致力于以芯片创新之力，赋能一个更加智能、更加美好的世界。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，爱芯元智半导体股份有限公司（以下简称"爱芯元智"）于2026年2月10日正式 以"0600"为股票代码在港交所挂牌上市，成为"中国边缘AI芯片第一股"。 爱芯元智在本次IPO中发行104,915,200股H股。其中，香港公开发售获104.82 倍认购，国际发售 获6.8倍认购。同时，爱芯元智在本次发行中引入了一个多元化的基石投资阵容，累计认购1.85亿美 元。 截至10:35，爱芯元智报于每股28.90港元，市值170亿港元。 爱芯元智创始人、董事长兼执行 董事仇肖 莘博士在上市致辞中表示 ："此次上市是爱芯元智发展的 关键里程碑，也意味着更大的社会责任与新征程的开启。未来，我们将以平台型战略纵深布局，持续 突破技术边界、拓展业务版图，加速推动AI从智能感知向具身智能跃迁。 我们坚信，AI的价值主战场正在端侧与边缘侧全面展开。爱芯元智的边端AI芯片，正是这场变革的核 心基石。秉持'普惠AI，造就美好生活'的使命，践行'构建世界一流的感知与计算平 ...

Core Viewpoint - Aixin Yuanzhi Semiconductor Co., Ltd. has officially listed on the Hong Kong Stock Exchange under the stock code "0600" on February 10, 2026, marking a significant milestone for the company and the rise of China's edge AI computing industry [3][4]. Group 1: Company Overview - Aixin Yuanzhi is recognized as the "first stock of China's edge AI chips" and has attracted investments from numerous well-known financial institutions and industrial capital [4]. - The company was founded by Dr. Qiu Xiaoxin, who has a strong technical background and leadership experience from major firms like Broadcom and Unisoc [5]. Group 2: Investment Insights - Yao Tu Capital began investing in Aixin Yuanzhi in 2020, recognizing the company's strong technical capabilities and strategic vision [5]. - The investment decision was influenced by the team's collaboration and transparency, which fostered a productive environment for innovation [5]. Group 3: Market Trends - The success of Aixin Yuanzhi's listing is seen as a signal of the development of China's edge AI computing industry, which focuses on low latency, strong privacy, and high energy efficiency [6]. - The market for edge AI is expanding due to advancements in smart vehicles, robotics, and AI-enabled devices, creating a diverse blue ocean market [6]. Group 4: Future Outlook - Yao Tu Capital has made systematic investments across various sectors, including foundational hardware, basic software, and application layers, indicating a comprehensive approach to the AI industry [7][8]. - The company aims to continue supporting innovators in the DeepTech space with a long-term commitment to driving the arrival of the intelligent era [8].

作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，爱芯元智半导体股份有限公司（以下简称"爱芯元智"）于2026年2月10日正式 以"0600"为股票代码在港交所挂牌上市。 作为"中国边缘AI芯片第一股"，爱芯元智成立至今已获得数十家知名财务投资机构及产业资本的投 资。其中， 启明创投于2020年初领投了爱芯元智的Pre-A轮融资，是公司最早的投资方，并在后续 两轮融资中继续支持公司发展。IPO前，启明创投持有爱芯元智超6%的股份，是公司第二大机构投 资方。 启明创投主管合伙人周志峰表示："爱芯元智团队既有芯片产业的深厚积淀，又具备领先的AI算法核 心实力，更坚持平台型战略，通过IP技术纵向迭代与应用领域横向拓展形成差异化优势，也让我们坚 信其能在AI芯片领域持续成长。我期待爱芯元智在IPO后迎来更多创新、跑出更快的加速度。启明创 投始终坚信投资AI是未来二十年中国投资最大的确定性，更坚持 '快半步'的投资逻辑，在技术突破 已验证、市场共识未形成时果断布局。同时以'早期介入、全程陪伴'的方式深度赋能企业，从核心技 术研发攻坚到商业化落地，再到资本市场上市全程护航。爱芯元智成功 ...

为小马智行的自动驾驶技术提供了部署应用的坚实载体。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息，首台量产版铂智4X Robotaxi于2月9日正式下线。此次下线标志着小马智行与 丰田中国、广汽丰田的战略合作，正式迈入规模化生产与运营的全新阶段，也充分体现了三方在自动 驾驶技术、整车制造与供应链领域的协同优势。 小马智行副总裁莫璐怡表示： "铂智4X Robotaxi量产版下线，是三方合作从技术突破迈向量产的关 键跨越，也为小马智行的自动驾驶技术提供了部署应用的坚实载体。小马智行 Robotaxi 的发展历 程，一路见证了我们与丰田合作的不断深化。我们在北上广深等一线城市积累的复杂场景处理能力， 与丰田在整车制造、质量管理和量产体系上的深厚积淀高度互补。" 此次合作为主机厂与自动驾驶科技公司的深度协同提供了新范本，也将助力丰田 "为所有人提供移动 的自由（Mobility for All）" 这一愿景在中国市场的加速实现。小马智行、丰田中国与广汽丰田将 上述合作不仅展现了自动驾驶技术从小规模验证走向大规模量产的清晰路径，也见证了小马智行与丰 田 ...

