CSRC agrees to approve Pin Quan Laser's IPO registration on the Sci-Tech Innovation Board.

On June 18th, the China Securities Regulatory Commission (CSRC) issued the approval for the initial public offering of shares by Shanghai Phenique Laser Technology Co., Ltd. It is reported that Phenique Laser plans to list on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with China Securities Co., Ltd. as its sponsor, aiming to raise 1.41 billion yuan. According to the prospectus, Phenique Laser mainly focuses on quantum computing, quantum precision measurement, semiconductor domain, laser interference exposure, and other cutting-edge research fields. The company has developed a new precision laser technology route, launching laser products with precise control of parameters such as wavelength, linewidth, noise, power, and pulse, to support China's localization of the quantum technology and semiconductor industry chain. Financially, in 2023, 2024, and 2025, the company expects to achieve operating income of approximately 148 million yuan, 292 million yuan, and 418 million yuan respectively. During the same period, the net profits are expected to be around 60.46 million yuan, 116 million yuan, and 159 million yuan respectively.