Changyingtong Optoelectronics was officially listed on the Science and Technology Innovation Board

On December 12, the IPO ceremony of Changyingtong Optoelectronics was held.

Founded in 2010, Changyingtong Optoelectronics has been deeply engaged in the main business of optical fiber ring for many years, unswervingly taking the road of independent research, development, innovation and development, with the mission of "providing the best solution for optical transmission signal and transmission energy", committed to becoming a leader in the optical fiber ring segment industry and a comprehensive solution provider for optical fiber ring components. The core product of the company is the fiber ring used in fiber optic gyroscope and its main material, polarization maintaining fiber. Fiber optic gyroscope is widely used in important military fields.

The planned product system in 2022 is divided into four categories with an estimated revenue of 290 million yuan to 320 million yuan

From 2018 to the first half of 2021, the sales revenue of optical fiber ring devices and special optical fiber accounted for 89.17%, 88.59%, 89.68% and 89.66% of the main business revenue, which is the main component of the main business revenue. From January to September 2022, Changyingtong realized an operating income of about 213 million yuan, an increase of 32.21% over the same period of last year. The company realized a net profit attributable to the shareholders of the parent company of 51093500 yuan, an increase of 37.90% over the same period of last year. This is mainly due to the continuous expansion of the company's main business, the rapid growth of the sales scale of major products such as optical fiber rings, and the increase of the net income of 5911700 yuan from January to September 2022 after obtaining the approval for duty-free military products.

The Company expects that the achievable operating revenue in 2022 will be 290 million yuan to 320 million yuan, with a year-on-year growth of 10.72% to 22.18%; It is estimated that the net profit attributable to shareholders of the parent company in 2022 will range from 77 million yuan to 86 million yuan, with a year-on-year growth of 0.54% to 12.29%.

Changyingtong Optoelectronics is committed to the industrial strategy of "5+1 focus on concentric circles", that is, taking special optical devices such as optical fiber rings as the core, to form the industrial strategic layout of "5+1 focus on concentric circles", including special optical fibers, new materials, electromechanical equipment, photoelectric systems and measurement and detection services related to optical devices.

In the future, the company's product development will focus on special optical devices such as optical fiber rings, and develop in five major fields related to optical devices, including special optical fibers, new materials, electromechanical equipment, photoelectric systems, and measurement and testing services.

The product systems planned by the company can be divided into four categories:
Core products: develop in depth along the fiber optic gyro industry chain, and realize the miniaturization, high-precision, standardization and low-cost inertial navigation technology and product localization of fiber optic ring and optical module products applied in the inertial navigation field.

Cultivated products: for products applied in the field of marine underwater acoustics, in-depth research is made on the characteristics of special optical fiber cable components required by the marine acoustic hydrophone, research and develop supporting products, achieve stable batch supply, and solve the system bottleneck. For the products applied in the field of energy Internet, form the system solution capability of communication component products for wind power and the system solution capability of key products in ultra-high voltage, flexible and straight engineering applications.

Emerging products: for the products applied in the field of laser energy transfer, realize the industrialization of research and development of technologies, production lines, detection related platforms, and products of the whole product chain of low-power, medium power, and high-power laser related active doping, matched passive special optical fiber cable components, and become the key core component suppliers in the field of laser energy transfer applications.

Supporting products: as a platform technology, support the development of the above three categories of products, and continuously improve the adhesives and coating materials used in the polarization maintaining fiber ring and polarization maintaining fiber; Develop production equipment for polarization maintaining fiber ring and special optical fiber with higher automation level and higher efficiency; Continuous research and development in thermal control materials and testing technology.

The main customer of establishing core technology system is Aerospace Science and Industry Group

Changyingtong Optoelectronics has worked hard in relevant fields for many years, and has broken through the integrated micro industrial chain of "ring fiber glue module equipment". All fields have developed synchronously, which has jointly promoted the improvement of optical fiber ring and polarization maintaining fiber and other products, become an important supplier of related military supporting systems, and occupy a dominant position in the increasingly fierce market competition. In addition, it has established long-term and good business cooperation with inertial navigation scientific research and production units under military industry groups, such as Aerospace Science and Industry Group, Aerospace Science and Technology Group, Ordnance Industry Group, Aviation Industry Group, China Electronics Technology Group and China Shipbuilding Group. Its main customers are well-known enterprises and institutions with leading technical strength in the fiber optic gyro industry, and signed strategic cooperation agreements with some customers. The product quality is stable, reliable, and the delivery ability is strong.

It has been recognized by customers, and continues to expand the scale and depth of product support for military customers. Changyingtong Optoelectronics also sold loop winding equipment and fiber ring and other products to the internationally renowned fiber optic gyro manufacturer GEM elettronica Srl of Italy, reflecting its technical strength.

In terms of R&D, from 2018 to the first half of 2021, the investment of Changyingtong Optoelectronics was RMB 11.0219 million, RMB 13.8537 million, RMB 13.4046 million and RMB 7.4876 million, respectively, accounting for 7.92%, 7.80%, 6.22% and 6.73% of the operating revenue. As of the signing date of the prospectus, the company and its subsidiaries have a total of 95 patents, including 54 invention patents, 38 utility models, and 3 designs. A pool of intellectual property rights covering core technologies such as special optical fibers, optical fiber rings, adhesives for fiber optic gyroscopes, and loop equipment has been formed, which has competitive advantages in the field of core product technologies.

In terms of technology, the company has established a relatively comprehensive core technology system, including optical fiber ring technology, optical fiber design technology, preform preparation technology, optical fiber wire drawing technology, coating material technology, optical fiber gyroscope system technology, equipment technology and testing technology. The current product technology development direction is in line with the national strategic policy of focusing on solving the "choke" key technology field, and the breakthrough of foreign patent barriers and technical blockade, It is of great significance to ensure the military supporting facilities and national defense security.

After years of R&D investment and technical cultivation, the company and its R&D team have made a number of technological breakthroughs in the field of optical fiber ring and special optical fiber, with rich technical reserves and experience accumulation. Among them, the optical fiber ring and polarization maintaining optical fiber products of Changyingtong Optoelectronics are widely used in sea, land, air and space as supporting components in a variety of types of weapons and equipment.

Source: OFweek Laser Network