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LeiDi Network, Lei Jianping, March 30
Changchun Changguang Chuangxin Microelectronics Co., Ltd. (referred to as &#34;Changguang Chuangxin&#34;) has recently passed the listing hearing and is preparing to list on the Hong Kong Stock Exchange.
In June 2023, Changguang Chuangxin submitted a prospectus for the A-share market, originally planning to raise 1.557 billion yuan, but after a year and a half, Changguang Chuangxin's attempt to sprint for the STAR Market failed. Subsequently, Changguang Chuangxin shifted its focus to the Hong Kong Stock Exchange.
Aopu Optoelectronics holds 25.56%, and Lingyun Optoelectronics holds 10.22%, both of which are significant shareholders.
Aopu Optoelectronics (stock code: 002338.SZ) is a listed company on the Shenzhen Stock Exchange, and Changchun Institute of Optics, Fine Mechanics and Physics owns 41.40% of Aopu Optoelectronics, making it the actual controller of Aopu Optoelectronics.
Lingyun Optoelectronics (stock code: 688400.SH) is a listed company on the Shanghai Stock Exchange. 48.55% of Lingyun Optoelectronics' shares are beneficially owned by the company's non-executive director Ms. Yang Yi, of which 5.11% is directly held by Ms. Yang, and the remaining 43.44% is considered beneficially owned by Ms. Yang due to her spouse Yao Yi's shareholding.
Annual revenue of 857 million, net profit of 290 million
Changguang Chuangxin is a provider of high-performance CMOS image sensors (CIS). Changguang Chuangxin has been focusing on the research and development of high-performance CMOS image sensors, offering nine product series that are widely applicable in industrial imaging, scientific imaging, professional imaging, and medical imaging technologies.
The prospectus shows that Changguang Chuangxin's revenue for 2023, 2024, and 2025 is expected to be 605 million yuan, 673 million yuan, and 857 million yuan, respectively; gross profit is expected to be 384 million yuan, 400 million yuan, and 573 million yuan, with gross profit margins of 63.5%, 59%, and 66.9%, respectively.
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Changguang Chuangxin's annual profits for 2023, 2024, and 2025 are expected to be 170 million yuan, 197 million yuan, and 293 million yuan, respectively; profit margins are expected to be 28.1%, 29.3%, and 34.2%, respectively
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Changguang Chuangxin's adjusted net profits for 2023, 2024, and 2025 are expected to be 223 million yuan, 249 million yuan, and 369 million yuan, respectively.
Hillhouse Capital is a shareholder.
The executive directors of Changguang Chuangxin Micro are Dr. Wang Xinyang, Dr. Zhang Yanxia, and Ms. Wu Qinyun; the non-executive directors are Ms. Yang Yi, Dr. Chu Hairong, and Dr. Xiong Jingying; the independent non-executive directors are Dr. Wang Xinlu, Dr. Xie Ning, and Dr. Gao Teng.
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The controlling shareholder of Changguang Chuangxin is Wang Xinyang, and the actual controllers are the couple Wang Xinyang and Zhang Yanxia, who collectively control 49.53% of the company's shares, both directly and indirectly.
Wang Xinyang, born in 1980, graduated from Zhejiang University with a bachelor's degree in Applied Electronic Technology; he holds a master's degree in Microelectronics from the University of Southampton, UK; and a Ph.D. in Microelectronics and CMOS Image Sensor Design from Delft University of Technology, Netherlands. From May 2008 to November 2008, he served as an Electrical Design Engineer at CYPRESS Semiconductor; from November 2008 to August 2012, he was an Image Sensor Expert at CMOSIS.
From September 2012 to April 2021, Wang Xinyang served as the company's director, general manager, and CEO; from August 2012 to April 2022, he held a research position at the Changchun Institute of Optics, Fine Mechanics and Physics, Chinese Academy of Sciences, as a researcher and doctoral supervisor; since April 2021, he has been the chairman, general manager, and CEO of the company.
Zhang Yanxia, female, born in 1979, holds permanent residency in the Republic of Vanuatu, graduated from Zhejiang University with a bachelor's degree in Electronic Engineering; she holds a master's degree in Electronic Engineering from Concordia University, Canada; and a Ph.D. in Applied Physics from Delft University of Technology, Netherlands
From July 2008 to December 2010, served as a physicist at Mapper Lithography; from December 2010 to February 2013, served as a scientist at Philips Research Europe; from February 2013 to August 2018, served as the company's marketing director; from August 2018 to December 2022, served as the company's chief operating officer; from December 2022 to present, serves as the company's director, deputy general manager, board secretary, and chief operating officer.
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Dr. Wang Xinyang holds 27.36%, Aopu Optoelectronics holds 25.56%, Zhuhai Yuncheng holds 14.27%, Lingyun Guang holds 10.22%, Zhuhai Xuchen holds 6%, Dr. Ma Cheng holds 2.63%, Dr. Yan Xia holds 1.91%, Zhuhai Qixin and Hillhouse Yurun each hold 1.5%, and Advanced Manufacturing holds 1.2%;
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Guoce Xiangchi holds 1.1%, Xiamen Yuanfeng and Huashun Guangzhou each hold 1%, Liu Yang and Li Yang each hold 0.61%, Shenzhen Jiusi holds 0.6%, Juyuan Xincheng holds 0.5%;
Qin Hao and Wuhu Tuocheng hold 0.4%, Suzhou Fangguang holds 0.36%, Yibin Chenda holds 0.27%, Shengyu Huatian and Zhongke Chuangxing each hold 0.2%, Changzhou Fangguang holds 0.14%, Pingyang Yuanxin, Zhongke Xiandao, and Donghu Guolong each hold 1%.
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Changchun Changguang Chenshin Microelectronics Co., Ltd. (Changguang Chenshin) has passed the listing hearing and plans to list on the Hong Kong Stock Exchange. In 2023, the annual revenue was 857 million yuan, with a net profit of 290 million yuan. Changguang Chenshin focuses on the research and development of high-performance CMOS image sensors, with products widely used in various technological fields. The company's shareholders include Aopu Optoelectronics and Lingyun Optics, and Hillhouse Capital is also one of its shareholders

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Changguang Chenxin passes the listing hearing: annual revenue of 857 million, net profit of 290 million, Hillhouse is a shareholder