Core Viewpoint - Yunhan Chip City successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 30, with a significant first-day performance, indicating strong market recognition of its innovative service model and technological capabilities in the electronic manufacturing supply chain [1][3]. Company Overview - Yunhan Chip City is a well-known B2B supply chain platform in the electronic components vertical, focusing on enhancing the efficiency of the electronic industry chain through internet technology [4]. - The company has integrated thousands of high-quality supplier resources globally, creating a comprehensive database with over 44 million electronic component SPUs, serving over 158,000 enterprise customers [4]. Market Performance - On its first trading day, Yunhan Chip City's stock opened at 120 CNY per share, reaching a peak increase of 425.93%, and closing at 116.8 CNY, reflecting a 332.59% rise [1]. - The company reported a net profit of 88.33 million CNY for the full year of 2024, a year-on-year increase of 12.39%, and a net profit of 54.05 million CNY for the first half of 2025, representing a 41.17% increase [5]. Service Expansion - The company extends its services across the supply chain, offering one-stop digital services, including product technical solution design and PCBA manufacturing, to enhance collaborative development and improve self-sufficiency levels [4]. - Yunhan Chip City has established partnerships with over 500 domestic component manufacturers, accumulating 782,200 domestic substitution relationship data, aiding over 4,000 manufacturing enterprises in electronic component localization [4]. Future Outlook - The company aims to continue enhancing the efficiency of the electronic industry chain by upgrading its big data center and component trading platform, addressing pain points in the industry, and providing comprehensive services to all participants in the supply chain [5].

Core Viewpoint - Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. has successfully listed on the Shenzhen Stock Exchange's ChiNext board, with a significant opening price increase of 332.59% on its first trading day [1]. Company Overview - Yunhan Chip City is an innovative high-tech enterprise focusing on the integration of electronic component distribution and industrial internet, primarily serving the small-batch electronic component needs of the electronic manufacturing industry [1]. - The company was founded by Zeng Ye, who currently holds 33.03% of the shares directly and controls a total of 35.19% of the shares, making him the largest shareholder [2]. Financial Performance - The company reported a peak in revenue in 2022, with total revenues of 433,319.83 million yuan, and a net profit peak in 2021 at 16,086.86 million yuan [6]. - For the first half of 2025, the company achieved a revenue of 144,004.57 million yuan, representing a year-on-year growth of 17.82%, and a net profit of 5,405.16 million yuan, up 41.17% [10]. - The company’s cash flow from operating activities for the first half of 2025 was -11,883.90 million yuan, a significant decrease compared to the previous year [13]. IPO Details - The IPO was sponsored by Guojin Securities, with a total of 16,279,025 shares issued at a price of 27.00 yuan per share, raising approximately 43.95 million yuan [4]. - The funds raised are intended for projects including a big data center upgrade, electronic industry collaborative manufacturing service platform, and intelligent shared warehousing [5]. Sales and Revenue Trends - The company’s online sales accounted for over 99% of its revenue, with a significant portion of sales being manually entered orders [2][3]. - From 2022 to 2024, the cash received from sales decreased from 478,996.45 million yuan to 284,543.55 million yuan, indicating a decline in cash flow [11]. Future Projections - For the first nine months of 2025, the company expects to achieve revenues between 220,000 and 230,000 million yuan, with net profits projected between 7,700 and 8,000 million yuan, reflecting a growth of 38.71% to 44.11% year-on-year [15].

Core Viewpoint - Yunhan Chip City officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 30, 2025, marking a significant milestone for the company and the region [1]. Group 1: Listing Details - The issuance price of Yunhan Chip City was 27 yuan per share, with a remarkable first-day performance, opening at 120 yuan per share and reaching a maximum increase of 142 yuan per share during the trading day [5]. - The public offering involved 16,279,025 shares, raising approximately 440 million yuan, which will be fully invested in upgrading the big data center and component trading platform, electronic industry collaborative manufacturing service platform, and intelligent shared warehousing projects [5]. Group 2: Industry Impact - The company is recognized as a benchmark enterprise in the industrial internet and high-tech service sector in the Songjiang District of Shanghai, contributing to the digital transformation of the industry through an efficient and transparent online trading platform for electronic components [8]. - The Vice President of Guojin Securities highlighted that Yunhan Chip City has become a leading enterprise in the online distribution of electronic components in China, effectively addressing the pain points of small-batch orders through digital platform optimization [12]. Group 3: Company Vision and Strategy - The Chairman of Yunhan Chip City reflected on the company's development since its establishment in 2008, emphasizing a commitment to online and data-driven business practices, focusing on small-batch needs in the electronic manufacturing industry [16]. - The company has integrated thousands of high-quality supplier resources globally, creating a comprehensive database with over 44 million electronic component SPUs, ensuring supply for numerous downstream customers [16]. - The successful listing is seen as a new starting point for the company, which aims to enhance the efficiency of the electronic industry chain through industrial internet, while maintaining transparency and compliance with listing regulations [16].

