Electronics

On May 26, Biyi micro (64.850,9.70,17.59%) (688045. SH), a power management chip enterprise of the whole scheme, officially landed on the science and innovation board. The company issued a total of 17.2623 million new shares at an issue price of 55.15 yuan per share, with a total fund-raising of 952 million yuan. After deducting the issuance expenses, the net fund-raising reached 861 million yuan, realizing 32.92% over raising.

In this fund-raising, the company will mainly invest in the development and industrialization project of power management series control chips, the development and industrialization project of motor-driven control chips and the construction project of R & D center, promote the company to realize the upgrading of existing product technology and the development of new application fields, enhance R & D strength and enhance the company's core competitiveness.

Full solution power management chip supplier, 700 models, covering many well-known downstream enterprises

Established in 2014, Biyi wecheng is mainly engaged in the design and sales of power management chips. Its products are widely used in LED lighting, general power supply, household appliances, IOT and other fields. According to the prospectus, at present, the company has more than 700 specifications and models of power management chips in production, and the company has become the main supplier of full solution power management chips in China.

In the past two years, with the rapid growth of downstream demand for analog chips and the continuous improvement of the company's product recognition, the company's revenue and profit continued to grow. It is disclosed that from 2019 to 2021, the company achieved revenue of 348 million yuan, 429 million yuan and 887 million yuan respectively, with a year-on-year growth rate of 106.52% in 2021. The net profit attributable to the parent company in recent three years was 21.5966 million yuan, 38.5621 million yuan and 240 million yuan respectively, with a year-on-year growth rate of 521.61% in 2021. With the rapid increase of business scale, the scale effect of the company is obvious. The expense rate decreased significantly during 2021. At the same time, driven by the strong demand of the downstream market, the gross profit margin and net profit margin of the company increased significantly, reaching 43.21% and 26.78%.