近期，苏州联讯仪器股份有限公司（以下简称"联讯仪器"）科创板IPO获上交所受理，保荐机构为中信证券。公司拟募集19.54亿元，募投项目均围绕公司主 营业务展开。 财务数据显示，公司近几年的营收及净利润增长较快，2022至2024年度营业收入复合增长率为91.79%，其归母净利润在2024年也开始实现盈利，并在2025 年一季度继续保持盈利。 高端测试设备生产商，拟IPO募集19.54亿元 联讯仪器创建于2017年，公司是国内领先的高端测试仪器设备企业，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。 公司是业内极少数覆盖光通信产业链中模块、芯片、晶圆等核心环节测试需求的厂商，全球第二家推出目前业内最高水平1.6T光模块全部核心测试仪器的厂 商。根据Frost&Sullivan数据，2024年公司在中国光电子器件测试设备和中国碳化硅功率器件晶圆级老化系统中的市场份额均排名第一；在中国光通信测试 仪器市场份额排名第三。 招股书显示，公司拟IPO募集19.54亿元，投向与主业相关的科技创新领域。具体投资项目包括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 ...

本周，半导体是全市场最靓的仔，没有之一！ 寒武纪、海光信息周五双双涨停，中芯国际、澜起科技、芯原股份跟涨，拉动科创芯片ETF日内涨超10个点。 与此同时，近期又有一家半导体产业链的公司正在冲击IPO。 格隆汇获悉，8月15日，苏州联讯仪器股份有限公司（简称"联讯仪器"）向上交所科创板递交了招股书，由中信证券担 任保荐人。 联讯仪器专注于电子测量仪器和半导体测试设备领域，行业受下游数据中心基建、半导体周期影响较为明显，同时国 产替代尚有较大的空间。 公司的产品主要包括电子测量仪器和半导体测试设备，以及配套的测试部件及服务。 不过，在财务方面，公司的应收账款和存货规模较大，面临一定的压力；且当前处于产能扩张周期，需要较大的资金 投入。 01 总部位于江苏苏州，专注于高端测试仪器设备 联讯仪器2017年3月成立，创始人是杨建和胡海洋，2022年10月改制为股份有限公司，总部位于江苏苏州高新区湘江 路。 公司自2019年起已完成多轮融资，公开资料显示，公司2023年C轮融资的投后估值超30亿元。 目前，胡海洋通过直接与间接的方式合计控制公司34.83%的股份，是控股股东。 胡海洋、黄建军、杨建三人通过一致行动协议直接 ...

Core Viewpoint - Suzhou Lianxun Instrument Co., Ltd. is seeking to go public on the A-share market after experiencing explosive growth in 2024, with revenue increasing over 180% and net profit turning positive, despite rising debt levels and concerns over past equity holding arrangements [1][2][4]. Financial Performance - In 2024, the company achieved approximately 789 million yuan in revenue, a year-on-year increase of 185.87%, and a net profit of about 140 million yuan, marking a turnaround from previous losses [2]. - The company reported revenues of approximately 214 million yuan and 276 million yuan in 2022 and 2023, respectively, with net losses of 38.07 million yuan and 55.39 million yuan in those years [2]. - In Q1 2025, the company continued its profitability with revenues of about 201 million yuan and a net profit of approximately 19.33 million yuan [2]. Funding and Capital Structure - The company plans to raise approximately 1.954 billion yuan through its IPO, with 150 million yuan allocated for working capital and the remainder for various R&D projects [3]. - As of Q1 2025, the company had about 254 million yuan in cash, indicating a strong liquidity position despite the planned fundraising [3]. - The company has a rising debt-to-asset ratio, which was reported at 51.03% by the end of the reporting period, significantly higher than the industry average [4]. Shareholding and Governance - The chairman, Hu Haiyang, has a complex shareholding structure, directly holding 20.55% and indirectly controlling a total of 34.83% of the company through various platforms [5][6]. - There were past instances of equity holding arrangements that raised concerns, but the company asserts that its current shareholding structure is clear and compliant with governance standards [7]. Legal and Compliance Issues - The company is currently involved in ongoing litigation related to a patent infringement dispute with Aehr, which remains unresolved [7].

