of April 11, the Shanghai Stock Exchange disclosed the initial public offering of Hefei Jinghe Integrated Circuit Co., Ltd. (Hereinafter referred to as "Jinghe Integration") and the prospectus, listing arrangement and preliminary inquiry announcement. The preliminary inquiry date is April 17, 2023, and the subscription date is April 20, 2023.
The prospectus shows that the initial public offering of Jinghe Integration is 502 million shares, accounting for 25% of the total share capital after the issuance (before the exercise of the over-allotment option), and the total share capital of the company is 2.06 billion shares after the issuance; If the over-allotment option is exercised in full, the total number of shares issued will be expanded to 577 million shares, accounting for about 27.71% of the total share capital after issuance, and the total share capital of the company after issuance will be 2.081 billion shares. In September 2020
, Shangfeng Cement invested 250 million yuan to set up a special fund, Hefei Cunxin, to invest in it. Hefei Cunxin holds 26,404,236 shares of Jinghe Integration (before the issuance), with a shareholding ratio of 1.75%, which is the sixth largest shareholder of Hefei Jinghe Integration. This is the first project of Shangfeng New Economic Equity Investment Wing to be registered and listed.
Crystal Integration is principally engaged in the 12-inch wafer foundry business. Currently, it has achieved mass production of 12-inch wafer foundry platforms with 150nm to 90nm process nodes, and is in the process of risk mass production of 12-inch wafer foundry platforms with 55nm process nodes. In 2022, the company's 12-inch wafer foundry capacity was 1.2621 million pieces. According to Frost & & According to Sullivan's statistics, by the end of 2020, Crystal Integration has become the third largest pure wafer foundry enterprise (excluding foreign-funded holding enterprises) with the third largest revenue and 12-inch wafer foundry capacity in mainland China. According to TrendForce, a market research Institute, in the second quarter of 2022, the company ranked ninth in the world in terms of operating income among global wafer foundries. In 2020, 2021 and 2022, the company's net profit attributable to the owner of the parent company was-1.258 billion yuan, 1.729 billion yuan and 3.045 billion yuan, respectively. Since the release of the "one main and two wings" strategy, based on cement and "cement plus", the
company has continued to extend and expand the industrial chain, and the new economic equity investment wing has focused on the semiconductor industry to carry out the whole industrial chain layout. A total of about 1 billion yuan has been spent on a series of investments in Jinghe Integration, Guangzhou Yuexin, Ruili Integration (Changxin Storage), Xinyaohui, Onruiwei, Shanghai Super Silicon and Shenghe Jingwei. As an important part of the company's development,
new economic equity investment has played a powerful role in optimizing asset allocation, coping with the fluctuation of a single industry cycle, improving investment returns and enhancing core competitiveness, and will become an important engine for the company's sustainable and steady development.