Siyi Technology's IPO on the Growth Enterprise Market has been approved by the Listing Committee. The company specializes in the research and development, manufacturing, and sales of electronic measuring instruments.

On April 28, CETC Siyi Technology Co., Ltd. (referred to as Siyi Technology) IPO was approved by the listing committee of the ChiNext Board of the Shenzhen Stock Exchange. Guotai Junan Securities is the sponsor institution, and the company plans to raise 1.5 billion yuan. The prospectus shows that Siyi Technology is a high-tech enterprise specializing in the research and development, manufacturing, and sales of electronic measuring instruments. It is the enterprise with the most comprehensive product category and widest spectrum coverage in the domestic electronic measuring instrument industry, with main products including instruments, test systems, and components. The company is currently the only domestic electronic measuring instrument enterprise that can comprehensively benchmark international leading enterprises in the fields of microwave/millimeter-wave, optoelectronics, communication, and basic measuring instruments. The overall technical level is leading in China, especially in the field of microwave/millimeter-wave measuring instruments, which has reached the international advanced level, and in some specific areas has reached the international leading level. During the reporting period, the composition of the company's main business income is as follows: The main leading enterprises in the international electronic measuring instrument industry include Keysight Technologies, Rohde & Schwarz, and Anritsu, with a comprehensive range of products and outstanding performance. In addition to these foreign leading enterprises competing in the domestic electronic measuring instrument market, Siyi Technology is the strongest in comprehensive strength, revenue scale, product category, and spectrum coverage among domestic electronic measuring instrument research and manufacturing enterprises. Other major domestic enterprises include Rigol Technologies, Siglent Technologies, and Chengdu KSW Technologies. The global market size of electronic measuring instrument products and test measurement systems in 2024 is 139.12 billion yuan, with Keysight Technologies ranking first with a revenue of 35.475 billion yuan. The market size of electronic measuring instrument products and test measurement systems in China in 2024 is 49.5 billion yuan. Among domestic enterprises, Siyi Technology ranks first with a revenue of 2.052 billion yuan. In 2024, the market size of microwave/millimeter-wave measuring instrument products in China was 7.28 billion yuan, with Siyi Technology's microwave/millimeter-wave-related instruments ranking first among domestic enterprises with a revenue of 1.017 billion yuan. Financially, in the fiscal years 2023, 2024, and 2025, Siyi Technology achieved operating revenues of approximately 2.153 billion yuan, 2.052 billion yuan, and 2.398 billion yuan, respectively; and during the same period, net profits were approximately 190 million yuan, 275 million yuan, and 438 million yuan, respectively.