多家国内大模型企业都计划于春节前后发布新一代模型。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，"全球大模型第一股"智谱（2513.HK）今日股价再创新高，市值突破1200亿港 元。 事实上，包括 DeepSeek、智谱在内的多家国内大模型企业都计划于春节前后发布新一代模型。 日前 ， 全球模型服务平台 OpenRouter 就 上架了一个名为「 Pony Alpha」的神秘模型，并 迅速 在 24小时内登顶平台热度榜首，全球开发者 均积极参与测试与讨论。 当然，之所以受到如此大的关注度，还是由于这款模型具有 强大的编码能力、超长上下文窗口及针 对智能体工作流的深度优化 。 OpenRouter官方 则 将 Pony Alpha描述为"前沿基础模型"，在编 另据 OpenRouter合作方Kilo Code在其博客中留下了一个隐晦的线索，称Pony Alpha是"某个全 球实验室最受欢迎的开源模型的专项进化版"。 这意味着， Pony Alpha 更有 可能是智谱即将发布 的新一代模型 GLM-5。 一方面， GLM系列模型近年来在代码生成和智 ...

Group 1 - The core viewpoint of the article highlights RayNeo's AI + AR smart glasses as a significant representation of Chinese technology on the international stage, particularly at the 2026 Milan-Cortina Winter Olympics [1][5] - RayNeo has been recognized as the leading consumer-grade AR glasses brand in China for four consecutive years and showcased its first eSIM smart glasses at CES 2026, attracting significant attention [1][5] - The flagship smart glasses, RayNeo X3 Pro, have been selected as one of Time magazine's "Best Inventions of 2025" and are popular among athletes from various countries for their advanced features [3][5] Group 2 - The smart glasses market is currently a hot sector within the AI hardware industry, valued in the hundreds of billions, with RayNeo leading both the global and Chinese AR smart glasses markets [5] - RayNeo has successfully secured over 1 billion yuan in strategic financing from investment institutions such as China Mobile and China Unicom at the beginning of 2026, indicating strong investor confidence [5] - The company aims to deepen its global presence and continue to leverage its technological strengths to lead innovation in the industry [5]

全球化战略迎来新征程。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 追觅 "星空计划"首款旗舰概念车 这一大胆的品牌攻势，根植于追觅科技深厚的全球化市场根基 。自 2017年成立之初，追觅科技便 定位全球高端市场，优先切入美国、新加坡、韩国、德国、法国等发达国家。目前，追觅科技已进入 全球超120个国家和地区，全球实体门店数量超6500家，服务超4200万家庭。 据 IPO早知道消息，在 全美一年一度的体育文化盛事 "超级碗" 上 ，追觅科技投入千万美金，登陆 赛事独家转播平台 NBC的黄金广告位，向亿万观众展示了涵盖智能出行、智能厨电、智能个护、智 能大家电、智能清洁等全场景智能生态，是中国首个霸屏全美的硬科技品牌。 "超级碗"以其庞大的收视规模与文化影响力，成为全球商业与品牌影响力的试金石。此次登陆， 追 觅科技将借助这一顶级流量入口，在北美乃至全球主流消费者心中，系统性建立 "高端智能生态品 牌"的认知，突破中国品牌长期面临的定价与认知天花板。 在超级碗赛事期间，追觅 "星空计划"旗舰概念车高调刷屏全美，展示了其在底盘、电池、AI交互、 智能座舱等核心领域的 ...

Group 1: IPO Overview - Zhuozheng Medical Holdings Limited (Zhuozheng Medical) was listed on the Hong Kong Stock Exchange on February 6, 2026, under the stock code "2677" [3] - The IPO raised a total of HKD 284 million by issuing 4,750,000 shares, with a subscription rate of 2730.73 times for the Hong Kong public offering and 5.79 times for the international offering [3] - Zhuozheng Medical's cornerstone investors include notable figures and companies such as He Xiaopeng, CEO of Xiaopeng Motors, and leading firms in the AI sector [4] Group 2: Company Performance - Zhuozheng Medical focuses on the high-end medical service market, targeting affluent consumers who prefer personalized healthcare [4] - The company ranked first and second among private high-end comprehensive medical service institutions in China based on the number of cities covered and patient visits projected for 2024 [4] - Revenue figures for Zhuozheng Medical from 2022 to 2024 are as follows: CNY 473 million, CNY 690 million, and CNY 959 million, with a compound annual growth rate (CAGR) of 42.2% [4] - Gross profit for the same period was CNY 44 million, CNY 134 million, and CNY 226 million, with a CAGR of 126.7% [4] - The company achieved profitability in 2024, with an adjusted net profit of approximately CNY 10.45 million in the first eight months of 2025 [4] Group 3: North Star Life - North Star Life Technology Co., Ltd. (North Star Life) was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on February 5, 2026, under the stock code "688712.SH" [6] - North Star Life specializes in innovative medical devices for cardiovascular disease diagnosis and treatment, having launched 11 products and having 6 in development as of September 30, 2025 [6][8] - The company's core products include the IVUS system and FFR system, both of which are recognized as leading innovations in China [7] Group 4: LuKe Technology - LuKe Technology (Beijing) Co., Ltd. (LuKe Technology) submitted its prospectus for listing on the Hong Kong Stock Exchange on February 6, 2026 [10] - Established in 2014, LuKe Technology focuses on smart locks and home security solutions, leading the market in China with a 5.8% share in 2024 [11] - The company reported revenues of CNY 1.015 billion in 2023 and CNY 1.086 billion in 2024, with a projected increase in revenue for the first three quarters of 2025 [11] Group 5: Tianyi Space Technology - Tianyi Space Technology Co., Ltd. (Tianyi Research Institute) signed a counseling agreement to initiate its A-share IPO process on January 27, 2026 [14] - The company has successfully launched 38 satellites, filling a gap in China's commercial SAR satellite market [15] - Tianyi's services include high-quality SAR data for various applications, contributing to disaster prevention and infrastructure monitoring [15] Group 6: BoRuiKang Technology - BoRuiKang Technology (Shanghai) Co., Ltd. (BoRuiKang) initiated its IPO process on the Sci-Tech Innovation Board on February 4, 2026 [18] - The company specializes in brain-machine interface technology and has successfully conducted surgeries using its product, NEO, in multiple hospitals [19] - BoRuiKang has received significant investments from various venture capital firms and aims to enhance its product capabilities in future iterations [19]

