Zhongtong Finance and Economics APP News, Lianyun Technology (688449.SH) disclosed its intention to issue shares. The company plans to publicly issue 0.1 billion shares of stocks, accounting for 21.74% of the total share capital after the issuance. The initial strategic placement in this issue will be 30 million shares, accounting for 30% of the total issuance. The follow-up institutions include China Securities Co., Ltd., and the company's senior management and core employees will participate in the strategic placement through the establishment of the Win-Win 35th Asset Management Plan and Win-Win 36th Asset Management Plan. The preliminary inquiry date for this issuance is November 13, 2024, the subscription date is November 18, 2024, and the company will apply for listing on the STAR Market of the Shanghai Stock Exchange as soon as the issuance is completed.

The company is a platform-type chip design enterprise that provides data storage master control chips, AIoT signal processing and transmission chips. The company has built a full-cycle chip R&D and industrialization platform including SoC chip architecture design, algorithm design, digital IP design, analog IP design, back-end design, packaging and testing design, system solution development, etc. The series of data storage master control chips and AIoT signal processing and transmission chips launched by the company can be widely used in consumer electronics, industrial control, data communication, smart IoT, and other fields.

The company's attributable net income to the owners of the parent company from 2021 to the first half of 2024 are: 45.1239 million yuan, -79.1606 million yuan, 52.2296 million yuan, 41.1619 million yuan. In addition, the company is expected to achieve an annual revenue of 1.11 billion yuan to 1.21 billion yuan in 2024, with an estimated change of 7.38% to 17.05% compared to the same period in 2023. Expected net income attributable to the shareholders of the parent company after deducting non-recurring gains and losses is 37 million yuan to 60 million yuan. The company's data storage master control chips, AIoT signal processing and transmission chips continue to iterate, and the two major categories of chip product matrices are continuously enriched, driving the growth of the company's annual revenue.

The company plans to initially publicly issue 0.1 billion RMB ordinary shares (A shares). After deducting the issuance expenses, the funds raised will be invested in: R&D and industrialization projects of the new generation of data storage master control chip series products, R&D and industrialization projects of AIoT signal processing and transmission chips, and the Lianyun Technology data management chip industrialization base project, with a total planned investment of approximately 1.52 billion yuan.