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云汉芯城开启申购 为电子元器件领域B2B领军企业
Zhi Tong Cai Jing·2025-09-18 23:01

Core Viewpoint - Yunhan Chip City (301563.SZ) is an innovative high-tech enterprise focusing on the integration of electronic component distribution and industrial internet, with an IPO price of 27 CNY per share and a PE ratio of 20.91 times [1] Company Overview - The company specializes in small-batch electronic component R&D, production, and procurement, leveraging digital and internet technologies through its self-operated B2B online mall [1] - It provides a one-stop supply chain service for the electronic manufacturing industry, extending to product technical solution design, PCBA manufacturing services, and technical support [1] Business Model and Ecosystem - The online mall integrates inventory data from over 2,500 quality suppliers, offering 27.99 million SKUs daily to meet customer procurement needs [2] - The company has established an innovative business ecosystem, including "cloud warehouses," preferred suppliers, and PCBA services, enhancing customer service breadth and depth while driving performance [2] Data Utilization and Technology - The company emphasizes online and data-driven business operations, creating standardized databases from vast business data, including 44.49 million SPU product data and 9.30 million parameter substitution relationships [3] - It employs big data and AI technologies to improve service capabilities in component selection, substitution recommendations, demand forecasting, credit assessment, quality inspection, and customs classification [3] Market Position and Financial Performance - According to the International Electronic Business report, the company ranked 15th among local electronic component distributors in China in 2022, up from 23rd in 2020, indicating its leadership in the B2B electronic component distribution sector [4] - Financially, the company reported revenues of approximately 4.33 billion CNY, 2.64 billion CNY, and 2.58 billion CNY for 2022, 2023, and 2024 respectively, with net profits of approximately 135.41 million CNY, 78.59 million CNY, and 88.33 million CNY during the same periods [4] Financial Metrics - As of December 31, 2024, the company's equity attributable to shareholders reached 748.32 million CNY, with a debt-to-asset ratio of 15.70% for the parent company and 30.81% for the consolidated entity [5] - The company has shown a consistent increase in equity and a decrease in debt-to-asset ratios over the years, indicating improved financial health [5]