Venture(US:VEMLY) Jing Ji Guan Cha Wang·2025-12-12 04:58Core Viewpoint - Chengdu Hongming Electronics Co., Ltd. is officially at the key verification stage of its IPO on the Shenzhen Stock Exchange's ChiNext board, backed by Shenwan Hongyuan Securities, marking a significant step in its capital market journey [1][2] Financial Performance - The company's revenue for 2022, 2023, and 2024 is projected to be 3.146 billion, 2.727 billion, and 2.494 billion yuan respectively, with corresponding net profits of 468 million, 388 million, and 252 million yuan, indicating short-term fluctuations [1] - In the first half of 2025, the company has already achieved revenue of 1.528 billion yuan and a net profit of 249 million yuan, showing signs of recovery [1] - The company anticipates a revenue of 2.64 billion yuan and a net profit of 324 million yuan for the year 2025, representing a year-on-year growth of 20.75% [1] IPO Fundraising and Project Focus - The IPO aims to raise 1.951 billion yuan, which will be allocated to eight core projects, including the industrialization of high-energy pulse capacitors and the production of new electronic components and integrated circuits [2] - 450 million yuan, accounting for 23% of the total fundraising, will be used to supplement working capital, supporting business expansion and technological iteration [2] Business Stability and Growth - The stability of the company's performance is a key focus of the IPO review, with the company providing a special response to address this concern, emphasizing that its high-reliability electronic components business will be the core support for revenue in 2025 [2]