Core Viewpoint - Naxinwei has become the first domestic analog chip company to list on both the A-share and H-share markets, aiming to enhance its global presence and service capabilities, with a target of achieving 20% of revenue from overseas by 2029 [1][2]. Group 1: Financial Performance - Naxinwei has faced losses since 2023, despite experiencing nine consecutive quarters of revenue growth from Q2 2023 to Q3 2025, with profitability expected only in Q4 2024 [1][2]. - The company's revenue decreased by 21.5% in 2023 to 1.311 billion RMB, down from 1.674 billion RMB in 2022, but is projected to rebound with a 49.5% increase in 2024 and a 73.2% increase in the first three quarters of 2025 [8][9]. - The gross margin has declined significantly, from 48.5% in 2022 to 33.9% in 2023, and is expected to be around 28% in 2024 [7][9]. Group 2: Strategic Focus - Naxinwei is heavily investing in the automotive electronics sector, with revenue from this segment expected to grow from 404 million RMB in 2023 to approximately 12-13 billion RMB in 2025 [4][10]. - The company plans to allocate about 22% of its IPO proceeds to expand its product portfolio, particularly in automotive electronics, and 25% to enhance its overseas sales network [2][3]. Group 3: Market Dynamics - The company has been affected by aggressive pricing strategies from competitors, leading to a significant reduction in average selling prices for its products, which has pressured its gross margins [6][7]. - Naxinwei's strategy includes a shift towards higher-margin products, with expectations of improved gross margins in 2025 due to favorable changes in product mix [10].

Suzhou Novosense Microelectronics Co., Ltd. 蘇州納芯微電子股份有限公司 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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2676） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列 蘇州納芯微電子股份有限公司（「 本公司 」）於 上 海 證 券 交 易 所 網 站 (www.sse.com.cn)所刊發的公告，僅供參考。 承董事會命 蘇州納芯微電子股份有限公司 董事長兼董事 王升楊先生 香港，2025年12月9日 截 至 本 公 告 日 期，本 公 司 董 事 會 包 括：王 升 楊 先 生、盛 雲 先 生、王 一 峰 先 生、 姜超尚先生、吳傑先生、洪志良博士、陳西嬋博士、王如偉先生及杜琳琳女士。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和 ...

Summary of Key Points Core Viewpoint - A total of 36 companies conducted share buybacks on December 8, 2025, with Tencent Holdings (00700) leading in both the number of shares repurchased and the total amount spent [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 1,049,000 shares for a total of HKD 636 million, representing 0.938% of its total share capital [2]. - Xiaomi Group-W (01810) repurchased 4,800,000 shares for HKD 204 million, accounting for 0.360% of its total share capital [2]. - China Feihe (06186) repurchased 7,000,000 shares for HKD 28.75 million, which is 2.373% of its total share capital [2]. Group 2: Other Notable Companies - Kuaishou-W (01024) repurchased 438,000 shares for HKD 29.95 million, which is 0.169% of its total share capital [2]. - Midea Group (00300) repurchased 425,700 shares for HKD 34.79 million, with no total share capital percentage provided [2]. - Geely Automobile (00175) repurchased 1,534,000 shares for HKD 27.12 million, representing only 0.015% of its total share capital [2]. Group 3: Additional Insights - The total buyback amounts for the other companies varied significantly, with some like Coolpad Group (02369) repurchasing 3,420,000 shares for HKD 4.53 million, which is 4.817% of its total share capital [2]. - The data indicates a trend of companies engaging in share buybacks as a strategy to enhance shareholder value [1][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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 Suzhou Novosense Microelectronics Co., Ltd. 蘇州納芯微電子股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2676） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列 蘇州納芯微電子股份有限公司（「 本公司 」）於 上 海 證 券 交 易 所 網 站 (www.sse.com.cn)所刊發的公告，僅供參考。 承董事會命 蘇州納芯微電子股份有限公司 董事長兼董事 证券代码：688052 证券简称：纳芯微 公告编号：2025-061 苏州纳芯微电子股份有限公司 王升楊先生 香港，2025年12月8日 截 至 本 公 告 日 期，本 公 司 董 事 會 包 括：王 升 楊 先 生、盛 雲 先 生、王 一 峰 先 生、 姜超尚先生、吳傑先生、洪志良博士、陳西嬋博士、王如偉先生及杜琳琳女士。 关于以集中竞 ...

茲載列 蘇州納芯微電子股份有限公司（「 本公司 」）於 上 海 證 券 交 易 所 網 站 (www.sse.com.cn)所刊發的公告，僅供參考。 承董事會命 蘇州納芯微電子股份有限公司 董事長兼董事 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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 Suzhou Novosense Microelectronics Co., Ltd. 蘇州納芯微電子股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2676） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 王升楊先生 香港，2025年12月8日 截 至 本 公 告 日 期，本 公 司 董 事 會 包 括：王 升 楊 先 生、盛 雲 先 生、王 一 峰 先 生、 姜超尚先生、吳傑先生、洪志良博士、陳西嬋博士、王如偉先生及杜琳琳女士。 证券代码：688052 证券简称：纳芯微 公告编号：2025-060 苏州纳芯微电子股份有限公司 关于境外上市 ...

