SMIC Microelectronics rushes to list on Hong Kong Stock Exchange: annual revenue of 1.1 billion, profit of 280 million, Zhou Yan cashes out 347 million

(Source: Lei Di Intelligent Driving)

Lei Di Network Lei Jianping April 5

Microchip Semiconductor (Shenzhen) Co., Ltd. (abbreviated as “Microchip Semiconductor”) has filed a prospectus with the intention to go public on the Hong Kong Stock Exchange.

Microchip Semiconductor was listed on the STAR Market in August 2022, issuing 63.0 million shares at an issue price of RMB 30.86 per share, raising a total of RMB 1.94B.

As of Friday’s market close, Microchip Semiconductor’s share price was RMB 40.6, with a market capitalization of RMB 16.3 billion.

Microchip Semiconductor distributed dividends of RMB 180 million, RMB 99.90 million, and RMB 99.70 million in 2023, 2024, and 2025, respectively. The dividends declared in 2023 and 2024 had been settled as of the last practicable date.

For the year ended December 31, 2025, the recommended dividends of approximately RMB 120 million to be paid to existing shareholders were approved by the board of directors.

Annual revenue RMB 1.1 billion; profit RMB 280 million

Microchip Semiconductor is a provider of intelligent control solutions, focusing on the design and delivery of integrated circuit chips, and using a microcontroller (MCU) as the core of its products.

With its MCU design and development capabilities as the core, Microchip Semiconductor’s products further extend to various system-on-chip (SoC) and application-specific integrated circuit (ASIC) and other types, providing customers with end-to-end overall chip and underlying algorithm solutions needed for intelligent control, enabling diverse application scenarios such as consumer electronics, smart home appliances, industrial control, and automotive electronics.

During the track record period, Microchip Semiconductor’s revenue mainly came from providing MCU, SoC, and ASIC solutions, as well as sales of other related products.

The prospectus shows that Microchip Semiconductor’s revenues in 2023, 2024, and 2025 were RMB 714 million, RMB 912 million, and RMB 1.12B, respectively; gross profit was RMB 69.23 million, RMB 261 million, and RMB 369 million, respectively.

Microchip Semiconductor’s revenue from MCU solution in 2025 was RMB 846 million, accounting for 75.4%; revenue from SoC solution was RMB 241 million, accounting for 21.5%.

Microchip Semiconductor’s annual profits in 2023, 2024, and 2025 were -RMB 21.95 million, RMB 137 million, and RMB 284 million, respectively.

As of December 31, 2025, Microchip Semiconductor held cash and cash equivalents of RMB 319 million.

Zhou Yant cashed out RMB 347 million

Microchip Semiconductor’s executive directors are Yang Yong, Zhou Yan, and Liu Zeyu; independent non-executive directors are Dr. Song Xiaoke, Dr. Sun Xialing, and Dr. Chu Junhong.

Yang Yong is Chairman of the board and General Manager of Microchip Semiconductor. Born in 1972, he is a New Zealand national, with permanent residency in Hong Kong. He holds a bachelor’s degree from Fushun Petroleum College (now renamed “Liaoning Petroleum and Chemical University,” and the same applies below) and a master’s degree from Southeast University. Zhou Yan was born in 1970 and holds a bachelor’s degree from China Fushun Petroleum College.

As of December 31, 2025, Yang Yong’s shareholding is 31.47%, Zhou Yan’s shareholding is 22.93%, Jiang Zhiyong’s shareholding is 3.92%, Luo Yong’s shareholding is 3.85%, and Zhou Fei’s shareholding is 3.37%;

Shunwei Xinhuua (Shenzhen) Investment Limited Partnership (Limited Partnership) holds 2.89%, and Ningbo Shunwei Zhiyuan Venture Capital Partnership (Limited Partnership) holds 1.28%;

Gina Na holds 0.8%, The Central Clearing and Settlement Company Limited of Hong Kong holds 0.45%, and Shenzhen Dacheng Caizhi Venture Capital Investment Management Co., Ltd. – Shenzhen Dacheng Chuanghong Private Equity Investment Enterprise (Limited Partnership) holds 0.4%.

Microchip Semiconductor announced on March 3, 2026 that shareholder Zhou Yan transferred 8,007,300 shares at a transfer price of RMB 43.35 per share, cashing out RMB 347 million.

Zhou Yan and Yang Yong and Zhou Fei are acting in concert. After this reduction, the three of them together control 55.77% of the company’s equity.

—————————————————

A massive amount of information and precise analysis—available in the Sina Finance APP