The Securities Regulatory Commission agreed to Hongming Electronics GEM IPO registration

The Zhitong Finance App learned that on December 26, the China Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Chengdu Hongming Electronics Co., Ltd.” According to reports, Hongming Electronics plans to be listed on the Shenzhen Stock Exchange GEM. Shenwan Hongyuan Securities is its sponsor and plans to raise 1,507.1 billion yuan.

According to the prospectus, Hongming Electronics is mainly engaged in R&D, production and sales of new electronic components, mainly resistive and capacitive components, and is committed to providing customers with high-performance, high-reliability electronic component products. At the same time, the company is also involved in the precision components business. Its products are mainly used in consumer electronics fields such as tablets and laptop computers, and fields such as new energy batteries and automotive electronic structural parts.

During the reporting period, the company's main products were new electronic components and precision component products represented by resistive and capacitive components. Among them, revenue and profit mainly come from the electronic components business, and the company's electronic components are mainly used in the defense field.