Foshan will add a new company listed on the Science and Technology Innovation Board. A few days ago, Xidi Micro (688173.SH) disclosed the results of the initial public offering of shares and listing on the Science and Technology Innovation Board, and issued a prospectus. According to the prospectus, the average annual compound growth rate of Xidi Micro from 2018 to 2020 reached 84.33%, and it will raise 580 million yuan for the research and development and industrialization of power management chips for high-performance consumer electronics and communication equipment.
Xidi micro registered address is located in Qiandeng Lake Venture Town, Nanhai District, is one of the leading semiconductor and IC (integrated circuit) design enterprises in China, the main business including power management chips and signal chain chips including analog integrated circuit products research and development, design and sales, products cover DC / DC chips, super fast charge chips, lithium battery fast charge chips, port protection and signal switching chips, etc., used in mobile phones, notebook computers, wearable devices and other fields.
Dr. TAO HAI ( Tao Hai ), the founder of Xidi Micro, graduated from Columbia University in the United States and has worked for Fairchild Semiconductor, a well-known semiconductor company in the United States, for more than 6 years; other members of the team have experience in many well-known enterprises in the industry, such as Maxim, IDT, NXP, MTK, Lucent Technology, etc. At present, the company has a total of 19 independently developed core technologies, and as of September 3, 2021, it has obtained 15 domestic authorized invention patents.
The prospectus discloses that some models of Xidi micro products have the performance of competing with domestic leading manufacturers, in the field of consumer electronics such as mobile phones, DC/DC chips have been realized to Qualcomm, MTK, Samsung, Xiaomi, TRANSSION and other customers of mass production goods; in the field of automotive electronics, the self-developed automotive-grade power management chip products have reached the AEC-Q100 standard, and its DC/DC chips have entered The Qualcomm's global automotive-grade platform reference design to achieve audi, hyundai, Shipments of well-known car companies such as Kia.
In 2018, 2019, 2020 and January to June 2021, Xidiwei achieved main business income of 67.1801 million yuan, 115 million yuan, 228 million yuan and 219 million yuan, respectively, with an average annual compound growth rate of 84.33% from 2018 to 2020. However, due to factors such as large R&D investment, during the above reporting period, the net profit of Xidi Micro was -5.384 million yuan, -9.5752 million yuan, -145 million yuan and 19.1749 million yuan, respectively, and the latest year has not yet achieved profitability.
The prospectus discloses that in this public offering, Xidi Micro plans to raise 580 million yuan for the research and development and industrialization of power management chips for high-performance consumer electronics and communication equipment, the research and development projects of new generation automotive and industrial power management chips, the headquarters base and cutting-edge technology research and development projects, etc., and supplement the working capital. Xidiwei said that after the end of the stock offering, the company will apply for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange as soon as possible.
According to data from the Foshan Municipal Bureau of Financial Work, by the end of 2021, Foshan's cumulative domestic and foreign listed enterprises will reach 70, ranking first among prefecture-level cities in the province. Among them, there are 3 companies listed on the Science and Technology Innovation Board, namely Huate Gas, Fuxin Technology and Lyle Technology.
The use of Xidi micro-fundraising. Source Xidi micro prospectus
[Nanfang Daily reporter] Wang Qian
【Author】 Wang Qian
【Source】 Southern Press Media Group South + client
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