Hefei Gocom Information and facts Technology’s IPO to debut on STAR Industry

Jun 25, 2021 (China Knowledge) – Hefei Gocom Facts Know-how (688367) to start off buying and selling on the Shanghai Inventory Exchange’s STAR Industry June 28, Monday. The company has issued 21.69 mln shares priced at RMB 11.53 for each share elevating RMB 250.1 mln. Its price tag-to-earnings ratio (PE) stands at 26.21. Throughout membership the IPO was 5,185 situations oversubscribed.

Guoyuan Securities functions as the lead underwriter and sponsor for the IPO with China Galaxy Securities and Everbright Securities as the co-guide underwriters.

Hefei Gocom Information and facts Technologies is primarily engaged in the provision of automatic & smart handle and management technologies & goods for rail transit. Its products contain mine rail targeted traffic & ground-provided railway sign control, clever logistics administration, and smart transportation scheduling sequence.

In FY 2020, Hefei Gocom garnered a total earnings of RMB 210.9 mln, up 24.5% YoY. In terms of internet profits, it obtained RMB 48.5 mln, mounting 30.4% YoY. In Q1 2021, the corporation reported revenue of RMB 9 mln, a YoY boost of 67.1%.

The resources elevated from the IPO will be applied for AI and IoT-primarily based railway station clever unmanned procedure process R&D and industrialization, 5G-based mostly unmanned driving of mine locomotives, cellular goal specific regulate technique R&D, and the design of a enterprise support system based on cloud providers.

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