Core Viewpoint - A new chip manufacturer, Unisoc Tongchuang, is planning an IPO, focusing on the development and sales of FPGA chips and EDA tools, with a strong emphasis on providing customizable solutions for various applications [1][2]. Company Overview - Unisoc Tongchuang was established in December 2013 with a registered capital of approximately 517 million yuan, specializing in programmable system platform chips (FPGA) and related EDA development tools [1]. - The company offers a full range of products across high, medium, and low-end segments, serving industries such as communications, industrial control, image and video processing, and consumer electronics [1]. - The company is headquartered in Shenzhen and has R&D centers in Beijing, Shanghai, and Chengdu [1]. Industry Insights - FPGA chips are recognized for their transformative "field programmability" and "reconfigurability," making them suitable for various applications, particularly in high-performance computing (HPC), edge computing, robotics, cloud platforms, and next-generation wireless networks [1][2]. - According to TrendForce, the global FPGA market is expected to reach approximately $12.58 billion by 2025, driven by the rapid development of emerging technologies such as 5G, cloud computing, and artificial intelligence [2]. Market Performance - Despite a challenging market environment, Unisoc Tongchuang's channel business revenue has successfully doubled, indicating a growing customer base and diversified market opportunities [2]. - The company aims to overcome revenue challenges and implement three major marketing plans to enhance competition, compliance, and product quality [3].

Core Insights - The company reported a revenue of 549 million yuan and a net profit attributable to shareholders of -21.30 million yuan for the year 2024 [1] - The company is positioned as a comprehensive provider of smart city, smart healthcare, and digital energy solutions, focusing on safety, intelligence, sustainability, and health [3] Smart City Initiatives - The company participated in the top-level design of smart buildings and completed the group standard "Smart Building Evaluation Standard," showcasing its capabilities in complex project implementation [1] - The company signed a supplementary agreement for the high-rise project in Chengdu Tianfu New Area, reinforcing its leading position in the smart commercial real estate sector [1] - The "Smart Town Precision Service System Construction" project won the Shanghai Quality Technology Progress Award [1] Cloud Platform Development - The company initiated projects such as the "Smart Building AIoT Platform" and "Smart Health Cloud Platform" to meet the digital upgrade needs of smart buildings [1] - Initial work on the Feicheng Digital Village Big Data Platform has been completed, and a project in Putuo District is in the final acceptance stage [1] Healthcare and R&D Achievements - The healthcare segment achieved breakthroughs in research and technology development, collaborating with the University of Electronic Science and Technology on various projects [2] - The company established close partnerships with major domestic manufacturers and achieved compatibility certifications for its products, ensuring stability and performance [2] - In 2024, the company invested 34.46 million yuan in R&D, applied for 29 software copyrights, and obtained 23 software copyright certificates and 8 invention patent authorizations [2] - The company released several low-code development tools, enhancing system and interface development efficiency [2]