By Li Panpan

Chinese IDM manufacturer Yangjie Electronic Technology(扬杰科技) said its application for issuing global depositary receipts(GDR) and listing on the Swiss Stock Exchange has been accepted by the China Securities Regulatory Commission on December 6, reported JW Insights.

Founded in 2000 in Yangzhou, eastern China’s Jiangsu Province, and listed on the Shenzhen Stock Exchange in January 2014, Yangjie Electronic Technology is an IDM manufacturer focusing on discrete semiconductor chip design and production, packaging, and testing.

In the first three quarters of 2022, the firm achieved revenue of RMB4.418 billion ($635.47 million), a year-on-year increase of 36.32%, and RMB928 million ($133.48 million) net profit attributable to shareholders of listed companies, a year-on-year increase of 64.30%.

In June this year, Yangjie acquired 40% of the equities of CWSTC, a sensor and semiconductor equipment maker based in Changsha of southern China's Hunan Province, becoming its largest shareholder.