Passing I2000 million net profit of chip enterprise can IPO, ie report and approve

A few days ago sources disclosed that the China Securities Regulatory Commission has opened a window to guide the IC market listing model or will open the quasi-registration model: There is no problem with corporate governance, financial fraud, and the company's three-year profit threshold has been reduced to 20 million yuan. Even before this, although the integrated circuit industry has flooded with huge amounts of capital, the road to listing has not yet fully opened up. For example, in the three years since the launch of the National Integrated Circuit Industry Fund, no semiconductor overseas return project has been launched.

At the beginning of this year, Chen Datong, founding partner of Huashan Capital, delivered a speech saying that the National IC Fund promoted the semiconductor industry significantly and exceeded expectations. However, due to the immature domestic capital market, the domestic stock market is totally different from the US and European stock markets, and there are many Strict regulations, such as the actual controller can not be changed, the PE provides the upper limit, etc. And all these requirements are not available abroad. 'We sort out the conditions and find it almost impossible to satisfy these conditions at the same time.'

If this new government lands, it will inevitably greatly accelerate the speed of ICs to be listed. The market for IC investment and financing will be activated and the attraction for overseas IC projects will be increased.

Today's IC market suffered a heavy penalty when ZTE was heavily penalized. The counter-trend rose and multi-day daily limit was maintained. Under policy blessings and strong import substitution expectations, ICs and related sectors continued to rise. Only in March, the chip concept, The IC and semiconductor and component stocks both rose by more than 10%.

Under the trade friction between China and the United States, the IC industry has ushered in a number of policy dividends. Recently, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the “Circular on Issues Concerning Corporate Income Tax Policies on Integrated Circuit Manufacturing Enterprises”. , Regulations that meet the relevant conditions of integrated circuit manufacturing enterprises, can enjoy the "five exemptions 50%" corporate income tax. Related preferential policies from January 1, 2018 to implement.

According to the investment agency, 20 million can be immediately reported for chip companies. This is the best policy for leaving technology companies listed on the domestic market. If it is window guidance, it will be the best window guidance ever and the province will be able to Reissue CDR (Chinese depository receipt) to return A shares.