IPO Observations: Revenue Reliant on BYD, Shareholding Dispute Shadows Eagle Peak Electronics' IPO Path
Tightly embracing BYD ( 002594 ) “big leg”, but also trapped in a shareholding dispute, making the IPO path of this company somewhat bumpy.
Recently, Shanghai Eagle Peak Electronics Technology Co., Ltd. (hereinafter referred to as "Eagle Peak Electronics") updated its listing application review dynamics on the Shanghai Stock Exchange, with the company having responded to the first-round inquiry questions from the exchange. The main topics of these inquiries include business operations, industry development, and related information disclosure; technical innovation and patent licenses; actual controlling shareholder shareholding and litigation, etc., totaling 17 questions.
The prospectus shows that Eagle Peak Electronics is planning to list on the Shanghai Stock Exchange's SME Board ( 创业板 ) and raise a total of RMB 12.3 billion, with Huarong Securities as the underwriter. The funds raised will be used for projects such as the production of 600,000 units of thin-film capacitors, 1,000 tons of new energy metal soft magnetic powder cores, research and development center projects, and replenishing working capital projects.
Revenue Surge Behind BYD Support
According to Tianyan's data, Eagle Peak Electronics was previously known as Shanghai Eagle Peak Electronics Co., Ltd. and was established on September 2, 2003. It is a company mainly engaged in the production of computer, communication, and other electronic devices.
Eagle Peak Electronics' prospectus reveals that it is one of China's leading companies in the field of passive electronic components, specializing in the research, development, and sales of products such as capacitors, coils, resistors, and other passive electronic components. The main applications are in the fields of new energy vehicles, wind power photovoltaic, industrial automation, etc.
Notably, Eagle Peak Electronics' revenue surge in the past two years is largely due to BYD's support.
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