Core Viewpoint - Shanghai Weian Electronics Co., Ltd. (hereinafter referred to as "Weian" or "the company") is a comprehensive solution provider focused on circuit protection and power control, with a recent history of attempting to go public but withdrawing its IPO application due to market conditions [1][2]. Company Overview - Weian was established on May 2, 1996, with a registered capital of 63.82 million yuan, and is headquartered in Shanghai [1][2]. - The company is primarily engaged in the research, production, and sales of electronic components, power semiconductor discrete devices, and analog integrated circuits [2]. Financial Performance - In 2022, Weian reported total assets of 988.33 million yuan, an increase from 981.24 million yuan in 2021 and 731.00 million yuan in 2020 [3]. - The company's operating revenue for 2022 was 1.188 billion yuan, up from 1.153 billion yuan in 2021 and 784 million yuan in 2020 [3]. - Net profit for 2022 was 126.85 million yuan, slightly up from 125.97 million yuan in 2021 and 79.11 million yuan in 2020 [3]. - The company maintained a debt-to-asset ratio of 24.58% in 2022, down from 28.07% in 2021 [3]. - Research and development expenses accounted for 8.96% of operating revenue in 2022, compared to 7.76% in 2021 [3]. Shareholding Structure - The controlling shareholder of Weian is Shanghai Materials Research Institute Co., Ltd., which holds 35.31% of the shares [4]. - Through a concerted action agreement with several entities, the controlling shareholder effectively controls 59.80% of the voting rights in the company [4]. - Recent changes in the company's board included the exit of key members and the appointment of new directors and supervisors [4].

Core Viewpoint - Shanghai Weian Electronics Co., Ltd. (hereinafter referred to as "Weian" or "the company") has restarted its IPO counseling process with the intention to list on the A-share market after previously withdrawing its application due to market conditions [1][2]. Company Overview - Weian was established on May 2, 1996, with a registered capital of 63.822523 million yuan, and is primarily engaged in the research, production, and sales of electronic components, power semiconductor discrete devices, and analog integrated circuits [2]. - The company is controlled by Shanghai Materials Research Institute, which holds a 35.31% stake [1]. Financial Performance - In terms of financials, Weian's total assets increased from 731.00 million yuan in 2020 to 988.33 million yuan in 2022 [3]. - The company's operating revenue rose from 784 million yuan in 2020 to 1.188 billion yuan in 2022, while net profit increased from 79.10 million yuan to 126.85 million yuan during the same period [3]. - The net profit attributable to the parent company was 126.85 million yuan in 2022, with a basic and diluted earnings per share of 1.99 yuan [3]. - The company's R&D investment as a percentage of operating revenue was 8.96% in 2022, up from 7.75% in 2020 [3]. IPO Process - Weian had previously applied for an IPO on the Shanghai Stock Exchange in June 2023 but withdrew the application due to changes in market conditions. The Shanghai Stock Exchange decided to terminate the review of the company's IPO application in January 2025 [1][2]. - The current IPO counseling is being conducted by CITIC Securities, with the accounting firm being Lixin Certified Public Accountants and the legal firm being Shanghai Guangfa Law Firm, all of which were involved in the previous IPO attempt [2].