Shanghai Stock Exchange STAR Market
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- Xihe Technology Completes STAR Market IPO Registration
TMTPost, citing Chuangye Zuiqianxian, reported that Xihe Technology completed registration for an IPO on the Shanghai Stock Exchange’s STAR Market. The silicon-photonics chip supplier said revenue increased more than 73-fold from 2023 to 2025, but its prospectus also identifies customer and supplier concentration, weak operating-cash-flow stability, and competition from customers developing chips in-house as material concerns.
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