Core Viewpoint - Yunhan Chip City has transformed from a traditional electronic component distributor to an industrial internet platform, focusing on digital reconstruction of the supply chain to address inefficiencies in servicing small and urgent demands in the industry [1][2]. Group 1: Supply Chain Reconstruction - The traditional distribution model incurs similar operational costs regardless of order size, leading to a lack of willingness to accept small orders, which is common in the electronic manufacturing sector [2]. - In response, the company launched a B2B online mall around 2010 to integrate scattered orders and reduce labor and process costs, marking a strategic shift towards a digital supply chain [2]. - The current business model consists of three collaborative segments: transaction platform, data services, and PCBA manufacturing, which collectively enhance user engagement and service extension [2]. Group 2: Data-Driven Core Competence - The company has developed a robust data platform with over 44 million electronic component SPU product data and 93 million parameter substitution relationships, significantly enhancing operational efficiency [4]. - The HiBOM intelligent selection tool reduces the processing time for BOM tables from days to minutes, achieving an accuracy rate exceeding 90% [4]. - Direct API connections with customer ERP systems facilitate a fully digital procurement process, improving efficiency and reducing hidden costs [4]. Group 3: Domestic and Global Strategy - The company collaborates with over 500 domestic manufacturers to build a database of over 780,000 substitution relationships, aiding more than 4,000 enterprises in domestic substitution projects [6]. - In 2023, a global operations center was established in Singapore to replicate successful domestic internet models internationally, enhancing global supply chain collaboration [7]. - The platform currently offers over 1.2 million models of domestic components, with a growing sales proportion of domestic products [7]. Group 4: Future Vision - The company aims to evolve from a supply chain entity to a foundational infrastructure platform that empowers the efficient and secure development of China's electronic industry [7].

Core Insights - Yunhan Chip City has transformed from a traditional electronic component distributor to an industrial internet platform, focusing on digital solutions to enhance supply chain efficiency [1][3][7] - The company is set to go public, aiming to raise funds for upgrading its data center and component trading platform, reinforcing its core business model [3][6] Group 1: Supply Chain Reconstruction - The traditional distribution model is inefficient for small orders, leading to a lack of service for "small and urgent" demands in the electronic manufacturing sector [3] - In 2010, the company launched a B2B online marketplace to integrate scattered orders and reduce operational costs, marking a strategic shift towards a digital supply chain [3][4] - The current business model consists of three collaborative segments: transaction platform, data services, and PCBA manufacturing, which collectively drive natural business growth [3][4] Group 2: Data-Driven Industrial Internet - The core of the industrial internet lies in data-driven capabilities, which the company has developed over more than a decade, creating a data platform with over 44 million electronic component SPU product data and 93 million parameter substitution relationships [5] - The HiBOM intelligent selection tool significantly reduces the time required for BOM processing from days to minutes, achieving over 90% accuracy [5] - The company has established a comprehensive quality inspection system, including a "golden sample" library, ensuring high-quality standards and preventing counterfeit products [5][6] Group 3: Domestic and Global Strategy - The company focuses on domestic production and global expansion, collaborating with over 500 domestic manufacturers to build a database of over 780,000 substitution relationships [7] - A new global operations center in Singapore was established in 2023 to replicate successful domestic internet models overseas, enhancing global supply chain efficiency [7] - The platform currently offers over 1.2 million models of domestic components, with a growing sales proportion of domestic products [7]