Weirong Technology's GEM IPO submitted registration as a leading domestic MLCC manufacturer
The Zhitong Finance App learned that on November 2, Guangdong Weirong Electronics Technology Co., Ltd. (abbreviation: Weirong Technology) applied for the Shenzhen Stock Exchange GEM IPO review status changed to “submit registration”. Huatai United Securities is its sponsor and plans to raise 1,675 billion yuan.
According to the prospectus, since its establishment in 2017, Weirong Technology has always focused on R&D, innovation and large-scale production of MLCC products, and has developed into a leading domestic MLCC manufacturer. Weirong Technology's main business is R&D, production and sales of miniaturized, high-capacity, and high-reliability high-end MLCCs, and is committed to providing customers with high-performance MLCC products. As a passive component in electronic circuits that realizes core functions such as filtering, decoupling, bypass, coupling, energy storage, and oscillation, MLCC is known as “rice for the electronics industry.” The company's MLCC product models are rich and have a wide range of application scenarios, covering consumer electronics, industrial equipment with AI servers as the main body, and automotive electronics, providing important support for technological upgrading and large-scale development of downstream industries under the wave of artificial intelligence.
According to Frost & Sullivan data, the company ranked 3rd among mainland Chinese manufacturers in terms of MLCC revenue in 2025. The company has also been highly recognized by relevant industry associations and departments. Since 2021, it has been rated as “China's Top 100 Key Electronic Components Enterprises” by the China Electronic Components Industry Association for 5 consecutive years, and has been selected as the “Guangdong Provincial Manufacturing Single Champion Enterprise” by the Guangdong Provincial Department of Industry and Information Technology.
The company's products use a sales model of “direct sales as the main focus and distribution as a supplement”, and the company's distribution model is buyout sales. During the reporting period, the company's top five customers included Company A, United Wireless, Huaqin Technology, Hon Hai Precision, Xiaomi, etc. The company's main customers covered world-renowned technology brands, leading global enterprises in the ODM/OEM field, and distributors specializing in electronic components.
With long-term technology accumulation and continuous innovation, the company has built a full-chain technical capability system covering key fields such as functional ceramic material formulation, product structure design, nanopowder dispersion, ultra-thin ceramic film molding, precision graphic printing, high-precision stacking and pressing, and rapid co-firing of thin ceramics and metal electrodes. The overall technical strength is at the leading level of the industry.
On the financial side, in 2023, 2024, 2025, and January-June 2026, the company achieved operating income of 1,041 billion yuan, 1,512 billion yuan, 1,845 billion yuan, and 1,009 billion yuan respectively; in the same period, it recorded net profit of 574.14,000 yuan, 235 million yuan, 269 million yuan, and 120 million yuan, respectively.
