In this IPO, the company plans to raise 530 million yuan for smart power semiconductor R&D and upgrade projects, SiC power device R&D and upgrade projects, power semiconductor R&D engineering center upgrade projects, and supplementary working capital.

2024/05/1905:07:33 hotcomm 1213

"Science and Technology Innovation Board Daily" reported on June 10 that Kaiweite Science and Technology Innovation Board IPO application has been accepted.

In this IPO, the company plans to raise 530 million yuan for intelligent power semiconductor R&D and upgrade projects, SiC power device R&D and upgrade projects, power semiconductor R&D engineering center upgrade projects, and supplementary working capital. The

prospectus shows that Kaiwit’s main business is the design, research and development and sales of power semiconductors, and provides related technical services. The main products include power devices and power IC.

In terms of power devices, the company's products are mainly high-voltage planar MOSFETs, and it has designed and developed a series of integrated fast recovery high-voltage power MOSFETs (FRMOS) based on the planar MOSFET process platform; in terms of power ICs, the company focuses on power driver ICs and Power management IC. In addition, in terms of third-generation semiconductors, the company's SiC power devices have been shipped in small batches.

During the reporting period, Kaiwit's main product that achieved large-scale sales was planar MOSFET. The revenue from this product accounted for 86.71%, 88.39% and 83.07% of the main business revenue respectively, and the revenue from a single product category accounted for a relatively high proportion. In addition, Kaiwit’s purchases from the top five suppliers accounted for 89.74%, 91.41% and 76.55% of the total purchases for the period respectively. Among them, the purchases from the largest supplier accounted for 89.74%, 91.41% and 76.55% of the total purchases for the period respectively. are 51.68%, 42.40% and 34.98%, indicating a high degree of supplier concentration.

Kaiweit admitted that the company has certain risks, including unsustainable high-speed revenue growth, declining downstream demand and product sales prices, fluctuations in gross profit margins, and a relatively single product revenue structure, etc.

It is worth noting that before this issuance, Hope Investment held 2.86% of the shares. Hewang Investment is a wholly-owned subsidiary of Shenzhen Hewang Electric Co., Ltd. (stock code 603063), a company listed on the Shanghai Stock Exchange.

In this IPO, the company plans to raise 530 million yuan for smart power semiconductor R&D and upgrade projects, SiC power device R&D and upgrade projects, power semiconductor R&D engineering center upgrade projects, and supplementary working capital. - DayDayNews

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