The IPO scheme of Guangdong Hongjing Optoelectronic Technology Inc on the Shenzhen Stock Exchange Growth Enterprises Market was approved on October 14.

The company plans to raise 488 million yuan through the IPO, which will be used for the capacity expansion project of optical lenses and modules, the construction of the R&D center, and increasing circulating funds.

Located in Zhongshan's Torch High-tech Zone, Hongjing is a high-tech enterprise engaging in the R&D, design, production and marketing of optical lenses and camera modules. The company is committed to providing professional optical imaging and video image solutions to global clients.

After years of development, Hongjing's products have been applied in well-known brands at home and abroad, including Daimler-Benz, Nissan, Honda, Chery, BYD, Geely, Great Wall, Aion, Nio and XPeng.