The Zhitong Finance App learned that “storage+computing+simulation” chip provider Junzheng Co., Ltd. (03223) offered shares from August 17, 2026 to August 20, 2026, and has recently closed its offering. According to market information, as of 11:00 a.m. on August 20, Junzheng Co., Ltd. had received a margin loan of HK$222.01 billion from the brokerage firm, which had overbought 689.3 times the amount of capital raised from the public sale of HK$322 million.
Junzheng Co., Ltd. plans to sell 31.287 million H shares, of which public sale accounts for about 10%, placement accounts for about 90%, and 15% over-allotment rights. The maximum sale price per share is HK$102.8, 100 shares per lot, and the first lot entry fee is HK$10,383.7. The company is expected to be listed on the Hong Kong Stock Exchange on August 25 (Tuesday), with Cathay Pacific Junan International as its sole sponsor.
According to the prospectus, Junzheng Co., Ltd. is a “storage+computing+simulation” chip provider. The company's products are widely used in automotive electronics, industrial medical applications, and AIoT and intelligent security equipment. The company has developed memory chips (including DRAM, SRAM, NOR Flash and NAND Flash) mainly used in automotive electronics and industrial medicine, computing chips for AIoT and security, and analog chips (including LED driver chips and combo chips) for automotive electronics, industry and home appliances. The company's products meet automotive and industrial standards, and have the characteristics of high quality, high reliability, low energy consumption and long product life. In the first quarter of 2026, memory chips, computing chips, and analog chips accounted for 65.3%, 25.8%, and 8.5% of the company's revenue, respectively.
In 2023, 2024 and 2025, and for the three months ended March 31, 2026, the company's R&D expenses were RMB708.3 million, RMB 681.3 million, RMB 712 million and RMB 171.9 million respectively, accounting for 15.6%, 16.2%, 15.0% and 11.0% of the company's total revenue for the corresponding year/period, respectively.
The company has signed cornerstone investment agreements with Emerald Prime, Guangfa Fund, Perseverance Asset Management, Shanghai Gao Yi and Huatai Capital Investment (related to Huatai's back-to-back total return swap and Huatai customer total return swap), Singapore Huaqin, ICBC Wealth Management, Arrow Target (Hong Kong), Singularity Asset, Heading Pioneer 10 Fund LPF, and Dream'ee HK Fund. Based on this, Cornerstone Investors have agreed to Subject to compliance with certain conditions, the total amount of shares to be purchased is approximately US$192 million by subscribing to the relevant number of shares to be purchased at the offering price or inducing its designated entity to subscribe for the relevant number of shares to be purchased (down to the nearest 100 H shares per lot).