WeiCe Semiconductor plans to be listed on the A-share market, with a net profit of 17.7375 million yuan in the first three quarters of 2020

On January 21, the Shanghai Securities Regulatory Bureau disclosed the basic information table of the coaching registration of Shanghai Weice Semiconductor Technology Co., Ltd. (hereinafter referred to as "Weice Semiconductor").

It was disclosed that Weice Semiconductor plans to issue shares for the first time and go public. It has now accepted the guidance of Ping An Securities and filed for guidance with the Shanghai Securities Regulatory Bureau on January 14, 2021.

WeiCe Semiconductor is a testing service provider focusing on the integrated circuit industry, mainly engaged in industrial testing services for wafers and finished chips, wafer testing program development and data support services, and wafer warehousing and logistics services. The company's data support services mainly include the independently developed V-test network sharing platform and CPTestYield data analysis system.

Weice Semiconductor's main customer types are integrated circuit design companies and packaging companies. Its major customers include Changdian Technology, Jingfeng Mingyuan, Fudan Microelectronics and other well-known domestic and international chip companies.

The main sources of revenue for WeiCe Semiconductor are wafer testing and finished chip testing. Its wafer testing capacity and sales are at the forefront of the industry in mainland China. The company's independent testing solution development capabilities and rich testing experience constitute a high technical barrier. The company relies on core competitiveness such as high automation level and strong IT system construction capabilities to effectively reduce the phenomenon of dead errors in the testing process, and its detection efficiency is ahead of other companies in the same industry. At the same time, the company's industrial lines cover a wide range, covering many well-known integrated circuit product companies in the market.

From 2018 to the first three quarters of 2020, Weiche Semiconductor achieved revenue of RMB 43.8047 million, RMB 78.1449 million, RMB 96.91 million and RMB 860,000, and net profits of RMB 6.5384 million, RMB 16.1515 million and RMB 17.7375 million, respectively.

In terms of financing capabilities, WeiCe Semiconductor has experienced multiple rounds of financing since its establishment. Its valuation level, technology and profitability are favored by primary market investors. The company has successively introduced well-known investment institutions such as Jiangsu Xinchao, Sumin Investment, Yuanhe Huachuang, Jinpu Xinchao, Tongchuang Weiye, Detong Capital, and Dongfang Fuhai. As of the signing date of this report, the company's equity structure is as follows:

Shanghai Ruice Semiconductor Technology Co., Ltd. holds 44.08% of the company's shares and is the company's largest shareholder and the company's controlling shareholder. The company's founder, Mr. Pian Wensheng, holds 51.54% of the company's controlling shareholder Shanghai Ruice's shares and is in a controlling position in the company, making him the actual controller of Weice Semiconductor.

According to Tianyancha, Pian Wensheng has served as equipment engineer and equipment manager of Motorola China Electronics Co., Ltd., manager of the testing department and manufacturing director of Shanghai Weiyu Technology Electronics Co., Ltd., packaging plant director and senior director of ASE Shanghai Electronics Co., Ltd., and director of Changdian Technology's Packaging and Testing Plant No. 3 and general manager of the Circuit Business Center.