Vivo Security Technology Co., Ltd.'s IPO application on the Shanghai Stock Exchange Main Board has been accepted. The company's main business is comprehensive solutions for circuit protection and power control.

On June 30th, Shanghai Weian Electronics Co., Ltd. (referred to as Weian) has submitted an application for an IPO on the Shanghai Stock Exchange. CITIC SEC is the sponsor institution, and the company plans to raise 1.835 billion yuan. According to the prospectus, Weian is a comprehensive solutions provider specializing in circuit protection and power control. The company is mainly engaged in the research, development, production, and sales of electronic components, power semiconductor discrete devices, and analog integrated circuits. The company's main business products are divided into two categories: circuit protection products and power control products, which are the two core functional components of electronic devices. These products work together in electronic device circuits to ensure product safety, reliability, and efficiency. They are widely used in industrial and Internet of Things, consumer electronics, new energy, network communications, and automotive industries. During the reporting period, the company mainly adopted a Fabless production model with self-production as a supplement. The semiconductor-related business mainly adopts the Fabless production model, focusing on the design stage and procuring wafers and packaging and testing services. The non-semiconductor business mainly adopts a self-production as the main model, with non-core processes being outsourced. The company purchases raw materials including metal structural components, plastic ceramic structural components, conductive fillers, and connection materials. The company is one of the largest circuit protection companies in mainland China. According to the confirmation letter issued by the China Electronic Components Industry Association confirming the industry position of Shanghai Weian Electronics Co., Ltd., from 2021 to 2024, Weian ranked second in China's mainland enterprise circuit protection component revenue rankings, with the first place being held by Wen Tai Technology and its controlled company. Anshi Semiconductor. Financially, the company is expected to achieve operating revenues of approximately 1.252 billion yuan, 1.487 billion yuan, and 1.827 billion yuan in 2023, 2024, and 2025 respectively. During the same period, net profits are expected to be approximately 132 million yuan, 162 million yuan, and 236 million yuan respectively.