The official website of the Shanghai Stock Exchange announced on December 10 that the application for a STAR Market IPO by CIQTEK has been accepted. Huatai United Securities is the sponsor for the listing.
According to the IPO prospectus (application draft) filed by CIQTEK, the company plans to raise approximately 1.169 billion yuan to fund projects including the industrialization of high-end scientific instruments, the construction of a quantum technology development research institute, and the establishment of an application center network.
CIQTEK reported revenues of 151 million yuan, 400 million yuan, and 501 million yuan in 2022, 2023, and 2024, respectively, with revenue reaching 171 million yuan in the first half of 2025. Net profit attributable to the parent company's shareholders after deducting non-recurring gains or losses was -168 million yuan, -169 million yuan, -104 million yuan, and -73.94 million yuan for the corresponding periods.
The company has established business segments integrating quantum information technology with spin resonance, electron microscopy, logging while drilling (LWD), and gas adsorption analysis, among others.