2家过会！优迅股份二次上会过关！

Core Viewpoint - The article discusses the approval of two companies, Beijing Angrui Microelectronics Technology Co., Ltd. and Xiamen Youxun Chip Co., Ltd., for their IPO applications on the Sci-Tech Innovation Board, indicating a positive trend in the IPO market [1][2]. Summary by Sections Company Overview - Angrui Micro is focused on integrated circuit design in the RF and analog fields, recognized as a national-level "little giant" enterprise. The company specializes in RF front-end chips, RF SoC chips, and other analog chips, with a strong emphasis on R&D and product iteration [8]. - Youxun Chip is a national champion in the optical communication sector, concentrating on the development and sales of optical communication front-end transceiver chips, which are crucial for the performance of optical communication systems [12]. Financial Performance - Angrui Micro's revenue from 2022 to the first half of 2025 is reported as follows: 0.923 billion, 1.695 billion, 2.1 billion, and 0.844 billion respectively, with net losses of -0.29 billion, -0.45 billion, -0.0647 billion, and -0.0403 billion, indicating that the company has not yet achieved profitability [8]. - Youxun Chip's revenue for the same period is: 0.339 billion, 0.313 billion, 0.411 billion, and 0.238 billion, with net profits of 0.081 billion, 0.072 billion, 0.079 billion, and 0.047 billion, showing a relatively stable performance [12]. IPO Process - Angrui Micro's IPO application was accepted on March 28, 2025, and after two rounds of inquiries, it was approved on October 15, 2025. The listing committee raised questions regarding the company's growth potential and sales increase justification [7][8]. - Youxun Chip's IPO application was accepted on June 26, 2025, and after being deferred on September 19, 2025, it was approved in a second meeting just four months later. The committee's inquiries focused on the sustainability of profit margins and the stability of control by the actual controller [11][12].