首家亏损创业板IPO今获受理！报告期累计亏损12亿

Core Viewpoint - Shenzhen Dapu Microelectronics Co., Ltd. has become the first loss-making company to be accepted for an IPO on the ChiNext board since the implementation of the registration system, with significant accumulated losses over the past three years [1][3]. Group 1: Financial Performance - The company reported net profits attributable to the parent company of -368.31 million yuan, -641.65 million yuan, and -195.05 million yuan for the years 2022, 2023, and 2024 respectively, totaling an accumulated loss of over 1.205 billion yuan [3][4]. - The operating revenues for the same years were 556.77 million yuan, 519.49 million yuan, and 962.18 million yuan, indicating a significant increase in 2024 [3][4]. - The company's net profit margin has been negative, with a net profit margin of -19.09 million yuan in 2024, -61.69 million yuan in 2023, and -53.40 million yuan in 2022 [4]. Group 2: Corporate Structure and Governance - The company has a special voting rights mechanism, allowing its controlling shareholder to maintain significant control despite holding a minority of shares [5]. - The actual controller, Yang Yafei, holds a combined voting power of 66.74% through entities he controls, despite owning only 16.71% of the shares [5][6]. - The company was established in April 2016 and transitioned to a joint-stock company in September 2023, with a registered capital of 392.59 million yuan [5]. Group 3: IPO Details - The company has chosen to meet the listing standards of having an expected market value of no less than 5 billion yuan and recent annual revenue of no less than 500 million yuan [1][8]. - The IPO aims to raise approximately 1.87785 billion yuan, with 700 million yuan allocated for working capital and the remainder for two specific projects [10].