再增一单！未盈利企业IPO申请获上交所受理

Core Viewpoint - The article highlights the acceptance of Shanghai ChaoSilicon Semiconductor Co., Ltd.'s IPO application on the Sci-Tech Innovation Board, marking a significant step in embracing unprofitable tech companies in the capital market [1][4]. Group 1: Company Overview - Shanghai ChaoSilicon is one of the earliest companies in China engaged in large-size silicon wafers for integrated circuits and is recognized as a national high-tech enterprise [5]. - The company aims to raise 4.965 billion yuan for expanding production of 300mm thin silicon epitaxial wafers and for R&D projects in high-end semiconductor silicon materials [6]. Group 2: Market Context - Since the introduction of the "Sci-Tech Innovation Board Eight Measures," three unprofitable companies have had their IPO applications accepted, indicating a trend towards supporting high-quality unprofitable tech firms [7]. - The acceptance of Shanghai ChaoSilicon's IPO reflects the capital market's commitment to embracing hard tech enterprises that represent new productive forces [7]. Group 3: Policy and Market Dynamics - The "Sci-Tech Innovation Board Eight Measures" aims to improve the identification mechanism for tech companies and support unprofitable firms in listing on the Sci-Tech Innovation Board [3][9]. - The article discusses the global shift from "profit worship" to "innovation value," emphasizing that many successful tech companies initially operated at a loss before achieving profitability [10]. Group 4: Performance of Unprofitable Companies - As of May 2024, 54 companies listed on the Sci-Tech Innovation Board were unprofitable at the time of their IPO, with a total fundraising of 202.731 billion yuan and a combined market value of 1.43 trillion yuan [11]. - Among these, 22 companies have since achieved profitability, demonstrating the potential for growth and recovery in the hard tech sector [11][12]. Group 5: Future Outlook - The article anticipates that the reforms in the capital market will further enhance the integration of technological and industrial innovation, creating new pathways for investment in hard tech [15][16].