Southern Grid Digital GEM IPO successfully developed the “Fuxi” power dedicated master control chip through the listing committee meeting

Zhitong Finance App learned that on September 26, China Southern Power Grid Digital Grid Research Institute Co., Ltd. (abbreviation: Southern Grid Digital) passed the Shenzhen Stock Exchange GEM Listing Committee meeting. The sponsor of this IPO is China Merchants Securities, which plans to raise 2,5544.6 billion yuan.

According to the prospectus, the company provides comprehensive digital construction solutions for customers in the power and energy industry based on next-generation information technology, and is committed to building a world-class digital and intelligent innovation platform for power grids. At the same time, with the technology and experience accumulated in digital transformation business practices in the power and energy industry, the company is gradually expanding its products and services into transportation, water and gas, government and public security, and urban construction.

With promoting the digital transformation of the power and energy industry as the main line, the company has gradually developed and built three major business systems: power grid digitalization, enterprise digitalization, and digital infrastructure driven by AI, cloud edge penetration, and software and hardware collaboration.

The company gives full play to the role of central enterprises in scientific and technological innovation, industry leadership, and safety support, focusing on autonomy and control, breaking through “stuck neck” technology, concentrating on advancing research on key core technologies, and accelerating the transformation of scientific and technological achievements into real productivity. As of the signing date of the prospectus, the company has mastered 27 core technologies, including key technologies for domestic autonomous power industry control chips, power multi-physical intelligent sensor design and common key technologies based on MEMS components, key technologies for the design, manufacture and application of power quantum sensors, full-stack autonomous and controllable general equipment asset management technology, and artificial intelligence large model technology.

The company developed the “Dianhong” IoT operating system focusing on the power industry; developed and launched the “big watt” artificial intelligence model for the autonomous and controllable power industry; successfully developed the “Fuxi” power master control chip to promote the transformation of China's core chips from “imported general use” to “independent use”. This achievement was successfully selected by the State Council's State-owned Assets Administration Commission in the “2021 Top Ten Central Enterprises and Countries”; independently developed the world's first miniature intelligent current sensor to overcome the technical problems of high-end power sensors in China; the domestic power network security situation sensing system reached a leading level of performance.

After years of development, the company has established cooperative relationships with China Southern Power Grid, Inner Mongolia Electric Power Group, China Power Grid, China Huaneng, China Huadian, CGN, China Three Gorges Group, China Power Investment Group, China Railway Construction Group, China Railway Co., Ltd., Beijing Energy Group, Guangzhou City Investment Group, Guangzhou City Investment Group, and Siweituxin.

On the financial side, in 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately RMB 5.686 billion, RMB 4.234 billion, RMB 6.090 billion, and RMB 1,558 billion respectively; during the same period, the company's net profit was approximately RMB 653 million, 377 million yuan, 574 million yuan, and 154.703 million yuan, respectively.