CSRC approved Lan Yu Co., Ltd.'s application for listing on the Growth Enterprise Market (GEM).

On August 16, the China Securities Regulatory Commission issued a reply approving the initial public offering of Zhejiang Lan Yu Digital Technology Co., Ltd. It is reported that Lan Yu intends to list on the ChiNext board of the Shenzhen Stock Exchange, with Guosen as the IPO sponsor, aiming to raise 502.13 million yuan. The prospectus shows that Lan Yu is primarily engaged in the research, development, production, and sales of digital printing ink that aligns with the national energy conservation and environmental protection strategy. The company is recognized as a "Little Giant" enterprise specialized in new and high-tech industries. It operates in the new materials industry, with its digital printing ink being a key consumable in digital printing technology, used in digital printing equipment mainly in the textile industry. Through continuous technological research and innovation, the company has reduced customer reliance on imported inks and procurement costs, promoting the transformation towards energy-saving, environmentally friendly, and clean production in the textile printing and dyeing industry. After years of development, Lan Yu has become one of the industry's enterprises with strong competitive advantages. Its ink products can now adapt to Epson printheads, as well as printheads of Kyocera, Seiko, Ricoh, Starlight, Panasonic, Konica, Spectra, and other industrial printers. In 2020, Lan Yu was recognized as the "Annual Excellent Project Partner" by Epson (China) Co., Ltd., and in 2022 and 2023, it was named the "Annual Outstanding Strategic Partner" by Epson (China) Co., Ltd. In terms of finance, Lan Yu achieved operating income of approximately 272 million yuan, 313 million yuan, and 384 million yuan in 2021, 2022, and 2023 respectively. During the same periods, the net profits were 60.461 million yuan, 72.1002 million yuan, and 92.6884 million yuan respectively.