【CNMO News】On April 12, Weijie Chuangxin was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, publicly issuing 40.08 million shares, accounting for 10.02% of the total share capital after the public offering, with an issue price of 66 yuan per share, and plans to raise 2.487 billion yuan.
According to CNMO, Weijie Chuangxin was established in 2010, and its main business is the research and development, design and sales of RF front-end chips, the main products are RF power amplifier modules (PA modules) and some RF switch chips and Wi-Fi RF front-end module products. Since 2018, Weijie Chuangxin has gradually become a supplier of xiaomi, vivo and other head brand manufacturers, supplying large-scale supply to these manufacturers.
From 2018 to the first half of 2021, the company's revenue was 284 million yuan, 581 million yuan, 1.81 billion yuan and 1.702 billion yuan, respectively, of which the main sales product category was RF PA module (the module is the core component of the RF front-end signal transmission system), and the proportion of RF PA modules in 2018-2020 was more than 97%. At the same time, it can also be seen that since becoming a supplier of xiaomi and other head brand manufacturers, the products of Weijie Chuangxin have been generally recognized, the demand for products has increased, and the revenue has also been greatly improved.
The HIP chip developed by Weijie Chuangxin
At present, the actual controllers of the company are Rong Xiuli and Sun Yijun, and Rong Xiuli has served as the chairman of Tianyu Mobile in the past. The Company's largest shareholder, MediaTek's subsidiary, Gaintech, holds an equity interest in the Company at 28.12. In addition, relevant industrial chain companies, including Huawei Hubble Investment and Xiaomi Fund, have also invested in Weijie Chuangxin.