"Science and Innovation Board Daily" reported on October 12th Aisen Co., Ltd. Science and Technology Innovation Board IPO application was accepted a few days ago.
In this IPO, the company plans to raise 711 million yuan for the integrated circuit materials testing center project, an annual output of 12,000 tons of semiconductor special material project, and a supplementary working capital project.
prospectus shows that Aisen Co., Ltd. is mainly engaged in the research and development, production and sales of electronic chemicals. The products are widely used in integrated circuits, new electronic components and display panels industries.
Company's customers are mainly concentrated in the fields of integrated circuit packaging and new electronic component manufacturing, covering domestic integrated circuit packaging and testing leading manufacturers such as Changdian Technology , Tongfu Microelectronics , Huatian Technology , Riyuexin, and internationally renowned electronic component manufacturers such as Guoju Electronics and Huaxinke.
At present, Aisen Co., Ltd.'s advanced packaging uses g/i line negative photoresist, OLED array manufacturing positive photoresist (two film layers) and wafer manufacturing i line positive photoresist has also passed the certification of Changdian Technology, BOE and Huahong Hongli and obtained small-scale orders respectively.
The company's main products are closely integrated with the downstream industry, and are characterized by large R&D investment, long R&D cycle, and long certification time for downstream customers. The formula design, raw material selection, formula ratio, and process control parameters of new products need to undergo repeated demonstration and testing work, and need to pass long-term and strict certification from customers. Therefore, it takes a long time for new products to go from research and development to formal investment in industrialization, usually 2-5 years.
Financial data shows that the company's revenue from 2019 to 2021 was RMB 176 million, RMB 209 million and RMB 314 million respectively; the corresponding net profit attributable to shareholders during the same period was RMB 17.094 million, RMB 23.3477 million and RMB 34.9904 million respectively.
It is worth noting that during each period of the reporting period, the gross profit margins of 's main business were 36.32%, 35.87% and 29.31%, respectively, and the gross profit margin showed a continuous decline. In response to this, Aisen Co., Ltd. stated that mainly due to the sharp rise in tin prices, the revenue share of electroplating supporting materials continued to increase, but the gross profit margin level was low, which lowered the gross profit margin level of the company's main business.
