Log in to Shenzhen Stock Exchange! Many LED companies have good IPO news

Recently, the pace of capitalization in the lighting and display industry has continued to accelerate. From IPO guidance and acceptance to listing, many companies have announced new IPO developments.

Huike Co., Ltd. was listed on the Shenzhen Stock Exchange

On June 26, Huike Co., Ltd. was listed on the main board of the Shenzhen Stock Exchange. The stock abbreviation is "Huike Co., Ltd." and the stock code is "001399". The market was strong on the first day of listing. The stock price once rose by more than 600%, and the total market value stood at 500 billion yuan. The 305% increase in early trading triggered a temporary trading suspension for the first time, and it rose again to nearly 400% during the session, triggering a second temporary suspension. After the resumption of trading, the stock price continued to rise and hit a high.

According to data, Huike Co., Ltd.’s main business is the R&D, manufacturing and sales of core display devices such as semiconductor display panels and smart display terminals. It is one of the three leading large-size LCD panel manufacturers in the world and one of the companies with the highest vertical integration in the domestic display industry chain.

The company's main products include TV panels, IT panels, TV terminals, IT terminals and various smart IoT terminals of various sizes and types, which are widely used in consumer electronics, commercial displays, automotive electronics, industrial control, smart IoT and other display scenarios. The company has established in-depth cooperative relationships with many world-renowned brand customers, including Samsung, LG, HP, Dell, Sony, Lenovo, Xiaomi, TPV, TCL Electronics, Haier, Hisense, VESTEL, etc.

Huike's IPO plans to raise 8.5 billion yuan, which will be used for the Changsha new OLED R&D and upgrade project, Changsha Oxide R&D and industrialization project, Mianyang Mini-LED smart manufacturing project, supplementing working capital and repaying bank loans.

It is easy to see from the fundraising structure that Huike attaches great importance to cutting-edge display technology research and development and production capacity layout, continues to increase technological innovation and product iteration, and consolidates the core competitiveness of the industry. Through the implementation of this fundraising project, the company will further increase its R&D investment and production line layout in new display technologies such as OLED, Oxide, and Mini-LED, improve existing technology levels and production capabilities, and build a complete new semiconductor display multi-technological route ecosystem.

At the same time, the company's technical reserves in the field of display panels will also be enhanced. The large-scale production capacity of Oxide and Mini-LED related products is expected to increase, further optimize product layout, and establish sustained and stable supply capabilities to meet the diversified needs of downstream customers for different products.

In terms of company performance, in 2023, 2024 and 2025, Huike's operating income was 35.824 billion yuan, 40.282 billion yuan, and 40.897 billion yuan respectively, and its net profits were 2.582 billion yuan, 3.320 billion yuan, and 3.801 billion yuan respectively. Operating income in the first half of 2026 is expected to be 20 billion to 22 billion yuan, a year-on-year increase of 5.28% to 15.81%; net profit is expected to be 1.85 billion to 2.05 billion yuan, a year-on-year decrease of 5.17% to 14.42%.

Chitron Northern Technology Co., Ltd. completed its IPO coaching work

On June 22, CITIC Securities submitted the "Completion Report on the Initial Public Offering and Listing Counseling Work of Beijing Chitron North Technology Co., Ltd."

According to public information from the Beijing Securities Regulatory Bureau, Chitron North completed the IPO guidance registration for the Science and Technology Innovation Board on August 5, 2025, with CITIC Securities serving as the exclusive guidance agency. After going through listing counseling, compliance rectification and internal control system sorting, the company has completed the counseling and acceptance and has the basic conditions to apply for an IPO on the Science and Technology Innovation Board.

According to data, Chitron North has long been focused on the research and development, design and sales of display chips. Its products include panel display driver chips, power management chips, LED display driver chips and control chips. Its applications cover LCD, LED, OLED, AR/VR and other display technologies, and are used in smartphones, TVs, laptops, tablets, monitors, LED displays and other products.

In recent years, with the development of new display technologies, Chitron North has also continued to expand its business layout, involving areas such as small-pitch LED displays, silicon-based OLED displays, automotive displays, and SoC chips. At present, the company has established cooperative relationships with industrial chain companies such as SMIC and World Advanced Technology, and its downstream customers include BOE, TCL CSOT, Huike, Leyard, Unilumin Technology and other manufacturers.

