Brief Introduction

Chipsea Technology (Shenzhen) Co., Ltd. (stock code: 688595), founded in 2003, is a full-signal chain chip design enterprise integrating perception, computing, control and connection. Chipsea focuses on the R&D and design of high-precision ADC, high-reliability MCU, measurement algorithm and one-stop solutions for the Internet of Things. Adopting the Fabless business model, its chip products are widely used in the fields such as smart health, smart phones, consumer electronics, wearable devices, smart home, industrial measurement, automotive electronics, etc. Based on the deep understanding of high-precision ADC technology and high-reliability MCU technology, the Company has mastered the design technology of full-signal chain chips, has established close cooperation with well-known enterprises such as MIUI, vivo, Meizu, Huami, ZMI, Smoore, Flyco, Hanwei, Midea, Senssun, Lexin Medical, and a leading company of lithium batteries, and has become an ecological strategic partner of Huawei HarmonyOS and HiLink.

Headquartered in Shenzhen, with subsidiaries in Hefei, Xi'an and Chengdu, Chipsea Technology is a state-level high-tech enterprise. It has been recognized by Guangdong Provincial Department of Science and Technology as the "Guangdong Provincial IoT Chip Development and Application Engineering Technology Research Center". The Company has been approved to set up a municipal post-doctoral innovation and practice base, including a reliability testing center, health measurement laboratory, perception laboratory and MCU laboratory. As of December 31, 2020, the Company has applied for a total of 591 patents and obtained a total of 246 patents.

Company Overview

Full name Chipsea Technologies (Shenzhen) Corp.,Ltd.
Abbreviations chipsea
Code 688595
Founded 2003-09-27
Listing 2020-09-28
Domicile shenzhen
STAR Theme New Generation IT
CSRC Sector Computer, telecommunications and other electronic equipment manufacturing industries
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 1.1 0.58 0.38
R&D expenditure as a % of operating revenue 20.51% 19.77% 18.77%
Operating Revenue 362.80 258.41 219.30
Net Income 88.76 41.89 27.90

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 362.80 258.41 219.30
Operating Costs 187.43 142.65 120.52
Operating Income 90.31 43.02 25.79
Pretax Income 90.35 42.96 25.82
Income Tax 1.58 1.06 -2.09
Net Income 88.76 41.89 27.90

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 862.56 256.42 238.09
Non-current Assets-Total 158.45 87.56 48.68
Total Assets 1021.01 343.98 286.77
Current Liabilities-Total 132.68 60.77 63.11
Non-current Liabilities-Total 31.18 12.65 14.34
Total Liabilities 163.86 73.42 77.45
Stockholder's Equity
Share Capital 685.47 187.64 168.62
Retained Profits 172.75 83.43 40.63
Minority Interests -1.07 -0.51 0.06
Total Owners' Equity 857.15 270.56 209.32

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 50.19 -2.34 8.55
Net Cash Flows-Investing -133.41 29.59 -79.12
Net Cash Flows-Financing 566.73 10.32 -1.85

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
卢国建 28.01 28.01
深圳市海联智合咨询顾问合伙企业(有限合伙) 16.54 16.54
深圳力合新能源创业投资基金有限公司 55.12 5.51
深圳市远致创业投资有限公司 27.56 2.76
苏州方广二期创业投资合伙企业(有限合伙) 27.24 2.72
深圳鸿泰基金投资管理有限公司-深圳南山鸿泰股权投资基金合伙企业(有限合伙) 27.22 2.72
上海聚源载兴投资中心(有限合伙) 26.67 2.67
中信证券-招商银行-中信证券芯海科技员工参与科创板战略配售集合资产管理计划 25.00 2.5
西藏津盛泰达创业投资有限公司 24.66 2.47
苏州中和春生三号投资中心(有限合伙) 19.57 1.96

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