An IPO application for the Beijing Stock Exchange by ThundeRobot, a leader in the sale of gaming computers and accessories, was accepted on June 28. The funds raised are intended to be invested in brand upgrades, headquarters operation center construction, product development and design center construction, repayment of bank loans and replenishment of working capital.
ThundeRobot was established in 2014 and listed on the National Equities Exchange and Quotation (NEEQ) in 2017. The company’s main products include laptops, monitors, keyboards, computer mice, headphones and so on.
In 2021, ThundeRobot achieved operating income 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-on-year increase of 27.94%. In the past three years, the company’s R&D expenses were 67.7816 million yuan, 75.4642 million yuan and 111 million yuan respectively, accounting for 3.24%, 3.35% and 4.18% of revenue.
By the end of 2021, the company had five core technical personnel and a product R&D team composed of 90 staff members.
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 of ThundeRobot by indirectly controlling Haili Fangzhou. In other words, Haier Group controls 38.01% of the voting rights of ThundeRobot and is the actual controller of the company.
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, only behind Lenovo and Dell.