On August 28, Ceyear Technologies Co., Ltd. (301689.SZ) launched its subscription on the Shenzhen Stock Exchange, priced at 16 yuan per share with a maximum subscription limit of 12,000 shares. The offering carries a price-to-earnings ratio of 44.81 times, with Guotai Haitong Securities acting as the sponsor.
According to the prospectus, Ceyear Technologies is a high-tech enterprise specializing in the research, development, manufacturing, and sales of electronic measurement instruments. It boasts the most comprehensive product portfolio and the widest spectrum coverage within China's electronic measurement instrument industry, with primary offerings including complete machines, testing systems, and components.
Data from Frost & Sullivan's independent industry study on the global and Chinese electronic measurement instrument markets reveals that the global market size for these products and testing systems expanded from 101.72 billion yuan in 2020 to 139.12 billion yuan in 2024, with projections indicating further growth to 207.42 billion yuan by 2029. In China, the corresponding market size grew from 31.20 billion yuan in 2020 to 49.50 billion yuan in 2024, and is expected to reach 82.64 billion yuan by 2029.
Financially, the company recorded operating revenues of approximately 2.153 billion yuan, 2.052 billion yuan, and 2.398 billion yuan for the fiscal years 2023, 2024, and 2025, respectively. During the same periods, it achieved net profits of roughly 190 million yuan, 275 million yuan, and 438 million yuan, demonstrating a consistent upward trajectory.
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