New stock news: Fortior Technology (Shenzhen) Co., Ltd. (688279.SH) files to Hong Kong Stock Exchange, focusing on the design and research of BLDC motor drive control chips.

According to the disclosure by the Hong Kong Stock Exchange on January 15, Fortior Technology (Shenzhen) Co., Ltd. (referred to as Fortior Technology (Shenzhen) Co., (688279.SH)) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor. The prospectus shows that Fortior Technology (Shenzhen) Co., Ltd. is a leading chip design company specializing in the design and development of BLDC motor drive control chips, and has established a strong market position in the industry. BLDC motor is a brushless motor driven by electronic commutation, which changes the magnetic field through electronic commutation to drive the rotor rotation. According to Frost & Sullivan data, compared to traditional motors, BLDC motors have advantages such as high efficiency, low power consumption, high control precision, and low noise, and are widely used in various application fields. The company's products aim to maximize the performance advantages of BLDC motors, achieving high efficiency, low noise, and high precision operation performance. According to Frost & Sullivan data, the company's products cover all core components of typical motor drive control systems, including (i) motor control chips such as MCU and ASIC; (ii) motor drive chips such as HVIC; (iii) intelligent power module IPM; and (iv) power devices such as MOSFET. The company's products are used for BLDC motors, which are widely used in multiple downstream fields including smart home appliances, white goods, power tools, sports travel, industrial, and automotive applications. According to Frost & Sullivan data, Fortior Technology (Shenzhen) Co., Ltd. is the first chip manufacturer in China specializing in the design of BLDC motor drive control chips; It is also the first company in the world to achieve large-scale production of motor control dedicated chips based on FOC algorithm hardware; As of December 31, 2023, the company's market share in the Chinese BLDC motor control and drive chip market reached 4.8% (by revenue), ranking sixth, and the company is the only Chinese company among the top ten companies in this market. The company focuses on (i) chip design, (ii) motor drive architecture algorithms, and (iii) motor technology research and development in three core technology areas and has achieved competitive technologies in these areas. The combination of the three technology areas forms the core competitiveness of the company in the field of motor drive control chips. According to Frost & Sullivan data, the company is the first chip manufacturer in China to have three technical teams in the field of motor drive control chips. The main products of Fortior Technology (Shenzhen) Co., Ltd. include MCU/ASIC, HVIC, MOSFET, and IPM, all of which are core components of typical BLDC motor drive control systems. Among them, MCU/ASIC serves as the motor control chip, responsible for receiving electronic signals, executing motor drive architecture algorithms, and generating control instructions; HVIC serves as the drive chip, providing high and low voltage isolation and increasing the drive capability, allowing MCU/ASIC to drive MOSFET devices; MOSFET generates a specific electromagnetic field under the control instructions of MCU/ASIC, driven by HVIC, to achieve the operation of the motor, enabling the efficient operation of the BLDC motor. In terms of finances, for the fiscal years 2022, 2023, 2023, and the nine months ended September 30, 2024, Fortior Technology (Shenzhen) Co., Ltd. achieved revenues of approximately RMB 3.23 billion, 4.11 billion, 2.82 billion, and 4.33 billion respectively, with annual/period profits of approximately RMB 1.42 billion, 1.75 billion, 1.24 billion, and 1.84 billion respectively.