The IPO of the Frequency Laser Science and Technology Innovation Board has been accepted. The share of the global laser market in quantum technology in 2024 is 9.21%

The Zhitong Finance App learned that on December 8, Shanghai Binzhun Laser Technology Co., Ltd. (abbreviation: Pinzhun Laser) was accepted for IPO on the Shanghai Stock Exchange Science and Technology Innovation Board. CITIC Construction Investment is its sponsor and plans to raise 1,410 billion yuan.

According to the prospectus, the company mainly targets quantum technology fields such as quantum computing and quantum precision measurement, semiconductor fields such as wafer manufacturing, wafer quantity detection, and wafer invisibility, and cutting-edge research fields such as laser interference exposure and laser remote sensing. It has developed a new precise laser technology route and launched laser products with precise control of wavelength, line width, noise, power, pulse, etc., to help the localization process of China's quantum technology and semiconductor industry chain.

The company targets the demand for wide-band, narrow linewidth, low-noise, high-power, high-precision lasers for quantum computation and quantum precision measurement. Optical integration such as low-noise precision seed lasers is generated from optical fiber DFB seed sources or semiconductor seed sources, amplified power through optical amplifiers, and uses nonlinear frequency conversion technology to obtain 177-5000nm arbitrary band, low noise, narrow linewidth, high-power, tunable lasers, and performs optical integration such as laser frequency locking, bundling, beaming, frequency shifting, and switching according to customer requirements. Well-known names at home and abroad such as the Chinese Academy of Sciences and Customer E Universities, research institutes, and quantum technology companies support the rapid development of basic research and technical applications in the field of quantum technology. In addition, the company's products are also widely used in cutting-edge scientific research fields such as laser interference exposure and laser remote sensing.

Based on the semiconductor industry's urgent demand for domestic precision laser light sources, the company launched precision laser products to serve important customers such as customer B, customer C, customer D, Zhongan Semiconductor, Angkun Vision, and customer G, promoting the localization process of China's wafer manufacturing equipment, measurement equipment and hidden equipment, and achieving the replacement of imported laser light source products, which is of great significance to the stability of China's semiconductor industry supply chain and autonomous and controllable core technology.

After years of R&D and innovation, the company has developed a precise laser technology route of “seed source+optical fiber amplification+nonlinear frequency conversion+frequency stabilization”, successfully achieving narrow linewidth, low noise, high frequency stability, and high power laser output covering the full band of 177-5000nm. Compared with traditional foreign semiconductor lasers and titanium gemstone lasers, this solution has significant advantages such as anti-vibration, transportable, and no mode hopping. Some key performance indicators surpass similar international products. With the superior performance indicators and extremely high reliability stability of precision laser products, the company fully meets the demand for accurate light sources in the field of quantum technology and semiconductors.

According to QYResearch's research data and estimates, in 2024, the company's share of the global quantum technology laser market will be 9.21%, and the domestic quantum technology laser market will account for 16.85%. In 2024, the company's revenue in the semiconductor sector was 75 million yuan, accounting for 1.98% of the domestic market.

After review and approval by the company's second extraordinary shareholders' meeting in 2025, the funds raised in this offering will be invested in the following projects after deducting issuance fees:

On the financial side, in 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately RMB 804.291,000, RMB 148 million, RMB 292 million, and RMB 180 million; during the same period, net profit was approximately RMB 339.629 million, RMB 604.66 million, RMB 116 million, and RMB 709.063 million, respectively.