Wei'an Electronics' IPO Application Accepted, Plans to Raise 1.835 Billion Yuan

en.Wedoany.com Reported - Wei'an Electronics' main board IPO application was accepted by the Shanghai Stock Exchange on June 30, with plans to raise 1.835 billion yuan.

Wei'an Electronics is a comprehensive solution provider specializing in circuit protection and power control, primarily engaged in the research, development, production, and sales of electronic components, power semiconductor discrete devices, and analog integrated circuits. The company's products are widely used in industries such as industrial and IoT, consumer electronics, new energy, network communications, and automotive. As of the end of the reporting period, the company held 115 authorized invention patents, 116 utility model patents, and 99 exclusive rights to integrated circuit layout designs domestically and internationally.

From 2023 to 2025, Wei'an Electronics achieved operating revenues of 1.252 billion yuan, 1.487 billion yuan, and 1.827 billion yuan, respectively; net profits for the same periods were 132 million yuan, 162 million yuan, and 236 million yuan, maintaining stable business performance. Research and development expenses as a percentage of operating revenue were 10.34%, 9.41%, and 8.71%, respectively.

This is not Wei'an Electronics' first attempt at an IPO. In June 2023, the company had planned to list on the main board of the Shanghai Stock Exchange, aiming to raise no more than 1.53 billion yuan. On January 2, 2025, due to Wei'an Electronics and its sponsor withdrawing the issuance and listing application, the Shanghai Stock Exchange terminated its main board issuance and listing review, making Wei'an Electronics the first company to have its IPO terminated in 2025.