Harmony intends to raise RMB251 million through IPO. Its products are mainly applied in intelligent transportation and smart travel.
Bojue (301608.SZ) discloses prospectus, the company plans to issue 22,225,270 shares for the first time, accounting for 25.01% of the total issued shares after issuance; the total issued shares after issuance will be 88,990,000 shares. The initial public offering (IPO) strategic allocation is composed of follow-up investment (if any) by related subsidiaries of the underwriters and other investors participating in the strategic allocation. The initial allocation quantity of the strategic allocation is 4,450,000 shares, accounting for about 20% of the issue. The preliminary book-entry date is July 17, 2024, and the bidding date is July 23, 2024.
The company is a high-tech enterprise that develops, designs, produces and sells intelligent hardware products for the IoT industry. Its products are mainly applied in the three major fields of intelligent transportation, smart travel and smart payment hardware. In the field of intelligent transportation, the company provides intelligent vehicle terminal products for the automotive industry. In the field of smart travel, the company provides smart travel modules for the two-wheel green travel industry. In the field of smart payment hardware, the company provides stable, safe and reliable IoT smart payment hardware for the mobile payment industry.
In 2021, 2022 and 2023, the net profit attributable to the shareholders of the parent company was Rmb194 million, Rmb158 million and Rmb174 million, respectively. In 2024H1, the company is expected to achieve a net profit of Rmb610 million to Rmb650 million, an increase of 6.01% to 12.96% YoY. The net profit attributable to the shareholders of the parent company is Rmb95 million to Rmb101 million, an increase of 9.56% to 16.48% YoY. The net profit attributable to the shareholders of the parent company after non-recurring gains and losses is Rmb90 million to Rmb96 million, an increase of 9.18% to 16.46% YoY.
The prospectus reveals that the funds raised after deducting the issuance expenses will be invested in the following projects related to the main business in order of priority: Rmb488 million for the upgrade and expansion project of IoT intelligent terminal products, Rmb1,573 million for the project of the IoT industrial base, Rmb320 million for the center project, Rmb129 million for the replenishment of working capital, and a total of Rmb2,510 million.