OmniVision Integrated Circuits Group(SH:603501) Zhi Tong Cai Jing·2025-12-30 23:29Core Viewpoint - The company, OmniVision Technologies, is set to launch an IPO for 45.8 million H-shares at a price of HKD 104.8 per share, aiming to raise approximately HKD 4.693 billion, with a significant portion allocated for R&D and market expansion [1][4]. Group 1: Company Overview - OmniVision is a global fabless semiconductor design company, primarily known for its CMOS image sensors (CIS) [1]. - The company operates in three main business lines: image sensor solutions, display solutions, and analog solutions, targeting high-growth industries such as smartphones, automotive, medical, and security [1]. Group 2: Market Position and Financial Performance - According to Frost & Sullivan, the company ranks as the third-largest digital image sensor supplier globally, holding a market share of 13.7% as of 2024 [2]. - Revenue increased from RMB 20 billion in 2022 to RMB 21 billion in 2023, with a projected growth to RMB 25.7 billion in 2024, reflecting a 22.5% increase [2]. Group 3: Investment and Use of Proceeds - The company has secured cornerstone investment agreements totaling approximately USD 279 million from various investors, indicating strong confidence in its business prospects [3]. - The estimated net proceeds from the IPO will be allocated as follows: 70% for R&D in key technologies, 10% for market penetration and business expansion, 10% for strategic investments/acquisitions, and 10% for working capital and general corporate purposes [4].