Core Viewpoint - The Shanghai Stock Exchange has decided to terminate the review of Fujian Haichuang Optoelectronics Technology Co., Ltd.'s application for an initial public offering and listing on the Sci-Tech Innovation Board due to the company's withdrawal of its application [1][3]. Company Overview - Fujian Haichuang Optoelectronics specializes in laser optical components and modules, providing solutions for laser emission, transmission, and reception to meet various customer needs in different laser application systems [3]. - The company has established four main business segments: LiDAR, industrial lasers, optical communications, and biomedical applications, focusing on key application areas and product breakthroughs [3]. LiDAR Business - The company possesses core technologies for automotive-grade LiDAR components, having developed a 1.5µm fiber laser LiDAR light source module and a 905nm LiDAR receiving module that meet automotive standards [4]. - The 1.5µm fiber laser LiDAR light source module has overcome traditional limitations such as high power consumption and large size, achieving mass production and delivery [4]. - The company is a major supplier of 1.5µm automotive LiDAR components globally and has established partnerships with well-known manufacturers like Luminar and Innoviz [5]. Industrial Laser Business - The company has advanced laser micro-optics technologies and stable partnerships with leading laser manufacturers, achieving a high market share in niche markets [5]. Optical Communications Business - The company utilizes precision polishing and advanced optical film design to manufacture micro-communication optical components, enhancing bandwidth and transmission rates [6]. - Established collaborations with notable clients in the optical communications sector, such as Coherent and Source Photonics, further strengthen its market position [6].

Core Viewpoint - Fujian Haichuang Optoelectronics Technology Co., Ltd. (Haichuang Optoelectronics) has had its IPO review status on the Shanghai Stock Exchange's Sci-Tech Innovation Board changed to "terminated" due to the withdrawal of its listing application by the company and its sponsor [1] Company Overview - Haichuang Optoelectronics specializes in laser optical components and laser modules, providing solutions for various laser application systems [1] - The company has established four main business segments: LiDAR, industrial lasers, optical communications, and biomedical applications [1] Clientele - The company has built a strong reputation and a long-term client base across its business segments, including notable clients such as: - LiDAR: Luminar, Tudatong, Suteng Juchuang, Innoviz, Company A, Huace Navigation, Hesai Technology - Industrial Lasers: Raycus Laser, Chuangxin Laser, Jietu Technology, Trumpf, Dazhu Laser, Changguang Huaxin, nLight, Precitec, Hot Stimulus Light - Optical Communications: Coherent, Source Photonics, New Yisheng, Guangxun Technology - Biomedical and Other: Mindray Medical, FISBA, Dimi Bio, MicroPort Medical, BGI, Shanghai Ruike, Optotune, BYK, Company B, Jingce Electronics [2] Financial Performance - The company reported the following revenues and net profits for the years 2022, 2023, and 2024 (in million RMB): - Revenue: 606 million, 833 million, 661 million - Net Profit: 73.62 million, approximately 122 million, 65.34 million [2] Key Financial Metrics - Total assets (in ten thousand RMB) for the years 2022 to 2024: - 2022: 953.11 million - 2023: 1,024.14 million - 2024: 1,058.04 million - Equity attributable to shareholders (in ten thousand RMB): - 2022: 606.27 million - 2023: 733.79 million - 2024: 801.12 million - Debt-to-asset ratio (percentage): - 2022: 36.02% - 2023: 27.77% - 2024: 23.06% [3] Profitability and Efficiency - Net profit (in ten thousand RMB) for the years 2022 to 2024: - 2022: 73.62 million - 2023: 122.26 million - 2024: 65.34 million - Basic and diluted earnings per share (in RMB): - 2022: 1.13 - 2023: 1.88 - 2024: 1.00 - Return on equity (percentage): - 2022: 12.96% - 2023: 18.25% - 2024: 8.51% - Research and development expenditure as a percentage of revenue: - 2022: 7.69% - 2023: 7.38% - 2024: 9.36% [3]