Weirong Technology's GEM IPO passed the listing committee meeting and ranked 3rd among mainland Chinese manufacturers in terms of MLCC revenue in 2025

Zhitong Finance App learned that on October 29, Guangdong Weirong Electronic Technology Co., Ltd. (abbreviation: Weirong Technology) passed the Shenzhen Stock Exchange GEM Listing Committee meeting. The IPO sponsor is Huatai United Securities, which plans to raise 1,675 billion yuan.

According to the prospectus, Weirong Technology's main business is R&D, production and sales of miniaturized, high-capacity, and high-reliability high-end MLCCs, and is committed to providing customers with high-performance MLCC products. As a passive component in electronic circuits that realizes core functions such as filtering, decoupling, bypass, coupling, energy storage, and oscillation, MLCC is known as “rice for the electronics industry.”

The company's MLCC product models are rich and have a wide range of application scenarios, covering consumer electronics, industrial equipment with AI servers as the main body, and automotive electronics, providing important support for technological upgrading and large-scale development of downstream industries under the wave of artificial intelligence.

According to Frost & Sullivan data, the company ranked 3rd among mainland Chinese manufacturers in terms of MLCC revenue in 2025. The company's ultra-miniature MLCC products are in a leading position. It is one of the few manufacturers with large-scale mass production and mass supply capacity of 008004, 01005, 0201 and other ultra-miniature MLCCs. According to 2024 product sales volume, the company's ultra-miniature MLCC ranked 1st in the Chinese market and 2nd in the global market.

During the reporting period, the company's top five customers included United Wireless, Huaqin Technology, Hon Hai Precision, Xiaomi, etc. The main customers covered world-renowned technology brands, leading global enterprises in the ODM/OEM field, and distributors specializing in electronic components. The company's top five customers were stable during the reporting period, and there were no cases where sales to a single customer exceeded 50% of revenue or relied heavily on a small number of customers.

As an important segment of electronic components, MLCC has a broad market space. According to Frost & Sullivan data, the global MLCC market has continued to expand in recent years, and the market size has grown to 123.43 billion yuan in 2025. Looking forward to the future, the global MLCC market will maintain a good growth momentum, and the global MLCC market is expected to reach 192.61 billion yuan by 2030.

On the financial side, in 2023, 2024, 2025, and January-June 2026, the company achieved operating income of 1,041 billion yuan, 1,512 billion yuan, 1,845 billion yuan, and 1,009 billion yuan respectively; net profit was 574.14,300 yuan, 235 million yuan, 269 million yuan, and 120 million yuan respectively.