智通财经APP讯，纳芯微(02676)公布，2025年12月8日耗资约5374.28万元回购约34.45万股A股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 蘇州納芯微電子股份有限公司 呈交日期： 2025年12月8日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | | 說明 | | A股（上海證券交易所） | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 ...

截至收盘，恒生指数报收于25765.36点，下跌319.72点，跌幅1.23%。 | 和加 · 其他 · 黑 / : 恒生指数 (HSI) | 80 6日 . 69 159 308 609 日照 周K 月K #K . | 幅生積数 相談 * | 25765.36 +33 | 00000 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | +-27381.84 | 行情报价 | 27000.0 | 20067.88 | 120亿 重高 20151.44 9开 | 成交量 | | | | 成交部 | 2002亿 服情 | 25755.01 昨夜 | 20085.08 | 0 DOSDO D | 他用質 | | | | 图 81 | 准确 | 18.80 | -0.11% | 新元相對 | 24/500 0 | | | | 47954.89 | +0.221 | US BE | 25000.0 | M斯达克 | +0.315 | 21578.12 | | | 89.98500 | +0.117 | 8170.40 | 24500.0 | 美国旗时1 ...

Market Overview - The Hong Kong stock market faced pressure, with the Hang Seng Index dropping over 1%, closing at 25,965.36 points, down 1.23% or 319.72 points, with a total turnover of HKD 2,062.3 million [1] - The Hang Seng China Enterprises Index fell by 1.25% to 9,083.53 points, while the Hang Seng Tech Index remained flat at 5,662.55 points [1] Blue Chip Performance - Baidu Group-SW (09888) led blue-chip stocks, rising 3.45% to HKD 125.8, contributing 8.38 points to the Hang Seng Index [2] - Other notable performers included SMIC (00981) up 2.94%, China Ping An (02318) up 2.15%, while China Construction Bank (00939) fell 4.01%, dragging the index down by 54.39 points [2] Sector Highlights - Large tech stocks generally declined, with Alibaba down over 1% and Tencent down 0.82% [3] - Chinese brokerage stocks rose against the trend, with Huatai Securities (06886) up 5.17% and GF Securities (01776) up 3.1% [3] - The light communication sector saw significant gains, with Huiju Technology rising over 7% [4] - Lithium stocks mostly increased, with Ganfeng Lithium (01772) up 6.95% and CATL (03750) up 3.28% [5] Regulatory Developments - The Chairman of the China Securities Regulatory Commission (CSRC) emphasized the need to accelerate the development of top-tier investment banks and institutions, indicating a potential easing of regulations for quality institutions [4] - The CSRC plans to optimize risk control indicators and moderately open up capital space and leverage limits, which could benefit leading brokerages [4] New Listings and Stock Movements - Two new stocks were listed, with Zhuoyue Ruixin (02687) surging 87.26% and Naxinwei (02676) declining 4.31% [7] - Restructured Energy (02570) faced a significant drop of 27.33% on its first trading day after the lock-up period ended [8] - Silver Pharma-B (02591) saw a decline of 14.32% following its inclusion in the Hong Kong Stock Connect [9] - Sutech (02498) performed well, rising 5.23% after securing a major order from FAW Toyota [10] Pharmaceutical Sector Updates - The National Healthcare Security Administration announced the addition of 114 new drugs to the 2025 National Medical Insurance Drug List, with a success rate of 88%, up from 76% in 2024 [6]

Market Overview - The Hong Kong stock market experienced a weak adjustment, with the Hang Seng Index closing at 25,765.36 points, down 319.72 points, a decline of 1.23% [2] - The Hang Seng Tech Index closed at 5,662.55 points, with a slight increase of 0.09 points [4] Company Performance - Excellence Education (HK02687) showed moderate performance in the morning, with gains kept within 30%, but surged after 3 PM, reaching a maximum increase of over 111%, ultimately closing up over 87% [5] - In contrast, the newly listed stock Naxin Micro (HK02676) opened flat but remained in a state of decline throughout the day, closing down 4.31% [7][8] Sector Insights - According to Frost & Sullivan, the top five companies in the Chinese higher education digitalization market hold a total market share of 12.9% as of 2024. Excellence Education ranks second in revenue with a market share of 4.0% in the overall digitalization market and first with a 7.3% market share in digital content production [7] - In the broader market, Baidu Group rose over 3%, Huahong Semiconductor increased over 4%, and SMIC gained over 2%. Conversely, Pop Mart fell over 8%, while Lao Pu Gold and Innovent Biologics dropped over 6%. Bank stocks collectively declined, with China Construction Bank down over 4% [10] Investment Outlook - Multiple institutions believe that the Hong Kong stock market is currently at a low valuation or in a positioning phase, with a positive outlook for 2026. Technology innovation, particularly in AI, and high-dividend assets are seen as promising investment themes [12] - There are differing opinions among institutions regarding market trends, with Huatai Securities suggesting an early "spring rally" for Hong Kong stocks, while Huaan Fund indicates a potential shift towards defensive dividend sectors as the year ends [13]