| 证券代码：603501 | 证券简称：豪威集团 | 公告编号：2025-122 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 中文： 豪威集成电路（集团）股份有限公司 关于刊发H股发行聆讯后资料集的公告 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、准确性和完整性承担法律责任。 豪威集成电路（集团）股份有限公司（以下简称"公司"）正在进行申请 发行境外上市股份（H股）并在香港联合交易所有限公司（以下简称"香港联 交所"）主板上市（以下简称"本次发行上市"）的相关工作。 2025年6月27日，公司向香港联交所递交了本次发行上市的申请，并于同日 在香港联交所网站刊登了申请资料。具体内容详见公司于2025年6月28日在上海 证券交易所网站披露的《关于向香港联交所递交境外上市股份（H股）发行并 上市申请并刊发申请资料的公告》（公告编号：2025-070）。 2025年12月9日，公司收到中国证券监督管理委员会（以下简称"中国证监 会"）出具的《关于豪威集成电路（集团）股份有限公司境外发行上市备案通 知 ...

Core Viewpoint - The company,豪威集团, is in the process of applying for the issuance of overseas listed shares (H-shares) and plans to list on the main board of the Hong Kong Stock Exchange [1] Group 1 - The company has published a post-hearing information package on the Hong Kong Stock Exchange website as part of the listing application process [1] - The purpose of the post-hearing information package is to provide information to the public in Hong Kong and qualified investors [1] - The information package is a draft version and may be updated and changed as necessary [1]

Group 1 - The company,豪威集团, is in the process of applying for the issuance of overseas listed shares (H-shares) and plans to list on the main board of the Hong Kong Stock Exchange [1] - The company has published a post-hearing information package on the Hong Kong Stock Exchange website as part of the listing process, which is required by the Hong Kong Stock Exchange and the Securities and Futures Commission of Hong Kong [1] - The purpose of the post-hearing information package is to provide information to the public in Hong Kong and qualified investors, and it is noted that the information may be updated and changed over time [1]

Core Viewpoint - The company, OmniVision Technologies, is preparing for an IPO in Hong Kong, aiming to raise approximately $1 billion (around HKD 7.8 billion) to fund various strategic initiatives [1][2] Group 1: Company Overview - OmniVision Technologies is a global fabless semiconductor design company, primarily known for its CMOS image sensors (CIS) [1] - The company operates in three main business lines: image sensor solutions, display solutions, and analog solutions, targeting high-growth industries such as smartphones, automotive, medical, security, and emerging markets like machine vision and AI [1] Group 2: Financial Performance - The company reported revenues of approximately CNY 20.04 billion, CNY 20.984 billion, CNY 25.707 billion, and CNY 13.944 billion for the fiscal years 2022, 2023, 2024, and the first half of 2025, respectively [1] - Corresponding net profits for the same periods were CNY 0.951 billion, CNY 0.544 billion, CNY 3.279 billion, and CNY 2.02 billion [1] Group 3: Use of Proceeds - The funds raised from the IPO will be allocated to key technology research and development, enhancing global market penetration and business expansion, strategic investments or acquisitions, and general corporate purposes [2]

Core Viewpoint - The company, OmniVision Technologies (豪威集团), is initiating a pre-roadshow to gauge investor interest for a planned fundraising of approximately $1 billion (around HKD 7.8 billion) through a listing on the Hong Kong Stock Exchange [1] Group 1: Company Overview - OmniVision Technologies is a global fabless semiconductor design company, primarily known for its CMOS image sensors (CIS) [1] - The company operates three main business lines: image sensor solutions, display solutions, and analog solutions, while continuously expanding its product and solution offerings [1] - The company serves high-growth industries such as smartphones, automotive, medical, security, and emerging markets like machine vision, smart glasses, and edge AI [1] Group 2: Financial Performance - The company reported revenues of approximately RMB 20.04 billion, RMB 20.984 billion, RMB 25.707 billion, and RMB 13.944 billion for the fiscal years 2022, 2023, 2024, and the first half of 2025, respectively [1] - The net profits for the same periods were RMB 0.951 billion, RMB 0.544 billion, RMB 3.279 billion, and RMB 2.02 billion [1] Group 3: Fundraising Purpose - The proceeds from the fundraising will be used for investment in key technology research and development, enhancing global market penetration and business expansion, strategic investments or acquisitions, and general corporate purposes [2]

