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Chengdian Optoelectronics received IPO approval, and the "third stock of 920 on the Beijing Stock Exchange" is here

2024-08-05

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Securities Times reporter Liang Qiuyan

Following Taihu Yuanda, Chengdu Electric Optics, the first company to pass the review after the resumption of IPO review at the Beijing Stock Exchange, also received the IPO approval document from the Beijing Stock Exchange on August 2, which means that the "third stock of 920 at the Beijing Stock Exchange" is also coming. Market insiders believe that the listing review process of the Beijing Stock Exchange has been fully restored, and they hope that the resumption of new listings at the Beijing Stock Exchange will boost the secondary market.

After Taihu Yuanda’s registration application was approved, Chengdian Optics also obtained the IPO approval from the China Securities Regulatory Commission on the Beijing Stock Exchange. Taihu Yuanda and Chengdian Optics will soon become the two “920 new stocks” after Wanda Bearing.

It is worth mentioning that Chengdian Optics went to the meeting on June 17 and successfully passed. It is the first company to pass the meeting since the release of the new "Nine National Regulations" on February 6 and the restart of IPO review by the Beijing Stock Exchange. However, Taihu Yuanda obtained the IPO approval a few days earlier than Chengdian Optics.

Chengdian Optoelectronics' main business is the research and development, production and sales of network bus products and special display products. Its products are currently mainly used in the field of national defense and military industry. The company is a national-level "little giant" enterprise specializing in special products.

Chengdu Electric Optics and Information Technology's performance maintained rapid growth, with operating income exceeding 200 million yuan in 2023; net profit was 45.04 million yuan, a year-on-year increase of 34%; net profit after deducting non-recurring items was 42.07 million yuan, a year-on-year increase of 34%.

Taihu Yuanda is also a national-level specialized and innovative "little giant" enterprise. The company is an enterprise integrating the research and development, manufacturing, sales and service of environmentally friendly polymer materials for cables. Its main products include "Taihu Yuanda" brand silane cross-linked polyethylene cable materials, chemical cross-linked polyethylene cable materials, low-smoke halogen-free cable materials, semi-conductive internal and external shielding materials, and special product series for cables of other specifications. The company can also develop polymer materials with special properties according to customer requirements.

In terms of performance, Taihu Yuanda has also continued to grow, and its profits are not small. In 2023, the company's revenue exceeded 1.5 billion yuan, and its net profit was 77.46 million yuan, a year-on-year increase of 27%.

Zhou Yunnan, founder of Beijing Nanshan Investment, expects that Taihu Yuanda may launch its IPO in the next week, while Chengdu Electric Optics will be issued one week later than Taihu Yuanda. Taihu Yuanda is expected to be officially listed at the end of August, and Chengdu Electric Optics will be listed on September 2.

In his opinion, although the listing review process of the Beijing Stock Exchange has been fully restored, the rhythm still needs to be clarified. "I hope that the resumption of new share issuance and listing of the Beijing Stock Exchange in the next week will inject new vitality and passion into the secondary market of the Beijing Stock Exchange and stimulate the market."