Yulong Technology's application for an IPO on the Shenzhen Stock Exchange's ChiNext board has been accepted, with plans to raise 1 billion yuan.

On December 5th, Chongqing Yulong Optoelectronics Technology Co., Ltd. (referred to as Yulong Technology) has had its IPO on the Shenzhen Stock Exchange ChiNext Board accepted, with CITIC SEC as its sponsor institution, aiming to raise 1 billion RMB. The prospectus shows that Yulong Technology was established in March 2014, focusing on the research, production, and sales of intelligent control cards and precision functional devices related to the field of new semiconductor display panels. The company is committed to becoming the most valuable enterprise in China's intelligent control field. During the reporting period, the company's main products are LCD, OLED, and other new semiconductor display panel-specific intelligent control cards and their PCBA manufacturing services. They also provide precision functional devices for core application fields around the semiconductor display panel industry, with terminal applications mainly in the consumer electronics field such as tablet computers, laptops, monitors, large and medium-sized televisions, smartphones, and smart wearables. The company's main products are widely used by leading domestic semiconductor display panel manufacturers, and are extensively used in consumer electronics products of globally renowned brands. As of now, the company's main product - the intelligent control card for display - has established a certain market position. According to Frost & Sullivan data, in 2024, the company's market share in the main application fields of intelligent control cards for displays in China (including laptops, tablets, monitors, TVs, and car screens) is approximately 14%, ranking first in the market and holding a leading position in the industry. As of now, through long-term accumulation in the semiconductor display field, the company has built strong technical capabilities, rich industry experience, and continuous innovation capabilities. Building on this foundation, the company is expanding its business into new emerging industries such as automotive electronics, optical communication modules, collaboration with Siasun Robot & Automation, and low-altitude economy, aiming to create a diversified industrial ecosystem and provide customers with comprehensive, cross-domain solutions to drive continuous high-quality development. According to the prospectus, the funds raised in this offering will be used for the Hefei Yulong production base project, the Chongqing Yulong Phase II project, and for supplementing working capital. In terms of finances, for the years 2022, 2023, 2024, and January to June 2025, the company recorded operating income of 749 million RMB, 698 million RMB, 1.095 billion RMB, and 597 million RMB respectively, with net profits of 66.8386 million RMB, 75.7208 million RMB, 121 million RMB, and 70.328 million RMB respectively.