Sou Hu Cai Jing·2026-01-07 07:39Group 1 - The core point of the article is that Chaohui Digital Technology Co., Ltd. has initiated its IPO process, with CITIC Securities as the advisory broker [2] - Chaohui was established on September 13, 2021, with a registered capital of 880.321 million yuan, and is located in Zhengzhou, Henan [3] - The controlling shareholder is Henan Chaohui Technology Co., Ltd., holding a 31.38% stake, with the ultimate controlling party being Henan State-owned Assets [3] Group 2 - In November 2025, Chaohui ranked first in the "Top 100 Strategic Emerging Industry Enterprises in Henan" with a revenue of 4.338246 billion yuan [4][5] - The company completed a new round of investment changes on November 7, 2025, with China Mobile's subsidiary, Zhongyi Capital, becoming the second-largest shareholder with a 15.1427% stake [5] - The company aims to exceed 50 billion yuan in revenue for the full year of 2025, following a doubling of revenue in the first quarter [7] Group 3 - The global server market is projected to reach $235.7 billion in 2024, while the Chinese server market is expected to grow by 70.1% year-on-year to approximately $52.6 billion [8][9] - The Chinese server shipment volume is estimated at 4.45 million units in 2024, with internet applications accounting for 51.8% of market demand [10] - Chaohui holds a 13.75% market share in the X86 server segment, ranking second with revenues of 38.5 billion yuan [11] Group 4 - The IPO of Chaohui is anticipated to significantly enhance its stock value and provide substantial returns for shareholders like China Mobile and China Telecom [13] - The listing is expected to bolster Chaohui's capital resources for R&D and market expansion, solidifying its leading position in the server sector [13] - The capital influx from the IPO is seen as a catalyst for innovation in AI server technology and overall industry growth [13]