宏明电子拟IPO募资19.51亿元 营收净利润逐年下降

Core Viewpoint - Chengdu Hongming Electronics Co., Ltd. is preparing for an IPO on the Shenzhen Stock Exchange, aiming to raise 1.951 billion yuan, despite experiencing a decline in revenue and net profit over the past few years [1][2]. Financial Performance - The company reported revenues of 3.146 billion yuan in 2022, 2.727 billion yuan in 2023, 2.494 billion yuan in 2024, and 1.528 billion yuan for the first half of 2025. - Corresponding net profits were 476 million yuan, 412 million yuan, 268 million yuan, and 257 million yuan for the same periods [1]. Business Overview - Hongming Electronics, originally established as a state-owned enterprise in 1958, specializes in the research, production, and sales of new electronic components, primarily focusing on resistive and capacitive components [1]. - The company's products are mainly used in consumer electronics such as tablets and laptops, as well as in new energy batteries and automotive electronic components [1]. Shareholding Structure - The actual controller of Hongming Electronics is the Sichuan State-owned Assets Supervision and Administration Commission, with Sichuan Energy Development Group's Chuan Investment Trust holding 56.50% of the shares, making it the controlling shareholder [1]. IPO Fund Utilization - The IPO proceeds of 1.951 billion yuan will be allocated to eight major projects, including the industrialization of high-energy pulse capacitors and the production of new electronic components and integrated circuits. - Approximately 450 million yuan (about 23%) will be used to supplement working capital [2].