【New Stock IPO】Changguang Chenxin Microelectronics Passes Listing Hearing, Aiming to Enter the International Capital Market

SocialAnxietyStaker · 2026-03-29T14:04:37+00:00

Changguang Chenxin Microelectronics has passed the listing hearing on the Hong Kong Stock Exchange and plans to raise over RMB 1.557 billion to enter the international capital market. The company's products cover fields such as industrial, scientific, professional, and medical imaging. By 2025, it is expected to achieve a profit of RMB 293 million with a gross profit margin of 66.9%. The funds will be used for research and development as well as expanding production lines.

SocialAnxietyStaker

2026-03-29 14:04:37

Abstract generation in progress

Complementary Metal-Oxide-Semiconductor (CMOS) image sensor (CIS) supplier Longguang Chenxin Microelectronics has passed the listing hearing on the Stock Exchange, with CITIC Securities and Guotai Junan Securities serving as joint sponsors.

According to the updated preliminary prospectus, the company has nine major product lines that are widely applicable in advanced technology fields such as industrial imaging, scientific imaging, professional imaging, and medical imaging.

The company earned a profit of 293 million yuan in 2025 (the same below), an annual increase of 48.82%; revenue reached 857 million yuan, an annual rise of 27.26%. The gross profit margin was 66.9%, an annual increase of 7.9 percentage points.

Aiming for Hong Kong Listing to Enter International Capital Markets

It is noteworthy that the company submitted an application for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange in June 2023. Subsequently, considering various factors, including the lengthy and uncertain listing timeline due to the overall A-share review process, overall market sentiment, and the company’s strategic repositioning for global recognition, it voluntarily withdrew its A-share listing application in January 2025. According to the documents at that time, the company planned to raise over 1.557 billion yuan.

The company’s directors believe that the Hong Kong Stock Exchange, as a globally recognized and well-known securities exchange, will allow the company to enter the international capital market, expand its global business layout, enhance brand awareness and market recognition, and create opportunities for further expanding its investor base.

The proceeds from this fundraising will be used to increase R&D investment; establish an advanced CMOS image sensor R&D center; expand packaging and testing production lines; strategic geographical expansion; and for working capital and general corporate purposes.

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