After many twists and turns, Guodun Quantum's IPO registration on the Science and Technology Innovation Board was approved by the China Securities Regulatory Commission

Recently, the China Securities Regulatory Commission approved the registration of the initial public offering of stocks on the Science and Technology Innovation Board of the following companies in accordance with legal procedures: KUST Guodun Quantum Technology Co., Ltd. and Nanjing Diwell High-end Manufacturing Co., Ltd. The above-mentioned companies and their underwriters will negotiate with the Shanghai Stock Exchange to determine the issuance schedule and publish prospectuses in succession.

It is worth noting that it took only eight months for Guodun Quantum, the "first quantum communication stock", to go from being accepted for IPO on the Science and Technology Innovation Board to passing the review and then submitting for registration. Subsequently, the Shanghai Stock Exchange issued three rounds of inquiry letters. After completing multiple inquiries and responses, Guodun Quantum submitted for registration again on June 2 this year and was approved by the China Securities Regulatory Commission.

The prospectus disclosed that Guodun Quantum is mainly engaged in the research and development, production, sales and technical services of quantum communication products. It systematically provides software and hardware products for the construction of various optical fiber quantum secure communication networks and integrated satellite-ground wide-area quantum secure communication ground stations, and provides networking and quantum security application solutions for industries and fields such as government affairs, finance, electricity, and national defense.

As the first enterprise in my country to engage in the industrialization of quantum communication technology, Guodun Quantum's technology originated from the quantum information research team of the Hefei National Research Center for Microscale Physical Sciences of the University of Science and Technology of China. Facing the world's technological frontiers, the main economic battlefield and major national needs, the company adheres to the overall layout of "pre-research, development and production of one generation", and carries out continuous research based on a high-level R&D team and advanced R&D platform. The company currently has the foundation and ability to break through key core technologies, master the core technology of practical quantum secure communication with independent intellectual property rights, and has 194 domestic and foreign quantum technology-related patents and a number of non-patent technologies. It has successively undertaken the 863 plan projects of the Ministry of Science and Technology, several provincial and municipal independent innovation projects, and provincial and municipal major science and technology projects.

According to the latest prospectus, from 2017 to 2019, Guodun Quantum's operating income was 284 million yuan, 265 million yuan, and 258 million yuan respectively; the net profit was 74.3145 million yuan, 71.8914 million yuan, and 49.0093 million yuan respectively.

This time, Guodun Quantum plans to raise 304 million yuan to invest in quantum communication network equipment projects and R&D center construction projects.

Guodun Quantum stated that the company will focus on the national information security development strategy, take "technology drives the market, products lead demand, and services create value" as its business philosophy, focus on the field of quantum information, and adhere to the development path of "technological innovation, product innovation, and service innovation". With the development goal of "building a world-class quantum technology company", it strives to realize the strategic vision of "protecting every bit with quantum technology."