昂瑞微科创板IPO通过上市委会议 2024年低功耗物联网无线连接芯片全球份额约5.4%

Core Viewpoint - Beijing Angrui Microelectronics Technology Co., Ltd. (Angrui Micro) is set to raise approximately 2.067 billion RMB through its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, focusing on RF and analog integrated circuit design [1] Company Overview - Angrui Micro specializes in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips, recognized as a national-level "little giant" enterprise [1] - The company has a strong emphasis on R&D investment and technology accumulation, leading to efficient product iterations and high-performance, reliable, low-power, and highly integrated RF and analog chip products [1] Product Lines - The core product lines include a full range of RF front-end chips for smart mobile terminals (5G/4G/3G/2G) and RF SoC chips for IoT applications, such as low-power Bluetooth and 2.4GHz private protocol wireless communication chips [2] - Angrui Micro has established a solid customer base, with its RF front-end chips being sold to major brands like Honor, Samsung, Vivo, Xiaomi, OPPO, Lenovo, and others [2] Market Position - According to the International Bluetooth Special Interest Group, the global shipment of low-power Bluetooth devices is projected to reach approximately 1.8 billion units in 2024, with Angrui Micro expected to ship 0.098 billion low-power Bluetooth SoC chips, giving it an estimated market share of about 5.4% in the global IoT wireless connection chip sector [3] Financial Performance - The company reported revenues of approximately 0.923 billion RMB, 1.695 billion RMB, 2.101 billion RMB, and 0.844 billion RMB for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - Net profits for the same periods were approximately -0.290 billion RMB, -0.450 billion RMB, -0.0647 billion RMB, and -0.0403 billion RMB, indicating ongoing financial challenges [3] Financial Metrics - As of June 30, 2025, total assets amounted to approximately 1.627 billion RMB, with equity attributable to shareholders at about 0.936 billion RMB [4] - The company's asset-liability ratio was reported at 39.58% as of June 30, 2025, showing a slight increase from previous years [4] - Revenue figures for the years 2022 to 2025 indicate a growth trend, despite the company facing net losses during the same periods [4]