The Shenzhen Stock Exchange has accepted the initial public offering application for the ChiNext board from Shenzhen Weidu Technology Co., Ltd. (Weidu Technology).
China Merchants Securities is acting as the sponsor for the offering, which aims to raise approximately 1.38954 billion yuan.
According to its prospectus, Weidu Technology is a high-tech enterprise specializing in the research, development, production, and sales of photoelectric test instruments. Its core business is focused on optical communication test instruments and equipment.
These optical communication test products perform high-precision measurement and verification of key parameters for optical connection nodes and links, ensuring the stable operation and high-quality development of the optical communication industry chain, and supporting technological innovation and industrial upgrades in the sector.
The company's optical communication test instrument portfolio includes series for testing the physical characteristics of fiber end faces, optical transmission performance, and electrical signal performance. Building on this foundation, the company also provides optical communication test equipment, forming a comprehensive product matrix that offers customers one-stop optical communication test solutions.
Weidu Technology's products are applied throughout the entire optical communication industry chain, covering optical fibers, optical devices, optical modules, switches, AI computing centers, and data centers. They are widely used across the entire lifecycle of core optical communication components, including research, manufacturing, quality control, deployment, and operation & maintenance for products such as high-density fiber connectors, FAU fiber array units, high-speed optical modules, silicon photonic integrated circuits, and CPO switches.
The company has established cooperative relationships with numerous well-known domestic and international enterprises, including NVIDIA, Lumentum, and CommScope, gaining recognition from mainstream clients within the optical communication industry chain.
Optical communication test instruments provide precise support at every stage of the process for optical communication devices, from incoming material inspection to quality control and aging tests. Their quality directly impacts the stability, production efficiency, and yield rates of mass-produced optical communication devices.
Taking optical modules as an example, data from LightCounting and Frost & Sullivan indicates that the global market size for optical modules is projected to grow from $19.7 billion in 2025 to $43.2 billion in 2030, representing a compound annual growth rate of 17%. The core driver behind this growth is the continuous expansion of production capacity for optical communication devices.
Optical communication test instruments are indispensable core equipment in this expansion process, with procurement demand positively correlated with the increase in production capacity for optical communication devices.
Financially, for the years 2023, 2024, and 2025, the company reported operating revenues of approximately 78.3154 million yuan, 155 million yuan, and 312 million yuan, respectively.
During the same periods, its net profits were approximately 11.1296 million yuan, 42.7325 million yuan, and 97.3483 million yuan, respectively.
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