A-share subscription | Lianyun Technology (688449.SH) opens for subscription and has successively launched nearly ten solid state drive controller chip products.

On November 18th, Lianyun Technology (688449.SH) started its subscription, with an issue price of 11.25 yuan per share and a subscription limit of 14,000 shares. The company's PE ratio is 166.67 times and it is listed on the Shanghai Stock Exchange, with China Securities Co., Ltd. as the sponsor (lead underwriter). The prospectus shows that Lianyun Technology is a chip design enterprise that provides data storage main control chips, AIoT signal processing and transmission chips. The company has built a full-process chip research and development and industrialization platform, including SoC chip architecture design, algorithm design, digital IP design, analog IP design, back-end design, packaging and testing design, and system solution development. The series of data storage main control chips and AIoT signal processing and transmission chips developed by the company can be widely used in consumer electronics, industrial control, data communication, and smart IoT fields. In the field of data storage main control chips, Lianyun Technology has become one of the leading independent solid-state drive main control chip manufacturers in terms of global shipments. It is one of the few companies in the world that has core technology in data storage main control chips and is also one of the few main storage main control chip providers for NANDFlash original factories. The company has launched nearly ten competitive solid-state drive main control chip products, covering a complete layout from SATA to PCIe solid-state drive main control chips, with products for consumer, industrial, and enterprise-level solid-state drive main control chips. In the field of AIoT signal processing and transmission chips, Lianyun Technology has launched three core chips that have achieved mass production and large-scale commercial use, gaining recognition from customers and accumulating hundreds of millions in revenue, but it is still in the early stages. After nearly ten years of development, Lianyun Technology has achieved a certain market position and brand influence in the fields of data storage main control chips and AIoT signal processing and transmission chips. The self-developed series of data storage main control chips and AIoT signal processing and transmission chips can be widely used in consumer electronics, smart IoT, industrial control, data communication, and have achieved large-scale commercial use in leading customers such as E, Shenzhen Longsys Electronics, Yangtze Storage, Kingston, Yidong, Yuzhan, Baiwei, Jintai Technology, Shichuangyi, Jinshengwei, and has become a major supplier in these fields. Financially, in 2021, 2022, and 2023, Lianyun Technology's operating income is approximately RMB 579 million, RMB 573 million, and RMB 1.034 billion respectively, with net profits of RMB 45.1239 million, -RMB 79.1606 million, and RMB 52.2296 million during the same periods.