Core Viewpoint - The leading integrated circuit process image sensor (CIS) company, OmniVision Technologies (603501.SH), is conducting a pre-roadshow to gauge investor interest for a planned fundraising of approximately $1 billion (around HKD 7.8 billion) after passing the listing hearing on the Hong Kong Stock Exchange [1][2]. Group 1: Company Overview - OmniVision Technologies is a global fabless semiconductor design company, primarily known for its CMOS image sensors (CIS) [1]. - The company operates three main business lines: image sensor solutions, display solutions, and analog solutions, while continuously expanding its product and solution offerings to serve high-growth industries such as smartphones, automotive, medical, security, and emerging markets like machine vision, smart glasses, and edge AI [1]. Group 2: Financial Performance - For the fiscal years 2022, 2023, 2024, and the first half of 2025, OmniVision Technologies reported revenues of approximately CNY 20.04 billion, CNY 20.984 billion, CNY 25.707 billion, and CNY 13.944 billion, respectively [1]. - The net profits for the same periods were CNY 0.951 billion, CNY 0.544 billion, CNY 3.279 billion, and CNY 2.02 billion, respectively [1]. Group 3: Fundraising Purpose - The proceeds from the fundraising will be used for investment in key technology research and development, enhancing global market penetration and business expansion, strategic investments or acquisitions, and general corporate purposes [2].

Core Viewpoint - Howie Group (豪威集团) is a global Fabless semiconductor design company primarily focused on CMOS image sensors (CIS), with a strong emphasis on expanding its product offerings and market reach in high-growth industries such as smartphones, automotive, medical, and security [4][5]. Group 1: Company Overview - Howie Group is recognized for its proprietary technology, diverse product solutions, flexible Fabless business model, and extensive customer network [4]. - The company operates in three main business lines: image sensor solutions, display solutions, and analog solutions, continuously expanding its product range to serve various high-growth sectors [4]. Group 2: Product Innovations - In the smartphone CIS sector, Howie Group plans to launch the OV50X image sensor in April 2025, featuring LOFIC technology for single-exposure HDR in all lighting conditions [4]. - In the automotive CIS sector, the company has introduced several products, including the OX08D10 (8MP), OX05D10 (5MP), OX12A10 (12MP), and OX03H10 (3MP) CIS, designed to meet the requirements of next-generation ADAS and autonomous driving [4]. Group 3: Market Position - According to Frost & Sullivan, Howie Group is one of three companies with comprehensive business lines and strong design capabilities among the top ten Fabless IC design companies globally, based on 2024 revenue [5]. - The company ranks as the third-largest digital image sensor supplier globally, with a market share of 13.7% in 2024 [5]. Group 4: Financial Performance - Howie Group's revenue for the fiscal years 2022, 2023, and 2024 is approximately RMB 20.04 billion, RMB 20.98 billion, and RMB 25.71 billion, respectively, with a projected revenue of RMB 13.94 billion for the first half of 2025 [6]. - The net profit for the same periods is reported as RMB 0.95 billion, RMB 0.54 billion, RMB 3.28 billion, and RMB 2.02 billion for the first half of 2025 [6].

