Core Viewpoint - The approval of Shenzhen Dapu Microelectronics Co., Ltd.'s IPO registration marks the first instance of an unprofitable company being granted IPO approval on the ChiNext board in China [1] Financial Performance - Dapu Micro's projected revenues for 2022, 2023, and 2024 are 557 million, 519 million, and 962 million yuan respectively, with net losses of 534 million, 617 million, and 191 million yuan [3] - For 2025, the company anticipates revenues between 2.05 billion and 2.35 billion yuan, representing a year-on-year growth of approximately 113.06% to 144.24% [4] - The expected net loss for 2025 is projected to be between 464 million and 504 million yuan, indicating a significant increase in losses compared to the previous year [4] Company Overview - Established in April 2016 with a registered capital of 393 million yuan, Dapu Micro focuses on the research and sales of enterprise-level SSD products for data centers [6] - The company has shipped over 4,900 PB of enterprise-level SSDs, with more than 75% of shipments utilizing self-developed controller chips [6] - Dapu Micro has established a strong customer base, including major tech companies like ByteDance, Tencent, Alibaba, and international clients such as Google [6] Future Strategy - The company plans to continue its focus on the semiconductor enterprise storage sector while expanding into AI-related products such as high-capacity QLC SSDs and intelligent network cards [6] - Dapu Micro aims to enhance its competitive position by developing platform-level storage products and solutions [6] Ownership Structure - The actual controller, Yang Yafei, holds 66.74% of the voting rights through Dapu Haide and Dapu Haijuhua [7] Leadership Background - Yang Yafei, born in July 1979 and a permanent resident of the U.S., has a Ph.D. and previously worked at Qualcomm before leading Dapu Micro [10]

Group 1 - The core viewpoint of the articles emphasizes the need for Beijing to enhance its cultural industry by fostering a high-level talent ecosystem, particularly focusing on youth innovation and entrepreneurship [1] - The cultural industry in Beijing is projected to generate over 2.3 trillion yuan in revenue by 2024, becoming a key driver of service consumption growth [1] - Youth groups are identified as a core force in cultural industry innovation, integrating traditional cultural resources with digital technology to shift from content production to service-oriented models [1] Group 2 - Challenges faced by youth in the cultural industry include a lack of pathways for IP monetization, insufficient capital, and unclear international expansion strategies [2] - The establishment of a "Cultural Project Exchange" is proposed to integrate existing platforms and create standardized trading rules, facilitating the transition from selling peripheral products to selling projects [2] - A recommendation is made to create a "Cultural Industry Support Center" to provide comprehensive services for youth entrepreneurs, including financial compliance, intellectual property protection, and international market planning [2]

Core Viewpoint - Shenzhen Dapu Microelectronics Co., Ltd. has become the first unprofitable company to receive IPO registration approval on the ChiNext board, marking a significant milestone in the market [1] Group 1: Company Overview - Dapu Micro specializes in the research and sales of enterprise-level SSD products for data centers, positioning itself as one of the few semiconductor storage providers in China with full-stack self-research capabilities in "controller chips + firmware algorithms + modules" [1] - The company’s IPO was accepted on June 27, 2025, entered the inquiry stage on July 6, 2025, and was approved on December 25, 2025, with registration submitted on December 29, 2025 [1] Group 2: Financial Aspects - Dapu Micro aims to raise approximately 1.878 billion yuan through its IPO, which will be allocated for the development and industrialization of next-generation controller chips and enterprise-level SSDs, as well as the establishment of a mass production testing base for enterprise-level SSD modules and to supplement working capital [1]

报告提出，打造高水平人才高地。加快建设中关村学院、卓越工程师学院等新型育人载体，支持在京高 校开展国家学院建设试点，鼓励企业设立博士后工作站，强化产学研协同育人。深入推进特殊引才计划 和关键核心技术人才工程，大力引进高层次人才。构建青年友好型政策体系，实施住房保障、创业服务 等十条支持措施，建设青年人才创新创业生态区，充分激发年轻人创新创造活力。 北京商报讯（记者 和岳）1月25日上午，北京市第十六届人民代表大会第四次会议在北京会议中心开 幕。市长殷勇作政府工作报告。 ...

