Everdisplay Optronics Shanghai Co Ltd

Chongqing Yulong Optoelectronics Technology Co., Ltd.'s ChiNext IPO application was approved on August 6. The company plans to publicly issue no fewer than 43.0336 million shares and no more than 129 million new shares, representing no less than 10% and no more than 25% of the total post-issuance share capital, raising no more than 1 billion yuan. The proceeds will be directed toward three projects: the Hefei Yulong production base, the second phase of Chongqing Yulong, and supplementary working capital. Yulong Technology focuses on intelligent control cards and precision functional components for the new-type semiconductor display panel sector, having supplied over a thousand products to major domestic panel manufacturers such as BOE and Everdisplay Optronics. From 2023 to 2025, the company's operating revenues were 698 million yuan, 1.095 billion yuan, and 1.137 billion yuan, respectively, with net profits attributable to the parent company of 75.7208 million yuan, 121 million yuan, and 133 million yuan. For the first half of 2026, it expects revenue of 610 million yuan to 658 million yuan and net profit attributable to the parent company of 77 million yuan to 84 million yuan. Controlling shareholder Wang Yalong directly holds 42.3% of the shares, and together with his wife Li Hongyan, they control 74.16% of the company's equity. Wang Yalong previously took his company Lighte Optoelectronics public on the STAR Market in 2022. The company stated that its capacity utilization rate has rebounded to over 90%, and it is optimistic about the consumer electronics replacement demand driven by AI technology and the globalization opportunities for domestic panel manufacturers.

On July 10, the optical and optoelectronics sector rose 4.46% intraday. Among constituent stocks, ML Optic gained 14.21%, Everdisplay Optronics rose 13.87%, Wave Optics climbed 12.31%, HC Semitek advanced 10.08%, and Xuguang Electronics added 10.00%. According to CNR News, the 2026 Microdisplay Innovation and Application Conference and Global Display Industry Trend Release was held in Hefei Xinzhan High-tech Zone. Under the theme 'Microdisplay Breakthroughs, Industry Outlook,' the event gathered global wisdom to explore cutting-edge microdisplay technologies and the industry's future. Sinolink Securities noted that the continuous evolution of large AI models is driving upgrades in computing infrastructure, with optical modules accelerating iteration toward 800G and 1.6T. There is urgent demand for high-speed, low-power, highly integrated optical interconnect solutions. CPO technology offers notable advantages in improving interconnect density and transmission stability. As the supply side gradually matures, the penetration process is expected to accelerate. The firm suggests focusing on leading companies in CPO optical components, packaging and manufacturing, and overall solutions.