Wenfeng Optoelectronics IPO registration takes effect, plans to increase business in optoelectronic components and other businesses

On September 14, Huainan Wenfeng Optoelectronics Technology Co., Ltd. issued an announcement on the progress of applying for a public issuance of shares and listing on the Beijing Stock Exchange and suspension of trading.

The announcement stated that on September 11, the company received an approval from the China Securities Regulatory Commission on August 27, 2026, approving the company’s registration application for public issuance of stocks to unspecified qualified investors. The approval was valid for 12 months from the date of approval of registration.

Wenfeng Optoelectronics was established in 2007, formerly known as Huainan Wenfeng Aerospace Cable Co., Ltd., and was changed to a joint-stock company in 2022. The company is currently located in the Economic and Technological Development Zone of Huainan City, Anhui Province. It is mainly engaged in the research and development, production and sales of high-performance, high-reliability special cables and optoelectronic components. The products cover nearly 50 series, more than 400 categories and thousands of specifications, and are used in aviation, aerospace, weapons, electronics, shipbuilding, nuclear industry and other fields.

From the perspective of business structure, Wenfeng Optoelectronics still focuses on special cables. The company's products are mainly oriented to the military industry and carry out technological research and development around electrical performance, lightweight, high and low temperature resistance, mechanical properties, flexibility, voltage resistance, flame retardant, corrosion resistance, radiation resistance and electromagnetic interference resistance. The company has 71 patents, including 27 invention patents.

In 2025, the company will achieve operating income of 229.7679 million yuan, a year-on-year increase of 18.41%; net profit of 70.981 million yuan, a year-on-year increase of 22.11%. Among them, the cable business revenue is approximately 191 million yuan, accounting for 84.83% of the operating revenue, the optoelectronic component revenue is approximately 25.17 million yuan, accounting for 11.2%, and the assembly and testing service revenue is approximately 8.91 million yuan.

In the first half of 2026, Wenfeng Optoelectronics achieved operating income of 169 million yuan, a year-on-year increase of 26.59%; the net profit attributable to shareholders of the listed company was 54.9292 million yuan, a year-on-year increase of 12.97%. Among them, cable products achieved revenue of 152 million yuan, a year-on-year increase of 34.32%, accounting for 89.53% of the operating income in the first half of the year, becoming the main source of income; optoelectronic component revenue was 14.5149 million yuan, a year-on-year decrease of 7.97%; assembly and testing service revenue was 1.2642 million yuan, a year-on-year decrease of 70.87%.

In 2026, the IPO process of Wenfeng Optoelectronics will be further accelerated. The company was accepted by the Beijing Stock Exchange on December 31, 2025, and entered the inquiry stage in January 2026; the review was suspended on March 31 due to supplementary audit matters due to the expiration of the financial report, and the review was resumed on April 20; it passed the review of the Beijing Stock Exchange Listing Committee on July 10, submitted for registration on July 20, obtained the registration approval from the China Securities Regulatory Commission on August 27, and entered the registration stage in September.

In this IPO, Wenfeng Optoelectronics originally planned to raise approximately 277 million yuan. In June 2026, the company adjusted the amount of investment projects and raised funds. The total planned investment was adjusted to 224 million yuan, which will be used for aerospace lightweight cable expansion projects, special comprehensive cable and optoelectronic component expansion projects, and R&D center construction projects.

Among them, RMB 64.4896 million is planned to be invested in the aerospace lightweight cable expansion project, RMB 102 million is planned to be invested in the special comprehensive cable and optoelectronic component expansion project, and RMB 58.2497 million is planned to be invested in the R&D center construction project.