Core Viewpoint - ChaoYing Electronics Circuit Co., Ltd. successfully listed on the Shanghai Stock Exchange, focusing on the research, production, and sales of printed circuit boards (PCBs) with a strong emphasis on automotive electronics [2][4]. Group 1: Company Overview - ChaoYing Electronics specializes in the R&D, production, and sales of printed circuit boards, with a stable business model since its inception [4][6]. - The company's products are widely used in automotive electronics, displays, storage, consumer electronics, and communications, primarily focusing on automotive electronic PCBs [4][6]. - ChaoYing is one of the few companies in China capable of mass production of multi-layer HDI and any-layer interconnected HDI automotive electronic boards, collaborating with global Tier 1 automotive suppliers and well-known electric vehicle manufacturers like Tesla [4][6]. Group 2: Intellectual Property and Recognition - The company holds core independent intellectual property rights and is recognized as a national high-tech enterprise, accumulating extensive experience in PCB R&D and production [4][6]. - As of the end of the reporting period, ChaoYing has obtained 14 invention patents and 85 utility model patents, showcasing its strong R&D capabilities [4][6]. - The company has received numerous honors, including "Invisible Champion Cultivation Enterprise in Hubei Province," "Hubei Province Intelligent Manufacturing Demonstration Unit," and "Green Supply Chain Management Enterprise" from the Ministry of Industry and Information Technology [4][6]. Group 3: Financial Performance - In the reporting period, the company's operating revenue was 3.514 billion yuan, 3.656 billion yuan, and 4.124 billion yuan, exceeding 1 billion yuan cumulatively [10][11]. - The net profit attributable to the parent company was 140.83 million yuan, 266.16 million yuan, and 276.22 million yuan, indicating stable profitability [10][11]. - The net profit after deducting non-recurring gains and losses was 75.12 million yuan, 256.13 million yuan, and 260.60 million yuan, reflecting consistent financial performance [10][11]. Group 4: Listing Standards and Compliance - ChaoYing meets the listing standards of the Shanghai Stock Exchange, with positive net profits over the last three years and a cumulative net profit exceeding 200 million yuan [12]. - The company reported a cumulative operating cash flow of 1.930 billion yuan over the last three years, surpassing the required threshold [12]. Group 5: Fundraising and Future Development - The funds raised from the IPO will be used for projects including high-layer and HDI PCB production and to supplement working capital and repay bank loans, totaling 660 million yuan [15]. - The company aims to become a benchmark enterprise in the global electronic circuit industry by focusing on product innovation, customer-centric approaches, and sustainable development [15].
康创基金：超颖电子电路股份有限公司（603175.SH）在上海证券交易所主板成功上市