Electronic measuring instrument R&D and manufacturing company ElectroCovex (301689.SZ) plans to publicly issue 102 million shares

According to Zhitong Finance App News, Cosmic (301689.SZ) disclosed a prospectus of intent. The number of shares to be publicly issued by the company is 102 million shares, accounting for 11% of the company's total share capital after this issuance. The initial number of strategic placements issued in this offering was 408.27,800 shares, accounting for 40% of the current offering. The initial inquiry date for this offering is August 25, 2026, and the subscription date is August 28, 2026.

The company is a high-tech enterprise specializing in R&D, manufacturing and sales of electronic measuring instruments. It is an enterprise with the most complete product categories and the widest spectrum coverage in the domestic electronic measuring instrument industry. Its main products include complete machines, test systems, and complete components. Relying on the deep technical heritage accumulated over decades, the company has cultivated the largest team of scientific research talents in China. It has top domestic R&D conditions and industrialization capabilities. It is the electronic measuring instrument R&D and manufacturing enterprise with the strongest comprehensive strength and the largest revenue scale in China. At the same time, the company is currently the only electronic measuring instrument company in China that can comprehensively target leading international companies in the fields of microwave/millimeter wave, optoelectronics, communication and basic measuring instruments. The overall technical level is leading domestically. In particular, in the field of microwave/millimeter wave measuring instruments, it has reached the international advanced level, and has reached the leading international level in some segments.

The company's net profit attributable to owners of the parent company from 2023 to 2025 was 190 million yuan, 275 million yuan, and 438 million yuan, respectively. From January to September 2026, the company expects to achieve operating income of 15.20 billion yuan to 1,680 million yuan, a change of about -5.00% to 5.00% over the same period last year; net profit of 2.45 to 265 million yuan, a change of about 2.05% to 5.95% over the same period last year; it is expected to achieve net profit of 225 million yuan to 245 million yuan after deducting non-recurring profit and loss, a change of about -2.77% to 5.87% over the same period last year. From January to September 2026, the company's overall business situation was stable, and there were no significant changes in the main performance data compared with the same period last year.

After deducting the issuance fee, the company plans to invest in: high-end electronic measuring instrument production line transformation and production expansion projects, next-generation mobile communication testing R&D and industrialization construction projects, technology innovation center construction projects, and supplementary working capital. The total amount of capital raised is 1.5 billion yuan.