MicroLED driver chip company Yunyinggu Hong Kong IPO has been filed

Recently, the China Securities Regulatory Commission website issued a notice on the overseas issuance and listing of Yunyinggu Technology Co., Ltd. and the full circulation filing of domestic unlisted shares.

Image source: China Securities Regulatory Commission

Yunyinggu plans to issue no more than 76,086,600 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange. The company's 56 shareholders plan to convert a total of 374,919,750 domestic unlisted shares held into overseas listed shares and list them on the Hong Kong Stock Exchange.

According to the listing rules of the Hong Kong Stock Exchange, companies need to submit a filing notice at least 4 business days before the hearing and approval date, which means that Yunying Valley has obtained the prerequisites for a Hong Kong listing hearing, or will soon conduct a listing hearing on the Hong Kong Stock Exchange. Previously, Yunyinggu had submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC and CITIC Securities as joint sponsors.

Yunyinggu is mainly engaged in the design and sales of branded AMOLED display driver chips to leading smartphone manufacturers. At the same time, the company is also a supplier in the fields of Micro OLED, Micro LED display backplane and driver.

Yunying Valley operates under the Fabless business model. Through strategic cooperation with wafer foundries, OSAT companies and display panel manufacturers, the company has mastered the full-stack display driver technology integrating software and hardware, covering the three key technical aspects of display driver chip design, driver compensation algorithm development, and pixel compensation circuit layout.

Today, Yunyinggu’s AMOLED display driver chips are mass-produced and shipped to many leading smartphone brand manufacturers around the world, and are used in more than 10 product series.

In addition, since its establishment, Yunying Valley Technology has completed more than ten rounds of financing. Yunying Valley’s investors include well-known institutions such as Sequoia, Xiaomi Yangtze, Huawei Hubble, and Qualcomm.

The funds raised from Yunyinggu's Hong Kong IPO are intended to be used to support the research and development and optimization of AMOLED TDDI chips and expand their application scenarios, support the research and development and optimization of Micro OLED and Micro LED display driver backplanes, strategic investments or acquisitions, as well as working capital and other general corporate purposes.

In terms of finance, in 2022, 2023, 2024 and the ten months ending October 31, 2025, Yunyinggu achieved total revenue of approximately 551 million yuan, 720 million yuan, 891 million yuan, and 896 million yuan respectively; gross profits during the same period were approximately 176 million yuan, 3.19 million yuan, 21.91 million yuan, and 125 million yuan respectively. (Compiled by LEDinside)

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