Core Viewpoint - Beijing Jichuang Beifang Technology Co., Ltd. (referred to as "Jichuang Beifang") is preparing for its initial public offering (IPO) on the Sci-Tech Innovation Board, having previously withdrawn its application in March 2023 after being accepted in June 2022 [1] Company Overview - Jichuang Beifang is an internationally leading display chip design company established in 2008, focusing on the research, design, and sales of display chips, providing comprehensive solutions for various display panels and screens [1] - The company has developed a rich product portfolio, including panel display driver chips, power management chips, LED display driver chips, and control chips, while also actively exploring advanced display technologies such as small-pitch LED displays and silicon-based OLED displays [1] Market Position - Jichuang Beifang ranks first among global or mainland Chinese manufacturers in several segments of the display chip market, including: - First in market share for smartphone LCD display driver chips and LCD TDDI chips in mainland China [2] - First in market share for large-size display DDICs among mainland manufacturers [2] - First in market share for power management chips in the mainland China display panel market [2] - First in global market share for LED display driver chips from 2019 to 2023 [2] Research and Development Team - The company has built a strong R&D team with extensive technical expertise and industry experience, comprising over 64% of its 1,086 employees as of March 31, 2025, with 95% holding at least a bachelor's degree and over 52% holding a master's degree or higher [2] Supplier and Customer Relationships - Jichuang Beifang has established stable partnerships with major wafer manufacturers and testing service providers, ensuring consistent product quality and output [3] - The company has a robust customer base, including well-known panel and LED screen manufacturers such as BOE, Huaxing Optoelectronics, and LG Group, and its products are widely used by leading brands like TCL, LG, Samsung, OPPO, vivo, and Xiaomi [3] Shareholding Structure - As of July 31, 2025, the controlling shareholder of Jichuang Beifang is Zhang Jinfang, who holds a total equity stake of 39.97% through direct and indirect holdings [3]

Core Viewpoint - Beijing Jichuang Beifang Technology Co., Ltd. (referred to as "Jichuang Beifang") has restarted its IPO counseling for the Sci-Tech Innovation Board, with CITIC Securities as the counseling institution, after previously withdrawing its application in March 2023 [1][2]. Company Overview - Jichuang Beifang was founded in September 2008 and specializes in the research, design, and sales of display chips, providing solutions for various display technologies including LCD, LED, and OLED [4]. - The company has completed eight rounds of financing prior to its IPO attempt, with notable investors including Xiaomi, VIVO, Huawei Hubble, TCL, and others, achieving a post-investment valuation of 31.4 billion yuan by the end of 2021 [4][6]. Financial Performance - In the years 2019, 2020, and 2021, Jichuang Beifang reported revenues of 1.447 billion yuan, 2.38 billion yuan, and 5.674 billion yuan respectively, with net profits of -154 million yuan, 53 million yuan, and 932 million yuan, indicating a turnaround to profitability in 2020 [5]. Market Position - Jichuang Beifang holds the leading market share among mainland Chinese manufacturers for smartphone LCD display driver chips and TDDI chips, and has maintained the top global market share for LED display driver chips since 2019 [4]. Regulatory Issues - On July 4, 2023, the Shanghai Stock Exchange issued three fines against Jichuang Beifang and its chairman Zhang Jinfang due to violations during the IPO process, including incomplete disclosures and internal control deficiencies [2][3].

Core Insights - The China Securities Regulatory Commission (CSRC) disclosed the counseling report for Beijing Jichuang Beifang Technology Co., Ltd. (referred to as Jichuang Beifang) regarding its initial public offering (IPO) and listing on the Sci-Tech Innovation Board [1] - Jichuang Beifang is primarily focused on the research, design, and sales of display chips, providing comprehensive solutions for various display panels and screens [1] Company Overview - As of the report date, the controlling shareholder of Jichuang Beifang is Zhang Jinfang, who holds a total equity stake of 39.97% through direct and indirect holdings as well as concerted actions [1] - The company has developed a rich product portfolio in display chips, including panel display driver chips, power management chips, LED display driver chips, and control chips, covering mainstream display technologies such as LCD, LED, OLED, and AR/VR [1] Market Applications - Jichuang Beifang's products are widely used in smartphones, televisions, laptops, tablets, monitors, wearable devices, and various indoor and outdoor LED displays [1] - The company is also expanding into advanced display technology fields such as small-pitch LED displays and silicon-based OLED displays, while conducting research and development on SoC chips and automotive display chips to continuously expand its product line [1]