Core Viewpoint - Suzhou Lianxun Instrument Co., Ltd. has applied for the Shanghai Stock Exchange's Sci-Tech Innovation Board listing, with its review status changed to "inquired," aiming to raise 1.954 billion yuan [1] Company Overview - Lianxun Instrument is a leading domestic high-end testing instrument manufacturer, focusing on the R&D, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment [1] - The company provides core testing instruments for high-speed communication and semiconductor industries, contributing to the efficiency of product development and mass production in cutting-edge technology sectors such as AI and new energy [1] - The electronic measurement instruments include communication testing instruments and electrical performance testing instruments, with applications in high-precision electrical testing [1] Product Offerings - The semiconductor testing equipment includes optical device testing systems, power device testing equipment, and electrical performance testing devices [2] - Lianxun Instrument is one of the few manufacturers covering core testing needs across the optical communication industry chain, producing critical testing instruments for 400G and 800G high-speed optical modules [2] - The company is also among the few in China capable of providing a comprehensive range of electrical performance testing instruments and has achieved industrial application of wafer-level aging testing equipment [2] Financial Performance - The company reported revenues of approximately 214 million yuan, 276 million yuan, 789 million yuan, and 201 million yuan for the years 2022, 2023, 2024, and the first quarter of 2025, respectively [3] - Net profits for the same periods were approximately -37.89 million yuan, -56.70 million yuan, 141 million yuan, and 19.28 million yuan [3] - As of March 31, 2025, total assets amounted to approximately 1.444 billion yuan, with equity attributable to shareholders of approximately 708 million yuan [4]

Core Viewpoint - On August 15, the Shanghai Stock Exchange officially accepted the listing application of Suzhou Lianxun Instrument Co., Ltd. (hereinafter referred to as "Lianxun Instrument"), which plans to raise 1.954 billion yuan for the development and industrialization of next-generation optical communication, automotive-grade chips, storage testing, and digital testing equipment and instruments [1][5]. Group 1: Company Overview - Lianxun Instrument, established in 2017, is a domestic high-end testing instrument supplier, primarily engaged in the R&D, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment [2]. - The company provides core testing instruments and equipment with high speed, high precision, and high efficiency for global high-speed communication and semiconductor clients [2]. Group 2: Financial Performance - Financial data indicates that Lianxun Instrument's revenue is projected to grow from 214 million yuan in 2022 to 789 million yuan in 2024, representing a compound annual growth rate (CAGR) of over 90% [2]. - The cumulative R&D investment is 350 million yuan, with R&D personnel accounting for 40.32% by the end of 2024 [2]. Group 3: Product Offerings - In optical communication, Lianxun Instrument has mass-produced core testing instruments for 400G and 800G high-speed optical modules, including 50GHz sampling oscilloscopes and 800Gbps error analyzers [3]. - The company has expanded its product line for automotive-grade power device testing, with key products achieving industrial application [3]. - In semiconductor integrated circuit testing, the company offers precision source meters with a minimum current resolution of 1fA [3]. Group 4: Market Position - According to Frost & Sullivan data, Lianxun Instrument ranks third in the Chinese optical communication testing instrument market in 2024, being the only domestic company among the top five [3]. - The company holds the first market share in the 2024 Chinese silicon carbide power device wafer-level aging system market [3]. Group 5: Customer Base and Global Expansion - Lianxun Instrument has established a customer base in the optical communication sector, covering major players such as Zhongji Xuchuang and Broadcom [4]. - The company has also expanded its global footprint through subsidiaries in Japan, Singapore, and Malaysia, increasing its overseas revenue share from 13.54% in 2022 to 20.23% in early 2025 [4]. Group 6: Fundraising Plans - The company plans to use the 1.954 billion yuan raised for six main projects, including the development of next-generation optical communication testing equipment and automotive chip testing equipment [5].

Core Viewpoint - Suzhou Lianxun Instrument Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, aiming to raise approximately 1.95 billion yuan for various R&D and construction projects [1] Company Overview - Lianxun Instrument is a high-end testing instrument equipment company, primarily engaged in the R&D, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment [1] Financial Performance - The company reported revenues of approximately 214 million yuan, 276 million yuan, 789 million yuan, and 201 million yuan for the years 2022, 2023, 2024, and the first quarter of 2025, respectively [1] - Corresponding net profits attributable to the company were approximately -38.07 million yuan, -55.39 million yuan, 140 million yuan, and 19.33 million yuan for the same periods [1] Fundraising and Investment Plans - The IPO aims to raise about 1.95 billion yuan, which will be allocated to the R&D and industrialization of next-generation optical communication testing equipment, automotive chip testing equipment, storage testing equipment, digital testing instruments, and the construction of R&D and manufacturing centers (Phase I), as well as to supplement working capital [1]

Group 1 - The core viewpoint of the article is that Suzhou Lianxun Instrument Co., Ltd. has officially submitted its application for an initial public offering (IPO) on the Sci-Tech Innovation Board, with the Shanghai Stock Exchange accepting the application on August 15, 2025 [1] - Lianxun Instrument is a domestic high-end testing instrument supplier, primarily engaged in the research, development, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment [1] - The company plans to raise approximately 1.954 billion yuan through the IPO, which will be invested in the research and industrialization of next-generation optical communication, automotive-grade chips, storage testing, and digital testing equipment [2] Group 2 - From 2022 to 2024, the company is expected to invest a total of approximately 350 million yuan in research and development, with R&D personnel projected to account for 40.32% of the workforce by the end of 2024 [1] - The funds raised will help consolidate the company's advantages in optical communication and power devices, and promote the development and industrialization of products such as high-speed storage chip testers, sorting machines, and aging equipment [1]