Sensegain’s portfolio company Arcsoft and Western Superconducting Technologies were among the inaugural batch of companies to list on the new SSE Star Exchange. Both companies were exceptionally well received by investors. Arcsoft offered its listing price at ￥28.88 RMB and currently trades at ￥65.55 RMB – a first day gain of 126.97% and a market capitalization of ￥26.6 Billion RMB. While Western Superconducting Technologies IPOed at a price of ￥15.00 RMB and currently trades at ￥54.99 RMB – a gain of 266.60% and a market capitalization of ￥24.3 Billion RMB.
Arcsoft is the global leader in visual algorithms and solutions. Since inception in 1994, Arcsoft leverages its technological superiority in visual computations and provides tailored solutions to major tech companies such as Samsung, LG, Sony, Amazon, Hitachi, Canon, Nikon, Olympus, Huawei, Panasonic, Lenovo, Xiaomi, Gree,Midea, Le, Vivo etc. Currently Arcsoft provides its services to over 80% of the Android smartphone market and its ranked first in terms of market share. Arcsoft’s deep understanding of various mainstream platforms and hardware allows manufacturers to significantly reduce hardware manufacturing costs and boosts production scaling abilities.
Western Superconducting Technologies is China’s leading manufacturer of premium titanium and superconducting materials. It currently is the main manufacturing / R&D site for aviation use titanium alloys and the only company in China that can product superconducting wire at a commercial level. It is also the only company in the world that have mastered the whole production line process for NbTi superconducting wires.
Western’s list of high-profile customers includes: Aviation Industry Corporation of China, Aero Engine Corporation of China, GE, Siemens, ITER China. In the 2018 annual report, Western expects a growing demand in titanium products due to the increased demand in army jets, engine R&D and aviation vehicles. Also, the increase of domestic MRI manufacturers will expand the market demand for superconducting materials. The operational success and current investor confidence will support Western’s public performance on the SSE Star Market.
With the successful inauguration of the SSE Star board, China’s integrated circuits, AI, Big Data and Advanced Manufacturing segments will welcome a new stage of growth. We are excited for Arcsoft, Western Superconducting Technologies and other domestic high-tech companies to embrace this new opportunity. Sensegain remains committed to the theme of core technology and has invested in industry leading companies such as Efort Intelligent Equipment (filed for listing on SSE Star) , Cloudwalk Technology, WIMI (set to IPO on NASDAQ), Telink Semiconductor and Source Photonics.