One subscribed, one listed! Good news from two lighting-related enterprises

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Tongbao Optoelectronics subscribes today

Latest news: On February 9, there is 1 new stock subscription, which is Tongbao Optoelectronics of the Beijing Stock Exchange.

Tongbao Optoelectronics issues a price-to-earnings ratio of 14.99 times, subscription code is 920168, subscription price is 16.17 yuan/share, and the company's public offering size is 18.7934 million shares.

Data shows that Tongbao Optoelectronics is an automotive electronic parts manufacturer located in Changzhou, Jiangsu, listed on the New Third Board in 2015 and entered the Innovation Layer in 2020. Its main business covers the R&D, production, and sales of automotive electronic parts such as automotive lighting systems, electronic control systems, and energy management systems. Main products include LED headlight modules, driver controllers, and complete headlight assemblies. In 2022, it was recognized as a national-level 'Specialized, Refined, Differential, and Innovative' (SRDI) Small Giant Enterprise.

The company's automotive lighting products have been applied in multiple popular models from car brands such as SAIC-GM-Wuling, GAC Aion, GAC Trumpchi, Dongfeng Nissan, and SAIC Volkswagen. After years of continuous R&D investment and technological innovation, the company has become a strategic core supplier for SAIC-GM-Wuling thanks to its rapid R&D capabilities and supporting supply capacity, and has successively developed leading assembly plant clients such as Valeo and Huayu Vision.

Building on its automotive lighting system business, Tongbao Optoelectronics drives innovation to continuously explore new business segments in automotive electronics. Taking the EPS controller as a breakthrough point, the company successfully entered the electronic control system field in 2022 and has continued to develop and reserve new products such as body domain controllers; in the energy management system field, the company's key R&D product, the CDU charging and distribution assembly, entered mass production in 2024, and charging gun products have also secured project nominations. Further iterations and optimizations will be carried out subsequently to enrich specifications and model types, thereby expanding business scale.

Source: Tongbao Optoelectronics Prospectus

As of the end of June 2025, the company has obtained a total of 79 patents, including 18 invention patents. It led the drafting of the industry standard "Automotive Light-emitting diode (LED) and modules" (QC/T1038-2016).

本次IPO，通宝光电募集资金总额3.04亿元，主要投向新能源汽车智能LED模组、充配电系统及控制模块项目。

公司2023-2025年营业收入分别为5.29亿元、5.88亿元、7.17亿元；净利润分别为6225万元、8309万元、8005万元。

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久祥科技喜获新三板挂牌

On February 3, the National Equities Exchange and Quotations (NEEQ) announced that Hubei Jiuxiang Electronic Technology Co., Ltd. (abbreviated: Jiuxiang Tech) has received a letter of approval from the NEEQ to list on the New Third Board, becoming another enterprise approved for listing on the New Third Board.

According to available data, Jiuxiang Tech focuses on the R&D, production, and sales of LED semiconductor packaging substrates, holding qualifications such as Hubei High-Tech Enterprise, Specialized and New Enterprise, and "Golden Seed" enterprise for future IPO.

As a high-tech enterprise deeply engaged in the field of LED semiconductor packaging substrates, Jiuxiang Electronics was established in Dongbao District, Jingmen City, Hubei Province in 2016. Leveraging its advanced technology and intelligent manufacturing capabilities, it broke through with micro-power LED packaging substrates capturing 60% of the niche market share, achieved a 40% increase in production capacity through equipment iteration, and simultaneously drove the agglomeration of upstream and downstream enterprises, helping to form an LED packaging and testing industrial cluster.

The company's service clients cover many enterprises in the LED semiconductor packaging industry, including MLS, Sanan Optoelectronics, Xinyi Optoelectronics, Xiejin Semiconductor, Yijingyuan Optoelectronics, Xiangguan Optoelectronics, etc. At the same time, the company's supply chain team maintains good cooperative relationships with major brand owners and well-known agents, such as Corel Micro Equipment, Weijia Technology, Foster, Yinghua New Materials, Younai Copper Materials, Ningbo Shenhua Chemicals, Shengyi Technology, etc.

In 2023, 2024, and January-April 2025, the company's revenue was 95.4869 million yuan, 133.3181 million yuan, and 43.8661 million yuan respectively, and net profit was 6.8636 million yuan, 12.6533 million yuan, and 3.7146 million yuan respectively.

Juxiang Technology stated that it will rely on technology and industry supply chain resources to continue R&D and production in the field of LED semiconductor packaging substrates, and further expand capital market channels by listing on the New Third Board.