Core Viewpoint - The China Securities Regulatory Commission (CSRC) has disclosed the completion report of Xiamen Youxun Chip Co., Ltd.'s (referred to as Youxun) initial public offering (IPO) guidance, indicating that the company is well-prepared for listing [1] Group 1: Company Overview - Youxun was established in February 2003 and provides high-speed transceiver chip solutions for various fields including 5G front/mid-haul, cloud computing, optical access networks, and data centers [1] - The company is recognized as a "little giant" enterprise by the Ministry of Industry and Information Technology and has been awarded the title of national-level manufacturing "single champion" [1] - Youxun is one of the first companies in China to specialize in the design of high-speed transceiver chips for optical communication and the first in the industry to develop high-speed optical communication transceiver chips using CMOS technology [1] Group 2: Financing and Shareholding - Youxun has undergone four rounds of financing, with the first round (A round) occurring in 2010, involving Xiamen High-tech Investment and Yingfu Taike [2] - The most recent financing (C round) was completed in February 2024, with participation from Kaiping Management, Fujian Electronic Information Industry Fund, and Jinyuan Group [2] - Strategic investment from China Mobile's subsidiary, China Mobile Capital, occurred in May 2024 [2] - Institutional shareholders include Shenzhen Capital under the Shenzhen State-owned Assets Supervision and Administration Commission, Shengbang Co., Ltd., Hengtaihua, and others, holding stakes of 10%, 8.09%, 6.63%, 4.96%, 3.64%, 1.77%, and 1.77% respectively [2]