Yulong Technology's ChiNext IPO Application Accepted, Aims to Raise RMB 1 Billion

Stock News12-05 19:52

On December 5, Chongqing Yulong Optoelectronic Technology Co., Ltd. (Yulong Technology) announced that its IPO application for the Shenzhen Stock Exchange's ChiNext board has been accepted. CITIC Securities serves as the sponsor, with plans to raise RMB 1 billion.

Founded in March 2014, Yulong Technology specializes in the R&D, production, and sales of smart control cards and precision functional components for advanced semiconductor display panels. The company aims to become a leading enterprise in China's smart control sector.

During the reporting period, Yulong Technology's core products included smart control cards for LCD and OLED display panels, along with PCBA manufacturing services. The company also supplies precision functional components tailored for the semiconductor display panel industry, with end applications spanning consumer electronics such as tablets, laptops, monitors, large-sized TVs, smartphones, and wearable devices.

Yulong Technology's products are widely adopted by leading domestic semiconductor display panel manufacturers and are ultimately integrated into globally renowned consumer electronics brands. According to Frost & Sullivan, the company held approximately 14% of China's smart control card market in 2024 (covering notebooks, tablets, monitors, TVs, and automotive displays), ranking first in the industry.

Leveraging its long-term expertise in semiconductor displays, Yulong Technology has developed strong technical capabilities, extensive industry experience, and continuous innovation. The company is now expanding into emerging sectors such as automotive electronics, optical communication modules, collaborative robotics, and the low-altitude economy, aiming to build a diversified industrial ecosystem and provide cross-domain solutions.

Per the prospectus, the raised funds will be allocated to the Hefei Yulong production base project, Chongqing Yulong Phase II project, and working capital replenishment.

Financially, the company reported revenues of RMB 749 million, RMB 698 million, RMB 1.095 billion, and RMB 597 million for 2022, 2023, 2024, and the first half of 2025, respectively. Net profits during the same periods were RMB 66.84 million, RMB 75.72 million, RMB 121 million, and RMB 70.33 million.

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