Core Viewpoint - Yunhan Chip City successfully listed on the Shenzhen Stock Exchange's ChiNext board, with a significant first-day price increase of 344.44%, indicating market recognition of its innovative service model and technological capabilities in the electronic manufacturing supply chain [1] Company Overview - Yunhan Chip City is a well-known B2B supply chain platform focused on the electronic components vertical, addressing the R&D, production, and procurement needs of small-batch electronic components in the electronic manufacturing industry [3] - The company has integrated thousands of high-quality supplier resources globally, creating a comprehensive database with over 44 million electronic component SPUs, providing supply assurance for numerous downstream customers [3] - The platform has over 690,000 registered users and has served more than 158,000 enterprise clients [3] Business Model and Services - The company aims to enhance supply chain efficiency by breaking traditional barriers through an "industrial internet + digital supply chain" service model [3] - Yunhan Chip City extends its services upstream and downstream in the supply chain, offering one-stop digital services including product technical solution design, PCBA manufacturing, and technical support for electronic engineers [3] Performance Metrics - In 2024, the company achieved a net profit of 88.33 million yuan, a year-on-year increase of 12.39%, and a non-deductible net profit of 84.08 million yuan, up 19.77% [4] - For the first half of 2025, the company reported operating revenue of 1.44 billion yuan, a 17.82% increase year-on-year, with a net profit of 54.05 million yuan, up 41.17% [4] - The non-deductible net profit for the same period was 50.45 million yuan, reflecting a year-on-year growth of 33.18% [4] Future Plans - The company plans to enhance electronic industry chain efficiency through an open and transparent approach, adhering to regulatory requirements post-listing [4] - Key projects include upgrading the big data center and component trading platform, as well as building a collaborative manufacturing service platform for the electronic industry [4] - The focus will be on addressing pain points in the electronic industry chain by combining data and technology to provide comprehensive and high-quality services [4]

Core Insights - Yunhan Chip City successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 30, with an initial offering price of 27 yuan per share and a first-day opening price of 120 yuan per share, reflecting a remarkable increase of 344.44% [1] - The listing signifies market recognition of Yunhan Chip City's innovative service model and technological capabilities in the electronic manufacturing supply chain sector, contributing to high-quality development in this field [1] Company Overview - Yunhan Chip City is a well-known B2B supply chain platform in the vertical field of electronic components, focusing on enhancing the efficiency of the electronic industry chain through internet technology [1] - The company targets the R&D, production, and procurement needs of small-batch electronic components within the electronic manufacturing industry, aiming to break traditional supply chain barriers and improve overall supply chain efficiency [1] Market Position and Achievements - The company has established stable supply chain partnerships with over 500 domestic electronic component manufacturers, including notable brands such as Ruineng, Changjiang Connector, and Yangjie Technology [1] - Yunhan Chip City has built a database of over 780,000 domestic chip substitution relationships, supporting the development of domestic electronic components [1] Product and Service Innovations - The company launched a vertical search engine for domestic electronic components, allowing users to filter components based on parameters like packaging, rated power, and temperature coefficient, thereby assisting procurement engineers in efficiently completing domestic recommendations [2] - The platform employs intelligent matching algorithms to expand market touchpoints for domestic chip brands, automatically comparing user queries with an import substitution database to prioritize matching domestic components [2] User Engagement and Impact - As of now, the platform has over 690,000 registered users and has served more than 158,000 enterprise clients, helping over 4,000 domestic technology companies with specialized services for domestic component substitution [2] - The successful listing opens a new chapter for Yunhan Chip City, with plans to enhance its data center and component trading platform, and to build collaborative manufacturing service platforms to address pain points in the electronic industry chain [2]

