CSRC approves Hongjing Optoelectronics' registration for the ChiNext IPO.

On December 5th, the China Securities Regulatory Commission issued the approval for the initial public offering of shares of Guangdong Hongjing Optoelectronics Technology Co., Ltd. (Hongjing Optoelectronics). It is reported that Hongjing Optoelectronics plans to list on the ChiNext board of the Shenzhen Stock Exchange, with Shenwan Hongyuan Group Securities as the IPO sponsoring institution, aiming to raise 487.65 million yuan. According to the prospectus, since its establishment, Hongjing Optoelectronics has been focusing on the research, design, manufacturing, and sales of optical lenses and camera modules. The company has a prominent market position in various segments. According to the TSR research report, the company's market share in the global automotive optical lens market in 2022 is 3.70%, ranking sixth globally. In the smart home field, based on calculations from Ai Rui consulting data, the company is estimated to have a market share of 9.95% in the global household camera (including visual doorbells) optical lens field in 2023. In the panoramic/action camera field, based on Frost & Sullivan data, the company is estimated to have a market share of over 25% in the global panoramic camera lens module market in 2023. Hongjing Optoelectronics has established long-term stable cooperation relationships with EMS/ODM manufacturers such as AZTECH, Foxconn Industrial Internet, Huaqin Technology, Sharetronic Data Technology, and Tier 1 manufacturers such as IMI, Hangzhou Hikvision Digital Technology, Huizhou Desay SV Automotive, Longhorn Auto, Shanghai Baolong Automotive Corporation. Its products in the emerging consumer electronics field have entered well-known brands such as Insta 360, Ring, Blink, Anker, and Xiaomi; its products in the smart automotive field have received Tier 1 designation and mass production from car manufacturers such as Daimler-Benz, Nissan, BYD Company Limited, Geely, Great Wall, Chery, EAON, NIO, Xiaopeng, Lotus.