Listing counseling is an important process for enterprises to carry out IPO issuance, and it is also a step before the IPO application of enterprises. Listing counseling refers to the standardized training, counseling and supervision conducted by relevant institutions on a company limited by shares that intend to issue shares and be listed. It can be said that the companies that have entered the listing counseling process are the reserve force of China's A-shares, and they are also the leading enterprises in various industries.
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At present, there are a number of sensor companies in China's A-share market that are undergoing IPO counseling, and have recently updated the latest listing counseling.
Pioneer Navigation Control Technology Co., Ltd
Latest counseling progress time: 2024-7-19
Tutoring organization: China International Capital Corporation Limited
Kintor Navigation Control Technology Co., Ltd. was established on October 26, 2017, mainly engaged in the research and development, production and sales of inertial sensors and inertial navigation products, navigation and intelligent control systems, and image guidance products.
It is a high-tech enterprise of military-civilian integration jointly established by senior professional teams in navigation, control and guidance and related application fields. The business scope covers quartz flexible accelerometer (vibration sensor) and quartz flexible accelerometer measurement equipment and test system, microelectromechanical (MEMS)-based gyroscope components, inertial measurement units (IMU), inertial navigation systems and integrated navigation systems, image guidance products and guidance control systems, smart ports and port automation solutions, and information-based military warehousing.
On April 28, 2023, Kinor Navigator signed an IPO counseling agreement with China International Capital Corporation Limited, and as of July 19, 2024, the fifth phase of counseling has been completed.
Shanghai Aoshi Control Technology Co., Ltd
Latest counseling progress time: 2024-7-22
Counseling institution: China Securities Co., Ltd
Founded in 2000, Shanghai Aoshi Control Technology Co., Ltd. is a scientific research enterprise specializing in the design, R&D, production and service of optical devices such as fiber optic gyroscopes, waveguides, special optical fibers, detectors, couplers, etc., and has developed a series of high, medium and low precision photoelectric inertial navigation sensors, which can provide different series of products such as single, double and three axes for inertial navigation. The products are used in aviation, aerospace, navigation, high-speed railway, smart grid and other fields, and it is one of the suppliers of photoelectric inertial navigation sensors and related optical devices in China.
Formerly known as Shanghai Hengtong Optoelectronics Technology Co., Ltd., which was jointly founded by Hengtong Group and Shanghai Telecom Company, according to relevant information disclosure, its annual sales have reached 8.5 billion yuan, and it is the most powerful and largest private enterprise in the domestic fiber optic gyroscope industry. The only enterprise in the whole industry chain of fiber optic gyroscope in China; The only private enterprise with four complete certificates of fiber optic gyroscope.
Aoshi Control signed a counseling agreement on January 10, 2024, and the counseling agency is China Securities Construction Investment, which has not yet been disclosed in the proposed listing sector, and as of July 22, 2024, the second phase of listing counseling has been completed.
Wuhan Xinxin Integrated Circuit Co., Ltd
Latest Counseling Progress Time: 2024-7-11
Counseling institutions: Guotai Junan Securities Co., Ltd., Huayuan Securities Co., Ltd
Wuhan Xinxin Integrated Circuit Co., Ltd. ("XMC®"), established in Wuhan in 2006, can provide 12-inch NOR Flash, CIS (image sensor) and Logic wafer foundry and technical services for 40nm and above processes. The company is committed to becoming a trustworthy leader in semiconductor characteristic technology, providing high-quality innovative products and professional technical services to customers around the world.
On February 29, 2024, Wuhan Xinxin introduced more than 30 investment institutions, including Xiamen Juda No. 2 Investment Partnership (Limited Partnership), Wuhan Financial Holdings, Wuhan Optics Valley Semiconductor Industry Investment Co., Ltd., Wuhan Guangchuang Xinzhi Private Equity Investment Fund, Guoxin Venture Capital, CMB International, Changtou Group, Xie Nuo Investment, CITIC Securities, Agricultural Bank of China, Bank of China Financial, Hubei Hi-Tech Investment, Hengsheng Rongtong Investment, CCB Investment, Industrial and Commercial Bank of China, East Lake Venture Capital, Bank of Communications Financial Assets Investment Co., Ltd., Haitong Creative Capital, Hubei Yangtze River Direct Investment, etc. At present, the controlling shareholder of Wuhan Xinxin is Yangtze River Storage, holding more than 68% of the shares.
In May 2024, Wuhan Xinxin signed a listing counseling agreement with Guotai Junan and Huayuan Securities, and as of July 11, 2024, the first phase of listing counseling has been completed.
