Core Viewpoint - Shenzhen Dazhu CNC Technology Co., Ltd. (Dazhu CNC) is undergoing a listing hearing on the Hong Kong Stock Exchange, with CICC as its sole sponsor [1]. Company Overview - Dazhu CNC specializes in providing production equipment solutions for the PCB (Printed Circuit Board) industry, focusing on the research, production, and sales of PCB-specific production equipment [3]. - The company operates across various sectors, including server and data storage, automotive electronics, mobile phones, computers, and consumer electronics [3]. - Dazhu CNC is the largest PCB production equipment manufacturer in China, holding a market share of 10.1% as of 2024 [3]. Market Position - The PCB equipment industry is competitive and fragmented, with the top five manufacturers accounting for approximately 23.9% of the total market share in China as of 2024 [3]. - Dazhu CNC has sold PCB production equipment to over 10 countries and regions, demonstrating its ability to adapt to changing industry trends [3]. Product Performance - The company has a diverse product portfolio, including drilling equipment, which is a critical process in PCB production [4]. - Sales figures for drilling equipment from 2022 to 2025 show a significant increase, with 2,514 units sold in 2022, 1,129 in 2023, and projected sales of 4,499 units in 2025 [4]. Financial Performance - Dazhu CNC reported revenues of RMB 2.786 billion in 2022, RMB 1.634 billion in 2023, RMB 3.343 billion in 2024, and projected RMB 4.314 billion for the ten months ending October 31, 2025 [6]. - The company recorded profits of RMB 432 million in 2022, RMB 136 million in 2023, RMB 300 million in 2024, and projected RMB 519 million for the ten months ending October 31, 2025 [7].
新股消息 | 大族数控(301200.SZ)通过港交所聆讯 为中国最大的PCB专用生产设备制造商