Specifically, the appeal of Changdian Technology is mainly divided into two parts: on the one hand, some employees of Yongshi Electronics hold Yongshi Electronics shares through others during their tenure at Changdian Technology. This move violates the conflict of interest policy of Changdian Technology and the basic fiduciary duty of employees, and the company has filed labor arbitration and litigation. On the other hand, Yongshi Electronics * * * has 38 patent inventors, 32 of whom have worked in Changdian Technology, accounting for more than 80%. Changdian Technology believes that the patent of Yongsi Electronics is unstable and comes from the patent or proprietary technology owned by Changdian Technology.
1. In view of some invention patents authorized by Yongshi Electronics, Changdian Technology initiated a request for invalidation to the patent management department; In view of the above-mentioned behaviors and legal consequences of Yongshi Electronics and some managers and core technicians, Changdian Technology has reported and complained to relevant regulatory authorities including the CSRC.
2. From the main business, both companies are semiconductor IC packaging and testing manufacturers. Changdian Technology is a leading sealing and testing company in China. The data shows that 85% of the top 20 semiconductor manufacturers in China are their customers. Last year, the company's overseas income accounted for more than 70%. At today's close, the company's share price was 3 1.27 yuan/share, up 1. 13%.
3. Yongshi Electronics is a "newcomer" in the industry that was established only four years ago. The company has established cooperative relations with Hengxuan Technology, Chen Jing, MediaTek, Beijing Zheng Jun and Weir. The company is currently applying for IPO on the Science and Technology Innovation Board, and responded to the second inquiry on 17 last month. In the prospectus, Yongshi Electronics listed Changdian Technology, Huatian Technology and Tongfu Microelectronics as domestic comparable companies.
It is worth noting that Yongshi Electronics has achieved stable mass production of products since its establishment more than half a year ago. In addition, in 20 18, the company's main R&D projects did not involve FC products, but the company achieved revenue of 3 1705 1 10,000 yuan that year.
5. Shanghai Stock Exchange sent an inquiry letter to the company. Yongshi Electronics replied that the company had conducted sufficient research and development and technical demonstration before mass production, and the product technology was independently developed and obtained. The company's management team has rich experience in IC packaging and testing industry, laying the foundation for rapid and stable mass production; At the same time, we bought the company's sealing and testing workshop, which also greatly shortened the construction period.
6. In terms of performance, in the first half of this year, Yongshi Electronics achieved a year-on-year increase in revenue of 240.09%, a year-on-year increase in production capacity of 58.57%, and a gross profit margin of 30.22% in the same period.