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09971半導體2026-07-08 · Listed

BASiC Semiconductor Ltd.

基本半導體(深圳)

💡 定價範圍HK$27.49–31.62,取中位數

Offer Price

HK$29.56

Market Cap

HK$89.9B

Listing Date

2026-07-08

Sector

半導體

📊 Valuation Analysis

P/S ratio

26.9x

偏高 — 溢價上市

半導體 sector P/S benchmark: 10x – 18x

Revenue growth (YoY)

4.1%

Gross margin

-10.9%

Net margin

-107.7%

Profitability

Loss-making

Fair value range by sector P/S benchmark: HK$11.00 – HK$19.80

💰 Financial Summary (FY2025)

Revenue

RMB3.11B

Prior revenue

RMB2.99B

Gross profit

RMB-0.34B

Net profit

RMB-3.35B

Figures in RMB (some companies converted from their prospectus reporting currency — see notes below).

📝 Key Notes

18C章特專科技。碳化硅功率半導體IDM。FY2025收入3.11億人民幣,毛損3,386萬(負毛利率10.9%),淨虧損3.35億。大規模研發投入中。數據待補:總股數、NAV。

🏢 Company Overview

基本半導體(深圳)股份有限公司,中國領先的碳化硅(SiC)功率半導體IDM企業,覆蓋SiC晶圓製造、芯片設計及模塊封裝全產業鏈。核心產品包括SiC MOSFET(650V/1200V/1700V)、SiC肖特基二極管(SBD)及車規級SiC功率模塊,廣泛應用於新能源汽車(主驅逆變器、車載充電機)、光伏逆變器、工業電源及數據中心等場景。公司擁有國內首條6吋車規級SiC晶圓產線,已進入比亞迪、蔚來、小鵬等新能源車企的供應鏈。

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⚠️ For educational reference only and not investment advice. IPO pricing, listing dates and financial data are subject to change — always refer to HKEX announcements and the prospectus. Investing involves risk.