Yuexin Semiconductor, a shareholding company of Shangfeng Materials, was successfully listed on the GEM of Shenzhen Stock Exchange

On October 13, Yuexin Semiconductor Technology Co., Ltd. was listed on the GEM of Shenzhen Stock Exchange. Shangfeng Material indirectly holds 35.42 million shares of Yuexin Semiconductor through equity investment fund. According to the closing price of 38.80 yuan/share on that day, the market value of Shangfeng Material is about 1.374 billion yuan. Yuexin Semiconductor has become the third successful listed investment target of Shangfeng Material this year after Shenghe Jingwei and Changxin Science and Technology. Founded in 2017 and headquartered in Guangzhou

, Yuexin Semiconductor is the first 12-inch wafer manufacturing enterprise independently cultivated by Guangdong Province to enter mass production. It has the only OEM production line in mainland China to achieve large-scale mass production of 12-inch silicon optical wafers. It is positioned as Foundry OEM of silicon optical chips and is oriented to the AI computing power optical interconnection market.

At present, Yuexin Semiconductor has two 12-inch wafer factories, which have achieved a production capacity of 63,300 pieces per month by the end of 2025. From 2023 to 2025, Yuexin Semiconductor realized business income of 1.044 billion yuan, 1.681 billion yuan and 2.582 billion yuan respectively. As the local core wafer manufacturing force in Dawan District, Yuexin Semiconductor mainly focuses on simulation, power devices and other special OEM tracks, making up for the shortcomings of 12-inch manufacturing links in South China, driving the linkage development of regional chip design, sealing and testing upstream and downstream industries, which is of great significance to the industrial development, industrial upgrading, technological innovation and industrial security of Guangdong-Hong Kong-Macao Greater Bay Area integrated circuits.

As of September 2026, the total scale of equity investment in the new economy of Shangfeng Material has reached 2.228 billion yuan, covering about 30 enterprises. Since this year, with the listing of Shenghe Jingwei, Changxin Science and Technology, Yuexin Semiconductor and other projects, the semiconductor equity investment of Shangfeng Material has entered an intensive harvest period, which is expected to bring good returns to the company and shareholders while accumulating the industrial chain resource base for the new quality business.