Core Viewpoint - The article highlights the successful hosting of the world's first large-scale robot gala, "AGIBOT NIGHT 2026," showcasing the advancements in Chinese robotics and marking a significant transformation from robots performing individual tasks to robots orchestrating an entire event [2]. Group 1: Event Overview - "AGIBOT NIGHT 2026" featured over 200 robots and renowned guests, including actor Huang Xiaoming and tech leaders, presenting a diverse array of performances such as dance, skits, magic, martial arts, songs, and fashion shows [2]. - The event achieved several groundbreaking milestones, including the first robot skit, the first robot magic show, and the first human-robot waltz, demonstrating significant progress in complex motion control, high-precision group coordination, and preliminary emotional expression [2]. Group 2: Performance Highlights - The gala included 12 high-quality performances, such as the opening dance "Dance Power" with 24 robots showcasing precise group control, and the martial arts segment where robots replicated traditional moves [4]. - The world's first robot magic performance, "Super Change," featured Huang Xiaoming as a witness, collaborating with robots to create a blend of reality and illusion [4]. - The "Skills Championship" segment showcased various robot models demonstrating their unique skills, while the "Robot Fashion Show" presented a futuristic visual experience [4]. Group 3: Emotional and Cultural Aspects - The event transcended technical displays by incorporating humanistic elements, such as the skit "Substitute Date," where robots humorously explored the theme of "robot love" [5]. - The bio-inspired robot "Spirit·Xuan" performed an original love song, and the "Algorithm Waltz" featured a robot dancing gracefully with a human partner, challenging the cold image of industrial robots [5]. Group 4: Inclusivity and Warmth - The gala included thoughtful details, such as a sign language translation robot providing accessibility for hearing-impaired audiences, and a robot recreating a classic performance from 12 years ago to convey heartfelt New Year wishes [7]. - The "Pet Mecha Party Show" featured quadruped robots dancing with children, illustrating a warm human-robot coexistence [7]. Group 5: Conclusion and Future Directions - The closing performance, "We Workers Have Power," creatively illustrated the vitality of intelligent manufacturing, while the final act "New Journey" symbolized the advancement of China's robotics industry driven by technological innovation [9]. - Overall, the event not only showcased technical prowess but also represented a key practice in making technology more relatable and accessible, aiming to position Chinese robotics as a cultural ambassador on the global stage [9].

自2020年以来黄金与风险资产间的正相关性加强。 主题驱动因素 未变 本文为IPO早知道原创 作者｜罗宾 微信公众号｜ipozaozhidao 据 IPO 早知道消息， 德意志银行研究 近日发布了 贵金属特别报告，分析了未来金价的演变路径以 及近期市场回调的影响。德意志银行贵金属分析师薛家康（ Michael Hsueh ）在报告中重申， 维 持对金价长期触及 6000 美元 / 盎司的预测。 研究指出， 黄金的资产属性正发生转变，其与风险 资产的正相关性增强，且在投资组合中可能放大风险而非单纯对冲风险。 中国需求成关键引擎 黄金 ETF 年内有望创新高 薛家康认为，支撑黄金价格的主题性驱动因素依然稳固，投资者配置黄金及其他贵金属的根本逻辑并 未动摇。中国需求已成为贵金属投资流向的关键驱动力量，此前上海黄金交易所（ SGE ）出现的显 著溢价，便是黄金买盘兴趣日益增强的有力信号。 他指出，中国黄金 ETF 增持势头强劲，有望在 2026 年再创历史新高。首先，与往年相比，中国黄 金 ETF 的持有量持续强劲增长，今年 1 月增持量达 94 万金衡盎司。若按年化计算，全年增持规 模或将突破 1100 万金衡盎司 ...