Core Viewpoint - Ruishi Chuangxin (Chongqing) Technology Co., Ltd. has completed the core preparatory work for its initial public offering (IPO), moving closer to its goal of listing on the Sci-Tech Innovation Board [1] Company Overview - Established in 2017, Ruishi Chuangxin focuses on the research, development, manufacturing, and sales of RF front-end discrete devices and modules for 4G and 5G, creating a vertically integrated system encompassing chip design, module integration, and filter wafer manufacturing [1] - The company has accumulated over 400 authorized patents, establishing strong technical barriers in key areas such as RF chip design and packaging testing [1] Product Development - The self-developed low-voltage P2N MMMB PAM product has been adopted by brand mobile phone customers, and the three-in-one satellite communication amplifier module has successfully entered the supply chain of leading flagship brands [2] - The company is promoting the mass supply of self-developed filter modules, enhancing its comprehensive competitiveness in the domestic RF front-end industry chain [2] Capital Support - Since its establishment, Ruishi Chuangxin has completed seven rounds of financing, raising over 1 billion yuan [5] - Major shareholders include OPPO (7.1761%), Huawei's Hubble Investment (6.905%), and Lei Jun's Shunwei Capital (5.87%), along with other key industry players [5][6] Market Potential - If Ruishi Chuangxin successfully lists on the Sci-Tech Innovation Board, it could become the first listed company in the integrated circuit sector in Chongqing, broadening its financing channels and accelerating technological iteration and capacity release [6] - The RF front-end market is expected to maintain growth due to the expanding applications in 5G, IoT, and satellite communications, positioning companies with full industry chain capabilities and validation from leading customers to capture larger market shares [6]

Core Viewpoint - Ruishi Chuangxin (Chongqing) Technology Co., Ltd. has completed its initial public offering (IPO) guidance work, marking a significant step towards its goal of listing on the Sci-Tech Innovation Board, backed by major industry players like Huawei and OPPO [1][3]. Group 1: Company Overview - Established in 2017, Ruishi Chuangxin focuses on the R&D, manufacturing, and sales of RF front-end discrete devices and modules for 4G and 5G, creating a unique full industry chain layout from chip design to module integration and filter wafer manufacturing [3]. - The company has accumulated over 400 authorized patents, forming a core technological advantage in key areas such as chip design and packaging testing, and has launched products like Sub6G L-PAMiF and satellite communication amplifier modules [3]. - Ruishi Chuangxin has attracted significant investment, raising over 1 billion yuan through seven rounds of financing, with OPPO as the largest external shareholder at 7.1761%, followed by Huawei's Hubble Investment and Shunwei Capital [3]. Group 2: Market Potential - If successfully listed on the Sci-Tech Innovation Board, the company will become the first listed company in the integrated circuit sector in Chongqing, which will broaden its financing channels and accelerate technology iteration and capacity release [4]. - The demand for RF front-end products is expected to grow continuously due to the expansion of emerging applications in 5G, IoT, and satellite communications, positioning Ruishi Chuangxin to capture a larger market share and contribute to the self-sufficiency of domestic RF chips [4].