A-share subscription | Junwei Electronics (301458.SZ) opens subscription as a leading domestic enterprise in precision resistors and fuses.

On December 30th, Junwei Electronics (301458.SZ) began accepting subscription applications with an issue price of 10.4 yuan per share and a subscription limit of 17,000 shares. The price-earnings ratio is 32.82 times, and it is listed on the Shenzhen Stock Exchange with Huatai Joint Securities as its sponsor. According to the prospectus, Junwei Electronics is mainly engaged in the design, research and development, manufacturing, and sales of precision resistors for current sensing and chip-type surface mount fuses. The company was established in 2014 and has been focusing on the research, production, and sales of current sensing precision resistors and chip-type surface mount fuses since its establishment. Its wholly-owned subsidiary, Suzhou Huade, was established in 2000 and has been dedicated to the research, production, and sales of fuses since its establishment. The company's main customer base is diverse, covering enterprises in various fields such as smartphones, computers, home appliances, batteries, PD quick charging, power supplies, and industrial sectors. In terms of industry competition, the company's main competitors include Yageo, Qiankun, Dayi, Guangdong Fenghua Advanced Technology, Littelfuse, EATON, Schurter, MERSEN, Pacific Engineering, Schurter, Hollyland, Xi'an Sinofuse Electric, and others. In the field of precision resistors for current sensing, the company has grown to become a leading enterprise in China. Based on data from QY Research and the company's revenue from precision resistors for current sensing, in 2023, the company is ranked third in the global market for precision resistors for current sensing with a market share of 7.86%. The company is able to provide current sensing precision resistors ranging from micro to 0201 size (inches), thin to 0.33mm, accuracy up to 5, and resistance values less than 1 milliohm. In terms of fuses, the majority of the global market is currently held by overseas companies, and according to Paumanok Publications Inc. and open source research data, the company's market share in the global fuse market is estimated to be 0.92% in 2023. Financially, in 2021, 2022, 2023, and the first half of 2024, Junwei Electronics achieved operating revenues of approximately 563 million yuan, 546 million yuan, 564 million yuan, and 304 million yuan respectively, with corresponding net profits of approximately 113 million yuan, 86.25 million yuan, 89.9179 million yuan, and 54.944 million yuan.