CSRC approves Chang'guang photonic's registration for IPO on the Science and Technology Innovation Board.

On April 10th, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Wuhan Changjin Photon Technology Co., Ltd." It is reported that Changjin Photon plans to list on the Science and Technology Innovation Board of the Shanghai Stock Exchange, with Guotai Haitong as its sponsor institution, aiming to raise 780 million yuan. According to the prospectus, Changjin Photon is mainly engaged in the research, development, production, and sales of special optical fibers, generating revenue by selling rare-earth-doped fibers to downstream customers. The company's main product, rare-earth-doped optical fiber, is an important subclass of special optical fiber, serving as a core optical material in the upstream of the laser industry chain, and is a key component in various optical fiber lasers, amplifiers, and radar systems, widely used in advanced manufacturing, optical communications, measurement sensing, national defense, military industry, medical health, scientific research, and other fields. It is a crucial material driving the development of the optoelectronic industry and supporting the growth of downstream strategic emerging industries.