Anlan Wanjin's application for listing on the Shanghai Stock Exchange main board has been accepted. It is one of the first domestic companies to successfully develop PCIe 5.0 high-speed copper cables.

On June 16th, Jiangsu Anlan Wanjin Electronic Co., Ltd. (referred to as Anlan Wanjin) has had its IPO on the Shanghai Stock Exchange Main Board accepted. Orient is its sponsor institution, with plans to raise 1.2 billion yuan. According to the prospectus, the company focuses on the research, production, and sales of high-speed electronic wire and special wire for data communication, mainly serving applications such as high-speed interconnection in data centers and precision connections in consumer electronics. The company's main product series include high-speed communication cables for data centers, represented by a single-channel transmission rate of 112Gbps and 224Gbps, ultra-fine special wires for consumer electronics, and electromechanical components. The company is dedicated to providing high-frequency and high-speed copper connection solutions through structural design, process optimization, process upgrades, and equipment iterations. It designs and efficiently delivers core products with faster rates, higher bandwidth, lower latency, lower loss, and stronger signal integrity to meet the increasing computational transmission demands of data center servers. Currently, the company's single-channel 112Gbps and 224Gbps high-speed copper cable products have been mass-produced, occupying a high market share. It is also actively carrying out research and development for single-channel 448Gbps and high-speed copper cable products with higher transmission rates. Some 448Gbps products have been successfully developed and sent to key customers for sampling. The company has built a product matrix of "high-speed copper cables + special wires + electromechanical components" and strategically expanded its optical connection business layout. Relying on leading industry design capabilities, independent core equipment iterations, synchronous development of test fixtures, and deep industry resource accumulation, the company continues to focus on the application fields of data transmission cables, consumer electronic cables, and provides comprehensive solutions for downstream customers. With a deep insight into industry development trends and forward-looking strategic layout, as well as years of experience and technological accumulation in ultra-fine special wires, the company started research and development on high-speed copper cables for traditional data center servers in 2019. It became one of the first domestic enterprises to successfully develop PCIe5.0 high-speed copper cables, and subsequently one of the first domestic enterprises to successfully develop and mass-produce single-channel 112Gbps and 224Gbps high-speed copper cables. The company's products have complete categories, stable performance, and reliable quality. Overseas core customers include Amphenol, Molex, and TE Connectivity, global leading copper connection solution providers, providing critical component support for global server high-speed interconnection and deeply participating in the construction of the global AI server supply chain system. Domestic major customers include Celebrated Rainbow Electronics, Sichuan Huafeng Technology, and other core enterprises in high-speed connectors and cable components, providing high-performance and high-reliable core support for the domestic AI server industry. The company's products are mainly used by global computing power service providers such as NVIDIA, Huawei, and Google, as well as global consumer brand manufacturers such as Apple, Samsung, and Belkin, in various fields such as data centers, AI computing clusters, consumer electronics, smart cars, industrial intelligence, and smart home appliances. In terms of finance, the company is expected to achieve operating income of approximately 284 million yuan, 524 million yuan, and 1.299 billion yuan respectively in the fiscal years 2023, 2024, and 2025. During the same period, net profits are expected to be approximately 17.0624 million yuan, 76.7365 million yuan, and 243 million yuan respectively.