Core Viewpoint - The article highlights the entrepreneurial journey of Gu Tie, a prominent figure in the tech industry, who is on the verge of achieving his second IPO with his company, Shiya Technology, which specializes in silicon-based OLED microdisplays and has made significant strides in breaking foreign monopolies in high-tech fields [3][16]. Company Overview - Gu Tie, a graduate of Fudan University, has founded three technology companies: Yisui Technology, Guangwei Technology, and Shiya Technology, focusing on high-tech sectors and achieving domestic replacements for imported technologies [3][9]. - Shiya Technology is recognized as the third-largest global supplier of digital X-ray detectors and the leading supplier in China, having successfully listed on the Sci-Tech Innovation Board [3][9]. - Shiya Technology's silicon-based OLED microdisplays are crucial components for AR/VR devices, with the company positioned as the second-largest player globally, following Sony [4][15]. Market Position and Performance - Shiya Technology's silicon-based OLED microdisplays have achieved a market share of 35.2%, while Sony holds 50.8%, indicating a strong competitive position in the industry [15]. - The company has established partnerships with major clients, including DJI, ByteDance, and Lenovo, and is currently in the process of an IPO application on the Sci-Tech Innovation Board [5][33]. Financial Performance - Shiya Technology has shown steady revenue growth, with projected revenues of 1.90 billion, 2.15 billion, 2.80 billion, and 1.50 billion yuan from 2022 to the first half of 2025, respectively [26]. - The company has been operating at a loss, with net losses of 2.79 billion, 3.64 billion, 3.08 billion, and 1.43 billion yuan during the same period, primarily due to high R&D expenditures and investments in production capacity [29][30]. Future Outlook - The company anticipates achieving profitability by 2026, driven by the expected increase in demand for silicon-based OLED microdisplays [30]. - Shiya Technology plans to raise approximately 2.015 billion yuan through its IPO, with funds allocated for expanding production lines and building a research center [33].