Core Viewpoint - The article discusses the upcoming IPOs of two companies, Huazhi Jie and Xin Heng Hui, highlighting their business focus, market position, and financial projections. Group 1: Huazhi Jie - Huazhi Jie focuses on the smart control sector and is a key supplier of essential components for electric tools, having established long-term partnerships with major companies like Baide Group and TTI Group [1][3]. - The company aims to provide effective power management and drive solutions for lithium battery electric tools and consumer electronics, with products including smart switches, controllers, and brushless motors [2][3]. - Huazhi Jie has developed a comprehensive business layout in response to industry trends, with 32 core technologies that can be extended to smart home and new energy vehicle sectors [2][3]. - The company plans to use the funds raised from the IPO to expand its production capacity for electric tool components and to supplement working capital [4]. Group 2: Xin Heng Hui - Xin Heng Hui is an integrated circuit company specializing in chip packaging materials, with a focus on smart card business and related technologies [5][6]. - The company has established long-term partnerships with notable chip design firms and smart card manufacturers, with its products widely used in communications, finance, and identity verification [6]. - Xin Heng Hui has invested significantly in developing core technologies for its etching lead frame and IoT eSIM chip testing businesses, which are becoming new growth points for the company [6]. - The funds raised from the IPO will be allocated to the industrialization of high-density QFN/DFN packaging materials and the expansion of its R&D center [7].