Group 1: Market Activity - A total of 26 companies submitted applications to the Hong Kong Stock Exchange last week, marking a recent high in submissions [2] - Among the 26 companies, 3 passed the hearing, and 1 company is currently in the process of an IPO [10][12] Group 2: Industry Highlights - The semiconductor and computing sectors are particularly active, with companies like Weizhao Semiconductor and Placo Electronics submitting applications [2] - Weizhao Semiconductor reported a revenue of 615 million yuan and a profit of 40.25 million yuan for the first nine months of 2025 [2] - Placo Electronics achieved a revenue of 751 million yuan and a profit of 76.11 million yuan for the same period [2] Group 3: Robotics Sector - Several robotics companies, including Yifei Intelligent and Estun, are also pursuing listings [3] - Estun is ranked first in the industrial robotics sector by revenue, with a market share of 1.7% globally [3] - TuoStar is recognized as a leader in the domestic industrial robotics market, with a revenue of 1.688 billion yuan and a net profit of 47 million yuan for the first nine months of 2025 [3] Group 4: Biopharmaceutical Sector - Multiple biopharmaceutical companies are applying for listings, including Zeling Bio and Exegenesis Bio Inc. [4][5] - Zeling Bio reported a loss of 1.19 million yuan for the first nine months of 2025, while Exegenesis Bio has not yet received regulatory approval for its products [5][6] - Shanghai Shengsheng achieved a revenue of 538 million yuan and a net profit of 11.3 million yuan for the same period [4] Group 5: Food and Beverage Sector - The food and beverage sector is seeing significant activity, with companies like Yuanji Food and Qian Dama submitting applications [7] - Yuanji Food reported an adjusted net profit of 192 million yuan for the first nine months of 2025, a 31% increase year-on-year [7] - Qian Dama achieved a GMV of 14.8 billion yuan in 2024, maintaining its position as the top player in the community fresh product retail chain industry [7] Group 6: New Listings - Four new stocks were listed last week, with all experiencing price increases on their first trading day [13] - The stock of Howie Group, a global leader in CMOS image sensors, rose by 16.22% on its debut [13] - Zhaoyi Innovation, a storage chip leader, saw its stock price increase by 38.27% on its first day of trading [13]

（原标题：123只股收盘价创历史新高） 沪指今日上涨0.29%，123股收盘价创历史新高。 今日可交易A股中，股价上涨的有3527只，占比64.59%，下跌的有1827只，占比33.46%，其中，涨停的有104只，跌停的有31只。 证券时报•数据宝统计显示，不含近一年上市的次新股，今日共有123股收盘价创历史新高，按所属板块看，主板有60只，创业板有30只，科创板 有28只。从行业属性来看，机械设备、电子、电力设备行业创新高的个股较为集中，分别有24只、24只、15只个股出现在名单中。 从股价表现看，收盘价创历史新高股中，今日股价平均上涨5.41%，涨停的有亿能电力、中国西电、万泽股份等，涨幅居前的有埃科光电、灿能 电力、超捷股份等。股价方面，创新高股平均股价70.83元，其中，股价超百元的有25只，50元~100元的有35只，收盘股价最高的是中微公司，今 日收盘价为379.00元，上涨0.49%，其次是兆易创新、金海通，收盘价分别为288.45元、244.06元。 资金流向上，今日创新高股主力资金合计净流入72.44亿元，其中，主力资金净流入的有76只，净流入资金居前的有特变电工、中国西电、中金黄 金等，净 ...

