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IPO Detail
02551 晶科電子股份
APT ELECTRONICS
Listing Date2024/11/08
Listing Price3.610
 
Quote
Subscription Result
  • Subscription Rate
    5,677.83x
  • Guarantee One Lot Size
    700 lot
  • One Lot Success Rate
    0.24%
COMPANY PROFILE

APT Electronics is a provider of intelligent vision products and system solutions encompassing intelligent automotive vision, high-end lighting and advanced display. The Group house a broad array of “LED ” technologies that integrate LED technologies with integrated circuits (ICs), electronic control, software, sensors, optics and others. The Group had three production bases, namely the APT production base, the Linlux production base and the Lynway Ningbo production base.

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According to CIC, in terms of revenue, the Group ranked third among domestic device and module manufacturers in China’s high-end lighting industry and fifth among all device and module manufacturers in the same industry, with a market share of 5.3% in 2023. The Group ranked fifth among domestic manufacturers in China’s mid- to high-end intelligent automotive vision industry and twelfth among all manufacturers in the same industry, with a market share of 0.5% in 2023. The Group ranked fourth among both domestic and all manufacturers in China’s LCD TV backlight display industry, with a market share of 9.1% in 2023.

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The Group is one of the first companies in China to commence mass production of high-power flip-chip LED products. With years of dedication to R&D and technological accumulation, it developed a series of flip-chip LED technologies for different application scenarios. The Group’s fundamental technologies also include advanced white LED packaging photoconversion technology, advanced LED integrated packaging technology and high-end LED device packaging technology. Benefiting from the synergies in developing these technologies, its technological capabilities remain at the forefront of global innovation.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaChina
Board Lot1000
GLOBAL OFFERING
No. of Offer Shares38.64M H shares
No. of International Offer Shares19.32M H shares
No. of HK Offer Shares19.32M H shares
Offer Price$3.61
Stock Code2551
Sponsor(s)CITIC Securities (Hong Kong) Limited
Underwriter(s)CLSA Limited, GF Securities (Hong Kong) Brokerage Limited, Sinolink Securities (Hong Kong) Company Limited, BOCI Asia Limited, ABCI Securities Company Limited, ICBC International Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, China Sunrise Securities (International) Limited, Futu Securities International (Hong Kong) Limited, Patrons Securities Limited, Tiger Brokers (HK) Global Limited
TIME TABLE
Application PeriodOct 31 (Thu) - noon, Nov 05 (Tue)
Price Determination Date--
Result Announcement DateOn or before Nov 07 (Thu)
Result Announcement DateOn or before Nov 07 (Thu)
Result Announcement DateOn or before Nov 08 (Fri)
Dealings in Shares commence onNov 08, 2024. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$3.61
Capitalization (H Shares)899.30M
NAV / share ($)$2.35 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 3.61, the net proceeds raised would be HKD 64.10M, of which
70% : Expanding production capacity in intelligent automotive vision
20% : Used for technological innovation and product upgrades
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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