Core Viewpoint - The company Jialichuang is progressing with its IPO on the Shenzhen Stock Exchange, aiming to raise 4.2 billion yuan, with its review status moving from "suspended" to "inquiry" [1]. Financial Performance - For the first half of 2025, Jialichuang reported a revenue of 467.91 million yuan and a net profit of 59.01 million yuan, showing growth compared to previous years [3]. - The company's revenue figures for the past four periods are as follows: 2022: 638.72 million yuan, 2023: 674.80 million yuan, 2024: 799.96 million yuan, and 2025 (first half): 467.91 million yuan [3]. - The net profit figures for the same periods are: 2022: 57.26 million yuan, 2023: 73.85 million yuan, 2024: 99.83 million yuan, and 2025 (first half): 59.01 million yuan [3]. Business Structure - Jialichuang's three core business segments are PCB manufacturing, electronic components, and PCBA, generating revenues of 1.82 billion yuan, 1.70 billion yuan, and 790 million yuan respectively in the first half of 2025, with year-on-year growth rates of 13.33%, 28.38%, and 49.9% [3]. - The revenue from the electronic assembly business has increased its share by 2.73 percentage points year-on-year [3]. Growth in Other Segments - The 3D printing business, while not a core segment, has shown rapid growth, generating 226 million yuan in revenue, a 73.18% increase year-on-year, with 3D printing specifically contributing 67.49 million yuan, up 39.1% [4]. Fund Utilization - The planned 4.2 billion yuan fundraising will be allocated to various projects: 1.2 billion yuan for high-layer PCB production line construction, 1.15 billion yuan for PCBA smart production line construction, 480 million yuan for R&D and IT upgrades, 740 million yuan for smart electronic components center and product line expansion, and 630 million yuan for mechanical industry chain production line construction [4]. Company Overview - Founded in 2006, Jialichuang is a leading one-stop infrastructure service provider in the electronic and mechanical industries, serving millions of electronic engineers globally [4]. - The company operates five modern digital production bases and has served over 7.1 million users across more than 180 countries and regions, covering strategic emerging industries such as AI, semiconductor chips, new energy vehicles, aerospace, and robotics [4].