扬子晚报网12月26日讯（记者 范晓林 薄云峰 实习生 潘伊笑）12月25日，深交所上市委审议通过深圳大普微电子股份有限公司IPO申请，标志着创业板首 家未盈利企业成功过会。 | 对比维度 | 具体指标 | 企业级 SSD | 消费级 SSD | | --- | --- | --- | --- | | 应用领域 | | AI、云计算、大数据等数 | 电脑、手机、移动便益等消 | | | | 据中心应用场景 | 费电子场景 | | 主控芯片价格 | | 25~100+美元 | <5美元 | | 谷重 | | 2TB-128TB | 64GB - 4TB | | 性能 | 并行性 | 高 / 并行访问 以最少的延迟量访问存储设 | 一般/单进程访问 | | | 延迟 | 备,要求极低延迟 | 对于一般用户面言,可接受 的延迟相对较长 | | 可靠性 | 数据保护能力 | 高:断电保护、端到端数据 保护 准 | 低:基本数据保护,一般无 断电保护 | | | 数据安全 | 硬件加密,符合企业安全标 | 基本数据安全功能 | | | UBER(不可纠误 | <10-18 | <10-D | | | 個率) | | | ...

来源：21世纪经济报道 21世纪经济报道记者 杨坪 12月25日，深交所上市委审议通过深圳大普微电子股份有限公司（以下简称"大普微"）IPO申请，标志 着创业板首家未盈利企业成功过会。 此次IPO，大普微拟公开发行不超过4362.16万股，募集资金约18.78亿元，主要用于下一代主控芯片及 企业级SSD研发及产业化项目、企业级SSD模组量产测试基地项目以及补充流动资金。 作为国家级专精特新重点"小巨人"企业，大普微拥有156项发明专利，最近三年累计研发费用为7.37亿 元，占累计营业收入的36.15%。财务数据显示，2022年至2024年，大普微分别实现营业收入5.57亿元、 5.19亿元、9.62亿元。2025年，公司预计实现营业收入21.58亿元，同比增长124%，预计最早将于2026 年整体实现扭亏为盈。 业内人士指出，打造国产企业级SSD自主可控产业生态的需求日益强烈，不仅涉及供应链的安全，亦是 推动国内半导体产业发展的关键因素。在此背景下，发挥资本市场功能精准"浇灌"，支持头部企业加大 研发投入，推动技术创新，实现核心部件的自主可控，能够增强国内产业的竞争力，也有助于保障国家 信息产业的安全和可持续 ...

Core Viewpoint - The acceptance of Shenzhen Dapu Microelectronics Co., Ltd.'s IPO application marks the first instance of an unprofitable company being allowed to list on the ChiNext board, reflecting a new standard aimed at supporting innovative enterprises with high growth potential [4][6]. Group 1: Company Overview - Dapu Microelectronics is primarily engaged in the research and sales of enterprise-level solid-state drives (SSDs), with over 70% of its products utilizing self-developed main control chips [4]. - The company reported revenues of 557 million yuan, 519 million yuan, and 962 million yuan for the years 2022, 2023, and 2024 respectively, with net losses of 534 million yuan, 617 million yuan, and 191 million yuan during the same period [4]. - Dapu Microelectronics anticipates an 88.73% year-on-year growth in its main business revenue for 2024 and expects to achieve profitability by 2026 [4]. Group 2: Market Context - The company is ranked fourth in the domestic enterprise-level SSD market, holding a market share of 6.4% according to IDC data [4]. - The global demand for digital information infrastructure components has increased, emphasizing the need for domestic production capabilities in the SSD sector [5][6]. - The Chinese market is the second largest for enterprise-level SSDs, yet foreign manufacturers currently dominate the market share [5][6]. Group 3: Regulatory Environment - The China Securities Regulatory Commission (CSRC) announced the implementation of a third set of standards for the ChiNext board, facilitating the listing of unprofitable innovative companies [4][8]. - The Shenzhen Stock Exchange has established standards and regulatory arrangements for unprofitable innovative enterprises, allowing for a more inclusive approach to financing [8]. - The acceptance of Dapu Microelectronics' IPO application is seen as a response to market demands and aims to enhance support for technology innovation enterprises [8].