Recently, VTEST Technology released the "Announcement on the Proposed Purchase of Land Use Rights and Investment in Construction Projects."
The proposed Phase II project for VTEST Technology's Shanghai headquarters base is located in the northwestern part of Heqing Town, Pudong New Area, Shanghai. It is adjacent to the Phase I factory area, which has already entered the decoration and mechanical-electrical installation stage. This extension aligns with the company's business development rhythm, capacity expansion needs, and overall park layout, aiming to meet medium- to long-term development requirements and enhance space for testing production, R&D verification, power assurance, warehousing and logistics, and supporting services.
The total investment for this project is approximately CNY 1 billion, including land transfer fees, factory construction, and equipment purchase costs, among others. The final amount will be based on actual investment. Funding sources include the company's own funds, bank loans, or other methods compliant with laws and regulations. The company is the sole investor for this project, with no other investors involved. Construction is expected to begin in July 2027, with a construction period of 18 months, and completion and commissioning are scheduled for December 2028.
The main content of the project includes purchasing land, constructing new factories and supporting facilities, and acquiring testing equipment. This falls within the scope of the company's core business. Upon completion, it will increase the company's IC testing service capacity, efficiency, and delivery capabilities. This aligns with the trends of high-end, automated, platformized, and mass-produced IC testing and can effectively support the enhancement of testing capabilities for advanced packaging products.
Data shows that VTEST Technology is headquartered in Pudong New Area, Shanghai, and is a well-known third-party integrated circuit (IC) testing service provider in China. Its core businesses include wafer testing, finished chip testing, and supporting services related to IC testing.
In October 2022, VTEST Technology was listed on the Shanghai Stock Exchange. In terms of professional qualifications, the company has been recognized as a National High-Tech Enterprise, a National-level "Specialized, Refined, Differential, and Innovative" Little Giant Enterprise, and a Pudong New Area Corporate R&D Institution.
Regarding testing capabilities, the company has established a full-process testing service system covering wafer testing, finished chip testing, test solution development, System Level Test (SLT), and burn-in testing. The types of wafers and finished chips tested cover AI chips, CPUs, GPUs, DPUs, SoC chips, FPGAs, MCUs, memory chips, RF chips, and high-end CIS chips. The process nodes covered include various manufacturing processes. Wafer sizes covered include mainstream products such as 12-inch, 8-inch, and 6-inch. Downstream applications include data centers, telecommunications, computers, automotive electronics, industrial control, and consumer electronics.
To date, the company serves over 200 clients, encompassing chip design, manufacturing, packaging, and IDM companies. Notable clients include Client A, Client C, UNISOC, ZTE Microelectronics, Amlogic, GigaDevice Semiconductor, Fudan Microelectronics, Bitmain, Anlogic, Client B, Yongsi Electronics, Maxscend, Puya Semiconductor, SMIC, Rockchip Electronics, Novosense, Chipone, ASR Microelectronics, and other well-known manufacturers.
In terms of performance, the Q3 2026 report showed that the company's operating revenue for the third quarter was CNY 609 million, up 35.86% year-on-year; net profit attributable to shareholders was CNY87.5419 million, down 13.63% year-on-year. For the first three quarters of 2026, operating revenue was CNY 1.681 billion, up 55.27% year-on-year; net profit attributable to shareholders was CNY 247 million, up 21.94% year-on-year. The record-high quarterly revenue in this reporting period was primarily driven by steady demand for testing in areas such as AI computing power, automotive electronics, and storage.
VTEST Technology stated that this investment will not adversely affect the company's current financial condition or operational results, nor will it harm the interests of the company and all its shareholders. The project is currently in the preparation phase and is not expected to have a significant impact on the company's operational performance for fiscal year 2026.
Editor | Liu Chengxing Source | Compiled from online information