Hualing, a leader in third-party integrated circuit testing, listed on the Beijing Stock Exchange today

Abstract: October 28, 2022, Shanghai News—On October 28, Shanghai Hualing Integrated Circuit Technology Co., Ltd. (hereinafter referred to as: Hualing Co., Ltd., stock code: 430139.BJ) successfully landed on the Beijing Stock Exchange. Hualing shares issued 40 million shares this time at an issue price of 13.50 yuan per share.

October 28, 2022, Shanghai News – On October 28, Shanghai Hualing Integrated Circuit Technology Co., Ltd. (hereinafter referred to as: Hualing Co., Ltd., stock code: 430139.BJ) successfully landed on the Beijing Stock Exchange. Hualing shares issued 40 million shares this time at an issue price of 13.50 yuan per share.

The prospectus shows that, as a well-known third-party integrated circuit professional testing enterprise in China, Hualing provides high-quality and efficient testing solutions for integrated circuit enterprises and institutions. Its main business includes integrated circuit testing and integrated circuit testing-related supporting facilities. Serve.

Focus on the steady growth of third-party integrated circuit test performance

According to the prospectus, Hualing Co., Ltd. focuses on professional testing of third-party integrated circuits. By purchasing integrated circuit testing equipment, developing and verifying testing procedures according to customer needs, it provides wafer testing and finished product testing services for downstream customers. Compared with packaging and testing integrated manufacturers, third-party test manufacturers focus on the testing process, focusing on test technology research, test solution development, product testing, and test data collection and analysis by combining software and hardware; capacity deployment is more flexible, and there is no such thing as The mismatch between internal packaging capacity and test capacity can reduce repeated investment in capacity, and reduce the cost and expense of industrial chain testing through economies of scale. In terms of independence, it can avoid the impact of test results from other interest factors and ensure effective feedback of test results.

In order to maintain its leadership and continuous competitiveness in the field of third-party integrated circuit professional testing, Hualing has been deeply cultivating this field since its establishment, continuously expanding its talent team and improving its technical strength.

The prospectus shows that Hualing Co., Ltd. has a stable core technology consisting of recipients of special allowances from the State Council with more than 30 years of industry experience, academic leaders, leading talents in Shanghai, experts from the national expert database and many outstanding young and middle-aged technical backbones. The team, equipped with international advanced professional integrated circuit testing equipment, has established a high-level purification testing environment and an online real-time production monitoring system. The technical research and development and service site area exceeds 10,000 square meters, and the testing capabilities cover CPU, MCU, CIS, MEMS, FPGA, Memory chips, communication chips, radio frequency chips, information security chips, artificial intelligence chips and other broad product fields, the service product process covers 7nm-28nm and other advanced manufacturing processes.

Relying on strong technical strength and long-term accumulation of business experience, Hualing has become a leading and sustainable testing enterprise in the field of integrated circuit testing, and has achieved remarkable performance. According to the data disclosed in the prospectus, from 2019 to 2021, Hualing’s operating income was 146 million yuan, 192 million yuan, and 284 million yuan, respectively, and the net profit attributable to the parent was 37 million yuan, 56 million yuan, and 90 million yuan, respectively. Showing a trend of year-on-year growth.

Based on technological innovation and independent research and development, it has repeatedly won market recognition

Hualing Co., Ltd. has always attached great importance to R&D investment, and used R&D to drive the optimization and upgrading of testing technologies and solutions, aiming to enhance the competitiveness and technological leadership of the company’s testing services. According to the prospectus, from 2019 to 2021, Hualing’s R&D investment was 49.518 million yuan, 38.0315 million yuan and 43.2505 million yuan respectively, accounting for 33.94%, 19.84% and 15.21% of its operating income, which were at a relatively high level.

In terms of core technology, Hualing Co., Ltd. is based on technological innovation and independent research and development, and has accumulated relatively rich core technology achievements in high-end design application testing solutions, advanced process product testing solutions, and advanced packaging and testing solutions. The company has mastered the testing technology of high-end chips such as high-performance CPU, MCU, CIS, MEMS, FPGA, and artificial intelligence chips; developed high-density, micro-pitch and high-speed KGD wafer testing and other advanced process product testing hardware design solutions; completed The development of 3D integrated high-density packaging related test solutions, with the ability to collaboratively test 3D packaging chips and test program management.

Hualing has also independently developed a “chip test cloud” intelligent test service system, established a complete integrated circuit test virtual factory, and provided cloud test services such as remote debugging, remote control, and automatic upload of test data. Significantly improve production efficiency and provide customers with more efficient services. The company has established a complete quality control system, and strictly implements control to ensure the quality and efficiency of testing, providing customers with efficient and fast complete solutions and high-quality testing services, and has passed ISO9001 quality management system certification, ISO14001 environmental system certification, CMA ( China Metrology Certification) Metrology Certification, CNAS (China National Accreditation Service for Conformity Assessment) National Laboratory Accreditation Certificate and a series of system certifications.

Hualing Co., Ltd., which insists on independent innovation, has also been recognized by the outside world one after another. Since its establishment, the company has undertaken 8 major national science and technology special projects, a number of other national integrated circuit technology and Shanghai science and technology research and other testing technology development projects, and has successively won Shanghai Science and Technology Progress Award, Pudong New Area Science and Technology Award, Pudong New Area Science and Technology Award Innovation Achievement Award more than 10 times.

After landing in the capital market, Hualing Co., Ltd. stated that it will maintain the company’s technological leadership in the domestic testing industry, and build Hualing into an important technology platform and an important birthplace of technological innovation in the national integrated circuit industry. It is believed that Hualing Co., Ltd. will also use the power of the capital market to continuously improve its independent innovation capability, keep up with the pace of the times and technological development, continue to enhance its hard power, and make greater contributions to the development of the integrated circuit industry.