Chinese semiconductor giant Hua Hong landing in science and technology board creation

Chinese semiconductor giant Huahong Company was listed on the science and technology board on Monday (August 7), and the raised amount was about 21 billion yuan (RMB, the same below, about S $ 3.9 billion).The largest first public offering (IPO).

Comprehensive financial and Reuters reported that Hua Hong stocks opened high and low, and the opening increase once exceeded 13%, but quickly narrowed to about 5%.At the same time, Hua Hong's stocks listed in Hong Kong fell more than 7%.

According to the announcement of Hua Hong Semiconductor Corporation, the issue price is 52 yuan per share, and the number of shares issued for the first time is 407.75 million shares, and the estimated amount is expected to be 212.03 billion yuan.According to statistics from financial data agencies, Hua Hong's stock fundraising is the largest IPO of this year, ranking third in the science and technology board market, and the fundraising amount is second only to SMIC and Baiji Shenzhou.

In terms of the use of fundraising funds, according to the announcement, the Hua Hong manufacturing (Wuxi) project intends to use 12.5 billion yuan of fundraising funds, the 8 -inch factory optimization and upgrade project, special process technology technology innovation research and development project, and supplementary mobile funds are intendedThe fundraising funds were 2 billion yuan, 2.5 billion yuan and 1 billion yuan, respectively.

Data show that Hua Hong Semiconductor is a pure wafer foundry company with 8 -inch and 12 -inch. At present, there are three 8 -inch wafer fab and a 12 -inch wafer plant.

The company's financial data shows that in recent years, Huahong's revenue and net profit have been growing in recent years. From 2020 to 2022, operating income was approximately 6.737 billion yuan, 10.63 billion yuan, and 16.786 billion yuan;The corresponding net profit was approximately 505 million yuan, 1.66 billion yuan, and 3.309 billion yuan, respectively.

Reuters quoted the chip analyst Stewart Randall, a chip analyst in Shanghai in Shanghai, said that in a capital -intensive industry such as semiconductor, Hua Hong's funds raised this time are not much, butThis shows that in addition to government support, chip manufacturers are also broadening fundraising channels.