Core Viewpoint - ChaoYing Electronics is set to launch an IPO on the Shanghai Stock Exchange, aiming to issue 52.5 million shares, representing 12.01% of the total shares post-issue, with subscription starting on October 15 [1] Group 1: Company Overview - ChaoYing Electronics specializes in the research, production, and sales of printed circuit boards (PCBs), which are critical components in electronic devices [1] - The company has established itself as a national high-tech enterprise, leveraging its proprietary core intellectual property to drive innovation in the PCB sector [1] - ChaoYing has developed a technological moat in automotive electronics and display fields, with key manufacturing technologies for high-frequency millimeter-wave radar boards and electric vehicle battery power conversion systems [1] Group 2: Financial Performance - The company reported revenues of 3.514 billion yuan, 3.656 billion yuan, and 4.124 billion yuan for the years 2022 to 2024, respectively, with net profits of 141 million yuan, 266 million yuan, and 276 million yuan during the same period, indicating steady growth in profitability [2] Group 3: Market Position and Clientele - ChaoYing ranks 23rd among comprehensive PCB companies in China and is among the top ten global automotive electronic PCB suppliers, as per CPCA and NTI reports [3] - The company has established stable partnerships with renowned clients in various sectors, including automotive electronics, display, storage, and consumer electronics, collaborating with major firms like Tesla, Bosch, and Apple [3] Group 4: Future Plans and Investment - The IPO proceeds will be allocated to the second phase of the high-layer and HDI project, which aims to achieve an annual production capacity of 360,000 square meters of PCBs, enhancing automation and market share [4] - ChaoYing aims to become a benchmark enterprise in the global electronic circuit industry by focusing on product orientation, customer-centricity, and innovation-driven growth [4]
超颖电子10月15日开启申购：技术与业绩双驱动 致力于成为全球电子电路行业的标杆企业
Cai Jing Wang·2025-10-13 11:05