A new listed company has been added to the driver chip field, and Canrui Technology has officially landed on the Science and Technology Innovation Board.

On October 18, Shanghai Canrui Technology Co., Ltd. (hereinafter referred to as: Canrui Technology) officially sounded the listing bell, with an issue price of 112.69 yuan per share.

It is reported that Canrui Technology is a high-tech enterprise specializing in the R&D, design, packaging, testing and sales of high-performance digital-analog hybrid integrated circuits and analog integrated circuits. Its main products and services are smart sensor chips, power management chips and packaging and testing services. The products are widely used in many important fields of the national economy such as smart homes, smartphones, computers, wearable devices, industrial control and automotive electronics. Domain, customers include smart home brands such as Gree, Midea and Haier, wearable device brands such as Edifier and JBL, smart security brands such as Hikvision, industrial equipment brands such as Danfoss and INVT, well-known mobile phone brands such as Xiaomi, Transsion, Samsung, LG, OPPO, VIVO and Lenovo, as well as smart hardware ODM companies such as Wingtech, Longcheer, Huaqin and Zhongnuo.

At the same time, Canrui Technology has full-process integrated circuit packaging and testing service capabilities, covering wafer testing, chip packaging, finished product testing and other links, which can provide quality and production capacity guarantee for the company's main business products.

From 2019 to 2021, smart sensor chips and power management chips are the main sources of revenue for Canrui Technology. Among them, the revenue share of power management chips has increased steadily, and will account for more than half of Canrui Technology's revenue in 2021.

It is reported that Canrui Technology has accumulated core technologies such as "high-precision low ripple current output DC conversion power circuit design technology", "wide-width high linear dimming control technology" and "adaptive high-precision constant current control technology" in the field of power management chips, forming more than 150 power management chip products, mainly including screen bias driver chips, flash backlight driver chips, LED lighting driver chips, and power driver chips, which are mainly used in smartphones, computers, smart homes, lighting and other fields.

In this listing, Canrui Technology has also included power management chips in its investment projects. According to the previously released prospectus, Canrui Technology plans to raise 1.55 billion yuan and invest in the following projects:

Among them, the high-performance sensor R&D and industrialization project will accelerate the R&D and improvement of smart sensor chips based on existing core technologies, enrich the product structure, improve product performance, expand application scenarios, and consolidate and enhance the company's market position in the field of smart sensor chips;

The power management chip R&D and industrialization project will update and upgrade existing power management chips, and carry out the R&D and industrialization of lithium battery charging chips, lithium battery protection chips and other products to reserve new business growth points for the company;

The application-specific integrated circuit packaging construction project will expand the production capacity of the issuer's chip packaging and testing services, create scale effects, further enhance the synergy with the chip design business, and effectively guarantee the issuer's product production capacity and quality;