Shiya Technology has opened subscription, the issue price is 22.68 yuan/share

On March 16, Shiya Technology opened subscription, the issue price was 22.68 yuan/share, and the subscription limit was 14,000 shares.

In this listing, Shiya Technology publicly issued 100 million new shares. Based on the issue price of 22.68 yuan/share, the net amount of funds raised is expected to be 2.115 billion yuan. Part of the funds will be used for the "Ultra-high-resolution silicon-based OLED micro display device production line expansion project", which will effectively expand the company's 12-inch silicon-based OLED display production capacity to 10.8 million screens;

In addition, part of the funds raised will be invested in the "R&D center construction project", which aims to upgrade new display technologies such as silicon-based OLED micro-display driver chips and micro-displays. This project specifically includes the "new generation silicon-based OLED driver chip technology research and development project" and the "high-brightness silicon-based micro-display device research and development project based on stacked white light OLED".

According to the prospectus, Shiya Technology is a provider of overall micro-display solutions. Its core product is silicon-based OLED micro-display, and it provides customers with value-added services including strategic product development, optical systems and XR overall solutions. The company is the first company in the world to achieve large-scale mass production of silicon-based OLED micro-displays based on 12-inch wafer backplanes. It is also one of the few scientific and technological companies in the world with the full-stack self-research capability of silicon-based OLED "display chip + micro display + optical system".

In terms of customers, Shiya Technology has entered the supply chain of global first-tier brands such as ByteDance, Shadowstone Innovation, Thunderbird, Lenovo, Varjo, Pulsar, and Glen Technology.

In terms of finance, in 2022, 2023, 2024 and January to June 2025, Shiya Technology achieved operating income of approximately 190 million yuan, 215 million yuan, 280 million yuan and 150 million yuan respectively; net profits during the same period were approximately -247 million yuan, -304 million yuan, -247 million yuan and -123 million yuan respectively.

Shiya Technology launched its IPO in October 2024. In June 2025, Shiya Technology’s IPO application for the Science and Technology Innovation Board was accepted by the Shanghai Stock Exchange. In the same year, Shiya Technology successively entered the inquiry stage and was reviewed and approved by the Shanghai Stock Exchange. In January 2026, the company's IPO registration was approved by the China Securities Regulatory Commission and is now officially listed on the Science and Technology Innovation Board, becoming the "first silicon-based OLED stock" in the A-share market.