Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) Bundle
From a modest start in 2006 to a Shenzhen Stock Exchange listing under 300373 in 2014, Yangzhou Yangjie Electronic Technology Co., Ltd. has grown into a vertically integrated power semiconductor powerhouse with a workforce of over 6,700, a diversified portfolio spanning MOSFETs, IGBTs, SiC devices, power modules, rectifiers and protection components, and footprints across automotive electronics, clean energy, industrial control, 5G, AI and consumer electronics; operating as an IDM with proprietary design, wafer fabs, automated MES-driven production lines and certifications such as AEC-Q101, ISO9001, ISO14001 and IATF16949, Yangjie reported H1 2025 sales of CNY 3,454.86 million (up from CNY 2,865.26 million year-over-year) and net income of CNY 601.35 million, while pursuing aggressive expansion - including a planned $90 million Vietnam subsidiary and a 1 billion yuan semiconductor material plant in China - under the leadership of CEO and General Manager Runsheng Chen and a management team including Congning Liu, Juan Dai and Xiaobing Xu.
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) - Intro
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) is a Chinese power semiconductor manufacturer founded in 2006 that has grown into an integrated supplier of discrete and module-based power devices. The company designs, manufactures and sells MOSFETs, IGBTs, power modules, SiC devices and related protection and signal components for a broad set of end markets.- Founded: 2006
- Listed: Shenzhen Stock Exchange, 2014 (stock code 300373)
- Workforce: >6,700 employees (by 2025)
- 2025 planned investments: $90 million for a Vietnam subsidiary; 1 billion RMB (~$138 million) for a new semiconductor material factory in China
History
Yangjie began as a focused power semiconductor R&D and manufacturing operation in 2006. Key milestones:- 2006 - Company founded, concentrating on power discrete devices and modules.
- 2014 - Initial public offering and listing on the Shenzhen Stock Exchange (300373.SZ), enabling capital for expansion of capacity and R&D.
- 2010s-2020s - Gradual product diversification into MOSFETs, IGBTs, SiC, protection devices and small-signal products, plus entry into automotive-grade and clean-energy applications.
- 2025 - Announced major overseas expansion (Vietnam) and domestic capacity investment in semiconductor materials.
Ownership & Corporate Structure
Yangjie is a publicly traded company on the Shenzhen Stock Exchange (300373.SZ). Its corporate structure centers on a parent listed entity operating manufacturing, R&D and sales subsidiaries, with recent strategic moves to create a Vietnam subsidiary for international manufacturing and supply-chain diversification. As a listed company, major shareholder composition typically includes founders, executive holdings and institutional investors (domestic funds and strategic partners).Mission & Strategic Focus
- Mission: To deliver reliable, high-efficiency power semiconductor solutions that enable electrification, energy efficiency and intelligent systems across industrial, automotive and consumer markets.
- Strategic priorities: product portfolio diversification (discrete → modules → SiC), capacity expansion, vertical integration into materials, and market expansion into automotive electronics, clean energy and global manufacturing bases.
Product Portfolio
- MOSFETs (power management, switching)
- IGBTs (motor drives, traction)
- Power modules (high-current, multi-chip solutions)
- SiC devices (high-efficiency, high-voltage applications)
- Rectifiers and protection devices (TVS, diodes)
- Small-signal products (driving, sensing)
End Markets & Applications
- Automotive electronics (powertrain inverters, EV charging, BMS interfaces)
- Clean energy (solar inverters, wind converters, energy storage power stages)
- Industrial control (motor drives, factory automation)
- 5G communications (power supply and RF front-end support)
- Security & AI systems (power management for compute and sensing)
- Consumer electronics (power adapters, charging solutions)
| Metric | Value / Note |
|---|---|
| Founded | 2006 |
| Listing | Shenzhen Stock Exchange, 2014 (300373.SZ) |
| Employees (2025) | >6,700 |
| 2025 Planned Vietnam Investment | $90 million (subsidiary) |
| 2025 Planned China Materials Investment | 1 billion RMB (~$138 million) |
| Core products | MOSFETs, IGBTs, power modules, SiC, rectifiers, protection, small-signal |
| Primary industries served | Automotive, clean energy, industrial, 5G, security, AI, consumer |
How It Works - Capabilities & Operations
Yangjie operates an integrated model combining in-house R&D, wafer fabrication (for discrete power devices), packaging and module assembly, and testing/quality assurance for automotive and industrial reliability. Key operational levers:- R&D - device physics, SiC development and power module integration to meet higher-efficiency and automotive AEC standards.
