Advanced Institute Technology's clients plan to list on the ChiNext board and are suppliers to companies such as CATL, BYD, GoerTek, Xinwangda, and Luxshare Precision

On December 31, 2021, Yidong Electronic Technology Co., Ltd. (referred to as Yidong Electronics) disclosed its prospectus, intending to issue new shares and go public on the Shenzhen Stock Exchange in the near future.

According to the data, Yidong Electronics is mainly engaged in the research and development, production, and sales of precision electronic components such as FPC, connector components, and LED backlight modules. From the perspective of Yidong Electronics' business, there are mainly three categories: FPC, connector components, and LED backlight modules. Among them, FPC is mainly divided into two categories: consumer electronics FPC and power battery management system FPC; Connector components products are mainly divided into three categories: optical communication components, precision structural components, and LCD connectors; The company's LED backlight module products mainly include small and medium-sized LED specialized display backlight modules.

For a long time, Yidong Electronics has always been customer-oriented, providing comprehensive manufacturing services to customers through solution design, product manufacturing, and supporting assembly. The company's products are mainly used in consumer electronics, communication, new energy, automotive electronics, industrial and medical fields. The customer base mainly includes well-known domestic and foreign enterprises such as New Energy, Xinwangda, BYD, GoerTek, CATL, Amphenol, Molex, Tyco, Shentai, Luxshare Precision, Tianma Microelectronics, and Ultrasonic Electronics.

From the revenue situation of these three major businesses, from 2017 to the first half of 2020, FPC and connector components were the company's core products, and their respective proportions in the company's total revenue did not change significantly, totaling over 80%. However, the revenue proportion of LED backlight module business continued to remain at around 10%, with little overall growth or reduction.

From the perspective of downstream customers, the main customers in the FPC field are consumer electronics and automotive manufacturers; The main customers for connector components are communication equipment manufacturers, while the main customers for LED backlight modules are automotive manufacturers. It can be seen that the three major businesses are completely unrelated.

According to the prospectus, Yidong Electronics plans to apply for an initial public offering of RMB ordinary shares (A-shares) with a total number of shares not exceeding 58.4 million, raising 9.14117 million yuan mainly for the construction of printed circuit board production lines, advanced manufacturing bases, and research and development center projects.