超聚变启动上市辅导 荣科科技借壳预期破灭

Group 1 - The core point of the article is that Chaogufeng Digital Technology Co., Ltd. has officially submitted its IPO counseling record to the China Securities Regulatory Commission, with CITIC Securities as the counseling institution [1][3] - Chaogufeng was originally the X86 server business unit of Huawei, which was spun off in 2021 due to geopolitical factors and taken over by Henan Chaogufeng Technology Co., Ltd. under a Henan state-owned platform [1][3] - Following the equity restructuring, Chaogufeng has rapidly expanded its global presence, establishing 11 R&D centers and 6 supply centers worldwide by the end of 2025, serving 130 countries and regions, including 223 Fortune 500 companies [1][3] Group 2 - Financial data shows explosive revenue growth for Chaogufeng, with revenues exceeding 10 billion yuan in 2022, over 28 billion yuan in 2023, and surpassing 43 billion yuan in 2024 [1][3] - In the niche market of liquid-cooled servers, Chaogufeng ranked first in China's standard liquid-cooled server market for two consecutive years from 2023 to 2024, achieving a market share of 43% in 2023 with nearly 42,000 units shipped [1][3] - Chaogufeng was valued at 57 billion yuan in the 2025 Global Unicorn List, ranking 91st and marking its fourth consecutive year as a global unicorn [1][3] Group 3 - The decision to directly initiate the IPO counseling has completely ended market speculation regarding a reverse merger with Rongke Technology [4] - Rongke Technology's main business includes smart healthcare, smart cities, and AI applications, but its recent performance has been poor, with revenues stagnating and a net profit loss of 2.92 million yuan in 2024, which further expanded to a loss of 31.69 million yuan in the first three quarters of 2025 [4][5] - Despite the poor performance, the speculation of a reverse merger led to a significant increase in Rongke Technology's stock price, which rose from around 17 yuan per share in mid-2025 to 30 yuan per share by the end of the year [5]