Core Viewpoint - The event held in Wuhan's East Lake High-tech Zone announced the "Grazing Selected" and "Potential Star" enterprises, highlighting the region's commitment to fostering high-potential companies and creating a service platform for "Grazing" enterprises [1][3]. Group 1: Grazing Selected Enterprises - A total of 100 enterprises were recognized as "Grazing Selected," with 20 designated as "Potential Stars" [1]. - The East Lake High-tech Zone aims to establish the first domestic service platform for Grazing enterprises, named "Grazing Yuan" [1]. - Since 2011, the region has identified and nurtured 1,862 Grazing enterprises, resulting in 26 listed companies and 8 unicorns [1]. - The "Grazing Selected" enterprises are characterized by new industry tracks, strong innovation capabilities, and high investment value, with an average of over 50% of employees in R&D and nearly 60 million yuan in equity financing over the past three years [3]. Group 2: Potential Star Enterprises - The "Potential Star" enterprises focus on disruptive technology startups, covering industries such as biopharmaceuticals, semiconductors, lasers, and information science [4]. - These enterprises are in a rapid growth phase and possess certain technological advancements in their respective fields [4]. - The financial support system will provide comprehensive assistance from technology R&D to market expansion for these enterprises [4]. Group 3: Financing and Collaboration - During the event, 10 listed enterprises reached financing cooperation intentions with financial investment institutions, and 5 enterprises conducted financing roadshows [6]. - The East Lake High-tech Zone plans to integrate policies, funds, and service resources to address the growth challenges of enterprises, aiming to accelerate their development and establish new growth points for the regional economy [6].

Core Viewpoint - The recent surge in IPO applications on the Shanghai, Shenzhen, and Beijing Stock Exchanges indicates a growing interest in innovative and high-quality small and medium-sized enterprises, particularly in the technology sector, reflecting a shift towards becoming a hub for hard-tech companies [3][4]. Group 1: IPO Statistics - From June 12 to June 21, a total of 30 IPO applications were accepted across the three exchanges, with the Beijing Stock Exchange accounting for 15 of these, representing 50% of the total [1][3]. - On June 19, the Beijing Stock Exchange set a new record for the number of IPO applications accepted in a single day, with five companies receiving approval [3]. - Among the 30 companies, 16 are projected to achieve profits exceeding 100 million yuan in 2024 [1][7]. Group 2: Fundraising Amounts - The leading company in terms of fundraising is Shanghai Super Silicon, which aims to raise approximately 4.965 billion yuan, focusing on semiconductor silicon wafer production [4]. - Other companies with fundraising targets exceeding 1 billion yuan include Huikang Technology (1.797 billion yuan), Weitongli (1.594 billion yuan), and Hengyun Chang (1.55 billion yuan) [4][5]. Group 3: Unprofitable Companies - Two unprofitable companies, Shanghai Super Silicon and Zhaoxin Integrated, have also submitted IPO applications, reflecting a regulatory shift allowing unprofitable tech firms to list on the Sci-Tech Innovation Board [6][7]. - Financial data indicates that both companies have projected losses for the years 2022 to 2024, with Shanghai Super Silicon expecting losses of approximately 8.03 billion yuan in 2022 and 12.99 billion yuan in 2024 [7]. Group 4: Repeat IPO Attempts - Eight companies among the newly accepted IPOs are making a second attempt to go public, accounting for about 26.67% of the total [9]. - Notably, Shangshui Intelligent is attempting to list on the ChiNext after withdrawing its previous application from the Sci-Tech Innovation Board just over a year ago [9][10].

Core Insights - The technology content of newly listed companies in China is continuously improving, with nearly 2,700 companies in strategic emerging industries listed on the Shanghai, Shenzhen, and Beijing stock exchanges, accounting for over 40% of the market capitalization [1] - In 2024, more than 90% of new listings on the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange will belong to strategic emerging industries or high-tech enterprises, highlighting the focus on key core technology sectors [1] - A number of representative hard-tech companies in critical core technology fields have successfully gone public, indicating a trend towards innovation-driven growth in the market [1]