Core Viewpoint - Nanchip Technology (688484.SH) plans to raise up to 1.933 billion yuan through convertible bonds to enhance its core competitiveness and expand its business in three key areas: smart power management chips, automotive chips, and industrial sensor control chips [2][3][4] Fundraising and Investment Plans - The company intends to issue no more than 19.33 million convertible bonds, with a total fundraising amount not exceeding 1.933 billion yuan, focusing on three core business projects [3][4] - The smart power management chip project will utilize 459 million yuan, while the automotive chip project will receive 843 million yuan, making it the largest investment area, accounting for 43.61% of the total fundraising [3][4] - The industrial sensor and control chip project will allocate 631 million yuan, aiming to develop proprietary magnetic, optical, and inertial sensor chips [4] Financial Health and R&D Investment - As of mid-2025, the company holds cash of 2.625 billion yuan and has a low debt-to-asset ratio of 18.43%, significantly below the industry average of 35%-45% [4][5] - From 2020 to mid-2025, Nanchip Technology has invested a total of 1.331 billion yuan in R&D, with a steady increase in annual investment [5][6] - The company has a workforce of 756 R&D personnel, representing 68.35% of its total employees, with a dedicated team of over 150 in the automotive chip sector [6] Market Performance and Growth - Nanchip Technology has shown steady revenue growth, with revenues of 1.301 billion yuan, 1.78 billion yuan, and 2.567 billion yuan from 2022 to 2024, while net profits have also increased [5] - However, in the first half of 2025, the company reported a revenue of 1.470 billion yuan, a year-on-year increase of 17.60%, but a net profit decline of 40.21% [5] - The company's stock price increased by 1.96% to 46.9 yuan per share as of September 8, with a year-to-date increase of 30.86% [6]
南芯科技拟募19.33亿发力三大芯片 深化产品布局近七成员工从事研发