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JUMBO SHEEN
INVESTMENT
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Updates on Invested Projects
On April 21, SJSEMI was officially listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange (Stock Code: 688820). Jumbo Sheen Fund, the core investment platform under Jumbo Sheen Group, was invited to attend the listing bell-ringing ceremony. Ms. Wang Jun, Director and President of the Group, and Ms. Yao Lianni, Vice President, attended on behalf of the group to witness this milestone moment.
SJSEMI is another leading hard-tech enterprise in the core semiconductor sector invested by Jumbo Sheen Fund, with its market value exceeding 100 billion RMB. Its offering price is 19.68 yuan per share, with a price-earnings ratio of 195.62 times. The actual raised capital reaches 5.027 billion yuan, representing an oversubscription of 4.73%. Jumbo Sheen Fund participated in the C+ round financing of SJSEMI in 2023. As of press time, SJSEMI boasts a market value of nearly 150 billion yuan, achieving a 10-fold value increase compared with the time of investment. This fully demonstrates Jumbo Sheen Fund’s precise insight and forward-looking layout capability in national strategic emerging industries.
SJSEMI is a world-leading enterprise in advanced wafer-level packaging and testing of integrated circuits. It provides full-process advanced packaging and testing services including Wafer Level Packaging (WLP) and Chiplet multi-chip integrated packaging. Committed to supporting high-performance chips such as GPUs, CPUs and artificial intelligence chips, the company adopts the heterogeneous integration approach of More than Moore to achieve comprehensive performance improvement in high computing power, high bandwidth and low power consumption.
SJSEMI is one of the earliest enterprises in mainland China to achieve mass production of 12-inch Bumping, as well as the first provider of 14nm advanced process Bumping services. In the field of 2.5D integration, SJSEMI ranks among the earliest and largest mass-production enterprises in mainland China, with no technological gap compared with the world’s leading peers. According to statistics from China Insights Consultancy, SJSEMI claimed the No.1 position in 2.5D business revenue across mainland China in 2024, holding an approximate market share of 85%.
Since 2019, Jumbo Sheen Fund has made forward-looking arrangements in the semiconductor sector. To date, it has invested in 8 semiconductor projects, with portfolio companies covering the entire upstream, midstream and downstream of the industrial chain.
Upstream materials: ESWIN Materials
Midstream: CXMT (memory manufacturing), Biren Technology, Black Sesame Technologies, ESWIN Computing (chip design), BOE
Downstream packaging and testing: SJSEMI
Application layer: Nanjing Kuanneng
Spanning materials, design, manufacturing, packaging and testing, Jumbo Sheen Fund has achieved systematic coverage of the entire semiconductor industrial chain. The firm firmly accompanies invested enterprises through industrial cycles and supports their sustained growth.
The core members of the Jumbo Sheen Fund team boast profound industrial backgrounds and extensive investment experience. They have long kept track of global technological evolution and the progress of domestic substitution, and established a systematic framework for industry research and project evaluation. Relying on such professional research capabilities, the team is able to accurately identify high-quality targets in the early stage of the industry, make decisive heavy investments at critical junctures, and ultimately achieve excess returns.
As an important investment portfolio of Jumbo Sheen Fund in the advanced semiconductor packaging sector, SJSEMI has achieved leaping growth in technological R&D, capacity expansion and market development, which we have witnessed all along.
Warm congratulations to SJSEMI on its listing on the STAR Market! We expect the company to take this listing as a new starting point, continue to lead domestic substitution, empower the high-end chip industry, and create greater achievements in the future.
At present, the total assets under management of Jumbo Sheen Fund at home and abroad exceed 20 billion RMB. Leveraging the dual advantages of its professional team and long-term capital, Jumbo Sheen Fund will keep contributing to the high-quality development of China’s semiconductor industry.
Jumbo Sheen Fund
Source of information: Investment Bank Voice
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