Venture(US:VEMLY) Ju Chao Zi Xun·2025-12-26 10:00Core Viewpoint - Shenzhen Dapu Microelectronics Co., Ltd. has met the issuance, listing, and information disclosure requirements for its initial public offering, as confirmed by the Shenzhen Stock Exchange's Listing Review Committee [1] Group 1: Company Performance and Market Position - The company has been inquired about its ability to sustain performance growth and profitability expectations, particularly regarding its plans to achieve profitability by 2026 [3] - Dapu Microelectronics specializes in the research and sales of enterprise-level solid-state drives (SSDs) for data centers, with cumulative shipments exceeding 4,900 PB, and over 75% of products featuring self-developed control chips [3] - The company maintains a leading market share in the domestic enterprise SSD market, although it is still dominated by international competitors [3] Group 2: Technological Innovation and R&D - The company emphasizes technology-driven innovation, having developed competitive products and solutions that align with the evolution of storage technology [3] - Dapu Microelectronics has a strong R&D team with 162 domestic and international patents as of June 30, 2025, leading in several enterprise SSD technologies [4] - The company has become one of the first globally to achieve mass production of enterprise-level PCIe 5.0 SSDs and large-capacity QLC SSDs [3][4] Group 3: Client Base and Industry Impact - The company's products are widely used by major internet, cloud computing, and AI companies, including ByteDance, Tencent, Alibaba, and JD.com, as well as key clients in finance and telecommunications [4] - Dapu Microelectronics is among the few domestic SSD manufacturers that have successfully supplied products to overseas clients, including Google [4]