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Xingu Micro IPO was terminated: annual revenue of 149 million had planned to raise 850 million

author:Thunder delivery
Xingu Micro IPO was terminated: annual revenue of 149 million had planned to raise 850 million

Lei Jianping on April 17

The IPO of Hefei Xingu Microelectronics Co., Ltd. (hereinafter referred to as "Xingu Micro") was terminated a few days ago, and Xingu Microelectronics was preparing to be listed on the Science and Technology Innovation Board.

Xingu Micro IPO was terminated: annual revenue of 149 million had planned to raise 850 million

Xingu Micro originally planned to raise 850 million yuan, of which 505 million yuan will be used for microwave chip packaging and testing and module industrialization projects, 245 million yuan will be used for R&D center construction projects, and 100 million yuan will be used to supplement working capital.

The annual revenue is 149 million yuan

Xingu Micro IPO was terminated: annual revenue of 149 million had planned to raise 850 million

Founded in November 2014, Xingu Micro is located in the integrated circuit industry cluster of the state-level Hefei High-tech Industrial Development Zone.

Xingu Microelectronics has the design, development and mass production capabilities of microwave and millimeter wave integrated chip circuits such as low-noise amplifiers, ultra-wideband power amplifiers, high-linear power amplifiers, high-power GaN dies, high-power internal matched tube amplifiers (IMFETs), multi-function chips, switches, attenuators, phase shifters, frequency multipliers, mixers, VCOs and other microwave and millimeter wave integrated chip circuits in the DC-110G frequency range, and designs, develops and mass-produces microwave component products based on its own chips.

At present, Xinguwei is in a period of rapid development, covering an area of 36,000 square meters, with a construction area of 60,000 square meters, and a modern park is under construction.

Xingu Micro IPO was terminated: annual revenue of 149 million had planned to raise 850 million

According to the prospectus, the revenue of Xingu Micro in 2020, 2021, and 2022 will be 64.4084 million yuan, 99.58 million yuan, and 149 million yuan respectively, and the net profit will be 37.1 million yuan, 42.585 million yuan, and 57.8 million yuan respectively, and the net profit after deducting non-profits will be 30.04 million yuan, 32.1 million yuan, and 47.28 million yuan respectively.

Liu Jiabing controls 43.6% of the company's shares

Before the IPO, Liu Jiabing directly held 28.33% of the company's equity, and controlled 11.57% and 3.31% of the company's voting rights respectively by serving as the executive partner of Hefei Microchip and Hefei Minxin, and controlled a total of 43.21% of the company's voting rights.

Xingu Micro IPO was terminated: annual revenue of 149 million had planned to raise 850 million

In addition, Liu Jiabing, through his spouse and person acting in concert with Ms. Zhang Yuanling, controls 0.39% of the voting rights of the Company. Therefore, Liu Jiabing controls a total of 43.6% of the company's total share capital, and is the controlling shareholder and actual controller of the company.

Ms. Zhang Yuanling was born in November 1983, with a bachelor's degree in electronic science and technology from Wuchang Branch of Huazhong University of Science and Technology, from August 2013 to April 2015, she rested at home, and has been working in the company as a R&D engineer since May 2015.

Xingu Micro IPO was terminated: annual revenue of 149 million had planned to raise 850 million

Before the IPO, Shanghai Weiqi held 11.48% of the shares, Zhou Diange held 8.87% of the shares, Hefei Chenxin held 6.86% of the shares, GF Qianhe held 2.35% of the shares, the City Innovation Investment held 2.01% of the shares, the cornerstone intelligence held 1.76% of the shares, Chen Jiansheng held 1.54% of the shares, Hefei Gallium Core held 1.52% of the shares, and Huang Junheng, Zhang Liguang and Zheng Xiwei held 1.48% of the shares respectively;

Guoyao Technology and Municipal Industry Investment Phase I hold 1.47% of the shares, Hefei Arsenic Core holds 1.42%, Qingcheng Boyuan holds 1.4%, Tianjin Dongsheng holds 1.22%, Guochuang Xingtai and October Xinxing hold 1.18% respectively, and Ma Jing holds 0.88%.

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