河南最大独角兽超聚变，要IPO了

Core Viewpoint - Chaojuvian Digital Technology Co., Ltd. has submitted its IPO guidance, marking its official entry into the public market as a leading player in the computing power sector, emerging from its origins as a spinoff from Huawei's X86 server business [1][2]. Company Background - Chaojuvian was established in September 2021 after Huawei divested its X86 server business due to external pressures, with Henan Guozhi taking control and the company quickly achieving mass production of its first server within 55 days [2]. - The company retained key personnel from Huawei's original server division and has continued to develop products under the FusionServer and KunLun series, focusing on general servers, AI servers, and critical business servers [2]. Business Evolution - Chaojuvian has transformed from a hardware supplier to a full-stack solution provider in the AI and data era, expanding its strategic focus to include computing power, smart city solutions, and energy intelligence [3]. - The company has established 10 R&D centers and 6 supply centers globally, serving over 100 countries and regions with more than 24,000 partners and holding over 2,000 core patents [3]. Market Position and Financial Performance - Chaojuvian ranks second in China's server market and sixth globally, with a compound annual growth rate of over 50% in overseas markets [5]. - The company reported sales revenue exceeding 10 billion yuan in 2022, over 28 billion yuan in 2023, and projected to surpass 40 billion yuan in 2024, with a target of over 50 billion yuan in 2025 [5]. Investment and Valuation - Since its inception, Chaojuvian has completed at least 8 rounds of financing, attracting over 30 VC/PE investors, with China Mobile's subsidiary holding a 15.14% stake [6][7]. - The company was valued at approximately 89.2 billion USD (around 620 billion yuan) in 2024, ranking 47th among global unicorns, with current estimates suggesting a valuation between 80 billion to 100 billion yuan [7]. Regional Development and Strategic Importance - Henan province has positioned itself as a key player in the computing power industry, transitioning from traditional agriculture to advanced computing, with significant investments in AI and computing infrastructure [9][10]. - The establishment of the Zhengzhou Aviation Port as a logistics hub has enabled Chaojuvian to maintain a global inventory, ensuring rapid delivery capabilities [8]. - The province's strategic initiatives include the development of major platforms like "Central Plains Computing Valley" and "Central Plains Data Lake," fostering a complete industrial chain from chip adaptation to server manufacturing [10][11].