Weifeng Electronics landed on the GEM, Dongguan's 8th listed company in the year in Dongguan

Wang Dongguan, a reporter from Southern Finance and Economics, reported that on September 8th, Weifeng Electronics (301328) was listed on the GEM of the Shenzhen Stock Exchange. It is planned to raise 603.6924 million yuan.

The prospectus shows that Weifeng Electronics was established in November 2002. The company is committed to providing high -end precision connector products and solutions, mainly engaged in the research and development, design, production and sales of industrial control connectors, automobile connectors and new energy connectors Essence

Southern Finance and Economics reporters learned that Victoria Electronics is currently at the leading level in the field of industrial control connectors and is a representative enterprise of industrial control connectors. In recent years, the company's performance has grown rapidly, and its net profit in 2021 has increased by more than 60%year-on-year. In addition, from 2019 to 2021, the company's average annual growth rate of new energy connectors has a compound annual growth rate of 73.92%. According to predictions, with the rapid development and popularization of new models such as new energy vehicles and 5G communication, the future market size of the connector is expected to further improve.

From the perspective of the overall business composition, the proportion of Weifeng Electronics is mainly based on industrial control connectors 'business income, and the proportion of new energy connectors' business revenue has maintained an increase year by year. In 2010, Weifeng Electronics began to develop automotive electronics products and deployed the automotive field. In 2015, Weifeng Electronics successively launched simple cows and horn products mainly used in solar inverters to actively cut into the new energy field.

The funds raised this time will be invested in the company's South China Headquarters Intelligent Manufacturing Center construction project, supplementary mobile funds, and South China headquarters R & D center construction projects. The estimated amount of investment is 440.985 million yuan, 100 million yuan, and 62.7073 million yuan, respectively.

It is worth mentioning that with the listing of Weifeng Electronics, the number of listed companies in Dongguan has increased to 8 during the year, including 2 science and innovation boards, 4 GEM and 2 motherboard listed companies. In addition, the Bangbang Technology (301326) opened the purchase on September 7, the issuance price was 51.72 yuan/share, and the purchase limit was 0.45 million shares.

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