Chang Guang Chenxin's application for listing on the Shanghai Stock Exchange's Science and Technology Innovation Board has been terminated. The company has been in continuous losses for two years.

On January 7th, Changchun Changguang Mars Micro-electronics Co., Ltd. (referred to as Changguang Mars) terminated its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board. This was due to Changguang Mars and its sponsor withdrawing their application for IPO. According to the relevant provisions of the "Shanghai Stock Exchange Stock Issuance and Listing Review Rules" Article 63, the Shanghai Stock Exchange terminated the review of its IPO. According to the prospectus, Changguang Mars' main business is the research, design, testing, sales, and customization services of high-performance CMOS image sensors. The company's series of CMOS image sensor products have characteristics such as large format, high resolution, high sensitivity, high dynamic range, low noise, high frame rate/line rate, high quantum efficiency, high speed, or ultra-high speed. Among them, CMOS image sensors can be divided into two types of products based on their pixel arrangement: area array and line array. Area array CMOS image sensors can be further divided into three types based on their optical size: optical size > APS-C, optical size between 1" and APS-C, and optical size 1". During the reporting period, to meet the specific requirements of some industry-leading customers, the company also provides customized services related to CMOS image sensors. According to Yole's statistics, the company ranks fourth globally in the Industrial (including machine vision) application field and first among domestic enterprises. According to Yole's statistics, the company ranks sixth globally in the Defense & Aerospace (including scientific instruments) application field and first among domestic enterprises. After years of independent research and industrial accumulation, Changguang Mars has accumulated a group of high-quality customers, including overseas well-known manufacturers such as Customer D, Teledyne, Vieworks, and Adimec, as well as leading domestic manufacturers such as Hikvision Siasun Robot & Automation, Huarui Technology, Xintu Optoelectronics, and Hefei I-TEK OptoElectronics, and research institutes such as Changchun Institute of Optics, Fine Mechanics and Physics (CIOMP) of Chinese Academy of Sciences, Shanghai Institute of Technical Physics of Chinese Academy of Sciences, Xi'an Institute of Optics and Precision Mechanics of Chinese Academy of Sciences, National Astronomical Observatory of Chinese Academy of Sciences. The funds raised this time, after deducting issuance expenses, will be entirely invested in the following projects: Regarding financials, in 2020, 2021, and 2022, Changguang Mars' operating income was approximately RMB 198 million, RMB 411 million, and RMB 604 million, respectively. During the same period, the company's net profit was approximately RMB 57.87 million, -RMB 36.04 million, and -RMB 84.09 million, respectively.