Core Viewpoint - Shenzhen Zhiyan Technology Co., Ltd. has officially initiated its listing guidance with CICC as the advisory institution, showcasing strong revenue growth and future projections for significant increases in revenue [1][4]. Company Overview - Zhiyan Technology, established in 2017 and headquartered in Nanshan, Shenzhen, focuses on the research and development of smart home products and supply chain optimization [2]. - The company aims to become a global leader in the smart home sector, leveraging IoT, AI, and big data technologies to enhance user experience [2]. - Zhiyan's product range includes smart ambient lighting and small appliances, with its Govee brand achieving high market shares globally [2]. Financial Performance - In its second year, Zhiyan Technology reported revenues of 4.22 billion yuan, which increased to 5.27 billion yuan in the first half of 2020, indicating robust growth [1][4]. - Media reports suggest that revenues could reach 3 billion yuan in 2023 and exceed 4 billion yuan in 2024 [1][4]. Listing Guidance Process - The listing guidance will focus on ensuring the company operates independently across various aspects, including business, assets, personnel, and finance [2]. - The guidance will also emphasize the establishment of a sound internal decision-making and control system, as well as a robust financial management framework [2]. Future Plans - The company plans to participate in regulatory tests organized by the Shenzhen Securities Regulatory Bureau between August and September 2025, with a goal to submit a guidance acceptance report by October 2025 [3]. Investment Background - Prior to the listing guidance, Zhiyan Technology received investments from notable institutions, including a 40 million yuan investment from Anker Innovation in 2021 [4].

Core Viewpoint - Shenzhen Zhiyan Technology Co., Ltd. has officially initiated its listing guidance with CICC as the advisory institution, showcasing strong growth potential in the smart home industry [2][3]. Company Overview - Zhiyan Technology was established in 2017 and is headquartered in Nanshan District, Shenzhen. The CEO, Wu Wenlong, is one of the founders of Anker Innovations and the former CTO of Anker [2]. - The company focuses on the research and development of smart home products and optimizing the upstream and downstream supply chain, aiming to become a global leader in the smart home sector [2]. Financial Performance - The company achieved a revenue of 422 million yuan in 2019, which increased to 527 million yuan in the first half of 2020, indicating a rapid growth trajectory [4]. - Media reports suggest that Zhiyan Technology's revenue could reach 3 billion yuan in 2023 and exceed 4 billion yuan in 2024 [2][4]. Product Offerings - Zhiyan Technology's product range includes smart ambient lighting and small home appliances, leveraging independent research and high-quality standards to achieve strong sales in multiple global markets [2]. Investment and Funding - Prior to the listing guidance, Zhiyan Technology received investments from several well-known institutions, including a 40 million yuan financial investment from Anker Innovations in 2021, along with participation from Gaoling Capital and Zhongding Capital [3].

Core Viewpoint - In May, seven companies disclosed their IPO counseling filings, bringing the total number of new IPO counseling projects to 121 since 2025 [1] Group 1: Companies Disclosing IPO Counseling - Torrens Precision Manufacturing (Jiangsu) Co., Ltd. has recently completed a financing round of over 100 million yuan led by the State New Fund [1][3] - Jiangyin Bangte New Materials Technology Co., Ltd. reported a net profit of 12 million yuan in Q1, a year-on-year decline of 35.76% [1][5][7] - Shenzhen Zhiyan Technology Co., Ltd. received investments from prominent firms such as Shunwei Capital, Hillhouse Capital, and IDG Capital [1][9][10] - Zhuhai Glailey Friction Materials Co., Ltd. is known for its brake pads and has served major automotive clients like Mercedes-Benz and BYD [1][11][12] - Changsha Beidou Industry Safety Technology Research Institute Group Co., Ltd. aims to reinitiate its IPO after a previous termination [1][14][16] - Guangdong Jusen Precision Technology Co., Ltd. has seen a revenue decline in 2024 but an increase in profit [1][17][18] - Guangdong Baile Food Co., Ltd. recently signed a counseling agreement with China Merchants Securities for its IPO on the Beijing Stock Exchange [1][20][21] Group 2: Financial Performance Highlights - Torrens Precision has established itself as a leading supplier in the semiconductor equipment sector, with a complete manufacturing system for precision components [4] - Bangte Technology's revenue for 2023, 2024, and Q1 2025 was 806 million yuan, 899 million yuan, and 207 million yuan, with respective year-on-year growth rates of 9.87%, 11.52%, and 3.63% [7][8] - Zhiyan Technology aims to become a global leader in smart home products, with its Govee brand achieving significant market share [10] - Glailey's total assets are approximately 1 billion yuan, with a workforce of over 1,600 employees, and it expects to achieve nearly 800 million yuan in sales revenue for 2022 [11][13] - Beidou Institute reported a compound annual growth rate of 61.16% in revenue from 2020 to 2022, reaching 285 million yuan in 2023 [16] - Jusen Precision's revenue for 2022, 2023, and 2024 was 793 million yuan, 805 million yuan, and 778 million yuan, with a net profit increase of 48.25% in 2024 [18] - Baile Food's revenue has steadily increased from 1.261 billion yuan in 2022 to 1.912 billion yuan in 2024 [21]

Group 1 - Zhiyuan Technology, a well-known player in the cross-border smart home market, has initiated its listing process with the Shenzhen Securities Regulatory Commission, with CICC serving as the advisory institution [1] - Founded in 2017 and headquartered in Shenzhen, Zhiyuan Technology focuses on the research and development of smart home products and supply chain optimization, aiming to become a global leader in the smart home sector [1][2] - The company's product range includes smart ambient lighting and small appliances, with its Govee brand achieving significant market share globally due to its high-quality and innovative products [1][2] Group 2 - Govee specializes in RGB decorative lighting, offering a comprehensive product line that includes various types of smart lights and appliances, priced between $20 and $490, making them popular among consumers [2] - The R&D team at Govee constitutes over 70% of the company's workforce, reflecting a strong commitment to product innovation and continuous investment in research and development [2] - Govee's accompanying app has over 30 million installations, with users across multiple countries including the US, Canada, and several European nations [2] Group 3 - Anker Innovations invested 40 million yuan in Zhiyuan Technology in March 2021, acquiring a 1.26% stake to enhance its business layout and overall project quality [3] - The major shareholder of Zhiyuan Technology is CEO Wu Wenlong, who directly controls 55% of the company's shares [4]