en.Wedoany.com Reported - On July 9, Nanjing XinShiJie Microelectronics Technology Co., Ltd. (referred to as "XinShiJie") submitted IPO tutoring filing to the Jiangsu Securities Regulatory Bureau, with Guotai Junan Securities as the tutoring sponsor, officially launching A-share listing tutoring. The company was established on April 17, 2018, and is one of the earliest companies in China to conduct research on single-photon direct time-of-flight (SPAD dToF) three-dimensional imaging technology. XinShiJie has R&D centers in Nanjing, Shanghai, and Silicon Valley, as well as a marketing center in Shenzhen, and holds a leading position in the industry in terms of single-photon dToF technology and practicality.
Since its inception, XinShiJie has completed multiple rounds of financing, building a diversified shareholder matrix covering industry leaders, national funds, and technology giants. In September 2020, Huawei's Hubble Technology Investment became a shareholder, marking strategic recognition from a leading communication equipment manufacturer. In January 2022, the company completed hundreds of millions of yuan in strategic financing, led by CATL (Chendao Capital), with participation from Goertek Microelectronics and BYD. In 2024, the company completed nearly 100 million yuan in Series C financing, led by Chengxin Venture Capital, with 37 Interactive Entertainment following. In 2025, the company completed hundreds of millions of yuan in Series C+ financing, led by China Reform Fund, with participation from Nanjing Venture Capital Group, Jushi Venture Capital, and other institutions, with funds primarily used for technology R&D iteration, market expansion, and mass production of automotive-grade products. In January 2026, Ant Group's Shanghai Yunyang Enterprise Management Consulting Co., Ltd. and Jiangsu Nanjing Advanced Manufacturing Industry Special Fund became new shareholders.
On the commercialization front, XinShiJie has achieved scaled revenue. In 2023, the company's main business revenue exceeded 100 million yuan, with cumulative shipments of core chips reaching tens of millions of units; in 2024, benefiting from the recovery of the consumer electronics market and growth in automotive demand, the company's revenue increased by over 60% year-on-year.
