On February 11, after briefly suspending the review of the issuance and listing of Shaanxi Yuanjie Semiconductor Technology Co., Ltd. (hereinafter referred to as "Yuanjie Technology"), the Shanghai Stock Exchange once again resumed the review of the company's IPO issuance and listing on the Science and Technology Innovation Board.
According to the website of the Shanghai Stock Exchange, at present, the review status of Yuanjie Technology is "accepted".
Holding 4.36% of the shares, Huawei's Hubble investment into the shares
According to the data, Yuanjie Technology was established in 2013, mainly focusing on the optical chip industry, the main business is the research and development, design, production and sales of optical chips, the main products include 2.5G, 10G and 25G and higher rate laser chip products, etc., which are mainly used in optical fiber access, 4G/5G mobile communication networks and data centers.
Since its inception, Yuanjie Technology has carried out a number of equity transfers and capital increases. Among them, in the equity transfer and capital increase on September 23, 2020, Hubble Investment, a subsidiary of Huawei, transferred the registered capital of Yuanjie Technology by 1,009,600 yuan at a price of 62.4 yuan per registered capital, and increased the capital of Yuanjie Technology by 20 million yuan at a price of 66.56 yuan per registered capital.
According to the disclosure, before the offering, Hubble Investment's shareholding in Yuanjie Technology was 4.36%, and after the offering, the shareholding ratio will be diluted to 3.27%.
It is worth mentioning that Yuanjie Technology has not only obtained investment from Huawei, but also jointly owns the invention patent "A 10G Anti-Reflective Distributed Feedback Laser" and the utility model patent "A 10G Anti-Reflective Laser and Its Preparation Process" with Borche Technology. Among them, huawei is responsible for assisting in system testing, and Borche Technology is responsible for module-level testing.
At present, Yuanjie Technology has realized the batch supply of top ten international and domestic mainstream optical transceiver manufacturers such as Hisense Broadband, Zhongji Innolux, Borche Technology, Mingpu Opto-magnetics, etc., and the products are used for customers A, ZTE, Nokia and other large-scale communication equipment manufacturers at home and abroad.
980 million yuan to accelerate the research and development of optical chip business
During the reporting period (2018-2021-60), the operating income of Yuanjie Technology was 70.4111 million yuan, 81.3123 million yuan, 233 million yuan and 87.5134 million yuan, respectively, and Yuanjie Technology said that the company's operating income in 2020 grew rapidly, mainly due to the substantial growth in the downstream market demand for the company's 25G laser chip series products driven by the 5G policy.
According to the prospectus, Yuanjie Technology intends to raise 980 million yuan this time, which will be mainly used for 10G and 25G optical chip production line construction projects, 50G optical chip industrialization construction projects, research and development center construction projects and supplementary working capital.
Yuanjie Technology said that the investment project of the raised funds is a further extension of the company's optical chip product research and development and production system on the basis of the existing main business combined with the future market demand. Among them, the "10G, 25G optical chip production line construction project" will help solve the problem of shortage and limited production capacity of 10G and 25G optical chip production lines currently faced by the company; "50G optical chip industrialization construction project" will help the mass production of 50G high-speed optical chips and promote the localization process.
At the same time, Yuanjie Technology is also accelerating the research and development of next-generation laser chip products, and actively expanding the application of optical chips in other fields. According to the disclosure, the company has begun to promote the commercial use of 50G, 100G high-speed laser chip products and silicon optical DC light source high-power laser chip products in the field of optical communications, and strives to achieve a comprehensive benchmarking of monopolies in the United States and Japan in terms of the characteristics and reliability of high-end laser chip products. (Text: Global Semiconductor Observation Liu Jing)
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