According to the announcement of the exchange, Hengxuan Technology was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange today (December 16). The company’s stock code is 688608, the issue price is 162.07 yuan per share, and the issue price-earnings ratio is 355.03 times. The company’s stock rose sharply at the opening. 141%, the opening price was 391 yuan per share, and the total market value has exceeded 40 billion yuan.
According to the announcement released by Hengxuan Technology on December 14, the company’s actual net raised funds were approximately RMB 4.759 billion, and the net amount of funds raised was approximately RMB 4.759 billion.
The previous registration draft shows that the company’s raised funds will be invested in the smart Bluetooth audio chip upgrade project, the smart WiFi audio chip research and development and industrialization project, the Type-C audio chip upgrade project, the R&D center construction project, and the development and technology reserve project.
According to the data, Hengxuan Technology was established in June 2015 with a registered capital of 90 million yuan. Its main business is the research and development, design and sales of intelligent audio SoC chips, providing customers with an edge intelligent master control platform with voice interaction capabilities in AIoT scenarios. At present, the products are widely used in low-power smart audio terminal products such as TWS headphones, Type-C headphones, and smart speakers.
In recent years, Hengxuan Technology has developed rapidly, and its operating income and net profit have continued to grow. The registration draft shows that from 2017 to 2019, Hengxuan Technology’s operating income was 84.5657 million yuan, 330 million yuan, and 649 million yuan, respectively, and the net profit attributable to the owners of the parent company was -144 million yuan, 1.7704 million yuan, and 67.3788 million yuan respectively. Yuan.
Hengxuan Technology predicts that the operating income in 2020 will be 980 million to 1.06 billion yuan, an increase of 51.04% to 63.37% over 2019, and the net profit attributable to owners of the parent company is expected to be 170 million to 190 million yuan, a year-on-year increase of 170 million to 190 million. An increase of 152.32% to 182.01%.
At present, Hengxuan Technology’s products have entered the world’s mainstream Android mobile phone brands, including Huawei, Samsung, OPPO, Xiaomi, etc., and also occupy an important position in professional audio manufacturers, including Harman, SONY, Skullcandy and other brands. In addition, the company’s products are currently also used in the audio products of professional audio manufacturers such as Edifier and Wanmo, and Internet companies such as Google, Ali, and Baidu.
It is worth mentioning that Hengxuan Technology has received investment from Ali and Xiaomi Changjiang Industrial Fund. At present, Xiaomi Changjiang Industrial Fund and Ali each hold 4.66% and 3.73% of Hengxuan Technology.
On April 22 this year, the Shanghai Stock Exchange officially accepted the application for listing on the Science and Technology Innovation Board of Hengxuan Technology.