爱芯元智下周上市:9个月亏8.6亿 发行价28.2港元

Core Viewpoint - Aixin Yuanzhi Semiconductor Co., Ltd. is set to list on the Hong Kong Stock Exchange next Tuesday, with an issue price of HKD 28.2 and a total fundraising amount of HKD 2.961 billion [2]. Group 1: IPO Details - Aixin Yuanzhi plans to issue 105 million shares, raising a total of HKD 2.961 billion [2]. - The cornerstone investors include companies such as Weir Semiconductor Hong Kong Ltd., New Mar Clothing International Ltd., and several investment funds, collectively subscribing for USD 185 million (approximately HKD 1.443 billion) [3]. Group 2: Financial Performance - Aixin Yuanzhi's projected revenues for 2022, 2023, and 2024 are RMB 50.23 million, RMB 230.13 million, and RMB 472.89 million, respectively, with corresponding gross profits of RMB 12.99 million, RMB 59.24 million, and RMB 99.40 million [5]. - The company is expected to incur operating losses of RMB 481.56 million, RMB 594.22 million, and RMB 656.29 million for the years 2022, 2023, and 2024, respectively [6][7]. - For the first nine months of 2025, Aixin Yuanzhi reported revenues of RMB 269.03 million, compared to RMB 254.21 million in the same period the previous year, with an operating loss of RMB 548.99 million [6][8]. Group 3: Cash Flow and Financial Position - As of September 30, 2025, Aixin Yuanzhi held cash and cash equivalents amounting to RMB 340.43 million [8]. - The net cash used in operating activities for the first nine months of 2025 was RMB 548.88 million, indicating significant cash outflows [8].