Season Electronics' application for an IPO on the ChiNext board of the Shenzhen Stock Exchange has been accepted. It is a provider of comprehensive and one-stop solutions for semiconductor testing.

On June 10th, Shanghai Jifeng Electronics Co., Ltd. (referred to as Jifeng Electronics) has had its IPO on the ChiNext board of the Shenzhen Stock Exchange accepted. EB Securities is its sponsor institution, and it plans to raise 923.75 million yuan. According to the prospectus, Jifeng Electronics is a full-service, one-stop solution provider for testing services and testing hardware products in the semiconductor field, catering to the testing needs of semiconductor companies along the entire chip design, wafer manufacturing, packaging, and other semiconductor industry chain. It provides third-party laboratory testing and analysis services, testing hardware products, mass production business (mass testing and electronic manufacturing services), engineering sample packaging, and other services. The testing services and hardware products provided by Jifeng Electronics can cover a wide range of chips, including digital, analog, storage, power, RF, and complex SoC chips. It has the capability to provide testing services for high-end chips such as CPUs, GPUs, storage chips, and AI chips, and can meet advanced process (including 3nm chips), advanced packaging (2.5D, 3D packaging, etc.), mature processes, and specialty process testing needs. The company has established subsidiaries in semiconductor industry clusters such as Shanghai, Beijing, Hangzhou, Shenzhen, and Chengdu, in order to better serve key customers and improve response speed and service quality. With its full-service, one-stop model and excellent technical capabilities and service quality, the company has established cooperation with over 3,000 customers in the semiconductor industry chain, including ZTE Corporation, Qualcomm, Huahong Holding, JCET Group Co., Ltd., and other well-known enterprises. In the third-party laboratory testing and analysis services sector, Jifeng Electronics mainly purchases testing and analysis instruments and experimental consumables. The company mainly purchases electronic components for testing hardware products, including PCBs, sockets, chips, connectors, structural components, capacitors, resistors, etc. In the mass production business sector, the company mainly purchases specialized equipment such as probe stations, testing machines, sorting machines for mass testing, and equipment such as printers, pick-and-place machines, reflow ovens for electronic manufacturing services (EMS). During the reporting period, Jifeng Electronics' major suppliers included Agilent, Agilent, Micro Control Company, Hitachi High-Tech, Hamamatsu, and Hongjin Precision. Financially, the company achieved operating income of approximately 443 million yuan, 583 million yuan, and 669 million yuan in the fiscal years 2023, 2024, and 2025 respectively. During the same period, it recorded net profits of approximately 20.45 million yuan, 54.37 million yuan, and 91.25 million yuan.