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Chaoying Electronics sprints to the Shanghai Stock Exchange: annual revenue of 3.5 billion and plans to raise 1 billion

Lei Jianping on January 1

Chaoying Electronic Circuit Co., Ltd. (hereinafter referred to as "Chaoying Electronics") recently submitted a prospectus to be listed on the main board of the Shanghai Stock Exchange. Chaoying Electronics plans to raise 1 billion yuan.

Chaoying Electronics sprints to the Shanghai Stock Exchange: annual revenue of 3.5 billion and plans to raise 1 billion

Among them, 400 million yuan will be used for the second phase of the high-level multilayer and HDI project of Chaoying Electronic Circuit Co., Ltd., and 600 million yuan will be used for Chaoying Electronic Circuit Co., Ltd. to replenish working capital and repay bank loans.

The annual revenue is 3.515 billion

The main business of Chaoying Electronics is the research and development, production and sales of printed circuit boards, and the company's products are used in automotive electronics, display, storage, consumer electronics, communications and other fields.

Chaoying Electronics is one of the few companies in China with the mass production capacity of multi-stage HDI and arbitrary layer interconnection HDI automotive electronic boards, and has established stable cooperation with Tier 1 auto parts suppliers such as Continental Automotive, Valeo, Bosch, Aptiv, and new energy vehicle manufacturers such as Tesla.

According to the prospectus, Chaoying Electronics' revenue in 2020, 2021, and 2022 will be 2.986 billion yuan, 3.784 billion yuan, and 3.515 billion yuan respectively, and the net profit will be 72.8 million yuan, 146 million yuan, and 141 million yuan respectively, and the net profit after deducting non-profits will be 35.34 million yuan, 84.64 million yuan, and 75.12 million yuan respectively.

Chaoying Electronics sprints to the Shanghai Stock Exchange: annual revenue of 3.5 billion and plans to raise 1 billion

Chaoying Electronics' revenue in the first half of 2023 will be 1.736 billion yuan, with a net profit of 120 million yuan, and a net profit of 121 million yuan after deducting non-profits.

Huang Minghong is an indirect shareholder

The direct controlling shareholder of Chaoying Electronics is Dynamic Holding, which directly holds 97.85% of the shares of Chaoying Electronics, Dynamic Holding is a wholly-owned subsidiary of WINTEK (MAURITIUS), which is a wholly-owned subsidiary of Dynamic Electronics, and Dynamic Electronics is a wholly-owned subsidiary of Dynamic Investment Holdings, so Dynamic Investment Holding is the indirect controlling shareholder of Chaoying Electronics.

Chaoying Electronics sprints to the Shanghai Stock Exchange: annual revenue of 3.5 billion and plans to raise 1 billion

The indirect controlling shareholder of Chaoying Electronics is Dynamic Investment Holdings, a listed company in Taiwan, China. As of the end of the reporting period, the largest shareholder of Dynamic Investment Holding was Huang Minghong, who held a total of 8.62% of the shares of Dynamic Investment Holding and the top ten shareholders of Dynamic Investment Holding held 24.72% of the shares.

Before the IPO, Biying Co., Ltd. held 0.7472%, Chaoming Co., Ltd. held 0.6813%, Huangshi Juying held 0.3101%, Huangshi Juhong held 0.2044%, and Huangshi Precision Process held 0.2029%.

Chaoying Electronics sprints to the Shanghai Stock Exchange: annual revenue of 3.5 billion and plans to raise 1 billion

After the IPO, Dynamic Holding held 83.176% of the shares, Biying Limited held 0.6351% of the shares, Chaoming Limited held 0.5791% of the shares, Huangshi Juying held 0.2635% of the shares, Huangshi Juhong held 0.1738% of the shares, and Huangshi Precision Process held 0.1725% of the shares.

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