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IPO Radar | After resuming the listing process on the Beijing Stock Exchange, Jinghua Optical responded to the second round of inquiries late, and the amount of funds raised was halved

2024-08-15

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Shenzhen Business Daily·DuChuang Client Reporter Chen Linlin

On August 13, the NEEQ-listed companiesJinghua Optics (874232)After the Beijing Stock Exchange updated its listing application review status, the company updated its response to the Beijing Stock Exchange's second round of inquiries and updated some financial data.

From 2020 to 2023, the company's operating income was RMB 1.003 billion, RMB 1.221 billion, RMB 1.195 billion, and RMB 1.116 billion, respectively, and its non-GAAP net profit was RMB 62.1919 million, RMB 52.6463 million, RMB 91.9597 million, and RMB 60.8124 million, respectively. In 2023, both the company's operating income and non-GAAP net profit declined. Jinghua Optics said that the decline in revenue in 2023 was mainly due to a RMB 74.0314 million decrease in revenue from precision optoelectronic instruments.

The response to the second round of inquiries was delayed and the fundraising situation was questioned

Jinghua Optics completed its listing on the New Third Board on November 30, 2023. At the same time, it used the direct review mechanism to launch the IPO on the Beijing Stock Exchange. The stock was suspended from December 25, and the listing application on the Beijing Stock Exchange was accepted on December 28, 2023. According to the official website of the Beijing Stock Exchange, on January 16 this year, the Beijing Stock Exchange sent the first round of inquiry letters to Jinghua Optics. After the company responded on March 22, the Beijing Stock Exchange sent the second round of inquiry letters on March 29. However, the company immediately applied for suspension of the review due to the expiration of the financial report supplementary audit matters, and the listing process was resumed on June 28.