The IPO of the Creative Entrepreneurship Board has been inquired, mainly engaged in the research and development, packaging testing, production and sales of semiconductor memory.

On July 17, Shenzhen Sichuangyi Electronics Co., Ltd. (referred to as Sichuangyi) applied for the change in the listing review status of the Shenzhen Stock Exchange's ChiNext board to "inquiry received." CITIC SEC is its sponsor institution, and it plans to raise 1.842 billion yuan. According to the prospectus, Sichuangyi is mainly engaged in the research and development, packaging testing, production, and sales of semiconductor storage, with its main products categorized into embedded storage chips and storage modules. The main application areas of its products include AI intelligent terminals, Siasun Robot & Automation, smart cars, industrial and medical equipment, and it has actively entered the fields of AI data center storage and vehicle-grade storage. Specifically, the types of embedded storage chip products cover eMMC, UFS, LPDDR5X/4X, ePOP, etc., widely used in areas such as smartphones, AI PCs, smart tablets, set-top boxes, smart TVs, smart wearables, automotive applications, panoramic cameras, educational electronics, drones, Siasun Robot & Automation, 5G modules, 3D printing, etc. Storage module products include solid-state drives, memory modules, and mobile storage, mainly used in AI PCs, monitoring devices, smart educational devices, esports equipment, automotive applications, and other fields. The company's main products have the characteristics of high performance, high quality, and innovative product design. In terms of raw materials, the core raw materials for the company's storage products are storage wafers and chips, and control wafers and chips, with a complete supplier procurement system in place. The important materials involved in the production process of the products mainly include NAND Flash wafers and chips, DRAM wafers and chips, control wafers and chips, substrates, PCB, etc. During the reporting period, the proportion of purchases from the company's top five suppliers was 66.61%, 70.10%, and 65.69%, showing a high concentration. The company's main raw materials, NAND Flash wafers and DRAM wafers, are concentrated among a few suppliers globally, such as Samsung, Micron, SK Hynix, Kioxia, SanDisk, with large operational scales and market influence. At the same time, the company's export revenue accounts for a high proportion, with the proportion of export revenue in the main business revenue during the reporting period being 62.17%, 57.55%, and 52.12%, showing a reliance on a stable international trade situation. Financially, in the years 2023, 2024, and 2025, the company's operating income is expected to be approximately 1.977 billion yuan, 2.218 billion yuan, and 4.271 billion yuan, respectively. Meanwhile, the net profit is expected to be approximately -23.89 million yuan, 29.708 million yuan, and 577 million yuan during the same period.