Youxun Chip's IPO Reviewed, Aims to Raise 8.89 Billion Yuan

Xiamen Youxun Chip Co., Ltd., a company specializing in the research, development, and sales of optical communication front-end transceiver chips, has announced that its application for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange has been changed to "under review." The company aims to raise 8.89 billion yuan through this initial public offering, with CITIC Securities serving as the underwriter.

Youxun's products are integral to optical modules, including optical transceivers, optical modules, and optical terminals. These products are applied in various scenarios such as access networks, 4G/5G/5G-A wireless networks, data centers, metropolitan area networks, and backbone networks. The company's optical communication chips are crucial components in optical communication systems, responsible for amplifying, driving, retiming, and processing complex digital signals, thereby directly impacting the performance and reliability of the entire optical communication system.

Youxun has already achieved mass production of optical communication chips with speeds ranging from 155Mbps to 100Gbps. The company is actively developing new products, including 50G PON transceiver chips, 400Gbps and 800Gbps data center transceiver chips, 4-channel 128Gbaud coherent transceiver chips, FMCW laser radar front-end chips, and automotive optical communication chips. The company's main revenue comes from the sale of optical communication transceiver chips, cross-impedance amplifier chips, limiting amplifier chips, and laser driver chips, with optical communication transceiver chips contributing over 80% of the total revenue.

Youxun's products have successfully replaced those of international leading chip companies in terms of performance and technical indicators, gaining entry into the supply chains of numerous global renowned clients. According to ICC data, in 2024, Youxun held the first position in China and the second position globally in the market share for products with speeds of 10Gbps and below.

The funds raised from this public offering will be used to support the company's main business projects. The specific investment projects include the expansion of production capacity for optical communication chips, the development of new products, and the enhancement of research and development capabilities. The company's financial performance has been robust, with revenue for 2022, 2023, and 2024 being approximately 3.39 billion yuan, 3.13 billion yuan, and 4.11 billion yuan, respectively. The net profits for the same periods were approximately 8139.84 million yuan, 7208.35 million yuan, and 7786.64 million yuan, respectively.