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联讯仪器拟科创板IPO:多领域打破国外垄断
Zheng Quan Shi Bao Wang·2025-08-15 14:53

Core Viewpoint - Suzhou Lianxun Instrument Co., Ltd. has officially submitted its IPO application for the Sci-Tech Innovation Board, aiming to raise 1.954 billion yuan, positioning itself as a leading supplier of high-end testing instruments in China [1] Group 1: Company Overview - Lianxun Instrument specializes in the R&D, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment, providing high-speed, high-precision, and high-efficiency core testing instruments for clients in the global high-speed communication and semiconductor sectors [1] - The company plays a crucial role in the domestic production of core basic instrument equipment, supporting national strategic needs in key technology areas such as artificial intelligence and new energy [1] Group 2: Technological Strengths - Lianxun Instrument has developed three core technological pillars: high-speed signal processing, weak signal processing, and ultra-precision motion control, establishing a platform-level technology system with high reusability [2] - The company has achieved significant breakthroughs in the optical communication testing field, with core products like the 50GHz sampling oscilloscope and 800Gbps error analysis instrument, enabling large-scale testing of 400G and 800G optical modules [2] - In the semiconductor testing field, Lianxun Instrument holds a 43.6% market share in the carbon silicon power device wafer-level aging system market, ranking first in China [3] Group 3: Financial Performance - From 2022 to 2024, Lianxun Instrument's revenue grew rapidly from 214 million yuan to 789 million yuan, with a compound annual growth rate exceeding 90%, and net profit reaching 140 million yuan in 2024 [3] - The company has invested a total of 350 million yuan in R&D from 2022 to 2024, with over 40% of its workforce dedicated to research and development by the end of 2024 [3] Group 4: Market Potential - The global electronic measurement instrument market is projected to grow from 10.08 billion USD in 2020 to 12.93 billion USD in 2024, with further growth expected to 18.38 billion USD by 2029 [4] - The semiconductor testing equipment market is also anticipated to recover, with a year-on-year growth of 10.15% in 2024, driven by advancements in artificial intelligence and the recovery of consumer electronics [5] Group 5: Global Expansion - Lianxun Instrument has established a market network covering major domestic and international clients, including partnerships with leading companies in the optical communication and semiconductor sectors [7] - The company's overseas revenue share increased from 13.54% in 2022 to 20.23% in the first quarter of 2025, reflecting its successful integration into the global supply chain [7] Group 6: Future Plans - The funds raised from the IPO will be invested in the R&D and industrialization of next-generation optical communication, automotive-grade chips, storage testing, and digital testing equipment, aiming to strengthen its competitive edge in these fields [8]