Monday, August 09, 2021

Galaxycore Starts Public Stock Trading

Tencent community news, Shanghai Securities News: Galaxycore stock has started trading at Shanghai Science and Technology Innovation Board. The company has raised 3.593 billion yuan ($555M), including about 30% of the strategic placement.
  • In terms of units, Galaxycore ranks first on the market, with a share of 29.7%; in the mobile phone sensors and 24.3% of the total market. 
  • The company has shipped 1.2 billion sensors in 2019.
  • From 2018 to 2020, the company's CMOS sensor sales grew from 887 million to 1.314 billion, and to 2.037 billion respectively ($137M,  $203M, $314M).
  • Galaxycore's sensor average selling price grew from 1.98 yuan/unit in 2018 to 2.43 yuan/unit in 2019 and to 2.88 yuan/unit in 2020.
  • The gross margin grew from 22.88% to 26.05% and to 28.48% in 2018-20, respectively. The company's three-year net profit was 500 million, 359 million and 773 million yuan respectively.

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