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Jingzhida (精智达)精智达

001168Founded 2011seichitech.comReviewed 2026-08-30

Shenzhen Jingzhida (SEICHITECH), founded in 2011 and listed on the STAR Market in 2023 (688627), runs a dual strategy of AMOLED display inspection equipment and semiconductor memory test equipment. Its DRAM wafer/final-test systems are tightly bound to CXMT (长鑫存储), where it is reported as exclusive domestic supplier of HBM testers; memory test became its largest business (55.51% of main revenue) in FY2025 with revenue of RMB 1.128 billion (+40.46%).

Scale

~$156.9Mrevenue FY2025 · CNY 1.1B
~$6Bmarket cap · 2026-10-04

Gap vs frontier

—gap not quantified

Jingzhida (精智达).

Company at a glance

Scale

Revenue up 74% since FY2023

Growth prospects

Expanding customer base and product roadmap

via sse.com.cn ↗Passed STAR Market listing committee 2022-11-16; listed on SSE STAR Market (688627) in 2023via money.finance.sina.com.cn ↗Reported as exclusive domestic supplier of HBM test machines to top memory customer CXMT (长鑫存储); FT tester orders received from February 2025; CP and…

Official filings: static.sse.com.cn ↗ · static.sse.com.cn ↗ · Sina Finance — FY2025 annual report ↗

All sourced facts (9)
  • Listing status: Shanghai Stock Exchange (SSE) · 001168 · A-shares
  • Founded: 2011-05-31 in Shenzhen (Longhua district); national high-tech enterprise and national 'little giant' (专精特新小巨人) via seichitech.com ↗
  • IPO: Passed STAR Market listing committee 2022-11-16; listed on SSE STAR Market (688627) in 2023 via sse.com.cn ↗
  • Strategy: Dual-wheel strategy: new-display (AMOLED) inspection equipment plus semiconductor memory test equipment for DRAM wafer test, final test and aging repair via seichitech.com ↗
  • Key products: DRAM CP (wafer) test machines, FT (final) test machines and aging-repair systems; S9880 high-speed final-test system; sockets/boards and probe cards; customized HBM test solutions via money.finance.sina.com.cn ↗
  • CXMT relationship: Reported as exclusive domestic supplier of HBM test machines to top memory customer CXMT (长鑫存储); FT tester orders received from February 2025; CP and high-speed FT production units placed at customer fabs via money.finance.sina.com.cn ↗
  • FY2025 results: Revenue RMB 1.128 billion (+40.46% YoY); net profit RMB 65.42 million (-18.39%); semiconductor test equipment grew +151.31% YoY to 55.51% of main revenue, overtaking display inspection via money.finance.sina.com.cn ↗
  • Growth targets: Equity-incentive targets: 2025 revenue growth ≥60% with semiconductor business growth ≥500%; 2026 revenue growth ≥110% via stcn.com ↗
  • H1 2026: Revenue RMB 804 million (+81.17% YoY); net profit RMB 48.9 million (+59.9%); memory test equipment revenue +147.05% YoY via m.10jqka.com.cn ↗

About

Designs and sells semiconductor memory test equipment (DRAM CP/FT testers, HBM test solutions, burn-in/repair), sockets and probe cards, plus AMOLED new-display inspection and repair equipment; revenue concentrated in top memory makers led by CXMT.

Founded 2011 · Ticker 001168

Why it matters

Jingzhida is China's principal domestic supplier of DRAM/HBM test equipment at exactly the moment CXMT scales DRAM and HBM capacity; breaking the ~70% share of foreign ATE giants (Advantest/Teradyne) in memory test is a key localization milestone for China's memory expansion.

Where it sits in the stack

equipment

Key semiconductor products

  • DRAM memory test equipmentCP wafer testers, FT final testers (S9880 high-speed system), aging and repair systems
  • HBM test solutions·TSV-precision, high-bandwidth customized testers
  • Sockets, burn-in boards and probe cards
  • AMOLED new-display inspection and calibration-repair equipment

Financials

688627.SS · Shanghai Stock Exchange STAR Market 688627.SS · via Yahoo Finance ↗

Financial trajectory via annual filings via Yahoo Finance

RMB billions
RMB 0.65BRMB 0.12B
2023
RMB 0.8BRMB 0.08B
2024
RMB 1.13BRMB 0.07B
2025

Market data refreshed daily; annual figures from exchange filings. Figures in the reporting currency shown on the chart.

Ecosystem

Global peer set

  • Advantest
  • Teradyne
  • Horiba (domestic peer context)

Competitive position

  • Leading domestic challenger to Advantest/Teradyne in memory ATE, attacking roughly 70% foreign share in the segment
  • Exclusive reported domestic HBM tester supplier to CXMT as China's HBM capacity scales
  • Memory test overtook AMOLED inspection as its largest business in 2025
  • Global comparables: Advantest
  • Global comparables: Teradyne
  • Global comparables: Horiba (domestic peer context)

Milestones and signals

  • 2011—Jingzhida (精智达) was founded.
  • 2025—Memory Test Share Of Main Revenue: CNY 55.51% (+151.31% YoY)
  • 2026-10-04—Market cap: RMB 43.0B
  • FY2025—Revenue: RMB 1.1B
  • FY2025—Net Profit: RMB 65.4M
  • Listing—Shanghai Stock Exchange (SSE) · 001168 · A-shares

What to watch

  • Order flow tied to CXMT DRAM/HBM capacity expansion
  • Progress toward 2026 revenue growth target (≥110%)
  • Margin pressure: profit fell in FY2025 despite revenue growth
  • Broadening beyond single-anchor-customer dependence

Questions

Last reviewed 2026-07-11

Answered questions

What is the measurable gap versus global reference companies?

Leading domestic challenger to Advantest/Teradyne in memory ATE, attacking roughly 70% foreign share in the segment.

Open questions

  • Which products are qualified beyond pilots in equipment?
  • Which customers, fabs, or end markets show real adoption rather than policy interest?