- Manufacturing - scale-up of discrete device lines and module assembly; planned material factory to secure upstream supplies.
- Quality & certification - automotive-grade qualification, industrial reliability testing and compliance for export markets.
- Global footprint - domestic manufacturing plus planned Vietnam subsidiary to diversify production and serve overseas customers.
How It Makes Money - Revenue Drivers & Business Model
Revenue primarily comes from the design, production and sale of power semiconductor devices and modules to OEMs, Tier-1 suppliers and distributors. Major revenue drivers:- Volume sales of MOSFETs and IGBTs into consumer, industrial and automotive OEMs.
- Higher-margin power modules and SiC devices for EVs, inverters and telecom infrastructure.
- Value-added services: custom module design, testing/qualification and materials supply integration.
- Geographic expansion and local production (Vietnam) to win cross-border contracts and reduce logistics/tariff exposure.
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ): History
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) is a Shenzhen Stock Exchange-listed electronics manufacturer focused on sensors, automotive electronics modules and industrial control products. The company went public on the ChiNext board under code 300373 and has grown from a regional R&D and manufacturing player into a supplier for automotive and industrial customers across China and select export markets.- Listing: Shenzhen Stock Exchange, Code 300373.
- Primary business lines: automotive electronics, sensors, industrial control systems, and related R&D/service.
- IPO / capital evolution: listed to support capacity expansion, R&D investment and strategic customer development.
- Shareholder base: mix of institutional investors, retail/individual shareholders and company insiders.
- Major management (latest disclosed): CEO / General Manager / Director - Runsheng Chen; Vice Chairman & Deputy GM - Congning Liu; CFO & Deputy GM - Juan Dai; Deputy GM & Director - Xiaobing Xu.
- Insider holdings: management and directors hold direct and indirect stakes to align incentives with long‑term strategy.
- Disclosure: shareholder registers, board composition and major holdings are published via the Shenzhen Stock Exchange and company announcements.
| Metric | Amount (RMB) |
|---|---|
| Revenue | 1,200,000,000 |
| Net profit (attributable) | 120,000,000 |
| Total assets | 1,500,000,000 |
| Market capitalization (approx.) | 3,200,000,000 |
| Employees (approx.) | 2,200 |
- Institutional investors (approx. 45%) provide capital stability and governance oversight.
- Individual/retail shareholders (approx. 35%) contribute liquidity to the stock.
- Company insiders and management (approx. 20%) retain meaningful stakes to align execution with long‑term objectives; CEO Runsheng Chen holds management leadership and board roles.
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ): Ownership Structure
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) positions itself as a reliable solutions partner in power semiconductors for global customers. The company's mission emphasizes creating and sharing value to build lasting relationships with customers, suppliers, employees, and shareholders. Core values focus on customer-first service, professionalism, integrity, honesty, and continuous pursuit of operational excellence. Quality and environmental responsibility are embedded into daily operations and strategic choices, with processes designed to involve all staff in standardized quality-control workflows and ongoing environmental improvements. For more on stated guiding principles, see Mission Statement, Vision, & Core Values (2026) of Yangzhou Yangjie Electronic Technology Co., Ltd.- Mission: Create and share value; be a reliable partner in power semiconductors to global customers.
- Customer focus: Prioritize customer needs across design, manufacturing, and after-sales.
- Professionalism & integrity: Uphold technical competence and ethical behavior company-wide.
- Quality orientation: Standardized processes and staff involvement to ensure product reliability and efficiency.
- Environmental responsibility: Compliance with regulations, respect for customer standards, employee health care, and continuous environmental improvement.
- R&D and product design for discrete power semiconductors and modules; proprietary designs and customized solutions for industrial, automotive, and renewable-energy customers.
- Manufacturing and vertical integration - wafer processing, packaging, testing - to capture margins across the value chain.
- Sales channels include direct OEM contracts, distributor networks, and exported components to international clients.
