Jifeng Electronics Set for Listing Review as It Seeks ChiNext IPO

Shanghai Jifeng Electronics Co., Ltd. is scheduled to face a listing committee review on Oct. 15 as it pushes for an initial public offering on ChiNext, the Nasdaq-style board of the Shenzhen Stock Exchange. The company is positioned as a one-stop semiconductor testing solutions provider, with operations spanning third-party laboratory testing and analysis services, testing hardware products, and volume-production testing services across the chip industry chain. According to figures cited in the article, China’s mainland market for third-party semiconductor laboratory testing and analysis services was about 12.55 billion yuan in 2025 and is projected to reach 18.15 billion yuan by 2027, implying a 20.3% compound annual growth rate. Jifeng Electronics said its third-party laboratory segment generated 424 million yuan in revenue in 2025, accounting for 64.02% of total revenue and delivering a 51.00% gross margin. The article said that placed the company third in the mainland market, behind Frontken and Wintech Nano. The company reported revenue of 443 million yuan in 2023 and 669 million yuan in 2025, while net profit attributable to shareholders rose from 23.3867 million yuan to 91.2555 million yuan over the same period. Jifeng Electronics plans to raise 924 million yuan, with proceeds earmarked for a Pudong technology center, automotive-grade high-reliability mass-testing capacity, a chip pilot-platform engineering R&D project, and working capital.