Weijie Chuangxin broke the stock price on the first day it landed on the Science and Technology Innovation Board
Weijie Chuangxin broke the stock price on the first day it landed on the Science and Technology Innovation Board. Weijie Chuangxin was founded in 2010. The main business is the R&D, design and sales of RF front-end chips. Weijie Chuangxin's products are generally recognized, and Weijie Chuangxin broke the stock price on the first day it was listed on the Science and Technology Innovation Board. On April 12, Weijie Chuangxin was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. The company’s stock code is 688153 and the issue price is 66.6 yuan/ share.
However, on the first day of listing, Weijie Chuangxin broke at the opening. As of press time, Weijie Chuangxin fell 24.83% to 50.06 yuan, with a total market value of 20.03 billion yuan.
Weijie Chuangxin is mainly engaged in the research and development, design and sales of radio frequency front-end chips, and is a pioneer in the field of radio frequency front-end in my country. When Weijie Chuangxin was established, it focused on the most difficult RF power amplifier (PA) in the RF front-end. It now has the design technology for various single chips and highly integrated modules in the RF front-end such as PA, RF switches, and low-noise amplifiers. , mass production experience and overall solution capabilities.
RF front-end chip is one of the indispensable core components of wireless communication equipment and is of high importance. The core component PA plays a role in amplifying power in the signal transmission path and continues to work in a high-current, high-power environment. Its performance directly affects the communication signal quality and device life of wireless terminals such as smartphones. The quality of mass-produced products Quality standards will directly affect the stability of the communication function performance of a brand's mobile phone.
In the field of radio frequency front-end, the top five international manufacturers account for more than 80% of the global share. Especially in the 5G high-end market, international manufacturers currently occupy more than 90% of the global market share. As a core component in wireless communication equipment, my country's market demand for RF front-end chips has been highly dependent on external sources for a long time. Domestic companies are urgently needed to make breakthroughs and provide RF with the same performance and quality as international manufacturers for brand companies and ODM companies of various wireless communication terminals. Front-end product solutions.
At present, Weijie Chuangxin’s RF front-end products have been widely used in smartphones and wearable devices of global first-tier mobile phone brands such as Xiaomi, OPPO, vivo, and Honor after long-term application verification by customers. . According to the "China Chip Design Enterprise List 2020" released by CB Insights, Vejet's 4G RF power amplifier product shipments ranked first among domestic manufacturers.
With the advent of the 5G era, the application of complex technologies such as multi-band, high-frequency and carrier aggregation poses higher technical challenges to the radio frequency front-end. As a member of the China Mobile 5G Terminal Pioneer Industry Alliance, Weijie Chuangxin actively cooperates with operators to provide support for the commercial implementation of 5G. Based on the forward-looking layout of cutting-edge technologies and markets, Weijie Chuangxin launched 5G PA modules in the first year of 5G commercialization in my country (2019), and achieved large-scale mass production and sales in 2020, and 5G related products in 2021 Sales proportion further increased rapidly.
According to Yole Development’s forecast, the RF front-end industry will reach a global market size of US$21.67 billion in 2026, with broad development prospects. Based on years of technology accumulation and industry precipitation, Weijie Chuangxin's business scale and performance have grown rapidly. The compound growth rate of operating income from 2018 to 2021 exceeded 200%, and operating income in 2021 exceeded 3.5 billion yuan. On April 12, Weijie Chuangxin was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, with a public offering of 40.08 million shares, accounting for the total number of shares after the public issuance. 10.02% of the share capital, the issue price is 66 yuan per share, and the company plans to raise 2.487 billion yuan.
According to CNMO, Weijie Chuangxin was established in 2010. Its main business is the research and development, design and sales of radio frequency front-end chips. Its main products are radio frequency power amplifier modules. group (PA module) and some RF switch chips and Wi-Fi RF front-end module products. Since 2018, Weijie Chuangxin has gradually become a supplier to leading brand manufacturers such as Xiaomi and vivo, supplying large-scale products to these manufacturers.
From 2018 to the first half of 2021, the company’s revenue was 284 million yuan, 581 million yuan, 1.81 billion yuan and 1.702 billion yuan respectively, of which the main sales product categories were radio frequency PA modules. group (this module is the core component in the RF front-end signal transmission system). From 2018 to 2020, RF PA modules accounted for more than 97% of revenue. At the same time, it can also be seen that since becoming a supplier to leading brand manufacturers such as Xiaomi, Weijie Chuangxin's products have been generally recognized, product demand has increased, and revenue has also increased significantly.
HIP chip developed by Weijie Chuangxin
At present, the actual controllers of the company are Rong Xiuli and Sun Yijun, and Rong Xiuli used to be the director of Tianyu Mobile Phones Chairman.