Siyi Technology's GEM IPO has been accepted as an electronic measuring instrument R&D and manufacturing enterprise

The Zhitong Finance App learned that on December 24, CLP Cosmic Technology Co., Ltd. (abbreviation: Siyi Technology) Shenzhen Stock Exchange GEM IPO was accepted. Cathay Pacific Haitong Securities is its sponsor and plans to raise 1.5 billion yuan.

According to the prospectus, Siyi Technology is a high-tech enterprise specializing in R&D, manufacturing and sales of electronic measuring instruments. It is an enterprise with the most complete product categories and the widest spectrum coverage in the domestic electronic measuring instrument industry. Its main products include complete machines, test systems, and complete components.

Relying on its deep technical heritage accumulated over decades, Siyi Technology has cultivated the largest team of scientific research talents in China. It has top domestic R&D conditions and industrialization capabilities. It is the electronic measuring instrument R&D and manufacturing enterprise with the strongest comprehensive strength and the largest revenue scale in China.

At the same time, Siyi Technology is currently the only electronic measuring instrument company in China that can comprehensively target leading international companies in the fields of microwave/millimeter wave, optoelectronics, communication and basic measuring instruments. The overall technical level is leading domestically. In particular, in the field of microwave/millimeter wave measuring instruments, it has reached the international advanced level, and has reached the leading international level in some segments.

The company continues to promote technology iteration and performance improvement, achieving breakthroughs in many core technology indicators, and the overall performance of the product continues to approach the leading international level. For example, in terms of low-noise broadband microwave frequency synthesis technology, phase noise was optimized to <-132 dBc/Hz; the maximum frequency of broadband microwave millimeter wave signal reception technology was raised to 120 GHz; the real-time analysis bandwidth of broadband signal acquisition and analysis technology was extended to 2 GHz; and the spectral resolution of high-precision opto-mechanical unit assembly technology was raised to 0.01nm. These technological breakthroughs have significantly strengthened the company's position in the field of high-end measuring instruments.

In terms of intellectual property layout, the company attaches great importance to the protection and systematic accumulation of R&D results, and actively promotes the entitlement of technological achievements. As of June 30, 2025, the issuer and subsidiaries have obtained 552 authorized patents, including 514 invention patents, highlighting solid R&D accumulation and continuous innovation capabilities. At the same time, the company has obtained 248 software copyrights, providing important support for product intelligence and systematization capabilities.

After review and approval at the 9th meeting of the 2nd board of directors of the company and the 2nd Extraordinary Shareholders' Meeting in 2025, the company plans to invest in the following projects in an orderly manner after deducting issuance fees from the funds raised in this issuance:

On the financial side, in 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately RMB 1,949 million, RMB 2.153 billion, RMB 2,052 million, and RMB 993 million respectively; during the same period, net profit was approximately RMB 228 million, RMB 190 million, RMB 275 million and RMB 160 million, respectively.