On May 18th, Broadcom Integrated Circuits (Shanghai) Co., Ltd. (hereinafter referred to as 'Shanghai Broadcom') updated the prospectus on the website of the China Securities Regulatory Commission. The company plans to publicly issue 34,678,400 shares on the Shanghai Stock Exchange, accounting for 25% of the total issued share capital. %. It is reported that Broadcom integrates this sponsor institution into CITIC Securities.
According to the data, Shanghai Broadcom's main business is the development and sales of wireless communication integrated circuit chips. The specific types are divided into wireless data transmission chips and wireless audio chips. The company's current main products include Bluetooth chips, 2.4GHz/5.8GHz universal wireless chips. , wireless voice chip, national standard ETC RF chip and FM / AM FM AM radio chip, etc. These products are widely used in Bluetooth speakers, wireless keyboard and mouse, game controllers, walkie-talkies, wireless microphones, car ETC units and other terminals. During the reporting period, the company The main business has not changed.
In 2017, the company achieved revenue of 565 million yuan, a year-on-year increase of 7%; net profit of 87.427 million yuan, a year-on-year decline of about 17%. During the reporting period, the company achieved sales revenue of 367,732,200 yuan in 2014, 2015 and 2016, 443,337,800 yuan. , 52,362.28 million yuan, the compound annual growth rate of operating income was 19.44%; In 2014, 2015, the net profit in 2016 was 66.10 million yuan, 9,384,700 yuan, 10,412,100 yuan, and the compound annual growth rate of net profit for the three years was 25.51%.
According to the prospectus, Shanghai Broadcom raised about 671 million yuan of IPO plan, of which 123 million yuan was used for standard protocol wireless interconnection product technology upgrade project, 0.98 billion yuan for national standard ETC product technology upgrade project, and 409 million yuan for satellite Positioning product research and development and industrialization projects, 1.27 billion yuan for smart home entrance product research and development and industrialization projects, 274 million yuan for R & D center construction projects.
In terms of equity, Broadcom's integrated controlling shareholder is BekenBVI, which directly holds 29.1633% of the company's shares. The actual controllers are Zhang Pengfei, DaweiGuo, both of whom are US nationals, and indirectly hold 24.01% of the company's shares through BekenBVI. HongZhou, Xu Boxiong, WenjieXu is the company The actual controller agrees to act, and the actual controller and its concerted actions collectively control 42.83% of the company's equity.
According to the prospectus, in normal operations, wafer and package testing are the main components of the company's product cost. The production and processing requirements for technology and capital scale are extremely high, resulting in limited suppliers that meet the company's production quality requirements. The round foundry and packaging and testing suppliers are more concentrated. In order to ensure the stability of the company's product supply, the company has established a number of powerful foundries, such as SMIC, Huahong, etc., as well as Tongfu Microelectronics, Changjiang Electronics, etc. The packaging and testing plant establishes a long-term stable cooperative relationship. However, in the peak season of IC production, there may be a saturation of the capacity of the foundry and the packaging and testing plant, and the risk of timely supply of the company's demand cannot be guaranteed.