Core Viewpoint - Xiamen Youxun Chip Co., Ltd. (referred to as "Youxun") has had its IPO on the Sci-Tech Innovation Board postponed for review, raising concerns about its financial sustainability and governance structure [1][2] Group 1: Company Overview - Youxun focuses on the research, design, and sales of optical communication front-end transceiver chips [1] - The company aims to raise approximately 809 million yuan for projects related to next-generation access networks, high-speed data center chips, automotive chips, and 800G and above optical communication chips [1] Group 2: IPO Review Concerns - The listing committee has requested Youxun to address potential risks related to declining gross margins, market expansion, and the sustainability of its operating performance [1] - The committee also inquired about undisclosed relationships among certain investors and the stability of the actual controller's control over the company, given the low shareholding ratio and historical disputes among shareholders [1] Group 3: Financial Reporting - Youxun is required to clarify whether its accounting treatment for share-based payments complies with the relevant accounting standards [2]
优迅股份科创板IPO遭暂缓 实控人控制权是否稳定遭追问
Bei Jing Shang Bao·2025-09-19 19:54