本文源自：智通财经网 智通财经获悉，据港交所12月14日披露，广州广合科技股份有限公司(简称：广合科技)递表港交所主 板，中信证券、汇丰为其联席保荐人。招股书显示，广合科技(001389.SZ)致力于制造算力服务器关键 部件PCB。公司主要从事研发、生产及销售应用于算力服务器及其他算力场景的定制化PCB。 根据弗若斯特沙利文的资料，以2022年至2024年的算力服务器PCB累计收入计，公司在全球算力服务器 PCB制造商中排名第三，在总部位于中国大陆的算力服务器PCB制造商中排名第一。 ...

智通财经APP获悉，据港交所12月14日披露，广州广合科技股份有限公司(简称：广合科技)递表港交所主板，中信 证券、汇丰为其联席保荐人。招股书显示，广合科技(001389.SZ)致力于制造算力服务器关键部件PCB。公司主要从 事研发、生产及销售应用于算力服务器及其他算力场景的定制化PCB。 根据弗若斯特沙利文的资料，以2022年至2024年的算力服务器PCB累计收入计，公司在全球算力服务器PCB制造商 中排名第三，在总部位于中国大陆的算力服务器PCB制造商中排名第一。 ...

Group 1 - The core point of the article is that Guangzhou Guanghe Technology Co., Ltd. (stock code: 001389.SZ) submitted its Hong Kong IPO prospectus on June 11, which has now expired after six months on December 11, with CITIC Securities and HSBC acting as joint sponsors [1] Group 2 - Guanghe Technology is a leading global manufacturer of key components for computing power servers, primarily engaged in the research, production, and sales of customized PCBs for computing power servers and other computing scenarios [2] - The company offers PCBs for computing scenarios, industrial scenarios, and consumer scenarios [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中建富通集團有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00138 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | ...

Core Viewpoint - The company plans to purchase a property in Guangzhou to improve employee accommodation and reduce commuting costs, thereby attracting and retaining talent [1] Group 1 - The property is located at A1 Tower, No. 8 Baoying West Road, Huangpu District, Guangzhou [1] - The initiative aims to enhance the living conditions and environment for employees [1] - The move is aligned with the company's development needs [1]

Core Insights - The company is a leading domestic PCB supplier for AI servers, benefiting significantly from the high demand for computing power, with a notable revenue increase and profit growth in 2025 [1][2] Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 2.425 billion yuan, a year-on-year increase of 42.17%, and a net profit attributable to shareholders of 492 million yuan, up 53.91% [1] - The gross profit margin improved to 36.41%, indicating enhanced profitability [1] Group 2: Technological Advancements - The company invested 179 million yuan in R&D in 2024, a year-on-year increase of 48.6%, focusing on high-end product development [1] - Achievements include mass production of PCIe 5.0 server motherboards and early-stage R&D for PCIe 6.0, along with stable mass production of five-layer HDI accelerator card PCBs and UBB boards with 22 to 32 layers [1] Group 3: Global Expansion - The company is deepening its global production capacity with a new facility in Thailand, which has an initial annual production capacity of approximately 200,000 square meters, aimed at serving overseas data center clients [2] - The first phase of the Thailand production base commenced operations in June 2025, with a second phase planned for 2026 [2] Group 4: Investment Outlook - Revenue projections for 2025-2027 are 5.437 billion yuan, 7.362 billion yuan, and 10.121 billion yuan, respectively, with net profits of 1.072 billion yuan, 1.477 billion yuan, and 2.075 billion yuan [2] - Corresponding price-to-earnings ratios are estimated at 28.3, 20.5, and 14.6 times, with an initial "buy" rating suggested [2]

Core Viewpoint - Guanghe Technology (001389.SZ) is currently in the sample testing phase for its 800G switch and optical module products, with specific mass production information to be announced later [1] Group 1 - The company is engaged in the development of advanced networking products, specifically 800G switches and optical modules [1] - The current status of the products is in the sample testing phase, indicating ongoing research and development efforts [1] - Future announcements will provide details regarding the mass production timeline of these products [1]

Core Viewpoint - Marco Polo plans to distribute over 358 million yuan in cash dividends shortly after its listing, reflecting strong profitability and cash flow [1][2]. Financial Summary - For the first three quarters of 2025, the company's consolidated net profit attributable to shareholders was 1.062 billion yuan, with the parent company achieving a net profit of 618 million yuan [1]. - As of September 30, 2025, the parent company's distributable profits amounted to 3.817 billion yuan, while the consolidated distributable profits were 7.519 billion yuan [1]. - The proposed dividend distribution is 3.00 yuan per 10 shares, totaling 358 million yuan, based on a share capital of 1.195 billion shares [1]. Company Overview - Marco Polo aims to create the first world-renowned brand for Chinese ceramics, focusing on the research, production, and sales of architectural ceramics [4]. - The company is one of the largest manufacturers and sellers of architectural ceramics in China, owning two major brands: "Marco Polo Tiles" and "Weimei L&D Ceramics" [4]. - Marco Polo operates five production bases located in Dongguan, Qingyuan, Fengcheng, Chongqing, and Tennessee, USA, with a product range that includes glazed and unglazed tiles [4]. Market Performance - The company was listed on October 22, 2025, with an impressive first-day increase of 128.8% [2]. - As of the latest update, the company's stock price is 24.92 yuan per share, resulting in a total market capitalization of 29.777 billion yuan [2].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中建富通集團有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00138 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 HKD | | 2,000,000,000 | 本月底法定/註冊股本總額： HKD 2, ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 (於開曼羣島註冊成立並於百慕達存續之有限公司) (股份代號: 00138) 補充公佈有關截至 2024 年 12 月 31 日止年度年報 所載無法表示意見最新情況 茲提述中建富通集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）於2025年 4月28日所刊發截至2024年12月31日止年度的年報（「年報」）及於2025年7月31日所刊 發有關年報所載無法表示意見最新情況之公佈（「公佈」）。除非另有界定者外，本公佈 所用詞彙與年報及公佈所用者具有相同涵義。 除年報所披露的資訊外，董事會擬向股東及潛在投資者提供補充資料，該資料與年報第 22 至 23 頁「企業管治常規」章節中題為「不發表意見」的相關分節內容相關。 董事會謹就本公司年報中有關「不發表意見」所實施的計畫及措施提供以下補充資料： 1. 本集團於2025年8月25日完成出售一項物業，總現金代價為82,000,000港元。進一步 詳情已載於日期爲 ...