Jiwei Network news, on December 13, the Shanghai Stock Exchange officially accepted the application for listing on the Science and Technology Innovation Board of Juquan Optoelectronics Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Juquan Optoelectronics").
According to the prospectus, Juquan Optoelectronics is a leading domestic smart meter chip R & D and design enterprises, the main business is the development, design and sales of smart grid terminal equipment chips, which can provide customers with a wealth of chip products and supporting services. The company's main products include energy metering chips, smart meter MCU chips and carrier communication chips.
The performance is growing rapidly, and the shipment of three-phase measurement chips has been ranked first for many years
Smart meter is the basic equipment of power grid data collection, undertakes the task of energy data measurement, collection and transmission, is an important part of the smart grid, and the company's research and development of the energy metering chip responsible for accurately collecting industrial and residential electricity consumption data, the MCU chip responsible for management and main control of the smart meter, and the carrier communication chip responsible for automatic reading and transmission of data, are important components to achieve the core function of smart meters.
Juquan Optoelectronics since 2006, 2013 and 2009 began to invest in the research and development of various types of energy measurement chips, smart meter MCU chips and carrier communication chips, with high precision, high reliability and low power consumption products, the company has developed into a domestic smart meter chip field product line is relatively complete, the market share of the comprehensive ranking of relatively leading leading enterprises. According to the domestic power grid bidding and customs export data, in the domestic market and export market: the company's three-phase metering chip shipments have been ranked first for many years, single-phase SoC chips have gradually climbed to the first place during the reporting period, and single-phase metering chips and smart meter MCU chips have ranked second. In addition, the high-speed carrier communication chip provided by the company's core design support has obtained the first batch of certification of the State Grid and obtained the chip-level interconnection inspection report, which occupies a certain market share after the product launch, and is one of the mainstream chip solutions in the domestic market.
From 2018 to the first half of 2021, juquan optoelectronics' operating income was 171.3665 million yuan, 300.1765 million yuan, 379.0197 million yuan and 201.8875 million yuan, respectively, of which the compound growth rate of operating income from 2018 to 2020 was 48.72%.
Net profit for the same period was RMB7.7402 million, RMB38.095 million, RMB62.108 million and RMB34.568 million, respectively, and net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB3.1838 million, RMB36.0529 million, RMB60.7597 million and RMB34.2169 million, respectively.
Raised 511 million yuan to continue to increase the number of smart grid terminal equipment chips
According to the company's development plan, the funds raised in this offering are intended to be invested in the "measurement core research and development and industrialization project of dual-core modular smart meter", "management core research and development and industrialization project of double-core modular smart meter" and "smart grid dual-mode communication SoC chip research and development and industrialization project".
The measurement core research and development and industrialization project of the double-core modular smart meter plans to continue to develop a two-core modular smart meter metering chip suitable for the technical specifications of the State Grid smart IoT meter, including its upgraded and iterative version, with a total project investment of 134.1782 million yuan and a project construction period of 36 months. After the completion of the project construction, it will further enrich and improve the company's product line, enhance the company's competitiveness in the field of smart meter metering chips, and improve the company's profitability.
The management core research and development and industrialization project of the two-core modular smart meter plans to continue to develop a two-core modular smart meter management chip suitable for the next generation of intelligent IoT meters of the State Grid, including its upgraded and iterative version, with a total project investment of 126.2046 million yuan and a project construction period of 36 months. After the completion of the project construction, the company's market competitiveness in the field of smart meter management chips will be further enhanced and the company's profitability will be improved.
The Smart Grid Dual-Mode Communication SoC Chip R&D and Industrialization Project plans to continue to develop smart grid dual-mode communication SoC chips, including its upgraded and iterative versions, enabling the company to provide power line carrier high-speed communication and micro-power wireless communication SoC chips that meet smart grid application scenarios. The total investment of the project is 150.7035 million yuan, and the project construction period is 36 months. After the completion of the project construction, the company's product categories will be further enriched and improved, and the company's competitiveness in the field of smart grid terminal equipment chips will be enhanced.
Juquan Optoelectronics intends to use the raised funds of 100 million yuan to supplement the working capital, which will be used for the development of the company's main business, including the research and development investment of other chip products other than the investment direction of the raised funds, the payment of daily chip entrusted processing payments, the payment of employee salaries, and the payment of other daily operating expenses.
Regarding the future development strategy, Juquan Optoelectronics said that the company will continue to focus on the field of smart grid terminal equipment chips such as energy metering chips, smart meter MCU chips and carrier communications and related chips, strengthen the product layout in the above areas, accelerate the research and development of new products and their industrialization, and also actively try to further extend existing products and technologies to the new energy field and industrial automation control field based on battery management, so as to continuously expand the company's business scale. Improve the company's profitability and comprehensive competitiveness, and enhance the company's competitive position in the industry. (Proofreading | new)