An IPO application for the Beijing Stock Exchange by ThundeRobot, a leader in the sale of gaming computers and accessories, was received on June 28. The funds raised are intended to be invested in brand upgrades, building the center in the operation of the headquarters, product development and design center construction, repayment of bank debts and replenishment of working capital.
ThundeRobot was founded in 2014 and listed on the National Equities Exchange and Quotation (NEEQ) in 2017. The company’s core products include laptops, monitors, keyboards, computer mice, headphones and more.
In 2021, ThundeRobot achieved operating revenue of 2.642 billion yuan ($ 394 million), a year-on-year increase of 17.21%, and a net profit of 77.7343 million yuan, a year- year-on-year increase of 27.94%. In the past three years, the company’s R&D cost was 67.7816 million yuan, 75.4642 million yuan and 111 million yuan respectively, accounting for 3.24%, 3.35% and 4.18% revenue.
By the end of 2021, the company will have five main technical staff and a product R&D team consisting of 90 staff.
The controlling shareholder of ThundeRobot is Suzhou Haixin, a wholly-owned subsidiary of Haier Group, a Chinese multinational home appliances and consumer electronics company. Haier Group also holds 2.22% of the voting rights in ThundeRobot through indirect control of Haili Fangzhou. In other words, Haier Group controls 38.01% of ThundeRobot’s voting rights and is the actual controller of the company.
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According to a report by QY Research, ThunderRobot’s sales share in the domestic e-sports laptop market reached 8.87% in 2020, ranking third, behind Lenovo and Dell.