Core Viewpoint - Yunhan Chip City successfully held its online roadshow for the initial public offering (IPO) and listing on the ChiNext board, with the stock subscription starting on September 19, 2023 [1][2] Company Overview - Founded in 2008, Yunhan Chip City focuses on the research, production, and procurement needs of small-batch electronic components in the electronic manufacturing industry [1] - The company operates a self-built B2B online mall that provides efficient and professional one-stop supply chain services for electronic components, extending to product technical solution design, PCBA manufacturing services, and technical support for electronic engineers [1] Strategic Goals Post-IPO - The chairman stated that the IPO will enhance the company's overall R&D capabilities and improve operational efficiency through technological upgrades, thereby expanding market share and ensuring the stability and reliability of the electronic component supply chain [2] - The listing is expected to elevate the company's brand image and industry recognition, promoting sustainable high-quality development of its main business [2] - The integration of internet, big data, and artificial intelligence technologies with traditional electronic component distribution is aimed at enhancing supply chain efficiency in the electronic industry [2] IPO Details - The IPO price for Yunhan Chip City is set at 27 yuan per share, with the subscription code being 301563 [3]

Core Viewpoint - Yunhan Chip City successfully held its online roadshow for the initial public offering (IPO) on the ChiNext board, with the stock subscription starting on September 19 [1][2] Company Overview - Founded in 2008, Yunhan Chip City focuses on the research, production, and procurement needs of small-batch electronic components in the electronic manufacturing industry [1] - The company utilizes digital and internet technologies to provide a one-stop supply chain service for electronic components through its self-built B2B online mall [1] - Services extend to product technical solution design, PCBA manufacturing, and technical support from electronic engineers [1] R&D Expenditure - The R&D expenses for the years 2022 to 2024 are projected to be 61.70 million yuan, 48.99 million yuan, and 45.62 million yuan respectively [2] - Over 95% of the R&D expenses are attributed to labor costs, technical service fees, and depreciation [2] - The company aims to enhance its technical service capabilities through continuous investment in supply chain capabilities and industrial internet, focusing on the application development of information systems/modules and efficient utilization of data resources [2] IPO Details - The IPO price for Yunhan Chip City is set at 27 yuan per share, with the subscription code being 301563 [2]

格隆汇9月30日｜今日瑞立科密(001285.SZ)、云汉芯城(301563.SZ)上市，无新股申购。 ...

Group 1 - The total number of valid subscriptions for the online issuance was 13,503,823, with a total of 49,487,454,000 shares subscribed [1] - The total number of allocation numbers was 98,974,908, with the starting allocation number being 000000000001 and the ending number being 000098974908 [1] Group 2 - The initial effective subscription multiple for the online issuance was 11,921.81498 times, leading to the activation of the callback mechanism [2] - After the callback mechanism was implemented, the final number of shares issued offline was 762.4766 million, accounting for 51.80% of the total issuance after deducting the final strategic placement [2] - The final number of shares issued online was 709.5000 million, representing 48.20% of the total issuance after deducting the final strategic placement, with an online winning rate of 0.0143369671% and an effective subscription multiple of 6,974.97590 times [2]

Core Viewpoint - Yunhan Chip City officially launched its IPO on September 11, aiming to raise funds for its innovative electronic component distribution and industrial internet integration business [1][4] Company Overview - Yunhan Chip City is an innovative high-tech enterprise focusing on the research, production, and procurement of small-batch electronic components within the electronic manufacturing industry [1][2] - The company operates a self-built B2B online marketplace, providing a one-stop supply chain service for electronic components, including product design, PCBA manufacturing, and technical support [1][2] Industry Context - The electronic component distribution industry is a key focus area supported by the government, with approximately 56% of procurement relying on distributors, and over 99% of electronic manufacturers using this method [2] - Traditional distribution models struggle to meet the diverse and fluctuating demands of small-batch orders, leading to inefficiencies in the industry [2] Business Model and Innovation - Yunhan Chip City integrates traditional distribution methods with emerging industrial internet models, aligning with the "three innovations and four new" positioning of the Growth Enterprise Market [3] - The company emphasizes innovation, holding 17 invention patents and 255 software copyrights, and has a strong management and R&D team with expertise in the electronic component service sector [3] Future Investments - The IPO proceeds will be invested in upgrading data centers, enhancing the component trading platform, and building collaborative manufacturing service platforms and smart shared warehousing [4] - Yunhan Chip City has received multiple honors, establishing itself as a leading B2B enterprise in the electronic component sector [4]

