Infineon IPO declaration of high-power power supply has been accepted and raised more than 900 million yuan to accelerate production expansion

As the domestic high-power LED driver power supply, Infineon Electronics's listing road finally came with good news. On March 29th, the IPO of the GEM submitted by the company was pre-disclosed on the official website of the CSRC.

In addition to Infineon Electronics, there are still LED lighting companies such as Hengdian Group Debang Lighting, Sanxiong Aurora Lighting, and Sichuan Huati Lighting.

Infineon's IPO filings show that the company's main products LED drive power sales growth has grown rapidly, sales revenue increased from 373 million in 2013 to 511 million in 2015, with a compound annual growth rate of 17.10%.

According to financial report data, in 2015, Infineon Electronics realized operating income of 527 million yuan, an increase of 16.85% year-on-year. The net profit attributable to shareholders of listed companies was 93.114 million yuan, an increase of 41.58% over the same period of last year.

Infineon Electronics' revenue and net profit for the past three years

Source: Infineon Electronic IPO Report

"Infineon Electronics mainly produces high-end high-power LED power supply. The products were mainly used for export. In the past two years, the company has accelerated the development of the domestic market. In the domestic market, it also focuses on high-end power supply, and the profit is good." The industry insiders told Gaogong LED that Infineon is very strong in technology research and development. Many domestic companies that do high-power power have "understood" Infineon.

From 2013 to 2015, the share of the main business income of Infineon Electronics was 56.17%, 57.66% and 50.25%, respectively, and the export revenue accounted for a relatively high proportion.

As of December 31, 2015, Infineon Electronics and its subsidiaries owned 226 authorized patents, including 18 US invention patents and 106 Chinese invention patents. Its LED drive power products have been successfully applied to the LED lighting system of Chongqing Grand Theatre, the LED lighting system of Qingdao Jiaozhou Bay Bridge, the longest sea-crossing bridge in the world, the LED streetlight reconstruction project of Beibei to Beihuan section of Chongqing Yuwu Expressway, Shanghai Center. Lighting projects such as LED lighting, the Marginal Pinheiros streetlight project in São Paulo, Brazil, and the San Francisco-Oakland Bay Bridge LED lighting system.

Data show that from 2013 to 2015, Infineon's LED driver power supply accounted for 96.94%, 96.85% and 97.77% of the main business revenue, respectively, which is the main source of the company's main business income. Among them, medium and high power products are the main sources of revenue for LED drive power. The sales growth rate in 2013-2015 is 62.41%, 17.15% and 18.37% respectively.

The ratio of high-power power to LED drive power revenue has remained at around 50%.

Infineon Electronics' main segment product revenue

Source: Infineon Electronic IPO Report

"In the next few years, the market will continue to develop steadily, and the market space is still very large. In particular, the total market of LED industrial and mining lamps is expected to reach more than four times that of LED street lamps, and Infineon Electronics will continue to increase this aspect in the future. R&D investment leads the development of the whole industry. “Innovative LED driver power development trend and new product launch conference held by Inventec Electronics Chairman Dr. Hua Guichao said that Infineon will continue to innovate through technology. Leading and driving the development of the LED driver power industry, providing customers with cost-effective LED driver power solutions worldwide.

According to the report, Infineon Electronics plans to raise RMB 900 million in the IPO of the GEM to expand the capacity of LED drive power.

Infineon Electronics said that the rapid expansion of the company's investment scale is to build "Hangzhou Binjiang LED lighting power supply R & D and industrialization base construction project", "Tonglu LED lighting drive power industrialization base project", etc., thereby alleviating the company's capacity bottleneck, Improve the automation level of production and operation, improve the company's product quality and market share, and provide an important foundation for the sustainable and stable development in the future.

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