GigaDevice(SH:603986) Shang Hai Zheng Quan Bao·2025-06-30 19:04Core Viewpoint - The news highlights the upcoming IPO of Zhaoyi Innovation, a leading storage chip manufacturer in China, aiming to expand its overseas business footprint while celebrating its 20th anniversary [2]. Group 1: Company Background and Growth - Zhaoyi Innovation, known as a prominent non-foundry Flash supplier globally, has achieved significant milestones with the support of long-term capital partners like Yingfu Tech [2]. - The company was founded in 2005 by Zhu Yiming and initially received its first round of financing from Yingfu Tech and Tsinghua Science Park, with Yingfu Tech investing 1.03 million yuan for a 24.03% stake [2]. Group 2: Investment and Partnerships - Yingfu Tech is recognized as a seasoned investment institution in the technology sector, holding a 7.77% stake in Zhaoyi Innovation before its public listing [3]. - In August 2023, Zhaoyi Innovation announced a significant investment of 50 million yuan as a limited partner in a fund managed by Yingfu Tech, aiming to leverage the expertise and resources of the investment firm to enhance its industry positioning and profitability [3]. Group 3: Fund and Industry Relationships - Yingfu Tech has invested in nearly 150 projects over its 25-year history, nurturing 23 companies to go public, with several of these companies now contributing as limited partners in the Beijing Science and Technology Innovation Fund [4]. - The collaboration between Yingfu Tech and its portfolio companies exemplifies a mutual growth dynamic, fostering a robust network of resources and channels for future investment opportunities and value-added services [4].