Core Viewpoint - Shenzhen Dazhu CNC Technology Co., Ltd. (Dazhu CNC) is preparing for its IPO on the Hong Kong Stock Exchange, with China International Capital Corporation (CICC) as its sole sponsor [1]. Company Overview - Dazhu CNC specializes in the research, production, and sales of PCB (Printed Circuit Board) dedicated production equipment, offering a wide range of solutions across various PCB industry segments [3]. - The company is the largest PCB dedicated production equipment manufacturer in China, holding a market share of 10.1% as of 2024 [3]. - Dazhu CNC's revenue is significantly influenced by the performance of downstream industries that demand electronic devices [3]. Market Position - The PCB dedicated 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 dedicated production equipment to over 10 countries and regions, showcasing its ability to adapt to changing industry trends [3]. Product Performance - The company has a strong focus on drilling equipment, which is a critical process in PCB production, achieving high sales volumes in recent years [4]. - Sales figures for drilling equipment include 2,514 units in 2022, 1,129 units in 2023, and projected sales of 3,119 units in 2024 [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].
大族数控通过港交所聆讯 为中国最大的PCB专用生产设备制造商