Jiwei Network reported that on April 12, Weijie Chuangxin was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, with the company's stock code of 688153 and an issue price of 66.6 yuan / share.
However, on the first day of listing, Weijie Chuangxin opened and broke, and as of press time, Weijie Chuangxin fell 24.83% to 50.06 yuan, with a total market value of 20.03 billion yuan.
Weijie Chuangxin is mainly engaged in the research and development, design and sales of RF front-end chips, and is a pioneer in the field of RF front-end in mainland China. When it was established, Weijie Chuangxin was mainly based on the most difficult RF power amplifier (PA) in the RF front end, and now has the design technology, mass production experience and overall solution capabilities of various single-chip and high-integration modules of the RF front end such as PA, RF switch, and low-noise amplifier.
Rf front-end chip is one of the indispensable core devices of wireless communication equipment, and its importance is high. Among them, the core component PA plays an amplified power role in the signal transmission path, continuously working in a high-current, high-power environment, its performance directly affects the communication signal quality of wireless terminals such as smart phones and the endurance of the device, and the quality level of mass-produced products will directly affect the stability of the performance of the brand mobile phone communication function.
In the field of RF front-end, the top five international manufacturers account for more than 80% of the global share. Especially in the 5G high-end market, international manufacturers currently occupy more than 90% of the global market share. As the core device in wireless communication equipment, the market demand for mainland RF front-end chips has long been high in external dependence, and it is urgent for domestic enterprises to make breakthroughs to provide brand enterprises and ODM enterprises with the same performance and quality as international manufacturers for brand enterprises and ODM enterprises of various wireless communication terminals.
At present, the RF front-end products of Weijie Chuangxin have been verified by customers for a long time and have been widely used in smart phones and wearable devices of global first-line mobile phone brands such as Xiaomi, OPPO, vivo, and Honor. According to the "China Chip Design Enterprise List 2020" released by CB Insights, the shipment volume of 4G RF power amplifier products of Weijie Chuangxin ranks first among domestic manufacturers.
With the advent of the 5G era, the application of complex technologies such as multi-band, high-frequency and carrier aggregation poses higher technical challenges to the RF front end. As a member of China Mobile's 5G terminal pioneer industry alliance, Weijie Chuangxin actively cooperates with operators to provide support for the commercial landing of 5G. Based on the forward-looking layout of cutting-edge technologies and markets, Weijie Chuangxin launched 5G PA modules in the first year of 5G commercial use in mainland China (2019), and achieved large-scale mass production and sales in 2020, and further rapidly increased the proportion of sales of 5G-related products in 2021.
According to Yole Development's forecast, the RF front-end industry will reach a global market size of $21.67 billion in 2026, with broad prospects for development. Based on years of technology accumulation and industry precipitation, the business scale and performance of Weijie Chuangxin have developed rapidly, with a compound growth rate of more than 200% in operating income from 2018 to 2021, and an operating income of more than 3.5 billion yuan in 2021. (Proofreading/Lee)