Hongming Electronics GEM IPO passed the listing committee meeting and created the first domestic military standard production line for organic film dielectric capacitors

The Zhitong Finance App learned that on December 12, Chengdu Hongming Electronics Co., Ltd. (abbreviation: Hongming Electronics) passed the Shenzhen Stock Exchange GEM Listing Committee meeting. The sponsor of the IPO is Shenwan Hongyuan Securities, which plans to raise 1,907.1 billion yuan.

According to the prospectus, Hongming Electronics is mainly engaged in R&D, production and sales of new electronic components, mainly resistive components, and is committed to providing customers with high-performance, high-reliability electronic component products. At the same time, the company is also involved in the precision components business. Its products are mainly used in consumer electronics fields such as tablets and laptop computers, and fields such as new energy batteries and automotive electronic structural parts.

As an established domestic electronic component manufacturer, the company has more than 60 years of experience in electronic component development and technical experience. The product system is comprehensive, and the product level is rich. Currently, it has mastered many core technologies with independent intellectual property rights. The main products include multilayer porcelain capacitors (MLCC), chip porcelain dielectric capacitors, organic and mica capacitors, tantalum electrolytic capacitors, thermistors, displacement sensors, etc., as well as other electronic component products such as filters/connectors and microwave devices. In the field of defense, the company's high-reliability products such as MLCCs, organic and mica capacitors, displacement sensors, and thermistors have strong competitive advantages. They have undertaken many electronic component research and production support tasks for national key equipment and key projects, supporting national key projects in the fields of aerospace, weapons, ships, nuclear industry, etc., and have received many commendations and letters of appreciation from various key project undertakers; in the civil sector, the company's electronic components products are mainly used in consumer electronics, automotive electronics and other fields.

The company is one of the few domestic manufacturers in the entire industry chain, from high-quality electronic materials (ceramic porcelain and conductive paste) to electronic components, and has achieved localized replacement of multiple products. It has created the first domestic military standard production line for organic film dielectric capacitors, the first aerospace grade MLCC production line, the first positive temperature coefficient thermal resistor national military standard production line, the first negative temperature coefficient thermal resistor national military standard production line, and the first national military standard production line for anti-electromagnetic interference filters.

In the field of precision components, the company takes product design, precision mold research and development, and intelligent manufacturing as its core competitiveness, keeping up with the rapid development of the electronic information industry, continuously developing and designing new products with high precision and high added value, and expanding and improving the company's business and product system. Over the years, the company has provided support for consumer electronics products such as tablets, laptops, and mobile phones from well-known brands such as Apple, Lenovo, and Motorola, and has become one of the important suppliers in Apple's industrial chain. Furthermore, in recent years, the company has actively expanded business opportunities in the field of new energy vehicles and developed new energy batteries and automotive electronic structural components products. At present, the company has passed the certification of mainstream customers in the industry, the technical parameters have met the customer's high standard requirements, and has begun to supply customers in small quantities.

On the financial side, in 2022, 2023 and 2024, and January-June 2025, the company achieved operating income of approximately RMB 3.146 billion, RMB 2,727 billion, RMB 2,494 billion, and RMB 1,528 billion respectively; during the same period, the company's net profit was approximately RMB 690 million, RMB 598 million, RMB 386 million and RMB 370 million, respectively.