On May 26, "BiYiWei," an investee company of Fangguang Capital—a sub-fund backed by the mother fund managed by Yuanhe Chencun—was listed on the STAR Market of the Shanghai Stock Exchange, with stock code: 688045.

Founded in 2014, BiiYee Micro specializes in the design and sales of power management chips, with products widely used in areas such as LED lighting, general-purpose power supplies, home appliances, and IoT applications. According to its prospectus, the company currently offers more than 700 distinct specifications and models of power management chips, solidifying its position as a leading comprehensive solution provider of power management chips in China.

With years of dedicated expertise in the power management chip sector, BiiMicro's products have earned widespread recognition from industry-leading customers. Particularly in the niche segment of LED lighting power management, BiiMicro has leveraged its industry-leading technology to capture significant market share—boasting sales of 2.267 billion units in 2020 and achieving a domestic market share of 17.17%. Beyond general-purpose lighting applications, BiiMicro continues to invest heavily in developing high-value-added products tailored for mid-to-high-power lighting, smart lighting, home appliances, and IoT power solutions.

Driven by technological innovation and guided by market demand, BiYiWei focuses on the R&D, sales, and related technical services of analog integrated circuits, dedicated to providing users with comprehensive products and solutions. Looking ahead, BiYiWei will continue to concentrate on the power management chip sector, closely aligning with the nation’s strategic initiatives for circuit industry development, while enhancing its innovation capabilities and market share in this critical area—striving to maintain its leading position in the industry.

This time, BiiYee Micro raised a total of 952 million yuan through its IPO, with net proceeds reaching 861 million yuan—exceeding the target by an impressive 32.92%. The funds raised will be primarily allocated to three key projects: the development and industrialization of power management control chips, the development and commercialization of motor drive control chips, and the construction of a cutting-edge R&D center. These investments will help the company upgrade its existing product technologies, explore new application areas, strengthen its R&D capabilities, and ultimately enhance its core competitiveness in the market.