Group 1: Company Overview - 蘅东光, established in September 2011, specializes in the R&D, manufacturing, and sales of passive optical devices in the optical communication field [1] - 新广益, founded in 2004, focuses on the R&D, production, and sales of high-performance specialty functional materials, including anti-overflow special films and strong resistance special films [6][7] Group 2: Financial Performance - 蘅东光's IPO price is set at 31.59 CNY per share, with a market capitalization of 4.5 billion CNY [2] - 新广益's IPO price is 21.93 CNY per share, with a market capitalization of 3.22 billion CNY [7] - 蘅东光's revenue and net profit are projected to grow significantly, with a compound annual growth rate (CAGR) of 66.33% for revenue and 61.34% for total assets from 2022 to 2024 [6] - 新广益's main business revenue for 2022 to mid-2025 is projected to be 4.55 billion CNY, 5.16 billion CNY, 6.57 billion CNY, and 3.13 billion CNY, with net profits of 815.13 million CNY, 832.83 million CNY, 1.16 billion CNY, and 592.06 million CNY respectively [9] Group 3: Market Position and Competitive Landscape - 蘅东光 has undertaken significant research projects, including 400G ultra-high-density passive multi-core optical connection components and systems [1] - 新广益 has broken the technological monopoly of foreign companies in the production of anti-overflow special films and strong resistance special films, becoming the market leader in China for these products [7][8] Group 4: Investment and Development Plans - 蘅东光 plans to invest 2.10 billion CNY in the expansion of its Guilin manufacturing base, 1.00 billion CNY in the expansion of its Vietnam production base, and 1.14 billion CNY in the construction of its optical R&D center [2] - 新广益 intends to allocate 6.38 billion CNY entirely to functional material projects [7] Group 5: Client Relationships and Product Applications - 蘅东光's products are primarily exported, with major clients including AFL, Coherent, Jabil, and others, serving large global brands like AT&T, Verizon, Google, and Amazon [5] - 新广益's main clients include well-known companies such as Pengding Holdings, Weixin Electronics, and GoerTek, with a focus on expanding its customer base [8]