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 - Angrui Microelectronics is set to go public on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise 2.067 billion RMB, focusing on RF and analog integrated circuit design [1] Company Overview - Angrui Microelectronics specializes in 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, continuously iterating its products to provide 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 Microelectronics has established a solid customer base, with its RF front-end chips sold to major brands like Honor, Samsung, Vivo, Xiaomi, OPPO, and Lenovo, while its RF SoC chips are used by companies like Alibaba, Pinduoduo, and BYD [2] Technological Innovation - The company has led or participated in six national-level and multiple local major research projects, contributing to the advancement of RF technology in China [3] - Angrui Microelectronics has developed high-integration products like the 5GL-PAMiD, achieving performance levels comparable to international competitors and breaking their monopoly in the L-PAMiD module market [3] Market Position - According to the Bluetooth Special Interest Group, the global shipment of low-power Bluetooth devices is projected to reach 1.8 billion units in 2024, with Angrui Microelectronics expected to capture approximately 5.4% of the global market share in low-power IoT wireless connection chips [3] Financial Performance - The company reported revenues of approximately 0.923 billion RMB, 1.695 billion RMB, and 2.101 billion RMB for the years 2022, 2023, and 2024 respectively, with net losses of approximately -0.290 billion RMB, -0.450 billion RMB, and -0.065 billion RMB [3] - As of June 2025, the total assets were approximately 1.628 billion RMB, with total liabilities leading to a debt-to-asset ratio of 39.58% [4]