惠科暂时中止IPO

Core Viewpoint - Huike Co., Ltd.'s IPO status has been changed to "suspended" due to the expiration of financial data in the prospectus, requiring supplementary submission [1][3]. Company Overview - Huike specializes in the research, manufacturing, and sales of semiconductor display panels and smart display terminals [3]. - The company previously submitted an application for an IPO on the ChiNext board in June 2022 but withdrew it in August 2023 [3]. IPO Timeline - In 2024, Huike plans to restart its listing guidance, and on June 30, 2025, it submitted its prospectus to the Shenzhen Stock Exchange, which was accepted [3]. - The IPO entered the inquiry stage on July 11, 2025, but was suspended again due to the need for updated financial data as per the China Securities Association's inspection list [3]. Fundraising Plans - Huike aims to raise 8.5 billion yuan, with key investments allocated as follows: - 5.5 billion yuan for the upgrade of OLED and Oxide display technology in Changsha - 2 billion yuan for the Mini-LED smart manufacturing project in Mianyang - 1 billion yuan for working capital and debt repayment [3][5]. - The Mini-LED project will enhance the production line for Mini LED products and focus on high-performance product development [3]. Investment Project Details - The total investment for the projects is approximately 95.76 billion yuan, with the following breakdown: - Changsha New OLED R&D Upgrade Project: 303.11 million yuan (250 million yuan from raised funds) - Changsha Oxide R&D and Industrialization Project: 300.01 million yuan (300 million yuan from raised funds) - Mianyang Mini-LED Smart Manufacturing Project: 254.46 million yuan (200 million yuan from raised funds) - Working capital and bank loan repayment: 100 million yuan (100 million yuan from raised funds) [5]. - Successful implementation of these projects is expected to expand the market for existing products and facilitate the development of new technologies and products, enhancing the company's core competitiveness [5].