Recently, according to the official website of Shanghai Stock Exchange, the listing application of Shenghe Jingwei Semiconductor (Shanghai) Co., Ltd. (Hereinafter referred to as "Shenghe Jingwei") has been accepted. This key development marks that the leading company in the field of advanced semiconductor packaging has officially opened the door to the capital market.
Shenghejingwei's sprint to Kechuang Board bears the market's ardent expectation of a breakthrough in the localization of semiconductor core links. The company is not a new recruit in the industry, but a well-known enterprise focusing on advanced packaging technology in the industry. Its predecessor has been working in related fields for many years, and through technology integration and continuous innovation, it has developed into a leading supplier dedicated to providing mid-stage silicon wafer manufacturing and chip-level packaging and testing services to global customers. The core feature
of Shenghe Jingwei lies in its unique technological positioning. In the context of the increasingly sophisticated division of labor in the global semiconductor industry, the company focuses on advanced packaging technology, which is regarded as the key path beyond Moore's Law. It has successfully built an advanced packaging platform based on silicon wafer manufacturing and integrated three-dimensional integration technology, and its wafer level packaging (WLP) and through-silicon via (TSV) technology capabilities are in the leading position in the industry. This enables Shenghejingwei to provide high-performance, highly integrated and miniaturized packaging solutions for chips in the frontier application fields such as high-performance computing, artificial intelligence, 5G communications and automotive electronics, effectively making up for the shortcomings of this key link in the domestic semiconductor industry chain.
With its technical strength and capacity scale, Shenghe Jingwei has occupied a place in the global semiconductor supply chain and become an important partner of many domestic and foreign head chip design companies and system manufacturers. As a leading enterprise in the traditional building materials industry , Shangfeng Cement has attracted much attention
in the list of investors of Shenghejing Weixing. In 2023, Shangfeng Cement invested 150 million yuan in Shenghe Jingwei through the fund platform, which has become an important part of the new economic investment strategy carefully laid out in recent years.
Faced with the cyclical fluctuations of the traditional cement industry and the long-term challenges under the goal of "double carbon", Shangfeng Cement has established a two-wheel-driven development strategy of "main industry + investment" very early. The Company has formulated a clear investment plan to allocate part of the funds generated from its main business to emerging industries in line with the national strategic orientation, such as semiconductors, new energy and new materials, with a view to exploring new paths and accumulating new momentum for the long-term development, transformation and upgrading of enterprises while obtaining financial returns.
Investment in Shenghe Jingwei is a model of this strategy. This investment not only reflects Shangfeng Cement's deep insight into the development trend of the industry and its determination to transform across borders, but also demonstrates its responsibility as a listed company to use capital to help the country solve the technical problems of "sticking neck".
With the acceptance of Shenghejingwei's IPO, the enterprise value of Shenghejingwei will be revalued in the open market. The forward-looking investment of Shangfeng Cement further shows that Shangfeng Cement can not only maintain stable operation in the traditional main business areas, but also has the ability to accurately lay out and capture value in the new economic field. This successful case has greatly boosted the market's confidence in the "second growth curve" of Shangfeng Cement, which is conducive to the construction of a future-oriented, more diversified and anti-cyclical portfolio and profit structure of Shangfeng Cement.
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