Core Viewpoint - Yunhan Chip City successfully held its online roadshow for the initial public offering (IPO) and listing on the ChiNext board, with the stock subscription starting on September 19 [1] Company Overview - Founded in 2008, Yunhan Chip City focuses on the research, production, and procurement of small-batch electronic components in the electronic manufacturing industry [1] - The company operates a self-built B2B online mall, providing efficient and professional one-stop supply chain services for electronic components, extending to product technical solution design, PCBA manufacturing services, and technical support from electronic engineers [1] Future Outlook - The Chief Financial Officer, Zhou Xuefeng, indicated that the company's profitability will improve with the implementation of fundraising investment projects [1] - The company plans to emphasize technological innovation, increase R&D investment, adopt new models and technologies, and expand its customer base to enhance market competitiveness and profitability [1] IPO Details - The IPO price for Yunhan Chip City is set at 27 yuan per share, with the subscription code being 301563 [1]

Group 1: 瑞立科密 (001285.SZ) - 瑞立科密 is a national high-tech enterprise specializing in the R&D, production, and sales of core components related to active safety systems for motor vehicles [1][3] - The company has developed capabilities in various active safety systems including ABS, ESC, EBS, EPB, and ECAS, and has established itself as a leader in the commercial vehicle pneumatic electronic braking system sector [3][4] - The company has maintained the top position in the production and sales of ABS products for ten consecutive years from 2014 to 2023, with a market share ranking first in the industry from 2021 to 2023 [3][4] - Financial projections indicate that the company expects revenues of 13.26 billion yuan, 17.6 billion yuan, and 19.77 billion yuan for the years 2022 to 2024, with net profits of 0.97 billion yuan, 2.36 billion yuan, and 2.69 billion yuan respectively [4] Group 2: 云汉芯城 (301563.SZ) - 云汉芯城 is an innovative high-tech enterprise that integrates electronic component distribution with industrial internet, focusing on the R&D, production, and procurement needs of small-batch electronic components [1][7] - The company operates a B2B online marketplace for the electronic manufacturing industry, providing a one-stop supply chain service and extending into product technical solution design and PCBA manufacturing services [9] - Financial performance shows that 云汉芯城 achieved revenues of 43.33 billion yuan, 26.37 billion yuan, and 25.77 billion yuan from 2022 to 2024, with net profits of 1.36 billion yuan, 0.79 billion yuan, and 0.88 billion yuan respectively [9][10] - The company plans to invest募集资金 in projects such as a big data center and component trading platform, electronic industry collaborative manufacturing service platform, and smart shared warehousing [7][9]

