Siyi Technology's ChiNext IPO Approved, Electronic Measurement Instrument Sector Welcomes New Player

Siyi Technology's ChiNext IPO Approved by Listing Committee

According to 36Kr, Siyi Technology's ChiNext IPO has been approved by the listing committee, bringing the company one step closer to officially listing on the A-share market. This means the domestic electronic measurement instrument sector is about to welcome a new publicly traded company, injecting fresh capital into China's drive for self-sufficiency in high-end scientific instruments.

Company Overview: Deep Expertise in Electronic Measurement Instruments

Siyi Technology originated from the 41st Research Institute of China Electronics Technology Group Corporation (CETC) and is one of the core enterprises in China's electronic measurement instrument sector. The company primarily engages in the R&D, manufacturing, and sales of microwave and millimeter-wave, optoelectronic, communication, and general-purpose electronic measurement instruments. Its products are widely used in critical fields including telecommunications, semiconductors, aerospace, and defense.

As one of the few domestic companies capable of providing high-end electronic measurement instruments, Siyi Technology has built strong technical expertise in core product lines such as signal analyzers, signal generators, and network analyzers, with some products achieving performance levels on par with international standards.

Industry Context: Vast Potential for Domestic Substitution

The global electronic measurement instrument market has long been dominated by international giants such as Keysight Technologies, Rohde & Schwarz, and Anritsu, with China maintaining a high degree of import dependence for high-end instruments. Against the backdrop of intensifying international technology competition, the strategic importance of domestically replacing electronic measurement instruments — often called the "eyes of industry" — cannot be overstated.

With the rapid development of emerging technologies such as 5G/6G communications, AI chips, and satellite communications, demand for high-performance measurement instruments continues to grow. Advanced electronic measurement equipment is particularly indispensable in high-performance chip testing processes that underpin AI large model training and inference. Siyi Technology's listing is expected to provide more robust funding for its technology R&D and capacity expansion.

Significance for the Capital Market

Siyi Technology's decision to list on the ChiNext board reflects the capital market's sustained support for "hard tech" enterprises. In recent years, domestic electronic measurement instrument companies such as Rigol Technologies and Siglent Technologies have successively listed on the A-share market, forming an initial cluster of industry capital. Siyi Technology's addition will further enrich the roster of listed companies in this sector and offer investors more opportunities to participate in the domestic instrument industry chain.

Future Outlook

Following the successful approval, Siyi Technology has only procedural steps such as registration remaining before officially commencing trading. After listing, whether the company can leverage capital to accelerate product iteration, expand market share, and further narrow the gap with international giants will be a key focus for the market. Against the backdrop of rapid growth in the AI and semiconductor industries, the domestication of high-end electronic measurement instruments remains a trend worthy of sustained attention.