Core Viewpoint - The company, Visionary Technology Co., Ltd., has had its IPO application accepted by the Shanghai Stock Exchange, indicating a significant step towards public listing despite ongoing financial losses and high customer concentration risks [1][3]. Financial Performance - For the reporting period from 2022 to 2024, Visionary Technology is projected to achieve revenues of approximately 190 million yuan, 215 million yuan, and 280 million yuan respectively, while incurring net losses of 247 million yuan, 304 million yuan, and 247 million yuan, totaling a cumulative loss of about 798 million yuan [1][2]. - The company's total assets are expected to grow from 2.26 billion yuan in 2022 to 3.15 billion yuan by the end of 2024, while the equity attributable to shareholders is projected to decrease from 1.56 billion yuan in 2022 to 2.16 billion yuan in 2024 [2]. - The operating revenue for 2024 is estimated at 280 million yuan, up from 215 million yuan in 2023 and 190 million yuan in 2022 [2]. Cash Flow and Investment - The company has faced negative cash flow from operating activities, with net cash flows of -223 million yuan, -287 million yuan, and -75.62 million yuan over the reporting periods [3]. - A significant portion of revenue is allocated to research and development, with R&D expenses accounting for 95.93% of operating revenue in 2024, indicating a strong focus on innovation [2]. Customer Concentration and Market Position - Visionary Technology has a high customer concentration, with the top five customers contributing 75.59%, 76.62%, and 73.61% of total revenue in the respective years [3]. - The company has established strategic partnerships with key players in the XR field, which are crucial for future financial performance and operational development [3]. Risks and Challenges - The company faces risks related to project completion, production capacity, and market demand fluctuations, which could adversely affect future operations and profitability [4].

以下文章来源于LEDinside ，作者Irving LEDinside . TrendForce集邦咨询旗下光电研究处。研究领域包括MicroLED、MiniLED、照明、显示屏、紫外线（UV LED）、红外线 (IR LED/VCSEL)、化合物半导体等，提供以上各领域的产业研究报告及资讯。 6月17日， 芯视佳半导体科技有限公司 （以下简称"芯视佳"） 宣布，公司已在近日成功完成约 6 亿元 的 Pre-A轮融资。 | 序号 | 融资日期 | 融资轮次 | 融资金额 | 投资方 | 关联机构 | | --- | --- | --- | --- | --- | --- | | 1 | 2025-06-17 | Pre-A轮 | 约6亿元 | 创东方投资 领投 | 创东方投资 | | | | | | 校树资本 领投 | 技树员本 | | | | | | 乾成资本 | 乾成资本 | | | | | | 镇江国控集团 | 镇江国控集团 | | 2 | 2022-10-09 | 天使+轮 | 超亿元 | 国中私募股权投资基金（西安）合伙企业（有限合伙） 领投 | 国中资本 | | | | | | 淮南市高新战新产 ...

产业观察 [table_Header]2025.06.10 | | 【数字经济周报】博通推出 Tomahawk 6：世界上第 | 产业研究中心 | | | --- | --- | --- | --- | | 一台 | 102.4 Tbps 交换机 | [Table_Authors] | 朱峰(分析师) | | | 摘要：数字经济动态事件速览 第 17 期（2025.05.31-2025.06.06） | | 021-38676666 | | | [Table_Summary] 半导体板块动态： | 登记编号 | S0880522030002 | | | 1） 寒武纪：49.8 亿元定增申请获上交所受理 | | | | | 博通推出 交换机芯片 2） Tomahawk 6：全球首款 102.4 Tbps | | | | | 3） GlobalFoundries 宣布在美国投资 160 亿美元 | | 鲍雁辛(分析师) | | | 汽车电子板块动态 | | 021-38676666 | | | 1）小鹏联手华为推出 AR-HUD | 登记编号 | S0880513070005 | | | 2）蔚来公司 5 月交付 ...