Cambrian Science and Technology Board plans to raise US $ 2.8 billion in financing for the Chinese Academy of Sciences and Ali

Cambrian Science and Technology Board plans to raise US $ 2.8 billion in financing for the Chinese Academy of Sciences and Ali
On the afternoon of March 26, the Shanghai Stock Exchange disclosed that it had replaced the semiconductor company Zhongke Cambrian Technology Co., Ltd. (hereinafter referred to as “Cambrian”) to apply for the listing of the science and technology board, and issued a prospectus declaration.According to the prospectus, Cambrian planned to issue no more than 40.1 million shares for financing 28.RMB 1 billion, the sponsor is CITIC Securities.On December 5, 2019, CITIC Securities and Cambrian signed a tutoring agreement.The prospectus shows that CITIC Securities is the main underwriter, while CICC, Guotai Junan Securities and Anxin Securities are co-lead underwriters.The prospectus shows that the funds raised will be used for a new generation of cloud training chips and system projects, a new generation of cloud sensor chips and system projects, a new generation of edge-end artificial intelligence chips and system projects, and supplementary working capital.Cambrian was established in March 2016 and completed the company change in November 2019, from “Beijing Zhongke Cambrian Technology Co., Ltd.” to “Zhongke Cambrian Technology Co., Ltd.”.Its operation mode is Fabless mode, focusing on design and sales, while manufacturing and packaging testing are directly entrusted to other companies to complete.The main business of the Cambrian is the development, design and sales of distributed classified cloud servers, edge computing equipment, and artificial intelligence core chips in terminal equipment, providing customers with chip products and system software solutions.The company’s main products include smart terminal processor IP, cloud smart chips and accelerator cards, edge smart chips and accelerator cards, and basic system software platforms supporting the above products.The prospectus shows that the annual operating income from 2017 to 2019 was 784.RMB 330,000, 1.RMB 1.7 billion, and 4.4.4 billion yuan; net profit was 3.RMB 8.1 billion, 4104.RMB 650,000, and 11.7.9 billion yuan.The company chose the Shanghai Stock Exchange’s science and technology board stock listing rules, the market value is expected to be no less than 1.5 billion yuan, the operating income in the latest year does not exceed 200 million yuan, and the cumulative development investment in the last three years accounted for the proportion of the operating income in the last three yearsNot less than 15% standard.The prospectus disclosed that the proportion of R & D investment in operating income in the last three years was 380 respectively.73%, 205.18% and 122.32%.The prospectus shows that the actual shareholder of the Cambrian controlling shareholder is Chen Tianshi.Before this issue, it directly held company 33.19% of the shares.In addition, the source of China Science Computing, which is wholly-owned by the Institute of Computing, Chinese Academy of Sciences, is the company’s second largest shareholder with a shareholding ratio of 18.twenty four%.In addition, SDIC funds, Nanjing CMB, Alibaba Ventures, and HKUST Xunfei all ranked as shareholders.Before this offering, Cambrian had 32 individuals and institutional shareholders who directly held shares.Sauna, Ye Wang Liang Chen editor Zhao Ze proofreading Li Xiangling