Core Viewpoint - Two new stocks were listed on September 30, namely Rui Li Ke Mi (001285.SZ) and Yun Han Xin Cheng (301563.SZ), with Rui Li Ke Mi focusing on active safety systems for vehicles and Yun Han Xin Cheng specializing in electronic component distribution and industrial internet integration. Group 1: Rui Li Ke Mi (001285.SZ) - Rui Li Ke Mi is a national high-tech enterprise engaged in the R&D, production, and sales of core components related to vehicle active safety systems, including ABS, ESC, EBS, EPB, and ECAS [1][4]. - The company has established itself as a leader in the commercial vehicle pneumatic electronic control braking system sector, with its brand "Kormee" recognized as a top brand in the industry [3][4]. - Financial data shows that Rui Li Ke Mi's projected revenues for 2022, 2023, and 2024 are 1.326 billion, 1.76 billion, and 1.977 billion yuan, respectively, with net profits of 97 million, 236 million, and 269 million yuan [4][5]. - The company plans to invest 8.81 billion yuan in the Greater Bay Area automotive intelligent electronic control system R&D headquarters and 3.08 billion yuan in the R&D center construction project [2][3]. Group 2: Yun Han Xin Cheng (301563.SZ) - Yun Han Xin Cheng is an innovative high-tech enterprise focusing on the distribution of electronic components and the integration of industrial internet, positioning itself as a leading B2B company in the electronic components sector [5][10]. - The company’s projected revenues for 2022, 2023, and 2024 are 4.333 billion, 2.637 billion, and 2.577 billion yuan, respectively, with net profits of 136 million, 79 million, and 88 million yuan [10][11]. - Yun Han Xin Cheng plans to allocate 2.91 billion yuan for upgrading its big data center and component trading platform, 1.34 billion yuan for building an electronic industry collaborative manufacturing service platform, and 0.96 billion yuan for intelligent shared warehousing [8][10].

Core Insights - The article discusses the transformation of Yunhan Chip City, a Shanghai-based company, from a traditional distributor to a digital supply chain service provider in the electronic components industry, addressing inefficiencies in the traditional distribution model [1][2][3] Group 1: Industry Challenges - The traditional electronic components distribution model struggles with high costs for small orders, leading to losses on low-value transactions [1][2] - Small batch and diverse orders, often referred to as "small scattered urgent" needs, are not adequately served by traditional distributors due to their cost structure [2][3] Group 2: Company Evolution - Founded in 2002, Yunhan Chip City has focused on digitalization to address industry pain points, evolving from a traditional offline agent to a leader in the electronic components industry internet [3][4] - The company launched its online marketplace in 2011, significantly reducing information asymmetry and catering to small batch order demands [3][4] Group 3: Business Model and Data Utilization - The average order value for 2024 is projected at 0.39 million yuan, with over 99% of orders being below 100,000 yuan, indicating a focus on small-scale transactions [4] - The company has amassed over 69.65 million registered users and processed over 375 million orders, showcasing its extensive reach and operational scale [4][5] Group 4: Quality Assurance and Efficiency - Yunhan Chip City employs a digital quality inspection system that processes over 10,000 items daily, significantly improving efficiency compared to traditional methods [5] - The quality control process includes 35 steps, ensuring consistent quality through automation rather than relying on manual inspection [5] Group 5: Competitive Advantage - The company's deep understanding of the electronic components industry and its commitment to digital transformation are seen as key competitive advantages [6] - Yunhan Chip City aims to leverage its digital capabilities to expand upstream into chip design and downstream into manufacturing services [6]

如今，这个选择已被证明具有前瞻性：2011年曾烨把线下分销公司整体搬上云端，成为国内最早"啃元 器件长尾采购硬骨头"的线上玩家；14年后，云汉芯城以15.89万家企业客户、69.65万平台注册用户、年 峰值订单6.8万笔的成绩登陆创业板，为"产业互联网如何跑通"提供了"云汉样板"。 C 12 67 (E t 曾烨 ◎记者 邓贞 "小订单，也能长出大平台。"云汉芯城董事长曾烨对上海证券报记者说。这一总结看似轻描淡写，背后 其实是公司对电子产业互联网二十多年的探索历程。从2002年深圳华强北的一家传统元器件分销商，到 如今服务超15万家企业客户的产业互联网标杆，曾烨带领云汉芯城走出了一条以数字化重构电子供应链 的独特路径。 目前，云汉芯城线上商城每日可支持上百万级的搜索量，搜索匹配率维持在90%左右，月处理订单数峰 值达6.8万笔，报关商品归类自动匹配率超95%。 把握行业痛点，建立B2B线上商城 曾烨的创业故事始于2002年的深圳。当时，他创立"云汉电子"，从事电子元器件的传统代理与分销业 务。多年的线下经营让他深入了解到电子制造行业的核心痛点——小批量采购需求难以得到有效满足。 电子元器件行业长期存在"上游批 ...