Crystal Optoelectronics' application for a listing on the Shenzhen Stock Exchange main board has been "terminated", with products being sold in Europe, America, Japan, Southeast Asia, and other regions.

date
26/02/2024
avatar
GMT Eight
On February 26, Hunan Jinxun North Electro-Optic Co., Ltd. (referred to as "Jinxun Optoelectronics") had its IPO review status on the Shenzhen Stock Exchange changed to "terminated (withdrawn)", due to the company's application to withdraw the application for listing. According to the prospectus, Jinxun Optoelectronics specializes in the research, design, production, and sales of liquid crystal display products, providing customers with high-quality, diversified liquid crystal display products and service solutions. Its main products include monochrome LCD screens, monochrome LCD display modules, color LCD display modules, and actively extending into new display areas such as capacitive touch screens, touch display modules, and integrated display control intelligent screens to meet the increasing user demands for human-machine interaction, flexible display, and intelligent control. Jinxun Optoelectronics has independently developed various types of liquid crystal display technologies and product solutions, covering TN, HTN, STN, VA types, with more than 20,000 product specifications and models. The company's products are widely used in industrial control, Internet of Things, daily office supplies, healthcare, smart home, communication equipment, intelligent financial data terminals, in-car electronics, and other application fields, with sales in domestic markets as well as in Europe, America, Japan, Southeast Asia, and other countries and regions. Furthermore, Jinxun Optoelectronics has established good long-term cooperative relationships with well-known domestic and international brands such as Midea, Gree, Willfar Information Technology, Kinpo, Jepu, Omron, Aiande, Casio, Honeywell, Mitsubishi, Panasonic, Guangdong Transtek Medical Electronics. Financially, Jinxun Optoelectronics had operating revenues of approximately 563 million yuan, 747 million yuan, 801 million yuan, and 378 million yuan in 2020, 2021, 2022, and January-June 2023 respectively, with net profits of approximately 56.80 million yuan, 84.97 million yuan, 110 million yuan, and 47.18 million yuan during the same period.

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