November 8 this year, Mitsuhiro IPO approved by the Securities and Futures Commission, according to Mitsuhiro prospectus disclosed that the company issued 88.68 million yuan of common stock, 886 million yuan raised funds to raise 8.28 billion yuan net funds will be used to invest in Hiroshi Huizhou Phase II production base construction, intelligent manufacturing transformation, engineering and technology center upgrade construction, add liquidity and other projects.
At present, Guangwu Huizhou Phase II production base has been put into operation one after another, the total investment of 57,200 million yuan, construction area of 58,000 square meters, is expected to be put into operation by the end of 2018, by that time can produce 15 million smart phones and 3 million tablet PCs. Mitsuhiro is also planning the construction of Phase III project with an area of about 50,000 square meters and is expected to start construction by the end of 2018 and put into operation by the end of 2019. After all the products are put into production, the goal of achieving 100 million units of production capacity will be accelerated.
It is understood that Guang-Hong Science and Technology was established in 1995, is a engaged in consumer electronics, network communications, automotive electronics and other electronic products such as PCBA assembly and assembly of electronic manufacturing services company, for the brand manufacturers on behalf of the production of mobile phones, tablets, etc. Electronic products, is the main business of Mitsuhiro Technology.
In 2016, Mitsuhiro's handset sales volume was 18,274,700 units, the unit price was 23.05 yuan / unit; and the sales volume of handsets in the first half of this year was 7.2675 million units, the unit price was 24.68 yuan / unit.
Among them, Huawei is the largest customer of Mitsuhiro Technologies Co., Ltd., which manufactures tablets and other products for Huawei's foundry technology. In the first half of this year, the sales volume reached 173 million yuan, accounting for nearly 30% (27.9%) of Mitsuhiro's sales.
In addition, with the rise of OPPO handsets, Mitsuhiro Technologies has started to produce handsets for OPPO OEMs in the first half of this year. In the first half of this year, Mitsuhiro Technologies expanded the processing business of OPPO, with sales of over 50 million handsets, accounting for 8.07 %.
Mitsuhiro predicts that the operating revenue of the company in 2017 would be between RMB1.25bn and RMB1.329bn, up from 1.99% to 8.38% over 2016. The net profit attributable to owners of the company in 2017 is expected to be between RMB180mn and 190 million yuan, representing an increase of 16.74% to 23.22% over 2016's growth rate.