GEM makes a new breakthrough: the first unprofitable company has received approval for IPO registration.

On January 23, the China Securities Regulatory Commission approved the first public offering of shares by Shenzhen Dapuwei Electronics Co., Ltd. This marks the first approval of an IPO registration for a non-profit enterprise in the Growth Enterprise Market. Dapuwei is mainly engaged in the research and development and sales of enterprise-level SSD products for data centers. It is one of the few companies in China with self-developed capabilities in enterprise-level SSD "controller chip + firmware algorithm + module" stack and the ability to mass produce semiconductor storage products.