On September 10, the China Securities Regulatory Commission approved the registration of a public share offering by Jinan Senfeng Laser Technology to unspecified qualified investors. The approval was disclosed on September 24, marking progress in the company's review and registration for a Beijing Stock Exchange listing. Senfeng Laser was founded in 2007.
Jixi Semiconductor, an incubated company of the Hangzhou Institute of Optics and Mechanics, has completed a Pre-A financing round worth tens of millions of yuan, jointly invested by Shanghai Science and Technology Innovation Fund, CASSTAR and Zhongying Venture Capital. The funds will be used for PCSEL (photonic crystal surface-emitting laser) product R&D and capacity expansion.
The article analyzes the Beijing Stock Exchange IPO of Jinan Senfeng Laser. Seventy percent of the company's revenue comes from overseas, and the actual controllers, the couple Li Fengxi, are bound by a valuation adjustment mechanism agreement.
Beijing Zolix Laser's STAR Market IPO application was accepted on June 30. Performance has rebounded, and existing shareholders cashed out before the filing.
Pinzhun Laser listed on the STAR Market, with each winning lot requiring a payment of about 93,440 yuan, as it faces fluctuating downstream demand and overseas competition.
Pinzhun Laser listed on the STAR Market on August 18, with payment of 93,440 yuan required for each winning lot.
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.
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.
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.
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.