上交所2026年首家上会企业来了！根据安排，苏州联讯仪器股份有限公司（以下简称"联讯仪器"）科创板IPO将于1月14日走入上市委会议的考场。本次冲击 上市，联讯仪器年度业绩稳步增长，并于2024年实现扭亏为盈。不过亮眼业绩背后，公司报告期内的应收账款账面余额、存货账面余额也均同步大涨。另外 值得一提的是，就在本次上会前，公司于2025年12月31日更新披露的招股书对募投项目进行了调整，募资总额也由最初的19.54亿元缩减至17.11亿元。 据了解，联讯仪器主营业务为电子测量仪器和半导体测试设备的研发、制造、销售及服务。公司IPO于2025年8月15日获得受理，当年8月28日进入问询阶 段。就在本次上会迎考前不久，联讯仪器于2025年12月31日更新披露的招股书对募投项目进行了调整。 联讯仪器披露的初版招股文件显示，本次冲击上市，公司原计划募集资金19.54亿元，扣除发行费用后拟投资于下一代光通信测试设备研发及产业化建设项 目、车规芯片测试设备研发及产业化建设项目、存储测试设备研发及产业化建设项目、数字测试仪器研发及产业化建设项目、研发中心及制造中心建设项目 （一期）、补充流动资金，拟投资金额分别约为5.13亿 ...

Core Viewpoint - Suzhou Lianxun Instrument Co., Ltd. has been accepted for IPO on the Sci-Tech Innovation Board, aiming to raise 1.954 billion yuan for the development of next-generation optical communication testing equipment and automotive chip testing equipment [2] Company Overview - Lianxun Instrument was established in 2017 with a registered capital of 77 million yuan, focusing on the R&D, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment [2] - The company is the second globally to launch all core testing instruments for the industry's highest-level 1.6T optical module [2] - According to Frost & Sullivan, Lianxun Instrument is projected to rank first in the Chinese optoelectronic device testing equipment market share in 2024 [2] Fundraising Purpose - The company plans to use the raised funds for R&D and industrialization of next-generation optical communication testing equipment, automotive chip testing equipment, and to supplement working capital [2] Shareholding Structure - The actual controllers of the company are Hu Haiyang, Huang Jianjun, and Yang Jian, holding 20.55%, 7.19%, and 5.83% of shares respectively, totaling 33.56% [2] - Through employee stock ownership platforms, they indirectly control an additional 21.23% of shares, leading to a total control of 54.79% [2] Financial Performance - The company's revenue for 2022 to 2024 and the first three months of 2025 are projected to be 214 million yuan, 276 million yuan, 789 million yuan, and 201 million yuan respectively [6] - The net profit attributable to shareholders for the same periods is expected to be -38.07 million yuan, -55.39 million yuan, 140 million yuan, and 19.33 million yuan respectively [6] - The comprehensive gross profit margins for these years are projected to be 43.61%, 60.50%, 63.63%, and 65.33% respectively [6]