Tianjin Micro-Nano Chip Technology Co., Ltd
Latest Counseling Progress Time: 2024-7-9
Counseling institution: CITIC Securities Co., Ltd
Tianjin Micro-Nano Chip MNCHIP is a high-tech enterprise focusing on the R&D, production, sales and service of rapid in vitro diagnostic products. Its series of fully automatic biochemistry analyzers continue to provide solutions for the institutional operation of physicians and veterinarians. As of 2023, MNCHIP has exported products and services to nearly 100 countries and regions around the world.
Invested by Legend Holdings, Micro-Nano Chip has developed a series of clinical testing products around the core technology of MEMS microfluidic chips, is committed to the commercial application and development of microfluidic chip technology, and develops a new generation of integrated, miniaturized and portable clinical testing equipment. The successfully developed automatic biochemical analysis system based on microfluidic chip technology CelercareM1 has obtained the medical device registration certificate of the State Food and Drug Administration in 2013, which is the first POCT biochemical inspection system based on microfluidic chip technology on the market in China, and is currently exported to Russia, Korea, Italy and other countries in addition to being applied in hundreds of medical institutions at all levels in China.
On January 19, 2024, CITIC Securities signed a counseling agreement with Micro-Nano Chip, and on the same day, it officially submitted the counseling and filing application materials to the Tianjin Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Tianjin Securities Regulatory Bureau"). On January 22, 2024, the Tianjin Securities Regulatory Bureau agreed to the micro-nanochip counseling filing and issued a counseling registration confirmation. On April 12, 2024, CITIC Securities submitted a report to the Tianjin Securities Regulatory Bureau on the progress of the initial public offering and listing counseling of Tianjin Micro-Nanovo Technology Co., Ltd. (Phase I). On July 10, 2024, CITIC Securities submitted a progress report (Phase II) on the initial public offering and listing counseling of Tianjin Micro-Nanovo Technology Co., Ltd. to the Tianjin Securities Regulatory Bureau. Up to now, CITIC Securities' listing counseling for Micro-Nano is still ongoing.
Zhuzhou Fisrock Optoelectronics Technology Co., Ltd
Latest Counseling Progress Time: 2024-7-8
Counseling organization: Ping An Securities Co., Ltd
Founded in 2016, Zhuzhou Fisrock Optoelectronics Technology Co., Ltd. is a state-level specialized and new small giant enterprise and high-tech enterprise, mainly engaged in the research and development, production and sales of fiber optic gyroscopes, fiber optic gyroscope components, inertial measurement components and other products, with a number of experts in the field of optical fiber inertial group research and development technology, and the technical backbone has many years of military product development experience and model application experience, and its business involves optoelectronic devices and components, optical fiber sensing, special instrument and equipment development and system integration. The company is operating well, with an output value of more than 290 million yuan in 2023 and more than 30 million tax revenues.
According to the announcement, Ping An Securities Co., Ltd. has signed a listing counseling agreement with Zhuzhou Fisrock Optoelectronics Technology Co., Ltd. on January 25, 2024, and has completed the second phase of counseling as of July 8, 2024.
Hefei Zhongke Junda Vision Technology Co., Ltd
Latest Counseling Progress Time: 2024-7-9
Counseling institution: Guoyuan Securities Co., Ltd
Since its establishment in 2011, Hefei Junda Vision Technology Co., Ltd. (Zhongke Vision) is a technology company focusing on high-speed visual perception technology innovation, committed to "making human and artificial agents better perceive the world", since its establishment in 2011, it has accumulated rich application practices in transient process analysis, strain field measurement, flow field measurement, motion trajectory measurement, target tracking and recognition, product performance testing, real-time failure analysis, online quality inspection and other application scenarios, and its products and solutions are widely used in scientific research. Industrial testing, sea and air engineering and other fields.
The company has completely independent intellectual property rights of the "thousand-eyed wolf" high-speed camera (high-speed camera) series products, the first to break the monopoly of foreign technology, users all over the country and all over the world; At the same time, it continues to innovate technical products and solutions, integrating high-speed industrial visual inspection sensors, high-speed visual measurement and analysis systems, precision deformation field measurement and analysis systems, dynamic flow field measurement and analysis systems, high-speed 3D dimensional measurement and defect detection systems, and continues to empower users in business practice.
In March 2023, Zhongke Vision signed a listing counseling agreement with Guoyuan Securities, and as of July 9, 2024, the fifth phase of listing counseling has been completed.
