Jiangsu Xinde Semiconductor passes HKEX listing hearing
Jiangsu Xinde Semiconductor Technology, a Chinese chip assembly and test firm, has passed its Hong Kong Stock Exchange listing hearing. The company reported revenue of 359.67 million yuan for the four months to April 2026, up 17.4 per cent year-on-year, while its net loss narrowed slightly to 161.9
Jiangsu Xinde Semiconductor Technology, a Chinese outsourced semiconductor assembly and test (OSAT) service provider, passed its Hong Kong Stock Exchange listing hearing on Wednesday, according to a report by The Standard.
For the four months ended 30 April 2026, the company posted revenue of 359.67 million yuan (HK$422.4 million), representing a 17.4 per cent year-on-year increase. Its net loss stood at 161.9 million yuan, narrowing slightly from 163.6 million yuan in the same period a year earlier. Research and development expenses totalled 29.85 million yuan.
Founded in September 2020, the company has been engaged in traditional and advanced semiconductor packaging businesses. According to Frost & Sullivan, in 2025 the firm ranked seventh among general-purpose OSAT providers in China by revenue from advanced packaging and testing, holding a 0.6 per cent market share.
Currently, the company holds 225 patents in the People's Republic of China and has filed three Patent Cooperation Treaty applications, covering key areas such as packaging structures, methods, equipment and testing systems.
Huatai Financial Holdings (Hong Kong) acts as the sole sponsor for the proposed listing.