Meixinsheng officially landed on the Science and Technology Innovation Board, raising over 376 million yuan

On May 22, Meixinsheng officially landed on the Shanghai Stock Exchange Science and Technology Innovation Board. Meixinsheng issued 20.01 million shares at an issue price of 75.00 yuan per share. The total amount of funds raised was 1.5 billion yuan, and the net amount of funds raised was 1.376 billion yuan, exceeding the original planned fund-raising plan of 1 billion yuan.

According to data, Meixinsheng focuses on the development and sales of high-performance analog and digital-analog hybrid chips, including wireless charging chips and LED lighting driver chip products. Among them, LED lighting driver chips are the most important source of revenue for Meixinsheng, accounting for 72.25% of revenue in 2022.

In the field of LED lighting driver chips, Meixinsheng has reached long-term cooperation with many well-known companies, including: Novei, LEDVANCE, Tongstar, Mulinsen Lighting, Foshan Lighting, NVC Lighting, Sanxiong Aurora, Lidarsin, Debang Lighting, Sunshine Lighting, etc.

With this listing, Meixinsheng originally planned to raise 1 billion yuan to invest in LED smart lighting driver chip R&D and industrialization projects; wireless charging chip R&D and industrialization projects; signal chain chip R&D projects; wired fast charging chip R&D projects; additional working capital, etc. REQUEST NOT VALID