Anhui Xici Technology Co., Ltd
Latest Counseling Progress Time: 2024-7-9
Counseling institution: Guotai Junan Securities Co., Ltd
Founded in 2013, Anhui Magnet Technology Co., Ltd. is a chip-level magnetic sensor manufacturer based on TMR technology, with a R&D team with returnee doctors and experts as the core, covering TMR chip design, MEMS, magnetic circuit design, circuit design and other fields, with more than 80 domestic and foreign patents. The company has always adhered to independent innovation, and has all intellectual property rights for existing current sensors, magnetic identification sensors and other products. Ximagnetic Technology invested in the construction of "Sensor Microelectronic Chip Industry Project" in Bengbu, Anhui Province, and acquired Germany SENSITEC as a wholly-owned subsidiary of Ximagnetic Technology.
The company has mastered the core capabilities of the whole industry chain of magnetic sensor chip design, material preparation, wafer manufacturing, chip testing, magnetic sensor module design and production, and has completely independent R&D, design and production capabilities. The products can be widely used in current detection, non-destructive testing, financial anti-counterfeiting, biomedical, angular displacement detection and other fields. At present, Magnetics Technology is a scarce magnetic sensor manufacturer with core technology, mass production capacity and covering the whole industry chain in China. From the perspective of the industrial chain, only a few companies in the world have xMR capabilities, and magnetic sensor giants have xMR layouts.
On April 28, 2024, Magnetics Technology signed a listing counseling agreement with Guotai Junan, and the first phase of counseling will be completed by July 9, 2024.
Shandong Lane Optoelectronics Technology Co., Ltd
Latest Counseling Progress Time: 2024-7-8
Counseling institution: Zhongtai Securities Co., Ltd
Shandong Lane Optoelectronics Technology Co., Ltd., founded in 2004, is a national high-tech enterprise and a member of the Forging Machinery Standardization Committee. The company focuses on the R&D, production, sales and technical services of safety light curtains, lidars, detection gratings, and safety control products, providing efficient and reliable safety protection products and solutions for mechanical and electronic manufacturing enterprises. After more than ten years of development, the company has accumulated rich experience in R&D, production and management, and has now become a R&D and manufacturing enterprise with a status in the field of safety light curtains, measurement gratings and safety control products.
In December 2023, Lane Optoelectronics signed a listing counseling agreement with Zhongtai Securities, and as of July 8, 2024, the second phase of counseling has been completed.
Hunan Chiopt Optoelectronics Technology Co., Ltd
Latest counseling progress time: 2024-7-5
Counseling institution: Haitong Securities Co., Ltd
Founded on March 19, 2010, Hunan Chiopt Optoelectronics Technology Co., Ltd. is a manufacturer of core components for machine vision, with products covering industrial cameras, industrial lenses, and industrial testing equipment, and has become the hidden champion in the field of industrial lenses for machine vision in China. The company is the governing unit of the Chinese Optical Society and the vice president unit of the Hunan Sensor Industry Promotion Association (2021-2025), and has been rated as the national "specialized, special and new" little giant and the third batch of key "little giant" enterprises, Hunan "specialized, special and new" little giant, "Hunan Province Industrial Brand Cultivation Pilot Enterprise", "Hunan New Material Enterprise", "Changsha City's Sixth Batch of Intelligent Manufacturing Pilot Enterprises", "Changsha City Little Giant Enterprise", Changsha City Artificial Intelligence Key Enterprise, 2021 China Electronics Industry Excellent Enterprise".
Chiopt submitted an application for an IPO on the STAR Market on June 30, 2023, and withdrew the application on December 19 of the same year, terminating the IPO of the STAR Market. In February 2024, the Beijing Stock Exchange will start the listing counseling work, and the counseling agency is still Haitong Securities, and as of July 5, 2024, the second phase of listing counseling has been completed.
Shenzhen Huapu Microelectronics Co., Ltd
Latest Counseling Progress Time: 2024-4-10
Counseling institution: Haitong Securities Co., Ltd
Huapu Micro is a national high-tech enterprise focusing on the field of wireless radio frequency and sensors, and has now developed into a complete industrial chain company integrating ASIC chip design, MEMS sensor chip design, packaging, testing and calibration technology, and application services in China.
Huapu Micro has independent intellectual property rights of analog and digital hybrid RF chip "NextGenRF" algorithm, PlutoIOT\PlutoWAN protocol, and silicon piezoresistive sensor chip design technology; The main RF chips based on and extended wireless RF Sub-1GHz, wireless transmission modules, various types of sensor products derived from MEMS technology, and related Internet of Things application solutions; Huapu Micro's products include wireless RF chips, digital isolators, LoRaWan modules, data transparent transmission modules, etc., and sensors include high-precision air pressure sensors, temperature and humidity sensors, etc.
