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Pinsheng Electronics' IPO was terminated: annual revenue of 1.3 billion had planned to raise 757 million

Pinsheng Electronics' IPO was terminated: annual revenue of 1.3 billion had planned to raise 757 million

Lei Jianping on June 27

Guangdong Pinsheng Electronics Co., Ltd. (hereinafter referred to as "Pinsheng Electronics") IPO was terminated a few days ago, and Pinsheng Electronics was preparing to be listed on the main board of the Shenzhen Stock Exchange. Pinsheng Electronics originally planned to raise 757 million yuan.

Pinsheng Electronics' IPO was terminated: annual revenue of 1.3 billion had planned to raise 757 million

Among them, 419 million yuan will be used for the relocation and expansion project of Shenzhen production base, 200 million yuan will be used for the construction project of R&D center and headquarters office, and 138 million yuan will be used for brand building and marketing projects.

Annual revenue of 1.3 billion

Founded in Shenzhen in 2003, Pinsheng Electronics is an enterprise integrating R&D, design, production and sales. Pinsheng's products mainly focus on new energy power support, audio and video transmission, digital accessories, smart small household appliances, vehicle supplies and other fields.

According to the prospectus, Pinsheng Electronics' revenue in 2020, 2021, and 2022 will be 1.142 billion yuan, 1.328 billion yuan, and 1.329 billion yuan respectively; net profit was 102 million yuan, 100 million yuan and 97.14 million yuan respectively; The net profit after deducting non-profits was 78.996 million yuan, 83.647 million yuan and 88.986 million yuan respectively.

Pinsheng Electronics' IPO was terminated: annual revenue of 1.3 billion had planned to raise 757 million

Pinsheng Electronics' revenue in the first half of 2023 will be 674 million yuan, with a net profit of 45.81 million yuan, and a net profit of 41.25 million yuan after deducting non-profits.

Mr. and Mrs. Zhao control 85% of the shares

As of the date of signing of this prospectus, the controlling shareholder of the Company is Zhao Wu, and the actual controllers are Zhao Wu and Ms. Wu Weikun.

Zhao Wu directly holds 78.77% of the shares, and at the same time controls 3.3% of the shares of Sichuan Dexian Control Company, 0.65% of the shares of Chengdu Pinyuan Control Company, 0.45% of the shares of Pinsheng Vision Control Company, 0.28% of the shares of Pinsheng Co-creation Control Company, and 0.21% of the shares of Pinsheng Win-win Control Company; Ms. Wu Weikun directly holds 1.65% of the company's shares, and together with Zhao Wu, controls 3.3% of the company's shares through Sichuan Dexian. Together, the husband and wife control 85.32% of the company's shares.

Zhao Wu, born in August 1969, holds a master's degree and is the chairman and general manager of the company. Mr. Zhao Wu graduated from Southwest University in July 1990; From August 1990 to March 1992, he worked as a teacher in Chengdu 512 Factory Children's School; From January 2000 to November 2003, he founded Chengdu Dexian Communication Development Co., Ltd. and served as an executive director; From December 2003 to October 2008, he founded Dexian Electronics (later renamed as Pinsheng Co., Ltd.) and served as an executive director of Pinsheng Co., Ltd.; Since December 2008, he has served as the chairman and general manager of Pinsheng Electronics; Since October 2020, he has served as the legal representative of Guangdong Electronic Digital Industry Association.

Wu Weikun, female, born in May 1970, has a bachelor's degree. Ms. Wu Weiwei graduated from Southwest University in July 1991; From August 1991 to November 1993, he served as a teaching assistant at Southwest University. From December 1993 to May 1998, he worked as an announcer at Chongqing TV Station; From June 1998 to July 2007, he served as the host of Chengdu TV Economic Channel; From December 2008 to April 2015, he served as the chairman of the board of supervisors of Pinsheng Electronics; Since April 2019, he has served as the head of Pinsheng business in Hong Kong.

Pinsheng Electronics' IPO was terminated: annual revenue of 1.3 billion had planned to raise 757 million

Before the IPO, Mingli Zhijie held 6.48% of the shares, Zhang Yongchuan and Peng Shaoyun held 1.57% of the shares, Zhang Zhijian held 1.3% of the shares, Zheng Lisha held 0.81% of the shares, Xu Xiaojing held 0.77% of the shares, Chengdu Pinyuan held 0.65% of the shares, Pinsheng Vision held 0.45% of the shares, Pinsheng Co-creation held 0.28% of the shares, and Pinsheng Win-win held 0.21% of the shares;

Pinsheng Electronics' IPO was terminated: annual revenue of 1.3 billion had planned to raise 757 million

Tong Enpei and Zhong Guanghua respectively hold 0.17% of the shares, Feng Tao, Liu Mei, Pan Zonghai, Wan Yong, Wu Yu and Yan Chao hold 0.13% of the shares respectively, Lv Hongqiong holds 0.11% of the shares, Dong Yumei, Yuan Yi and Yin Xianjian hold 0.09% of the shares respectively, Li Qiang, Li Wei and Zhu Lu hold 0.08% of the shares respectively, and Li Chuanlei, Luo Xiongwei, Pan Zhiqiang, Yang Chaowu, Zhang Mingming and Ma Pan hold 0.07% of the shares respectively.

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