优迅股份科创板IPO过会，加速光通信电芯片国产替代

Core Viewpoint - Youxun Co., Ltd. has successfully passed the IPO review by the Shanghai Stock Exchange, focusing on the research, design, and sales of optical communication front-end transceiver chips, which are critical components in optical communication systems [1][2]. Company Overview - Youxun Co., Ltd. is recognized as a "national manufacturing single champion enterprise" in the optical communication sector, specializing in optical communication front-end transceiver chips [1]. - The company's products are essential for amplifying, driving, retiming, and processing complex digital signals in optical communication systems, directly impacting the performance and reliability of these systems [1]. Market Position - China has become the largest production base for optical devices and modules globally, with seven out of the top ten manufacturers being Chinese companies, indicating a strong market position [2]. - However, the development of optical communication chips in China remains relatively unbalanced, representing a weak link in the optical communication industry chain [2]. Product Development - Youxun has established a comprehensive core technology system in optical communication chip design, achieving breakthroughs in key areas such as transceiver integration and high-speed modulation [2]. - The company has successfully launched products with transmission rates ranging from 155 Mbps to 100 Gbps and is actively developing new products, including 50G PON transceiver chips and 400 Gbps data center transceiver chips [2][3]. Financial Performance - The company reported revenues of 313 million yuan, 411 million yuan, and 238 million yuan for the years 2023, 2024, and the first half of 2025, respectively, with net profits of approximately 72.08 million yuan, 77.87 million yuan, and 46.96 million yuan [3]. IPO Fundraising - Youxun plans to raise 809 million yuan through its IPO, which will be invested in projects related to the development and industrialization of next-generation access network and high-speed data center chips, as well as automotive chip research and development [3]. - The fundraising projects align closely with the company's main business and future strategic development plans, aimed at enhancing R&D capabilities and product offerings [3].