回应市场呼声 创业板解锁未盈利企业上市

Core Viewpoint - Shenzhen Dapu Microelectronics Co., Ltd. has become the first unprofitable company to have its IPO application accepted by the Shenzhen Stock Exchange, marking a significant shift in the support for innovative companies in the ChiNext market [1][2] Group 1: Company Overview - Dapu Micro specializes in the research and sales of enterprise-level solid-state drive (SSD) products for data centers, with proprietary control chips, firmware algorithms, and mass production capabilities [1] - The company has chosen to meet the ChiNext listing standard of having an expected market value of no less than 5 billion yuan and a recent year's revenue of no less than 500 million yuan [1] Group 2: Industry Context - The acceptance of Dapu Micro's IPO application reflects a broader trend of enhancing the inclusivity of the system and supporting technological innovation within the Shenzhen market [2] - The Shenzhen Stock Exchange is deepening reforms in the ChiNext market, promoting the issuance of technology innovation bonds, and building a comprehensive service system from "IP" to "IPO" [2] - The new listing standards for unprofitable companies are expected to maintain high requirements for valuation and revenue, indicating that a large-scale expansion of IPOs is unlikely [2] Group 3: Regulatory Measures - The Shenzhen Stock Exchange will strengthen the review process for unprofitable companies, ensuring strict adherence to financial authenticity and preventing "pseudo-technology" [2] - There will be a special identifier "U" added to the stock name of unprofitable companies to continuously remind investors of the associated risks, along with regular disclosures regarding the causes and impacts of unprofitability [2] - The exchange will enforce stricter share lock-up arrangements for major stakeholders and management to protect investor interests [2][3]