Lei Jianping on December 29
Shanghai Longcheer Technology Co., Ltd. (hereinafter referred to as "Longcheer Technology") has passed the registration and is preparing to be listed on the main board of the Shanghai Stock Exchange.
Longcheer Technology plans to raise 1.8 billion yuan, of which 800 million yuan will be used for Huizhou intelligent hardware manufacturing project, 400 million yuan will be used for the reconstruction and expansion project of Nanchang intelligent hardware manufacturing center, 200 million yuan will be used for the upgrading and construction project of Shanghai R&D center, and 400 million yuan will be used to supplement working capital.
Revenue in the first half of the year was 10.8 billion, down 29% year-on-year
Founded in 2002, Longcheer Technology is a provider of intelligent products and services. The company focuses on the design, R&D, manufacturing and service of terminal products such as smart phones, tablet computers, smart wearables, smart homes, VR/AR, etc., and its business covers many countries and regions around the world, providing professional intelligent product overall solutions for world-class customers.
Longcheer Technology is an important ODM partner of Xiaomi smart products. Longcheer Technology is an important partner of Xiaomi smart product ODM.
According to the prospectus, Longcheer Technology's revenue in 2020, 2021, and 2022 will be 16.4 billion, 24.596 billion, and 29.343 billion respectively, and the net profit will be 299 million, 548 million, and 560 million respectively, and the net profit after deducting non-profits will be 117 million yuan, 366 million yuan, and 500 million yuan respectively.
In the first half of 2023, Longcheer Technology's revenue was 10.8 billion yuan, down 29.34% from 15.28 billion yuan in the same period last year, net profit was 334 million yuan, an increase of 34.81% from 247 million yuan in the same period last year, and net profit after deducting non-profits was 264 million yuan, an increase of 29.56% from 204 million yuan in the same period last year.
Longcheer Technology expects revenue in the first nine months of 2023 to be 17.05 billion yuan, down 25.73% from 22.957 billion yuan in the same period last year, net profit of 500 million yuan, down 24% from 400 million yuan in the same period last year, and net profit after deducting non-profits of 423 million yuan, up 14.79% from 369 million yuan in the same period last year.
Xiaomi Shunwei Yunfeng is a shareholder
The controlling shareholder of Longcheer Technology is Kunshan Longqi, and the actual controller is Du Junhong.
Du Junhong is the actual controller of Shanghai Xinhe, the executive partner of Kunshan Longqi, and directly holds 52.95% of the property share of Kunshan Longqi, and is also the executive partner of Kunshan Longfei and holds 99% of the property share of Kunshan Longfei, so he controls 34.97% of the shares of Longqi Technology through the control of Kunshan Longqi and Kunshan Longfei.
In addition, Du Junhong and Ge Zhengang signed the Concerted Action Agreement in November 2021, which stipulates that Ge Zhengang will always be consistent with Du Junhong's expression of intent and take concerted action when exercising Longcheer Technology's direct shareholder rights and indirect shareholder rights (including directors' rights);
Ge Zhengang directly holds 5.29% of the shares of Longcheer Technology, and is also the executive partner of Kunshan Qiyun and holds 45.08% of the property share of Kunshan Qiyun, so Ge Zhengang and Kunshan Qiyun are the persons acting in concert with Du Junhong, the actual controller.
The property shares of Kunshan Longqi, Kunshan Longfei and Kunshan Qiyun held by Du Junhong, the actual controller of the company, were frozen due to the lawsuit.
Du Junhong, born in 1973, holds permanent residency in Singapore. He obtained a bachelor's degree in industrial automation from Zhejiang University in June 1994 and a doctorate degree in electrical machinery and electrical appliances from Zhejiang University in June 1999. From June 1999 to June 2002, he worked at ZTE Corporation as an engineer and general manager of products, and from July 2002 to October 2004, he served as a director and general manager of Shanghai Longcheer Communication Technology Co., Ltd.;
Du Junhong served as a director of Longcheer Technology (Shanghai) Co., Ltd. from October 2004 to May 2015, the chairman of Longcheer Technology (Shanghai) Co., Ltd. from September 2014 to May 2015, and the chairman of Shanghai Longcheer Technology Co., Ltd. since May 2015.
Before the IPO, Kunshan Longqi held 23.65% of the shares, Kunshan Longfei held 11.32% of the shares, Xiaomi's Tianjin Jinmi held 9.13% of the shares, Suzhou Shunwei held 8.18% of the shares, Ge Zhengang held 5.29% of the shares, Kunshan Yunrui held 4.7% of the shares, Kunshan Qiyun held 3.94% of the shares, China Internet Investment held 3.31% of the shares, surpassed Moore held 2.83% of the shares, Wang Boliang held 2.74% of the shares, and Huashun Guangzhou and Kunshan Renxun held 2.29% of the shares respectively.
Kunshan Yongcan holds 1.97%, Kunshan Hongdao holds 2.16%, Jintaifu Capital holds 1.89%, Ningbo Qihong holds 1.86%, Hangzhou Lifei holds 1.48%, Yunfeng Fund holds 1.42%, Kunshan Qizhi holds 1.26%, Guangyuan Zhilian holds 1.23%, Wutongshu holds 1.18%, Kunshan Qizhuang holds 1.17%, Kunshan Qiling holds 0.93%;
Hangzhou Wenheng holds 0.67%, Precision Lanqi holds 0.61%, Shanghai Gimpo holds 0.57%, Suzhou Yuanzhixin holds 0.54%, Zhuhai Guangyuan holds 0.47%, Dong Hong holds 0.44%, Shigatse Xinrui holds 0.34%, and Yuanyu Industry holds 0.14%.
After the IPO, Kunshan Longqi held 20.1% of the shares, Kunshan Longfei held 9.62% of the shares, Tianjin Jinmi held 7.76% of the shares, Suzhou Shunwei held 6.95% of the shares, Ge Zhengang held 4.5% of the shares, Kunshan Yunrui held 4% of the shares, Kunshan Qiyun held 3.35% of the shares, China Internet Investment held 2.81% of the shares, Beyond Moore held 2.41% of the shares, Wang Boliang held 2.33% of the shares, Huashun Guangzhou held 1.95% of the shares, and Kunshan Renxun held 1.94% of the shares;
Kunshan Yongcan holds 1.83%, Kunshan Hongdao holds 1.68%, Jintaifu Capital holds 1.61%, Ningbo Qihong holds 1.58%, Hangzhou Lifei holds 1.26%, Yunfeng Fund holds 1.2%, Kunshan Qizhi holds 1.07%, Guangyuan Zhilian holds 1.04%, Wutongshu holds 1%, Kunshan Qizhuang holds 0.99%, Kunshan Qiling holds 0.79%;
Hangzhou Wenheng holds 0.57%, Precision Lanqi holds 0.52%, Shanghai Gimpo holds 0.48%, Suzhou Yuanzhixin holds 0.46%, Zhuhai Guangyuan holds 0.4%, Dong Hong holds 0.37%, Shigatse Xinrui holds 0.29%, and Yuanyu Industrial holds 0.11%.
———————————————
Lei Di was founded by Lei Jianping, a media person, if it is reprinted, please indicate the source.