Verley intelligent science and technology innovation board IPO has been inquired, ranking first among local third-party testing equipment manufacturers.

On January 14th, Hangzhou Voray Intelligent Technology Co., Ltd. (referred to as Voray Intelligent) applied for a change in the status of its listing review on the Shanghai Stock Exchange's Sci-Tech Innovation Board to "inquiry received". China Securities Co., Ltd. is its sponsor, with plans to raise 1.004 billion yuan. The prospectus shows that Voray Intelligent is mainly engaged in the research, development, production, sales, and service of intelligent testing equipment and intelligent manufacturing production lines, providing integrated smart manufacturing solutions for emerging industries such as new energy vehicles and power semiconductors. It is a key national "little giant" enterprise in this field. The company is a leading provider of intelligent testing and manufacturing solutions covering the full cycle of research and validation of automotive electronic products, online testing, and automated manufacturing production. Voray Intelligent focuses on advanced testing technology and intelligent control technology. Through years of continuous independent research and innovation, it has overcome the technical challenges of complexity, diversity of scenarios, and multi-domain signals in automotive electronic testing systems. It has developed an automotive electronic testing technology platform with independent intellectual property rights, reaching a leading level domestically and some technologies reaching an international advanced level. This has led to the development of leading industry automotive electronic testing equipment, breaking the long-term monopoly of foreign related technologies and products and promoting the domestic substitution of intelligent manufacturing equipment in the new energy vehicle industry chain. The company has developed six core technologies, including automotive electronic multi-parameter hybrid testing technology, automotive electronic testing full-stack software platform technology, electromechanical combined measurement and control technology, high-precision assembly technology for automotive electronic intelligent measurement and control integrated power semiconductor module packaging testing technology, and digital information software technology for intelligent manufacturing. These technologies have been deeply applied in the company's main business, supporting the construction of a complete product matrix from testing equipment to intelligent manufacturing production lines. Voray Intelligent has a high reputation and good market reputation in the industry, having served hundreds of domestic and international first-tier vehicle manufacturers, well-known automotive component companies, and power semiconductor companies, including BYD Company Limited, Great Wall Motor, SAIC Motor Corporation, Chongqing Changan Automobile, GEELY AUTO, Chongqing Sokon Industry Group Stock, Bosch, Denso, ZF, Minth Group, Hangzhou Silan Microelectronics, StarPower Semiconductor, Shenzhen Inovance Technology, providing intelligent testing equipment, production lines, and overall intelligent manufacturing solutions, receiving high praise from customers. The company's products cover important application areas such as automotive electronic controllers, intelligent driving domain controllers, and line-controlled motion systems, with a high market share in segmented markets. According to Frost & Sullivan, in the first half of 2025, the company's market share in production-level intelligent driving domain controller testing equipment was 10.2%, ranking first among domestic third-party testing equipment manufacturers. As of the first half of 2025, the company is the only strategic supplier providing production-level testing equipment for BYD Company Limited's "God's Eye" intelligent driving system. According to data from the Gartner Intelligent Automotive Research Institute, the company's market share for line-controlled motion system testing equipment was the industry's highest from 2022 to 2024, reaching 42% in 2024. The company's market share for online line-controlled motion system production line equipment was 31% in 2024, surpassing well-known foreign manufacturers and ranking first in the industry. In the field of domestic equipment, Voray Intelligence accounted for 50%, supplying well-known customers such as BYD Company Limited and Great Wall Motor, and being a major contributor to the localization of equipment in this field. The total amount of funds raised in this issuance is intended for the following projects: In terms of financials, the company achieved operating revenues of approximately 262 million yuan, 377 million yuan, 734 million yuan, and 267 million yuan in the years 2022, 2023, 2024, and the first six months of 2025, respectively. During the same period, the company achieved net profits of approximately 26.80 million yuan, 34.82 million yuan, 84.92 million yuan, and 20.25 million yuan respectively.