Naxin Microelectronics has successfully completed its IPO on the Shanghai Stock Exchange's STAR Market, marking a significant milestone for the company and its investors at Junxin Capital.

Target Company Overview

Naxin Microelectronics, a prominent Chinese chip design enterprise, successfully went public on the Shanghai Stock Exchange's STAR Market on April 22, 2022. The company opened trading at 250 RMB and closed at 259.58 RMB, marking a closing market capitalization of 26.2 billion RMB. The company specializes in high-performance and reliable analog and mixed-signal integrated circuit design. Since its founding in 2013, Naxin has focused on three main areas: signal perception, system interconnection, and power drive. It has independently developed and provided a wide range of semiconductor products and solutions, including sensors, signal chains, isolation and interface devices, power management systems, and more, which are widely utilized in automotive electronics, industrial control, information communication, and consumer electronics, boasting over 800 salable products.

According to Transparency Market Research, Naxin held an 18.74% market share in sensor signal conditioning ASIC chips in China as of 2020. Furthermore, Markets and Markets reports indicate that the company's digital isolation chips had a 5.12% global market share in the same year. The semiconductor industry has been a key investment focus for Junxin Capital, which invested in Naxin Microelectronics through its fund in June 2020, yielding a substantial return of 11.68 times on this investment.

Industry Overview in China

The semiconductor industry in China has been experiencing rapid growth, characterized by significant investments and technological advancements aimed at reducing reliance on foreign technologies. Recent years have witnessed an increase in the number of domestic players, a