Lvjing Semiconductor has been selected for the list of specialized, sophisticated, and new 'small giant' enterprises in Beijing.
On February 10, 2022, the Beijing Municipal Commission of Economy and Information Technology issued a notice announcing the list of enterprises tentatively identified as Beijing's specialized, refined, and new “small giant” enterprises for the second batch of 2021. China Zhongji Investment's portfolio company, Lvjing Semiconductor, was successfully included in the announced list.
The specialized, refined, and new initiative is organized by the Ministry of Industry and Information Technology. It aims to implement the Central Committee and State Council's Guiding Opinions on Promoting the Healthy Development of Small and Medium-sized Enterprises. This initiative guides SMEs to pursue specialized, refined, characteristic, and innovative development, enhancing their independent innovation capabilities and core competitiveness. It promotes the transformation, upgrading, and high-quality development of SMEs. The specialized, refined, and new “small giant” enterprises are the best among these companies. They are pioneers focusing on niche markets, possessing strong innovation capabilities, high market share, mastery of key core technologies, and high growth potential. The establishment of the Beijing Stock Exchange has also opened up an upward capital market channel for specialized, refined, and new enterprises. To further promote enterprise upgrading and transformation, and enhance their overall competitiveness, the Beijing Municipal Commission of Economy and Information Technology has carried out the selection and identification of Beijing's specialized, refined, and new “small giant” enterprises. Recently, they released the list of enterprises tentatively identified for the second batch of 2021. Founded in 2010, Lvjing Semiconductor focuses on the research and development and industrialization of storage control chips and storage products. It is a leading international manufacturer of enterprise-grade and industrial-grade solid-state hard drives. The company boasts over 30 years of innovation history and complete independent intellectual property rights. It holds over 30 important invention patents worldwide and possesses a complete team for chip design, hardware, systems, testing, firmware development, and business development. It focuses on the development and sales of industrial-grade NAND controllers and solid-state drives. The company's products are suitable for industrial-grade, enterprise-grade, and data center applications in harsh environments. In the industrial field, products are used in industrial control computers, automotive electronics, aerospace, medical equipment, and communications and networking. These include industrial-grade embedded onboard SSD storage products, industrial-grade pluggable SSD storage products, and various enterprise-grade/industrial-grade high-capacity SSD storage products for data centers, suitable for applications requiring high reliability and long life in harsh environments. Being selected for the list of tentatively identified specialized, refined, and new “small giant” enterprises in Beijing for the second batch of 2021 fully demonstrates Lvjing Semiconductor's strength in innovation capabilities, specialization, and refinement. It is also full affirmation of its commitment to independent innovation. China Zhongji Investment completed an equity investment in Lvjing Semiconductor in April 2021. China Zhongji Investment has always paid close attention to excellent enterprises in key areas with independent innovation capabilities. Many of its portfolio companies have been selected as specialized, refined, and new enterprises by the Ministry of Industry and Information Technology and the Beijing Municipal Government. In the future, China Zhongji Investment will continue to leverage its unique characteristics, combining government connections and market performance, to maintain its investment in specialized, refined, and new enterprises. It will continuously help innovative enterprises implement innovative projects and achieve healthy and stable development.