1月25日上午，北京市第十六届人民代表大会第四次会议在北京会议中心开幕。市长殷勇作政府工作报 告。报告提出，打造高水平人才高地。加快建设中关村学院、卓越工程师学院等新型育人载体，支持在 京高校开展国家学院建设试点，鼓励企业设立博士后工作站，强化产学研协同育人。深入推进特殊引才 计划和关键核心技术人才工程，大力引进高层次人才。构建青年友好型政策体系，实施住房保障、创业 服务等十条支持措施，建设青年人才创新创业生态区，充分激发年轻人创新创造活力。（北京日报） ...

Financing Information - The company, Bisiwei Intelligent Technology (Suzhou) Co., Ltd., recently completed an angel+ round financing of nearly 10 million yuan, led by Dunxing Capital [1] - The funds will primarily be used for market expansion, product iteration, new product line development, and to supplement working capital [1] Company Overview - Founded in June 2022 and headquartered in Suzhou, the company specializes in intelligent six-axis polishing equipment and floating spindles, providing integrated solutions for deburring, polishing, and grinding [2] - The company integrates German industrial genes into its equipment design, achieving high rigidity and stability, with a self-developed floating spindle that supports 360° ±15mm adaptive floating, a first in China [2] - The system incorporates AI vision and no-code programming capabilities, enabling intelligent recognition of workpiece features and supporting rapid deployment and flexible adjustments [2] Market Potential - The Chinese aluminum casting market is estimated to be approximately 1.5 trillion yuan in 2023, with die-cast components accounting for about 50% [5] - The market potential for automated polishing equipment for aluminum/magnesium castings is expected to exceed 10 billion yuan per year, with current automation penetration below 20%, indicating a high growth phase [5] Company Performance - Bisiwei's first-generation product was developed in just six months, significantly faster than the industry average, and has quickly gained market validation [6] - The company anticipates a compound annual growth rate of over 70% starting in 2023, with projected revenue reaching around 50 million yuan by 2026 [6] - The products have successfully entered the supply chains of several leading automotive and motorcycle companies and have begun bulk deliveries to overseas markets in Europe and Southeast Asia [6] Team Background - The founder, Fang Zhengfei, has over 15 years of experience in robotics automation and high-end equipment R&D management, previously serving as the technical head at KUKA Robotics [8] - The core team comprises members from KUKA and other well-known automation companies, combining German craftsmanship with local implementation capabilities [8] Strategic Insights - The choice to focus on the deburring of castings stems from the founder's experience at KUKA, where it was observed that the process was predominantly manual with significant market demand [9] - The market outlook is clear, driven by the lightweight trend in automobiles, leading to increased use of aluminum/magnesium castings that require deburring [9] - The current state of automation in the deburring process is at a "micro-intelligent" stage, with basic automation achieved but still requiring human intervention for programming [10] Future Development Plans - The company aims to become a leading expert in the deburring and polishing process within 3-5 years, focusing on the automotive and motorcycle sectors while expanding into overseas markets [10] - The ultimate goal is to achieve complete unmanned polishing through AI and embodied intelligence, with a phased approach to enhance visual systems and AI data accumulation [10] Investor Perspectives - Dunxing Capital's chairman expressed confidence in Bisiwei's core team, which combines forward-looking technical vision with mature industrial management experience [11] - Kai Jian Venture's founding partner highlighted the deep integration of AI and robotics as a transformative force in manufacturing, emphasizing Bisiwei's capabilities in addressing essential deburring and polishing needs across various industries [11]

格隆汇1月25日｜据大河财立方，证监会1月23日发布批复，同意深圳大普微电子股份有限公司首次公开 发行股票注册，这标志着创业板首家未盈利企业IPO注册获批。大普微主要从事数据中心企业级SSD产 品的研发和销售，是国内极少数具备企业级SSD"主控芯片+固件算法+模组"全栈自研能力并实现批量出 货的半导体存储产品提供商。 ...

