Countdown to Huike’s IPO

On the evening of June 3, Huike issued a prospectus for an initial public offering of shares and listing on the main board, officially launching the A-share main board listing. The number of shares planned for the initial public offering this time is 729.7835 million shares. The shares issued account for approximately 10.00% of the company's total share capital after the issuance. All new shares are publicly issued and there is no transfer of old shares. The company has decided to launch preliminary price inquiry on June 9 and conduct new share subscription on June 12.

The initial strategic allotment of this issuance has a number of 364,891,700 shares, accounting for 50.00% of the number of this issuance. Among them, the issuer's senior managers and core employees participating in the strategic placement of the special asset management plan established in this strategic placement are expected to subscribe for no more than 10.00% of the number of this issuance, that is, no more than 72.9783 million shares, and the subscription amount does not exceed 263 million yuan; other investors participating in the strategic placement are expected to subscribe for a total subscription amount of no more than 4.385 billion yuan.

For this IPO, Huike plans to raise 8.5 billion yuan. After deducting issuance expenses, it will be used for the Changsha new OLED R&D and upgrade project, Changsha Oxide R&D and industrialization project, Mianyang Mini LED intelligent manufacturing project, supplementing working capital and repaying bank loans. The planned amounts of raised funds are 2.5 billion yuan, 3 billion yuan, 2 billion yuan, and 1 billion yuan respectively.

From 2023 to 2025, the company's operating income will be 35.824 billion yuan, 40.282 billion yuan, and 40.897 billion yuan respectively, and the net profit will be 2.582 billion yuan, 3.320 billion yuan, and 3.801 billion yuan respectively. The revenue scale and profitability level are on an upward trend, and it has strong sustainable operating capabilities.

From January to June 2026, the company expects operating income to be 20 billion to 22 billion yuan, a year-on-year change of 5.28% to 15.81%; from January to June 2026, the company expects the net profit attributable to the owners of the parent company to be 1.85 to 2.05 billion yuan, a year-on-year change of -14.42% to -5.17%.

Huike said that through this initial public offering and listing, the company will further consolidate its competitive advantages in the semiconductor display field and enhance global brand influence; increase investment in research and development and production line layout of new display technologies such as OLED, Oxide, and MiniLED, improve existing technical levels and production capabilities, and improve innovation capabilities; broaden financing channels, optimize financial structure, and establish a future sustainable financing platform; further improve the company's standardized operations and governance capabilities, share the results of the company's high-quality development with investors, and contribute greater value to the innovative development of the global display industry.