310亿估值独角兽集创北方，重启科创板IPO

Core Viewpoint - Beijing Jichuang Beifang Technology Co., Ltd. (referred to as "Jichuang Beifang") has restarted its IPO counseling for the Sci-Tech Innovation Board, with CITIC Securities as the counseling institution, after previously withdrawing its application in March 2023 [1][2]. Company Overview - Jichuang Beifang was founded in September 2008 and specializes in the research, design, and sales of display chips, providing solutions for various display technologies including LCD, LED, and OLED [4]. - The company has completed eight rounds of financing prior to its IPO attempt, with notable investors including Xiaomi, VIVO, Huawei Hubble, TCL, and others, achieving a post-investment valuation of 31.4 billion yuan by the end of 2021 [4][6]. Financial Performance - In the years 2019, 2020, and 2021, Jichuang Beifang reported revenues of 1.447 billion yuan, 2.38 billion yuan, and 5.674 billion yuan respectively, with net profits of -154 million yuan, 53 million yuan, and 932 million yuan, indicating a turnaround to profitability in 2020 [5]. Market Position - Jichuang Beifang holds the leading market share among mainland Chinese manufacturers for smartphone LCD display driver chips and TDDI chips, and has maintained the top global market share for LED display driver chips since 2019 [4]. Regulatory Issues - On July 4, 2023, the Shanghai Stock Exchange issued three fines against Jichuang Beifang and its chairman Zhang Jinfang due to violations during the IPO process, including incomplete disclosures and internal control deficiencies [2][3].