证券代码：603986 证券简称：兆易创新 公告编号：2026-004 兆易创新科技集团股份有限公司 关于完成工商变更登记的公告 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。 兆易创新科技集团股份有限公司（以下简称"公司"）于 2025 年 1 月 21 日、 8 月 7 日，完成 2020、2021 年股权激励计划中共计 94,129 股限制性股票回购注 销工作；公司于 2025 年 9 月 3 日、9 月 29 日，完成 2023 年股票期权激励计划 第二个行权期、2020 年股票期权与限制性股票激励计划第四个行权期的股份登 记工作，共计新增股份 3,247,996 股。公司总股本由 664,124,105 股变更为 667,277,972 股；公司注册资本由人民币 664,124,105 元变更为人民币 667,277,972 元。该注册资本变更事项已于 2025 年 10 月 28 日召开的第五届董事会第六次会 议、2025 年 12 月 16 日召开的 2025 年第二次临时股东会审议通过。 目前公司已完成了上述事 ...

Core Viewpoint - The stock of Zhaoyi Innovation (03986) surged over 7% in early trading, reaching a new high of 295 HKD, driven by positive market sentiment regarding the semiconductor industry and supply-demand dynamics in storage chips [1] Industry Summary - According to a Morgan Stanley research report, the supply-demand gap for traditional storage chips is continuing to widen, with a new super cycle expected in the industry from Q2 2025 to 2026 [1] - Products such as DDR4, DDR3, NOR Flash, and SLC/MLC NAND are experiencing increasing supply tightness, and there are no pessimistic indicators in the market [1] - The demand for advanced process storage products (e.g., DDR5, HBM) is strong, which is squeezing the allocation of mature process capacity [1] - In January 2026, major companies are expected to have a positive procurement attitude towards DDR4, with potential price increases of up to 50% in Q1 due to supply constraints [1] Company Summary - Zhaoyi Innovation is projected to hold the largest market share in NOR Flash and SLC NAND Flash products in mainland China in 2024, and is expected to be the second largest in niche DRAM market share [1] - According to Everbright Securities, Zhaoyi Innovation is a leading player in the domestic niche storage market, benefiting from the upward cycle in storage, which is expected to enhance both volume and price [1] - The company's diversified product portfolio is anticipated to further open up incremental growth opportunities [1]

Core Viewpoint - The report from Morgan Stanley indicates a significant and expanding supply-demand gap in traditional memory chips, forecasting a new super cycle in the industry from Q2 2025 to 2026, with increasing supply constraints for products like DDR4, DDR3, NOR Flash, and SLC/MLC NAND [1] Group 1: Company Performance - Zhaoyi Innovation (兆易创新) saw its stock price rise over 7% in early trading, reaching a new high of 295 HKD, and is currently trading at 285.8 HKD with a transaction volume of 360 million HKD [1] - The company is projected to hold the largest market share in NOR Flash and SLC NAND Flash products in mainland China in 2024, and is expected to rank second in the niche DRAM market share [1] Group 2: Industry Outlook - The demand for advanced process memory products, such as DDR5 and HBM, is strong, which is putting pressure on the allocation of mature process capacities [1] - Major companies are expected to adopt a positive procurement attitude towards DDR4 in January 2026, with potential price increases of up to 50% in Q1 due to supply limitations [1] - According to Everbright Securities, Zhaoyi Innovation is recognized as a leading player in the domestic niche memory sector, benefiting from the upward cycle in memory prices and volumes, with a diversified product portfolio that is likely to create additional growth opportunities [1]

Group 1 - The A-share market showed mixed performance on January 19, with the Shanghai Composite Index rising by 0.11%, driven by gains in sectors such as electric equipment, public utilities, and automobiles, while the comprehensive and computer sectors faced declines [1] - The chip technology sector demonstrated strength, with the chip ETF (159995.SZ) increasing by 0.15%, and notable gains in constituent stocks such as Haiguang Information (+3.83%), Chipone Technology (+2.53%), and Zhaoyi Innovation (+2.33%) [1] Group 2 - TSMC held a conference on January 15, providing guidance for capital expenditures in 2026, projected to be between $52 billion and $56 billion, a significant increase of up to 36.9% from the previous year's $40.9 billion [3] - The proportion of capital expenditure allocated to advanced packaging, testing, and mask manufacturing has been revised to 10-20%, up from approximately 10% previously [3] - According to Open Source Securities, TSMC's increased capital expenditure is expected to boost expectations for advanced process capacity expansion, with high-end advanced packaging being essential for AI chips, likely leading to significant demand growth [3]

