Supplying BOE, LG, etc., PCB manufacturer Chaoying Electronics will attend the conference soon.

According to news on July 9, the Shanghai Stock Exchange announced that Chaoying Electronic Circuit Co., Ltd. (hereinafter referred to as "Chaoying Electronics") will meet on July 10 to accept the review of the Listing Review Committee.

According to the listing prospectus, Chaoying Electronics plans to raise 660 million yuan in this listing, of which 400 million yuan will be used for the second phase expansion of high-rise multi-layer and HDI projects, and 260 million yuan will be used to supplement working capital and repay bank loans.

Information shows that Chaoying Electronics was established in 2015. It is an enterprise specializing in the research and development, production and sales of printed circuit boards (PCBs). Its products cover double-sided to 26-layer boards, HDI boards, thick copper plates, metal substrates, high-frequency and high-speed boards, etc., and are widely used in automotive electronics, displays, storage, consumer electronics and communications.

Among them, in the field of automotive electronics, Chaoying Electronics is one of the few domestic companies with the capacity to mass-produce multi-level HDI and any-layer interconnection HDI automotive electronic boards. The company's PCB products basically cover the PCB demand for all parts of the vehicle, and has established stable cooperative relationships with global Tier 1 automotive parts suppliers such as Continental, Valeo, Bosch, and Aptiv, and well-known new energy vehicle manufacturers such as Tesla.

In the display field, Chaoying Electronics has established long-term and stable cooperative relationships with the world's leading display panel manufacturers such as BOE and LG Group. The company's double-sided and metal substrate PCB products are widely used in display panels such as LCD, OLED and Mini LED.

It is reported that in view of the high process requirements for PCB dimensional stability and board surface flatness of large-size displays, Chaoying Electronics has also used special substrates and professional flattening technology to launch ultra-large LCD display motherboard products. Currently, the motherboards are used in products of 65 inches and above from panel manufacturers such as BOE.

In the storage field, Chaoying Electronics' products are mainly used in mechanical hard drives, solid-state drives, and memory sticks. The company has established stable cooperation with well-known mechanical hard drive manufacturers Seagate, Western Digital, and the world's leading solid-state drive manufacturer Hynix.

In terms of performance, Chaoying Electronics' performance has continued to grow in recent years. From 2022 to 2024, the company's revenue was 3.514 billion yuan, 3.656 billion yuan, and 4.124 billion yuan respectively, and the net profits attributable to the parent company were 141 million yuan, 266 million yuan, and 276 million yuan respectively.

It is reported that Chaoying Electronics began planning to go public in September 2023, and then in December of the same year, Chaoying Electronics’ listing application was accepted by the Shanghai Stock Exchange. The listing review committee meeting held by the Shanghai Stock Exchange marks that Chaoying Electronics’ IPO process has entered a critical stage. If it passes the review, Chaoying Electronics will receive listing approval. (Compiled by TrendForce Display)

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