Core Viewpoint - Beijing Angrui Microelectronics Technology Co., Ltd. has received approval for its initial public offering (IPO) and listing on the Sci-Tech Innovation Board, indicating a positive outlook for the company's market entry and growth potential [1][2]. Group 1: Company Overview - Angrui Micro was established in 2012 and specializes in the design of composite chips, focusing on RF front-end and wireless communication sectors [7]. - The company's core products include a full range of RF front-end chips for 2G/3G/4G/5G, wireless connection chips, and analog chips, which are primarily used in smartphones, automotive electronics, energy storage, industrial applications, high-performance computing, IoT, and smart wearables [7]. Group 2: Financial Performance - The company reported a compound annual growth rate (CAGR) of over 50% in revenue over the past three years, with projected revenue of 2.1 billion yuan in 2024 [4]. - Despite the growth in revenue, Angrui Micro has faced continuous losses, with net profits of -289.89 million yuan in 2022, -450.13 million yuan in 2023, -64.71 million yuan in 2024, and -40.30 million yuan in the first half of 2025 [4][5]. - As of June 2025, the cumulative unremedied losses amounted to -1.28 billion yuan, which may hinder the company's ability to distribute cash dividends to shareholders in the near term [7]. Group 3: Use of Proceeds - Angrui Micro plans to raise 2.067 billion yuan through the IPO, with allocations including 1.096 billion yuan for the R&D and industrialization of 5G RF front-end chips, 408 million yuan for RF SoC R&D, and 563 million yuan for the construction of its headquarters and R&D center [9]. - The company aims to leverage its established brand and customer base in the RF industry to drive performance growth through product upgrades and new product launches [9].
海量财经｜昂瑞微科创板IPO过会 持续经营能力被追问
Sou Hu Cai Jing·2025-10-16 07:50