Anji Microelectronics Technology (Shanghai) (688019) Q2 2024 earnings summary

Executive summary

• Two rounds of equity financing were conducted: an IPO in 2019 and a targeted share issuance in 2023.

• As of June 30, 2024, all IPO-raised funds have been fully utilized, while a balance remains from the targeted issuance.

• Funds were allocated to production line expansion, R&D, automation, and working capital.

Financial highlights

• IPO raised a net RMB 474.89 million; targeted issuance raised a net RMB 203.62 million.

• All IPO funds were used by June 30, 2024; RMB 92.50 million remains from the targeted issuance.

• Interest and investment income from idle funds totaled RMB 23.38 million (IPO) and RMB 3.40 million (targeted issuance).

Outlook and guidance

• Major projects funded by the IPO have been completed and reached usable status by mid-2024.

• Targeted issuance projects are ongoing, with completion dates ranging from 2025 to 2026.