Bokete submitted its application for IPO on the Shenzhen Stock Exchange's ChiNext board, aiming to raise 750 million yuan.
26/08/2024
GMT Eight
On August 26, Beijing Boke Testing Systems Co., Ltd. (referred to as Boke Testing) applied for a change in the IPO review status of the Shenzhen Stock Exchange Growth Enterprise Board to "submit registration". CITIC SEC is its sponsoring institution, and it plans to raise 750 million yuan.
According to the prospectus, Boke Testing is a supplier that provides intelligent testing solutions through modern testing and experimental technology, with its main business being the research, design, manufacturing, sales, and system integration of servo hydraulic testing equipment and automotive testing equipment.
Since its establishment, Boke Testing has always focused on high-end intelligent testing and experimental equipment, system integration, and technical services. After years of development, the company has accumulated rich technical experience, data, and market resources. It has the capability to independently complete "turnkey projects" in the production of professional testing equipment and technical services, forming a business system with two core business segments: servo hydraulic testing systems and automotive testing systems. It has become a company that combines independent research and development with overseas technology, spans industries, and is internationalized.
The company's business can be mainly divided into two categories. The company designs servo hydraulic testing system solutions for higher education institutions, research institutes, vehicle manufacturers, and vehicle research institutes, and provides the servo hydraulic testing equipment and related technical services required for the solutions to meet customer testing needs for vibration simulation tests or structural loading tests under different working conditions.
Furthermore, the company designs and provides automotive testing system solutions for vehicle manufacturers, component suppliers, and vehicle research institutes, including the automotive testing equipment and related technical services required for the solutions to meet customer testing needs for testing and testing of whole vehicles and components. The company's products and services cover research and development and production and are widely used in industries such as civil construction, rail transportation, aerospace, nuclear power, communications, marine, and automotive.
As of now, Boke Testing has become a supplier of equipment for major automotive production companies such as SAIC Group, FAW Group, Dongfeng Motor Group, Chery Automobile Group, Great Wall Motor, BYD Company Limited, NIO, XPeng Motors, and Ideal Cars.
The raised funds from this issuance, after deducting relevant issuance expenses, are intended for the following projects:
Financially, in the years 2021, 2022, and 2023, Boke Testing is expected to achieve operating revenue of approximately 405 million yuan, 459 million yuan, and 469 million yuan respectively, with net profits of 82.23 million yuan, 97.63 million yuan, and 96.17 million yuan during the same period.