峰岹科技通过港交所上市聆讯，最近3个月市值减少约110亿元

Core Viewpoint - Fengcai Technology (Shenzhen) Co., Ltd. is preparing for a listing on the Hong Kong Stock Exchange after its initial public offering (IPO) on the Shanghai Stock Exchange in April 2022, where it faced a significant drop in share price on its first trading day [1][3]. Group 1: Company Overview - Fengcai Technology is a chip design company focused on the design and research of BLDC motor drive control chips [5]. - The company was established in May 2010 and has a registered capital of approximately RMB 92.36 million [4]. Group 2: Financial Performance - Revenue for Fengcai Technology was RMB 3.23 billion in 2022, RMB 4.11 billion in 2023, and is projected to reach RMB 6.00 billion in 2024 [5][6]. - Gross profit for the same years was approximately RMB 1.85 billion, RMB 2.19 billion, and RMB 3.16 billion, respectively [5][6]. - Net profit figures were RMB 1.42 billion in 2022, RMB 1.75 billion in 2023, and RMB 2.22 billion in 2024 [5][6]. Group 3: Shareholder Structure - Fengcai Hong Kong holds 38.06% of Fengcai Technology's equity, controlled by Bi Lei and his brother Bi Chao [10]. - Bi Lei serves as the Executive Director, Chairman, General Manager, and CEO of Fengcai Technology [11]. Group 4: Product Revenue Breakdown - The majority of Fengcai Technology's revenue comes from MCU (motor control chips), with revenues of approximately RMB 2.32 billion, RMB 2.75 billion, and RMB 3.85 billion for 2022, 2023, and 2024, respectively [7][8]. - MCU revenue accounted for 71.9%, 66.8%, and 64.1% of total revenue during these years [7][8]. Group 5: Cash Flow and Investments - As of the end of 2024, Fengcai Technology had cash and cash equivalents of approximately RMB 297 million, a decrease of about RMB 300 million from the previous year [9]. - The net cash flow from operating activities was RMB 184.73 million in 2024, showing a positive trend [10].