Caixin News, September 13 (Reporter Wang Biwei) After announcing the suspension of the ChiNext IPO in May this year, tonight, the leading company in the supply chain, Goertek Inc. (002241.SZ), announced that it plans to spin off its subsidiary Goertek Microelectronics Co., Ltd. (referred to as 'Goertek Micro') for listing on the main board of the Hong Kong Stock Exchange. Goertek Micro is about to embark on its second IPO attempt.

Goertek Inc. stated that after the spin-off, there will be no significant changes in the company's equity structure, and it will still maintain control over Goertek Micro. According to Tianyancha data, Goertek Inc. currently holds 85.8988% of the shares of Goertek Micro, and Qingdao Microelectronics Innovation Center Co., Ltd. holds 2.6624% of the shares, while Song Qinglin and Jiang Long each hold 1.8468% of the shares.

Goertek Micro originated from the MEMS research and development team established by Goertek Inc. in 2004. The company is mainly engaged in the research, development, production, and sales of MEMS devices and microsystem module. Starting from 2017, Goertek Micro was established as a wholly-owned subsidiary to operate independently. From 2021 to 2023, the company's operating income is 3.348 billion yuan, 3.125 billion yuan, and 3.015 billion yuan respectively.

According to Goertek Inc., the semiconductor industry and business characteristics of Goertek Micro are significantly different from its other businesses. After its independent listing, Goertek Inc. can focus more on resources and increase investment in precision components such as optics, acoustics, micro-displays, as well as smart hardware fields such as meta universe (VR/MR/AR/smart glasses), smart wearables, and smart headphones, and have positive interactions with Goertek Micro's MEMS sensors and microsystem module business.

After this spin-off listing, Goertek Inc. and Goertek Micro will play important roles in the global AI+ terminal industry chain, further deepen long-term differentiated cooperation with international high-quality customers, and enhance customer service stickiness and influence.

It is worth noting that this is not Goertek Micro's first attempt at IPO. On December 28, 2021, Goertek Micro submitted an application for listing on the ChiNext of the Shenzhen Stock Exchange. It was approved by the listing committee meeting in October 2022, but the company did not submit the registration thereafter. It was not until May 27, 2024, that Goertek Micro officially terminated the IPO application.

In recent years, policies for spin-off listings have become stricter. In April of this year, the new 'Nine Article' clearly stated the need for 'strict regulation of spin-off listing'. Since then, many spin-off listings, including Goertek Micro, have been announced to be terminated.

今回の香港上場は、政策の導入が明白な動機です。「香港上場は、国の支援を受ける条件に合致する業界のリーダー企業が香港上場する政策に会社が応じたもので、内陸の資本市場の環境とguruweisの将来の成長戦略を総合的に考慮した上で慎重に決定を下しました。」goertek inc.側がFinance Economicsに語ったと伝えられています。

2024年4月、中国証券監督管理委員会は香港との資本市場協力に関する5つの措置を発表し、内地の業界リーダー企業の香港上場に対してさらに連携し、関連部門とのコミュニケーションと調整を強化し、資金調達を支援します。4月19日、証監会は「資本市場にサービスを提供するテクノロジーエンタープライズの高水準の発展を支援する16の措置」を発表し、科学技術型企業が法規に従って海外上場し、海外上場の登録制度を実施し、科学技術型企業の海外上場の資金調達と発展を更に支援することを提案しています。