Core Viewpoint - The China Securities Regulatory Commission has approved the initial public offering (IPO) registration application of Yunhan Chip City (Shanghai) Internet Technology Co., Ltd., marking a significant step towards its listing on the Shenzhen Stock Exchange [1][3]. Company Overview - Yunhan Chip City is an electronic component distribution and industrial internet integration company, primarily providing one-stop supply chain services for the electronic manufacturing industry through its self-operated B2B online mall [6][8]. - The company was established in May 2008 and has undergone several rounds of financing, with major shareholders including Zeng Ye, Liu Yunfeng, and Shenzhen Capital Group [8][10]. IPO Details - The company initially planned to raise approximately 942 million yuan but has revised the target to about 522 million yuan, removing the "supplementary working capital" project from its fundraising plan [3][4]. - The funds will be allocated to three main projects: upgrading the big data center and component trading platform, building an electronic industry collaborative manufacturing service platform, and establishing smart shared warehousing [4][5]. Financial Performance - Yunhan Chip City's revenue for 2022, 2023, and 2024 is projected to be approximately 4.333 billion yuan, 2.637 billion yuan, and 2.577 billion yuan, respectively, with net profits of about 135 million yuan, 78.5917 million yuan, and 88.3328 million yuan [6][8]. - The company has experienced fluctuations in its financial performance, with a significant revenue decline of 39.14% in 2023 compared to the previous year [8]. Shareholder Structure - As of the latest information, Zeng Ye is the controlling shareholder and actual controller of Yunhan Chip City, holding a total of 35.19% of the shares [10]. - The company has a total of 34 shareholders, with several holding more than 5% of the shares, including Zeng Ye, Liu Yunfeng, and various investment funds [9][10].

Group 1 - The core viewpoint of the news is that Yunhan Chip City has received approval from the China Securities Regulatory Commission for its initial public offering (IPO) and listing on the Growth Enterprise Market, indicating a significant step towards entering the capital market [1] - Yunhan Chip City is an innovative high-tech enterprise that integrates electronic component distribution with industrial internet development, focusing on providing efficient and professional supply chain services for the electronic manufacturing industry [1] - The company aims to address the inefficiencies in the electronic components industry caused by information asymmetry between concentrated upstream manufacturers and dispersed downstream manufacturers through digital and intelligent transformation [1] Group 2 - As of now, Yunhan Chip City holds 17 invention patents and 255 software copyrights, with 75 technical personnel making up 8.67% of the total workforce, showcasing a strong emphasis on innovation and the presence of valuable composite talents [2] - The company's financial performance is on an upward trend, with a projected net profit of 88.33 million yuan for 2024, a year-on-year increase of 12.39%, and an expected revenue of 620 to 640 million yuan for Q1 2025, reflecting a growth of 9.58% to 13.12% [2] - The company plans to invest in upgrading its big data center and component trading platform, as well as building an electronic industry collaborative manufacturing service platform and intelligent shared warehousing, adhering to a development philosophy focused on online and data-driven business [3]