Core Viewpoint - Angrui Microelectronics Technology Co., Ltd. (stock code: 688790) was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with an opening price of 240.00 CNY and a closing price of 216.05 CNY, reflecting a rise of 160.11% and a trading volume of 2.061 billion CNY [1]. Company Overview - Angrui Micro is focused on integrated circuit design in the RF and analog fields, recognized as a national-level "little giant" enterprise [1]. - The company specializes in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [1]. Shareholding Structure - The company's shares are widely held, with no single shareholder controlling more than 30% of voting rights, thus no controlling shareholder is identified [1]. - The actual controller, Qian Yongxue, holds 3.8578% of shares directly and controls 52.4783% of voting rights post-IPO [2]. IPO Details - Angrui Micro's IPO involved issuing 24.882922 million shares, accounting for 25.00% of the total post-issue share capital, at a price of 83.06 CNY per share [3]. - The total funds raised amounted to 206.67755 million CNY, with a net amount of 193.23227 million CNY after deducting issuance costs [4]. Fund Utilization - The raised funds will be allocated to projects including the R&D and industrialization of 5G RF front-end chips and modules, RF SoC R&D, and the construction of headquarters and R&D centers [4][5]. Financial Performance - Revenue for 2022, 2023, and 2024 was reported as 923.0447 million CNY, 1.6948705 billion CNY, and 2.1013197 billion CNY respectively, with net losses of -289.8854 million CNY, -450.1332 million CNY, and -64.7092 million CNY [6][7]. - The company reported a significant increase in cash flow from operating activities in 2025, with a net cash flow of 7.51225 million CNY [8]. Future Projections - For 2025, Angrui Micro anticipates revenue between 1.9054112 billion CNY and 2.2749068 billion CNY, with net losses projected between -112.86 million CNY and -41.7088 million CNY [11]. - The company expects to continue facing cumulative losses, which will prevent cash dividends to shareholders for a certain period [12].
昂瑞微上市募20.7亿首日涨160% 累计未弥补亏损12.8亿