Company Overview - The company specializes in the research, development, and application of metal material testing technology, providing services such as testing services, analytical instruments, standard materials, and corrosion protection engineering [2] - It holds a high reputation and credibility in the domestic metal material testing field and is recognized as one of the most comprehensive testing research institutions in China [2] Financial Performance - As of 2024, the company achieved a revenue of CNY 1,097.67 million, a year-on-year increase of 15.60%; net profit attributable to shareholders was CNY 145.02 million, up by 15.37%; basic earnings per share (EPS) was CNY 0.3861, an increase of 15.25% [3] - By September 30, 2025, the company reported a revenue of CNY 805.97 million, a growth of 11.64% year-on-year; net profit was CNY 99.70 million, up by 15.08%; basic EPS was CNY 0.2637, reflecting a 14.95% increase [3] R&D and Workforce - The company has 161 R&D personnel, accounting for approximately 12% of total employees, with 97 holding master's or doctoral degrees [3] - The company emphasizes a positive work culture and long-term talent retention strategies, ensuring stability among core technical staff [3] Business Segments - The company operates three main business segments: testing (50% of revenue), instruments (25%), and standard materials (10%) [3] - The testing segment focuses on metal material testing, expanding into various sectors including traditional industries and emerging fields like aerospace and new materials [3] - The instruments segment offers over 60 types of analytical instruments, enhancing competitiveness through continuous improvement and innovation [4] Client Relationships - The company maintains strong relationships with major clients, focusing on long-term cooperation and meeting their ongoing testing needs [4] Product Development - Some core components of the company's instruments are self-sourced, while others are procured from multiple sources to mitigate supply risks [4] - The company aims to enhance the performance of its high-end products to match international standards through significant R&D investment [4] R&D Investment - The company prioritizes R&D investment to strengthen its technological foundation and core competencies, focusing on high-end scientific instruments and new testing technologies [4]

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, aiming to enhance its capabilities in high-end scientific instrument development and expand its market presence [3] Company Overview - Established in 2016, Guoyi Quantum has a registered capital of 360 million yuan and focuses on R&D of high-end scientific instruments, serving primarily universities, research institutions, and corporate clients [3] - As of the signing date of the prospectus, the company holds 129 invention patents related to its main business [3] Financial Performance - The company has not yet achieved profitability, with significant R&D and sales expenditures leading to high expense ratios: 140.64%, 74.73%, 60.17%, and 96.00% for different periods [4] - The net losses for the respective periods were 168 million yuan, 169 million yuan, 104 million yuan, and 7.39 million yuan, with an accumulated deficit of 427 million yuan as of June 30, 2025 [4] - Management expects a substantial reduction in net loss for the first half of 2025 and anticipates profitability by 2026 [5] R&D and Talent - The company invested a total of 412 million yuan in R&D, accounting for 35.46% of total revenue during the reporting period, with a decreasing R&D expense ratio from 75.34% in 2022 to 23.13% in 2024 [6][7] - As of June 2025, the company employed 192 R&D personnel, representing 31.37% of total employees, with 78.27% holding a bachelor's degree or higher [7] Market Expansion - Guoyi Quantum has seen significant growth in overseas market revenue, with contributions rising from 0.83% to 12.06% from 2022 to 2024, and a compound annual growth rate of over 500% in sales to foreign end customers [7] - The company plans to raise 265 million yuan through the IPO to establish application centers in key domestic and international regions, facilitating scale expansion and targeting quality customer groups [7]