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昂瑞微科创板IPO过会 公司持续亏损待盈利
Sou Hu Cai Jing·2025-10-17 07:58

Core Viewpoint - Beijing Angrui Microelectronics Technology Co., Ltd. has received approval for its IPO application on the Sci-Tech Innovation Board, focusing on RF and analog integrated circuit design, with significant contributions to China's RF field and product development [1][2]. Group 1: Company Overview - Angrui Micro was established in 2012 and specializes in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [1]. - The company has led or participated in six national and multiple local major scientific research projects, contributing to foundational research and industrial application in the RF field [1]. Group 2: IPO Details - The company plans to publicly issue no more than 24.8829 million shares, raising approximately 2.067 billion RMB [2]. - The raised funds will be allocated as follows: 1.096 billion RMB for 5G RF front-end chip and module R&D and industrial upgrades, 408 million RMB for RF SoC R&D and upgrades, and 563 million RMB for headquarters and R&D center construction [2]. Group 3: Financial Performance - Angrui Micro has been operating at a loss since 2022, with total revenues of 923 million RMB in 2022, projected to reach 2.101 billion RMB in 2024, and 844 million RMB in the first half of 2025 [2]. - The net profits for the same periods are -290 million RMB, -450 million RMB, -64.7092 million RMB, and -40.2995 million RMB, respectively, with cumulative unremedied losses of 1.279 billion RMB by mid-2025 [2]. Group 4: Customer Concentration and Shareholding Structure - The company has a high customer concentration, with the top five customers accounting for 70.44%, 75.84%, 69.52%, and 59.07% of total revenue during the reporting periods [3]. - Major customer A's purchasing amounts were 43.8984 million RMB, 626 million RMB, 707 million RMB, and 169 million RMB, with a year-on-year decline in the first half of 2025 [3]. - The shareholding structure shows that Beijing Xinke holds 9.12%, Nanjing Tongxin 7.28%, Nanjing Chuangxin 7.01%, and Nanjing Ruida 5.97%, with the chairman controlling 21.95% of voting rights directly and 38.91% indirectly [3].