广东老牌PCB厂撤回IPO

Core Viewpoint - The IPO application of Xinqiang Electronics (Qingyuan) Co., Ltd. has been terminated as the company and its sponsor withdrew the application, according to the Shenzhen Stock Exchange [1][2]. Company Overview - Xinqiang Electronics was established in August 2005 and is located in Qingyuan, Guangdong. The company specializes in the research, production, and sales of printed circuit boards (PCBs), focusing on the mid-to-high-end market, particularly high-end PCBs with eight layers or more [3]. - The average price of the company's products exceeds 2000 yuan per square meter, placing it in the top tier of the industry. The company has a strong reputation and brand advantage in the storage and communication sectors [3]. Financial Performance - The company's revenue from PCB products in the storage sector accounts for approximately 60% to 70% of its total revenue. In 2024, the company is expected to hold a market share of about 12.57% in the global memory module PCB market and 2.57% in the global SSD PCB market [4]. - The company's operating revenues for the years 2022 to 2024 are projected to be 868.73 million yuan, 1 billion yuan, and 998.91 million yuan, respectively. The net profits attributable to the parent company for the same period are expected to be 84.98 million yuan, 131.95 million yuan, and 167.92 million yuan [4]. Financial Metrics - As of December 31, 2024, the total assets of the company are projected to be 1.11 billion yuan, with equity attributable to the parent company at 837.13 million yuan. The asset-liability ratio is expected to be 24.97% [5]. - The company plans to raise 9.62 billion yuan for the "High-Density Interconnection PCB Expansion Project" [6].