Leidi.com Lei Jianping August 6
Huike Co., Ltd. (abbreviation: "Huike shares") IPO was terminated a few days ago.
Huike shares submitted the prospectus on June 24, 2022, and was terminated on August 5, 2023, and the prospectus was updated twice in the middle. Huike shares had planned to raise 9.5 billion yuan.
Among them, 2.4 billion yuan is used for Changsha Huike's medium and large-size OLED semiconductor display device research and development and upgrading project, 1.6 billion yuan is used for the Mini LED direct display and backlight production line expansion project, and 1.55 billion yuan is used for Huike's smart IoT display solution project , 1.1 billion yuan was used for Mianyang Huike Oxide production-research integration project, and 2.85 billion yuan was used to supplement working capital and repay bank loans.
Net loss of 1.4 billion after half-year deductions
Huike Co., Ltd. was established in 2001. It is a company focusing on the field of semiconductor display. Its main business is R&D and manufacturing of core display devices such as semiconductor display panels and intelligent display terminals.
According to the prospectus, Huike's revenue in 2019, 2020, and 2021 will be 10.577 billion yuan, 18.464 billion yuan, and 35.7 billion yuan respectively; net profits will be -1.3 billion yuan, 467 million yuan, and 7.85 billion yuan; The net profits were -1.548 billion yuan, 119 million yuan, and 4.986 billion yuan, respectively.
In the first half of 2022, Huike's revenue was 13.314 billion yuan, its net profit was 156 million yuan, and its net loss after deducting non-existing expenses was 1.4 billion yuan.
The company's overseas sales revenue accounted for a relatively large proportion. During the reporting period, the company's overseas sales revenue accounted for 56.78%, 63.91%, 66.69% and 63.50% of operating revenue.
From 2019 to 2021, the company's operating performance has grown rapidly, mainly due to: (1) The price of semiconductor display panels rebounded from the bottom in the first quarter of 2020, and ushered in a relatively strong and continuous upward period until the third quarter of 2021 (2) The company's new panel production lines in Chuzhou, Mianyang, and Changsha have successively released production capacity, and product sales have increased significantly.
Since the third quarter of 2021, the price of semiconductor display panels has continued to fall, and the average sales unit price of the company's panels from January to June 2022 has dropped by 66.26% compared with 2021. Affected by this, the company's operating performance in the first half of 2022 will decline sharply.
Wang Zhiyong controls 58% of the shares
Wang Zhiyong controls 58.2436% of the shares of Huike through Huike Investment Holdings and Shenzhen Huitong, and can actually control Huike Investment Holdings by serving as the executive director of Huike Investment Holdings, the general partner and executive partner of Shenzhen Huitong Major decision-making with Shenzhen Huitong.
During the reporting period, Wang Zhiyong has always controlled more than 51% of the shares of Huike Co., Ltd., and has been the chairman and general manager of Huike Co., Ltd., and has been able to control the operation policy, decision-making, and the nomination, appointment and removal of directors and management of Huike Co., Ltd. have significant influence. Therefore, Wang Zhiyong is the actual controller of Huike shares.
Wang Zhiyong, born in 1970, served as the general manager of Chongqing Siyou Industrial Co., Ltd. from June 1992 to June 1997; from June 1997 to December 2001, he served as the general manager of Guangzhou Panyu Huipu Electronics Co., Ltd.; from December 2001 From July to June 2002, he served as the director of Huike Co., Ltd.; from July 2002 to April 2016, he served as the chairman and general manager of Huike Co., Ltd.; from April 2016 to present, he served as the chairman and general manager of Huike Co., Ltd.
Before the IPO, Huike Investment Holdings held 50.45%, Shenzhen Jinfeiyang held 18.25%, Shenzhen Huitong held 7.8%, Miantou Group (SS) held 5.32%, and Chongqing Ping An Fund held 4.79% %, Hunan Jinyang (SS) holds 4.13% and Liuyang Urban Construction (SS) holds 2.06%;
BOE Ventures (CS) holds 2%, Qianhai Chaoheng holds 1.17%, Jinpin Ventures holds 1.06%, New Asia Greater China holds 0.83%, Shenzhen Venture Capital (CS) holds 0.82%, DuoKan The shareholding is 0.66%, Shen Zhenyu holds 0.33%, Dongguan Hongtu and Gongqingcheng Meitou hold 0.16% respectively.
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