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致远电子IPO终止 产品已进入比亚迪、宁德时代等客户供应链体系

ZY Electronics' IPO has been terminated. The products have entered the supply chain systems of customers such as BYD Company Limited, contemporary amperex technology, etc.

Zhitong Finance ·  Nov 8, 2024 08:02

On November 7, Guangzhou Zhiyuan Electronics Co., Ltd. (referred to as Zhiyuan Electronics) terminated its IPO on the GEM of the Shenzhen Stock Exchange. Due to the withdrawal of the issuance and listing application by Zhiyuan Electronics and the sponsor, the Shenzhen Stock Exchange decided to terminate its review of the issuance and listing according to the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (Revised in 2024)" Article 62.

According to the financial app, on November 7, Guangzhou Zhiyuan Electronics Co., Ltd. (referred to as Zhiyuan Electronics) terminated its IPO on the GEM of the Shenzhen Stock Exchange. Due to the withdrawal of the issuance and listing application by Zhiyuan Electronics and the sponsor, the Shenzhen Stock Exchange decided to terminate its review of the issuance and listing according to the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (Revised in 2024)" Article 62.

The prospectus shows that Zhiyuan Electronics is an industrial asia vets enterprise specializing in the research and development, production, and sales of embedded boards and modules, CAN-bus communication products, testing and measurement instruments, etc. The products are mainly targeted at customers in the new energy autos, photovoltaic energy storage, intelligent manufacturing, medical devices, and other industries, and the company is a national-level "specialized, special, and new" SME.

Among them, Zhiyuan Electronics' embedded board and module product line includes signal isolation products, communication products, power products, core boards, industrial control computers, sensor products, etc. The products are mainly in the form of boards and modules, integrated into customers' products and equipment, providing customers with capabilities such as data acquisition, power management, data communication, edge computing, etc.; the CAN-bus communication product line includes CAN bus interface products, CAN bus data loggers, CAN bus analyzers, and Ethernet interface products.

The company's CAN FD bus interface card, CAN bus analyzer, power analyzer, oscilloscope recorder, and other CAN-bus communication products, testing and measurement instruments have gradually broken the foreign monopoly, gradually replacing imports from foreign manufacturers.

In terms of sales model, the company adopts a sales model that is mainly direct sales and distribution supplemented by e-commerce. Currently, the company's products have entered the supply chain systems of well-known industry customers such as BYD Company Limited, Contemporary Amperex Technology, Sungrow Power Supply, Tiandi Science & Technology, Jiangsu Yuyue Medical Equipment & Supply, fostering long-term and good cooperation with downstream customers.

The company intends to publicly issue no more than 20 million RMB ordinary shares to the public this time, with the raised funds after deducting the issuance expenses to be invested in the following projects:

Financially, in 2021, 2022, and 2023, Zhiyuan Electronics achieved revenues of approximately 0.415 billion, 0.485 billion, and 0.477 billion RMB respectively; while the net income during the same period was approximately 0.126 billion, 0.158 billion, and 0.121 billion RMB respectively.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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