Core Viewpoint - Hantian Technology (Xiamen) Co., Ltd. has submitted an IPO application to the Hong Kong Stock Exchange, with CICC as the exclusive sponsor, amidst a competitive global semiconductor industry and China's push for self-sufficiency in the supply chain [1][3]. Group 1: Company Overview - Hantian Technology specializes in the research, production, and sales of silicon carbide (SiC) epitaxial wafers, which are crucial for third-generation wide bandgap semiconductor materials [3]. - The company's products have extensive applications in sectors such as electric vehicles, photovoltaic power generation, smart grids, rail transportation, and aerospace [3]. Group 2: Financial Performance - The company's revenue for the years 2022 to 2024 was reported as 441 million yuan, 1.143 billion yuan, and 974 million yuan, respectively, indicating a revenue decline of 14.72% in 2024 [3]. - Despite the revenue drop, the company's profit for 2024 increased to 166 million yuan, a year-on-year growth of 36.52% [3]. - The significant increase in profit is largely attributed to government subsidies, which rose to 1.35 billion yuan, 4.74 billion yuan, and 1.119 billion yuan over the same period, with subsidies accounting for 67.24% of the profit in 2024 [3][4]. Group 3: Operational Adjustments - The company has significantly reduced its workforce from a peak of 833 employees at the end of 2023 to 592 by the end of 2024, resulting in a turnover rate of 28.93% [4]. - This reduction in personnel is seen as a strategy to maintain profit margins amid declining revenue, raising concerns about the company's business expansion pace and internal management [4]. Group 4: Future Prospects - Hantian Technology aims to raise funds through its IPO to enhance its research capabilities and expand production capacity, capitalizing on the long-term growth in demand for silicon carbide driven by global energy transition [4].
瀚天天成递表港交所 高额政府补助支撑利润增长
Ju Chao Zi Xun·2025-10-14 15:17