Core Viewpoint - Hualan Micro, a storage controller chip company based in Hangzhou, is restarting its IPO process after previously withdrawing its application in May 2024 due to strategic considerations [2][3][10] Company Overview - Hualan Micro was established on July 15, 2011, with a registered capital of 150 million yuan [2] - The company operates in the computer, communication, and other electronic equipment manufacturing industry [2] - The company has no controlling shareholder or actual controller, and this situation has not changed in the last two years [2][5] Financial Performance - Hualan Micro's revenue from 2019 to the first three quarters of 2023 was as follows: - 2019: 291 million yuan - 2020: 435 million yuan - 2021: 595 million yuan - 2022: 565 million yuan - 2023 (first three quarters): 348 million yuan - The net losses during the same period were: - 2019: 22 million yuan - 2020: 132 million yuan - 2021: 88 million yuan - 2022: 25 million yuan - 2023 (first three quarters): 54 million yuan [3] Business Development - The company has expanded its business through acquisitions, including the control of Jiyue Industrial and the acquisition of Zhizhi Technology, enhancing its product offerings from chips to modules and system-level applications [3] - Hualan Micro has undergone multiple rounds of financing, completing 14 rounds from 2013 to 2024, with notable investors including Shenzhen Capital Group, Silver River Capital, and TCL Venture Capital [5][6] IPO History - Hualan Micro previously applied for an IPO on the Sci-Tech Innovation Board in December 2022, aiming to raise 657 million yuan, but withdrew the application in May 2024 after only one round of inquiries [2][3] - The current IPO advisory is still provided by Huatai United Securities, the same institution that assisted in the previous IPO attempt [3] Shareholding Structure - The largest shareholder, Hualan Chuanghe Partnership, is controlled by the founder, Luo Jianjun, who holds 1.5% of the shares, while another shareholder, Zhou Bin, holds 1.012%, collectively controlling 8.41% of the company [7] - The company has multiple investors, leading to a dispersed shareholding structure without a dominant controlling party [5][9]