The Securities Regulatory Commission agreed to register Yulong Technology's GEM IPO

The Zhitong Finance App learned that on August 28, the Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Chongqing Yulong Optoelectronics Technology Co., Ltd.” According to reports, Yulong Technology plans to be listed on the Shenzhen Stock Exchange GEM. CITIC Securities is its sponsor and plans to raise 1 billion yuan.

According to the prospectus, Yulong Technology 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. The company's main products are widely used in leading domestic semiconductor display panel manufacturers. 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.