成立逾八年时间，高端测试仪器设备企业苏州联讯仪器股份有限公司（以下简称"联讯仪器"）开始向A股市场发起冲击。上交所官网显示，近期，联讯仪器 科创板IPO获得受理。本次冲击上市背后，联讯仪器业绩于2024年出现爆发式增长，当年，公司营收同比涨超180%，净利同比扭亏为盈；进入今年一季度， 公司继续保持盈利。不过，在业绩大增的同时，联讯仪器报告期内也存在资产负债率持续走高的情况。此外，公司董事长胡海洋在公司成立时曾委托其朋友 进行股权代持，相关事项也引发市场关注。针对相关问题，联讯仪器方面于8月19日接受了北京商报记者采访。 去年净利扭亏为盈 "一边亏损一边大额分红，再欲募资补流，易引发监管和投资者对其融资必要性与分红适当性的质疑。"中国企业资本联盟副理事长柏文喜表示。 对于本次募资补流的合理性、必要性，联讯仪器方面告诉北京商报记者，2022年至2025年3月底，公司经营规模持续增长，日常运营资金需求增加的同时， 公司需通过持续的研发投入保持竞争优势。为保证公司发展规划的顺利实施，增强财务抗风险能力，公司以实际运营情况为基础，结合未来发展规划，拟使 用本次募集资金中的部分资金补充流动资金用于主营业务。 资产负债率 ...

Core Viewpoint - The article discusses the IPO acceptance of Lianxun Instrument, a high-end testing equipment company in Suzhou, Jiangsu, highlighting its market position, financial performance, and future growth plans through fundraising [4][8]. Company Overview - Lianxun Instrument was established in March 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 [6]. - The company has received multiple honors, including the national-level "specialized, refined, and innovative" small giant designation [6]. Market Position - According to Frost & Sullivan data, Lianxun Instrument ranks third in China's optical communication testing instrument market and is the only domestic company in the top five [7]. - It holds the first position in the Chinese optoelectronic device testing equipment market and the first position in the market for silicon carbide power device wafer-level aging systems [7]. Financial Performance - Lianxun Instrument plans to raise 1.954 billion yuan through its IPO to invest in various R&D projects and working capital [8]. - The company reported revenues of 2.14 billion yuan in 2022, 2.76 billion yuan in 2023, and projected revenues of 7.89 billion yuan in 2024, with a net profit of 1.41 billion yuan in 2024 [11][13]. Product Line and Technology - The main products include electronic measurement instruments and semiconductor testing equipment, with electronic measurement instruments contributing over 57% of revenue in early 2025 [15]. - The company has developed advanced testing instruments, including the world's second supplier of 1.6T optical module core testing instruments and the only domestic supplier of various precision testing instruments [10][18]. R&D and Innovation - As of March 31, 2025, Lianxun Instrument has 348 R&D personnel, accounting for 40.32% of its total workforce, and has obtained 99 authorized invention patents applicable to its main business [22]. - The company focuses on high-speed signal processing, weak signal processing, and ultra-precision motion control as its core technological capabilities [21]. Customer Base - Major clients include BYD Semiconductor, Yandong Microelectronics, and Silan Microelectronics, with sales to the top five customers accounting for 62.64% of total sales in early 2025 [25]. - The company has established a strong presence in the optical communication and power device sectors, serving various leading domestic and international clients [24]. Ownership Structure - The founder and chairman, Hu Haiyang, directly holds 20.55% of the shares, with the actual controllers collectively holding 54.79% of the company [30][32]. Conclusion - Lianxun Instrument has established itself as a leading player in the domestic electronic measurement and semiconductor testing equipment industries, but it still faces challenges in scaling and technological advancement compared to international competitors [36].

