What ChengDu Hi-Tech Development does

Chengdu Hi-Tech Development (Shenzhen Stock Exchange: 000628) is a state-controlled listed company founded in 1992 and headquartered in Chengdu's national high-tech zone. Its parent is Chengdu High-Tech Investment Group (Gaotou Group), a state-owned asset platform under the Chengdu High-Tech Zone administrative committee, with state-owned shareholding at 45.4% following a 2015 restructuring. The company operates as a diversified holding group with 22 consolidated subsidiaries spanning four pillars: power semiconductors (Shenwei Technology for IGBT chip design and Xinwei Semiconductor for 8-inch foundry/backend processing); new infrastructure (Bete Intelligent for smart city data operations and Bete Construction for engineering services holding 11 Class-1 qualifications); industrial investment (Bete Ying Fund managing approximately 2.1 billion RMB across three PE vehicles); and other businesses including real estate development, kitchen cabinet manufacturing, futures brokerage (320 million RMB registered capital), and landscape services.

The company's core technology platforms center on power semiconductor localization and intelligent energy management. Shenwei Technology has developed 100+ IGBT chip variants across voltage levels using proprietary trench gate + field stop architecture, while the Bete Digital Virtual Power Plant Platform integrates distributed PV, user-side storage, charging stations, V2G, and park loads under an AI-driven scheduling system. The platform reportedly aggregates 250MW of adjustable resources from 206+ enterprises, achieves 92%+ load prediction accuracy, second-level response time, and 99.998% data accuracy across 1,000+ nodes, supported by 11 patents and 21 software copyrights.

Revenue is generated through multiple streams: hardware sales of IGBT/SiC devices and kitchen cabinets; project-based construction contracts; professional services for smart city and energy management; managed services for distributed PV, energy storage, charging stations, and virtual power plant operations; subscription-based futures brokerage and investment consulting; and licensing/royalty income from industrial investment funds. Go-to-market combines direct enterprise sales (BOE, Dell, Texas Instruments, Huawei, CATL/Sichuan Times), nationwide agent recruitment for semiconductors, government-to-government relationships for Hi-Tech Zone smart city infrastructure, and strategic partnerships with Chuantou Energy, Hisense Hitachi, and Tebian Electric.

Name

ChengDu Hi-Tech Development

Legal name

成都高新发展股份有限公司

Website

https://cdgxfz.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Chengdu Hi-Tech Development is a state-controlled listed holding company (SZSE: 000628) operating IGBT/SiC power semiconductors, smart city digital operations, construction engineering, virtual power plant platforms, and futures brokerage through 22 subsidiaries serving industrial, enterprise, and government customers in China.

Ownership category

akta.pro rank

Product category

Diversified Industrial Holdings

NAICS

Semiconductor and Related Device Manufacturing (334413), Semiconductor and Other Electronic Component Manufacturing (3344)

SIC

Semiconductors & Related Devices (3674), Electrical Industrial Apparatus (3620)

akta.pro primary industry

High-Voltage, Power Discretes & Modules (IGBT/MOSFET/SiC/GaN) (HDAHAAAK)

akta.pro secondary industries

Power Generation Plant Construction (Thermal, Hydro, Nuclear) (IMAFADAC), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

Keywords

• Power semiconductors
• Construction engineering
• Smart city solutions
• Virtual power plant
• Industrial investment

Headquarters

HQ city

Chengdu

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Power Semiconductor Products: Design, manufacturing and R&D incubation of power semiconductor devices including IGBT chips and modules. Revenue from product sales of over 100 chip varieties covering different voltage levels and application scenarios.
2. Construction and Installation: General contracting for construction projects including buildings, municipal works, water conservancy, fire protection, interior decoration. Class 1 qualifications in multiple categories. Projects include industrial parks, residential, healthcare facilities.
3. Smart City Solutions: Digital operations and smart city solutions including data operations, IT integration, smart energy management. B2B model targeting government and industrial parks.
4. Industrial Investment: Equity investment management platform managing approximately 2.1 billion RMB across three private equity funds. Invests in high-tech industries aligned with Chengdu Hi-Tech Zone.
5. Cabinet Manufacturing: Kitchen cabinet and custom furniture manufacturing. 100+ distributors nationwide, cooperation with major real estate developers for finished furniture. Annual production capacity of 100,000 sets.
6. Futures Brokerage: National futures brokerage firm with registered capital 320 million RMB. Financial futures, commodity futures, and investment consulting services.
7. Digital Energy Solutions: Distributed photovoltaic, industrial-commercial energy storage, charging stations, integrated energy project development and operations. Virtual power plant platform services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

