PCB manufacturer Hetong Technology plans to IPO on the A-share market and has started the registration process for listing guidance

 On April 14, the Guangdong Regulatory Bureau disclosed an announcement on the acceptance of the registration of the tutoring of Guangdong Hetong Jianye Technology Co., Ltd. (hereinafter referred to as Hetong Technology). It has completed the registration of tutoring with the Guangdong Securities Regulatory Bureau on April 14, and the tutoring institution is Dongguan Securities.

According to the official website, Hetong Technology was founded in 2002. It is a national high-tech enterprise specializing in the production of PCB printed circuit boards and one of the top 100 companies in China's printed circuit industry. It has the production technology capabilities of high-precision, high-density single-sided, double-sided, and multi-layer circuit boards, as well as LED light strips, carbon oil boards, aluminum substrates, and new energy vehicle boards.

It is understood that Hetong Technology is a company delisted from the New Third Board. In 2020, it achieved operating income of 321 million yuan, a year-on-year increase of 15.85%; net profit attributable to shareholders of the listed company was 41.4973 million yuan, a year-on-year increase of 38.28%; net profit attributable to shareholders of the listed company after deducting non-recurring items was 14.0083 million yuan, a year-on-year decrease of 37.71%.

From the perspective of Tonghe Technology's three main businesses, the new energy vehicle industry achieved revenue of 85.6714 million yuan, a year-on-year increase of 18.02%, and a gross profit margin of 19.71%; the power industry achieved revenue of 99.5874 million yuan, a year-on-year increase of 19.42%, and a gross profit margin of 38.91%; the military industry and other industries achieved revenue of 113 million yuan, a year-on-year increase of 3.11%, and a gross profit margin of 61.83%.

Tonghe Technology said that despite the adverse impact of the COVID-19 pandemic in 2020, the company's management team mobilized all positive factors, gave full play to its marketing and technology research and development advantages, and achieved comprehensive growth in operating income in the three strategic areas of smart grid, new energy vehicles and military equipment. Specifically, it includes: overall planning, clear goals, focus on business, grasp the market and products, increase investment in key links, and enhance core competitiveness; mergers and acquisitions, give play to synergy effects, and enhance the company's product competitiveness and market share in the field of military equipment; initiate refinancing to provide new growth momentum for the company's long-term development.