Core Viewpoint - Jichuang Beifang is seeking to restart its IPO process on the Sci-Tech Innovation Board after previously withdrawing its application in March 2023, following a significant E-round financing in December 2021 that raised over 6.5 billion yuan and valued the company at over 30 billion yuan [2][4]. Group 1: Company Overview - Jichuang Beifang, established in September 2008 with a registered capital of 431 million yuan, is a leading domestic LED display company [2]. - The company has gained significant recognition in the display chip sector, having its products featured in major events such as the 70th anniversary of the founding of New China, the centenary celebration of the Communist Party, and the Beijing Winter Olympics [2]. Group 2: Recent Developments - At the ISLE 2025 exhibition, Jichuang Beifang showcased its latest LED display control chip, ICND6603, which is utilized in 0.78mm ultra-small pitch 8K large screens, enhancing display performance and reducing engineering complexity [3]. - The introduction of the innovative TCON (Timing Controller) architecture is expected to broaden the application possibilities for LED displays [4]. Group 3: Market Trends - The overall market has shown a subdued trend in the first half of the year; however, advancements in AI technology and the acceleration of automotive-grade product mass production are creating new demand growth points for Jichuang Beifang [4]. - The global IPO market is experiencing a recovery, with several LED-related companies updating their IPO progress, indicating increased support from the capital market for financing needs [4].