Hongjing Optoelectronics plans to raise nearly 488 million yuan during the IPO

The Zhitong Finance App learned that on October 14, Guangdong Hongjing Optoelectronics Technology Co., Ltd. (abbreviation: Hongjing Optoelectronics) Shenzhen Stock Exchange GEM IPO passed the Listing Committee meeting. The sponsor is Shenwan Hongyuan Securities, which plans to raise 487.65 million yuan.

According to the prospectus, Hongjing Optoelectronics is a high-tech enterprise specializing in R&D, design, production and sales of optical lenses and camera module products. It is committed to providing professional optical imaging and video imaging solutions to the global optoelectronic field, continuously creating greater value for customers and enriching people's lifestyles.

The company's main products include smart car optical lenses and camera modules and emerging consumer optical lenses and camera modules. Among them, smart car products are used in smart cockpits, intelligent driving, and emerging consumer products are used in smart homes, panoramic/action cameras and other products.

Through years of operation and development, Hongjing Optoelectronics has established stable cooperative relationships with many Tier 1 and EMS manufacturers, and its products have entered well-known domestic and foreign brands such as Daimler-Benz, Nissan, Honda, Chery, BYD, Geely, Great Wall, Aian, NIO, Xiaopeng, Feifan, Lotus, Ring, Blink, Anker, Insta 360, 70mai, etc.

In the smart car sector, according to the TSR research report, according to shipment volume statistics, Hongjing Optoelectronics had a market share of 3.70% in the global automotive optical lens market in 2022, ranking sixth in the world. Among them, in the field of automotive imaging optical lenses, the company's market share was 3.10%, ranking 7th in the world; in the field of automotive imaging and imaging+perception optical lenses, the company's market share was 3.70%, ranking fifth in the world.

In the smart home field, Hongjing Optoelectronics has become an important supplier for high-end smart home camera brands Ring, Blink, and Anker in the European and American markets. From 2021 to 2023, the company sold 3.2881 million, 5.95 million, and 1.516,900 optical lenses for home surveillance cameras and video doorbells, respectively.

The company plans to invest in the following projects after deducting the issuance fee from this offering:

On the financial side, in 2021, 2022, 2023, and January-June 2024, Hongjing Optoelectronics achieved operating revenue of approximately 252 million yuan, 446 million yuan, 773 million yuan, and 450 million yuan, respectively. In the same period, the company achieved net profits of approximately RMB 15.2581 million, RMB 56.5537 million, RMB 116 million and RMB 685.244 million respectively.