Jingce

Wuhan Jingce Electronic Group, also known as Jingce or Jingce Electronic, is a Chinese publicly listed electronics company whose activities span testing and measurement equipment for semiconductors and flat-panel displays, flat-panel detectors, and systems related to new-energy batteries. The company was founded in April 2006 by Peng Qian after he identified a dependence on Japanese and South Korean suppliers for graph signal generators, an important component in flat-panel display production. The high prices and concentrated supply of those products led Jingce to pursue domestic development and commercialization. The company initially concentrated on graph signal generators and other equipment and components associated with flat-panel displays. This starting point placed Jingce within China’s broader effort to develop domestic capabilities in display manufacturing and industrial electronics. Its business subsequently expanded beyond display-related products. In 2018, Jingce entered the semiconductor and new-energy sectors, broadening its technology scope and customer base. The group has since developed relationships with a substantial number of Chinese domestic companies, reflecting the importance of local supply-chain partnerships in its target industries. Jingce became a publicly listed company on the Shenzhen Stock Exchange through an initial public offering held on 22 November 2016. Public-market access supported the company’s development as a multi-sector industrial technology group, although the available reference material does not provide its stock ticker, financial results, market capitalization, or detailed ownership structure. The group has also used acquisitions and strategic investments to extend its capabilities. In August 2019, Jingce acquired a 61% stake in Wintest, a Japanese listed chip-testing company. The transaction gave Jingce a controlling interest in a business connected with semiconductor testing and represented an international element in its expansion strategy. In September 2024, Jingce formed a consortium with an investment fund associated with China Mobile to acquire a 41.93% stake in Jiangsu Xinsheng Intelligent Technology from the China Integrated Circuit Industry Investment Fund. This transaction further connected Jingce with China’s semiconductor-industrial investment network. In December 2024, the United States Department of Commerce added Jingce to the Entity List as part of a new round of export controls. The listing created a significant regulatory issue for a company active in semiconductor testing and related electronics, but the supplied material does not establish the precise restrictions, the company’s subsequent response, or their commercial consequences. Jingce’s overall positioning is that of a domestic Chinese industrial-technology supplier serving strategically important electronics sectors. Its business has evolved from display-testing equipment toward a broader portfolio involving semiconductor testing, display and detector technologies, and new-energy battery systems. Because the available source material is concise, details such as its current executive team, headquarters, product names, revenue profile, principal customers, and post-2024 operating changes remain unavailable.

Wuhan Jingce Electronic Group was founded in April 2006 by Peng Qian. Its origins lay in a supply-chain problem in the flat-panel display industry. During a business trip, Peng encountered the high prices and concentrated foreign supply of graph signal generators, which were important components in display manufacturing and were then dominated by Japanese and South Korean producers. Jingce was established to develop domestic alternatives and initially focused on graph signal generators and related flat-panel detector and display-testing products. The company’s early direction aligned with the development of China’s domestic electronics and display-manufacturing capabilities. Rather than operating primarily as a consumer-facing brand, Jingce developed specialized industrial equipment and technologies for manufacturers. Its products addressed testing, measurement, and detection requirements within electronics production, areas in which reliability and integration with manufacturing lines are central to customer value. On 22 November 2016, Jingce completed an initial public offering and became listed on the Shenzhen Stock Exchange. The listing marked a major corporate-development milestone and provided the company with access to public capital markets. The supplied material does not identify the company’s ticker or disclose financial figures. In 2018, Jingce expanded its business into semiconductors and new-energy applications. This move transformed the company from a primarily display-oriented equipment developer into a broader industrial electronics group. The company also developed partnerships with a significant number of Chinese domestic companies, placing it within the local ecosystem for semiconductor, display, and new-energy technology development. Jingce pursued international expansion through corporate investment. In August 2019, it acquired a 61% interest in Wintest, a listed Japanese chip-testing company. The acquisition provided Jingce with control of an overseas semiconductor-testing business and complemented its expanded focus on semiconductor equipment. In September 2024, Jingce formed a consortium with an investment fund associated with China Mobile to acquire a 41.93% interest in Jiangsu Xinsheng Intelligent Technology from the China Integrated Circuit Industry Investment Fund. The transaction connected Jingce with major Chinese strategic and industrial-investment institutions and represented another effort to strengthen its semiconductor-related position. The company encountered a major regulatory development in December 2024, when the United States Department of Commerce added it to the Entity List as part of a new round of export controls. The designation is particularly relevant because Jingce operates in semiconductor testing and related electronics, but the available reference does not provide enough information to determine the exact scope of the controls, their legal basis, or their effect on the company’s supply chains and customers. Jingce is therefore best understood as a Chinese industrial-technology group built around domestic development of electronics-testing capabilities. Its historical progression runs from flat-panel display equipment to a portfolio spanning semiconductor testing, display detectors, and new-energy battery systems. Information about current management, detailed subsidiaries, headquarters, financial performance, named product families, and developments after the 2024 Entity List action requires additional verification.

1. 2024Consortium investment in Jiangsu Xinsheng Intelligent Technology

   In September 2024, Jingce joined a consortium to acquire a 41.93% stake in Jiangsu Xinsheng Intelligent Technology.