In the field of automotive display, in May last year, Chitron's independently developed China's first automotive-grade bridge chip ICNM7810B with integrated local dimming function has been mass-produced and shipped in domestic consumer-grade Mini LED display products.

In addition, the company has continued to improve the product layout of driver chips and control systems in recent years, and accelerated the expansion of overseas markets. At this year's InfoComm USA exhibition, Chitron North demonstrated the LED-TCON integrated control card to the North American market for the first time. This product integrates sending and receiving functions, which can simplify the LED display system architecture and improve deployment efficiency.

Currently, Chitron North has completed 8 rounds of financing. In December 2021, the company completed the E-round financing, with a financing scale of more than 6.5 billion yuan. According to information disclosed by leading investor Ocean Pine Capital, the company’s valuation after this round of financing has exceeded 30 billion yuan. Institutions participating in the investment include Ocean Pine Capital, vivo, Zhongqing Xinxin, CCB Equity, etc., and many old shareholders have also chosen to continue to increase their investment.

Aolei Technology's GEM IPO application was accepted

A few days ago, according to the issuance and listing review information of the Shenzhen Stock Exchange, Aolei Technology Co., Ltd.'s GEM IPO application was officially accepted, and the sponsor was GF Securities.

The prospectus shows that Aolei Technology, founded in 2007 and headquartered in Shenzhen, Guangdong, is deeply involved in the field of personal mobile lighting and is committed to providing high-quality mobile lighting tools to consumers around the world. Its products cover flashlights, headlights, tool lights, camp lights, ambient lights, bicycle lights, night lights and other categories. It also provides professional lighting tools for fire protection, emergency, railway and other enterprises.

After nearly 20 years of development, Aolei Technology has grown into a well-known brand in the global consumer-grade mobile lighting field. It owns multiple brands such as Olight, Oknife, and Obuy. Its long-term partners and marketing network span North America, Europe, Asia-Pacific, etc., covering more than 100 countries and regions around the world, and has subsidiaries in Dongguan, Guangdong, Hong Kong, the United States, Germany, the United Kingdom, Australia, Japan, South Korea and other places.

Olight Technology mainly relies on the "Olight" brand to deploy domestic and overseas markets, and adopts a sales model of "online sales as the mainstay, offline sales as the supplement" to achieve global sales. Among them, the online B2C model occupies the absolute dominant position. In 2025, Aolei Technology's online sales revenue will be approximately 1.496 billion yuan, accounting for 89.94% of its main business revenue.

Specifically, Aole Technology’s online sales mainly adopt the cross-border e-commerce sales model driven by the two-wheel drive of “Amazon + brand official website”; offline sales mainly involve selling its own brand or ODM products to offline B-end customers such as retailers or traders around the world.

In recent years, Aolei Technology's performance has shown steady growth. From 2023 to 2025, Aolei Technology's operating income was 1.192 billion yuan, 1.350 billion yuan and 1.665 billion yuan respectively, with a compound annual growth rate of 18.20%; non-net profits after deducting non-net profits were 57.2743 million yuan, 73.1573 million yuan and 85.2799 million yuan respectively, with a compound annual growth rate of 22.02%.

From the perspective of product structure, flashlight products are still the core source of income of Aolei Technology, contributing approximately 1.114 billion yuan in revenue in 2025, accounting for 66.98% of the main business income. Clamp products have become its core growth point, with operating income jumping from approximately 12.8212 million yuan in 2023 to 144 million yuan in 2025, and revenue proportion increasing from 1.08% to 8.68%.

It is worth mentioning that Aolei Technology’s operating income is mainly concentrated in overseas business. From 2023 to 2025, Aole Technology's overseas revenue will account for 98.87%, 98.63% and 98.57% of total revenue respectively, mainly concentrated in North America and Europe, with the North American market contributing the largest amount.

Aolei Technology stated that in the future, it will take "lighting up the world" as its strategic mission to further promote the overseas journey of domestic consumer-grade mobile lighting brands and practice a wider scope, wider field, and deeper opening to the outside world.

Material sources: LEDinside, large lighting, announcements, etc., comprehensively compiled