Brand VerifiedChina

Ningbo Yongxin Optics Co., Ltd.

NOVEL

Ningbo Yongxin Optics Co., Ltd. is a Chinese optical instrument manufacturer listed on the main board of the Shanghai Stock Exchange under ticker 603297, registered at No. 169 Mujin Road, Ningbo National Hi-tech Industrial Development Zone, Zhejiang. That address comes from the company's own registration announcement; the document's address of No. 999 Yangfan Road in the Ningbo high-tech zone is incorrect, and that street name appears nowhere in the annual report. The joint-stock company was established on 21 February 1997 with unified social credit code 91330200610279184B. The 1997 founding year is right; VerityRank could not confirm the document's 1958 predecessor date, and Yongxin's own website counts its heritage from 1943. Scale is reported precisely. Fiscal 2025 revenue was RMB 965 million, up 8.25%, with net profit attributable to shareholders of RMB 220 million, up 5.41%, profit excluding non-recurring items of RMB 184 million and a gross margin of 39.28%. Interim 2026 revenue reached RMB 564 million, up 28.00%, though net profit fell 11.80% on currency movements. The document's full-year range of RMB 880 million to 1.05 billion is broadly right, but its claim that domestic sales exceed 60% is wrong: domestic revenue was 50.95%, overseas 46.78%. The education exposure must be stated honestly. Yongxin is primarily an optics manufacturer, not a teaching-equipment company. In 2025 optical components and modules produced RMB 584 million, or 60.46% of revenue, while the entire microscope business produced RMB 358 million, or 37.27%. Within microscopes the lines are life science, materials science, clinical medicine, OEM/ODM and microscopy teaching, so teaching microscopy is a subset of that 37.27%. Most output serves industry instead: barcode and machine-vision optics, where it reports the world's largest shipment volume for core components, plus lidar and medical optics. Manufacturing is substantial. Yongxin states its manufacturing base exceeds 170,000 m², and its 2026 interim report confirms that a new 78,000 m² research and intelligent-manufacturing campus in Ningbo entered production, so the document's 78,000 m² figure is accurate for that campus, not the whole group. A Vietnam plant began construction and a Singapore subsidiary was established. Reported capacity is over 20 million optical components and over 100,000 microscopes a year; the document's claim of over 400,000 education and research microscopes and optical instruments is not supported. Headcount differs sharply. Yongxin had 1,365 employees at 31 December 2025, 956 at the parent and 409 at subsidiaries, with 713 in production, 334 technical, 159 sales and 142 administrative. The document's 1,800 to 2,200 is overstated. Research spending was RMB 93.44 million, 9.68% of revenue. On branding the document is half right. NOVEL is a long-standing Yongxin export brand, used on microscopes such as the NOVEL N-300M; the company's current website assigns Novel Optics to components and Nexcope to microscopes. The claim that NOVEL and Motic together hold a very high share of global education procurement is wrong: Motic is a separate competitor. Yongxin is a listed manufacturer and a national single-item champion for optical microscopes, but it is not a Fortune Global 500 company.

Business Nature

Yongxin Optics manufactures across two linked businesses. The optical microscope business builds complete instruments, while the larger optical components business makes lens elements, modules and sub-assemblies for other manufacturers. Both run through one chain: lens grinding and polishing, coating, precision machining and optical assembly. Capacity is measured in millions of parts. The company reports more than 20 million optical components and more than 100,000 microscopes a year from a base it puts at over 170,000 m². A new 78,000 m² Ningbo campus came into production in 2026, and a Vietnam plant broke ground. Operationally it is a contract-critical supplier: barcode scanning core optical components are the global shipment leader, at roughly 40% gross margin, and the company has moved from component supply into higher-value module solutions. Automotive lidar and medical optics are growth lines. Headcount was 1,365 at the end of 2025, with 713 in production, 334 technical and 159 in sales. Research spending was RMB 93.44 million, or 9.68% of revenue. Education remains a small part of that industrial base, alongside its industrial optics lines.

Core Business Areas

Optical Components & Modules – 60.46% of FY2025 revenue
• Barcode scanning core optical components, reported world leader in shipment volume
• Automotive lidar optics for global tier-one and lidar makers
• Medical optics: endoscope components and surgical-microscope optics
• Semiconductor lithography and metrology optics, and space laser-communication optics

Optical Microscopes – 37.27% of FY2025 revenue; national single-item champion
• Life-science and materials-science research microscopes
• Microscopy teaching microscopes for schools, colleges and universities
• Clinical microscopes and high-end confocal research systems
• OEM/ODM microscope manufacturing for international instrument brands

Teaching Optics Brands – the education-facing identity
• NOVEL / Novel Optics, the export and optics brand, used on models such as the N-300M
• Nexcope, the microscope brand used on the company's current website

Industry Rankings

8Top 10 Educational Laboratory Instruments Manufacturers

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—Top 10 Educational Laboratory Instruments Brands

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Corporate Report

Ningbo Yongxin Optics Co., Ltd. is a Chinese optical instrument manufacturer listed on the Shanghai Stock Exchange as 603297, registered at No. 169 Mujin Road in the Ningbo high-tech zone and established on 21 February 1997. It earned revenue of RMB 965 million and net profit of RMB 220 million in fiscal 2025, and it holds the national manufacturing single-item champion title for optical microscopes. VerityRank ranks it in the Top 10 Educational Laboratory Instruments Manufacturers as the strongest listed maker of teaching optics, while recording that education is a minority of its turnover.

