The maximum profit per sign was 556,600! Frequency Laser (688826.SH) surged more than 595% on the first day of listing, setting a new A-share record

The Zhitong Finance App learned that on August 18, Pinzhun Laser (688826.SH) was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. The issue price of the stock was 186.88 yuan/share, and the payment amount for 500 shares was 93,400 yuan, setting a new high subscription threshold for A-share IPOs since 2026. On the first day of listing, it opened 488% higher at 1,100 yuan/share, and continued to rise in the intraday period. As of press release, it reached a maximum of 1,300 yuan/share. Based on this price, the single-sign profit reached 556,600 yuan, setting the first-day earnings record for new shares since the full registration system for A-shares.

Judging from the business layout, Pinzhun Laser is not an ordinary laser equipment manufacturer. According to the prospectus, frequency precision lasers are mainly aimed at quantum technology fields such as quantum computing and quantum precision measurement, semiconductor fields such as wafer manufacturing, wafer quantity detection, and wafer invisibility, and cutting-edge scientific research fields such as laser interference exposure and laser remote sensing. They have developed a new precise laser technology route and launched laser products with precise control of wavelength, line width, noise, power, pulse, etc., to help the localization process of China's quantum technology and semiconductor industry chain.

This technical route has also earned it a share in the market segment. According to QYResearch's research data and estimates, in 2024, frequency precision lasers will account for 9.21% of the global quantum technology laser market, and 16.85% of the domestic quantum technology laser market. In 2024, the company's revenue in the semiconductor sector was 75 million yuan, accounting for 1.98% of the domestic market.

The increase in market position is also reflected in performance. From 2023 to 2025, the company achieved operating income of about 148 million yuan, 292 million yuan, and 418 million yuan; in the same period, net profit was about 604.636 million yuan, 116 million yuan, and 159 million yuan respectively, maintaining relatively rapid growth.