Ruichuang Micronano achieved a net profit of 64.69 million yuan in the first half of the year, a year-on-year increase of 103%

On July 16, Ruichuang Micronano released the listing announcement of the first public offering of stocks on the Science and Technology Innovation Board and the 2019 semi-annual financial accounting report. The company's shares will be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 22, 2019.

The announcement disclosed that with the continuous expansion of the company's business scale and the significant increase in order volume, Ruichuang Micronano's performance in the first half of 2019 grew rapidly compared with the same period in 2018, with total operating income, total profit and net profit all achieving significant year-on-year growth. Due to the rapid growth in sales of detectors, civilian products and other products, the company achieved a total operating income of 254.0442 million yuan in the first half of 2019, an increase of more than 100% over the first half of 2018, and a significant increase in corresponding gross profit. At the same time, the company's period expense rate remained basically stable, which resulted in a net profit attributable to the parent company's shareholders from 31.9032 million yuan in the first half of 2018 to 64.6899 million yuan in the first half of 2019, an increase of 102.77%.

In addition, due to the continued rapid expansion of the company's business, the net cash flow from operating activities and the net cash flow from operating activities per share decreased by 54.30% and 66.20% respectively compared with the same period last year.

Ruichuang Micronano is an integrated circuit chip company specializing in the development of uncooled infrared thermal imaging and MEMS sensing technology. It is committed to the design and manufacture of application-specific integrated circuits, MEMS sensors and infrared imaging products. Its main products include uncooled infrared thermal imaging MEMS chips, infrared thermal imaging detectors, infrared thermal imaging movements, infrared thermal imagers and optoelectronic systems.

It is worth noting that Ruichuang Micronano's issuance price this time is 20.00 yuan per share, and the total share capital after issuance is 445 million shares. The total market value after issuance is calculated to be 8.9 billion yuan.