Aug 13, 2021 (China Knowledge) - Shanghai Awinic Technology (688798) to start trading on the Shanghai Stock Exchange's STAR Market Aug 16, next Monday. The firm has issued 41.80 mln shares priced at RMB 76.58 per share raising RMB 3.2 bln. Its price-to-earnings ratio (PE) stands at 141.71. During subscription the IPO was 4,016 times oversubscribed.
CITIC Securities acts as the lead underwriter and sponsor for the IPO.
Shanghai Awinic Technology is a China-based integrated circuit (IC) design company. The Company is mainly engaged in design, research and development, manufacturing outsourcing management and sales of analog, radio frequency (RF) and digital-analog hybrid IC products. The Company has three product series: audio series, including music amplifier and audio amplifier products; power supply series, including charge management, backlight drive, flash drive, OTG products, LED breathing lights and other chip products, as well as RF gadgets, including EZFM low-noise amplifiers and GNSS dedicated low-noise amplifiers. The Company's products and solutions cover domestic mobile phone manufacturers and others.
In FY 2020, Shanghai Awinic Technology garnered a total revenue of RMB 1.44 bln, up 41% YoY. In terms of net income, it achieved RMB 101.69 mln, rising 13% YoY. In Q1 2021, the company reported revenue of RMB 1.07 bln, a YoY increase of 110%, and its net profits reached RMB 122.03 mln, up 150% YoY.
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