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Wednesday, March 06, 2024

GPixel on the verge of IPO?

From: http://www.myzaker.com/article/65d3ce24b15ec01a56438179

(Translated with Google Translate)

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Against the backdrop of an improving market, Changchun Changguangchenxin Microelectronics Co., Ltd. (hereinafter referred to as "Changguangchenxin"), a domestic company specializing in CMOS image sensors, has recently launched its IPO application on the Shanghai Stock Exchange Science and Technology Innovation Board. to the inquiry stage.

In this IPO, Changguang Chenxin plans to raise 1.557 billion yuan, and the funds are planned to be invested in the research and development and industrialization projects of CMOS image sensors in different directions, including the field of machine vision, scientific instruments, and professional imaging. At the same time, funds are also planned to be invested in high-end CMOS image sensor R&D center construction projects and to supplement working capital.

However, in recent years, Changguangchenxin's net profit has turned from profit to loss during the reporting period. Moreover, as a company that wants to be listed on the Science and Technology Innovation Board, Changguangchenxin's R&D expense rate has been decreasing year by year, and the detailed list of R&D expenses has been focused on by the Shanghai Stock Exchange. 

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5 comments:

  1. just want to note that this blob-post with the translated screenshots is nice to read. Of course you could use some auto-translate tools, but still - a big thanks to Atul for the service of doing the translation for the non chinese speaking part of the community ;-)

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  2. One can find and read the released prospectus of Gpixel (in Chinese) art 14 (2). Here one can read that the losses of 2021 and 2022 are due to large share plan related expenses. Typically these can consist of employee option/share plans, which have to be taken as a "loss" in the books. When excluding these, Gpixel was profitable in 2021 and 2022.

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  3. The information I anonymously commented on last time, about "military" and "aerospace", has no formal information source. However, due to the problem of anonymous reviews, I cannot manage the comments. Please help the blogger delete it or not approve it. I regret posting this kind of information without verification. Thank you blogger.

    ReplyDelete
  4. Gpixel needs to buy at least 2 dozen Sony Venice 2 cameras (to get a good statistical sample size) and then do extensive testing on the dark noise and dynamic range to fill out the missing data on their GCINE comparison chart.

    ReplyDelete

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