Core Viewpoint - Shenzhen Zhimi Electronics Technology Co., Ltd. successfully listed on the National Equities Exchange and Quotations (NEEQ) on January 28, 2026, with the support of Shenwan Hongyuan Securities as the lead underwriter, showcasing its commitment to the capital market [1]. Group 1: Company Overview - Zhimi Electronics was established in 2016 and is recognized as a national high-tech enterprise and a "specialized, refined, distinctive, and innovative" small giant enterprise [3]. - The company focuses on integrated circuit design and core technologies for new power systems, providing domestic power IoT terminal OS systems and AI algorithms to support the construction of new power systems characterized by clean, low-carbon, safe, abundant, economically efficient, and flexible intelligence [3]. Group 2: Business Model and Technology - Zhimi Electronics has a long-standing focus on the power IoT sector, with its main business covering the research, design, and sales of power IoT chips, carrier communication units, measurement units, and related smart terminal products, forming a business model centered on "integrated circuit design," "industrial operating systems," and "AI power applications" [5]. - The company has invested continuously in core technology research and has established a technical system covering two major areas: wired and wireless communication, and large-scale integrated circuit design, including key technologies such as weak signal processing, carrier aggregation, channel estimation, and high-precision measurement of current and voltage [5][7]. Group 3: Product Development and Market Position - Zhimi Electronics has successfully launched multiple high-performance SoC chips with independent intellectual property rights, which have passed interoperability and performance testing certifications from the State Grid and Southern Power Grid, achieving large-scale commercialization [7]. - The company has built a strong reputation in the industry due to its excellent technical performance, good compatibility, and high reliability of its products [7]. Group 4: Future Outlook - Shenwan Hongyuan Securities played a crucial role in the listing project by leveraging its professional advantages and deep capital market experience to systematically analyze and accurately position the company's technological innovation capabilities, market competitiveness, and core advantages [7]. - The company aims to continue discovering and nurturing high-growth quality enterprises to help them achieve leapfrog development and support the implementation of innovation-driven development strategies [7].