Following Sipuning Technology in Bishan District, another company to be listed in Chongqing has entered the counseling period this year.

On March 27, upstream news reporters learned that Chongqing Yulong Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Yulong Optoelectronics") and CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities") signed a counseling agreement on February 26 to publicly issue shares and go public, and file them with the Chongqing Securities Regulatory Bureau.

According to reports, Yulong Optoelectronics is registered in Beibei District, Chongqing, and is engaged in the research and development, production and sales of precision control boards and precision functional devices. So far, 32 Chongqing enterprises have entered the counseling period to prepare for IPO (initial listing).

In 2022, it applied for an IPO

According to the counseling announcement, Yulong Optoelectronics was established on March 6, 2014, belonging to the C39 computer, communication and other electronic equipment manufacturing industry, with a registered capital of 387.30 million yuan, and the legal representative and controlling shareholder is Wang Yalong, who directly holds 42.30% of the company's equity.

The

counseling agreement will be signed on February 26, 2025, and the counseling agency is CITIC Securities, the law firm is Zhong Lun Law Firm, and the accounting firm is Tianjian Certified Public Accountants (special general partnership).

In December 2022, Yulong Optoelectronics was accepted for IPO on the main board of the Shanghai Stock Exchange.

On January 30, 2023, the company pre-disclosed the prospectus, planning to issue no more than 129 million A shares and raise 1.5 billion yuan. At that time, the brokerage was also CITIC Securities.

At that time, the draft prospectus showed that in March 2014, Chongqing Yulong Optoelectronics was established with a registered capital of 30 million yuan, with Shaanxi Wright Optoelectronics Technology Co., Ltd. accounting for 85% and Xi'an Yulong accounting for 15%. In April 2014, Shaanxi Wright Optoelectronics Technology Co., Ltd. transferred 85% of the equity of Chongqing Yulong Optoelectronics to Wang Yalong, and in March 2015, Xi'an Yulong transferred 15% of the equity of Chongqing Yulong Optoelectronics to Li Hongyan. After that, Chongqing Yulong Optoelectronics gradually developed and expanded. On January 29, 2021, it was restructured into a joint stock limited company.

The company originally planned to raise 1.5 billion yuan for OLED control board and LCD module control board and precision die-cutting production base project, Chongqing Yulong Optoelectronics production base phase II expansion project, R&D center upgrade construction project and replenishment of working capital.

In June 2023, Yulong Optoelectronics and the sponsor withdrew the application for issuance and listing from the Shanghai Stock Exchange, and the Shanghai Stock Exchange terminated the review of the company's issuance and listing.

The resumption of listing counseling, the brokerage is still CITIC Securities.

The husband and wife are the actual controllers and start a business together

Previously, Wang Yalong has led another affiliated company, Wright Optoelectronics (688150), to land on the Science and Technology Innovation Board in March 2022, the company's main OLED display materials, and Yulong Optoelectronics (focusing on precision control boards and functional devices), which are located in different links of the display panel industry chain.

According to the original prospectus declaration draft of Yulong Optoelectronics, Li Hongyan is a director of the company and directly holds 17.00% of the shares.

It is reported that Wang Yalong and Li Hongyan are husband and wife, they directly hold 59.31% of the shares of Yulong Optoelectronics, and indirectly control 13.70% of the company's shares through Yulong Enterprise Management (8.39%), Gongqingcheng Ruilin (2.74%), Gongqingcheng Juncheng (0.82%), Gongqingcheng Xiaohe (0.82%), and Gongqingcheng Gaozhan (0.91%), and the two directly and indirectly control 73.01% of the company's shares.

A little more news

BOE is an important customer

Yulong Optoelectronics' main business is the R&D, production and sales of precision control boards and precision functional devices, including display panels, vehicle electronics, Internet of Things and semiconductors.

The company is the largest supplier of display precision control board processing and manufacturing of BOE, a leading display panel company, and the main supplier of precision functional devices.

In 2019, 2020, and 2021, Yulong Optoelectronics' revenue will be 298 million yuan, 494 million yuan, and 720 million yuan respectively; The net profit attributable to the parent company was 55.5883 million yuan, 112 million yuan, 116 million yuan and 49.1244 million yuan respectively, and the net profit attributable to the parent company after deducting non-recurring gains and losses was 39.1424 million yuan, 97.3432 million yuan and 100 million yuan respectively.

In the first half of 2022, Yulong Optoelectronics' revenue was 341 million yuan, and the net profit attributable to the parent company after deducting non-recurring gains and losses was 43.5466 million yuan.

In the first half of 2019, 2020, 2021 and 2022, Yulong Optoelectronics' sales revenue to BOE, its largest customer, was 281 million yuan, 471 million yuan, 688 million yuan and 295 million yuan respectively, accounting for 94.38%, 95.29%, 95.42% and 86.51% of operating income respectively.

Upstream news reporter Liu Yong and intern Zhou Yang