Youxin Corporation's Sci-Tech Innovation Board IPO is "under inquiry", focusing on the research and design of front-end transceiver chips for optical communication.

On July 15, Xiamen Uxtend Semiconductor Co., Ltd. (referred to as Uxtend) applied for a change in the status of the Shanghai Stock Exchange's Sci-Tech board listing review to "under inquiry," with CITIC Securities as its sponsor institution, planning to raise 889 million yuan. According to the prospectus, Uxtend focuses on the research, development, design, and sales of front-end transmit and receive electric chips for optical communication. The company's products are widely used in optical modules (including optical transceiver components, optical modules, and optical terminals), with applications in access networks, 4G/5G/5G-A wireless networks, data centers, metropolitan area networks, and backbone networks. Optical communication electric chips are the "central nervous system" of optical communication photonic coordinated systems. As a key component of optical modules, optical communication electric chips are responsible for amplifying, driving, retiming, and processing complex digital signals of optical communication electrical signals, directly affecting the performance and reliability of the entire optical communication system. The company has achieved bulk shipments of optical communication electric chip products with speeds ranging from 155Mbps to 100Gbps and is actively researching and developing a series of new products including 50G PON transceiver chips, 400Gbps and 800Gbps data center transceiver chips, 4-channel 128Gbaud coherent transceiver chips, FMCW lidar front-end electric chips, and vehicle-mounted optical communication electric chips. In terms of revenue contribution, the main revenue of the company's core business comes from the sales of optical communication transceiver chips, cross-resistance amplifier chips, clipping amplifier chips, laser driver chips, and other chip products. Among them, the revenue of optical communication transceiver chips accounts for more than 80% of the operating income and is an important source of revenue. The company's products have achieved the substitution of similar products from leading international chip companies in terms of performance and technical indicators, successfully entering the supply chain system of many well-known global customers. According to ICC data, by the year 2024, the company's market share in the sub-segment of products with speeds of 10Gbps and below ranks first in China and second in the world. The funds raised from this public offering of stocks (after deducting issuance expenses) will be used for projects related to the company's core business. Specific investment project details are as follows: Financially, in the years 2022, 2023, and 2024, Uxtend achieved operating income of approximately 339 million yuan, 313 million yuan, and 411 million yuan, respectively; during the same period, net profits were approximately 81.39 million yuan, 72.08 million yuan, and 77.86 million yuan, respectively.