02551 晶科電子股份
APT ELECTRONICS
APT ELECTRONICS
| Register Close | 2024/11/05 IPO Closing Today |
| Listing Date | 2024/11/08 |
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IPO Detail
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
| Market | Hong Kong (Main Board) |
| Business Nature | Household Appliances & Electronics |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 33.60M H shares |
| No. of International Offer Shares | 30.24M H shares |
| No. of HK Offer Shares | 3.36M H shares |
| Offer Price | $3.61 |
| Stock Code | 2551 |
| 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 Period | Oct 31 (Thu) - noon, Nov 05 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Nov 07 (Thu) |
| Result Announcement Date | On or before Nov 07 (Thu) |
| Result Announcement Date | On or before Nov 08 (Fri) |
| Dealings in Shares commence on | Nov 08, 2024. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 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
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).