**: Xiaocai Mier.
Xiaocai Mier noticed that on the evening of December 27, 2023, the China Securities Regulatory Commission (CSRC) disclosed that it agreed to the approval of the initial public offering of Xingchen Technology Co., Ltd., a GEM company.
Xingchen Technology Co., Ltd. ***
Xingchen Technology is the world's leading monitoring chip company, the main business is the research and development and sales of monitoring chips, and the products are mainly divided into intelligent security chips, intercom chips, and intelligent vehicle chips according to the application fields. During the reporting period, the composition of the company's main business income is as follows:
According to Frost &Sullivan, in the field of smart security, the company's share of the global IPC SoC market and the global NVR SoC market in terms of shipments in 2021 was 36., respectively5% and 387%, ranking first in the market;In the field of intercom, in terms of shipments, the company's share of the global USB conference camera chip market in 2021 will be 518%, ranking first in the market;In the field of smart vehicles, the company's share of China's dash cam chip market in 2021 is 240%, ranking second in the market, with a market share of 50 in China's 1080p and above dash cam chip market0%, ranking first in the market.
The prospectus discloses that Xingchen Technology has no actual controller, and MediaTek is the indirect equity holder of the company's largest shareholder, Sigmastar (Cayman). According to MediaTek's annual report, the group held about 32 shares in Xingchen, and as of the end of last year, the book value was about 856.6 billion yuan, last year and recognized related investment gains and losses 77.3 billion yuan.
On the evening of December 28, 2023, the China Securities Regulatory Commission (CSRC) disclosed that it agreed to the approval of the initial public offering of Shanghai Longcheer Technology Co., Ltd., a company on the main board of the Shanghai Stock Exchange.
Shanghai Longcheer Technology Co., Ltd. ***
Longcheer Technology is a technology enterprise engaged in R&D, design, manufacturing and comprehensive services of intelligent products, and belongs to the ODM industry of intelligent products. The company's main customers include Xiaomi, Samsung Electronics, Company A, Lenovo, Honor, OPPO, Vivo, China Post Communications, China Unicom, China Mobile, China Telecom, Company B, etc. The company's main products include smart phones, tablet computers, and AIoT products, and the revenue structure is dominated by smartphone revenue, supplemented by tablet and AIoT productsFrom the perspective of business type, the issuer's main business includes ODM business and professional services, and the revenue structure is mainly ODM business, supplemented by professional services. 
As of June 30, 2023, Longcheer Technology and its subsidiaries have obtained 412 software copyrights and 647 patents (including 127 invention patents). According to Counterpoint data, Longcheer Technology's smartphone shipments in 2022 reached 1With 3.8 billion units, accounting for 28% of the world's smartphone ODM IDH shipments, ranking first in the world, it has become a leading technology company in the field of smart product development and manufacturing.
In this IPO, Longcheer Technology plans to issue no more than 71.49 million shares to raise 1.8 billion yuan, of which 1.4 billion yuan will be used to expand production and build and upgrade R&D centers, and 400 million yuan will be used to supplement working capital.