聚焦科创成长层丨继往开来，看科创成长层如何托举新一代信息技术企业成长

Core Insights - The establishment of the "Science and Technology Innovation Growth Layer" aims to bridge the gap between "technological breakthroughs" and "capital infusion" for high R&D, currently unprofitable hard technology entities [3][11] - Companies like Cambricon have successfully transitioned to this new layer, securing significant funding to enhance their competitiveness in the smart chip industry [1][3] - The growth layer has attracted a variety of new companies, indicating a robust pipeline for future IPOs and capital market engagement [4][11] Group 1: Company Developments - Cambricon, a domestic AI chip company, has raised 3.985 billion yuan for hardware and software development, marking a significant turnaround after years of losses [1] - The rapid IPO process of companies like Moore Threads, which took only 88 days from acceptance to approval, highlights the efficiency of the new growth layer [1] - The growth layer has seen 32 companies transition into it, with 18 new applications submitted, indicating a strong influx of new entrants [4] Group 2: Industry Impact - The growth layer is designed to support the development of the new generation of information technology, enhancing confidence in the hard technology sector [3][6] - Companies in the growth layer are addressing critical core technology issues, contributing to the self-sufficiency of China's information industry [6] - The layer has facilitated significant advancements in various sectors, including semiconductors, AI computing, and telecommunications, showcasing the potential for domestic alternatives [7][8] Group 3: Future Outlook - Many companies are focusing on long-term R&D investments to capture new growth opportunities, particularly in emerging fields like intelligent robotics [10] - The introduction of more inclusive policies and standards aims to create a favorable capital ecosystem for hard technology enterprises [11] - The growth layer's supportive environment has enabled companies like Obsidian to achieve profitability after previously being unprofitable, demonstrating the effectiveness of the new capital market dynamics [10]