09,05,2026 7 views
On the morning of September 10th, as the listing bell rang on time at the Shenzhen Stock Exchange, China Electronics Technology Co., Ltd. (stock code: 301689, abbreviated as "Electronics Technology") officially landed on the ChiNext board and successfully entered the A-share capital market, marking the beginning of a new journey of high-quality development for this "national team" hardcore technology enterprise in the field of electronic measuring instruments in China, leveraging the capital track. On the first day of listing, the company's stock price experienced a strong surge, with an opening price increase of 243.75% and a quoted price of 55.00 yuan per share, corresponding to a total market value of 51 billion yuan for the company.
From the core data of this issuance, the stock issuance price of Dianke Siyi is 16.0 yuan/share, with a total issuance of 102 million shares and a P/E ratio of 44.81 times, which is lower than the industry average P/E ratio level and has sufficient room for valuation improvement. Among them, the online issuance volume was 24.4965 million shares, and the compliant issuance structure laid the foundation for the stable development of the enterprise capital market. According to the opening price on the first day of trading, investors can earn a floating profit of about 19500 yuan by winning 500 shares, bringing substantial returns to the winning investors on the first day of listing. The total amount of funds raised in this IPO is 1.633 billion yuan, and after deducting various issuance expenses, the net amount raised is 1.544 billion yuan. The abundant capital reserves will provide solid support for the enterprise's technological iteration, capacity expansion, and industrial landing.
According to the publicly disclosed fundraising plan, the funds raised this time will be precisely focused on the development of the main business, with a focus on four core areas to comprehensively consolidate the company's industry position. Firstly, invest in the renovation and expansion of high-end electronic measuring instrument production lines, optimize production processes, increase production capacity, and solve the problem of shortage of high-end instrument production capacity; Secondly, we will deeply cultivate the research and industrialization of new generation mobile communication testing, focus on cutting-edge technologies such as 6G and 5G, and seize the industry opportunities in the field of communication testing; Thirdly, promote the construction of technology innovation centers, build specialized and high-end research and development platforms, and continuously strengthen the ability to independently tackle core technologies; Fourthly, supplement the company's working capital, optimize the financial structure of the enterprise, and ensure the stable implementation of daily operations, market expansion, and subsequent R&D investment. The capital empowerment after this listing not only helps Dianke Siyi break through the bottleneck of industrial development, but also strongly drives the upgrading of Qingdao's high-end equipment, electronic information and other hard core technology industry clusters, empowering the high-quality development of regional science and technology innovation industries.
Dianke Siyi, backed by China Electronics Technology Group Co., Ltd., is a state-owned high-tech enterprise directly under the central government and a core force in China's electronic measuring instrument industry. Having been deeply involved in the field of electronic testing and measurement for decades, the company has grown into a domestic electronic measuring instrument R&D and manufacturing enterprise with a wide range of product categories, wide spectrum coverage, and strong comprehensive strength, relying on its profound technological accumulation and continuous innovation investment. Its comprehensive strength ranks first in the domestic industry and it is one of the few local enterprises in China that can benchmark international leading manufacturers in multiple aspects, breaking the long-term monopoly pattern of overseas brands in the high-end electronic measuring instrument field.
The company's main business layout is comprehensive and precise, with a core focus on four major instrument categories: microwave/millimeter wave measuring instruments, optoelectronic measuring instruments, communication measuring instruments, and basic general measuring instruments. At the same time, it deeply cultivates the research and development, production, and sales of automatic testing systems and core components. The product has stable performance and advanced technology, and is widely and deeply applied in key national strategic fields such as aerospace, satellite communication, Beidou navigation, high-end semiconductors, 6G cutting-edge communication, scientific research and education, intelligent manufacturing, etc. It is an indispensable core supporting enterprise for China's high-end equipment manufacturing and cutting-edge technology research and development, providing key testing support for many national level major scientific research projects.
As a national level hard core scientific and technological innovation enterprise, Dianke Siyi has always adhered to the development path of independent innovation and technological self-reliance, and regards research and development innovation as the core driving force for development. The company's R&D team has strong strength, with over half of the personnel being R&D personnel, and a high-quality team of scientific research talents providing core support for technological iteration. Long term high-intensity R&D investment has enabled the company to achieve multiple key technological breakthroughs, and numerous core technologies have successfully filled the gaps in the domestic industry. Among them, core technologies such as microwave and millimeter wave measurement have reached the international advanced level, and the comprehensive innovation capability is industry-leading. With strong technical strength and industry status, the company has successfully been selected as a national level manufacturing industry champion and is a benchmark scientific and technological innovation enterprise in the field of electronic measuring instruments in China.
In terms of scientific research achievements, the company has achieved fruitful results in innovation and profound technological accumulation. As of now, the company has obtained a total of 584 authorized patents, including 541 highly valuable invention patents, with a solid barrier to independent intellectual property rights. At the same time, the company actively undertakes major national scientific research tasks, leading and participating in more than 300 national, provincial and ministerial level major scientific research projects, related core technologies and testing results, and continuously providing accurate and reliable key testing support for more than 300 national major scientific research projects such as manned spaceflight and lunar exploration. It is an important "invisible support force" behind China's high-end science and technology projects.
At the level of business performance, the company has achieved sustained and steady growth in performance with outstanding growth attributes, relying on advanced technology, a comprehensive product system, and a vast downstream market. Financial data shows that the company's net profit attributable to the parent company from 2023 to 2025 was 189.8706 million yuan, 274.5888 million yuan, and 438.2116 million yuan, respectively. The net profit has been significantly increasing year by year, and the profit growth rate has continued to rise; In the first half of 2026, the net profit attributable to the parent company has reached 166.7596 million yuan, continuing the steady upward trend. The profitability and operational stability continue to improve, fully demonstrating the growth resilience and development potential of hardcore technology enterprises.
The successful listing on the ChiNext board and the strong surge on the first day of listing are not only highly recognized by the capital market for the core technology, industry status, and growth potential of Dianke Siyi, but also fully demonstrate the long-term outlook of the domestic capital market on the localization of high-end instruments and the path of technological self-reliance and self-improvement. In the future, Dianke Siyi will leverage the empowerment of the capital market, continue to deepen its main business in electronic measuring instruments, increase its efforts in core technology research and development, accelerate the localization and replacement of high-end products, continuously break through overseas technological barriers, and help China's high-end electronic testing and measurement industry develop with high quality, continuously empowering the country's scientific and technological self-reliance and self-improvement.
Risk Warning: This article is based on the announcements and public information of listed companies and does not constitute investment advice. The market is risky, and investment needs to be cautious.