ChengDu Hi-Tech Development is a state-owned listed holding company that operates a diversified portfolio spanning power semiconductors (IGBT/SiC chips and modules via subsidiary Shenwei Technology and Xinwei Semiconductor), construction and installation engineering (general contracting for buildings, municipal works, and industrial parks via Beite Construction), smart city and digital energy solutions (virtual power plant platform, district-level and user-side energy storage systems via Beite Digital Energy and Beizhi Intelligence), industrial investment fund management, real estate development, kitchen cabinet manufacturing, and futures brokerage.

Product overview

Chengdu High-Tech Development is a diversified state-owned listed company operating four main business segments: (1) Power Semiconductors — through subsidiaries 森未科技 (Shenwei Technology) and 芯未半导体 (Xinwei Semiconductor), providing IGBT/SiC power semiconductor devices, an 8-inch advanced manufacturing platform, and power semiconductor testing verification services; (2) New Infrastructure — through 倍智智能 (Bete Intelligent) and 倍特建安 (Bete Construction), offering virtual power plant platform (倍特数智虚拟电厂平台), district-level/user-side energy storage systems, smart city data operations, and construction project management; (3) Industrial Investment — through 成都倍盈股权投资基金管理 (Bete Ying Fund); and (4) Other businesses including property development, kitchen cabinet manufacturing, futures brokerage, and airport landscape services. The company's core technology offerings are built around AI-powered energy management, with the virtual power plant platform integrating distributed energy resources across 5000+ enterprises, and the AI+Storage system enabling intelligent optimization of energy storage operations.

Differentiator

Problem solved

Functional benefit

Brands

• 森未科技 (Shenwei Technology): Power semiconductor business focusing on IGBT chip localization, established in 2017
• 芯未半导体 (Xinwei Semiconductor)
• 倍特建安 (Beite Construction)
• 倍智智能 (Beizhi Intelligence)
• 倍特数能 (Beite Digital Energy)
• 倍特期货 (Beite Futures)

Products and services

• Bete Digital Virtual Power Plant Platform (倍特数智虚拟电厂平台) A region-wide source-grid-load-storage integrated energy management system platform that aggregates and intelligently dispatches distributed energy resources (distributed photovoltaics, user-side energy storage, charging stations, V2G vehicle-grid interaction, and park loads). It provides real-time monitoring, intelligent scheduling, and market-based trading through a virtual large-scale energy storage power station model for enterprise and government energy managers.
• District-Level Energy Storage System (台区储能系统) A distributed energy storage system deployed at the distribution transformer level, functioning as a 'micro power bank' and 'smart manager' for regional power grids. It provides 40kW–100kW energy storage power support for 2–5 hours, reducing peak loads by 10%–25% and enabling peak shaving/valley filling and emergency backup for utilities and communities.
• User-Side Energy Storage System (用户侧储能系统)

Quantifiable outcome

• Virtual power plant successfully responded to 14 elastic load response invitations, maximum load response capability of 46.5 kilowatts, achieving 1,227,600 kilowatt-hours of response electricity
• +4 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature5 records

Partnerships

13 partnerships are on record, tiered core and minor.

