"Inventec Corp. submits IPO registration, focusing on the development of magnetic device terminal application technology"

On September 23, Baotou YingSiTe Rare Earth Permanent Magnet New Material Co., Ltd. (referred to as YingSiTe) applied for a change in the status of its IPO review on the Shenzhen Stock Exchange's ChiNext board to "submitted for registration." Huatai United Securities is its sponsoring institution, with plans to raise 605.86 million yuan. According to the prospectus, YingSiTe is a high-tech enterprise mainly engaged in the research, development, production, and sales of rare earth permanent magnet materials for application devices. The company focuses on the development of terminal application technology for magnetic devices, providing customers with comprehensive solutions such as magnetic circuit design, precision processing, surface treatment, and intelligent assembly. YingSiTe, based on the functional and design requirements of end customers for new products, simultaneously participates in the development of magnetic devices for new products, providing complete technical support for the design, trial production, testing, and optimization of magnetic devices. The company's main products include single magnet application devices and magnetic component application devices, used in laptops, tablets, smartphones, electronic accessories, smart home products, etc. Since its establishment, YingSiTe has been focusing on the consumer electronics application field, accumulating a large number of high-quality international famous consumer electronics customers with rich product lines and good product quality, becoming one of the main suppliers of rare earth permanent magnet materials for international famous consumer electronics brands such as Apple, Microsoft, Huawei, Lenovo, reMarkable, Logitech, etc. The specific projects that the company plans to invest in are as follows: Financially, the company is expected to achieve operating income of approximately 670 million yuan, 1.134 billion yuan, 952 million yuan, and 236 million yuan in 2021, 2022, 2023, and January-March 2024, respectively. During the same period, the net profits are expected to be 128 million yuan, 199 million yuan, 138 million yuan, and 19.6064 million yuan.