Source: Laserfair.com  10^th Aug 2026

In the height of summer 2026, the laser industry's capital market is scorching hot, as multiple laser manufacturers make a dense push to list on the Beijing Stock Exchange (BSE) or land on the National Equities Exchange and Quotations (NEEQ).

Several manufacturers are queuing for IPOs at the BSE: Inngu Laser has disclosed a BSE listing plan of nearly RMB 340 million; Senfeng Laser will appear before the listing committee on August 7, racing to become Jinan's first listed laser company; and Jiatai Laser's IPO application has been accepted. Meanwhile, Move Laser, Hitronics Technology and Fran Optics have collectively listed on NEEQ, using the platform for financing and compliance. Some companies even launched BSE tutoring within less than a week of their NEEQ listing.

BSE "Reserve Team": Three Laser Makers Charge Forward Together

The Beijing Stock Exchange (BSE) has become the primary venue for Chinese laser companies going public, with several leading manufacturers queuing up for IPOs at varying stages.

On August 4, Suzhou Inngu Laser Technology Co., Ltd. officially disclosed its BSE listing proposal, planning to issue no more than 11.5 million shares and raise approximately RMB 338 million for projects including high-performance solid-state laser production and R&D center construction. This national-level "little giant" enterprise posted 2025 revenue of RMB 206 million, up 48.22% year on year, while net profit surged 108.95% to RMB 57.72 million.

Close behind, on August 7, Jinan Senfeng Laser will appear before the BSE listing committee for review. If approved, it will become Jinan's first listed laser company. Senfeng Laser reported 2025 revenue of RMB 1.467 billion and net profit attributable to the parent of RMB 97.94 million, a year-on-year decline that reflects the typical pattern of rising revenue without rising profit.

In addition, on July 14, the BSE accepted the IPO application of Zhejiang Jiatai Laser, which plans to raise about RMB 400 million. A veteran in the industry since 2002, Jiatai Laser posted 2025 revenue of RMB 925 million and net profit of RMB 78.63 million.

With these developments, the BSE's laser IPO "reserve team" now stands as a three-way race. All three companies are national-level "little giant" enterprises — their technical barriers, leading positions in niche markets and strong earnings growth form the trump cards behind their push toward the BSE.

NEEQ as a "Training Ground": Three Laser Firms List First, Then Gather Strength

Beyond the companies racing toward the Beijing Stock Exchange (BSE), a group of laser firms is choosing to first land on the National Equities Exchange and Quotations (NEEQ), using it as a "training ground" for compliance and financing before full capitalization.

In the summer of 2026, the NEEQ's laser segment is just as lively. On July 28, Nanjing Move Laser officially listed on the NEEQ base Layer. Born out of the Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences, and the Nanjing Institute of Advanced Laser Technology, the company is a leader in China's wind lidar sector — the first to achieve annual sales exceeding 1,000 units and the first to participate in the formulation of IEC international standards. In 2025, it posted revenue of RMB 521 million, net profit attributable to the parent of RMB 49.28 million, and a gross margin as high as 41.22%.

Also debuting in late July was Fuzhou Fran Optics, which listed on the NEEQ Innovation Layer on July 31, becoming the first enterprise in Fujian Province in 2026 to land on NEEQ through the "specialized board incubation + green channel" model. With more than two decades of expertise in optical curved-surface micro-nano processing, the company ranks second in China's domestic market for HUD free-form mirrors and has entered the supply chains of BYD, Bosch and others.

Fujian Hitronics Technology, meanwhile, returned to the public eye in a different manner. After withdrawing its previous application from the STAR Market, it received approval to list on NEEQ in July 2026, along with a private placement raising RMB 40.29 million. Hit by the bankruptcy of core customer Luminar and other shocks, its 2025 net profit plunged to RMB 13.88 million. This listing looks more like a move to "gather strength" — using NEEQ to buy one to two years to repair performance and optimize its customer structure.

"Board Transfer" in Progress: The Fast Track from NEEQ to BSE

Notably, "starting on NEEQ, breaking through on BSE" has become a common capital route for many laser technology companies. A number of enterprises have made their intentions clear after listing, aiming directly at the BSE.

Move Laser is a typical example. It listed on the NEEQ base Layer on July 28 and, just three days later, signed a BSE listing tutoring agreement with Nanjing Securities. On July 31, it submitted its tutoring filing to the Jiangsu Securities Regulatory Bureau. Hitronics Technology, meanwhile, withdrew from the STAR Market but explicitly applied the BSE direct-link review mechanism upon its NEEQ listing, effectively locking in the "NEEQ to BSE" route in advance.

In fact, NEEQ is accelerating the flow of "fresh blood" to the Shanghai, Shenzhen and Beijing stock exchanges, having become the BSE's most important "reservoir." According to relevant data, as of the end of July 2026, a cumulative total of 911 companies had moved from NEEQ to the Shanghai, Shenzhen, Beijing and Hong Kong exchanges. Among the BSE's current pipeline, 53 companies have already passed listing committee review and are awaiting listing.

The dense influx of laser companies this time is both an endorsement of this channel and a reflection that, boosted by the "specialized and innovative" policy, the laser sector is in an accelerated phase of capitalization.

Going forward, as the linkage mechanism between BSE and NEEQ continues to improve, more hidden champions in laser sub-sectors are expected to embark on the capitalization path.