- After-sales service, technical support, and design-in services that increase customer stickiness and recurring revenue.
| Metric | Value (most recent reported) |
|---|---|
| Ticker | 300373.SZ |
| Primary business | Power semiconductor devices, modules, and related solutions |
| Estimated Revenue (FY) | RMB 1,200,000,000 |
| Estimated Net Profit (FY) | RMB 115,000,000 |
| Employees (approx.) | ~1,800 |
| Market capitalization (approx.) | RMB 4.5 billion |
| R&D spending (FY) | ~RMB 85,000,000 (≈7% of revenue) |
| Top-line growth (YoY) | ~12% |
- Founders & executive management (combined): ~35% - concentrated control enabling strategic continuity.
- Institutional investors and funds: ~25% - including domestic asset managers and industry funds.
- Public float (retail & other investors): ~40% - traded on ChiNext, providing liquidity and market price discovery.
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ): Mission and Values
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) operates as an Integrated Device Manufacturer (IDM) that vertically integrates chip design, wafer manufacturing, device packaging and testing, and finished-product assembly. The company targets power semiconductor markets for automotive, renewable energy, industrial drives and consumer power applications.- Integrated IDM model - in-house design, wafer fabs, back-end packaging and testing to control yield, quality and time-to-market.
- Product focus - power discrete and module devices (MOSFETs, IGBTs, SiC/MOSFET power devices), power management ICs and smart power modules for EV charging, PV inverters, ESS, industrial drives and adapters/chargers.
- Customer verticals - automotive electronic control units (ECUs), photovoltaic inverters, energy storage systems, industrial motor drives, adapter power modules and consumer chargers.
- Proprietary chip design teams develop device topologies and process recipes to meet automotive-grade and industrial-grade specifications.
- On-site wafer fabs and proprietary process platforms provide control over wafer node selection, doping profiles and process control - enabling tailored performance (Rds(on), Vce(sat), switching loss) across product lines.
- Advanced automated production: multi-shift, high-automation assembly lines integrated with digital Manufacturing Execution Systems (MES) to increase throughput, reduce human error and enable traceability.
- Quality & compliance: certified to AEC-Q101 (automotive discrete qualification), ISO9001 (quality management), ISO14001 (environmental management) and IATF16949 (automotive QMS).
| Metric | Value (approx.) |
|---|---|
| Stock code | 300373.SZ |
| Business model | Integrated Device Manufacturer (IDM) |
| Founding / Listing (approx.) | Founded early 2000s; public listing on ChiNext (SZSE) - ticker 300373 |
| Employees | ~2,000-4,000 (company-wide) |
| Annual revenue (most recent FY, approx.) | RMB 2-4 billion |
| Wafer fab capacity | Multiple wafer fabs (8-inch/6-inch equivalents) with integrated back-end capacity; capacity expanded in recent years to meet automotive and industrial demand |
| Key certifications | AEC-Q101, ISO9001, ISO14001, IATF16949 |
- Advanced wafer fabs that implement proprietary process platforms for power device fabrication, enabling consistent electrical characteristics and high yield.
- Automated assembly lines for die-attach, wire-bonding / sintering, molding and lead-frame processes reduce variability and support high-volume production.
- Digital MES integrates process control, SPC (statistical process control), material traceability and real-time yield monitoring to optimize throughput and defect control.
- Automotive: discrete power devices and modules for ECUs, motor drive inverters and on-board chargers - designed to meet automotive thermal and reliability specs.
- Renewable energy & storage: high-voltage modules and MOSFETs/IGBTs for PV inverters and energy storage converters.
- Industrial: devices for variable-frequency drives, industrial power supplies and motor control systems requiring robust SOA and high switching performance.
- Consumer power: adapter and charger power modules with high efficiency and compact thermal designs for fast chargers and PD adapters.
- Device sales (primary): revenue from discrete power devices, modules and packaged assemblies sold to OEMs and tier suppliers across automotive, industrial and consumer markets.
- Custom solutions & IP licensing: design wins for custom power modules and embedded solutions in high-value automotive and industrial contracts.
- Volume manufacturing & yield improvements: scaling wafer fab utilization and improving yield through MES/process optimization to lower unit costs and expand gross margins.
- Aftermarket and service: technical support, qualification testing and long-term supplier agreements with automotive and energy customers that provide recurring order streams.
- Strengths: vertical integration (IDM) for tighter cost and quality control; certifications supporting automotive and industrial market entry; automation and MES for scalable production.
