On November 8th, Cailian News Agency reported that there was one new share subscription today, which is Kangxi Communication on the Science and Technology Innovation Board; One new stock was listed on the Beijing Stock Exchange, named Meixin Yishen.
Today's subscription for new shares
Kangxi Communication is a leading domestic Wi Fi RF front-end supplier. Currently, it has successfully entered the supply chain system of well-known communication equipment brand manufacturers such as ZTE, Jixiang Tengda, TP Link, JD Cloud, Tianyi Co., Ltd., as well as well-known ODM manufacturers in industries such as Gongjin Co., Ltd., Zhonglei Electronics, Cambridge Technology, etc. Some products are indirectly supplied to many overseas well-known telecom operators in Europe and America through ODM manufacturers. It is worth noting that Intel has emerged as a shareholder of the company. According to the prospectus, Intel Products (Chengdu) Co., Ltd. holds 3.52% of the shares.
The company achieved operating revenue of 81 million yuan, 342 million yuan, and 420 million yuan respectively from 2020 to 2022; Realized a net profit attributable to the parent company of -0.55 billion yuan/0.14 billion yuan/0.20 billion yuan. In the latest reporting period, the company achieved a revenue of 170 million yuan in H1 2023, a year-on-year decrease of 16.15%, and a net profit attributable to the parent company of 03 million yuan, a year-on-year decrease of 74.77%. According to preliminary forecasts, the company expects a net profit attributable to shareholders of the parent company from January to September 2023 of 1.2666 million yuan to 1.6887 million yuan, a change of -92.77% to -90.36% compared to the same period last year.
New shares listed today
Meixin Yishen is a "Little Giant" of precision mechanical components. The company focuses on the research and development, production, and sales of precision mechanical components, and is a national level specialized and innovative "Little Giant" enterprise. Its main products include compressor crankshafts, general engine crankshafts, motorcycle crankshafts, vortex discs, and accessories such as bushings and connecting rods. We have maintained close and stable cooperative relationships with well-known domestic and foreign host manufacturers such as Emerson Group, BS Group, Chongqing Kohler, Zongshen Group, Runtong Group, and Teling.