Youxun Technology's Science and Technology Innovation Board IPO was approved at the Listing Committee meeting, and the net profit margin decreased gradually during the reporting period.

On October 15th, Xiamen Youxun Chip Co., Ltd. (referred to as Youxun Chip) passed the meeting of the Shanghai Stock Exchange's Science and Technology Innovation Board Listing Committee. CITIC SEC is its sponsoring institution, and it plans to raise 889 million yuan. The prospectus shows that Youxun Chip focuses on the research, design, and sales of front-end optoelectronic chips for optical communication. The company's products are widely used in optical modules (including optoelectronic components, optical modules, and optical terminals), with applications in access networks, 4G/5G/5G-A wireless networks, data centers, metropolitan area networks, and backbone networks. The company's main business revenue mainly comes from the sales of optoelectronic integration chips, transimpedance amplifier chips, limiting amplifier chips, and laser driver chips. At present, the company has achieved bulk shipments of optoelectronic chips with speeds ranging from 155Mbps to 100Gbps, and is actively researching and developing a series of new products such as 50G PON transceiver chips, 400Gbps and 800Gbps data center transceiver chips, 4-channel 128Gbaud coherent transceiver chips, FMCW LiDAR front-end optoelectronic chips, and vehicle-mounted optoelectronic chips. According to ICC data, in the field of products with speeds of 10Gbps and below, the company's market share ranks first in China and second in the world in 2024. The funds raised from this public offering of shares (after deducting issuance expenses) will be used for the company's main business-related projects, and the specific investment projects are as follows: In terms of finances, in the years 2022, 2023, 2024, and January to June 2025, the company's operating income is approximately 339 million yuan, 313 million yuan, 411 million yuan, and 238 million yuan respectively; during the same period, the net profits were 81.39 million yuan, 72.08 million yuan, 77.86 million yuan, and 46.95 million yuan respectively.