According to the disclosure, Galaxy Microelectronics plans to raise funds of approximately 316 million yuan through this IPO, of which 50 million yuan will be used to replenish liquidity, and the rest will be invested in bridge rectifiers, technical upgrading of power diodes, patch diodes, and upgrading of triodes. Project and Technology R&D Center Construction Project.
According to public information, Galaxy Microelectronics is a professional supplier of semiconductor discrete device industry in China, and a high-quality manufacturer of electronic device packaging and testing industry. Its main business covers the research and development of semiconductor discrete devices such as diodes, triodes, and bridge rectifiers. Design, chip manufacturing, packaging and testing, sales and technical services, can provide customers with strong suitability, high reliability of products and a package of technical solutions.
From 2015 to 2017, Galaxy Microelectronics realized revenue of RMB 525 million, RMB 546 million and RMB 612 million, respectively. Net profit for the same period was RMB 41.86 million, RMB 46.906 million and RMB 54.625 million respectively. Galaxy Microelectronics stated that during the reporting period The growth of company's income mainly comes from the patch and other products besides axial products, but due to the end product such as LED lamps, the price of 3C products keeps declining, and customers also have certain price reduction requirements for the company's products. During the reporting period, the company The selling prices of the patch and other products were RMB 51.17/1000, RMB 48.97/1000 and RMB 51.22/1000, respectively, and the gross profit margins were 27.33%, 26.24% and 27.37% respectively. The patch and other products in the reporting period The unit price and gross profit rate showed a downward trend and then rose.
In the main business income of Galaxy Microelectronics, domestic sales revenue was 387 million yuan, 386 million yuan and 436 million yuan respectively. Foreign sales revenue was 135 million yuan, 154 million yuan and 166 million yuan respectively. The growth rate of export revenue was faster than that of domestic sales. Revenue. The continued growth of the company's export revenue has a certain degree of uncertainty. For example, due to policy changes in export destinations, market competition, compliance risks and other factors that cause the company's export growth rate to slow down, it will have a certain impact on the company's operating performance. .
At the end of the reporting period, the book value of Galaxy Microelectronics' inventory was 63,359,100 yuan, 68,275,100 yuan and 77,208,900 yuan, respectively, accounting for 12.09%, 11.80%, and 12.30% of the company's total assets.
The prospectus shows that Yinhe Electronics, a subsidiary of Galaxy Microelectronics, received an administrative penalty from the Environmental Protection Bureau of Xinbei District, Changzhou City on January 4, 2015. The cause of the punishment was 'disposal by a unit with no hazardous waste entrusted with a business permit' and 'not in accordance with the country'. "Registration and registration of hazardous waste requirements", the above two items together impose a fine of 300,000 yuan.
Before the issuance of this stock, Star International holds 81.53% of the shares of Galaxy Microelectronics and is in an absolute controlling position. The actual controller is Yang Senmao, which controls 81.53% of the shares through Stellar International and controls 8.54% of shares through Yinjiang Investment. Silver Crown Investment controls 5.75% of the shares.