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12

2021

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08

JOVE goes public company today

Classification :


【Outline】On August 12, 2021, JOVE Co., Ltd. (hereinafter referred to as "JOVE" or the "Company") was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange.

On August 12, 2021, JOVE Co., Ltd. (hereinafter referred to as "JOVE" or the "Company") was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange. After Allfavor Technologies and Kingbrother, it was the third PCB company to successfully land in the capital market this month. The stock code is 300814.

 

The public offering of 43.96 million shares accounted for 25.01% of the total share capital after the issuance. The total share capital after the issuance was 175.796 million shares. The issue price per share was 8.4 yuan, and the issue price-earnings ratio was 15.87 times; The total amount of funds raised is RMB 369.264 million. After deducting the issuance expenses of RMB 39.5427 million (excluding VAT), the net amount of funds raised is approximately RMB 329.7213 million.

 

 

Speech by leaders and distinguished guests

 

  ▲JOVE Chairman's Speech

 

 

Bell ringing for listing/group photo

 

  

 

 

 

Founded in 2004, JOVE is a national high-tech enterprise specializing in the R&D, production and sales of printed circuit boards.

 

At present, the company has 3 production bases, Shajing Factory, Songgang Factory and Heshan Factory. ①. Shajing factory mainly produces small batches and R&D prototypes; ②. Songgang factory mainly produces medium batches; ③. Heshan factory mainly produces large batches.

 

Through the orderly cooperation between production bases, the company can provide one-stop PCB products such as single/double-layer boards, multi-layer boards, platinum boards, high-level multi-layer boards, heavy copper boards, 5G antenna boards, high-frequency high-speed boards, etc. The downstream covers the application fields of major electronic information products such as communications, industrial control, consumer electronics, automotive electronics, and medical electronics. At present, the company's products have been exported to Europe, Asia, America and other countries and regions.

 

JOVE has maintained good cooperative relations with well-known domestic and foreign companies such as Huawei, Vertiv, NCAB, Asteelflash, LACROIX, LENZE, Samsung, ZTE, Schneider, Libang Instruments, etc. Among them, Huawei, Vertiv, NCAB, Asteelflash, LENZE and other major customers Formed a long-term and in-depth partnership with the company.

 

Huawei started the company's supplier certification in February 2012, and passed the procedures of initial review - review - final review, as well as sample - small batch - pilot test, etc., and started batch cooperation in March 2014. In addition, in 2018 and 2019, Huawei certified the company's antenna boards and vehicle-mounted projects.

 

According to the "Twentieth (2020) China Electronic Circuit Industry Ranking List" released by CPCA on May 18 this year, JOVE ranked 50th among the top 100 comprehensive PCB companies with a revenue of 1.082 billion yuan (2020 revenue).

 

The raised funds of JOVE are used for the following items after deducting the issuance expenses:

  

 

  ⑴. Project name: Reconstruction and expansion project of new annual output of 400,000 square meters of circuit boards.

  ⑵. Project subject: HeshanZhongfuXingye Circuit Co., Ltd., a wholly-owned subsidiary of Zhongfu Circuit.

  ⑶. Project address: No. 59, Chuangli Road, Industrial Zone 1, Industrial City, Heshan City, Jiangmen City, Guangdong Province, HeshanZhongfu has obtained the State-owned Land Use Right Certificate No.

  ⑷. Project investment: The estimated total investment is 638.632 million yuan, of which the construction investment is 619,802,000 yuan, accounting for 97.05%; the initial working capital is 18.83 million yuan, accounting for 2.95%

  ⑸. Project content:

  ● Project construction: Expansion plant 2# (5th floor) construction area of 20254.5㎡, plant 3# (5th floor) construction area of 12612㎡, warehouse (2nd floor) construction area of 2699.8㎡, auditorium (2nd floor) construction area of 4779.68㎡

  ● Main products of the project: high-density interconnect laminates, multi-layer flexible boards, rigid-flex boards, etc.

  ● Main equipment of the project: advanced equipment such as zd1mDESMEAR+PTH line, pulse electroplating line, intelligent three-dimensional warehouse, etc.


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