Core Viewpoint - Wuhan Changjin Photon Technology Co., Ltd. has had its IPO application accepted by the Shanghai Stock Exchange, aiming to raise 780 million yuan for a high-performance specialty fiber production base and R&D center, as well as to supplement working capital [2] Company Overview - Established in 2012, Changjin Photon focuses on the R&D, production, and sales of specialty optical fibers, with its main product being rare-earth-doped fibers used in various applications such as advanced manufacturing, optical communication, measurement sensing, and national defense [4] - The actual controller and chairman of the company is Li Jinyan, who has a PhD and has held various positions in the optical communication field since 2001 [4] Financial Performance - Revenue is projected to grow from 108 million yuan in 2022 to 192 million yuan in 2024, while net profit is expected to increase from 37 million yuan to 76 million yuan during the same period, with gross margins of 66.37%, 69.31%, and 69.13% respectively [4] Investment History - From 2012 to March 2025, Changjin Photon completed six rounds of financing, with post-investment valuation rising from 200 million yuan to 1.8 billion yuan, supported by notable investors including Jepter, Hubble Investment, and Hillhouse Capital [4] Shareholder Changes - Prior to the IPO, existing shareholders faced a significant exit, with Tianheng Venture Capital acquiring shares from Li Jinyan and others at 25.62 yuan per share, while Huagong Mingde Fund's shares were sold at 24.34 yuan per share, leading to a valuation drop to 1.71 billion yuan [5]
长进光子IPO：递表前有人突击入股 有人清仓离场
Xi Niu Cai Jing·2025-09-05 08:18