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IPO News | Juxin Microelectronics, a leader in intelligent perception solutions, files again with the Hong Kong Stock Exchange; ranks among the top five globally in multiple niche markets.

Zhitong Finance ·  Apr 29 07:12

According to a disclosure by the Hong Kong Stock Exchange on April 28, 2026, Wuhan Juxin Microelectronics Co., Ltd. (shortened as Juxin Microelectronics) submitted its listing application to the Hong Kong Stock Exchange, with Haitong International and CITIC Securities acting as joint sponsors. Juxin Microelectronics had previously filed an application on September 29, 2025.

According to Zhitong Finance App, the Hong Kong Stock Exchange disclosed on April 28, 2026, that Wuhan Juxin Microelectronics Co., Ltd. (referred to as: Juxin Microelectronics) submitted its listing application to the Hong Kong Stock Exchange, with Haitong International and CITIC Securities as joint sponsors. Juxin Microelectronics had previously filed an application on September 29, 2025.

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Company Profile

The prospectus shows that Juxin Microelectronics is a provider of intelligent perception, machine vision, and imaging technology solutions, integrating high-performance mixed-signal integrated circuits (chips) with optimized algorithms to assist smart devices in achieving precise perception, imaging, and intelligent upgrades. The company's technology focuses on three core areas: intelligent perception, machine vision, and imaging technology, which are widely applied in high-growth scenarios for consumer electronics products such as smartphones, smart wearable devices, and tablets, aiming to enhance interaction efficiency and imaging experience.

In addition, the company is actively expanding its business scope into other emerging growth areas, including robotics, digital twins, and automotive electronics. Leveraging its leading intelligent perception technology platform and combining advanced precision drive technologies, the company's solutions have created synergistic benefits in perception (signal capture), decision-making (data processing), and execution (command implementation). By integrating multi-modal sensing and drive capabilities, the company’s solutions aim to improve perception performance in complex environments and contribute to the advancement of smart devices and the application of perception and imaging technologies.

Juxin Microelectronics' commercial product lines include ambient light sensors, proximity sensors, multi-functional optical sensors, smart audio amplifier chips, linear resonant actuator (LRA) driver chips, and LRA control algorithms under the intelligent perception category; 3D indirect time-of-flight (iToF) image sensors under the machine vision category; and multispectral sensors, flicker sensors, optical image stabilization (OIS) driver chips, and direct time-of-flight (dToF) ranging sensors under the imaging technology category.

Juxin Microelectronics faces fierce competition in the intelligent perception, machine vision, and imaging technology solutions industry. Key competitive factors in the industry include R&D capabilities, product quality, the ability to meet downstream industry technological iteration demands and trends, as well as providing timely and effective customer support.

According to data from CIC Consulting, based on 2025 revenue, the company ranked (i) fourth in the global optical sensor market with a market share of 3.7%; (ii) third in the global smart audio amplifier chip market with a market share of 6.1%; (iii) third in the global LRA driver chip market with a market share of 3.8%; (iv) third in the global 3D ToF image sensor market with a market share of 1.1%; and (v) eighth in the global smart imaging chip market with a market share of 1.9%.

Financial Information

Revenue:

For the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately RMB 242 million, RMB 667 million, and RMB 855 million, respectively.

Profit:

For the fiscal years 2023, 2024, and 2025, the company recorded net profits of approximately -RMB 110 million, RMB 9.734 million, and RMB 26.49 million, respectively.

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Gross Profit Margin:

For the fiscal years 2023, 2024, and 2025, the company’s gross profit margins were 23.6%, 23.4%, and 24.3%, respectively.

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Industry Overview

Analog chips refer to chips that process continuous real-world signals such as light, sound, current, and temperature, converting them into electronic signals usable by electronic systems. The analog chip market encompasses a wide range of product categories with significant differences in technical requirements, application scenarios, and functional characteristics. Among these, intelligent perception chips, machine vision sensors, and smart imaging chips belong to application-driven niche markets.

According to CIC灼识咨询, the global analog chip market is expected to reach USD 86.5 billion by 2025 and grow to USD 111.3 billion by 2030, with a compound annual growth rate (CAGR) of 6.1% from 2026 to 2030. In terms of revenue, smart sensing chips, machine vision sensors, and intelligent imaging chips accounted for 13.4%, 1.9%, and 0.9% of the global analog chip market in 2025, respectively, and are projected to reach 12.9%, 1.7%, and 1.2% by 2030.

According to CIC灼识咨询, the global smart sensing chip market size is expected to be USD 11.6 billion in 2025 and increase to USD 14.3 billion by 2030. China represents one of the largest markets in the global smart sensing chip industry, accounting for approximately 40% of the global market based on 2025 revenue.

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In terms of revenue, the global optical sensor market size is anticipated to grow from USD 1.033 billion in 2025 to USD 1.181 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.0% from 2026 to 2030. Smart devices such as smartphones, TWS earbuds, and tablets are the primary downstream application scenarios for optical sensors, accounting for 65%, 14%, and 8% of the global optical sensor market in 2025, respectively, with these proportions expected to remain largely stable through 2030.

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In terms of revenue, the global intelligent audio amplifier chip market size is expected to increase from USD 873 million in 2025 to USD 994 million by 2030, with a compound annual growth rate (CAGR) of 4.7% from 2026 to 2030. Smart devices such as smartphones, tablets, and laptops are the main downstream application scenarios for intelligent audio amplifier chips, representing 55%, 14%, and 12% of the global intelligent audio amplifier chip market in 2025, respectively, with these shares expected to remain roughly stable through 2030.

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In the future, the potential market for LRA driver chips is expected to expand from high-end flagship smartphones and gaming controllers to entry-level smartphones, TWS earphones, smartwatches, AR/VR headsets and controllers, and even drone remote controls.

According to CIC灼识咨询, in terms of revenue, the global LRA driver chip market size is expected to grow from USD 201 million in 2024 to USD 245 million by 2030, with a compound annual growth rate (CAGR) of 7.3% from 2026 to 2030. Smart devices such as smartphones, tablets, and gaming consoles are the main downstream application scenarios for LRA driver chips, accounting for 80%, 9%, and 5% of the global LRA driver chip market in 2025, respectively, and projected to represent 74%, 9%, and 8% by 2030.

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Board of Directors Information

The board of directors consists of nine members, including four executive directors, two non-executive directors, and three independent non-executive directors.

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Equity Structure

As of April 20, 2026, Mr. Liu directly owns 20.56% of the company. Additionally, Mr. Liu serves as the general partner of the share incentive platforms Juxinwei Enterprise, Zhijuhuixin, Zhikejuxin, Zhituojuxin, and Wuhan Zhixin (collectively referred to as the 'share incentive platforms'), which collectively hold 21.38% of the total shares.

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Intermediary team

Joint Sponsors: Haitong International Capital Limited, CITIC Securities (Hong Kong) Limited

Company Legal Counsel: Regarding Hong Kong and U.S. law: Sidley Austin LLP; regarding Chinese law: Yingke Law Firm; regarding Chinese intellectual property law: Beijing DHH (Shenzhen) Law Firm; regarding Dutch law: Houthoff Coöperatief U.A.; regarding international sanctions law: King & Wood Mallesons

Legal Counsel to the Joint Sponsors: Regarding Hong Kong and U.S. law: Norton Rose Fulbright Hong Kong; regarding Chinese law: Jiayuan Law Firm

Reporting Accountant and Auditor: Deloitte • Guan Huang Chen Fang Certified Public Accountants

Industry Advisor: CIC灼识行业咨询有限公司

The translation is provided by third-party software.


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