According to recent disclosures from the Hong Kong Stock Exchange, Qiaojie Electronics Technology (Jiangsu) Co., Ltd. has submitted an IPO application to the main board of the Hong Kong Stock Exchange, with CICC and Guotai Junan International serving as joint sponsors.

According to the prospectus, Qiaojie Electronics is a global leader and pioneer in the wireless sensing System-on-Chip (SoC) field, dedicated to providing innovative sensing chips. Based on a Frost & Sullivan report, Qiaojie Electronics ranks as the world's third-largest automotive wireless sensing SoC company by 2024 revenue and is China's largest automotive wireless sensing SoC company.

Qiaojie Electronics is China's first supplier to achieve mass production of TPMS SoC and BLE TPMS SoC, and is also China's first and only supplier providing TPMS SoC and BLE TPMS SoC to automotive OEMs.

The company is also the world's first to launch BPS SoC products, ranking first globally in BPS SoC product revenue in 2024, and is China's first and currently only company with automotive-grade wireless BMS capabilities.

Qiaojie Electronics has initiated strategic development of sensing SoCs tailored for robotic applications, such as eddy current position sensing SoCs, and plans to develop USI SoCs customized for humanoid robots.

The company's core products include: smart tire sensing chips (TPMS chips), battery monitoring chips (BMS chips), wireless battery monitoring system chips (wBMS chips), and universal sensing interface chips (USI chips), providing comprehensive sensing chip products and solutions covering smart tire sensing, battery management, universal sensing interfaces, and peripheral configurations.

Qiaojie Electronics leads the industry in wireless and SoC integration of sensing chips. Given that wireless sensing SoCs are key growth drivers in the automotive electronics field, Qiaojie Electronics has secured first-mover advantages since 2018 through mass production of high-performance automotive-grade wireless sensing SoCs.

Leveraging deep domain expertise and scalable SoC platforms, the company has successfully applied these innovations to other high-growth vertical sectors including energy storage and industrial electronics since 2021, with its wireless sensing SoCs providing next-generation functionality for these fields.

In terms of product portfolio, Qiaojie Electronics' core smart tire sensing product TPMS SoC achieved mass production in 2018. According to Frost & Sullivan, the company is China's first supplier to achieve mass production of TPMS chips.

One of Qiaojie Electronics' core BMS products, BPS SoC, achieved mass production in 2021 to address early fault detection challenges in thermal scenarios. According to Frost & Sullivan, the company developed China's first BPS chip compliant with new mandatory standards. Qiaojie Electronics' USI SoC achieved mass production in 2021. USI SoC is characterized by its applicability to various sensors, including air conditioning pressure sensors, intelligent chassis brake pressure sensors, and vehicle acceleration sensors.

The prospectus shows that all top ten domestic automotive OEMs in China by 2024 sales volume have adopted Qiaojie Electronics' products.

As of June 30, 2025, Qiaojie Electronics' cumulative shipments of automotive sensing SoCs reached 164 million units, with wireless sensing SoCs installed in over 40 vehicle models.

Financially, for the years 2022, 2023, 2024, and the six months ended June 30, 2025, Qiaojie Electronics recorded revenues of approximately RMB 104 million, RMB 223 million, RMB 348 million, and RMB 157 million respectively. During the same periods, the company recorded losses of approximately RMB 205 million, RMB 356 million, RMB 351 million, and RMB 143 million respectively.

According to Frost & Sullivan, the global automotive wireless sensing chip market is expected to grow from RMB 3.6 billion in 2025 to RMB 27.8 billion in 2030, representing a compound annual growth rate of 50.5%. Beyond the automotive industry, Qiaojie Electronics has successfully applied its innovations to energy storage and industrial sectors since 2021. Due to national strategies such as "dual carbon" and "intelligent manufacturing," the industrial and energy storage wireless sensing chip markets are also expected to experience rapid development.

The founding team members of Qiaojie Electronics are primarily Fudan University alumni, with angel investors being Fudan trustees, and the first automotive sensing chip was developed at Fudan's Zhangjiang campus. The company's founder Li Mengxiong serves as Chairman, Executive Director and CEO, acting in concert with Qiaojie Electronics Executive Director and Vice President Li Shuguang to jointly control the company.

According to the prospectus, Qiaojie Electronics' shareholders include Haifeng Investment, Mixed Reform Fund, Matrix Partners, GGR Capital, Geely, GAC Group, and others.

The proceeds from Qiaojie Electronics' Hong Kong IPO will be used for: expanding business scale and accelerating commercialization of new products; enhancing R&D capabilities in advanced and fundamental technologies for smart tire sensing SoC, BMS SoC, and USI SoC; expanding domestic and international sales networks and enhancing global market position; strategic investments or acquisitions to achieve long-term development goals; and working capital and other general corporate purposes.