Guoxin Technology Science and Technology Innovation Board listing: National Integrated Circuit Fund with a market value of 11.2 billion is a shareholder

Suzhou Guoxin Technology Co., Ltd. (abbreviation: “National Core Technology”, stock code “688262”) was listed on the Science and Technology Innovation Board today.

Guoxin Technology issued 60 million shares this time, with a total issuance of 41.98 yuan and a total fundraising of 2.519 billion yuan.

The opening price of Guoxin Technology was 44 yuan, an increase of 4.8% compared with the issue price; the closing price was 46.72 yuan, an increase of 11.29% compared with the issue price; based on the closing price, the market value of Guoxin Technology was 11.2 billion yuan.

Annual revenue of 262 million

NationalChip is a chip design company focusing on the R&D and industrial application of domestic independent controllable embedded CPU technology. It is mainly used in three key fields of information security, automotive electronics and industrial control, edge computing and network communication.

The IP authorization and chip customization services provided by the company are based on the self-developed embedded CPU technology, which provides key technical support for the realization of the safe, independent and controllable and localized substitution of chips in the three major application areas; the company’s independent chips and module products are currently Information security is the main category, focusing on security applications from “cloud” to “terminal”, covering key fields such as cloud computing, big data, Internet of Things, intelligent storage, industrial control and financial electronics, as well as important areas such as servers, automobiles and intelligent terminals product.

During the reporting period, the company’s main products and services were IP licensing, chip customization services, and independent chip and module products. Among them, chip customization services include custom chip design services and custom chip mass production services.

The prospectus shows that Guoxin Technology’s revenue in 2018, 2019, and 2020 was 195 million yuan, 230 million yuan, and 262 million yuan, respectively; the net profit was 3.1966 million yuan, 31.1364 million yuan, and 47.5482 million yuan respectively.

Guoxin Technology’s net profits after non-deduction in 2018, 2019 and 2020 were 2,795,400 yuan, 14,446,100 yuan, and 25,852,300 yuan, respectively.

In the first half of 2021, Guoxin Technology’s revenue was 140 million yuan, its net profit was 3.17 million yuan, and its net profit after deduction was -5.6068 million yuan.

Guoxin Technology’s revenue in the first nine months of 2021 was 265 million yuan, compared with 98.5 million yuan in the same period last year; the net profit was 36.61 million yuan, and the net loss in the same period last year was 11.685 million yuan; 25.06 million yuan, compared with a net loss of 28.61 million yuan after deducting non-fee for the same period last year.

Guoxin Technology expects revenue of 400 million to 430 million yuan in 2021, an increase of 54.15% to 65.71% over the same period of the previous year; the net profit in 2021 is expected to be between 65 million yuan and 80 million yuan, an increase of 42% to 74.88% over the same period last year ; The net profit is expected to be between 45 million and 60 million, an increase of 87.12% to 149.49% over the same period of the previous year.

National Integrated Circuit Fund as shareholder

Guoxin’s shareholders Zheng Yu, Xiao Zuonan, Kuang Qihe directly hold 14.58% of the company’s equity, and indirectly control 13.79% of the company’s equity through Lianchuang Investment, Sisheng Investment, Sifeng Investment, Sixin Investment, and Xusheng Kechuang. Equity, controlling a total of 28.37% of the company’s equity, with a relatively low shareholding ratio.

Zheng Yu is the chairman, Xiao Zuonan is the director and general manager, and Kuang Qihe is the director and deputy general manager.

Qiyue Fund holds 13.38%, Tibet TEDA holds 10.79%, and National Integrated Circuit Fund holds 8.63%.

After the IPO, the company’s actual controller’s shareholding ratio will be further reduced, and will control 21.28% of the company’s equity.

Among them, Qiyue Fund holds 10.03%, Tibet TEDA holds 8.09%, National Integrated Circuit Fund holds 6.47%, and Zheng Yi holds 5.5%;

Xiao Zuonan and Lianchuang Investment respectively hold 3.85%, Zhang Dixin holds 3.6%, Tianchuang Huaxin holds 3.3%, Jiaxin Jiahe holds 2.95%, Sun Lisheng holds 2.21%, and Chen Songlin holds 2.18% %.

———————————————

Lei Di was founded by senior media person Lei Jianping. If you reprint, please indicate the source.