Group 1 - Yunhan Chip City was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 30, with stock code "301563", marking a significant recognition of its innovative service model and technical capabilities in the electronic manufacturing supply chain [1] - The company focuses on enhancing the efficiency of the electronic industry chain through internet technology, targeting the R&D, production, and procurement needs of small-batch electronic components [1] - Yunhan Chip City has integrated thousands of quality suppliers globally, creating a comprehensive database with over 44 million electronic component SPUs, providing supply assurance for numerous downstream customers [1] Group 2 - The company has over 690,000 registered users and has served more than 158,000 enterprise clients, showcasing its extensive reach in the market [1] - Yunhan Chip City aims to extend its services across the supply chain, offering one-stop digital supply chain services, including product technical solution design, PCBA manufacturing, and technical support for electronic engineers [1] - The listing is seen as a new chapter for Yunhan Chip City, which plans to enhance its platform through big data and electronic industry collaborative manufacturing services, addressing pain points in the electronic industry chain [2]

Core Insights - Yunhan Chip City successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 30, 2025, with an initial price of 27 CNY per share and a first-day opening price of 120 CNY, reflecting a surge of 344.44% [1] - The company focuses on the electronic manufacturing supply chain, providing innovative services that enhance supply chain efficiency and support the high-quality development of the electronic manufacturing sector [3] Company Overview - Yunhan Chip City is a well-known B2B supply chain platform in the electronic components vertical, targeting small-batch R&D, production, and procurement needs in the electronic manufacturing industry [3] - The company has integrated thousands of quality suppliers globally, creating a comprehensive database with over 44 million electronic component SPUs, serving more than 158,000 enterprise clients [3] - The platform extends its services upstream and downstream in the supply chain, offering one-stop digital services including product design, PCBA manufacturing, and technical support [3] Performance Metrics - In 2024, the company achieved a net profit of 88.33 million CNY, a year-on-year increase of 12.39%, with a non-recurring net profit of 84.08 million CNY, up 19.77% [4] - For the first half of 2025, the company reported revenue of 1.44 billion CNY, a growth of 17.82%, and a net profit of 54.05 million CNY, an increase of 41.17% year-on-year [4] - The company connects with over 4,200 electronic component suppliers and serves nearly 700,000 registered users, covering various sectors such as industrial control, new energy, IoT, automotive electronics, and medical electronics [4] Industry Recognition - The company has received multiple accolades, including recognition as a National High-tech Enterprise, a "Little Giant" enterprise by the Ministry of Industry and Information Technology, and a demonstration platform for service-oriented manufacturing [5]

Group 1: Market Overview - The A-share market experienced an overall upward trend on September 30, with the Sci-Tech 50 Index showing strong performance, reaching a new high for the year with an intraday increase of over 2% [3] - New stocks listed on both A-share and Hong Kong markets performed well, with A-share's Yunhan Xincheng seeing an intraday surge of over 400%, potentially yielding a profit of approximately 57,500 yuan per lot [7][6] - The Hong Kong market also had three new stocks listed, with Xipuni experiencing a peak increase of nearly 340% [11] Group 2: Sector Performance - The precious metals sector saw continued price increases, with domestic gold futures reaching a historical high, surpassing 870 yuan per gram [8] - The non-ferrous metals sector experienced significant gains, with the sector's intraday increase exceeding 2% [8] - Key stocks in the non-ferrous metals sector, such as Platinum New Materials and Boke New Materials, saw substantial price increases, with Platinum New Materials rising by 14.18% [4] Group 3: New Stock Highlights - Yunhan Xincheng focuses on electronic component distribution and industrial internet integration, supporting high search volumes and maintaining a 90% search match rate on its B2B online platform [10] - Ruili Kemi specializes in active safety systems for vehicles, with core products covering various braking systems and a strong market position in commercial vehicle safety solutions [11] - Xipuni, a leading designer and manufacturer of gold watch cases, is projected to see revenue growth from 324 million yuan to 457 million yuan from 2022 to 2024 [16]

