Zheng Quan Zhi Xing·2025-05-19 11:43Core Viewpoint - Shenzhen Jingzhida Technology Co., Ltd. successfully completed its public offering of 23.502939 million shares at a price of RMB 46.77 per share, raising a total of RMB 1.0992325 billion, with a net amount of RMB 986.5646 million after deducting issuance costs [1]. Group 1: Continuous Supervision Work - The sponsor has established and effectively implemented a continuous supervision work system, formulating corresponding work plans for specific supervision tasks [2]. - A continuous supervision agreement has been signed between the sponsor and Jingzhida, clarifying the rights and obligations of both parties during the supervision period [2]. - The sponsor conducts continuous supervision through daily communication, regular visits, on-site inspections, and due diligence to understand the operational status of Jingzhida [3]. Group 2: Financial Performance - For the fiscal year 2024, the company reported operating income of RMB 803.1297 million, an increase of 23.83% compared to RMB 648.5633 million in 2023 [15]. - The net profit attributable to shareholders decreased by 30.71% to RMB 80.1602 million from RMB 115.6848 million in the previous year [15]. - The company's total assets increased by 1.70% to RMB 2.0303548 billion at the end of 2024, compared to RMB 1.9964875 billion at the end of 2023 [15]. Group 3: Core Competitiveness - The company has developed a comprehensive core technology system across multiple technical fields, which is crucial for establishing a competitive market advantage [10]. - In the semiconductor storage device testing field, the company has accumulated rich experience and developed a full range of products for post-process testing, including wafer testers and aging test equipment [16]. - The company has established strong relationships with international manufacturers and universities, facilitating rapid technological accumulation and a complete industrial chain layout [18]. Group 4: Research and Development - The company's R&D expenditure for 2024 was RMB 109.6877 million, a 52.66% increase from RMB 71.85 million in 2023, representing 13.66% of operating income [20]. - The company holds a total of 413 intellectual property rights, including 84 invention patents, as of the end of 2024 [20]. - Continuous expansion of the R&D team and increased investment in new technologies and products have led to a significant rise in R&D expenses [20]. Group 5: Risk Factors - The company faces core competitiveness risks due to potential leakage of key technologies during external collaborations [10]. - High customer concentration is a concern, with the top five customers accounting for 67.49% of total revenue, which could adversely affect operations if any of these customers experience difficulties [11]. - Financial risks are present with accounts receivable amounting to RMB 440.0131 million, which could lead to bad debt risks if customer payment capabilities decline [12].