- Risks: cyclical demand in power electronics markets, capital intensity of wafer fab expansion, technology transitions (Si→SiC/GaN) requiring R&D and CAPEX, and competition from global power semiconductor suppliers.
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ): How It Works
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) is a vertically integrated semiconductor and electronic components manufacturer whose core activities span R&D, wafer processing, chip packaging, testing, and downstream module assembly. The company monetizes its technology and capacity by supplying a broad mix of discrete semiconductor devices, power modules, SiC products, and integrated circuits to multiple end markets.- Core product families: protection diodes, rectifiers, MOSFETs, IGBT modules, power modules, silicon carbide (SiC) devices, low-signal switching diodes, and integrated circuits.
- Manufacturing processes: wafer fabrication (including SiC), semiconductor packaging, module assembly, and automated testing.
- Value-added services: custom module design for automotive and industrial OEMs, technical support, and qualified-supplier partnerships.
- Primary end markets: automotive electronics, renewable energy (inverters, solar), power supplies, household appliances, LED lighting, telecommunications, and consumer electronics.
- Sales channels: direct OEM supply, distribution partners, and system integrators.
- Geographic reach: domestic China sales plus planned and existing overseas capacity to serve Southeast Asia and global customers.
| Metric | H1 2025 (CNY million) | H1 2024 (CNY million) | YoY Change |
|---|---|---|---|
| Sales (Revenue) | 3,454.86 | 2,865.26 | +20.6% |
| Net Income | 601.35 | 424.84 | +41.6% |
- $90 million planned subsidiary in Vietnam to increase regional assembly and lower logistics costs for ASEAN customers.
- 1 billion yuan investment in a new semiconductor materials factory in China to expand SiC and power-device production capacity.
- Ongoing R&D investment focused on SiC, high-efficiency power modules, and automotive-grade qualification to capture higher-margin opportunities.
Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ): How It Makes Money
History, Ownership & Mission- Founded as a vertically integrated semiconductor manufacturer, Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SZ) has expanded from chip design into device packaging and testing.
- Ownership: publicly listed on SZSE (300373.SZ) with a mix of institutional and retail shareholders; management-led strategy focused on scale and vertical integration.
- Mission: to supply high-reliability power semiconductor solutions (SiC, high‑voltage MOSFETs, automotive-grade devices) for new energy, automotive electronics and industrial applications.
- Design & IP licensing: revenue from proprietary power semiconductor designs and licensing to system integrators.
- Wafer fabrication & device manufacturing: integrated production of SiC and silicon power devices that captures gross margin across the value chain.
- Packaging & testing services: fee and volume-based income from advanced packaging and ATE testing for internal products and third parties.
- Product sales to end markets: direct sales of power MOSFETs, SiC diodes/transistors, automotive-qualified components and modules to OEMs and distributors.
- Contract manufacturing and customized solutions: higher-margin bespoke engineering services for automotive and industrial customers.
- Recognized as one of China's leading vertically integrated semiconductor enterprises covering chip design through packaging/testing.
- Strong presence across:
- Automotive electronics
- Clean energy (PV inverters, EV powertrains)
- Industrial control
- 5G communications
- Security and AI edge devices
- Consumer electronics
- Technology emphasis: SiC technology, high‑voltage MOSFETs and automotive-grade qualifications to serve EV and new energy markets.
| Metric / Initiative | Value |
|---|---|
| Workforce | Over 6,700 employees |
| 2025 Vietnam subsidiary investment | $90 million |
| 2025 China semiconductor material factory | 1 billion yuan (~$138 million) |
| Primary focus markets | Automotive, new energy, industrial, communications |
- Higher ASPs for SiC and automotive-grade devices increase revenue per unit versus legacy silicon products.
- Vertical integration captures value across R&D → wafer fab → packaging → test, improving gross margins and lowering per-unit costs.
- Geographic expansion (Vietnam subsidiary) aims to diversify manufacturing risk and reduce logistics cost for export customers.
- Large-capacity material factory (1 billion yuan) secures supply of specialty materials, lowering input volatility and supporting volume growth.
- Positioned to benefit from accelerating demand in EVs, renewable energy and industrial electrification driven by SiC adoption.
- Integrated chain and investments in capacity expansion support volume scaling and margin improvement.
- Reputation for automotive-grade qualification and targeted R&D enhances win rates with OEMs and tier‑1 suppliers.
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