Recently, the IPO registration of Wuhan Changjin Photonics Technology Co., Ltd. on the STAR Market has officially taken effect.
As a leading domestic manufacturer of special optical fibers, Changjin Photonics boasts R&D and industrialization capabilities for high-performance and multi-category special optical fibers, effectively advancing the technological self-reliance and domestic substitution of China's special optical fiber sector.
According to its prospectus, the company plans to raise 780 million yuan through the IPO, which will be mainly used for the construction of a high-performance special optical fiber production base and R&D center, as well as supplementing working capital. Upon full operation, the projects will achieve an annual production capacity of 20,000 kilometers of special optical fibers and 18,500 kilometers of hollow-core fibers.
The prospectus also shows that from 2023 to 2025, Changjin Photonics' operating revenue rose from 145 million yuan to 247 million yuan, representing a compound annual growth rate of 30.67% in the past three years. Its net profit attributable to the parent company after non-recurring gains and losses increased from 51.8608 million yuan to 86.8096 million yuan, with the gross profit margin of its main business remaining above 65% during the period.
Notably, China Mobile Fund has previously invested in Changjin Photonics and currently holds a 5.26% stake in the company.