Jiwei Network News On January 24, the Shanghai Stock Exchange disclosed the announcement on the termination of the initial public offering of shares to Huimang Microelectronics (Shenzhen) Co., Ltd. (hereinafter referred to as "Huimangwei") and listing on the Science and Technology Innovation Board.
Huimang Micro is a platform-based chip design enterprise positioned at "MCU+". The company adopts the Fabless business model, is one of the few IC design enterprises in China that has both microcontroller chip, power management chip and memory chip design capabilities and large-scale mass production experience, and is also one of the few IC design enterprises in China with the ability to independently develop semiconductor devices and processes.
It is understood that Huimang Micro independently developed the EEPROM process, mass production and sales of EEPROM chips in 2005; and then, with deep technical accumulation and innovation capabilities, it successively launched PMIC chips, NOR Flash chips and MCU chips in mass production in 2007, 2013 and 2015; built a complete chip product matrix covering the three core functions of electronic devices (program control, information storage, power management), forming a good synergy effect.
Huimang microchip performance, stability, reliability and other indicators are comparable to well-known brands at home and abroad. During the reporting period, the company's cumulative shipment of chips reached nearly 5 billion, and various electronic products equipped with the company's chips penetrated into all aspects of residents' lives.
During the Reporting Period, Huimangwei's R&D expenses were RMB18.9296 million, RMB27.6616 million, RMB35.3806 million and RMB23.1418 million, respectively. The company adheres to the orientation of technology research and development, and has established a R&D and technical support team with rich industry experience and stable output of achievements. The R&D team can effectively transform the company's technology into products and achieve sustainable business development. Thanks to the long-term R&D investment and technology accumulation, during the reporting period, the company's operating income was 122.4496 million yuan, 183.6751 million yuan, 308.3663 million yuan and 227.9513 million yuan, showing a rapid growth trend.
At present, huimang micro's product terminal use scenarios cover smart home, life appliances, mobile office, smart wear, digital peripherals, personal care, audio and video entertainment, medical equipment and many other fields, and are adopted by many domestic and foreign brand customers such as Xiaomi, LG, Suber, Xiaoxiong, Bull, Procter & Gamble, Midea, Hisense, Jiuyang, Feike, Tengda, ZTE and many other domestic and foreign brand customers, forming a good market reputation. The company has been awarded the Excellent Supplier Award by well-known terminal brands such as Feike and Bull, and won the "2020 Domestic MCU Best Market Performance Award" issued by the Shenzhen Integrated Circuit Industry Association. (Proofreading/New)