The new generation of domestic leading enterprises, receiving over 200 million in investment.

Xinsheng Semiconductor was established in March 2021 and is a high - tech enterprise supported by the state. In terms of business, it focuses on the design and sales of various filters. Its products cover types such as BAW, SAW, TC - SAW, TF - SAW, and IPD. It can provide a full range of products from filters, duplexers, multiplexers to modules, covering the entire frequency band below 6GHz.

Recently, Shenzhen Xinsheng Semiconductor Co., Ltd. (hereinafter referred to as "Xinsheng Semiconductor"), a domestic filter R & D and manufacturer, completed a Series B+ financing of 288 million yuan. This round was led by Hongtai Fund, followed by Hongsheng Capital, Tenghua Investment, Zhongshan Financial Holdings, Hefei Construction Investment Group, and Binhu Financial Investment Group.

It is worth noting that in this round of financing, Xinsheng Semiconductor introduced funds with state - owned backgrounds from multiple regions, such as Hefei Construction Investment, Binhu Financial Investment, and Zhongshan Financial Holdings.

The reporter from Venture Capital Daily noticed that on August 11th, Shiyun Circuit issued an announcement stating that it plans to use its own funds of 125 million yuan to jointly invest in Xinsheng Semiconductor through capital increase with related party Tianjin Shunke Juxin Venture Capital Fund Partnership (Limited Partnership) (hereinafter referred to as "Shunke Juxin") and non - related party Tianjin Hongsheng Jiacheng Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Hongsheng Jiacheng"). The three parties will jointly increase the capital by 269 million yuan. After the transaction is completed, Shiyun Circuit will hold 3.8238% of the equity of Xinsheng Semiconductor.

Shiyun Circuit stated in the announcement that there are two reasons for investing in Xinsheng Semiconductor: First, at the company's strategic level, it gradually makes forward - looking layouts in high - tech and high - growth niche segments of the electronic information industry, and strengthens the company's tracking and R & D of the downstream application technology innovation needs such as intelligent vehicles and AIoT (Artificial Intelligence Internet of Things). Second, in the future, it is expected to establish a deep cooperative relationship with the target company to jointly promote the popularization and application of new in - vehicle filters and modular solutions in the industry.

As of the date of the announcement, the parties to the transaction have not formally signed the agreement. The two parties plan to jointly promote the popularization and application of filter module solutions in fields such as communications and automotive electronics through cross - field technology integration and industrial chain collaboration.

The above announcement shows that the capital increase funds obtained by Xinsheng Semiconductor this time will be specifically used in fields related to its main business, including product R & D, operating expenses, and supplementing working capital. The use of funds will be strictly limited to the scope of the core business and will not be invested in non - main businesses and high - risk fields.

Regarding the above matters, the reporter from Venture Capital Daily tried to call the securities department of Shiyun Circuit on August 12th to further understand the relevant situation. However, as of the time of publication, the call was not answered.

Looking at Xinsheng Semiconductor again, the company was established in March 2021 and is a high - tech enterprise supported by the state. In terms of business, it focuses on the design and sales of various filters. Its products cover types such as BAW, SAW, TC - SAW, TF - SAW, and IPD. It can provide a full range of products from filters, duplexers, multiplexers to modules, covering the entire frequency band below 6GHz.

According to the information on its official website, the founding team of Xinsheng Semiconductor consists of several senior returnee experts with backgrounds in international large - scale enterprises. As of now, the company has applied for more than 500 intellectual property rights and has been authorized more than 160 invention patents.

According to its introduction, as of now, the company has more than 100 products in mass production. As one of the few domestic filter companies with full - stack independent design capabilities, Xinsheng Semiconductor's annual shipment of BAW filters exceeds 300 million, ranking first in the industry.

Zou Jie, the founder and CEO of Xinsheng Semiconductor, graduated from Tsinghua University with a bachelor's degree and then obtained a master's and a doctor's degree from the University of California, Berkeley. He studied under an academician of the US National Academy of Engineering and focuses on the research of MEMS acoustic resonator filters.

Information from Tianyancha shows that since its establishment, Xinsheng Semiconductor has completed a total of six rounds of financing. Among them, in September 2021, the company completed its angel - round financing; in December of the same year, it completed its Series A+ financing. In February 2023, it completed its Series A++ financing; in December of the same year, the company completed its Series B financing.

In terms of equity structure, Qingdou Xinyin (Shanghai) Enterprise Management Center (Limited Partnership) holds 17.558%; Huiyin (Shenzhen) Venture Capital Partnership (Limited Partnership) holds 13.6284%; Geyou Tongxin (Shenzhen) Venture Capital Partnership (Limited Partnership), Chongqing Yubei Hongtai Jiasheng Venture Capital Fund Partnership (Limited Partnership), and Kexin Capital Management Co., Ltd. are among the top five institutional shareholders.

Special statement: The content of this article is for reference only and does not constitute investment advice. Investors shall bear the risks on their own if they operate based on this.

This article is from the WeChat public account "Venture Capital Daily", author: Wang Chufan, published by 36Kr with authorization.