来源：中国证券报-中证网 1月23日，证监会发布关于同意大普微首次公开发行股票注册的批复，标志着创业板首家未盈利企业 IPO注册获批。 通过提高制度弹性和包容性，创业板有效回应了"硬科技"企业研发周期长、研发投入大的现实特征，持 续放大资本市场对实体科技发展的支持效应。 在此过程中，依托创业板的制度实践，资本市场对创新规律的理解日益深化。通过强调技术研发能力、 关键赛道卡位和长期成长空间，创业板为科技企业跨越关键发展阶段提供稳定的资本支撑，也为新质生 产力培育奠定了坚实基础。 此次IPO注册获批的大普微深耕企业级存储核心环节，在主控芯片、固件算法与产品化能力上长期投 入、持续积累，产品服务于AI、数据中心、云计算等关键应用场景，具备鲜明的技术导向与产业属 性。 拓宽优质未盈利企业上市通道 资本市场服务实体经济 效能持续体现 作为我国多层次资本市场中，服务创新成长企业的核心板块，创业板始终围绕支持科技创新这一战略定 位，不断完善制度安排和审核标准，引导社会资本更多投向具备技术深度和产业价值的科技企业。 证监会主席吴清2025年6月18日宣布创业板正式启动第三套标准，支持优质未盈利创新企业上市。 业内人士认为，此 ...

【#90后理工男返乡创业带动1000多人就业#】1月24日消息，安徽亳州。90后亳州小伙张俊强毕业于安 徽理工大学，毕业后曾辗转多个城市打拼，经过几年奋斗，他毅然放弃当时优厚的待遇和发展空间，决 定返乡创业。2019年，张俊强立足亳州的地理和中药资源优势，围绕药食同源的花草茶饮、膏滋、压片 糖果、糕点的销售创业。几年下来，他的团队已发展到10多人，年产值已突破600万元，而围绕这些产 品的生产销售等上下游产业链，张俊强的公司已带动1000多人就业。花茶正成为"亳州养生"撬动中医药 产业迭代升级的超级杠杆。像张俊强这样从事花茶生产和销售的企业亳州共有1000余家，花茶品种超过 500种，产能约占全国的80%。亳州是一座因药而立、因养而兴的城市，坚持以药膳、花草茶、保健按 摩三大主线为引领，持续拓展技能就业创业新路径。 以药膳制作师职业技能培养为例，亳州市药膳培 训学校按需定制"菜单式"课程，"企业要什么人，就开什么课"，让培训更具针对性，并于20余家药膳企 业建立稳定输送机制，形成"培训-学历-就业"的完整产业链条。@篝火视频 ...

作者｜黄楠 编辑｜袁斯来 当"护眼"和"沉浸学习"成为当代家长挑选教育产品时最为看重的两大要素，一款"去屏幕化"的产品正试图重新塑造学习陪伴的形态。 硬氪获悉，北京盒智科技有限责任公司（以下简称"盒智科技"）此前已完成数百万级天使轮融资。我们总结了该公司几大亮点： 融资金额及投资机构 融资轮次：天使轮 领投方：奇绩创坛 资金用途：本轮融资将主要用于技术研发投入，加快产品迭代优化更新，并推进首批硬件规模化量产与交付 公司基本信息 成立时间：2023年11月 注册地址：北京市海淀区中关村东路 企业定位：盒智科技瞄准6-12岁儿童外语学习刚需赛道，研发推出了AI智能口语练习陪伴硬件产品，其产品定位为一款"AI硬件版多邻国"，通过多模态技术 与自研硬件相结合，构建软硬件一体化的学习生态，为家庭提供专业化、个性化且护眼的学习解决方案。 技术亮点：盒智科技的产品理念，旨在用AI技术与无屏化硬件，解决儿童口语练习场景下的高投入、低开口与被动灌输、缺乏互动的核心痛点。其首款产 品LOOKEE口语侠就像一款儿童硬件版的"多邻国"，通过将符合儿童认知规律的口语教学内容，搭载了团队自研的AURA动态调控系统进行个性化重塑，并 将学 ...