Changchuan Technology's application for issuing stocks to specific objects has been approved and registered by the CSRC

Radar Finance | Written by Yang Yang | Edited by Li Yihui

On March 10th, Changchuan Technology (300604) announced that the company received a reply from the China Securities Regulatory Commission (CSRC) approving the registration of the company’s issuance of shares to specific targets.

The main contents of the approval include: consent to the company’s registration application for issuing shares to specific targets; requiring the company to strictly follow the submission documents and issuance plan filed with the Shenzhen Stock Exchange; the approval is valid for 12 months from the date of approval; and requiring the company to promptly report to the Shenzhen Stock Exchange and handle relevant matters according to regulations if any major issues arise from the date of approval until the completion of this issuance.

The company’s board of directors will handle matters related to this issuance of shares to specific targets within the specified period, in accordance with the approval documents, relevant laws and regulations, and the authorization of the shareholders’ meeting, and will fulfill information disclosure obligations in a timely manner.

According to Tianyancha data, Changchuan Technology was established on April 10, 2008, with a registered capital of 604.328728 million RMB. The legal representative is Zhao Yi, and the registered address is No. 410 Jucai Road, Binjiang District, Hangzhou, Zhejiang Province. Its main business involves the research, development, production, and sales of equipment for integrated circuit manufacturing.

Currently, the company’s chairman is Zhao Yi, the secretary of the board is Shao Jingyang, with 3,800 employees. The actual controllers are Zhao Yi and Xu Xin.

The company has stakes in 12 subsidiaries, including Changchuan Technology (Suzhou) Co., Ltd., Changmai Semiconductor (Chengdu) Co., Ltd., Changchuan Technology (Hong Kong) Limited, Hangzhou Changxin Investment Management Co., Ltd., Hangzhou Changyi Technology Co., Ltd., and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 2.577 billion yuan, 1.775 billion yuan, and 3.642 billion yuan, respectively, with year-over-year growth of 70.49%, -31.11%, and 105.15%. Net profit attributable to shareholders was 461 million yuan, 45.1596 million yuan, and 458 million yuan, with year-over-year growth of 111.28%, -90.21%, and 915.14%. During the same period, the company’s asset-liability ratio was 39.19%, 41.20%, and 49.75%.

Regarding risks, Tianyancha data shows the company has 27 internal Tianyan risks, 16 surrounding risks, 7 historical risks, and 115 early warning risks.