来源：市场资讯 （来源：IPO上市实务） 深圳证券交易所上市审核委员会定于2026年3月3日召开2026年第9次上市审核委员会审议会议，审核惠科股份有限公司 （首发）。 | 公司全称 | 惠科股份有限公司 | | --- | --- | | 受理日期 | 2025-06-30 | | 审核状态 | 已问询 | | 保存机构 | 中国国际金融股份有限公司 | | 会计师事务所 | 天健会计师事务所（特殊普通合伙） | | 律师事务所 | 北京市君合律师事务所 | | 评估机构 | 北方亚事资产评估有限责任公司 | 惠科股份有限公司（"惠科股份"）是一家专注于半导体显示领域的中国领先、世界知名的科技公司，主营业务为半导体显 示面板等核心显示器件以及智能显示终端的研发、制造和销售，主要产品包括多种尺寸和类型的TV面板、IT面板、TV终 端、IT终端以及各类智慧物联终端，广泛应用于消费电子、商用显示、汽车电子、工业控制、智慧物联等显示场景。 通过本次首次公开发行股票并上市，公司将进一步巩固在半导体显示领域的竞争优势，提升全球品牌影响力；加大 OLED、Oxide、MiniLED等新型显示技术研发投入和产线布局，提升现 ...

Core Viewpoint - Huike Co., Ltd. is a leading Chinese technology company in the semiconductor display field, focusing on the research, manufacturing, and sales of semiconductor display panels and smart display terminals [2] Group 1: Company Overview - Huike Co., Ltd. specializes in various display products, including TV panels, IT panels, and smart IoT terminals, which are widely used in consumer electronics, commercial displays, automotive electronics, and industrial control [2] - The company is planning to raise 8.5 billion yuan through its IPO, which will be allocated to several projects, including the development of new OLED technology and Mini-LED smart manufacturing [3] Group 2: Financial Projections - For the year 2025, Huike expects its operating revenue to be between 40.725 billion yuan and 40.925 billion yuan, reflecting a year-on-year growth rate of 1.10% to 1.60% [4] - The net profit attributable to the parent company is projected to be between 3.780 billion yuan and 3.880 billion yuan, with a year-on-year increase of 13.86% to 16.87% [4] - The net profit after deducting non-recurring gains and losses is estimated to be between 2.802 billion yuan and 2.912 billion yuan, indicating a growth rate of 9.05% to 13.33% [4] Group 3: Shareholding Structure - Wang Zhiyong controls 52.31% of the voting rights in Huike through Huike Investment and Shenzhen Huitong, and he has significant influence over the company's major decisions as the chairman and general manager [6] - Wang Zhiyong has consistently held more than 51% of the company's shares during his tenure [6] Group 4: Key Personnel - Wang Xin Ying, a board member, is the niece of the actual controller Wang Zhiyong, and she has held various positions within the company since 2014, including investment deputy director and board member [7]

Core Viewpoint - Huike Co., Ltd. has submitted its prospectus for an IPO on the Shenzhen Stock Exchange, aiming to raise 8.5 billion yuan for various projects and operational needs [1][3]. Group 1: Company Overview - Huike Co., Ltd. was established in December 2001, originally as Huike Electronics (Shenzhen) Co., Ltd., with a registered capital of approximately 6.568 billion yuan [2]. - The company specializes in the semiconductor display sector, focusing on the R&D, manufacturing, and sales of display panels and smart display terminals [8]. - Huike ranks third globally in TV panel shipment area, fourth in display panel shipment area, and third in smartphone panel shipment area for the year 2024 [8]. Group 2: Financial Performance - The company's revenue for 2022, 2023, and 2024 is approximately 27.134 billion yuan, 35.797 billion yuan, and 40.310 billion yuan, respectively, with net profits of -2.097 billion yuan, 2.826 billion yuan, and 3.673 billion yuan [8][9]. - The company's asset-liability ratio as of the end of 2022, 2023, and 2024 is approximately 69.10%, 69.47%, and 68.78%, respectively [9][10]. Group 3: Fundraising and Investment Plans - The company plans to use the raised funds for several projects, including 2.5 billion yuan for the Changsha OLED R&D upgrade project, 3 billion yuan for the Changsha Oxide R&D and industrialization project, and 2 billion yuan for the Mianyang Mini-LED smart manufacturing project [2][3]. - A total of 10 billion yuan will be allocated to supplement working capital and repay bank loans [3][10]. Group 4: Shareholding Structure - The major shareholders include Shenzhen Huike Investment Holding Co., Ltd. (50.45%) and Shenzhen Jinfengyang Investment Co., Ltd. (18.25%) [4][6]. - Wang Zhiyong, the chairman and general manager, controls 52.31% of the voting rights through Huike Investment Holding and Shenzhen Huitong [6][8].

Group 1 - The core viewpoint of the news is that Huike Co., Ltd. has officially submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise 8.5 billion yuan for various projects and working capital [1][3] - Huike is a leading technology company in the semiconductor display field, focusing on the research, manufacturing, and sales of semiconductor display panels and smart display terminals [1][2] - The company ranks third globally in TV panel shipment area, fourth in display panel shipment area, and third in smartphone panel shipment area for the year 2024, with a significant lead in the 85-inch LCD TV panel shipment area [1][2] Group 2 - Huike is the first company in mainland China to establish and operate G8.6 high-generation production lines and holds the most G8.6 high-generation lines globally, enabling mass production of various display panels [2] - The company has developed multiple core technologies, enhancing product performance, production efficiency, yield, and cost optimization, which constitute its competitive advantages [2] - Huike has established deep partnerships with numerous global brands, including Samsung, LG, Xiaomi, and others, enhancing its market presence [3] Group 3 - The company's revenue for 2022, 2023, and 2024 was 27.134 billion yuan, 35.797 billion yuan, and 40.31 billion yuan, respectively, with corresponding net profits of -1.428 billion yuan, 2.566 billion yuan, and 3.339 billion yuan [3] - The funds raised from the IPO will be allocated to projects including OLED research and development, Oxide research and industrialization, Mini-LED smart manufacturing, and to supplement working capital and repay bank loans [3]