联讯仪器成立于2017年，注册资本7700万元，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。 联讯仪器是全球第二家推出目前业内最高水平1.6T光模块全部核心测试仪器的厂商。根据 Frost&Sullivan数 据，2024年公司在中国光电子器件测试设备市场份额中排名第一。 瑞财经 严明会 8月15日，苏州联讯仪器股份有限公司（以下简称：联讯仪器）科创板IPO获受理，保荐机构 中信证券，保荐代表人赵耀、孟硕，会计师事务所为容诚会计师事务所。 | 姓名 | 职务 | 持股数(万股) | 持股比例(%) | | --- | --- | --- | --- | | 胡海洋 | 董事长 | 1,582.0140 | 20.55 | | 黄建军 | 董事、总经理 | 553.4200 | 7.19 | | 杨建 | 董事、副总经理 | 448.9030 | 5.83 | | 廉哲 | 董事、副总经理 | 242.7110 | 3.15 | 2017年3月，公司前身联讯有限设立时，胡海洋尚未离开上海前往苏州定居，出于工商登记便利性的考虑， 胡海洋委托其熟悉苏州本地工商登记流程的朋友潘易鹏代其持有联讯有 ...

Group 1 - The Shanghai and Shenzhen Stock Exchanges received one new IPO application last week, marking the second IPO application accepted in the second half of this year [1] - Suzhou Lianxun Instrument Co., Ltd. is the newly accepted company, applying for listing on the Sci-Tech Innovation Board with a proposed financing of 1.954 billion yuan [1] - The company specializes in the research, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment, with projected revenues of 214 million yuan, 276 million yuan, 789 million yuan, and 201 million yuan for the years 2022 to 2025 Q1 [1] Group 2 - The company has indicated risks of declining operating performance due to industry cycles, market fluctuations, and increased costs, which could lead to a potential drop in operating profit exceeding 50% or even losses in extreme cases [2] - Accounts receivable balances at the end of each reporting period were 896.297 million yuan, 1.36 billion yuan, 2.55 billion yuan, and 3.05 billion yuan, representing 41.81%, 49.16%, 32.28%, and 37.95% of the respective revenues [2] Group 3 - Three companies passed the IPO review during the week, including Xi'an Yiswei Material Technology Co., Ltd., which is the first unprofitable company accepted for listing after the release of new policies [3] - Two companies received IPO approval, including Marco Polo Holdings Co., Ltd., which took over two years from application acceptance to receiving the registration approval [3] - One company, Wuxi Sunshine Precision Machinery Co., Ltd., terminated its IPO review, citing high customer concentration and reliance on a single major customer as risks [4]

重点要闻 生益科技上半年净利润同比增长52.98% 2025年上半年生产各类覆铜板7,414.01万平方米，比上年同期增长7.86%；生产粘结片10,713.33万米，比上年同期增长18.54%。销售各类覆铜板7,627.53万平 方米，比上年同期增长8.82%；销售粘结片10,295.09万米，比上年同期增长13.61%；生产印制电路板76.94万平方米，比上年同期增长11.79%；销售印制电路 板78.96万平方米，比上年同期增长10.51%。实现营业收入126.8亿元，比上年同期增长31.68%。 东方财富上半年净利润同比增长37% | | 本报告期 | 上年同期 | 本报告期 | | --- | --- | --- | --- | | 营业总收入(元) | 6,856,367,524.90 | 4.944.982.097.77 | | | 归属于上市公司股东的净利润(元) | 5,567,372,075.26 | 4,055,792,191.42 | | | 归属于上市公司股东的扣除非经常性 损益的净利润(元) | 5,251,744,713.43 | 3,879,142,572.48 | | | 经 ...

北京商报讯（记者 马换换 实习记者 李佳雪）上交所官网显示，8月15日，苏州联讯仪器股份有限公司 （以下简称"联讯仪器"）科创板IPO获得受理。 财务数据显示，2022—2024年及2025年1—3月，联讯仪器实现营业收入分别约为2.14亿元、2.76亿元、 7.89亿元、2.01亿元；对应实现归属净利润分别约为-3807万元、-5539.38万元、1.4亿元、1932.87万元。 本次冲击上市，联讯仪器拟募集资金约19.54亿元，扣除发行费用后，将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）和补充流动资金。 据了解，联讯仪器是一家高端测试仪器设备企业，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。 ...

Cohu (COHU) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +200.00%. A quarter ago, it was expected that this maker of semiconductor test equipment would post a loss of $0.16 per share when it actually produced a loss of $0.02, delivering a surprise of +87.5%.Over the last fo ...