Smart audio SoC chip manufacturer Actions Technology's IPO on the Science and Technology Innovation Board was successfully approved

On June 11, according to the results of the 36th review meeting of the Shanghai Stock Exchange Science and Technology Innovation Board Listing Committee in 2021, the Science and Technology Innovation Board IPO of JumpCore Technology Co., Ltd. (hereinafter referred to as "Jouxin Technology") was successfully passed.

According to the prospectus, Jouxin Technology is a leading low-power system-on-chip design company in China. Its main business is the research and development, design and sales of mid-to-high-end smart audio SoC chips. It focuses on providing professional integrated chips for smart Internet of Things fields such as wireless audio, smart wearables and smart interactions.

Jouxin Technology's main products include Bluetooth audio SoC chip series, portable audio and video SoC chip series, intelligent voice interaction SoC chip series, etc., which are widely used in Bluetooth speakers, Bluetooth headsets, Bluetooth voice remote controls, Bluetooth transceivers, smart education, smart office, smart home and other fields.

Actions Technology's intelligent audio SoC chip products occupy an important position in the Chinese market and have become a mainstream supplier in the low-power wireless Internet of Things field related to audio. It has also gradually achieved domestic substitution in related chip fields. Its products have entered major terminal brands including Huawei, Harman, SONY, Anker Innovations, Logitech, OPPO, Xiaomi, Transsion, Philips, Edifier, Lenovo, Newman, Meizu, etc., and have been used in audio products of Internet companies such as Alibaba, NetEase and Kuwo.

From 2017 to the first three quarters of 2020, Actions Technology's operating income was RMB 306.8515 million, RMB 346.0948 million, RMB 361.2075 million and RMB 259.0858 million, respectively. The revenue scale showed an increasing trend year by year, with year-on-year growth rates of 12.79% and 4.37% in 2018 and 2019, respectively. The net profit attributable to the parent company's shareholders was RMB -44.6852 million, RMB 43.1491 million, RMB 50.3567 million and RMB 8.8084 million, respectively.

Jouxin Technology said that on the basis of relatively stable sales of its portable audio and video SoC chip series, the company has relied on the research and development of key core technologies, in-depth understanding of the market, and forward-looking judgment to successively launch a number of Bluetooth audio SoC chips and intelligent voice interaction SoC chips and other products and gained market recognition. Thanks to the continued growth of the downstream terminal application market, the company's sales scale has continued to grow.

As of the signing date of this prospectus, Actions Technology has a total of 259 patents worldwide, of which 229 are obtained in mainland China, including 198 inventions, 13 utility models, and 18 designs. The company has a total of 56 registered trademarks worldwide, including 28 registered trademarks in mainland China; 61 software copyrights, and 55 integrated circuit layout design registrations.

Jouxin Technology said that the company has accumulated profound technical reserves and rich R&D experience. It is a high-tech enterprise, a national intellectual property demonstration enterprise, a national intellectual property advantage enterprise, and a standing director unit of the Integrated Circuit Design Branch of the China Semiconductor Industry Association. It has built a rich core technology and intellectual property system and established a complete intellectual property barrier.

In addition, the investment projects of the funds raised this time are mainly smart Bluetooth audio chip upgrade and industrialization projects, ultra-low power MCU research and development and industrialization projects for wearable and IoT fields, R&D center construction projects and development and technology reserve funds.

Actions Technology said that the company's raised funds investment projects are designed based on the company's existing business and core technologies. The raised funds investment projects not only take into account the upgrade of the company's existing product series, but also take into account the development of new products. The smooth implementation of the raised funds investment projects is conducive to the company's technological innovation and product iteration, thereby increasing market share and enhancing the company's core competitiveness.