   Source
2. 2024United States Entity List designation

   The United States Department of Commerce added Jingce to the Entity List in December 2024 as part of a new round of export controls.

   Source
3. 2019Acquisition of Wintest stake

   Jingce acquired a 61% stake in Japanese listed chip-testing company Wintest in August 2019.

   Source
4. 2018Expansion into semiconductors and new energy

   The company entered semiconductor and new-energy fields and expanded its network of partnerships with Chinese domestic companies.

   Source
5. 2016Initial public offering

   Jingce became a listed company on the Shenzhen Stock Exchange on 22 November 2016.

   Source
6. 2006Company founded

   Peng Qian founded Wuhan Jingce Electronic Group in April 2006, initially targeting domestic development of graph signal generators and related flat-panel display technologies.

   Source

A Chinese industrial electronics and testing-technology group focused on domestic substitution, semiconductor and display manufacturing infrastructure, and selected new-energy applications.

• Graph signal generatorsDisplay testing equipment2006

  Graph signal generators were among Jingce’s original target products. The company developed domestic alternatives in response to dependence on Japanese and South Korean suppliers whose products were important to flat-panel display manufacturing. These devices form part of the testing and signal-generation infrastructure used in display production.

• Flat-panel display testing equipmentDisplay manufacturing equipment

  Jingce develops and sells equipment used in testing and evaluating flat-panel displays. The category reflects the company’s original industrial focus and its role in supporting display-manufacturing processes rather than selling finished consumer displays.

• Flat-panel detectorsElectronic detectors

  Flat-panel detectors are part of Jingce’s stated business scope. The available reference identifies the product area but does not provide detailed specifications, named product families, target applications, or sales channels.

• Semiconductor testing equipmentSemiconductor equipment2018

  Jingce’s semiconductor-testing business emerged as part of its 2018 expansion. It includes equipment and capabilities for testing semiconductor-related products and is reinforced by the company’s controlling investment in Japanese chip-testing company Wintest.

• New-energy battery systemsNew-energy technology2018

  New-energy battery systems are another stated area of Jingce’s business following its 2018 diversification. The supplied material does not identify specific battery platforms, chemistries, vehicle applications, or branded offerings.

• 2024Consortium acquisition of Jiangsu Xinsheng Intelligent Technology stakeM&A

  Jingce continued to expand its semiconductor-related interests through cooperation with Chinese strategic and institutional investors.

  What changed. In September 2024, Jingce formed a consortium with an investment fund associated with China Mobile to acquire a 41.93% stake in Jiangsu Xinsheng Intelligent Technology from the China Integrated Circuit Industry Investment Fund.

  Aftermath. The transaction increased Jingce’s connection to China’s semiconductor investment ecosystem. The available source does not identify the consortium’s other members or subsequent operating results.

  Source
• 2024Response required to United States export controlsOther

  Jingce operates in semiconductor testing and related electronics, sectors affected by international technology-export controls.

  What changed. The United States Department of Commerce added Jingce to the Entity List in December 2024.

  Aftermath. The designation introduced additional United States export-control restrictions relevant to the company, but the supplied material does not state the detailed regulatory terms, Jingce’s response, or the commercial consequences.

  Source
• 2019Acquisition of a controlling interest in WintestM&A

  Jingce was expanding its semiconductor activities and sought to strengthen its position in chip testing through an international investment.

  What changed. In August 2019, Jingce acquired 61% of Wintest, a listed Japanese chip-testing company.

  Aftermath. The transaction gave Jingce control of Wintest and added an overseas semiconductor-testing business to the group. Further integration and financial effects are not specified in the supplied material.

  Source
• 2018Diversification into semiconductors and new energyStrategy

  Jingce had established its initial business around flat-panel display testing and related technologies. The company sought broader growth opportunities in strategically important electronics sectors.

  What changed. The company entered semiconductor and new-energy fields and expanded partnerships with Chinese domestic companies.

  Aftermath. The move broadened Jingce’s portfolio beyond display-related equipment, although the supplied sources do not provide segment-level financial or operating results.

  Source

• 2024Jingce joins consortium investment in Jiangsu Xinsheng Intelligent Technology

  In September 2024, Jingce formed a consortium with an investment fund associated with China Mobile to acquire a 41.93% stake in Jiangsu Xinsheng Intelligent Technology from the China Integrated Circuit Industry Investment Fund.

  M&A
  Source
• 2024Jingce added to the United States Entity List

  In December 2024, the United States Department of Commerce added Jingce to the Entity List during a new round of export controls. The supplied source does not specify the detailed restrictions or the company’s response.

  Regulation
  Source
• 2019Jingce acquires controlling stake in Wintest

  In August 2019, Jingce acquired a 61% stake in Wintest, a listed Japanese chip-testing company.

  M&A
  Source
• 2018Jingce expands into semiconductors and new energy

  The company broadened its business scope by entering semiconductor and new-energy fields and developing partnerships with Chinese domestic companies.

  Other
  Source
• 2016Wuhan Jingce Electronic Group completes initial public offering

  Jingce became a publicly listed company on the Shenzhen Stock Exchange through an initial public offering on 22 November 2016.

  Other
  Source

1. Wuhan Jingce Electronic Group