Group 1 - Yunhan Chip City was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 30, with stock code "301563", marking a significant recognition of its innovative service model and technical capabilities in the electronic manufacturing supply chain [1] - The company focuses on enhancing the efficiency of the electronic industry chain through internet technology, targeting the R&D, production, and procurement needs of small-batch electronic components [1] - Yunhan Chip City has integrated thousands of quality suppliers globally, creating a comprehensive database with over 44 million electronic component SPUs, providing supply assurance for numerous downstream customers [1] Group 2 - The company has over 690,000 registered users and has served more than 158,000 enterprise clients, showcasing its extensive reach in the market [1] - Yunhan Chip City aims to extend its services across the supply chain, offering one-stop digital supply chain services, including product technical solution design, PCBA manufacturing, and technical support for electronic engineers [1] - The listing is seen as a new chapter for Yunhan Chip City, which plans to enhance its platform through big data and electronic industry collaborative manufacturing services, addressing pain points in the electronic industry chain [2]

9月30日，彩讯股份涨5.05%，截至发稿，报27.44元/股，成交4.06亿元，换手率3.46%，总市值123.81亿 元。 资料显示，彩讯科技股份有限公司位于广东省深圳市南山区高新南区科苑南路3176号彩讯科创中心31 层，成立日期2004年1月6日，上市日期2018年3月23日，公司主营业务涉及彩讯股份是一家产业互联网 技术和服务供应商,一直专注于企业信息化领域。主营业务收入构成为：技术服务61.25%，软件产品开 发与销售17.77%，系统集成16.86%，其他(补充)3.56%，其他业务0.56%。 从基金十大重仓股角度 数据显示，广发基金旗下1只基金重仓彩讯股份。广发改革混合（001468）二季度持有股数12.87万股， 占基金净值比例为1.77%，位居第十大重仓股。根据测算，今日浮盈赚取约16.99万元。 广发改革混合（001468）成立日期2015年7月27日，最新规模1.97亿。今年以来收益29.81%，同类排名 3289/8167；近一年收益33.53%，同类排名3586/8010；成立以来收益11.9%。 广发改革混合（001468）基金经理为陈少平。 截至发稿，陈少平累计任职时间18年 ...

证券时报记者 王一鸣 2001年从郑州大学毕业后，曾烨便前往深圳从事电子元器件线下分销业务，并于2002年成立了云汉电子（云汉芯城前身）。 "云汉"二字出自诗经中的大雅，古文意为银河。"创立公司时我们正值年轻。当时就觉得这个寓意很好。"曾烨回忆23年前为公司取名时说。 长期的摸爬滚打令曾烨熟知行业痛点：上游原厂高度集中、下游电子产品制造企业相对分散；上下游存在显著的信息不对称；大量中小批量需求面临搜寻成 本高、采购价格贵、假货多、服务差等困境。 "在传统线下分销时期，5000元和50万元订单，分销商内部从销售、采购、物流等流程相同，但流程走完后会发现5000元订单会亏钱，所以行业没人愿意服 务小而散的客户需求。但通过与产业互联网深度融合，就能以低成本为海量中长尾需求提供供应链服务。"他进一步解释说。 2010年，时值互联网电商潮起，嗅到商机的曾烨决定投身其中并谋求转型。短暂筹备酝酿后，2011年，云汉芯城线上商城正式上线，重点面向海量中长尾订 单需求，并着力解决"供应链冗长、服务标准缺失"等行业痛点，公司规模亦逐步扩大。 成功的道路并非一帆风顺，在曾烨的记忆中，2016年是一段充满挑战的岁月。当时，平台在用户 ...

9月18日，云汉芯城（301563）首次公开发行股票并在创业板上市网上路演在全景网成功举行。公司9月 19日开启网上、网下申购。云汉芯城董事长曾烨，首席财务官、董事会秘书周雪峰；以及保荐机构代表 国金证券执行总经理、保荐代表人丘永强和执行总经理、保荐代表人曾弘霖共同参加了公司上市路演活 动。 全景网了解到，云汉芯城新股发行价为27元/股，申购代码为301563。 了解云汉芯城首次公开发行股票并在创业板上市网上路演的更多精彩内容，可点击进入全景路演： https://rs.p5w.net/html/175792481090349.shtml 云汉芯城自2008年创立以来，重点聚焦电子制造产业中小批量电子元器件研发、生产、采购需求，通过 有效运用数字技术和互联网技术，基于自建自营的云汉芯城B2B线上商城，主要为电子制造产业提供高 效、专业的电子元器件供应链一站式服务，并延伸至产品技术方案设计、PCBA生产制造服务、电子工 程师技术支持等在内的多个领域。 云汉芯城首席财务官、董事会秘书周雪峰介绍公司研发费用时表示，2022年度至2024年度，公司研发费 用金额分别为6,169.79万元、4,898.57万元和4,5 ...

