On May 11, following hengxuan technology, another TWS (true wireless stereo) Bluetooth headset chip enterprise rushed to the scientific innovation board. On May 10, the Shanghai stock exchange accepted the listing application of Shenzhen Zhongke Lanxun Technology Co., Ltd. (hereinafter referred to as Zhongke Lanxun) on the science and innovation board, and the company plans to raise 1.596 billion yuan. So far, the total number of enterprises accepted by the science and innovation board has reached 558.

 

According to the application draft of the prospectus, the main business of Zhongke Lanxun is the R & D, design and sales of wireless audio SOC chip. Its main products include TWS Bluetooth headset chip, non TWS Bluetooth headset chip, Bluetooth speaker chip, etc. the products can be widely used in wireless audio terminals such as TWS Bluetooth headset, neck mounted headset, headset, business unilateral Bluetooth headset, Bluetooth speaker, car Bluetooth audio, TV audio, etc.

 

In 2020, the company sold 675 million wireless audio chips. Based on the sales volume, the company occupied a high market share. Since 2020, on the basis of consolidating the existing white brand market share, the company has further expanded the expansion of well-known brand customers. At present, it has been adopted by professional audio manufacturers such as voice transmission, Philips, Lenovo, iron triangle, Skyworth, Newman, Shanshui, Huiwei and Motorola. At the same time, it occupies an important position in e-commerce and Internet customers such as Amoi, aukey, Netease, singing bar, 360, iqiyi and qcy tmall elf, and has high market recognition.

 

Huang Zhiqiang holds 16.35% of the shares of the company and is the actual controlling shareholder. There are also many well-known PE / VC in the list of shareholders of the company. Yuanhepuhua, Sequoia Hanchen and Shenzhen Venture capital hold 2.33%, 1.5% and 0.77% of the shares of the company respectively.

 

At present, two listed companies in the A-share market have arranged the wireless headset chip business, namely Broadcom integration of the main board and hengxuan technology of Kechuang board. The product types of Zhongke Lanxun and hengxuan technology are relatively similar. The latter took the lead in landing on the science and innovation board in December 2020. At present, the latest market value is 31.75 billion yuan. If Zhongke Lanxun successfully lands on the scientific innovation board this time, it will be able to compete with hengxuan technology.

 

It is understood that hengxuan technology’s main business is the R & D, design and sales of intelligent audio SOC chips. The company’s products have entered the global mainstream Android mobile phone brands such as Samsung, Huawei, oppo and Xiaomi. At the same time, they have also been adopted by professional audio manufacturers such as Harman, Sony, Skullcandy, wanderer and Wanmo, and have been applied in the intelligent audio products of Internet companies such as Google, Alibaba and Baidu. The depth and breadth of brand customers form important competitive advantages and business barriers of the company.

 

In 2020, the overall business of hengxuan technology maintained rapid growth. The company achieved a revenue of 1.061 billion yuan and a net profit of 198 million yuan, with a year-on-year increase of 63.55% and 194.44% respectively. The performance of Zhongke Lanxun is also not inferior. The revenue and net profit in 2020 are 927 million yuan and 204 million yuan respectively.

 

According to the prospectus, Zhongke Lanxun plans to issue no more than 30 million A-share shares, and plans to raise 1.596 billion yuan. After deducting the issuance expenses, it will be used for the intelligent Bluetooth audio chip upgrading project (415 million yuan), the Internet of things chip product R & D and industrialization project (188 million yuan), the Wi Fi Bluetooth integrated chip R & D and industrialization project (244 million yuan), the construction project of Zhongke Lanxun R & D Center (248 million yuan) Development and science and technology reserve fund (500 million yuan).

 

 

Zhongke Lanxun said in the prospectus that the investment project of the raised funds will focus on the company’s main business, further improve product performance, optimize product structure and continuously upgrade the company’s chip process through technology research and development. As for the future development strategic planning, Zhongke Lanxun said that the company will continue to increase investment in technology research and development, deeply promote technology integration and upgrading, and strive to develop into an alot chip design company with first-class technology, leading products and high-quality service.

 

In recent years, TWS Bluetooth headset chip market has ushered in explosive development. Domestic chip manufacturers have risen rapidly and moved to the capital market one after another. Hengxuan technology has officially landed on the scientific innovation board; The listing application of Juxin technology innovation board has been accepted, and the current audit status has been inquired; Not long ago, Jerry technology also restarted the listing guidance. Now, Zhongke Lanxun has officially knocked on the door of the scientific innovation board.

 

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