High-speed copper cable supplier Anlan Wanjin has been inquired for its IPO on the Shanghai Stock Exchange main board, with product terminals mainly applied to Nvidia, Alphabet, and others

According to the Zhitong Finance APP, on July 1st, Jiangsu Anlan Wanjin Electronics Co., Ltd. (referred to as: Anlan Wanjin) applied for a change in the listing review status on the Shanghai Stock Exchange main board to "inquired," with Dongfang Securities as its sponsor, aiming to raise 1.2 billion yuan.

According to the prospectus, the company focuses on the research, development, production, and sales of high-speed electronic wires and special wires for data communication, mainly serving application scenarios such as high-speed interconnection in data centers and precision connections in consumer electronics. The company's main products include data center high-speed communication cables represented by single-channel transmission rates of 112Gbps and 224Gbps, ultra-fine special wires for consumer electronics, and electroacoustic components. The company is committed to providing high-frequency and high-speed copper connection solutions through structural design, process optimization, process upgrades, and equipment iteration, designing and efficiently delivering core products with faster rates, higher bandwidth, lower latency, lower loss, and stronger signal integrity to meet the continuously increasing computing power transmission demands of data center servers. Currently, the company's single-channel 112Gbps and 224Gbps high-speed copper cable products have achieved large-scale mass production and occupy a significant market share, while actively conducting research and development of single-channel 448Gbps and above transmission rate high-speed copper cable products, with some 448Gbps products successfully developed and samples sent to key customers.

The company has established a product matrix of "high-speed copper cables + special wires + electroacoustic components" and has strategically expanded its optical connection business layout. Relying on industry-leading adaptive design capabilities, self-developed core equipment iteration capabilities, synchronized collaborative testing fixture development capabilities, and deep industry resource accumulation, the company continues to delve into application fields such as data transmission cables and consumer electronics cables, providing comprehensive solutions for downstream customers across all scenarios.

With profound insights into industry development trends and forward-looking strategic layouts, as well as years of experience and technical accumulation in ultra-fine special wires, the company began to lay out the research and development of high-speed copper cables for traditional data center servers in 2019, becoming one of the first domestic companies to successfully develop PCIe5.0 high-speed copper cables, and subsequently one of the earliest companies in China to successfully develop single-channel 112Gbps and 224Gbps high-speed copper cables and achieve large-scale mass production. The company's product categories are complete, performance is stable, and quality is reliable, with overseas core customers covering Amphenol, Molex, TE Connectivity, and other global leading providers of comprehensive copper connection solutions, providing key component support for high-speed interconnection in global servers and deeply participating in the construction of the global AI server supply chain system; major domestic customers include Qinghong Electronics, Huafeng Technology, and other core backbone enterprises in high-speed connectors and cable components, providing high-performance and high-reliability core support for the domestic AI server industry.

The company's products are mainly applied in global computing power service providers such as NVIDIA, Huawei, Google, and global consumer brand manufacturers such as Apple, Samsung, and Belkin, achieving widespread application in multiple fields including data centers, AI computing clusters, consumer electronics, smart vehicles, industrial intelligence, and smart home appliances.

The company's high-speed communication cables have achieved a single-channel transmission rate of 224Gbps, which is currently the highest transmission rate level that can be mass-produced in the industry, and have developed single-channel 448Gbps products and sent samples to key customers, with technology levels at a leading position globally in the industry The company has now developed into a core supplier of high-speed copper cables for data centers globally. In 2024 and 2025, the company's revenue from high-speed copper cable business is expected to reach 266 million yuan and 997 million yuan, with market shares in the global data center high-speed copper cable market of 4.19% and 8.42%, respectively.

In terms of finance, for the fiscal years 2023, 2024, and 2025, the company achieved operating revenues of approximately 284 million yuan, 524 million yuan, and 1.299 billion yuan, respectively; during the same period, net profits were approximately 17.0624 million yuan, 76.7365 million yuan, and 243 million yuan, respectively.