According to public information, Ruoyu technology was founded in 2012 by Stanford alumni Liu Zihong, Wei Peng and Yu Xiaojun. Through the core flexible technology independently developed by Ruoyu, we produce full flexible displays and full flexible sensors, as well as a full range of new generation of human-computer interaction products including folding screen mobile phones and other intelligent devices.
In the domestic science and technology circle, there are many disputes about Ruoyu science and technology. One of the most well-known is the battle for the first folding screen mobile phone in 2019. In recent years, there have been repeated media questions about the mass production and yield of Ruoyu technology products. When will the science and technology innovation board tour of Rouyu technology be officially launched? The market will continue to watch.
Science and technology board of science and technology
Chinese flexible display maker Ruoyu technology has shelved its U.S. listing plan and instead sought an initial public offering of up to 12 billion yuan (US $1.8 billion) on the Shanghai Science and technology innovation board, according to a person familiar with the matter, according to a person familiar with the matter.
However, for the news, Rouyu technology did not respond, and representatives of Rouyu technology did not comment. According to the previous report of pembo, Rouyu technology has secretly applied for an IPO in the United States, which may raise about $1 billion, but it did not come true in the end.
According to the guidance record information released by Shenzhen Securities Regulatory Bureau, Ruoyu technology intends to make an initial public offering of shares and be listed on the domestic stock exchange. It will receive the guidance of CITIC Securities and file the guidance on August 4 this year. In addition to the sponsor of CITIC Securities, the audit agency selected by Rouyu technology is Dahua accounting firm. At the end of September this year, CITIC Securities disclosed the second progress report of Ruoyu technologys IPO guidance work, which has not been updated.
If Ruoyu science and technology plans to raise as much as 12 billion yuan, it is expected that it will steadily buy the top five levels among many science and technology innovation board enterprises. Adding the over raised effect of popular enterprises on the science and technology innovation board, how to tell the capital story of capital utilization is an important issue that Ruoyu technology and its sponsor securities companies are concerned about.
According to public information, Rouyu technology was founded in 2012 by Stanford alumni Liu Zihong, Wei Peng and Yu Xiaojun, and has offices in Shenzhen, Hong Kong and California. Through the core flexible technology independently developed by Ruoyu, we produce full flexible displays and full flexible sensors, as well as a full range of new generation of human-computer interaction products including folding screen mobile phones and other intelligent devices. Ruoyu also provides solutions for enterprise customers in the six major industries of intelligent mobile devices, intelligent transportation, entertainment media, sports fashion, smart home and office education.
In a previous statement, Ruoyu said it was the only enterprise in China that did not adopt foreign mainstream fixed surface display technology. Ruoyu innovates and develops a technical route different from that of LTPS (polycrystalline silicon) + rgboled led by Samsung, and successfully realizes the mass production of high-resolution full flexible display screen for small and medium-sized mobile devices through a new low-temperature semiconductor process.
In terms of flexible display screen, Ruoyu technology created a new ultra-thin color flexible display screen that broke the world record in July 2014, with a thickness of only 0.01mm and a curl radius of 1mm. In June 2018, the worlds first full flexible display large modulus production line with an investment of about 11 billion yuan was officially put into production in Shenzhen.
For flexible sensors, Ruoyu technology introduces that it can be derived from flexible display technology, which not only has good sensing performance, but also has excellent flexibility. At the Consumer Electronics Show (ces2017) held in January 2017, Rouyu has released a number of new products, among which the flexible electronic smart backpack won the ces2017 International Award for innovative products of health and sports biotechnology.
Dispute over the first folding screen mobile phone
In cross-border marketing, Ruoyu also takes the same responsibility. At the Louis Vuitton spring 2020 womens fashion show held at Kennedy International Airport in New York, the worlds first flexible screen fashion handbag jointly produced by LV and Rouyu technology was disclosed for the first time. The handbags held by the models on the stage were combined with the flexible screen of Rouyu technology.
In January 2019, Xiaomi President Lin bin tweeted that Xiaomi had made the worlds first double folding screen mobile phone. Later, fan Junchao, vice president of Ruoyu technology, published a circle of friends, accusing Xiaomi of buying other peoples concept flexible screens and concept machines that had not been produced in mass production, and said that Xiaomis claim of conquering the flexible folding screen technology was a blatant forgery. Due to the great difference in industry status and volume, Rouyus move was referred to as porcelain marketing.
In addition, since 2019, the media have repeatedly questioned the product yield and production cost, the long development front of Tob and TOC, the lack of application scenarios and key customers, and the nickname ppt enterprise. However, Ruoyu technology responded with legal action and alarm.
Looking back on 2019, various mobile phone manufacturers have launched folding screen mobile phones. It is not too much to call it the first year of folding screen. After the mass production capacity keeps up, the folding screen and even the full screen mobile phone may really usher in the consumer explosion.
According to the Research Report of China Development securities, the flexible screen technology is expected to penetrate rapidly and lead the new trend of smart phones. In recent years, the screen size enlargement brought by comprehensive screen technology has led a wave of industry innovation trend. Flexible screen technology can break the limit of physical space, realize the double growth of screen size, and has portability. It can better meet the personal needs of users in office and entertainment, and meet the future technology development trend of everything display and Internet.
In the huge market potential and continuous disputes, the financing activities of Ruoyu technology have not stopped. Tianyan information shows that Rouyu has previously obtained investment from several well-known institutions including IDG capital, poly capital and Shenzhen Venture Capital. After the cold winter of investment in 2019, Ruoyu technology won two more financing in 2020, and the current financing round has reached f round.
If Ruoyu technologys sprint to the science and technology innovation board can be realized eventually, the huge amount of funds is expected to make the product line of Rouyu technology upgrade comprehensively. When will the science and technology innovation board tour of Rouyu technology be officially launched? The market will continue to watch. This article is from securities companies in China. Author: Yunzhong falcon, editor in charge: Zhong Qiming_ NF5619
If Ruoyu technologys sprint to the science and technology innovation board can be realized eventually, the huge amount of funds is expected to make the product line of Rouyu technology upgrade comprehensively. When will the science and technology innovation board tour of Rouyu technology be officially launched? The market will continue to watch.