Core Viewpoint - Three new stocks, including Red Star Cold Chain, BBSB INTL, and Zhaoyi Innovation, officially listed on the Hong Kong stock market, with Zhaoyi Innovation experiencing a significant first-day increase of 37.53% [1][3]. Group 1: Zhaoyi Innovation - Zhaoyi Innovation is a large A-share company that has listed in Hong Kong, with a first-day price increase of 37.53% and an AH premium of 31.53% [1][3]. - The company is a well-known player in the integrated circuit design industry, particularly in specialized storage chips and MCUs, with a strong market presence [17][21]. - The listing price was set at HKD 162 per share, representing a 44% discount compared to its A-share price of CNY 261.83 [18][22]. - The net fundraising amount exceeded HKD 4.6 billion, with funds allocated for R&D, strategic investments, global expansion, operational efficiency, and working capital [22][20]. Group 2: BBSB INTL - BBSB INTL, a Malaysian civil engineering contractor, listed on the Hong Kong Growth Enterprise Market, raising a total of HKD 75 million, with a net amount of HKD 50 million [9][7]. - The company experienced a dramatic first-day trading performance, with an opening increase of 400% but closing at a 11.67% gain [5][6]. - BBSB INTL had an oversubscription rate of 10,745.13 times during the public offering, making it one of the most oversubscribed IPOs in Hong Kong history [10][9]. Group 3: Red Star Cold Chain - Red Star Cold Chain, a provider of cold storage and rental services for frozen food, had a modest first-day increase of 0.33% after initially rising nearly 60% [5][6]. - The company reported revenues of CNY 2.37 billion, CNY 2.02 billion, and CNY 2.34 billion for the years 2022, 2023, and 2024, respectively, with corresponding net profits of CNY 791 million, CNY 753 million, and CNY 829 million [11][16]. - The oversubscription rate for Red Star Cold Chain was 2,309.25 times, indicating strong investor interest despite its lower market appeal compared to tech and consumer sectors [13][16].

1月13日，红星冷链、BBSB INTL以及兆易创新这3只新股正式登陆港股市场。 在这3家公司中，兆易创新是又一起大型A股公司赴港上市的案例，兆易创新本次上市首日涨幅高达37.53%，但目前AH溢价仍高达31.53%。 | 222.800 | | 200.328(CNY) 460,800 +37,53% | | | | | 北昌创新 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 3986 | | HKEX HKD 16:08:16 闭市 | | | | | | | 10 + | | A(603986) | | 263.50(+0.64%) A/H:+31.53% | | 今年 | | · 120日 | | | 委比 | 75.28% 委第 | | 2.687 | 5日 | | - 250日 | | | 炭五 | 223,600 | 100 ( | 1) | 20B | | · 52周高 | 248.80 | | | 223,400 | | | 60 B | | - 52周任 | 220.00 | | 爱四 | | . | ...

兆易创新涨4.64%，报273.98元/股，股价再创新高，总市值突破1829.77亿元，成交额达27.50亿元。 （AI生成） ...

每经AI快讯，1月13日，新股兆易创新在港交所上市，开盘大涨45.06%，报235港元。 ...

转自：新华财经 新华财经上海1月13日电（记者高少华）近日，"一盒内存条堪比上海一套房"的消息登上多个平台热搜。业内人士认为，当前全球AI需求快速增长造成高端 存储需求暴涨，存储芯片厂商将产能转移至高毛利产品，导致传统电子产品使用的存储芯片供需失衡，由此造成内存价格因短缺而持续上涨。存储行业正由 单一容量驱动向"算力密度 + 带宽密度"协同驱动阶段演进。 2026年存储市场继续上演涨价潮 "存储作为人工智能建设的核心器件，能够得到稳定供应对于整个数据中心技术规划至关重要。"何晖表示，由于上游供应商越来越多转向高毛利的内存产 品，传统电子产品如个人计算机、手机、消费电子产品等使用的内存供应出现严重缺口，市场报价也不断攀升，长期在硬件产品端处于低毛利的代工厂商承 压显著。 自2025年以来全球存储市场迎来周期性涨价潮。进入2026年，市场依然呈现持续上涨趋势。 研究机构TrendForce集邦咨询的数据显示，2026年第一季度由于存储芯片原厂大规模转移先进制程，将新产能转至服务器、高带宽内存（HBM）应用，以满 足人工智能服务器需求，导致其他市场供给严重紧缩，预估一般型内存产品合约价将季度增长55%至60%；闪存 ...

Core Viewpoint - The demand for AI computing power is entering a rapid growth cycle, leading to a significant price increase for storage chips, with international companies planning to raise server DRAM prices by 60%-70% in Q1 2026 compared to Q4 2025 [2][3]. Industry Overview - The global storage chip market is experiencing a sustained upward cycle due to increased demand driven by AI technology, with DRAM and NAND flash consumption in the server sector expected to grow by 40%-50% year-on-year in 2025 [3]. - The price of DDR4 memory modules has tripled within a year, indicating a severe shortage in the storage chip market [3]. - Major companies like Samsung and SK Hynix are prioritizing advanced process capacities, leading to a reduction in the production of mature processes like DDR4, creating supply gaps for specific mid-range storage chips [3]. Company Performance - Zhaoyi Innovation, a leading domestic storage chip company, has seen its stock price increase by 101.25% in 2025, reaching a historical high of 273.77 yuan per share by early 2026, with a market capitalization exceeding 180 billion yuan [2]. - The company reported a revenue of 26.81 billion yuan in Q3 2025, a year-on-year increase of 31.40%, with net profit rising by 61.13% [11]. Product and Market Position - Zhaoyi Innovation has a diverse product matrix, including niche DRAM, NOR Flash, and MCU, with significant market shares in various segments [5][6]. - The company plans to enhance its NOR Flash product line and aims to achieve mass production of 45nm NOR Flash products by 2026 [5]. Supply Chain and Production Strategy - Zhaoyi Innovation operates on a Fabless model, relying on major foundries for production, which allows for rapid market response but also poses supply chain risks [7]. - The company has invested in binding partnerships with key foundries to secure production capacity and mitigate supply chain risks, including a 1.88% stake in Changxin Storage [8][9]. Capital Expansion and Future Outlook - The company went public in Hong Kong on January 13, 2026, raising approximately 4.18 billion HKD to enhance R&D capabilities and expand its global marketing network [14]. - While capital expansion presents opportunities, it also brings challenges related to funding, technology, and market competition, particularly in a capital-intensive industry like semiconductors [15].