On January 16, 2023, Huapu Micro signed a listing counseling agreement with Haitong Securities, and as of April 10, 2024, Huapu Micro has completed the fifth phase of listing counseling.
Mack Sensors Inc
Latest counseling progress time: 2024-7-10
Counseling agency: Orient Securities Underwriting and Sponsorship Co., Ltd
Mack Sensor Co., Ltd., founded in 1971, formerly known as Baoji Qinming Company, was engaged in the research of pressure sensors at the beginning, and currently focuses on the R&D and manufacturing of pressure, liquid level, flow, temperature and IoT terminal instruments. Products are widely used in: petrochemical, water conservancy, industrial control, municipal fire protection, smart city, aerospace and navigation, food and medicine and other fields. 、
The main products of Mike Sensing are differential pressure sensors, pressure transmitters, liquid level transmitters, temperature sensors, electromagnetic flowmeters, vortex flowmeters...... For customers in more than 100 countries and regions around the world, we provide specific product solutions for fluid medium measurement.
On January 10, 2023, Mack Sensing signed a listing counseling agreement with Orient Securities, and as of July 10, 2024, Mack Sensing has completed the sixth phase of listing counseling.
The sensor industry chain has become one of the main lines of long-term investment, and it is expected to give birth to leading enterprises
Some commentators believe that CICC's research reports are at the first echelon level in the industry, especially for the analysis of macro policies, and CICC's reports are the most powerful in terms of investment strategy and macro trend.
Recently, CICC released a series of research reports on the semiconductor market, named after the "Chip" Opportunity series of reports, the first of which is dedicated to the analysis of China's sensor market - "Chip" Opportunity Series 1: Intelligent Connection of Everything, Entrance Sensing Upgrade".
The report believes that the sensor industry chain is expected to become one of the main lines of long-term investment, the mainland accounts for the world's main consumer market, but the sensor industry chain lacks a leader, and the domestic sensor industry chain is expected to give birth to excellent leading companies.
Here are some excerpts:
The investment logic of semiconductors: market size = old terminal * (1 + electronic improvement rate) + new terminal * penetration rate. The improvement of the electronic rate of old terminals and the growth of the penetration rate of new terminals are all based on sensors. In the post-epidemic era, with the increasing attention of consumers to health, the emphasis on digital production in the manufacturing industry, and the accelerated penetration of smart vehicles, we believe that the sensor industry chain is expected to become one of the main lines of investment in 2023 and beyond.
The global sensor market is considerable, and the industrial chain has given birth to a device/equipment leader with a revenue of nearly 600 billion yuan and a chip leader with a revenue of more than 100 billion yuan. According to Allied Market Research, the global sensor market size was about $170 billion in 2020, and the agency expects it to reach $342.8 billion by 2028, with a compound annual growth rate of 9.2%. According to Markets and Markets, the global automotive sensor market size was US$25.1 billion in 2021 and is expected to reach US$47.5 billion by 2026, with an average annual compound growth rate of 13.6%. Bosch, the global leader in MEMS sensors and the automotive Tier 1 leader Germany Bosch had FY21 revenue of 78.7 billion euros; Global analog chip leader United States Texas Instruments TI FY21 revenue of $18.3 billion. Therefore, the sensor track is large-scale, and the leading effect of the industrial chain is significant.
The mainland accounts for the world's major consumer market, but the sensor industry chain lacks a leader. Among the A-share listed companies, the revenue scale from large to small is image sensor chip manufacturer Weir shares, GigaDevice with sensor/storage/MCU chip ecological layout, wireless communication RF front-end chip manufacturer Zhuosheng Micro, and acoustic sensor packaging/module domestic leader Goertek Microelectronics (has submitted an IPO declaration), with FY21 revenue of 24.1 billion yuan, 8.5 billion yuan, 4.6 billion yuan and 3.1 billion yuan respectively. In the field of analog chips and automotive sensors, the FY21 revenue of domestic leaders Shengbang Co., Ltd. and Baolong Technology was only 2.2 billion yuan and 3.9 billion yuan respectively.
In the context of the reshaping of the global industrial chain, we believe that the domestic sensor industry chain is expected to give birth to excellent leading companies. With strong demand for the Internet of Things (IoT) and new energy vehicles in China, and strong localization of materials, processes and equipment required for the production of key chips, we believe that the internal circulation of supply and demand is expected to be achieved under the new situation.