Lianxun Instruments sprints towards the Science and Technology Innovation Board, raising 1.7 billion to increase investment in optical communication testing and other tracks

On April 13, Suzhou Lianxun Instrument Co., Ltd. (hereinafter referred to as "Lianxun Instrument") recently issued an announcement for its initial public offering and listing on the Science and Technology Innovation Board, officially taking a key step to enter the A-share capital market. The securities code of Lianxun Instrument is 688808, and its industry is instrument manufacturing. The number of shares issued this time is 25.666667 million shares, and the issuance price was finally determined at 81.88 yuan per share.

Lianxun Instrument focuses on the research and development, manufacturing, sales and service of electronic measuring instruments and semiconductor testing equipment. Its core product matrix is rich, mainly covering high-speed communication test instruments, electrical performance test instruments, optoelectronic device test equipment and power device test equipment. It is a domestic supplier with high-performance test instruments, high-precision automation and comprehensive semiconductor testing capabilities.

Lianxun's instrument business can fully cover the core testing links of modules, chips, and wafers in the optical communications industry chain. The company has launched a complete test solution for the optical communication market, including sampling oscilloscopes, bit error meters, wavelength meters and general optical measurement instruments. Lianxun Instruments is one of the few companies in China that supplies 400G/800G/1.6T high-speed optical module core test instruments, and is the second company in the world to launch all core test instruments for 1.6T optical modules.

In recent years, Lianxun Instruments' performance has grown simultaneously due to the continued increase in market demand in optical communications, silicon carbide power devices and other fields. Performance in 2025 will reach a new high in recent years, with revenue of approximately 1.15 billion to 1.2 billion yuan, a year-on-year increase of 45.82%-52.16%; net profit attributable to the parent company will be 166 million to 176 million yuan, a year-on-year increase of 18.15%-25.27%.

In this listing plan, based on the issuance price of 81.88 yuan per share, Lianxun Instruments is expected to raise a total of 2,101,586,700 yuan, and the estimated net raised funds after deducting issuance expenses is 1,907,080,200 yuan.

According to the corporate plan, the issuer is expected to use RMB 1,711.4428 million in raised funds for this fundraising project. The funds will be mainly invested in the extension of the company's core business and the upgrading of core technologies. Specific investment projects include next-generation optical communication test equipment R&D and industrialization construction projects, automotive chip test equipment R&D and industrialization construction projects, storage test equipment R&D and industrialization construction projects, digital test instrument R&D and industrialization construction projects, and next-generation test instrument equipment R&D center construction projects.

Among them, the total investment in the next-generation optical communication test equipment research and development and industrialization construction projects is 512.7922 million yuan. The project is aimed at 3.2T, 6.4T optical modules and silicon optical wafer testing, etc., promoting the technology accumulation and product performance iteration of the company's communication test instruments and optoelectronic device test equipment, and better adapting to the high-speed, high-integration, and high-flexibility optical communication testing needs of downstream customers.

Lianxun Instrument stated that the purpose of this investment project with raised funds is to rely on the company's core technology accumulation in the fields of high-speed signal processing, weak signal processing, and ultra-precision motion control to continue to promote the research and development and industrial application of electronic measuring instruments and semiconductor testing equipment, in line with the company's current and future business development needs.