Southern Grid's digital entrepreneurship board IPO passed the listing committee meeting and successfully developed the "Fuxi" power-specific main control chip.

On September 26, Southern Power Grid Digital Grid Research Institute Co., Ltd. (referred to as Southern Network Digital) passed the meeting of the GEM Listing Committee of the Shenzhen Stock Exchange. The sponsor of this IPO is CMSC, and it plans to raise 2.5446 billion yuan. According to the prospectus, the company provides comprehensive digital construction solutions for industries such as electric power and energy based on new generation information technology, aiming to build a world-class digital and intelligent innovation platform for power grids. At the same time, the company is gradually expanding its products and services to fields such as transportation, water conservancy, gas, government affairs, public security, and urban construction with the technology and experience accumulated in the digital transformation of the power and energy industry. The company focuses on promoting the digital transformation of the power and energy industry and gradually developing three major business systems: digital grid, enterprise digitization, and digital infrastructure, driven by AI, cloud-edge-end integration, and software-hardware coordination. The company fully leverages the role of central enterprises in scientific and technological innovation, industry leadership, and security support, focusing on independent controllability and breakthroughs in key core technologies, accelerating the transformation of scientific and technological achievements into real productive forces. As of the date of signing the prospectus, the company has mastered 27 core technologies, including key technologies such as domestic independent power industry control chip, intelligent sensor design based on MEMS components for power multiple physical quantity, design, manufacturing and application of power quantum sensor key technology, full-stack independent controllable general equipment asset management technology, and artificial intelligence big model technology. The company focuses on the research and development of the "Dianhong" Internet of Things operating system for the power industry; develops and launches the independent controllable power industry "Dawatt" artificial intelligence big model; successfully develops the "Fuxi" power special control chip, promoting the transformation of core chips in the energy industrial control field from "imported general" to "independently special", and this achievement was selected for the "Top Ten National Treasures of Central Enterprises in 2021" by the State-owned Assets Supervision and Administration Commission of the State Council; independently developed the world's first set of miniaturized intelligent current sensors, overcoming the technical challenges of high-end sensors in China's power industry; the performance of the domestically produced power network security situational awareness system reaches a leading level. After years of development, relying on deep technical and product accumulation, as well as professional digital and intelligent solutions and services, the company has established cooperation relationships with many national central enterprises and industry leaders such as Southern Power Grid, Inner Mongolia Power Group, State Grid, China Huaneng, China Huadian, CGN, China Three Gorges Group, State Power Investment Group, China Railway Construction Corporation Group, China Railway Corporation, Beijing Energy Group, Guangzhou City Investment, and NavInfo Co., Ltd. Financially, the company achieved operating income of approximately RMB 5.686 billion, RMB 4.234 billion, RMB 6.09 billion, and RMB 1.558 billion in the 2022, 2023, 2024, and 2025 January to June respectively; during the same period, the company's net profits were approximately RMB 653 million, RMB 377 million, RMB 574 million, and RMB 15.47 million respectively.