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<IPO>Tianyu Semiconductor Files for HK Listing with Huawei/ SAIC Motor/ BYD COMPANY as Shareholders
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Guangdong Tianyu Semiconductor has submitted a main board listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor. Preliminary prospectus information reveals that Tianyu Semiconductor is a supplier of silicon carbide epitaxial wafers for semiconductor materials, primarily providing products to clients engaged in the R&D, production, and sales of semiconductor chips and other related products. For the interim period ended June 2024, the company recorded revenue of RMB361 million, marking a YoY decrease of 14.8%. It swung from profit to loss during the period, recording a net loss of RMB137 million, compared to a net profit of approximately RMB22.963 million in the interim of 2023. Tianyu Semiconductor boasts an impressive shareholder background. Since its establishment in 2009, it has undergone seven rounds of financing, attracting pre-IPO investors such as private equity firms involving Huawei, BYD COMPANY (01211.HK), and SAIC Motor (600104.SH). AAStocks Financial News |
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