Yulong Technology's Shenzhen Stock Exchange GEM IPO has accepted a proposed capital raise of 1 billion yuan

The Zhitong Finance App learned that on December 5, Chongqing Yulong Optoelectronics Technology Co., Ltd. (abbreviation: Yulong Technology) Shenzhen Stock Exchange GEM IPO was accepted, and CITIC Securities is its sponsor and plans to raise 1 billion yuan.

According to the prospectus, Yulong Technology was founded in March 2014. The company focuses on R&D, production and sales of products related to intelligent control cards and precision functional devices in the field of new semiconductor display panels, and is committed to becoming the most valuable enterprise in the field of intelligent control in China.

During the reporting period, the company's main products were intelligent control cards for new semiconductor display panels such as LCD and OLED, and their PCBA manufacturing services, and supported precision functional display device products for core applications around the semiconductor display panel industry. Terminal applications were mainly in consumer electronics fields such as tablets, laptops, displays, medium and large TVs, mobile phones, and smart wearables.

The company's main products are widely used in leading domestic semiconductor display panel manufacturers, and are eventually widely used in consumer electronics products of world-renowned terminal brands. Up to now, the company's main products have achieved a certain market position with intelligent control cards for display. According to Frost & Sullivan data, in 2024, the company's market share in the main application areas of intelligent display cards (including laptops, tablets, monitors, TVs and vehicle screens) in China was about 14%, ranking first in the market, and is already in a leading position in the industry.

Up to now, through long-term accumulation in the semiconductor display field, the company has accumulated deep technical strength, rich industry experience and continuous innovation ability. Based on this, the company is expanding its business into emerging industries such as automotive electronics, optical communication modules, collaborative robots, and low-altitude economy. It is committed to building a diversified industrial ecosystem, providing customers with comprehensive and cross-field solutions, and promoting the company's continuous high-quality development.

According to the prospectus, the capital raised will be invested in the Hefei Yulong Production Base Project, the Chongqing Yulong Phase II Project, and supplementary working capital.

On the financial side, in 2022, 2023, 2024, and January-June 2025, the company recorded operating income of 749 million yuan, 698 million yuan, 1,095 million yuan, 597 million yuan, and net profit of 668.386 million yuan, 757.208 million yuan, 121 million yuan, and 703.28 million yuan, respectively.