According to news from the Red Star Capital Bureau, on August 22, after leaving A shares for nearly two and a half years, ST Infront "takes off the star and takes off its hat" and resumes listing in the name of Infront Micro (000670.SH), and the company's shares resume trading. This is also the first time to resume listing this year.

　　It is understood that the first day of Infront Micro’s resumption of listing (i.e., August 22) does not set a limit on the rise and fall, and from the trading day following the resumption of listing (i.e., August 23), the daily rise and fall is limited to 10%.

　　recorded a good start

　　In the early trading of August 22, the stock price of Infront Micro opened 389.8% higher in the bidding stage. After the opening, it rose to 12.15 yuan per share, an increase of 440%, and immediately triggered a temporary stop.

After the resumption of trading, it rose again to 13.23 yuan per share, an increase of 488%, triggering the second temporary stop.

Based on the stock price after the second temporary stop, the company's current market value is 10.8 billion yuan.

　　According to public information, Infront Micro's business scope mainly includes the research and development, design and sales of integrated circuit chips, electronic products and computer software and hardware.

The company carries out chip R&D and design business with its wholly-owned subsidiary Shanghai Infront Micro and its holding subsidiary Shaoxing Huaxinke as the main body; it carries out electronic component distribution business through its holding subsidiaries Huaxinke and WORLDSTYLE.

　　The audited net profit for the three fiscal years of 2017, 2018 and 2019 was negative continuously, and the company has been suspended from listing since April 7, 2020.

On the last trading day before the suspension, the company's share price closed at 2.25 yuan per share, with a total market value of 1.837 billion yuan. Some investors once called it the "cheapest chip stock".

　　Two-year performance "turned over"

　　During the two years of suspension of listing, in 2020 and 2021, the company's operating income was about 700 million yuan and 2.89 billion yuan respectively; the attributable net profit was about 10.12 million yuan and 3.238 million yuan respectively; It is 2.105 million yuan and 2.713 million yuan.

　　In the first half of 2022, the company's operating income was about 1.264 billion yuan, a year-on-year decrease of 7.24%; the attributable net profit was about 5.742 million yuan, a year-on-year increase of 657.6%; the net profit after deduction was negative, about -452.11 10,000 yuan, a year-on-year decrease of 752.38%.

　　It is understood that one of the conditions for a listed company to resume listing is the first half-year report disclosed after the suspension of listing, so the company's performance in 2020 is particularly important.

　　According to the announcement, the company has restored the company's ability to continue as a going concern through a major asset restructuring.

In order to solve the predicament, in July 2020, Infront Micro completed the sale of 100% equity of Daikun Technology to Shaoxing Shunyuan and an asset package consisting of the claims on Daikun Technology and its subsidiaries owned by Shanghai Infront Micro; September 2020 In January, the company completed the acquisition of 51% equity/shares of Huaxinke and World Style.

　　Infront Micro said that after the company suspended its listing, the largest shareholder, Shunyuan Enterprise Management, provided the company with financial support for the acquisition in order to promote major asset purchases.

After the major asset reorganization is completed, in order to support the business development of the target company, the listed company will increase the capital of the target company, coordinate with related parties to provide guarantees for the target company's business expansion, and provide temporary liquidity support.

　　Chengdu Business Daily-Red Star News reporter Xie Yutong