New stock news | Changguang Chenxin's Hong Kong IPO prospectus becomes invalid.

Changchun Changguang Chenxin Microelectronics Co., Ltd. (referred to as: Changguang Chenxin) submitted its Hong Kong IPO prospectus on June 19th, which expired after 6 months on December 19th, with CITIC SEC and GUOTAI JUNAN I as its joint sponsors at the time of submission. The prospectus shows that Changguang Chenxin is a provider of high-performance CMOS image sensors (CIS). The company has been focusing on the research and development of high-performance CMOS image sensors, offering nine product series and over 50 standard products, widely used in advanced technological fields such as industrial imaging, scientific imaging, professional imaging, and medical imaging. According to Frost & Sullivan data, the global CIS market is expected to accelerate from 2024 to 2029, with total revenue expected to increase from RMB 139.1 billion in 2024 to RMB 210.3 billion in 2029, with a compound annual growth rate of about 8.6%. In terms of revenue from industrial imaging in 2024, the company ranks third among global CIS companies and first among Chinese CIS companies, holding a 15.2% global market share.