据了解，云汉芯城所在的电子元器件行业是国家重点支持的产业。在该领域内，由于上游厂商生产模式 通常以批量化规模生产为主，难以高效、完整覆蓋下游需求，而下游需求方以电子产品制造商为主，需 求端经常呈现短期或长期的波动，与供应端产出存在一定错配，导致上下游间存在一个规模巨大的流通 市场，分销商渠道应运而生。 9月11日，云汉芯城(上海)互联网科技股份有限公司(股票简称：云汉芯城，股票代码：301563)正式启动 招股，拟在创业板上市。公告显示，本次拟公开发行新股1627.90万股，约占公司本次公开发行后总股 本的25.00%。 招股书显示，云汉芯城是一家电子元器件分销与产业互联网融合发展的创新型高新技术企业，重点聚焦 电子制造产业中小批量电子元器件研发、生产、采购需求。具体来看，公司通过有效运用数字技术和互 联网技术，基于自建自营的云汉芯城B2B线上商城()，主要为电子制造产业提供高效、专业的电子元器 件供应链一站式服务，并延伸至产品技术方案设计、PCBA生产制造服务、电子工程师技术支持等在内 的多个领域。 公司在重视技术积累与创新的同时，也非常重视人才的培养，目前公司具备一支优秀的管理团队和实力 雄厚的研发团队。 ...

本报记者 张文湘 见习记者 占健宇 曾烨表示，公司平台目前已接入全球超2500家优质供应商的海量电子元器件库存数据信息，注册用户数 超过69.65万，累计服务企业客户超15.89万家。 打造产业互联网核心壁垒 "产业互联网的核心在于数据驱动。"曾烨强调，必须拥有对数据的强大获取、收集和分析能力，才能实 现数字化提效。 公开数据显示，云汉芯城投入十余年构建了包含超4400万电子元器件SPU产品数据、9300万条参数替代 关系的数据中台，并开发出HiBOM智能选型工具，将传统需2天至3天的人工BOM表处理压缩至分钟 级，解析准确率超90%。 从传统的电子元器件分销商，到如今的产业互联网平台，云汉芯城（上海）互联网科技股份有限公司 （以下简称"云汉芯城"）走过了二十余年的发展之路。在这条路上，董事长曾烨带领的团队始终聚焦一 个目标：用数字化手段重构电子元器件供应链，解决"小散临急"需求服务效率低的行业痛点。 近日，《证券日报》记者对曾烨进行了专访，深入探讨云汉芯城的成长逻辑、技术护城河以及未来战 略。 重构供应链中间环节 "任何一张5000元以下的订单，在线下分销模式下一定是亏钱的。"回顾起创业初期，曾烨表示，传统 ...

● 本报记者 乔翔 在电子元器件的世界，一颗颗尺寸微小的芯片，承载着智能时代的宏大叙事。然而，从原厂到产线，传 统流通链路往往需辗转多级分销，流程冗长、效率受限。一家上海企业正以数字化之力重塑这一路径 ——它就是专注电子元器件数字化供应链服务的云汉芯城。 "5000元和50万元的订单，在公司内部经过销售、采购、物流等一套流程后，成本其实是一样的。但 5000元的订单，走完这一圈后，一定亏钱。"云汉芯城董事长曾烨日前在接受中国证券报记者采访时， 一语道破电子元器件分销行业痼疾，"传统的电子元器件分销模式，依赖于大批量订单摊薄成本，而那 些小批量、多品种的研发级订单需求，却长期得不到很好的响应。" 2010年左右，在行业摸爬滚打已久的曾烨突然意识到，如果通过在线化的方式，整合大量零散的订单， 压缩供应链中间环节，减少操作损耗，是否能解决行业痛点并实现商业目的？这一问，问出了云汉芯城 的数字化初心。于是，云汉芯城开始自建平台，坚持在线化、数字化路径。 经过十余年的验证，基于对数字化内核的深度理解，云汉芯城逐渐从一家传统的线下代理商，蜕变为电 子元器件产业互联网的领军者。 积极打造数字基座 如果说"小散临急"是云汉数 ...

