03986 IPO | HONG16363.38 HKD (HKD16363.38)

$ MegaEasy Innovation (03986.HK) $The announcement was made that the Company intends to offer approximately 28.9158 million shares worldwide at the IPO on December 31-January 8, which is expected to be listed on January 13, 2026 with a first-hand subscription amount of HK$16363.38.

Siu Yi Innovation Company Profile

Xie Innovations is a multi-chip Integrated Circuits design company. Company provides customers with multi-modelled chip products such as Flash, Liquor DRAM, MCU, Analog Chips and Sensor Chips for Consumer Electronics, Cars, and Industrial Applications (such as Industrial Automation, Storage & Battery Management, PCs and Servers, IoT, and Network Communications, to meet the various needs of our customers, and includes a complete set of systems and solutions within the framework of the corresponding calculation, software.

In terms of sales in 2024, the company is one of the world's top 10 Integrated Circuits Design companies in all markets in Norflash, SLCNandFlash, Linked DRAM, and MCU, according to data from Webster. Sales of dedicated storage chips and MCUs accounted for most of the company's revenue in the years leading up to the record. The company adopts the Crystalless Circular Business Model, focusing on the design and development of Integrated Circuits, ensuring that the company maintains the technological edge, while cooperating with high-quality crystal factories and sealing work partners to ensure accurate manufacturing, scalability and high quality products.

Financial profile of Siu Yi Innovation

In 2022, 2023 and 2024 and the six months ended June 30, 2024 and 2025, we recorded revenues of RMB8130 million, RMB5760.8 million, RMB7356 million, RMB3609 million and RMB4150.3 million, respectively. In the same year/same period, we recorded adjusted net profit (Non-International Financial Reporting Criteria Measurement) of RMB2256.1 million, RMB258.3 million, RMB1259.9 million, RMB581.8 million and RMB672.5 million, respectively. The adjusted net profit ratio (Non-International Financial Reporting Guidelines measure) was 27.5%, respectively 7%, 4.5%, 17.1%, 16.1% and 16.2%.

Use of Siu-Yi Innovative Funding

In terms of financing, the net proceeds from the global IPO are expected to be approximately HK$4.181 billion (assuming no overallotment option is exercised at an offer price of HK$147). According to the prospectus, Siu-Yi Innovations intends to use the global IPO for the following purposes:

Approximately 40.00% or HK$1672.3 million will be used to further enhance our R&D capabilities, approximately 35.0% or HK$1463.2 million will be used for strategic Industry-related investments and acquisitions, approximately 9.0% or HK$376.3 million will be used for our global strategic expansion and strengthening our global impact, including strengthening our Global marketing and service network, about 6.0% or HK$250.8 million will be used to increase operational efficiency, about 10.0% or 418.1 million HKD will be used for operating capital and other general corporate purposes.

Read more:Siu-Yi InnovationProcurement book

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