Group 1 - The company,兆易创新, experienced a significant increase of 45.06% on its first day of trading in the Hong Kong stock market, reaching a price of 235 HKD, compared to its issue price of 162 HKD [1]

Core Viewpoint - Zhaoyi Innovation (603986) has successfully listed, with an initial share price of HKD 162, raising approximately HKD 4.611 billion from the issuance of 28.9158 million shares, and has seen a significant increase of 45.06% to HKD 235 per share at the time of reporting [1] Group 1: Company Overview - Zhaoyi Innovation is a diversified integrated circuit design company that provides a variety of chip products including Flash, niche DRAM, microcontrollers, analog chips, and sensor chips [1] - The company's products are applicable in various fields such as consumer electronics, automotive, industrial applications (including industrial automation, energy storage, and battery management), personal computers and servers, Internet of Things, and network communications [1] - The company offers a complete set of systems and solutions, including corresponding algorithms and software, to meet diverse customer needs [1] Group 2: Market Position - According to Frost & Sullivan, Zhaoyi Innovation is the only integrated circuit design company globally ranked in the top ten across all markets in NOR Flash, SLC NAND Flash, niche DRAM, and MCU based on 2024 sales [1] - During the historical record period, specialized memory chips and MCUs contributed the majority of the company's revenue [1] Group 3: Business Model - The company adopts a fabless business model, focusing on integrated circuit design and R&D to maintain a technological advantage [1] - Zhaoyi Innovation collaborates with high-quality wafer foundries and packaging testing partners to ensure excellence, scalability, and high-quality products [1]

Core Viewpoint - Zhaoyi Innovation (03986) has successfully listed its shares at a price of HKD 162 per share, raising approximately HKD 4.611 billion, with a significant initial increase of 45.06% to HKD 235 per share [1] Group 1: Company Overview - Zhaoyi Innovation is a diversified integrated circuit design company that offers a variety of chip products including Flash, niche DRAM, microcontrollers, analog chips, and sensor chips [1] - The company's products are applicable in various fields such as consumer electronics, automotive, industrial applications (including industrial automation, energy storage, and battery management), personal computers and servers, IoT, and network communications [1] Group 2: Market Position - According to Frost & Sullivan, Zhaoyi Innovation is the only integrated circuit design company globally ranked in the top ten across all markets in NOR Flash, SLC NAND Flash, niche DRAM, and MCU based on 2024 sales [1] - The majority of the company's revenue comes from sales of specialized storage chips and MCUs during the historical record period [1] Group 3: Business Model - The company operates on a fabless business model, focusing on the design and R&D of integrated circuits to maintain a technological advantage [1] - Zhaoyi Innovation collaborates with high-quality wafer foundries and packaging/testing partners to ensure excellence, scalability, and high-quality products [1]

Group 1: Company News - *ST Chengchang announced a stock suspension for investigation after experiencing significant trading fluctuations, with a stock price increase of 162.65% since December 5, 2025, and 19 trading days of price limits within 25 days [7] - Debang Lighting plans to acquire 60.9171 million shares of Jiali Co. and subscribe to 100 million new shares, resulting in a 67.48% ownership stake in Jiali, marking a significant asset restructuring [7][8] - Mingyang Smart Energy is planning to acquire control of Zhongshan Dehua Chip Technology Co. through a combination of cash and stock issuance, with the transaction still in the planning stage [10] - Zhi Te New Materials announced a stock suspension for investigation after a 198.57% increase over six trading days [6] - Blue Arrow Electronics is planning to acquire at least 51% of Chengdu Xinyi Technology Co. in a cash transaction, which is still in the planning stage [10] Group 2: Industry News - The National Development and Reform Commission has issued guidelines to enhance the planning and investment direction of government investment funds, aiming to support the construction of a modern industrial system [2] - The Shanghai Gold Exchange has warned members to monitor market fluctuations in precious metals due to increased volatility and uncertainty [4] - The 2026 New Year commemorative coin and banknote reservation will be available from January 13 to January 14, 2026, through designated banks [2][3]

