Core Viewpoint - Yunhan Chip City officially launched its IPO process on September 11, 2023, aiming to issue 16.279025 million shares, representing 25% of the total share capital post-issue, marking a significant step into the capital market [1] Company Overview - Yunhan Chip City is an innovative high-tech enterprise that integrates electronic component distribution with industrial internet, focusing on serving the R&D, production, and procurement needs of small-batch electronic manufacturing [3][4] - The company operates a self-built B2B online platform that provides one-stop supply chain services for electronic components, including design solutions, PCBA manufacturing, and technical support, enhancing overall industry efficiency [3][4] Industry Context - The electronic components industry faces structural supply-demand mismatches, with traditional mass production models struggling to meet the diverse and frequent small-batch procurement needs of downstream manufacturers [3] - Approximately 56% of electronic component procurement is completed through distribution channels, with over 99% of electronic product manufacturers relying on these channels for material procurement [3] Business Model and Innovation - Yunhan Chip City leverages digitalization and intelligence to reconstruct traditional component distribution, integrating over 2,500 quality suppliers and real-time inventory data for precise supply-demand matching [4] - The company’s business model combines traditional distribution with industrial internet, aligning with the "three innovations and four new" positioning of the Growth Enterprise Market [4] Fundraising and Future Plans - The funds raised from the IPO will primarily be used for upgrading the big data center and component trading platform, building a collaborative manufacturing service platform, and developing an intelligent shared warehousing system [5][6] - This investment aims to strengthen Yunhan Chip City's leading position in digital transformation and collaborative innovation across the entire supply chain [6] Performance Metrics - For the year 2024, the company expects to achieve a net profit of 88.3328 million yuan, a year-on-year increase of 12.39%, and a net profit attributable to shareholders of the parent company of 84.0768 million yuan, up 19.77% [7] - For the first quarter of 2025, projected revenue is between 62 million and 64 million yuan, reflecting a growth of 9.58% to 13.12%, with net profit attributable to shareholders expected to be between 18 million and 21 million yuan, indicating a growth of 56.38% to 82.44% [7]