IPO News | Changguang Chenxin Hong Kong Stock IPO Prospectus Expires

The Zhitong Finance App learned that the Hong Kong stock prospectus submitted by Changchun Changguang Chenxin Microelectronics Co., Ltd. (abbreviation: Changguang Chenxin) on June 19 expired on December 19. CITIC Securities and Guotai Junan International were co-sponsors at the time of submission.

According to the prospectus, Changguang Chenxin is a high performance CMOS image sensor (CIS) provider. The company has always focused on the research and development of high-performance CMOS image sensors, providing nine product lines and more than 50 standard products, which are widely used in advanced technology fields such as industrial imaging, scientific imaging, professional imaging and medical imaging.

According to Frost & Sullivan, the global CIS market is expected to accelerate from 2024 to 2029, and total revenue is expected to increase from RMB 139.1 billion in 2024 to RMB 210.3 billion in 2029, with a compound annual growth rate of about 8.6%. According to Frost & Sullivan, in terms of industrial imaging revenue in 2024, the company ranked third among CIS companies in the world and number one among CIS companies in China, accounting for 15.2% of the global market share.