创业板首家!科技新兵大普微过会
证券时报·2025-12-25 11:02

Group 1 - The core viewpoint of the article highlights that Shenzhen Dapu Microelectronics Co., Ltd. has become the first unprofitable company to successfully pass the IPO review on the ChiNext board, marking a significant milestone in the capital market's support for innovative enterprises [2][6]. - Dapu Micro focuses on data center storage scenarios and is one of the few semiconductor storage product providers in China with comprehensive self-research capabilities in "main control chips + firmware algorithms + modules," achieving mass production [4][5]. - The company has achieved significant revenue growth, with projected revenues of CNY 21.58 billion in 2025, representing a 124% year-on-year increase, and aims to turn profitable by 2026 [4]. Group 2 - The demand for a domestically controlled enterprise-level SSD ecosystem is increasing, which is crucial for supply chain security and the development of the domestic semiconductor industry [5]. - The ChiNext board has enhanced its inclusivity and adaptability, with nearly 90% of its listed companies being high-tech enterprises, reflecting the capital market's commitment to supporting innovative growth [6][7]. - The introduction of the unprofitable listing standard has been positively received, allowing for better financing channels for innovative companies, which is essential for overcoming early-stage funding bottlenecks [7].