The market value reached 14.655 billion in 2 months of listing, and the Q3 net profit of this memory manufacturer increased by 437.26% year-on-year

Recently, the memory manufacturer Puran semiconductor (Shanghai) Co., Ltd. (hereinafter referred to as “Puran Semiconductor”) released the third quarter report of 2021.

As the first financial report released after listing on the Science and Technology Innovation Board, Puran Semiconductor’s performance in the past quarter is also really exciting.

Net profit increased by 437.26% year-on-year

The data shows that in the third quarter of 2021, Puran Semiconductor’s revenue was 312 million yuan, a year-on-year increase of 63.56%, and the net profit attributable to shareholders of listed companies was 109 million yuan, a year-on-year increase of 437.26%; accumulative total in the first three quarters of this year. The revenue was 824 million yuan, a year-on-year increase of 77.63%, and the net profit attributable to shareholders of the listed company was 223 million yuan, a year-on-year increase of 373.66%.

The market value reached 14.655 billion in 2 months of listing, and the Q3 net profit of this memory manufacturer increased by 437.26% year-on-year

Source: Screenshot of Puran’s financial report

Puran Semiconductor said that the downstream consumer electronics and Internet of Things markets are in strong demand, and the company’s supply ratio among major customers continues to rise. At the same time, the company appropriately increases product prices depending on rising costs and supply and demand; The business scale continued to expand, and the above factors jointly drove the growth of the company’s operating income.

The increase in net profit is mainly due to the fact that Puran Semiconductor has achieved process upgrades, mass production of new products and iterations of original products through research and development, which has improved the competitiveness of the company’s products. At the same time, the global semiconductor industry continues to boom, and the average unit price The increase is higher than the cost increase, which makes the company’s net profit increase.

According to the data, Puran Semiconductor was established in 2016 and is one of the main memory chip design companies in China. At present, it has gradually formed a product matrix mainly based on NOR Flash and EEPROM memory chips. The products can be widely used in mobile phones, computers, and network communications. , home appliances, industrial control, automotive electronics, wearable devices and the Internet of Things and other fields.

Listed for 2 months, the market value reached 14.655 billion

On August 23, 2020, Puran Semiconductor’s IPO application on the Science and Technology Innovation Board was officially accepted by the Shanghai Stock Exchange. After a year of breakthrough, Puran Semiconductor officially landed on the Science and Technology Innovation Board on August 23 this year.

On the first day of listing, the share price of Puran Semiconductor closed at 485.10 yuan, an increase of 225.79%, and the total market value reached 17.575 billion yuan. As of the close of noon today, Puran Semiconductor’s share price was 404.5 yuan, with a total market value of 14.655 billion yuan.

Although the current market value of Puran Semiconductor has declined compared with the first day of listing, it still has an increase of nearly 10 billion yuan compared to its market value of 5.394 billion yuan at the time of its issuance.

According to the previous prospectus, the funds raised by Puran Semiconductor will be used for flash memory chip upgrade R&D and industrialization projects, EEPROM chip upgrade R&D and industrialization projects, headquarters base and cutting-edge technology R&D projects.

“memory plus” program in the future

It is reported that Puran Semiconductor’s business model is Fabless, and its wafer foundry is mainly entrusted to Huali and SMIC, while wafer testing and packaging testing are mainly entrusted to Ziguang Hongmao, Shanghai Weichai and SMIC, Huatian Technology, Tongfu Microelectronics and other manufacturers.

As a new entrant in the memory field, Puran Semiconductor has established cooperative relations with many well-known manufacturers in just a few years.

The registration document shows that Puran Semiconductor’s customers include Huiding Technology, Hengxuan Technology, Jerry Technology, Zhongke Lanxun and other main control original manufacturers, Shentianma, Holitech, Huaxing Optoelectronics and other mobile phone screen manufacturers, Sunny, Oufeiguang, Qiu Ti Microelectronics, Samsung Electro-Mechanics and other mobile phone camera module factories, as well as ODM manufacturers such as Wingtech Technology, Huaqin Communication, and Longqi Technology.

Regarding future development, Wang Nan, chairman of Puran Semiconductor, previously stated at the shareholders’ meeting that the company will develop in accordance with two-stage goals. In the first stage, the company will fully focus on the memory chip industry; in the second stage, the company will carry out the “memory plus” plan. , further expand the product line and enter more application fields.

According to reports, at present, Puran Semiconductor’s 40nm NOR Flash products have been shipped in batches, and it plans to develop A3 and A2 automotive EEPROM products, and has made medium and long-term strategic preparations.

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