交银国际发布研报称，予内地科技行业领先评级。报告指，最近一个月，全球科技指数表现呈现分化， 存储价格继续飙升，该行维持预计供不应求的趋势或将延续至2026年底。半导体制造设备进口额10月同 比保持高速增长26%。该行继续看好内地半导体设备的投资前景并维持2026年市场规模较2025年继续增 长4.2%至542亿美元的预测。 该行认为全球AI基础设施过度建设的潜在风险总体可控，并看好2026年AI基础设施相关的投资前景。 相对于可比公司，NVIDIA(NVDA.US)近期股价表现相对滞后。该行认为该股在AI算力领域的主导地位 没有改变。该行看好半导体国产替代产业链机会，重点推荐北方华创（002371）(002371.SZ)和豪威集 团（603501）(603501.SH)。 ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Technology, specifically focusing on Artificial Intelligence (AI) and semiconductor sectors [1][5][8] - **Outlook for 2026**: The AI supercycle is expected to continue, with significant growth in AI infrastructure and domestic substitution in China [1][5] Core Insights and Arguments - **AI Infrastructure Growth**: AI infrastructure spending is projected to grow robustly, with major cloud providers expected to increase capital expenditures by over 30% in 2026, following a 60% increase in 2024/25 [5][10] - **Cloud Providers' Capital Expenditure**: Major cloud providers (META, Google, Microsoft, Amazon, Oracle) are expected to reach a combined capital expenditure of $467.9 billion in 2026, reflecting a 33% year-over-year increase [10][14] - **Domestic Substitution in China**: The "14th Five-Year Plan" is anticipated to accelerate domestic substitution in key industries, with Chinese cloud service providers expected to increase capital expenditures by 49% in 2025 [5][9] - **Demand for AI-Related Hardware**: There is a persistent supply-demand imbalance for critical hardware components such as computing, storage, and communication chips, driven by high demand from AI applications [10][34] - **Consumer Electronics Demand**: A cautious outlook for global consumer electronics demand is noted, with predictions of a slight decline in smartphone and PC sales in 2026 [5][9] Investment Recommendations - **Recommended Stocks**: - NVIDIA (NVDA US) - Buy, target price $245.00 - Broadcom (AVGO US) - Buy, target price $425.00 - TSMC (TSM US) - Buy, target price $360.00 - Domestic Chinese companies such as North Huachuang (002371 CH), OmniVision (603501 CH), and SMIC (981 HK) are also recommended [2][5] - **Risks**: Potential risks include underperformance in AI monetization, high valuations of core stocks, and geopolitical uncertainties [5][9] Additional Important Insights - **AI Model Development**: The development of AI models continues to progress, with increasing competition and the emergence of new models, including domestic AI models [10][16] - **Chip Supply Dynamics**: The supply of HBM (High Bandwidth Memory) chips is expected to ease in 2026 due to advancements in technology, although demand from AI applications remains high [51][52] - **Market Share Trends**: NVIDIA is projected to maintain a dominant market share in the accelerator chip market, although Broadcom's share is expected to increase significantly [47][46] - **Network Communication Growth**: The importance of network communication in enhancing the efficiency of accelerator chips is rising, with significant growth expected in the AI network communication market [48][54] This summary encapsulates the key points discussed in the conference call, providing insights into the technology industry's outlook, investment opportunities, and potential risks.

Group 1 - The core viewpoint of the news is that Howie Group is undergoing a listing hearing on the Hong Kong Stock Exchange, with UBS, CICC, PASCHK, and GFSHK as joint sponsors [1] - Howie Group is a global fabless semiconductor design company, primarily focused on CMOS image sensors (CIS) as its main product [1] - The company operates in three main business lines: image sensor solutions, display solutions, and analog solutions, while continuously expanding its product and solution offerings to serve high-growth industries such as smartphones, automotive, medical, security, and emerging markets like machine vision, smart glasses, and edge AI [1] Group 2 - According to Frost & Sullivan, Howie Group is one of three companies among the top ten fabless IC design firms globally, possessing a comprehensive business line and strong design capabilities as of 2024 [2] - Howie Group ranks as the third-largest digital image sensor supplier globally by revenue in 2024, holding a market share of 13.7% in image sensor solutions [2]