Redboard Technology passes the IPO review of the Shanghai Stock Exchange Listing Committee, focusing on the research, development, production, and sales of printed circuit boards.

On October 31, Jiangxi Hongban Technology Co., Ltd. (referred to as Hongban Technology) passed the listing committee meeting of the Shanghai Stock Exchange main board. Guolian Minsheng Securities is its sponsoring institution, planning to raise 2.057 billion yuan. The prospectus shows that Hongban Technology focuses on the research and development, production, and sales of printed circuit boards, positioning its products in the mid-to-high-end application market. It has characteristics such as high precision, high density, and high reliability. It is one of the enterprises in the industry with a high proportion of HDI board revenue, and can mass produce any interconnected HDI boards and IC carrier boards. The company's products include HDI boards, rigid boards, flexible boards, rigid-flex boards, carrier boards, and IC carrier boards, widely used in consumer electronics, automotive electronics, high-end displays, communication electronics, and other fields. The company has a high market share in the mobile phone HDI board and mobile phone battery board market. By 2024, the company will provide 154 million mobile phone HDI main boards, 228 million flexible battery boards, and rigid-flex battery boards to the world's top ten mobile phone brands. Based on this calculation, the company's mobile phone HDI main board supply accounts for approximately 13% of the shipments of the world's top ten mobile phone brands, and its flexible battery board and rigid-flex battery board supply account for approximately 20% of the shipments of the world's top ten mobile phone brands. The prospectus indicates that before this issuance, the actual controller Ye Senran controlled 95.12% of the company's voting rights, which is relatively high. After this issuance, the actual controller's shareholding proportion will still be relatively high, maintaining an absolute controlling position. The funds raised from this issuance will be invested in the following projects: In terms of financials, in the fiscal years 2022, 2023, 2024, and from January to June 2025, Hongban Technology's operating income is expected to be approximately 2.205 billion yuan, 2.34 billion yuan, 2.702 billion yuan, and 1.71 billion yuan respectively. During the same period, the company is expected to achieve a net profit of approximately 141 million yuan, 105 million yuan, 214 million yuan, and 240 million yuan respectively.