Dapu Micro Secures GEM IPO Approval

On December 25th, Shenzhen Dapu Microelectronics Co., Ltd. (hereinafter referred to as "Dapu Micro") successfully obtained approval for its Initial Public Offering (IPO) on the ChiNext Board (GEM) from the Listing Committee of the Shenzhen Stock Exchange.

According to official data, Dapu Micro mainly engages in the R&D and sales of enterprise-grade SSD (Solid-State Drive) products for data centers. It is a leading semiconductor storage provider in the industry and one of the few domestic companies with full-stack independent R&D capabilities for enterprise-grade SSDs — covering controller chips, firmware algorithms, and modules — and has achieved mass shipments.

Financial data shows that Dapu Micro recorded revenues of $79.54 million, $74.11 million, and $137.37 million in 2022, 2023, and 2024 respectively. For 2025, the company forecasts revenue of $308.16 million, representing a year-on-year increase of 124%, and expects to achieve an overall turnaround to profitability as early as 2026.

As of June 30, 2025, Dapu Micro's cumulative shipments of enterprise-grade SSDs have exceeded 4,900PB, with over 75% of shipments equipped with self-developed controller chips.

According to the prospectus, Dapu Micro's downstream clients and end-users include leading domestic and international internet, cloud computing, and AI enterprises such as Google, ByteDance, Tencent, Alibaba, JD.com, Baidu, Meituan, Kuaishou, Xiaohongshu, and Didi; top domestic server manufacturers including H3C, XFUSION, ZTE, Huakun Zhenyu, and Lenovo; as well as China's three major telecom operators — China Telecom, China Mobile, and China Unicom. Additionally, in 2025, Dapu Micro began sales to DeepSeek and has completed testing and qualification with two global leading AI frontier companies, NVIDIA and xAI, with gradual shipment volume growth expected in the future.