One in a thousand start-up board IPOs has been accepted, and the global market share of stylus pen sales in 2024 is about 8.5%.

On December 22, Shenzhen Qianfenyi Intelligent Technology Co., Ltd. (referred to as Qianfenyi) has had its IPO for the ChiNext board of the Shenzhen Stock Exchange accepted. Guolian Minsheng Securities is its sponsor institution, and it plans to raise 992.6 million yuan. According to the prospectus, the company is a global leading provider of intelligent pen technology solutions, focusing on providing users with intelligent, convenient, and realistic perception and interaction experiences. The company has been deeply involved in the industry for over ten years, continuously innovating its technology to promote the widespread use of intelligent pens in business, education, design, and many other life scenarios, allowing thoughts to be directly translated to the pen tip. Based on different application scenarios, the company's intelligent pen products can be paired with smart terminal devices such as tablets, learning machines, laptops, smartphones, etc., including products from Amazon/Lenovo/Vivo/OPPO tablets, OPPO foldable smartphones, HP/ASUS laptops, Zuoyebang/Xueersi learning machines, etc., to achieve corresponding intelligent perception and interaction functions. The company has accumulated a wealth of high-quality customer resources such as Amazon, Lenovo, ASUS, HP, OPPO, Vivo, Iflytek Co., Ltd., Zuoyebang, TAL Education, Yuanfudao, READBOY, etc., with customers acknowledging the company's technical strength, product quality, and delivery capabilities. Additionally, the company has established four major intelligent pen brands - idrawgear, metapen, Penoval, and MAXEYE, with products being sold to domestic and foreign consumers through platforms like Amazon, resulting in continuous growth in sales. Since 2015, the company has focused on the research and development of capacitive pen technology, seizing the historical opportunity of the industry transitioning from the budding stage to a period of rapid growth, forming an operating model of independent brands + ODM. Leveraging strong technical capabilities, abundant high-quality customer resources, efficient supply chain integration capabilities, advanced production and manufacturing, and quality management experience, the company has closely captured the development opportunities in the global capacitive pen industry, becoming a leading provider of capacitive pen technology solutions worldwide. The company's four intelligent pen brands - idrawgear, metapen, Penoval, and MAXEYE, sold through platforms like Amazon, continue to experience growth in sales during the reporting period. According to global capacitive pen sales data compiled by QYResearch, the company's global market share is estimated to be approximately 8.5% by 2024, ranking second only to Apple and leading in the industry. After deducting issuance expenses, the funds raised in this offering will be used to expand production scale, establish headquarters and research centers, and supplement working capital. Specific investment projects include: Financially, the company is expected to achieve operating income of approximately 191 million yuan, 331 million yuan, 636 million yuan, and 486 million yuan in the years 2022, 2023, 2024, and the first half of 2025; while net profits are projected to be approximately 14.7951 million yuan, 36.4877 million yuan, 102 million yuan, and 80.3712 million yuan during the same periods.