Macro Electronics Approved for 19.5071 Billion Yuan IPO on ChiNext

Macro Electronics, a veteran manufacturer of electronic components in China, has received approval for its initial public offering (IPO) on the ChiNext board of the Shenzhen Stock Exchange. The company, based in Chengdu, has been in the business of manufacturing electronic components for over 60 years, with a rich history of technological innovation and product development. The company's IPO, which is being underwritten by China Securities, aims to raise approximately 19.5071 billion yuan.

Macro Electronics' product portfolio is extensive and includes multilayer ceramic capacitors (MLCC), chip ceramic capacitors, organic and mica capacitors, tantalum electrolytic capacitors, thermistors, displacement sensors, and other passive components. The company also produces filters, connectors, and microwave components. These products are used in a variety of applications, including aerospace, defense, nuclear energy, and consumer electronics.

The company's expertise in high-reliability products has made it a key supplier for national defense projects. Macro Electronics has been involved in the research and development of electronic components for critical national projects, including aerospace, weapons systems, ships, and nuclear power plants. The company's products have been used in several high-profile defense projects, demonstrating its technological prowess and reliability.

Macro Electronics is one of the few companies in China that has the capability to produce high-quality electronic materials, such as ceramic substrates and conductive pastes, as well as electronic components. The company has achieved several firsts in the industry, including the first domestic production line for organic film dielectric capacitors, the first aerospace-grade MLCC production line, and the first domestic production line for positive temperature coefficient thermistors. These achievements highlight the company's commitment to innovation and its leadership in the industry.

In the precision components sector, Macro Electronics has been a key supplier to major brands such as Apple, Lenovo, and Motorola. The company provides components for a range of consumer electronics, including tablets, laptops, and smartphones. Additionally, Macro Electronics has been expanding into the new energy vehicle sector, developing products for electric vehicle batteries and automotive electronics. The company has already secured certifications from leading industry players and has begun supplying small batches of products to these customers.

The funds raised from the IPO will be used to support the company's ongoing projects and future growth. The company plans to invest in research and development, expand its production capacity, and enhance its technological capabilities. With its strong track record and innovative products, Macro Electronics is well-positioned to continue its growth and success in the electronic components industry.