IPO has been accepted, making it the world's second manufacturer to launch the highest level 1.6T optical module core testing equipment in the industry.

On August 15th, Suzhou Unis Instrument Co., Ltd. (referred to as Unis Instrument) submitted its application for an IPO on the SSE STAR Market. CITIC SEC is its sponsor institution, and the company plans to raise 1.954 billion yuan. According to the prospectus, Unis Instrument is a leading domestic high-end testing equipment company, specializing in the research and development, manufacturing, sales, and services of electronic measuring instruments and semiconductor testing equipment. The company provides high-speed, high-precision, and efficient core testing instruments for global users in the fields of high-speed communication and semiconductors, helping to improve product development and production efficiency in cutting-edge industries such as artificial intelligence, new energy, and semiconductors, and is an important force in realizing the localization and controllability of core basic instruments and equipment in key strategic areas of the country. The company's electronic measuring instruments include communication testing instruments and electrical performance testing instruments. Communication testing instruments are mainly for optical communication testing, including core testing instruments such as sampling oscilloscopes, clock recovery units, and error analyzers; electrical performance testing instruments mainly include precision source meters and low leakage current switch matrices, widely used in high-precision electrical testing in communication and semiconductor fields. The company's semiconductor testing equipment includes optical electronic device testing equipment mainly for optical communication testing (CoC optical chip aging testing system, optical chip KGD sorting testing system, silicon wafer testing system, etc.), power device testing equipment mainly for power device testing (wafer-level aging system, power chip KGD sorting testing system, etc.), and electrical performance testing equipment mainly for semiconductor integrated circuit testing (WAT tester and wafer-level reliability testing system). In the field of communication testing instruments, the company's products are mainly for optical communication testing, providing complete testing solutions for optical modules and other infrastructures. The company is one of the few in the world and has a very low number in China to produce and supply core testing instruments for high-speed optical modules of 400G and 800G, as well as the second in the world to introduce core testing instruments for 1.6T optical modules. According to Frost & Sullivan data, overseas companies represented by Keysight and Anritsu hold about 84% of the market share in China's optical communication testing instrument market in 2024, with high industry concentration, and domestic companies account for about 16% of the market share. As a leading domestic company, the company contributes 9.9% of the market share in the Chinese optical communication testing instrument market, ranking third in the market and the only domestic company among the top five. In the field of electrical performance testing instruments, the company's main products are precision source meters and low leakage current switch matrices. The company is one of the few domestic manufacturers that can provide multiple product matrices such as PXIe plug-in source meters, low leakage current switch matrices, high voltage source meters, pulsers, etc. According to Frost & Sullivan data, in 2024, most of the market share in China's precision source meter market is occupied by overseas companies such as Tektronix, NI, and Keysight, with the three companies accounting for over 80% of the market share; the company ranks first among domestic companies in the domestic market. In the field of optoelectronic device testing equipment, the company's products cover the testing needs of core upstream links in the optical communication industry chain, including packaging-level optical chips, bare-die-level optical chips, wafer-level silicon optical chips, etc. According to Frost & Sullivan data, the company has the largest market share in the Chinese optoelectronic device testing equipment market in 2024. In the field of power device testing equipment, the company is one of the very few in China that has simultaneously implemented the industrial application of wafer-level aging systems and power chip KGD sorting testing systems. According to Frost & Sullivan data, the company contributes 43.6% of the market share in the Chinese silicon carbide power device wafer-level aging system market in 2024, ranking first in the domestic market; in the market for silicon carbide power chip KGD sorting testing systems in 2023-2024, SPEA, Pentamaster, and other overseas companies occupy the majority of the market share, with the company contributing 12.1% of the market share, ranking third in the domestic market and first among domestic companies. In the field of electrical performance testing equipment, the company's main products include WAT testers and wafer-level reliability testing systems, making it one of the few domestic manufacturers with independent capabilities in core testing components such as precision source meters. According to Frost & Sullivan data, in 2024, most of the market share in the market for WAT testers and wafer-level reliability testing systems in China is held by overseas companies such as Keysight and QualiTau; as the company continues to expand its market for electrical performance testing equipment products, its market share is expected to continue to rise. The funds raised in this offering will be invested in projects related to the company's main business and technology innovation. After deducting the issuance expenses, the proceeds from this offering will be invested in the following projects: Financially, in the fiscal years 2022, 2023, 2024, and January-March 2025, the company's operating income is expected to be approximately 214 million yuan, 276 million yuan, 789 million yuan, and 201 million yuan, respectively; during the same period, the net profit is expected to be approximately -37.88 million yuan, -56.70 million yuan, 141 million yuan, and 19.278 million yuan, respectively.