优迅股份科创板IPO获受理 拟募资8.89亿元

Core Viewpoint - Youxun Co., Ltd. is focusing on the research and development of optical communication front-end transceiver chips and has initiated its IPO process on the Sci-Tech Innovation Board, aiming to raise 889 million yuan [1][6]. Company Overview - Youxun Co., Ltd. is recognized as a "national manufacturing single champion enterprise" in China's optical communication sector, specializing in the R&D, design, and sales of optical communication front-end transceiver chips [4]. - The optical communication chips serve as the "nerve center" of optical communication systems, playing a crucial role in amplifying, driving, retiming, and processing complex digital signals, which directly impacts the performance and reliability of the entire optical communication system [4]. Product Applications - The products of Youxun Co., Ltd. are widely used in optical modules, including optical transceiver components, optical modules, and optical terminals, with applications spanning access networks, 4G/5G/5G-A wireless networks, data centers, metropolitan area networks, and backbone networks [4]. - The company has achieved breakthroughs in domestic technology in key areas such as transceiver integration, high-speed modulation, and optoelectronic collaboration [4]. Market Position - According to ICC data, Youxun Co., Ltd. holds the leading market share in China for products with speeds of 10Gbps and below, ranking second globally. In the market for products above 25G, Chinese manufacturers account for only 7% of the global market by revenue [5]. - The company’s single-channel 25G chips and four-channel 100G chips have been successfully applied in critical areas such as data centers and 5G wireless transmission [5]. Financial Performance - Youxun Co., Ltd. reported revenues of 339 million yuan, 313 million yuan, and 411 million yuan for the years 2022, 2023, and 2024, respectively. The net profits for the same years were 81.39 million yuan, 72.08 million yuan, and 77.87 million yuan [5]. IPO Fund Utilization - The funds raised from the IPO will be allocated to the development and industrialization of next-generation access network and high-speed data center chips, vehicle-mounted chip R&D, and the development of 800G and above optical communication chips and silicon photonic components, as well as to supplement working capital [6]. - The investment projects align closely with the company's main business and future strategic development plans, enhancing R&D capabilities, enriching the product portfolio, and improving core competitiveness [6].