新春伊始，香港资本市场便上演了一出"一马当先"的开年大戏。 2月24日，华依科技正式向香港联交所提交了上市申请，成为绿云软件后又一家在马年递表的企业。 "随着越来越多中国龙头企业开始前瞻性布局第二、第三增长曲线，国际投资者对中国企业核心竞争力的认知也在不断深化。我 们在多个海外市场与投资者沟通中明显感受到，中国企业在供应链效率、产品研发能力、渠道执行力以及数字化运营等方面， 已经形成了具有国际竞争力的系统性优势。"谌戈进一步补充道。 与此同时，在这轮资本热潮中，市场不仅见证了募资规模的量级跃升，更看到了新股成色从传统金融地产向人工智能、半导体 等新经济动力的策马扬鞭。 尽管春节假期让新股发行短暂"歇脚"，但开年至今港股IPO赛道呈现出的万马奔腾之势，已然为全年市场定下了沸腾的基调。 数据显示，截至2月25日，年内已有24家企业完成港股IPO，融资额合计892.26亿港元，同比增长1013.59%，超过了去年全年IPO 募资的三成。3月19日，岚图汽车也将在港交所上市，不过，由于其采用的是介绍方式，不涉及发行新股和即时融资，对港股 IPO融资额不产生影响。 在发行上市持续火爆的同时，港股"后备军"的阵容亦持续扩 ...

22 February 2026 | 4:54PM HKT Equity Research OmniVision (603501.SS) Diversifying product lines despite end demand pressures on rising memory costs; down to Neutral 603501.SS 12m Price Target: Rmb138.30 Price: Rmb115.82 Upside: 19.4% We are positive on OmniVision's leading position in the global CIS (CMOS image sensor) market, benefiting from the long-term product mix upgrade toward higher-end CIS and demand diversification with innovative applications such as AI/ AR glasses, drones, action cameras/ 360 cam ...

Core Insights - The MEMS industry is undergoing an unprecedented wave of consolidation, marking a shift from chaotic growth to a structured reorganization, indicating a significant reshaping of the industry landscape [5][8][13]. Group 1: Recent Mergers and Acquisitions - STMicroelectronics acquired NXP's MEMS sensor business, focusing on automotive and industrial applications, to enhance its market position and expand into high-value segments [5][6]. - Infineon plans to acquire ams OSRAM's non-optical sensor product line for €570 million, aiming to strengthen its sensor portfolio and target emerging markets like humanoid robotics [6][10]. - SiTime's $1.5 billion acquisition of Renesas Electronics' timing business highlights the importance of timing technology in MEMS, with expected revenue generation of approximately $300 million within a year post-acquisition [7][10]. - Qorvo divested its MEMS sensor assets for $21.5 million to focus on its core RF and connectivity technologies, optimizing its asset structure [7][8]. Group 2: Market Dynamics and Growth Areas - The MEMS market is experiencing a bifurcation, with consumer electronics facing saturation and intense competition, while automotive, industrial, medical, and humanoid robotics sectors are witnessing explosive growth [11][12]. - Automotive applications are projected to become the fastest-growing segment, driven by electrification and advanced driver-assistance systems, with the number of MEMS devices per vehicle expected to exceed 70 [12][13]. - The industrial MEMS market is anticipated to surpass $10 billion by 2026, fueled by predictive maintenance and automation trends [12][13]. - The global MEMS market is forecasted to grow from over $15.4 billion in 2024 to over $33 billion by 2036, indicating strong demand in high-value applications [12][13]. Group 3: Industry Trends and Future Outlook - The ongoing consolidation is expected to continue, with more small to medium-sized MEMS companies likely to be acquired or divested, leading to increased industry concentration [27][28]. - Domestic MEMS companies in China are positioned to transition from "replacement" to "breakthrough," focusing on niche markets and enhancing their competitive edge [28][29]. - The competition in the MEMS industry is fundamentally about "technology + scale," with successful companies needing to balance both aspects to thrive [25][30]. - The integration of advanced technologies such as AI and new materials is driving the evolution of MEMS from standalone sensors to intelligent systems, creating new value propositions [14][15].

Group 1 - Morgan Stanley increased its stake in Howie Group (00501) by 79,000 shares at a price of HKD 106.0806 per share, totaling approximately HKD 8.38 million [1] - After the increase, Morgan Stanley's total shareholding in Howie Group is approximately 3.24 million shares, representing a holding percentage of 7.08% [1]

Group 1 - The core focus is on the listing process of Haowei Group's H-shares on the Hong Kong Stock Exchange, which is a significant recent event [1] - The company is advancing its H-share listing, with a board meeting scheduled for December 18, 2025, to review the global offering and listing matters [2] - The IPO plan aims to allocate 70% of the raised funds towards key technology research and development, which may significantly impact the company's capital structure and globalization strategy [2]

Group 1 - The core point of the article is that Hong Kong Stock Exchange data shows that on February 11, shareholders of Howie Group (603501)(00501) deposited shares into Goldman Sachs (Asia) Securities, with a market value of HKD 517 million, accounting for 9.74% [1] - Howie Group announced that on February 11, 2026, it will issue a total of approximately 11,400 shares due to the exercise of options [1] - Additionally, the company will issue and allocate 4.9411 million H-shares due to partial exercise of the over-allotment option [1]

Group 1 - The core point of the article is that Hong Kong Stock Exchange data reveals that on February 11, shareholders of OmniVision Technologies (00501) deposited shares worth HKD 517 million into Goldman Sachs (Asia) Securities, representing 9.74% of the total [1] - OmniVision Technologies announced the issuance of approximately 11,400 shares due to the exercise of options on February 11, 2026 [1] - The company also issued and allocated 4.9411 million H-shares due to partial exercise of the over-allotment option [1]

Core Viewpoint - The company,豪威集团, announced the issuance of approximately 11,400 shares due to the exercise of options and an additional 4.9411 million H-shares due to partial exercise of the over-allotment option on February 11, 2026 [1] Group 1 - The total number of shares issued due to option exercise is approximately 11,400 [1] - The company issued and allocated 4.9411 million H-shares as a result of the partial exercise of the over-allotment option [1]

Core Viewpoint - The announcement from Glory Group (603501) indicates the issuance of approximately 11,400 shares due to the exercise of options and an additional issuance of 4.9411 million H-shares due to partial exercise of the over-allotment option [1] Group 1 - Glory Group will issue approximately 11,400 shares on February 11, 2026, as a result of options being exercised [1] - The company will also issue and allocate 4.9411 million H-shares due to the partial exercise of the over-allotment option [1]

Group 1 - The company,豪威集团, stated that it will disclose the number of shareholders at relevant points in its periodic reports [1]