记者丨凌晨 编辑丨张伟贤 时隔两年半，宇隆科技再度冲击IPO，这不仅是一家面板产业链公司的上市之路，更是其实控人、陕西富豪王亚龙拓展A股版图的关键一步。 身家60亿，陕西富豪再冲IPO！名下已有百亿市值上市公司 公开资料显示，本次发行前，王亚龙、李红燕夫妇合计控制宇隆科技74.16%股份，为公司实控人。值得一提的是，宇隆科技成立于2014年成立时，由莱 特光电（688150.SH）、西安裕隆共同设立。而王亚龙与妻子李红燕正是另一家A股企业莱特光电的实控人。截至2025年12月31日，莱特光电报27.03元/ 股，总市值达109亿元。 若宇隆科技此番上市成功，王氏夫妇将实现在A股控股两家上市公司的布局。 2025年胡润百富榜上，A股上市公司莱特光电（688150.SH）的实控人王亚龙，以60亿元财富，排名胡润百富榜第1168位。这是王亚龙首次登上胡润百富 榜。 | 2025 年 | | 王亚龙 | | | | --- | --- | --- | --- | --- | | 排名 | 财富 | 排名变化 | 个人信息 | | | No. 1168 | ¥ 60亿 | New ~ | 王亚龙 | 菜特光电 | | ...

Core Viewpoint - Yulong Technology is making a second attempt at an IPO after two and a half years, marking a significant step for its actual controller, Wang Yalong, in expanding his presence in the A-share market [1]. Group 1: Company Overview - Wang Yalong and his wife, Li Hongyan, control 74.16% of Yulong Technology, making them the actual controllers of the company [3]. - Yulong Technology was established in 2014 in collaboration with Lite-On Technology (688150.SH) and Xi'an Yulong [3]. - If the IPO is successful, the Wang couple will control two listed companies in the A-share market [3]. Group 2: Financial Performance - Yulong Technology's revenue from 2022 to the first half of 2025 was 740 million, 698 million, 1.095 billion, and 597 million yuan respectively, while net profits were 66.84 million, 75.72 million, 121 million, and 70.32 million yuan [5]. - The company plans to raise 1 billion yuan through the IPO, a reduction from the 1.5 billion yuan initially targeted in 2023 [5]. - The total assets of Yulong Technology as of June 30, 2025, were approximately 1.489 billion yuan, with a debt ratio of 26.96% [6]. Group 3: Customer Dependency and Profitability - Yulong Technology heavily relies on a single major customer, BOE Technology Group, which accounted for 53.58% of sales in the first half of 2025 [8]. - The company's gross profit margin has declined from 38.36% in 2019 to 22.56% in the first half of 2025, a drop of over 15 percentage points [9]. Group 4: Strategic Developments - Following the announcement of Yulong Technology's IPO, Lite-On Technology is also venturing into high-end electronic materials, focusing on the research and production of quartz fiber electronic cloth [10]. - Lite-On Technology has initiated several new projects, including a 766 million yuan convertible bond issuance aimed at advancing perovskite material production [10]. - Wang Yalong is personally overseeing the new business initiatives at Lite-On Technology, indicating a dual strategy of expanding both Yulong Technology and Lite-On Technology simultaneously [10].

Core Viewpoint - Xinyi Renshou is expanding its production capacity while exploring new markets, including a new electronic paper display project for e-readers and notebooks in 2024 [1]. Group 1: Company Operations - Xinyi Renshou primarily produces thin-film transistor (TFT-LCD) displays and modules, as well as semiconductor products for consumer electronics, including smart wearables [2]. - The company’s fifth-generation TFT-LCD project has all 27 production lines fully operational, with a 20% increase in production capacity compared to last year, raising monthly output from 110k to an expected 130k units in 2024 [2]. - The company has developed a vehicle display that is now ready for mass production, which will diversify its product offerings [2]. Group 2: Capital Operations - Xinyi International, the parent company, announced plans to acquire approximately 11.43% of Xinyi Renshou's shares from Renshou Chantuo for a total of up to RMB 1.05 billion through a public bidding process [2]. - The acquisition will occur in two rounds, with the first round expected to start in the first half of 2026, and if both rounds are successful, Xinyi International will hold 41.13% of Xinyi Renshou [2]. Group 3: Shareholding Structure - The current shareholding structure of Xinyi Renshou shows that Xinyi Optical holds about 29.69%, Renshou Chantuo holds approximately 64.29%, and Renshou Ji'an No. 1 Investment Center holds about 6.02% [3].