Group 1 - The China Securities Association announced the first batch of companies for on-site inspection of IPO applications in 2026, consisting of 11 companies [1] - These companies submitted their applications at the end of 2025, with most being accepted in December [2] Group 2 - The companies and their key information are as follows: - Luoyang Bearing Group Co., Ltd.: Plans to list on the Growth Enterprise Market, focusing on bearings and related components, with projected 2024 revenue of 467.49 million and net profit of 17.95 million [3] - Precision Laser Technology Co., Ltd.: Plans to list on the Sci-Tech Innovation Board, specializing in laser products, with projected 2024 revenue of 29.19 million and net profit of 11.14 million [3] - Guangdong Yuxin Semiconductor Technology Co., Ltd.: Plans to list on the Growth Enterprise Market, focusing on specialty process wafer foundry, with projected 2024 revenue of 168.13 million and a net loss of 250.34 million [3] - Shenzhen Hanno Medical Technology Co., Ltd.: Plans to list on the Sci-Tech Innovation Board, specializing in ECMO systems, with projected 2024 revenue of 4.93 million and a net loss of 18.28 million [3] - Guangdong Jiuan Intelligent Technology Co., Ltd.: Plans to list on the Growth Enterprise Market, focusing on smart visual product manufacturing, with projected 2024 revenue of 779.69 million and net profit of 10.15 million [3] - Suzhou LQ Intelligent Equipment Co., Ltd.: Plans to list on the Growth Enterprise Market, focusing on high-end intelligent equipment manufacturing, with projected 2024 revenue of 542.93 million and net profit of 17.43 million [3] - Jiangsu Gaokai Precision Fluid Technology Co., Ltd.: Plans to list on the Sci-Tech Innovation Board, focusing on key control components in precision fluid control, with projected 2024 revenue of 423.17 million and net profit of 9.52 million [3] - Shanghai Taosheng Electronic Technology Co., Ltd.: Plans to list on the Sci-Tech Innovation Board, specializing in semiconductor testing interfaces, with projected 2024 revenue of 331.07 million and net profit of 1.14 million [3] - China Salt Industry Corporation: Plans to list on the Shanghai Main Board, focusing on edible salt and industrial salt, with projected 2024 revenue of 704.40 million and net profit of 28.80 million [3] - Ruishi Chuangxin (Chongqing) Technology Co., Ltd.: Plans to list on the Sci-Tech Innovation Board, focusing on RF front-end chips and modules, with projected 2024 revenue of 66.86 million and a net loss of 36.58 million [3] - Blue Arrow Aerospace Technology Co., Ltd.: Plans to list on the Sci-Tech Innovation Board, focusing on liquid oxygen-methane engines and launch vehicles, with projected 2024 revenue of 427.83 million and a net loss of 113.80 million [3]

Core Viewpoint - Shanghai Taosheng Electronics Technology Co., Ltd. (Taosheng Technology) has received approval for its IPO on the Sci-Tech Innovation Board, aiming to raise 1.058 billion yuan for various projects and working capital [3]. Company Overview - Taosheng Technology was established in 2007 with a registered capital of 32.8 million yuan, focusing on the research, design, production, and sales of semiconductor test interfaces [3]. - The company is controlled by its actual controller, chairman, general manager, and COO Yin Lanyong, who collectively hold 44.83% of the shares [3]. Fundraising and Investment Plans - The company plans to use the raised funds for the construction of a semiconductor test interface and probe production base in Suzhou, R&D of wafer test probes, and the establishment of its headquarters and R&D center in Shanghai, among other projects [3]. Financial Performance - Taosheng Technology has shown steady revenue growth, with projected revenues of 165 million yuan, 209 million yuan, 331 million yuan, and 192 million yuan for the years 2022 to 2025, respectively [5]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, has fluctuated, with figures of 17.43 million yuan, -9.15 million yuan, 11.42 million yuan, and 7.88 million yuan for the same period [5]. - The comprehensive gross profit margins are reported at 42.95%, 34.96%, 35.99%, and 36.79% for the years 2022 to 2025 [5]. Client Base - The largest client for Taosheng Technology in 2023, 2024, and the first half of 2025 is referred to as "Client X" [6]. Compensation Structure - In 2024, the total compensation for directors, supervisors, senior management, and other core personnel is projected to be 7.2471 million yuan, accounting for 35% of the profits [7]. - Yin Lanyong's salary for 2024 is set at 1.12 million yuan [8].