Great! Anker invested in another listed company

As a top seller in the industry, Anker not only does well in its business, but also has a unique vision for investment. Many of the companies it invested in have been successfully listed.

Maxic completed IPO on the Science and Technology Innovation Board

Recently, there is good news! Anker Innovations invested in Maxicon Technology Co., Ltd. and completed its IPO on the Science and Technology Innovation Board.

On May 22, Maxicun Technology (Beijing) Co., Ltd. (stock name: Maxicun, stock code: 688458.SH) landed on the Shanghai Stock Exchange Science and Technology Innovation Board and was successfully listed. This IPO issued 20.01 million new shares, with a price of 75 yuan per share and a total market value of more than 5.5 billion yuan.

In this listing, Maxicon raised a total of 150.075 million yuan, which will be mainly used for LED smart lighting driver chip research and development and industrialization projects, wireless charging chip research and development and industrialization projects, wired fast charging chip research and development projects, signal chain chip research and development projects, and to supplement working capital.

It is understood that Maxicun Technology (Beijing) Co., Ltd. was established in March 2008 with a registered capital of 60 million yuan. The company's main business is the research and development of electronic components and computer software and hardware, system integration, technical consulting, technical services, import and export of goods, import and export of technology, import and export agency, and sales of electronic products. Its products include wireless charging, wired fast charging, LED constant current drive, signal chain, and automotive electronic products.

The company's main products are wireless charging series products and LED lighting driver series products, including highly integrated MCU digital control SoC power supply - wireless charging chip, and analog power supply - LED lighting driver chip. At present, Maxic has formed a very rich product line, and can provide customers with more than 700 chip products. These products can be widely used in communication terminals, consumer electronics, lighting applications, smart homes and many other fields, while radiating to automobile manufacturing, industrial control and other fields.

At present, Maxicon's terminal products have covered well-known first-line brands such as Xiaomi, Honor, Lenovo, Samsung, Transsion, Meizu, HP, MOMAX, Baseus, and Rapoo .

According to the prospectus, from 2020 to 2022, Maxicun's operating income was 149 million yuan, 372 million yuan and 441 million yuan respectively, and the net profit attributable to the parent company's shareholders was -11.17 million yuan, 32.61 million yuan and 52.57 million yuan respectively. Both revenue and net profit have maintained a steady growth trend.

In the first quarter of 2023, Maxic's estimated revenue is 68 million to 83 million yuan, an increase of 22.56% to 49.60% compared with 55.4812 million yuan in the same period last year. The net loss attributable to the parent company's shareholders is 4.6 million to 8.3 million yuan, compared with the loss of 8.5795 million yuan in the same period last year, and the year-on-year loss narrowed by 3.26% to 46.38%; after deducting non-recurring gains and losses, the net loss attributable to the parent company's shareholders is 4.3 million to 8.6 million yuan, compared with the loss of 11.3398 million yuan in the same period last year, and the year-on-year loss narrowed by 24.16% to 62.08%.

As of December 31, 2022, Maxicon's total assets were RMB 742 million.

Unique vision! Many companies invested by Anker have been successfully listed

It is worth mentioning that Maxicon has received investments from many companies under Huawei, including Huawei's Habour Investment, Shenzhen Zhicheng Group, CITIC Construction Investment Capital, Yuanhe Puhua, Anker Innovations, Huatian, and Longqi.

Among them, Anker Innovations is the most well-known.

Maxicon is a company in which Anker Innovations Limited, a wholly-owned subsidiary of Anker Innovations, holds a stake.

In December 2021, Maxicun established a joint-stock company through overall change. At that time, the company's two largest shareholders, Leavision and WI Harper Fund VII, signed "Equity Transfer Agreements" with Anker Innovations, and the transfer price of the equity was 20 million yuan. In the end, Anker Innovations acquired 1.55% of Maxicun's equity for 40 million yuan.

In addition to Maxicon, many companies invested by Anker Innovations have successfully listed or are about to be listed.

1) As early as 2017, Anker Innovations and Navitas Semiconductor reached a fixed cooperative relationship.

In March 2018, Anker Innovations Limited, a wholly-owned subsidiary of Anker Innovations, subscribed to a capital contribution of US$3 million to Navitas Semiconductor. After the capital increase was completed, Anker Innovations held a 2.79% stake in Navitas Semiconductor.

On October 20, 2021, Navitas Semiconductor was listed on the Nasdaq, with a corporate value of more than $1 billion on the day of listing. It is understood that Navitas Semiconductor is the world's first company with gallium nitride power chips as its core business and successfully listed, and it is also the world's first power semiconductor company to complete a listing within 7 years.

2) Anker Innovations is both an important customer and an important shareholder of Nanxin Semiconductor, holding 5.25% of the shares.

On April 7, 2023, Shanghai Nanxin Semiconductor Technology Co., Ltd. was listed on the Science and Technology Innovation Board.

According to the prospectus information released by Nanxin Semiconductor, from 2020 to 2022, Nanxin Technology's revenue scale increased from 178 million yuan to 1.301 billion yuan, an increase of more than 7 times, maintaining rapid growth.

3) Currently, Zhiou has 3 domestic subsidiaries and 5 overseas subsidiaries, and Anker Innovations is Zhiou’s second largest direct shareholder, holding 9.15% of the shares.

On April 26, 2023, Zhiou Technology's GEM IPO was approved for registration, bringing it one step closer to listing.

This time, Zhiou Technology is seeking to be listed on the Growth Enterprise Market and plans to issue no more than 40.15 million new shares and raise 1.486 billion yuan.

In addition to the above companies, Anker Innovations has also invested in semiconductor companies Zhirong Technology, Infineon Technologies, and Innoscience.

Anker Innovations CEO Yang Meng said that when many companies accept Anker Innovations' investment, what they need most is not money, but an understanding of market demand.

From this we can see that, whether for Anker Innovations or the companies it invests in, the two parties can ultimately achieve a win-win cooperation.

As a well-known global consumer electronics brand company, Anker Innovations ' total operating revenue in 2022 reached 14.251 billion yuan, and its cash flow is quite sufficient.

In addition to investing in enterprises, Anker Innovations is also using idle funds for financial management.

According to the latest announcement from Anker Innovations, the company plans to use idle self-owned funds of no more than RMB 4.5 billion (inclusive) to purchase wealth management products this year. Investment products include but are not limited to bank wealth management products, trust products and other wealth management objects and methods approved according to the company's internal decision-making procedures.

It is worth noting that the funds can be recycled within the above limit.

Anker Innovations believes that the company's use of idle self-owned funds to purchase financial products will help improve the efficiency of the use of its own funds, increase the company's financial returns, and will not have an adverse impact on the company's business activities, and there is no situation that harms the interests of the company and all shareholders, provided that the normal operation of the main business is not affected and the risks are controllable.

In December 2022, Anker spent 1.54 billion yuan to buy a building in Shenzhen with a total construction area of ​​51,000 square meters. This building may become Anker's southern headquarters.

The main reason for Anker's large-scale building purchase is to purchase the company's own R&D and office space, which can provide independent and stable R&D and office space, which is conducive to ensuring the company's long-term operation and business stability, and is very beneficial to the company's future development.

In general, Anker Innovations is really amazing that it can have such abundant cash flow and make multiple investments in the difficult environment in 2022!

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