With a market value of nearly 10 billion, a driver IC factory plans to IPO in Hong Kong

On April 14, Fumanwei released the "Indicative Announcement on Planning for the Issuance of H Shares and Listing on the Stock Exchange of Hong Kong Limited".

The announcement shows that in order to further promote the global strategic layout, further improve the company's capital strength and comprehensive competitiveness, enhance the international brand image, and optimize the capital structure, Fumman Microelectronics Group Co., Ltd. is planning to issue shares overseas and apply for listing on the Hong Kong Stock Exchange.

Fumanwei stated that as of the date of this announcement, the company is discussing with relevant intermediaries on the issuance and listing of the company, and the relevant details have not yet been determined. In addition, this issuance and listing will not lead to changes in the company's controlling shareholders and actual controllers.

Fuman Micro was founded in 2001 and listed on the GEM of the Shenzhen Stock Exchange in 2017. As of press time, the total market value of the company's A-shares is approximately 9.856 billion yuan.

In terms of business products, Fuman Micro's main business is the design, development, packaging, testing and sales of high-performance analog and digital-analog hybrid integrated circuits. Its product lines cover video display, wireless communications, storage management, power management and other fields; its core products include LED screen control and driver chips, power devices, MCUs, fast charging protocol chips, 5G radio frequency front-end discrete chips and module chips, and various ASIC chips.

In terms of performance, in 2025, Fuman Micro is expected to achieve revenue of 850 million yuan to 870 million yuan, a year-on-year increase of more than 25%; net profit attributable to the parent company is a loss of 150 million yuan to 190 million yuan, a year-on-year decrease of 21.33%-37.89%.

LED product performance, company semi-annual report data shows that Fuman Micro achieved operating income of 383 million yuan in the first half of 2025. Among them, LED lights, LED control and driver chips achieved revenue of approximately 123 million yuan, a year-on-year increase of 40.99%, accounting for approximately 32% of total revenue; revenue costs were approximately 117 million yuan, a year-on-year increase of 44.25%.