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2024

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620 million, Bank of Communications and Xinlian Integration established an integrated circuit investment fund

Recently, Shaoxing Jiaojiao Pioneer Integrated Circuit Equity Investment Fund Partnership (Limited Partnership) was established, which marks another major investment layout in the field of integrated circuits.


Recently, Shaoxing Jiaojiao Pioneer Integrated Circuit Equity Investment Fund Partnership (Limited Partnership) was established, which marks another major investment layout in the field of integrated circuits. The company has a registered capital of up to 620 million yuan, focusing on participating in equity investment, investment management and asset management and other related businesses through private equity funds.

According to the shareholding structure information disclosed by Qichacha APP, the shareholders of Shaoxing Jiaojiao Pioneer Integrated Circuit Equity Investment Fund Partnership have a strong lineup, including Bank of Communications Financial Assets Investment Co., Ltd. and Bank of Communications Capital Management Co., Ltd., which are subsidiaries of Bank of Communications, as well as Xinlian Integration, a well-known enterprise in the semiconductor industry, and its wholly-owned subsidiary, Xinlian Equity Investment (Hangzhou) Co., Ltd.

This combination not only shows the deep integration of financial capital and industrial capital, but also indicates that there will be a series of new investment actions in the field of integrated circuits. The participation of Bank of Communications has undoubtedly provided solid financial support and rich management experience for this newly established fund partnership. It is reported that Bank of Communications' profound accumulation and extensive resources in the financial market will provide a strong guarantee for the fund in terms of fund raising, project screening and risk management.

The addition of Silint further highlights the fund's professionalism and forward-looking in the field of integrated circuits. According to public information, Xinlian achieved a single-quarter revenue of 1.668 billion in the third quarter, a year-on-year increase of 27.16%, and has achieved a positive single-quarter gross profit margin of 6.16%. It is understood that the company's new revenue in the third quarter of 2024 was previously mentioned in the performance forecast for the first three quarters of 2024, mainly due to the gradual increase in the company's capacity utilization rate with the recovery of new energy vehicles and the consumer market.

According to public information, Xinlian has signed long-term strategic cooperation agreements with Weilai Automobile, Ideal and other companies, and has recently obtained the designation of all models of GAC Aion. With the large-scale release of factory production capacity driven by the increase in fixed-point projects of major customer projects, the utilization rate of the 12-inch line production line has been greatly increased to nearly full load, the 8-inch IGBT, MOSFET and MEMS production line of Xinlian integration is in a full load state, the 6-inch silicon carbide SiC production line continues to run at full capacity, and the 8-inch silicon carbide SiC production line is about to enter the mass production stage next year.

The establishment of Shaoxing Jiaojiao Pioneer Integrated Circuit Equity Investment Fund Partnership has not only injected new vitality into the development of the integrated circuit industry, but also set a new model for the deep integration of financial capital and industrial capital. In the future, the fund will rely on a strong shareholder background and a professional investment team to continue to make in-depth layout in the field of integrated circuits, and contribute to the rapid development of China's integrated circuit industry.

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