Lieqi Intelligent's IPO on the Shenzhen Stock Exchange's ChiNext has been approved by the listing committee, and its market share in the optical module chip mounting equipment sector ranks first in the world.

On July 31, Suzhou Curious Intelligent Equipment Co., Ltd. (referred to as: Curious Intelligent) passed the listing committee meeting for the Shenzhen Stock Exchanges Growth Enterprise Market. The IPO sponsor is Guotai Junan Securities, aiming to raise 913.41 million yuan. According to the prospectus, Curious Intelligent is a leading high-end intelligent equipment manufacturer in China, focusing on the research and development, production, and sales of intelligent manufacturing equipment in fields such as optical communication, semiconductors, and automotive automation. After years of technological accumulation and market development, the companys products now cover key processes in optical module packaging and testing, including die bonding, coupling, and aging tests. These related devices are core equipment that guarantee the transmission efficiency and reliability of optical modules, eventually applied in the data communication and telecommunications markets. Meanwhile, leveraging its technological advantages in automation equipment accumulated in the field of optical communication, the company is actively venturing into the semiconductor and automotive automation intelligent equipment sectors, continuously strengthening its comprehensive competitive strength. According to Frost & Sullivan data, by 2025, the company is ranked first globally in the market share of optical module die bonding equipment and second in the market share of optical module coupling equipment. As a core industry in China's optoelectronic information field, optical modules are a critical pillar for achieving independent control of the industry. Since its establishment, the company has always aimed to promote the domestic substitution of high-end optical module packaging and testing equipment. Through technological catch-up and innovative breakthroughs, it provides high-performance and high-reliability packaging and testing equipment for downstream optical module and device manufacturers, thereby enhancing the core competitiveness of Chinas optical communication industry from the supply chain source. Relying on years of deep accumulation and independent innovation in fields such as motion control, machine vision, software algorithms, and mechanical design, the company has developed capabilities for the core equipment required for the full process of optical module packaging and has achieved domestic substitution in areas like die bonding equipment, coupling equipment, and aging test equipment. The co-sintered die bonding equipment has achieved a precision level of 1m, with product precision at 3m, aligning its technological level with international leaders. The performance of the coupling equipment and solid crystal die bonding equipment is at a leading domestic level, helping customers improve processes and efficiency and achieve the goal of intelligent production. The company adheres to the principle of "empowering customer value through technology" by deeply uncovering industry pain points and potential customer needs. It has established a rapid response mechanism for product iteration, continuously optimizing core performance indicators such as equipment accuracy, stability, and production efficiency, forming a closed-loop innovation system of "demand insight - technology research and development - product implementation - service feedback." The company has become one of the main suppliers of intelligent manufacturing equipment for optical modules in China, with its products highly recognized in mainstream markets. Its equipment has been widely applied by leading customers and well-known enterprises in the optical communication industry, such as Zhongji Innolight (300308), Souls, Accelink Technologies (002281), and Yuanjie Semiconductor Technology (688498), and maintains good cooperation with nine of the top ten global optical module manufacturers (ranking of the top ten manufacturers is sourced from LightCounting). As of December 31, 2025, the company holds a total of 52 invention patents and retains numerous process and proprietary technologies in the form of trade secrets. The company insists on an independent innovation strategy, with core technologies achieving complete self-control. It has successively received honors such as Jiangsu Provincial Specialized, Refined, Unique, and Innovative Small and Medium Enterprises (2022), National Specialized, Refined, Unique Little Giant (2023), Jiangsu Gazelle Enterprises (2024), and National Specialized, Refined, Unique Key Little Giant (2025). Its self-developed automatic coupling equipment and co-sintered die bonding equipment have been recognized by the Jiangsu Provincial Department of Industry and Information Technology as the first set of major equipment. In terms of finances, for the fiscal years 2023, 2024, and 2025, the company achieved operating revenues of approximately 289 million yuan, 543 million yuan, and 698 million yuan, respectively. During the same period, the net profits were approximately 82 million yuan, 181 million yuan, and 182 million yuan, respectively.