Group 1 - As of January 16, the margin trading balance in A-shares reached 27,315.37 billion yuan, an increase of 127.86 billion yuan from the previous trading day, accounting for 1.65% of the A-share circulating market value [1] - The trading volume for margin transactions on the same day was 3,364.9 billion yuan, which is an increase of 184.47 billion yuan from the previous trading day, representing 10.99% of the total A-share trading volume [1] - Among the 31 primary industries, 20 experienced net financing inflows, with the electronics sector leading at a net inflow of 10.279 billion yuan [1] Group 2 - The top individual stocks with net financing inflows exceeding 1 billion yuan included China Ping An, which had a net inflow of 1.332 billion yuan, followed by TBEA, Kweichow Moutai, and others [1] - The report from Huawei indicates that by 2035, the total computing power in society is expected to grow by up to 100,000 times, suggesting a significant upward trend in the semiconductor cycle driven by artificial intelligence [2] - The research from Huajin Securities recommends focusing on the entire semiconductor industry chain, from design and manufacturing to packaging testing and upstream equipment materials [2]

Group 1 - The core viewpoint of the article highlights the recent stock transfer of兆易创新 (Zhaoyi Innovation) from UBS Securities Hong Kong Limited to Citibank, with a market value of HKD 340 million, representing 5.04% of the company [1] - On January 13, 兆易创新 was officially listed, with a share price set at HKD 162, issuing a total of 28.9158 million shares, resulting in a net fundraising amount of approximately HKD 4.611 billion [1] - 兆易创新 is identified as a diversified chip integrated circuit design company, indicating its focus and specialization within the semiconductor industry [1]

Group 1 - The core viewpoint of the article highlights the recent stock transfer of兆易创新 (Zhaoyi Innovation) from UBS Securities to Citibank, with a market value of HKD 340 million, representing 5.04% of the company [1] - On January 13, 兆易创新 was officially listed, with a share price set at HKD 162, issuing a total of 28.9158 million shares, resulting in a net proceeds of approximately HKD 4.611 billion [1] - 兆易创新 is identified as a diversified chip integrated circuit design company, indicating its focus and specialization within the semiconductor industry [1]

Core Viewpoint - The enthusiasm for "A+H" listings is increasing, with several A-share companies planning to issue H-shares and list on the Hong Kong Stock Exchange, driven by supportive policies and regulatory improvements [1][2]. Group 1: Market Trends - Companies such as Jucheng Co., Zhengtai Electric, and Penghui Energy are actively planning to issue H-shares and list on the Hong Kong Stock Exchange [1]. - The first "A+H" company to list in 2026 was Haowei Group, followed by Zhaoyi Innovation, indicating a growing trend of dual listings [1]. - The China Securities Regulatory Commission (CSRC) has released measures to support leading domestic companies in listing in Hong Kong, enhancing the development of A-share companies [1]. Group 2: Regulatory Environment - The collaboration between regulatory bodies in both regions has improved the efficiency of the listing application process for A-share companies, creating a more favorable environment for listings [2]. - The Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange have optimized the approval process for new listings, further facilitating A-share companies' access to the market [1][2]. Group 3: Strategic Motivations - Companies are motivated to list in Hong Kong to enhance their global strategy, improve international competitiveness, and create platforms for overseas capital operations [2][3]. - The sectors represented by companies planning to list include high-end electronics, new energy, artificial intelligence, and smart transportation, often featuring industry leaders or technology-driven firms [3]. - The "A+H" model serves not only as a financing tool but also as a strategic configuration that allows companies to mitigate market risks and advance their internationalization efforts [3].