来源：市场资讯 （来源：董秘俱乐部） 精彩预览 放在港股近一年环境下看，这个时点也是再好不过。 一方面，港交所对大型、成熟企业的制度弹性明显增强，尤其是在公众持股比例和发行结构上，为 A+H公司释放了更大的操作空间； 另一方面，港股IPO定价规则在2025年完成调整，机构定价权被明确强化，对有稳定业绩、愿意接受机 构定价的企业更友好。 导读 1月13日，兆易创新在港交所挂牌上市。其发行价162港元/股，当天最高冲至248港元，涨幅53.08%，总 市值最高超过1600亿港元！ 这家在A股上市已逾十年的半导体公司，再次走向公开资本市场。对市场而言，这是存储芯片企业在行 业回暖阶段的一次融资动作； 但对董秘群体来说，更值得关注是这家公司的上市路径——几乎把当前港股IPO的核心规则完整跑了一 遍。 港股这两年的制度变化，并不体现在门槛降低，而体现在结构与责任的重新分配。 一、为什么是现在去港股 从公告信息和已披露内容看，兆易创新此时赴港，并不是补血式上市。它本身已经是A股上市公司，业 务成熟、产品线也很清晰，盈利能力更是经历过完整的周期波动。 此类公司选择港股，是主动配置国际资本市场，而不是被动寻找退出通道。 这两 ...

公开资料显示，兆易创新是全球排名第一的无晶圆厂Flash供应商，以及中国品牌排名第一的Arm通用型MCU供应商。 兆易创新2016年8月18日在主板挂牌上市，A股IPO发行价23.26元/股，募资总额约为5.82亿元。随后，兆易创新开启资本扩张，不断壮大市场版图。2025 年12月30日，兆易创新在港交所公告，拟全球发售2891.58万股H股，预期于2026年1月13日开始在香港联交所买卖。此外，兆易创新还通过设立基金入股 行业明星项目长鑫科技。截至目前，朱一明同时担任兆易创新和长鑫科技的董事长。 如今，兆易创新不仅是半导体板块的"压舱石"，更因其在全球NOR Flash(代码型闪存芯片)、SLC NAND Flash(单层单元闪存)、利基型DRAM(动态随机存 取内存)和微控制器(MCU)赛道的竞争力，成为国内存储芯片龙头企业。 1月13日，恒生指数收涨0.9%，恒生科技指数涨0.11%。医药股走强，药明康德（603259）涨逾8%，药明生物涨近6%。科网股表现分化，阿里巴巴、哔哩 哔哩涨逾3%；商汤跌近5%。 其中国产存储芯片一哥兆易创新（603986）H股上市首日表现亮眼，盘中涨幅最高超过53%，截至收 ...

公开资料显示，兆易创新是全球排名第一的无晶圆厂Flash供应商，以及中国品牌排名第一的 Arm通用型MCU供应商。 记者丨曾静娇 彭新 编辑丨刘雪莹 1月13日，恒生指数收涨0.9%，恒生科技指数涨0.11%。医药股走强，药明康德涨逾8%，药明 生物涨近6%。科网股表现分化，阿里巴巴、哔哩哔哩涨逾3%；商汤跌近5%。 其中国产存储芯片一哥兆易创新H股上市首日表现亮眼，盘中涨幅最高超过53%，截至收盘， 涨幅回落至 37.53%， 股价报222.8港元，市值为1552亿港元。其发行价定为每股162港元。 | A(603986) | | 263.50(+0.64%) A/H:+31.53% | | रेस | | - 120日 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 変比 | 75.28% 委差 | | 2.68万 | 5日 | - 250日 | | | | 学于 | 223.600 | 100 ( | 1) | 20日 | | - 52周高 | 0.00 | | 英国 | 223.400 | l | - ) | 60日 | | - 52周低 ...

证券之星消息，1月13日半导体板块较上一交易日下跌3.65%，长光华芯领跌。当日上证指数报收于 4138.76，下跌0.64%。深证成指报收于14169.4，下跌1.37%。半导体板块个股涨跌见下表： 从资金流向上来看，当日半导体板块主力资金净流出153.24亿元，游资资金净流入66.7亿元，散户资金净 流入86.54亿元。半导体板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603986 兆易创新 | | 5.31 Z | 4.34% | -1.51 Z | -1.23% | -3.80 Z | -3.10% | | 300456 赛微电子 | | 3.02亿 | 4.87% | -977.25万 | -0.16% | -2.92 Z | -4.71% | | 688809 强一股份 | | 1.38亿 | 7.03% | -1.30亿 | -6.63% | -786.45万 | -0.4 ...