峰岹科技提交港股上市申请 拓展多元化融资渠道

Core Viewpoint - Fengcai Technology is accelerating its listing process in Hong Kong, having submitted its H-share stock issuance application to the Hong Kong Stock Exchange on January 15, 2024, aiming to list on the main board [1] Company Overview - Fengcai Technology is a leading chip design company focused on the design and R&D of BLDC motor drive control chips, establishing a strong market position in the industry [1] - The company is the first in China to specialize in BLDC motor drive control chip design and the first globally to achieve large-scale production of motor control dedicated chips based on FOC algorithm hardware [1] Market Position - As of December 31, 2023, Fengcai Technology holds a 4.8% market share in China's BLDC motor control and drive chip market, ranking sixth and being the only Chinese company among the top ten enterprises in this market [2] - The company combines three core technology areas: chip design, motor drive architecture algorithms, and motor technology, forming its core competitive advantage in the motor drive control chip sector [2] Financial Performance - Fengcai Technology reported revenues of 323 million yuan, 411 million yuan, and 433 million yuan for the years 2022, 2023, and the first three quarters of 2024, respectively, with net profits of 142 million yuan, 175 million yuan, and 184 million yuan during the same periods [2] Listing Plans and Fundraising - The H-share issuance will not exceed 20% of the company's total share capital post-issuance, with an additional 15% over-allotment option for underwriters [3] - The raised funds will be allocated for product R&D, expansion of product portfolio and application areas, overseas market development, strategic investments and acquisitions, and working capital supplementation [3] Stock Market Performance - Since February of the previous year, Fengcai Technology's stock price has seen a gradual increase, starting from over 70 yuan per share and reaching a high of 191.69 yuan on January 15, 2024, closing at 185.56 yuan, resulting in a market capitalization of 17.1 billion yuan [3]