定价83.06元/股！688790，周五申购

Core Viewpoint - Angrui Micro's IPO aims to raise approximately 2.067 billion yuan, with a share price set at 83.06 yuan per share, reflecting strong investor confidence and strategic partnerships in the RF chip market [1][2][3][4]. Company Overview - Angrui Micro, established in 2012, specializes in RF and analog integrated circuit design and is recognized as a national-level "little giant" enterprise [3]. - The company focuses on the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips, providing high-performance, reliable, low-power, and highly integrated products [3]. IPO Details - The IPO will issue 24.8829 million shares, all through public offering, with the subscription starting on December 5 and results announced on December 9 [1][2]. - The total expected fundraising amount is 2.067 billion yuan, with a net amount of approximately 1.932 billion yuan after deducting issuance costs [1][2]. Market Potential - The global RF front-end market is projected to reach 24.7 billion USD by 2028, indicating significant growth opportunities for Angrui Micro [3]. - From 2022 to 2024, the company's revenue is expected to grow from 923 million yuan to 2.101 billion yuan, with a compound annual growth rate exceeding 50% [3]. Business Applications - Angrui Micro has diversified its business across various sectors, including automotive communication, satellite communication, and IoT, with products already in mass production for major automotive brands and flagship mobile devices [3]. - The company’s RF SoC revenue is projected to reach 295 million yuan in 2024, reflecting a year-on-year growth of 49.5% [3]. Fund Utilization - The funds raised from the IPO will be allocated to the R&D and industrialization of 5G RF front-end chips and modules, RF SoC development, and the construction of headquarters and R&D centers [4]. - These investments are crucial for enhancing R&D capabilities and expanding into high-end markets and emerging applications in satellite and automotive wireless communication [4].