红板科技拿到IPO注册批文，拟登陆上交所主板

Core Viewpoint - Hongban Technology has received approval from the China Securities Regulatory Commission for its initial public offering (IPO) and plans to list on the Shanghai Stock Exchange [1] Group 1: IPO Progress - The company passed the listing committee review on October 31 and submitted the registration application on the same day, receiving approval just 20 days later on November 20 [1] - Guolian Minsheng Securities is the underwriting institution for this issuance [1] Group 2: Industry Position and Market Performance - Hongban Technology has achieved large-scale production in high-layer HDI board manufacturing, with a maximum layer count of 26, positioning itself among the industry leaders [3] - In 2024, the company is expected to ship 154 million mobile HDI boards, capturing a 13% market share; it also ranks among the top ten suppliers for seven major global smartphone brands in mobile battery boards, achieving a 20% market share [3] - The company has made significant technological breakthroughs in IC carrier boards, becoming one of the few domestic firms capable of mass production in this area [3] Group 3: Client Base and Partnerships - Hongban Technology has established a broad customer base across various sectors, including consumer electronics, automotive electronics, high-end displays, and communication electronics [3] - Key partners include major brands like OPPO, vivo, Honor, and Motorola, as well as ODM manufacturers such as Huaqin Technology and Wentai Technology, and lithium battery producers like Dongguan Xinnengde and XWANDA [3] Group 4: Fundraising and Future Plans - The funds raised from the IPO will primarily be used for a project aimed at producing 1.2 million square meters of high-precision circuit boards annually, enhancing the company's high-end product manufacturing capabilities [3] - The company has established a standardized fundraising management system to ensure the safe and efficient use of funds [3] Group 5: Financial Performance - Financial data shows steady growth in revenue from 2.205 billion yuan in 2022 to an expected 2.702 billion yuan in 2024, with net profit (excluding non-recurring items) fluctuating between 120 million yuan and 194 million yuan during the same period [4] - For the first half of 2025, the company reported revenue of 1.71 billion yuan and a net profit of 233 million yuan [4] Group 6: Strategic Focus - Looking ahead, Hongban Technology aims to focus on cutting-edge application areas such as AI computing power, low-orbit satellites, intelligent cockpits, optical modules, and smart driving [4] - The company plans to enhance its core competitiveness and market share through independent innovation and international collaboration, aspiring to become a benchmark enterprise in the global HDI board sector [4]