Canrui Technology Innovation Board IPO accepted, revenue and profit increased steadily

According to the official website of Shanghai Stock Exchange, on December 22, the IPO of Shanghai canrui Technology Co., Ltd. (hereinafter referred to as "canrui technology") on the science and Innovation Board was accepted and Citic Securities Company Limited(600030) was its sponsor. The company plans to raise 1.55 billion yuan, which will be used for high-performance sensor R & D and industrialization projects, power management chip R & D and industrialization projects, special integrated circuit packaging construction projects, R & D center construction projects and supplementary working capital.

Public information shows that canrui technology is a high-tech enterprise specializing in the R & D, design, packaging, testing and sales of high-performance digital analog hybrid integrated circuits and analog integrated circuits. Its main products and services are intelligent sensor chips, power management chips and packaging and testing services. It is widely used in many fields, such as smart home, smart phone, wearable device, financial security, industrial control and so on. It covers many well-known brand customers at home and abroad, including Gree, Midea, ant group, Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Xiaomi, etc.

By the first half of 2021, the company has obtained 62 domestic patents (including 27 invention patents), 16 overseas patents (including 12 invention patents), 59 exclusive rights of integrated circuit layout design and 7 software copyrights, forming a complete independent intellectual property system.

With years of R & D accumulation, in-depth development of product line and accurate grasp of customer demand, the company not only covers a wide range of products, but also attracts the favor of many well-known brands. The performance also showed significant growth. According to the prospectus, from 2019 to the first half of 2021, the company achieved revenue of 199 million yuan, 290 million yuan and 227 million yuan respectively, with corresponding net profits of 22.8531 million yuan, 43.6525 million yuan and 44.809 million yuan respectively. The net profit in the first half of this year has exceeded that of last year and increased rapidly.

Canrui technology said that in the future, the company will always focus on product R & D and technology upgrading, continuously optimize the product structure according to the needs of downstream customers, and provide customers with intelligent sensor chips and power management chips with excellent performance parameters, good reliability and high stability. At the same time, through the construction of fund-raising projects, we will strengthen the research on basic core technologies and cutting-edge technologies in emerging fields such as automotive electronics, medical testing, positioning and navigation, further improve the ability of independent R & D and innovation, strengthen the advantages of technology R & D and enhance our market competitiveness.

(Securities Daily)

 

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