Company Overview - NOVOSENSE Microelectronics is a robust and reliable analog and mixed signal chip company established in 2013, focusing on sensor, signal chain, and power management solutions widely used in automotive, industrial, information communication, and consumer electronics markets [3]. Listing and Strategic Positioning - On December 8, 2025, NOVOSENSE was officially listed on the Main Board of the Hong Kong Stock Exchange, marking a significant milestone in the company's global expansion strategy and establishing a dual-capital platform across A-share and H-share markets [1]. - The Hong Kong listing positions the city as NOVOSENSE's overseas base, enhancing global customer engagement, strengthening supply chain collaboration, and accelerating ecosystem development [1]. Competitive Advantages and Future Plans - NOVOSENSE is one of the few Chinese companies with deep technology and product deployment across three core domains: sensors, signal chain, and power management, which provides strong competitive advantages in automotive electronics, industrial & energy applications, and smart devices [2]. - The company aims to transition from being "China's trusted analog benchmark" to becoming a "global partner of choice," focusing on investing in foundational technologies, expanding its product portfolio, and enhancing global operational excellence [2].

Core Viewpoint - Naxinwei's successful listing on the Hong Kong Stock Exchange marks a significant milestone in its development and represents a model for domestic high-end analog and mixed-signal chip companies to access global capital markets [1] Financial Performance - Naxinwei's revenue for 2022-2024 was 1.67 billion, 1.31 billion, and 1.96 billion RMB respectively, with a rebound expected in 2024, showing a 49.6% year-on-year growth [4] - In the first half of 2025, revenue reached 1.52 billion RMB, reflecting a 79.5% year-on-year increase, indicating strong recovery in downstream demand [4] - The gross margin for the first half of 2025 was 32.9%, up 3.2 percentage points from the same period in 2024, driven by an increase in high-margin automotive products [4] - Operating cash flow improved significantly, with a net cash flow of 95.05 million RMB in 2024, compared to a negative 139 million RMB in 2023 [5] Business Structure - Naxinwei's revenue structure is diversified across three main product segments: sensors (27.1%), signal chain chips (38.4%), and power management chips (34.1%) as of the first half of 2025, reducing reliance on any single product [7] - The sensor segment saw a revenue increase of approximately 350% in the first half of 2025, largely due to the acquisition of Maiguan, which contributed about 60% to this growth [8] Market Demand - The demand for chips is driven by several sectors, including the rapidly growing new energy vehicle market, which is expected to see sales reach 12.8 million units in 2024, with a penetration rate of 40.9% [11] - The renewable energy sector is also expanding, with installed capacity projected to grow from 534.4 GW in 2020 to 1407.4 GW in 2024, indicating strong demand for isolation chips and current sensors [13] Product Competitiveness - Naxinwei's digital isolation chips have competitive specifications, achieving a voltage isolation of 5kVrms and a transmission rate of 150Mbps, comparable to international competitors [14] - The company has established a strong market position in various segments, including being the leading domestic supplier of magnetic sensors with a market share of 7.1% [14] Domestic Replacement - The domestic analog chip market is projected to reach 195.3 billion RMB in 2024, with a current localization rate of only 23.2%, indicating significant room for growth for local companies like Naxinwei [18] - Naxinwei's collaborations with major domestic players such as BYD and CATL exemplify the potential for local suppliers to meet increasing demand in emerging applications [19]

人民财讯12月8日电，12月8日，苏州纳芯微电子股份有限公司(股票代码：02676.HK)正式在香港联合交 易所主板挂牌上市，构建"A+H"双资本平台。 ...

纳芯微(02676)首挂上市，公告显示，每股定价116港元，共发行1906.84万股股份，每手100股，所得款 项净额约20.96亿港元。截至发稿，无涨跌，报116港元，成交额5696.64万港元。 招股书显示，纳芯微采用fabless模式运营，专注于芯片研发和设计，同时将晶圆制造外包予外部晶圆厂 以及大部分封装测试外包予第三方封装测试服务供应商。根据弗若斯特沙利文的资料，以2024年模拟芯 片收入计，公司在中国模拟芯片市场的所有模拟芯片公司中位列第14名（占市场份额0.9%）以及在中 国模拟芯片公司中位列第五名。 为了更好地服务应用领域的终端客户，公司会针对电子设备系统各种具体的功能需求，研发公司的产 品。通过传感器产品、信号链芯片及电源管理芯片的协同应用，公司能形成特定的解决方案，助力终端 客户实现其想要的特定功能或需求。凭借对技术的持续研发投入和对市场需求的理解，公司的产品已广 泛应用于汽车电子、泛能源、消费电子及新兴领域等应用领域。 ...

