China Resources Microelectronics Limited (CRMICRO, stock code: 688396) is a high-tech enterprise under China Resources Group responsible for the investment, development, and operation management of the microelectronics business.
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In 1987, China Resources Microelectronics (Holdings) was established to be in charge of the microelectronics business of China Resources Group, and Hong Kong Huake Electronics was injected into it.
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In 1999, China Resources Microelectronics established Wuxi Huapin Shanghua Semiconductor Company, pioneering the wafer foundry model on the Chinese mainland.
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In 2001, China Resources Microelectronics established China Resources Sike Microelectronics Co., Ltd., establishing the company's microelectronics design business.
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In 2002, China Resources Group completed the overall acquisition of Huajing Electronics Group and renamed it "Wuxi China Resources Microelectronics Co., Ltd.".
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In 2003, China Resources Microelectronics established Wuxi China Resources Ansheng Technology Co., Ltd., expanding the company's packaging and testing business and establishing a 6-inch wafer production line.
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In 2006, China Resources Microelectronics (Holdings) injected Shanghua Technology and was renamed China Resources Microelectronics.
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In 2009, China Resources Microelectronics established an 8-inch wafer production line.
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In 2017, China Resources Microelectronics acquired the former AVIC (Chongqing) Microelectronics Co., Ltd. and renamed it China Resources Microelectronics (Chongqing) Co., Ltd. In the same year, it established China Resources Microelectronics Holdings Co., Ltd. in Shanghai, the birth of the Chinese holding headquarters.
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In 2018, China Resources Microelectronics established Xinqing Microelectronics (Chongqing) Co., Ltd., engaged in panel-level packaging business.
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In 2019, China Resources Microelectronics successfully passed the listing review on the Sci-tech Innovation Board. In the same year, it established Runke Microelectronics Fund and completed the first-phase signing, and acquired a 35% stake in Jiequn Electronic Technology (Dongguan) Co., Ltd.
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On February 27, 2020, China Resources Microelectronics was listed, becoming the first red-chip stock in China.
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In 2021, China Resources Microelectronics completed a 5-billion-yuan private placement project and established a packaging and testing base.
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In 2022, China Resources Microelectronics constructed a 12-inch production line and acquired a controlling stake in Runxin Microelectronics (Dalian) Co., Ltd.
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In 2023, China Resources Microelectronics acquired a controlling stake in Nanjing Xinnaite Semiconductor Co., Ltd.
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In 2024, the high-end mask production line of China Resources Microelectronics was put into operation, and the 12-inch characteristic power integrated circuit manufacturing production line in Shenzhen was connected.
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Business Segments: The company's main business can be divided into two major business segments: products and solutions, and manufacturing and services. The products and solutions business segment focuses on power semiconductors, analog-digital hybrids, intelligent sensors, and intelligent control. The manufacturing and services business mainly provides semiconductor open wafer manufacturing, packaging and testing services, and also provides mask manufacturing services.
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Industrial Layout: China Resources Microelectronics adheres to the layout of "Yangtze River Delta + Chengdu-Chongqing Twin Cities + Greater Bay Area", combining regional, market, and application advantages to optimize resource allocation. Its business scope covers Wuxi, Shanghai, Chongqing, Hong Kong, Dongguan, Shenzhen, and other places.
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Product Portfolio: The Integrated Circuit Business Group (ICBG) of the company is responsible for the design and development of power ICs, intelligent sensors, intelligent controls, and system applications. It has multiple independent brands such as Sike, Siwei, and Huaban, and its products are widely used in home appliances, small household appliances, energy-saving lighting, and other fields. The Power Device Business Group (PDBG) is responsible for the design, R & D, manufacturing, and sales services of power devices. It has three power device independent brands, CRMICRO, Huajing, and IPS, and its products include SGT and trench MOS, planar MOS, IGBT, and other types. It also deeply deploys third-generation power semiconductor devices based on GaN and SiC materials.
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Business Model: The products and solutions business segment mainly adopts the IDM (Integrated Device Manufacturer) business model, which includes all or main business links such as chip design, mask manufacturing, wafer manufacturing, and packaging testing. The manufacturing and services segment provides professional services to domestic and foreign semiconductor enterprises, mainly through direct sales.
In 2024, China Resources Microelectronics achieved an operating revenue of 10.119 billion yuan, a year-on-year increase of 2.2%; the net profit attributable to the parent company's owners was 776 million yuan, a year-on-year decrease of 47.55%; and the basic earnings per share was 0.59 yuan.
China Resources Microelectronics has won honors such as the National Contract-observing and Creditworthy Enterprise, the Advanced Enterprise in Fulfilling Social Responsibilities, and the "Best Capital Market Communication Award" of the 7th China Excellence IR.
China Resources Microelectronics aims to become a world-leading supplier of power semiconductor and intelligent sensor products and solutions.