Industry Position

Yongxin is a scientific-instrument and precision-optics manufacturer, not a laboratory furniture supplier. Its two reported segments are optical components and modules, which produced RMB 584 million or 60.46% of 2025 revenue, and optical microscopes, which produced RMB 358 million or 37.27%. The remaining share is other optics. It is the world's largest shipper of core optical components for barcode scanning and machine vision, at roughly 40% gross margin on that line, and a partner to major automotive lidar makers.

In teaching optics the company is a serious force. It is a national manufacturing single-item champion demonstration enterprise for optical microscopes, operates a national enterprise technology centre and a post-doctoral research station, and reports more than 5% share of the import-substitution market for high-end microscopes in China, a segment long dominated by foreign brands. Its current website lists microscopy teaching as one of five microscope application lines.

Competitive Advantages

The first advantage is vertical optical manufacturing. Yongxin reports a manufacturing base of more than 170,000 m², with lens grinding, coating, precision mechanical machining and optical assembly under its own control, producing more than 20 million components and more than 100,000 microscopes a year. Its 2026 interim report confirms that a new 78,000 m² research and intelligent-manufacturing campus in Ningbo entered production, and that a Vietnam plant broke ground.

The second is that education rides on industrial volume. The same optical design, coating and assembly base that serves barcode scanning, lidar and medical endoscopes also supplies teaching microscopes, so a school buyer gets components engineered for demanding industrial customers. Branding is split accordingly: NOVEL and Novel Optics carry the export and component identity, including NOVEL-branded microscopes such as the N-300M, while Nexcope is the microscope brand on the company's current site.

Strategic Expansion

Growth is coming from outside education. Interim 2026 revenue rose 28.00% to RMB 564 million, with optical components up 45.75% to RMB 386 million while microscopes grew only 3.13% to RMB 170 million. The company is pushing high-end confocal and research microscopes for domestic substitution, medical optics including endoscope components and surgical-microscope optics, semiconductor lithography and metrology optics, and space laser-communication optics.

Geographically the balance has shifted inward. Domestic revenue reached 50.95% in 2025 against 46.78% overseas, and the company added a wholly owned subsidiary in Singapore while building in Vietnam, which suggests it intends to serve international customers from lower-cost capacity rather than only from Ningbo.

Risks & Outlook

The dominant risk is that education is small. Microscopes are 37.27% of revenue, and teaching microscopy is one sub-line among life science, materials science, clinical medicine and OEM/ODM work, so school and college demand is a low single-digit share of the group. Yongxin's fortunes are set by barcode scanning, lidar, medical optics and semiconductors, not by school laboratories. Interim net profit fell 11.80% despite the revenue surge, on currency movements.

Ordinary governance and market risks apply. The company reduced its share count in a 2026 registration change and depends on customer concentration among global optical leaders. Against that, it is profitable, carries modest debt and is investing through a downturn. Documentation errors were corrected here: the registered address is No. 169 Mujin Road rather than No. 999 Yangfan Road, headcount is 1,365 rather than 1,800 to 2,200, and annual microscope output is over 100,000 units rather than 400,000. Yongxin earns a VerityRank Score of 83/100.

VerityRank Score

83/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Ningbo, Zhejiang, China

Founded

1997

Employees

1,365 at 31 December 2025, per the company's annual report: 956 at the parent and 409 at principal subsidiaries, comprising 713 production, 334 technical, 159 sales, 142 administrative and 17 finance staff. The Chinese research document's figure of 1,800 to 2,200 is not supported by the filings

Revenue

Audited FY2025 (year ended 31 December 2025): revenue RMB 965 million, up 8.25%; net profit attributable to shareholders RMB 220 million, up 5.41%; profit excluding non-recurring items RMB 184 million; gross margin 39.28%. Interim 2026: revenue RMB 564 million, up 28.00%; net profit RMB 95.52 million, down 11.80%. The research document's range of RMB 880 million to 1.05 billion for the full year is broadly correct

Factories

Ningbo Yongxin Optics manufactures in Zhejiang, China, where its registered plant at No. 169 Mujin Road in the Ningbo high-tech zone anchors a manufacturing base the company puts at more than 170,000 m² and where a new 78,000 m² research and intelligent-manufacturing campus entered production during 2026, supported by a Vietnam production base under construction and a wholly owned subsidiary in Singapore.

Listing

Listed on the main board of the Shanghai Stock Exchange, ticker 603297 (603297.SH); legal representative Mao Lei

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: Official Website , Yongxin Optics About · cninfo Registration Announcement (Registered Address) · FY2025 Results (RMB 965M Revenue) · Segment Split (Components 60.46%) · 2026 Interim MD&A (78,000 m² Campus) · Employees 1,365

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