智通财经获悉，纳芯微(02676)首挂上市，公告显示，每股定价116港元，共发行1906.84万股股份，每手 100股，所得款项净额约20.96亿港元。截至发稿，无涨跌，报116港元，成交额5696.64万港元。 招股书显示，纳芯微采用fabless模式运营，专注于芯片研发和设计，同时将晶圆制造外包予外部晶圆厂 以及大部分封装测试外包予第三方封装测试服务供应商。根据弗若斯特沙利文的资料，以2024年模拟芯 片收入计，公司在中国模拟芯片市场的所有模拟芯片公司中位列第14名（占市场份额0.9%）以及在中 国模拟芯片公司中位列第五名。 为了更好地服务应用领域的终端客户，公司会针对电子设备系统各种具体的功能需求，研发公司的产 品。通过传感器产品、信号链芯片及电源管理芯片的协同应用，公司能形成特定的解决方案，助力终端 客户实现其想要的特定功能或需求。凭借对技术的持续研发投入和对市场需求的理解，公司的产品已广 泛应用于汽车电子、泛能源、消费电子及新兴领域等应用领域。 本文源自：智通财经网 ...

纳芯微(02676)公布配发结果，公司全球发售1906.84万股股份，香港公开发售占10%，国际发售占 90%。每股发售价116港元，全球发售净筹约20.964亿港元。每手100股，预期H股将于2025年12月8日 (星期一)上午九时正开始在联交所买卖。 其中，香港公开发售获25.33倍认购，国际发售获2.65倍认购。 ...

其中，香港公开发售获25.33倍认购，国际发售获2.65倍认购。 智通财经APP讯，纳芯微(02676)公布配发结果，公司全球发售1906.84万股股份，香港公开发售占 10%，国际发售占90%。每股发售价116港元，全球发售净筹约20.964亿港元。每手100股，预期H股将 于2025年12月8日(星期一)上午九时正开始在联交所买卖。 ...

香 港 交 易 及 結 算 所 有 限 公 司、香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）及 香 港 中 央 結 算 有 限 公 司（「香港結算」）對 本 公 告 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 告 全 部 或 任 何 部 分 內 容 所 產 生 或 因依賴該等內容而引致的任何損失承擔任何責任。 本 公 告 不 得 直 接 或 間 接 於 或 向 美 國（包 括 其 領 土 及 屬 地、美 國 任 何 州 以 及 哥 倫 比 亞 特 區）發 佈、刊 發 或 派 發。本 公 告 並 不 構 成 亦 不 屬 於 在 美 國 境 內 或 於 任 何 其 他 司 法 權 區 購 買 或 認 購 證 券 的 任 何 要 約 或 招 攬 的 一 部 分。本 公 告 所 述 證 券 並 無 亦 不會根據1933年 美 國 證 券 法（經 不 時 修 訂）（「美國證券法」）或 美 國 任 何 州 或 其 他 司 法權區的證券法登記。證券不會於美國境內提呈發售、出售、質押或以其他方式 轉 讓，惟 根 據 美 ...

纳芯微(02676)将于12月8日(星期一)在香港挂牌。截至收盘，利弗莫尔证券暗盘交易显示报价105.30港元，较招股价116港元下跌9.22%，每手100股，不计 手续费，每手亏1070港元。 | 纳芯微 | ಇ ೧ | ( | | | --- | --- | --- | --- | | HK 02676 暗盘 | | | | | 105.300 成交量 13.27万股 | | | | | 今开 115.000 | 最高 116.000 | | | | 换手 0.70% | 最低 94.400 | 总市 20.08亿 | -9.22% -10.700 | | 20251205 18:30 价 105.300 -9.22% 均 102.046 分时量 0股 | 18.10% | | | | 137.000 | 十档 | 成交明细 | | | - - - (- -) | 107.400 | | | | - -(- -) | 107.300 | | | | 107.200 | - - (- -) | | | | - -(- -) | 107.100 | | | | - - (- - ) | 107.000 | | ...

Group 1 - The core point of the news is that Naxin Micro (02676) will be listed on the Hong Kong Stock Exchange on December 8, with its dark market trading showing a price of HKD 105.30, which is a decline of 9.22% from the offering price of HKD 116 [1][2] - The trading volume in the dark market reached 132,700 shares, with a high of HKD 116.00 and a low of HKD 94.40, indicating a turnover rate of 0.70% [2] - The total market capitalization of Naxin Micro is reported to be HKD 20.08 billion [2]