products of terminal manufacturers such as Samsung, Xiaomi, Huawei, vivo, OPPO, Lenovo, Meizu, and TCL.

The prospectus disclosed that Zhuoshengwei's IPO plans to raise approximately 1.2 billion yuan, and the funds raised will be used for the construction of the following projects: RF filter chip and module research and development and industrialization projects, RF power amplifier chip and module research and development and industrialization projects, RF switch and LNA technology upgrade and industrialization projects, Connectivity MCU research and development and industrialization projects for IoT, and R&D center construction projects.

Zhuoshengwei stated that if the investment projects with the raised funds can be implemented smoothly, it will further enhance R&D capabilities, improve the performance of existing products, and enrich the product system; it can realize the development of RF filters and RF power amplifiers, and improve the company's product layout in the field of RF chips; based on existing products, it can develop microcontroller chips for the Internet of Things, continuously enrich the company's business lines, thereby further improving profitability and continuously enhancing the company's overall competitiveness.

Regarding the matching of the raised funds investment projects, Zhuoshengwei emphasized that after the company's raised funds investment projects are put into production, the technical content and market competitiveness of the original products will be improved, and new products such as RF filters, RF power amplifiers, and microcontroller chips for the Internet of Things will be developed, thereby further enhancing the company's R&D capabilities and opening up new profit growth points. The implementation of the raised funds investment projects will further highlight and enhance the company's core business competitiveness, and lay the foundation for the company to further establish a more stable competitive position in the domestic and international markets.

At the same time, the projects raised funds this time have been fully demonstrated and have good development prospects. During the construction period of the projects raised funds, since the projects have not yet reached full production, the company's return on net assets will decline in the short term, but as the projects are put into production one after another and the business scale expands, the company's operating scale and profitability will be further improved.