First day of the IPO | Jinghe Integrated (02249) first listed in early trading and opened 11.46% higher. The company is the third largest foundry company in mainland China

The Zhitong Finance App learned that Jinghe Integrated (02249) was first listed. According to the announcement, each share was priced at HK$32.3, and a total of 216 million shares were issued, with 100 shares per lot, with a net proceeds of about HK$6.779 billion. As of press release, it rose 11.46% to HK$36, with a turnover of HK$755 million.

According to the prospectus, Crystal Integration is a leading 12-inch pure wafer foundry and is at a key link in the global semiconductor value chain. As a professional foundry service provider, foundry companies make high-quality processed wafers on a large scale from wafer-free, light-wafer and vertically integrated manufacturing (IDM) companies' integrated circuit design blueprints.

Crystal integration's ability to combine differentiated process technology with stable manufacturing scale strengthens the company's position in the global foundry field. According to Frost & Sullivan, from 2020 to 2025, among the top ten global foundry companies, the company's production capacity and revenue growth rate was the highest in the world. According to the same source, in 2025, in terms of revenue, the company was the ninth largest in the world and the third largest foundry in mainland China.