CSRC agrees to Jiangsu Zhanxin's listing on the ChiNext board

On May 29th, the China Securities Regulatory Commission issued the approval for the initial public offering of Jiangsu Zhanxin Semiconductor Technology Co., Ltd. It is reported that Jiangsu Zhanxin plans to list on the Shenzhen Stock Exchange's ChiNext board, with Huatai United Securities as its sponsor institution, aiming to raise 889.5 million yuan. According to the prospectus, Jiangsu Zhanxin was established in 2018, focusing on the research and development, design, testing, and sales of high-reliability analog chips and micro-module products. The company's products are widely used in various types of national defense electronic equipment, making important contributions to the independent and controllable development of electronic components for national defense, ensuring the stability of the national defense electronic industry chain, and achieving the modernization of China's national defense. The company's analog chip products primarily focus on power management chips, with sub-products including DC/DC conversion chips, linear regulators (LDOs), load and current limit switches (LoadSwitch), etc. The micro-module products can achieve isolation and non-isolation DC/DC conversion, logic control, signal modulation, diode control, and other functions; while also providing customers with discrete device products. In addition, the company continues to broaden its product line, extending its product matrix to signal chain chips. Currently, it has preliminarily completed the research and development of current detection chips, voltage reference chips, comparators, operational amplifiers, timing chips, and other product categories.