昂瑞微：深耕射频前端和无线通信领域 努力成为国际一流集成电路设计企业

Core Viewpoint - Beijing Angrui Microelectronics Technology Co., Ltd. successfully held an online investor communication meeting for its initial public offering (IPO) and listing on the Sci-Tech Innovation Board, emphasizing its commitment to technological innovation and market expansion in the integrated circuit industry [1][2]. Company Overview - The company specializes in the design of RF and analog integrated circuits, focusing on high-performance and reliable chip products and solutions [1][4]. - It is recognized as a national-level "little giant" enterprise, emphasizing its role in the domestic integrated circuit industry [1][4]. Business Performance - The company reported significant revenue growth, with revenues of 92,304.47 million, 169,487.05 million, 210,131.97 million, and 84,359.13 million for the years 2022, 2023, 2024, and the first half of 2025, respectively, reflecting a compound annual growth rate of 50.88% [11]. - The gross profit margins for the same periods were 17.06%, 20.08%, 20.22%, and 22.62%, indicating a consistent upward trend [13]. Research and Development - The company has invested heavily in R&D, with expenses of 26,999.86 million, 39,632.84 million, 31,384.40 million, and 13,835.77 million over the same periods, resulting in R&D expense ratios of 29.25%, 23.38%, 14.94%, and 16.40% [14]. - It has developed 11 core technologies in RF front-end and RF SoC chips, with multiple intellectual property rights achieved [7][10]. Market Position - The company has successfully entered the supply chains of major smartphone brands, including Honor, Samsung, and Xiaomi, and is expanding into the automotive sector [8]. - In the RF front-end market, the company ranks among the top three domestic manufacturers, competing against international giants like Qualcomm and Broadcom [21][22]. Future Development Plans - The company aims to deepen its focus on RF and analog chip markets, enhancing product lines and expanding applications in various fields such as smartphones, smart cars, and satellite communications [15]. - It plans to leverage its technological advantages to transition from a domestic supplier to a global competitor in the RF and analog chip markets [15]. Funding and Investment - The company plans to use the proceeds from its IPO for R&D and industrial upgrades in 5G RF front-end chips and modules, as well as the construction of its headquarters and R&D center [26][27].