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必易微大股东拟询价减持3%股份,业绩承压、股价破发引关注
Nan Fang Du Shi Bao· 2025-06-16 11:15
Core Viewpoint - The major shareholder of Biyimi plans to reduce their stake by 3% through a pricing inquiry, raising concerns about the company's future amid ongoing financial struggles and market volatility [1][3]. Group 1: Shareholder Actions - Biyimi's major shareholder, Yuan Chengjun, intends to transfer 209.51 million shares, representing 3% of the total share capital, at a price of 28.59 yuan per share, totaling approximately 59.89 million yuan [1]. - The transfer has been fully subscribed by three institutional investors, and the shares cannot be transferred by the buyers for six months post-acquisition [1]. - Following the transfer, Yuan Chengjun's shareholding will decrease from 9.69% to 6.69% [1]. Group 2: Company Performance - Biyimi has experienced declining performance since its listing on the STAR Market in May 2022, with revenues dropping from 8.87 billion yuan in 2021 to an expected 6.88 billion yuan in 2024 [2]. - The company reported a net profit loss of 131.32 million yuan in Q1 2023, a significant decline of 4708.31% year-on-year, with a total loss of 36 million yuan over the past two years [2]. - Despite the losses, Biyimi is adjusting its product structure, with revenue from new products like motor drivers and DC-DC converters increasing by 61.29% [2]. Group 3: Market Reaction - As of June 16, Biyimi's stock closed at 31.90 yuan per share, down over 40% from its issue price and 60% from its historical high in August 2022, with a market capitalization of only 2.228 billion yuan [3]. - The stock has faced continuous pressure, with net outflows of major funds for four consecutive days and a trading volume of only 28.81 million yuan on the day of the report [3]. - Investor sentiment is mixed, with concerns about increased stock price volatility due to the shareholder's reduction and ongoing financial losses, while some analysts believe in the company's long-term potential due to its focus on R&D and high-margin product lines [3].
纳芯微港股IPO:270亿市值模拟芯片龙头“双平台”突围
Jing Ji Guan Cha Bao· 2025-04-28 11:20
Core Viewpoint - Suzhou Naxin Microelectronics Co., Ltd. (Naxin Micro) has submitted an application for listing on the Hong Kong Stock Exchange, aiming to raise funds for its internationalization strategy, marking a significant step for Chinese analog chip companies towards global capital integration [1] Group 1: Company Overview - Naxin Micro is focused on developing products around downstream application scenarios, concentrating on three main product areas: sensors, signal chains, and power management, covering automotive electronics, energy, and consumer electronics [1] - The company plans to enhance its product line and competitiveness in the consumer electronics and new energy vehicle markets through the acquisition of magnetic sensor company Meigen [1] Group 2: Financial Performance - Naxin Micro's revenue for 2022, 2023, and 2024 was 1.67 billion, 1.31 billion, and 1.96 billion respectively, showing a fluctuating growth trend, while the net profit has been in continuous loss for two years, totaling approximately 700 million [2] - The main reasons for the losses include intensified market competition leading to a significant drop in product prices (sensor average price decreased by 64%), high R&D expenditures (5.4 billion in 2024, accounting for 27.5% of revenue), and increased equity incentive costs [2] Group 3: Market Position and Strategy - Naxin Micro aims to build a global sales network and strengthen its technological advantages while addressing the current reliance of China's analog chip supply chain on international manufacturers (with only 5% localization rate for automotive chips) [4] - The A+H listing journey of Naxin Micro reflects the broader trend of semiconductor localization in China and serves as a test of its technological strength and strategic execution [4]