Core Viewpoint - The global offering of H-shares by the company has been successfully completed, raising approximately HKD 46.84 billion in total proceeds, with a net amount of about HKD 46.11 billion after listing expenses [1] Group 1: Offering Details - The company issued 28,915,800 H-shares at a final offer price of HKD 162.00 per share, with 10% allocated to the Hong Kong public offering and 90% to international placement [1] - The Hong Kong public offering received 148,419 valid applications, resulting in a subscription rate of 542.22 times, while the international offering had 177 participants with a subscription rate of 18.52 times [1] Group 2: Investor Participation - The company secured subscriptions from 16 cornerstone investors for a total of 14,394,300 H-shares, representing 49.78% of the global offering [1] - Additionally, the company has been granted an over-allotment option for 4,337,300 H-shares [1] Group 3: Trading Information - The H-shares are set to commence trading on the Hong Kong Stock Exchange on January 13, 2026, under the stock code 3986 [1]

兆易创新(03986.HK)公告，公司最终发售价为每股H股162.00港元。公司全球发售的发售股份数目为 28,915,800股H股（视乎超额配股权行使与否而定），香港发售股份数目为2,891,600股H股，国际发售股 份数目为26,024,200股H股（视乎超额配股权行使与否而定）。此次全球发售所得款项总额约为46.84亿 港元，扣除按最终发售价计算之预计应付上市开支7350万港元后，所得款项净额为46.11亿港元。 本文源自：金融界AI电报 ...

智通财经APP讯，兆易创新(03986)公布配发结果，公司全球发售2891.58万股股份，香港公开发售项下 的最终发售股份数目为289.16万股股份，国际发售项下的最终发售股份数目为2602.42万股股份。最终发 售价为每股162港元，全球发售净筹约46.11亿港元。每手100股，预期H股将于 2026年1月13日(星期二) 上午九时正(香港时间)在联交所开始买卖。 其中，香港公开发售获542.22倍认购，国际发售获18.52倍认购。 ...

格隆汇1月12日丨兆易创新(03986.HK)宣布，其H股全球发售取得圆满成功。公司以每股162.00港元的最 终发售价，发行28,915,800股H股，其中香港公开发售占10%，国际发售占90%。 香港公开发售获得148,419份有效申请，认购倍数高达542.22倍。国际发售亦获得177名承配人认购，认 购倍数达18.52倍。公司通过全球发售共筹得所得款项总额约46.84亿港元，扣除上市开支后的净额约为 46.11亿港元。 公司已获得16家基石投资者认购，合共认购14,394,300股H股，占全球发售股份的49.78%。此外，公司 已获授4,337,300股H股的超额配股权。H股将于2026年1月13日在香港联交所主板开始买卖，股份代号为 3986。 ...

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聲明，並明確表示概不 會就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。本公告並不構成或組成在美國境內或於任何其他司法權區購買或認購發售股份的 任何要約或招攬的一部分。發售股份並無亦不會根據《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。發售股份不得在美國境內提呈發售、 出售、質押或以其他方式轉讓，除非已根據美國證券法的登記規定獲豁免，並已符合任何州的 適用證券法。發售股份根據美國證券法S規例在美國境外向非美籍人士投資者或並非為美籍人 士或為其利益進行收購的投資者提呈發售及出售。發售股份不會在美國公開發售。 本公告僅作說明用途，並不構成收購、購買或認購證券的邀請或要約。本公告並非招股章程。 潛在投資者於決定是否投資所提呈發售的H股前，應閱覽兆易創新科技集團股份有限公司（「本 公司」 ...

97.200 ● 价位 ● 均价 -40.00% 226.600 量:12200 分时量 226.400 88800 226.200 226.000 225.800 MACD MACD(12,26,9):0.413 DIF:0.721 DEA:0.515 225.600 225.400 225.200 225.000 16:15 18:30 1分 55 分析 • 行情来源: 利弗莫尔证券 • 智通财经APP获悉，兆易创新(03986)将于2026年1月13日(星期二)在香港挂牌。截至收盘，利弗莫尔证券暗盘交易显示报价226.8港元，较招股价162港元上涨 40%，每手100股，不计手续费，每手赚6480港元。 ...