According to the Star Daily on November 20, a new Chinese unicorn enterprise in Wuxi, Jiangsu Province has embarked on its IPO journey.

According to the official website of the China Securities Regulatory Commission, on November 18, Jimxi Semiconductor Technology (Wuxi) Co., Ltd. (referred to as: Jimxi) filed for listing guidance with the Jiangsu Securities Regulatory Bureau, with the guidance institution being citic sec.

According to its official website, Jimxi was established in 2014 and is a developer of semiconductor remanufacturing equipment and polishing liquid supply systems, primarily engaged in the R&D, manufacturing, sales, and service of various semiconductor process equipment, process auxiliary equipment, and CMP consumables.

Jimxi's headquarters is located in Wuxi, with manufacturing plants distributed in Wuxi, shanghai, Yancheng, Zhangjiagang, and other locations, and offices in Peking, wuhan, and other places. The company has over 1,400 employees and a factory area of 0.165 million square meters. Its main clients include semiconductor manufacturing international corporation, HHGRACE hongli, and HLMC huanli microelectronics.

From the R&D perspective, as of now, Jimxi has a total of 181 public patent applications, including 73 invention patents. The company has provided customized equipment and process solutions of hundreds of models and specifications to over 100 domestic wafer fabs, with main equipment covering full wafer sizes of 6 inches, 8 inches, and 12 inches.

Among them, information from the National Intellectual Property Administration shows that in July of this year, Jimxi applied for a patent titled "Liquid Supply Method, Device, Electronic Equipment and Computer-readable Storage Medium." The solution provided by this application can solve the problems of previous over-supply or under-supply. At the same time, the difference between the supply and recovery amount is within a certain range, greatly reducing the error of the supply.

In terms of investors, Jimxi's chairman, Pang Jinming, directly holds 23.2% of the company's shares, while the second largest shareholder, Huikeqing, directly holds 19.69% of the company's shares. According to information from Cai Lian she Venture Capital, the Shanghai Semiconductor Equipment Material Industry Investment Fund Partnership (Limited Partnership), CETC (Nanjing) Industry Investment Fund Partnership (Limited Partnership), and citic sec's wholly-owned subsidiary, citic sec Investment Co., Ltd., are among its investors.

From the perspective of financing, from 2021 to 2023, jimxi completed five rounds of financing, with many institutions participating in the financing.

In the strategic financing in 2021, jimxi received 30 million yuan in financing from sai microelectronics inc. and zhenghai capital. In this regard, sai microelectronics inc. stated in an announcement that the purpose of this investment is to combine industrial resources and strengthen long-term cooperation and contact with upstream suppliers.

In March 2022, jimxi's A round financing received investment from sai microelectronics inc., inno angel fund, xishan venture capital, cornerstone capital and other 13 institutions; in 2023, the company received investments in its B round and B+ round financing from citic sec and citic capital.

In terms of valuation, on June 16 this year, at the 2024 China (chongqing) unicorn enterprise conference, great wall strategic consulting released the "China Unicorn Enterprise Research Report 2024". The report shows that in 2023, five unicorn enterprises, including shenghejingwei, zhonghuan leading, gmc's jimxi, and xichan weixin, emerged in wuxi, all from the integrated circuit track. Among them, gmc's jimxi is valued at 1 billion dollars.