Changrui Electromechanical Chairman Tsai Hsiang-ju (center), Fubon Securities Investment Consulting Chairman Chen Yi-Guang (third from right), and Fubon Securities Investment Banking Division Vice President Hsu Chuan-Li (second from right) attend the pre-IPO performance press conference. Changrui Electromechanical (7642), advised by Fubon Securities, will initiate the competitive bidding process starting today (the 7th). The underwriting method will include competitive bidding and public subscription, set at a minimum bidding price of NT$58.05 per share, from May 7 to May 9. The underwriting price will be determined by the bidding results, with the public subscription scheduled to begin on May 15.

Changrui Electromechanical is a leading manufacturer of professional DC motor ceiling fans in Taiwan, known for its outdoor waterproof and high-efficiency motor fan products. The company possesses patented core structural modular technology that enhances product competitiveness. For the fiscal year 2024, the revenue is projected at NT$958 million, with a net profit after tax of NT$170 million, and earnings per share of NT$6.39, representing respective growth rates of 4.80%, 16.87%, and 10.36% compared to 2023's revenue (NT$914 million), net profit after tax (NT$145 million), and earnings per share (NT$5.79).

According to Hsu Chuan-Li, Vice President of Fubon Securities, Changrui Electromechanical focuses on producing high-quality, aesthetically pleasing DC motor ceiling fans that meet ESG environmental standards. They integrate motors, electronic controls, and lighting systems into a single controller, offering customized products tailored to client needs. Furthermore, in recent years, Changrui Electromechanical has actively expanded its overseas presence, targeting high-end markets across Europe, the United States, and Australia while continuously developing international benchmark clients.