Group 1: Company Overview - Xin Heng Hui Electronics Co., Ltd. (新恒汇) was listed on the Shenzhen Stock Exchange on June 20, 2023, with stock code 301678, and is located in Zibo High-tech Zone [1] - Established in December 2017, Xin Heng Hui specializes in integrated circuits, including lead frames, module packaging, wafer thinning, and testing [1] - The company reported revenues of 684 million yuan, 767 million yuan, and 842 million yuan for the years 2022 to 2024, with net profits of 110 million yuan, 152 million yuan, and 186 million yuan respectively [1] Group 2: Financial Performance - The initial public offering (IPO) involved the issuance of 59.89 million shares at a price of 12.80 yuan per share, with the opening price soaring to 50 yuan, marking a 290.63% increase [3] - As of 10:30 AM on the listing day, Xin Heng Hui's market capitalization exceeded 10 billion yuan, ranking fourth in Zibo's stock market [3] Group 3: Future Plans and Investments - The funds raised from the IPO will be allocated to the "High-Density QFN/DFN Packaging Material Industrialization Project" and the "R&D Center Expansion and Upgrade Project" [1] - Xin Heng Hui aims to enhance its core competitiveness and contribute to the development of the integrated circuit packaging materials sector, especially in the context of international competition and the need for supply chain security [2] Group 4: Industry Context - The successful listing of Xin Heng Hui marks an expansion of A-share listed companies in Zibo to 34, with the upcoming listing of Shandong Xintong Electronics (信通电子) expected to increase this number to 35 [4][5] - Shandong Xintong Electronics, also based in Zibo High-tech Zone, focuses on industrial IoT solutions and reported revenues of 781 million yuan, 931 million yuan, and 1.005 billion yuan for the years 2022 to 2024 [4]
新恒汇上市、信通电子申购,淄博高新区闪耀资本市场