Super Power Electronics has successfully passed the IPO review by the Shanghai Stock Exchange Listing Committee. The company's main business is automotive electronic PCB.
On July 10th, Chaoying Electronic Circuits Co., Ltd. (referred to as Chaoying Electronics) passed the listing committee meeting of the Shanghai Stock Exchange.
On July 10th, Chaoying Electronic Circuit Co., Ltd (referred to as Chaoying Electronics) passed the listing committee meeting of the Shanghai Stock Exchange. The IPO sponsor is Minsheng Securities, with a planned fundraising of 660 million RMB. The company focuses on automotive electronic PCB and is one of the few domestic companies capable of mass-producing multi-layer HDI and arbitrary layer interconnect HDI automotive electronic boards.
According to the prospectus, the company's main business is the research, production, and sales of printed circuit boards, and its main business has not changed since its establishment. The company's products are widely used in automotive electronics, displays, storage, consumer electronics, communications, and other fields. The company has established stable cooperation with global Tier 1 automotive component suppliers such as Continental Automotive, Faurecia, Bosch, and Amphenol, as well as well-known new energy vehicle manufacturers such as Tesla.
The company is a national high-tech enterprise with core independent intellectual property rights and has accumulated rich experience in the research and production of printed circuit boards over the years. The company attaches great importance to the introduction and training of professional talents and the innovative research and development of product applications, possessing strong research and development capabilities. As of the end of the reporting period, the company has obtained a total of 14 invention patents and 85 utility model patents.
The funds raised in this issuance will be invested in the following projects:
Financially, in the years 2022, 2023, and 2024, the company's operating income is expected to be 3.514 billion RMB, 3.656 billion RMB, and 4.124 billion RMB respectively, with net profits attributable to the owners of the parent company being 141 million RMB, 266 million RMB, and 276 million RMB respectively.