Several semiconductor companies sci-tech innovation board IPO usher in new progress

At present, the enthusiasm of semiconductor companies sprinting into the science and technology innovation board is unabated. Recently, another batch of integrated circuit companies’ IPO progress has been disclosed.

Gelun Electronics plans to go public on the Science and Technology Innovation Board

On May 31, the Shanghai Regulatory Bureau of the China Securities Regulatory Commission disclosed a summary report on the counseling work of Shanghai Gailun Electronics Co., Ltd. (hereinafter referred to as “Gailun Electronics”) by China Merchants Securities Co., Ltd.

According to disclosures, Gailun Electronics intends to first publicly issue RMB ordinary shares (A shares) and listed on the Science and Technology Innovation Board, with China Merchants Securities as its tutoring agency, and its tutoring work for Gailun Electronics will start from January 2021 to 2021. It ends in May, and the tutoring work lasts for 4 months. Up to now, the counseling work has been completed.

Several semiconductor companies sci-tech innovation board IPO usher in new progress

△Source: Screenshot of the CSRC announcement

The summary report shows that China Merchants Securities believes that, through this counseling work, and with the efforts of Gailun Electronics and other participating tutoring institutions, Gailun Electronics has now established a relatively standardized corporate governance institution and an effective organization and management institution, and has become a clear property right. , Joint-stock enterprises with complete assets, sound institutions, independent personnel, and standardized financial and accounting systems meet the conditions for public offering and listing of stocks.

According to data, Gelun Electronics was established in 2010 with a registered capital of 390 million yuan. Its main products and services include manufacturing EDA tools, design EDA tools, semiconductor device characteristic testing instruments, and semiconductor engineering services.

Several semiconductor companies sci-tech innovation board IPO usher in new progress

△Source: Screenshot of the CSRC announcement

It is worth mentioning that Gelun Electronics has already obtained Intel’s investment. In the list of shareholders of General Lun Electronics, Intel holds 21,124,752 shares, with a shareholding ratio of 5.41%, ranking seventh.

In terms of finance, in recent years, the performance of General Lun Electronics has achieved steady growth and has successfully turned losses into profits in 2020. According to the data, from 2018 to 2020, Gelun Electronics realized operating income of RMB 51,948,600, RMB 65,486,600, and RMB 137,483,200 respectively, and the corresponding net profit was RMB -7.9932 million, RMB -877,600,200, and RMB 27,891,700, respectively.

VJ Chuangxin completes the guidance for listing on the Science and Technology Innovation Board

On June 1, the Tianjin Regulatory Bureau of the China Securities Regulatory Commission disclosed the guidance work of China Securities Regulatory Commission regarding the initial public offering of shares of VJ Chuangxin (Tianjin) Electronic Technology Co., Ltd. (“VJ Chuangxin”) and its listing on the Science and Technology Innovation Board. summary report.

CITIC Construction Investment Securities believes that through this counseling, Weijie Chuangxin, in accordance with the requirements of the “Company Law”, “Securities Law” and other relevant laws and regulations, has already prepared the relevant IPOs and listed on the Science and Technology Innovation Board as required by the China Securities Regulatory Commission. There are no substantial issues affecting the issuance and listing of the basic conditions for guidance and acceptance and issuance and listing.

Several semiconductor companies sci-tech innovation board IPO usher in new progress

△Source: Screenshot of the CSRC announcement

Weijie Chuangxin was established in 2010 with a registered capital of 300 million yuan. It focuses on the R&D and sales of RF front-end and high-end analog chips. Its products are mainly used in mobile terminals such as smart phones, including smart terminal RF power amplifier chips and RF antenna switch modules. And RF front-end integrated circuit modules, etc. According to official website information, terminal chips such as PA and switches with completely independent intellectual property rights have been mass-produced and commercialized by Weijie Chuangxin.

The summary report shows that the number of shareholders of Weijie Chuangxin is relatively scattered, with more than 30 companies, including Xiaomi, Huawei, OPPO, vivo, Wenmao, Huaxin Investment and other well-known enterprises and investment companies. Among them, Hubble Technology, an investment company under Huawei, holds 3.57 shares. %, OPPO holds 3.39%, vivo holds 2.61%, and Xiaomi Yangtze River Industry Fund also holds 1.74%.

 Several semiconductor companies sci-tech innovation board IPO usher in new progress

△Source: Screenshot of the CSRC announcement

It is understood that VJ Chuangxin was listed on the NEEQ in 2015 and formally delisted from the NEEQ in 2017. On January 15 this year, VJ Chuangxin and China Securities Investment Co., Ltd. Listed on the Science and Technology Innovation Board).

China Securities Regulatory Commission agrees to Fudan Micro-Tech Innovation Board IPO registration

In addition to the completion of the counseling summary by Galun Electronics and Weijie Chuangxin, Shanghai Fudan Microelectronics Group Co., Ltd. (hereinafter referred to as “Fudan Micro”) has also ushered in important progress in its application for the Science and Technology Innovation Board.

On June 1, the China Securities Regulatory Commission approved the registration of the initial public offering of shares on the Fudan Micro Technology Innovation Board in accordance with legal procedures. Fudan Micro and its underwriters will negotiate with the Shanghai Stock Exchange to determine the issuance schedule and publish prospectus documents one after another.

  Several semiconductor companies sci-tech innovation board IPO usher in new progress

△Source: Screenshot of the official micro-screen of the China Securities Regulatory Commission

Fudan Micro is a company engaged in the design, development and testing of very large scale integrated circuits, and provides customers with system solutions. Its products are widely used in urban public transportation, mobile payment, smart phones, security monitoring, industrial control, signal processing, Intelligent computing and many other fields. Product performance is also recognized by well-known domestic and foreign manufacturers such as Samsung, LG, VIVO, Haier, Hisense, and Lenovo.

It is reported that Fudan Micro has established an international commissioned production and sales layout. The main cooperative wafer foundries include GF, Shanghai Huahong (Group) Co., Ltd., SMIC, etc., and packaging and testing plants include Changjiang Electronics Technology, Hua Tian Technology and so on.

According to the prospectus (registered draft), Fudan Micro intends to raise 600 million yuan this time for the development and industrialization of programmable system-on-chips, as well as development and technology reserve funds.

Several semiconductor companies sci-tech innovation board IPO usher in new progress

△Source: Screenshot of Shanghai Stock Exchange’s announcement

Fudan Micro stated that this fundraising project closely focuses on the company’s current main business, and aims to further enhance the company’s independent research and development capabilities, further promote product iteration and technological innovation, further expand the company’s main business scale, and further enhance core competitiveness and competitiveness. market share.

It is worth mentioning that Fudan Micro was listed in Hong Kong on August 4, 2000, and it was the first listed company in the domestic IC design industry. After the A-shares issued this time are listed, Fudan Micro’s shares will be listed in Hong Kong at the same time. The Stock Exchange and Shanghai Stock Exchange were listed on the stock exchange.

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Author: Yoyokuo