Core Viewpoint - Yunyinggu Technology is preparing for an IPO in Hong Kong with an expected fundraising scale of approximately $200 million, depending on market feedback [1] Group 1: Company Overview - Yunyinggu Technology was established in 2012 and is headquartered in Shenzhen, with R&D centers in Shanghai, Beijing, Kunshan, and Hong Kong [1] - The company specializes in the research and development of display driver chips and circuit boards, with key products including AMOLED display driver chips for high-end smartphones and Micro OLED display backplanes and driver chips [1] Group 2: Financial Performance - The company has shown steady revenue growth from 2022 to 2024, with revenues of 551 million, 720 million, and 891 million RMB respectively [1] - However, net losses have increased during the same period, amounting to 124 million, 232 million, and 309 million RMB respectively [1] Group 3: Market Position and Product Focus - In 2024, AMOLED display driver chips are expected to account for 91.6% of the company's revenue, making it the primary source of income, while Micro OLED display backplanes and driver chips will contribute only 8.4% [1] Group 4: Investment and Support - Since its inception, Yunyinggu Technology has completed over ten rounds of financing, with investors including Huawei Hubble, Xiaomi Group, Qualcomm, BOE Technology Group, and Visionox, along with support from several venture capital firms [1] - The company has submitted its listing application to the Hong Kong Stock Exchange, with CICC and CITIC Securities serving as joint sponsors [1]