New guidance news from Xuyu Optoelectronics and Xinsheng Semiconductor IPO

Recently, IPO guidance news from Xuyu Optoelectronics and Xinsheng Semiconductor have been reported.

On April 10, Xuyu Optoelectronics (Shenzhen) Co., Ltd. (hereinafter referred to as: Xuyu Optoelectronics), a company listed on the New Third Board, announced that on September 6, 2023, the company signed a "Counseling Agreement on the Public Issuance of Stocks by Xuyu Optoelectronics (Shenzhen) Co., Ltd. to Unspecified Qualified Investors and Listing on the Beijing Stock Exchange" with Great Wall Securities Co., Ltd.

At present, the counseling work is being carried out in an orderly manner. On April 9, 2024, Great Wall Securities submitted the "Great Wall Securities Co., Ltd.'s Progress Report on the Counseling Work of Xuyu Optoelectronics (Shenzhen) Co., Ltd. on the public issuance of stocks to unspecified qualified investors and listing on the Beijing Stock Exchange (Second Issue)" to the Shenzhen Securities Regulatory Bureau.

It is reported that Xuyu Optoelectronics is mainly engaged in the research and development, production and sales of semiconductor light-emitting functional devices and integrated circuits, and is committed to the design and implementation of innovative application-oriented high-performance spectra. The business runs through multiple industrial chain links such as device and application spectrum design, phosphor material formula design, and application product R&D and production.

In 2023, it achieved operating income of 278.48 million yuan, an increase of 25.67% over the previous year; and net profit of 41.0097 million yuan, an increase of 851.44% over the previous year. Among them, the operating income of the semiconductor light-emitting functional device business was RMB 224.26 million, accounting for 80.53% of the operating income.

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CITIC Securities Co., Ltd., the coaching agency of Changzhou Xinsheng Semiconductor Technology Co., Ltd. (hereinafter referred to as: Xinsheng Semiconductor), reported on April 10 the "Progress Report of CITIC Securities Co., Ltd. on the Initial Public Issuance and Listing of Changzhou Xinsheng Semiconductor Technology Co., Ltd. (Issue 12)."

It is reported that Xinsheng Semiconductor will conduct guidance and filing with the Jiangsu Securities Regulatory Bureau on June 15, 2021. According to the official website, Xinsheng Semiconductor was established in September 2016. The company focuses on the field of display driver chips and specializes in the design, R&D, and manufacturing of chip-on-chip display driver ICs (COF Display Driver ICs) and their packaging substrates (COF carrier tapes) with the full additive method as the core technology.

In terms of products, Xinsheng Semiconductor continues to carry out technology research and development and innovation for the downstream display panel industry, and has formed an integrated industrial chain layout covering display driver chip design, COF carrier tape manufacturing, packaging and testing.

On August 20, 2023, Mianyang Xinsheng Semiconductor Technology Co., Ltd. (a wholly-owned subsidiary of Xinsheng Semiconductor) officially started the "COF-IC ultra-micro flexible display driver chip industrialization" project. After the project is completed, it will be able to produce 360 million COF-IC ultra-micro flexible display driver chips annually.

In addition to Xuyu Optoelectronics and Xinsheng Semiconductor, LED-related companies currently receiving IPO guidance include Huike Co., Ltd., Xinya Sheng, Tongbao Optoelectronics, Yufu Lighting, Hualai Technology, Zhuoyingshe, Hongyibai, etc.