TAOYUAN CITY, TAIWAN – Sihui Fushi Electronic Technology went public on July 13 on the Shenzhen Stock Exchange, raising ¥422.3 million (US$60.4 million) with its IPO.

Sihui Fushi is a fabricator of multilayer and flex printed circuit boards for the industrial control, automotive and other markets. Its main customers include Hitachi Group, Panasonic, Omron, Kyocera, Shimadzu, Keyence, Yokogawa and other Japanese-listed companies, as well as Venture and Enics.

The company's operating income grew from ¥293 million in 2017 to ¥469 million in 2019, with an average annual compound growth rate of 26.6%.

From January to March, Sihui Fushi had revenue of ¥153 million, an increase of 45% year-over-year. Net profit was ¥31 million, up 83.3%.

The firm expects operating income from January to June between ¥270 million and ¥320 million, up of 32.4% to 56.9%. Net profit is expected to be between ¥53 million and ¥63 million, an increase of 61.3% to 91.8%.

Ed.: ¥1 = US$0.14

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