Jinding Optics IPO
Jinding Optics, founded in 2011 by six former employees of Phenix Optics, is pushing ahead with its IPO, but the founding team has gone its separate ways.
Jinding Optics, founded in 2011 by six former employees of Phenix Optics, is pushing ahead with its IPO, but the founding team has gone its separate ways.
Wuhan Guangzhi Technology completed IPO guidance registration on August 7, building on its expertise in precision lasers.
Loss-making Focuslight plans to raise 1 billion yuan to step up investment in optics-related businesses.
Pinzhun Laser opened subscriptions on August 7 at an issue price of 186.88 yuan per share, issuing 10 million shares to raise 1.869 billion yuan.
Guangna Siwei has completed a Series A round of nearly 200 million yuan, with investment from Guangzhou Industrial Investment, Guangzhou Financial Holdings and others, to develop full-color optical waveguides.
Lijing Innovation is again pursuing a Hong Kong IPO, though its rapid growth is accompanied by questions over its reliance on the Apple supply chain and its independence.
Automotive lighting maker Xingyu Co. plans to raise funds in Hong Kong despite holding more than 3.8 billion yuan in cash.
Precision optics company Lijing Innovation filed with the Hong Kong Stock Exchange on July 31, with a valuation of about RMB 22.5 billion.
Pinzhun Laser is raising funds to replenish working capital despite holding large financial investments, with a gross margin roughly twice that of its peers and nearly RMB 10 million spent on patent purchases.
Lijing Innovation has again filed a listing application with the Hong Kong Stock Exchange.
Precision optical component maker Fulan Optics listed on the NEEQ Innovation Layer on July 31 and began its tutoring process.
Nika Optics has completed a Series A round of nearly 100 million yuan, with investors including BOCI, breaking the overseas blockade on volume holographic materials.
Zhongji Innolight will list in Hong Kong on July 30, raising more than HKD 54.5 billion.
Photonic quantum computing company Turing Quantum announced on January 27 that it had completed a Series B financing round worth several hundred million yuan, with investors including Sichuan Industrial Revitalization Group, Toukong Donghai, Fosun Capital and SenseTime. The Hangzhou Institute of Optics and Fine Mechanics previously participated in its angel round. The funds will be invested in the development of practical quantum computers, breakthroughs in core technologies and the building of R&D talent. The original report said Turing Quantum has achieved mass-producible, scalable and programmable integrated photonic quantum chip manufacturing based on a thin-film lithium niobate material platform.
Aiou Optics, a company incubated by the Hangzhou Institute of Optics and Fine Mechanics, has completed an A+ financing round of tens of millions of yuan, jointly invested by the Daohe Tuojing Chip Chain Fund and Juntong Capital. The funds will mainly go toward product development and capacity expansion to meet demand from the domestic semiconductor equipment industry for high-end lasers. Aiou Optics' intelligent stabilized lasers target applications including laser debonding, silicon wafer stealth dicing, glass through-hole processing, and display panel processing.
Fuja Gallium, a company incubated by the Hangzhou Institute of Optics and Fine Mechanics, has announced the completion of an A+ funding round of nearly 100 million yuan, with participation from Shenzhen Capital Group, China Internet Investment Fund, Renzhi Capital, Zhongying Venture Capital, Shengde Investment, and others. The funds will be used to build China's first production line for 6-inch gallium oxide single crystals and epitaxial wafers, with annual capacity of 10,000 wafers expected by the end of 2026, as well as to improve single-crystal production efficiency, optimize epitaxial quality, and conduct device verification. The company has also launched its "one-click crystal growth" intelligent equipment, focusing on full-chain development of gallium oxide single-crystal preparation and epitaxy technology.
The investment platform of the Hangzhou Institute of Optics and Fine Mechanics has completed an angel-round investment in Xishi Technology. The funds will be used to expand production capacity for high-precision film thickness measurement instruments, upgrade next-generation optical algorithms, and develop the market. Xishi Technology's film thickness gauge product line covers benchtop, vacuum, handheld, line-scan, and OEM modules, with a measurement range from 1 nm to 1 mm and support for both single-layer and multilayer film measurement. Its optical structure and optomechanical system are 100% domestically sourced, and its light source utilization rate is five times that of comparable imported equipment.
Guangdong Huoer Laser Technology Co., Ltd. has completed a new financing round worth tens of millions of yuan, with investment from Shenzhen Huixin Investment and Huafeng Capital serving as exclusive financial adviser. The funds will go toward blue-infrared laser welding product R&D, team expansion and market development. The company's 455 nm blue laser boosts copper absorption by 12 times and gold absorption by 60 times compared with 1064 nm near-infrared light. Its blue-infrared hybrid welding solution addresses spatter, porosity and heat-affected zone issues in copper, gold and aluminum welding, improving cycle time, stability and yield for flat-wire motor stator windings and lithium battery copper tabs.
Focuslight, Synopsys, AMS Technologies and Oxford Instruments announced or completed acquisitions in early 2024, covering micro- and nano-optics, simulation software, laser systems and scientific cameras. Focuslight completed the acquisition of 100% of the equity in SMO for EUR 75.5405 million, while Synopsys plans to acquire Ansys for $35 billion, a deal still subject to shareholder and regulatory approval. AMS Technologies acquired neoLASE, and Oxford Instruments acquired First Light Imaging.
Why we recommend it: The four deals respectively add device manufacturing, simulation software, laser system and scientific imaging capabilities, useful for comparing different paths optics companies take to expand through acquisitions.