Market Overview - The A-share market experienced an overall upward trend on September 30, with the Sci-Tech 50 Index showing strong performance, reaching a new high for the year with an intraday increase of over 2% [2] - New stocks listed on both A-share and Hong Kong markets performed well, with significant gains observed on their debut [7][12] New Stock Performance - The A-share market saw two new stocks listed, both of which experienced substantial increases. Yunhan Xincheng (301563) had an intraday gain exceeding 400%, potentially yielding a profit of approximately 57,500 yuan per lot, ranking among the top for the year [8][10] - The other new stock, Ruili Kemi (001285), saw an intraday increase close to 90% [12] Industry Highlights - The non-ferrous metals sector experienced a notable rise, with intraday gains exceeding 2%. Companies like Platinum Technology (300811) surged over 18%, while others like Boqian New Materials (605376) and Jingyi Co., Ltd. (002295) hit the daily limit [4] - Gold and silver prices continued to rise, with domestic gold futures reaching a historical high, surpassing 870 yuan per gram [5] Concept Sector Performance - Concept sectors such as storage chips and lithium mines showed significant strength, indicating a positive trend in these areas [6] Hong Kong Market Insights - The Hong Kong market saw three new stocks listed, with Xipuni experiencing an intraday surge of nearly 340%, maintaining a current increase of about 250% [12][18] - Zijin Gold International, a subsidiary of Zijin Mining (601899), reported a revenue growth from $1.818 billion to $2.990 billion from 2022 to 2024, with a compound annual growth rate of 28.2% [14] Company Profiles - Yunhan Xincheng focuses on electronic component distribution and industrial internet integration, providing a one-stop supply chain service for the electronic manufacturing industry [10] - Ruili Kemi specializes in the research, production, and sales of active safety systems for vehicles, becoming a leading player in the commercial vehicle safety system market [13] - Xipuni is recognized as a leading designer and manufacturer of gold watch cases in China, with a projected revenue increase from 324 million yuan to 457 million yuan from 2022 to 2024 [18] - Botai Che Lian is a supplier of intelligent cockpit solutions, ranking as the third-largest supplier in the Chinese passenger car market with a market share of 7.3% [19]

Market Overview - The A-share market experienced an overall upward trend on September 30, with the Sci-Tech Innovation 50 Index reaching a new high for the year, showing an intraday increase of over 2% [3] - New stocks listed on both A-share and Hong Kong markets performed well, with significant gains on their debut [7][15] New Stock Performance - A-share market saw two new stocks listed, with Yunhan Xincheng (301563) experiencing an intraday surge of over 400%, potentially yielding a profit of approximately 57,500 yuan per lot, ranking among the top for the year [8][10] - The other new stock, Ruili Kemi, saw an intraday increase of nearly 90% [11] - In the Hong Kong market, three new stocks were listed, with Xipuni showing an intraday rise of nearly 340% and maintaining a gain of about 250% [12][17] Industry Highlights - The non-ferrous metals sector saw significant gains, with the sector rising over 2% during the session [5] - Key stocks in this sector included Platinum New Materials, which rose by 14.18%, and others like Boki New Materials and Jingyi Co., which also hit their daily limit [4][5] - Gold and silver prices continued to rise, with domestic gold futures reaching a historical high, surpassing 870 yuan per gram [4] Company Insights - Yunhan Xincheng focuses on electronic component distribution and industrial internet integration, providing a one-stop supply chain service for the electronic manufacturing industry [10] - Ruili Kemi specializes in the research, production, and sales of active safety systems for vehicles, positioning itself as a leader in the commercial vehicle safety system market [12] - Xipuni, a leading designer and manufacturer of gold watch cases, is projected to grow its revenue from 324 million yuan to 457 million yuan from 2022 to 2024, with a compound annual growth rate of 28.2% [13] - Botai Che Lian, a supplier of intelligent cockpit solutions, is the third-largest provider in the Chinese passenger car market, holding a market share of 7.3% [18] Stock Index Performance - The Hang Seng Index showed low volatility, initially rising but later narrowing its gains, with notable movements among its constituent stocks [15][16] - Semiconductor company Huahong Semiconductor saw a significant rise of over 13% following an announcement regarding a share issuance and acquisition [19]