The first share of baseband chip, Aojie Technology, was listed on the Science and Technology Innovation Board today, and Chairman Dai Baojia is committed to becoming a world-class enterprise

Jiwei Network news, on January 14, Aojie Technology was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, becoming the first A-share baseband chip. The company's stock code is 688220, the issue price is 164.54 yuan / share, and the price-to-earnings ratio is 83.65 times.

According to the data, the company is a scarce platform-based chip design company with full-scale cellular baseband communication technology in China, and has achieved a solid basic disk in the fields of Internet of Things cellular baseband chips and Internet of Things WiFi chips.

It is reported that Aojie Technology was established in 2015, is a platform chip enterprise that provides wireless communication and ultra-large-scale chips. Since its establishment, the company has been focusing on the research and development and technological innovation of wireless communication chips, and is one of the very few platform-based chip design enterprises in China that has the R&D and design strength of full-standard cellular baseband chips and multi-protocol non-cellular IoT chips, and has the ability to provide ultra-large-scale high-speed SoC chip customization and semiconductor IP licensing services.

The downstream application scenarios of various chip products of Aojie Technology are broad, and can be applied to the consumer electronics market represented by mobile phones and smart wearable devices and the intelligent Internet of Things market represented by smart security, smart home and automatic driving.

At present, Aojie Technology has successfully mass-produced more than 25 commercial chips, and the product line fully covers the field of cellular communication, non-cellular communication and AI, realizing product breakthroughs in the field of non-cellular and AI, and gradually reaching cooperative relations with leading enterprises in various fields and achieving large-scale sales.

It is understood that Aojie Technology has an experienced and energetic R & D team, R & D personnel reached about 90%, of which the proportion of personnel with master's degree or above is more than 70%. Such an excellent team has achieved amazing results in the past few years, with the company's cumulative sales of cellular baseband chip products exceeding 80 million units and non-cellular IoT chip products exceeding 40 million during the reporting period.

With the continuous industrialization of R&D technology and the continuous expansion of customer base, Aojie Technology has successively become an important supplier of mainstream module manufacturers at home and abroad such as Quectel Communications, SUNSEA Intelligence, Youfang Technology, Gaoxinxing, U-bloxAG, etc., and has entered the supply chain system of well-known brand enterprises at home and abroad such as national large power grid enterprises, ZTE, Hitachi, 360, TP-Link and so on.

Aojie Technology has independently developed and accumulated most of the analog IP and digital IP required by SoC chips including 2G to 5G multi-mode communication protocol stack IP, ISP, LPDDR2/3/4x, USB2/3Phy, PCIePhy, etc., which can be applied to various chip designs, and some IP has been licensed to well-known domestic mobile phone manufacturers. In terms of analog IP, the company's 12-bit 240Mbps analog-to-digital converter (ADC) and 12-bit 960Mbps digital-to-digital converter (DAC) have added self-calibration functions, with a very high stray dynamic range (SFDR), which can be used on the 4G, 5G and WiFi6 RF transceiver paths; the company's self-developed LPDDR4x physical layer can achieve 4266Mbps compared with the mainstream products in the market, while saving chip costs, the transmission rate can reach 4266Mbps

At present, the main business of Aojie Technology is mainly composed of three major businesses, including chip products, chip customization business and semiconductor IP licensing services.

Jiwei Network understands that chip products are the main source of its performance. In addition to multi-mode multi-standard cellular baseband chips, in the field of non-cellular wireless communications, Aojie Technology not only has a variety of high-performance IoT chips based on WiFi, LoRa, Bluetooth technology, but also a global positioning navigation chip based on Beidou navigation (BDS)/GPS/Glonass/Galileo technology, which can fully cover the application scenarios of various transmission distances in the IoT market.

In the field of AI, Aojie Technology also has a chip design company with simultaneous layout on the "cloud side" and "end side"; on the cloud side, with the ability of ultra-large-scale high-speed Soc chips under advanced technology, it customizes large-scale artificial intelligence chips for customers and successfully mass-produces them. On the end side, Aojie Technology integrated the existing self-developed ISP and end-side AI chip architecture technology, launched the first intelligent IPC chip project, and promoted and cooperated with leading enterprises in the industry.

From the perspective of revenue, the performance of Aojie Technology has achieved explosive growth in recent years. From 2017 to 2019, its operating income was 84.2335 million yuan, 115 million yuan and 398 million yuan respectively, with a compound growth rate of 117.35% in operating income, and the compound growth rate of operating income in the last three years reached more than 20%; from January to September 2020, its revenue reached a new high, achieving 707 million yuan.

Dai Baojia, chairman of Aojie Technology, previously said that the public offering and listing of shares is an important new chapter in the development of Aojie Technology, and the implementation of the fund-raising project will further strengthen the overall strength of the company and strengthen its competitive advantage. The company will continue to focus on technology research and development, consolidate and expand market share, enhance profitability, continue to create value for the majority of investors, and return the support and trust of investors.

Looking forward to the future, Dai Baojia said that since its establishment, the company has successfully acquired a number of teams at home and abroad, completed the integration of teams and technology, and launched a series of competitive products, which have been recognized by customers and the market. In the future, the company will continue to integrate high-quality resources at home and abroad through strategic acquisitions, and while improving the company's technical capabilities and enriching its product layout, it will have the opportunity to enter more and more promising new markets, and become a world-class enterprise based in China. (Proofreading/Arden)