Brief Introduction

Wuxi Chipown Micro-electronics limited (Chipown) is an innovative & professional high-tech company engaged in analog and mixed signal IC design , headquartered in Jiangsu Wuxi high tech development zone with design centers and customer support centers in Suzhou,Shenzhen,Hongkong,Xiamen,and Zhongshan. Founded in 2005, the company focuses on developing green power management and driver ICs, supplying customers with high efficiency, low power consumption, and high quality IC products while providing one-stop application solutions and on-site technical support services that enable customer's systems with better performance, being flexible, reliable and cost-competitive. The company was listed on the SSE STAR Market in July, 2020. Its stock code is 688508.

Chipown has the advanced research & development capability with industry's first class RD team in high voltage IC technology particularly. The company pioneered the successful development and mass production of China's first single chip AC-DC integrated 700V switching power MOS, 1200V AC-DC ICs,200V SOI MOS/LIGBT power ICs, 100V CMOS/LDMOS power ICs and other products, which have received awards and recognitions from State level/Provincial level government for their achievement in advanced technology development. The company has a state-level postdoctoral enterprise work station, and a Jiangsu power IC engineering research center led by the academicians of Chinese Academy of Engineering. Most RD team members have a MS degree and many projects are led by the people with PhD degree. The company has established a scientific and technological innovation and intellectual property management system, has accumulated a large number of core technologies and techniques in IC design, power semiconductor device and process technology development, device modeling and design for reliability, etc. and hold over 60 International and national patents. In 2012, the company was honored as "Jiangsu IP management standardization model-company" by government.

Chipown is recognized by the State Ministry of engineering and information as IC design enterprise, by the State Ministry of Science and Technology as high tech enterprise, as well as Jiangsu private owned technology enterprise, and Jiangsu innovative enterprise. The company has undertaken and completed a number of state-level research projects with all levels of government awards and support. The company has also won the awards from various types of competitions.

Chipown has complete ISO9001 quality system. The main products include AC-DC,DC-DC,Motor driver,etc., are widely used in PCs and peripheral products, mobile phones, personal digital terminals, home appliances, flat panel displays, and other fields. Currently, the company has become the leading supplier for power management ICs in domestic home appliances and handheld device industries.

Company Overview

Full name Wuxi Chipown Micro-electronics limited
Abbreviations Chipown
Code 688508
Founded 2005-12-23
Listing 2020-07-22
Domicile wuxi city, jiangsu province
Website http://www.chipown.com.cn
Email IR@chipown.com.cn
STAR Theme New Generation IT
CSRC Sector Information transmission, software and IT services
Has weighted voting rights structure? Not have

Financials

Highlights

  2020 2019 2018
Earnings Per Share 1.04 0.84 0.69
R&D expenditure as a % of operating revenue 13.65% 14.26% 15.02%
Operating Revenue 429.30 335.10 312.31
Net Income 99.74 66.17 53.51

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 429.30 335.10 312.31
Operating Costs 267.48 201.89 194.40
Operating Income 100.62 71.36 58.10
Pretax Income 105.51 72.79 59.01
Income Tax 5.77 6.62 5.50
Net Income 99.74 66.17 53.51

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 1,269.24 526.85 326.82
Non-current Assets-Total 125.88 19.92 23.17
Total Assets 1,395.12 546.77 349.99
Liabilities
Current Liabilities-Total 97.14 77.72 89.84
Non-current Liabilities-Total 6.89 1.73 1.30
Total Liabilities 104.03 79.45 91.14
Stockholder's Equity
Share Capital 976.90 252.84 102.84
Retained Profits 314.20 214.48 156.01
Total Owners' Equity 1,291.10 467.32 258.85

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 36.59 49.75 35.89
Net Cash Flows-Investing -105.12 -4.04 -8.52
Net Cash Flows-Financing 721.98 141.92 -19.28

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Lixin Zhang 34.30 30.41%
China Integrated Circuit Industry Investment Fund Co., Ltd. 7.50 6.65%
Yangbo Yi 4.73 4.20%
Biao Zhou 3.80 3.37%
Zhihong Li 3.40 3.02%
Shanghai Juyuanjuxin Semiconductor Industrial Equity Investment Fund Center (Limited Partnership) 2.38 2.11%
Shenzhen sunflower investment co.ltd 2.37 2.10%
Jian Chen 2.28 2.02%
Weiming Xue 2.00 1.77%
Chinalin Securities Co.,Ltd. 1.52 1.35%
As of 2020-12-31

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