• 青岛海信日立空调系统有限公司 (Hisense Hitach)coreStrategic or Co-development Partner · 16 April 2026Signed strategic cooperation agreement.双方围绕技术协同创新、应用场景精准适配进行交流研讨。高新发展在功率半导体领域具备核心器件自主可控的研发创新能力，可为海信集团高端制造产业提质升级提供支撑；海信集团能够为高投集团产业集群绿色低碳发展提供高品质系统解决方案。
• 特变电工新能源公司coreStrategic or Co-development Partner · 4 February 2026座谈交流围绕深化产业链协同、推动功率半导体国产替代进程等议题展开。双方将发挥高投集团及特变电工的产业链与市场资源优势，共同推进功率半导体核心零部件自主可控，强化在新能源、电力电子装备等领域的生态协同创新能力。
• 四川川投能源股份有限公司 (Sichuan Chuantou Energy)coreStrategic or Co-development Partner · 16 January 2026Strategic cooperation discussion on energy storage projects, virtual power plant, and park-level storage.川投能源聚焦清洁能源主责主业，积极布局水电、'抽蓄+'及储能等关键领域。双方在用户侧及电网侧储能项目合作中已取得扎实进展。
• 芯脉通会展策划（上海）有限公司minorGTM or Marketing Partner · 20 November 2025Co-organizer of ICCAD-Expo 2025集成电路发展论坛 (成渝) 暨第三十一届集成电路设计业展览会
• 成都市集成电路行业协会minorGTM or Marketing Partner · 20 November 2025Co-organizer of ICCAD-Expo 2025
• 重庆市半导体行业协会minorGTM or Marketing Partner · 20 November 2025Co-organizer of ICCAD-Expo 2025
• 成都国家芯火双创基地minorGTM or Marketing Partner · 20 November 2025Co-organizer of ICCAD-Expo 2025
• 成都辰显光电有限公司minorStrategic or Co-development Partner · 23 September 2025党建联建活动，签署《联建共建协议书》和《廉洁共建承诺书》。在市场拓展、技术共享与项目共建等方面开展务实合作。探讨辰显光电量产线厂区'近零碳园区'示范项目合作。
• 东方财富证券股份有限公司minorImplementation/ SI/ Consulting Partner · 12 September 2025Selected as ESG consulting service provider for 2025. Provides ESG system on-site diagnosis, improvement and enhancement, ESG report compilation and design, ESG system training.
• 天健会计师事务所（特殊普通合伙）coreImplementation/ SI/ Consulting Partner · 5 June 2024Selected as annual audit accounting firm for 2024. Audit fee 900,000 RMB including financial report audit 630,000 RMB and internal control audit 270,000 RMB.
• 川投（攀枝花）新能源开发有限公司coreStrategic or Co-development PartnerJoint venture 成立川投能源（宜宾）有限公司负责四川时代60MW/120MWh用户侧储能示范项目的投资建设运营。倍特数能提供AI+储能智能化技术。
• 国网高新供电公司coreStrategic or Co-development PartnerJointly built Chengdu's first 100kW/233kWh台区储能 demonstration project in Chengdu Hi-Tech Zone Xiaojiahe Street. Provides distributed energy solutions for old communities.
• 宜泊信息科技有限公司minorStrategic or Co-development PartnerJointly created廉洁文化微阵地 - technology-driven integrity culture ecosystem in parking intelligence company. Combined smart technology with integrity education.

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Others

• TBEA: TBEA (SSE: 600089) is a major transformer and power equipment manufacturer that recently signed strategic cooperation with ChengDu Hi-Tech on power semiconductor localization. Comparable as a strategic partner more than a competitor; supplies transformers and integrates IGBT-based systems.

Broad incumbents

• Sungrow Power Supply: Sungrow (SZSE: 300274) is the world's largest PV inverter manufacturer and a major player in energy storage systems. Adjacent rather than direct — it consumes IGBTs (Shenwei's customer segment) and competes with Bete Digital in storage project development.

Direct peers

• NARI Technology: NARI Technology (SSE: 600406) builds smart grid and virtual power plant platforms for State Grid, with deep demand-response and dispatch capability. Directly comparable to Bete Digital's virtual power plant platform, though at much larger national scale.
• China Resources Microelectronics: CR Micro (HKEX: 0598 / SSE: 688396) is a leading Chinese IDM with power discrete and analog products. Comparable on power semiconductor IGBT/MOSFET/SiC portfolio, foundry capabilities, and downstream industrial/auto customer base.
• Silan Microelectronics: Silan (SSE: 600460) is an integrated device manufacturer producing IGBT, MOSFET, and MCU products with in-house fabs. Comparable to ChengDu Hi-Tech's Shenwei/Xinwei stack across discrete power semiconductors and IDM-style manufacturing.
• StarPower Semiconductor: StarPower (SSE: 603290) is China's largest domestic IGBT module manufacturer with established NEV and industrial control customers. It competes directly with Shenwei Technology in IGBT chip and module design/manufacturing, with significantly larger scale and a public market valuation benchmark.
• BYD Semiconductor: BYD Semiconductor is a vertically integrated IGBT/SiC supplier captive to BYD's NEV business, with growing external sales. Comparable in IGBT chip design and module manufacturing, with a much larger captive demand base.
• Zhuzhou CRRC Times Electric: CRRC Times Electric (HKEX: 3898 / SSE: 688187) manufactures IGBT modules for rail transit and renewables, with its own wafer processing and packaging lines. Highly comparable to Xinwei Semiconductor's high-voltage module packaging platform.

Market position

Strengths1 record

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/chengdu-hi-tech-development-group-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ChengDu Hi-Tech Development