Core Insights - Yunhan Chip City has transformed from a traditional electronic component distributor to an industrial internet platform, focusing on digital solutions to enhance supply chain efficiency [1][3][7] - The company is set to go public, aiming to raise funds for upgrading its data center and component trading platform, reinforcing its core business model [3][6] Group 1: Supply Chain Reconstruction - The traditional distribution model is inefficient for small orders, leading to a lack of service for "small and urgent" demands in the electronic manufacturing sector [3] - In 2010, the company launched a B2B online marketplace to integrate scattered orders and reduce operational costs, marking a strategic shift towards a digital supply chain [3][4] - The current business model consists of three collaborative segments: transaction platform, data services, and PCBA manufacturing, which collectively drive natural business growth [3][4] Group 2: Data-Driven Industrial Internet - The core of the industrial internet lies in data-driven capabilities, which the company has developed over more than a decade, creating a data platform with over 44 million electronic component SPU product data and 93 million parameter substitution relationships [5] - The HiBOM intelligent selection tool significantly reduces the time required for BOM processing from days to minutes, achieving over 90% accuracy [5] - The company has established a comprehensive quality inspection system, including a "golden sample" library, ensuring high-quality standards and preventing counterfeit products [5][6] Group 3: Domestic and Global Strategy - The company focuses on domestic production and global expansion, collaborating with over 500 domestic manufacturers to build a database of over 780,000 substitution relationships [7] - A new global operations center in Singapore was established in 2023 to replicate successful domestic internet models overseas, enhancing global supply chain efficiency [7] - The platform currently offers over 1.2 million models of domestic components, with a growing sales proportion of domestic products [7]

Core Viewpoint - The S2B2C model is gaining momentum in China's industrial internet landscape, with major players like Alibaba and Tencent emphasizing its importance for future growth [1][2] Group 1: Industry Trends - Tencent's Ma Huateng predicts that the C-end market profits will diminish, suggesting that the future lies in the B-end market [1] - Alibaba's research institute identifies the S2B2C model as the golden opportunity for the next decade [1] - The shift from "heavy asset sales" to "light asset empowerment" is a significant transformation in China's industrial internet [1] Group 2: Company Insights - Huitongda Network has established a platform network covering 21 provinces and over 250,000 B-end member stores, positioning itself as a rare example of a "light asset, high value, strong cash flow" industrial empowerment platform [1] - Huitongda's S2B2C model focuses on dual empowerment through a smart supply chain that integrates "reverse + short chain + digitalization" and is driven by "AI + SaaS" [1][2] - The company has upgraded its "Qiancheng Cloud AI" model and partnered with Alibaba Cloud for comprehensive AI collaboration, achieving over 30% efficiency improvement in various operational aspects for member stores [2] Group 3: Strategic Development - Huitongda employs a dual-driven model of "industry + capital" to replicate its S2B2C experience across multiple sectors, including daily chemical products and instant retail [2] - The company has built a "platform + technology + supply chain" moat over its ten years of operation, converting 250,000 rural stores into platform endpoints, creating network effects and data barriers [2] - With the acceleration of consumption upgrades and digitalization in the 20 trillion yuan sinking market, Huitongda's S2B2C ecosystem is expected to become a critical infrastructure [2]

Core Viewpoint - Guangxi Fantang Technology Co., Ltd. is setting an industry benchmark for the digital transformation of China's traditional sugar industry through innovative practices and a strong focus on technology and market integration [1][2]. Industry and Company Research - The role of industrial internet platforms is crucial in driving the transformation and upgrading of traditional industries, with Fantang's sugar industry internet platform serving as a prime example [2]. - The platform enhances the efficiency of sugar spot circulation through a B2B e-commerce model, integrates supply chain services to break down information barriers, and extends from sugar circulation to agricultural planting [2][3]. - The Guangxi government has recognized the importance of developing public service platforms like Fantang's sugar trading platform, which will further innovate service models and improve efficiency [3]. - Guangxi is a major sugar production area, accounting for approximately 60% of China's total output, with over 20 million people involved in the sugar industry [3][4]. - Challenges in sugarcane planting include aging population, low profitability, and insufficient economies of scale, prompting Fantang to adopt a "one body, two wings" development strategy focusing on digital transformation [4]. - Fantang has developed a digital infrastructure for sugarcane production, covering the entire process from planting to settlement, with 99% of the planting area under contract as of June 2025 [5]. - The company operates a large-scale digital farm that integrates advanced agricultural technologies, achieving a 30% increase in sugarcane yield compared to the regional average [5]. - The platform aims to balance the interests of government, large sugar groups, and sugar factories, enhancing collaboration and efficiency across the supply chain [6][7]. - The upgraded Fantang e-commerce platform 2.0 offers a richer user experience and more flexible trading models, covering various sugar products and facilitating efficient supply-demand matching [9][10]. - The platform's features include electronic order signing, real-time monitoring of planting progress, and a standardized warehouse management system, reducing risks associated with traditional trade [10][11]. - Fantang has successfully integrated structured options into its trading contracts, allowing for premium sales for upstream enterprises and cost reductions for downstream clients [13][14].