力积存储赴港上市路：年营收超6亿仍陷亏损，鼎晖等资本加持

Core Viewpoint - Zhejiang Liji Storage Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, indicating its intention to raise capital for future growth despite facing financial challenges [1][5]. Financial Performance - The company's revenue has shown fluctuations, with figures of RMB 609.85 million in 2022, RMB 580.35 million in 2023, and an estimated RMB 646.40 million in 2024 [2]. - Gross margin has improved from -2.1% in 2022 to 9.3% in 2024, with gross profit shifting from a loss of RMB 13.08 million to a profit of RMB 60.28 million [2]. - Net losses for the years 2022, 2023, and 2024 were RMB 139.03 million, RMB 244.31 million, and RMB 108.91 million, respectively, indicating ongoing financial challenges [2][5]. Shareholding Structure - The company's shareholding is relatively dispersed, with the chairman controlling 40.97% of the shares through various related companies, establishing him as the actual controller [3]. - Key shareholders include investment institutions such as Dinghui, which holds 22.67% of the registered capital [6]. Competitive Advantage - The company focuses on customized memory chip design and development, leveraging its engineering capabilities to meet diverse market demands [3]. - A professional R&D team and advanced production equipment enable the company to innovate and enhance product quality, gaining customer trust [5]. Market Position and Future Outlook - The semiconductor industry is rapidly evolving, presenting both challenges and opportunities for the company [5]. - The listing application is expected to inject new momentum into the company's future development, with plans to increase R&D investment and market expansion efforts [5].