Core Viewpoint - The article highlights the successful IPO of Zhaoyi Innovation, a semiconductor company, on the Hong Kong Stock Exchange, emphasizing its potential in the semiconductor industry and its diverse product offerings [1][3]. Group 1: IPO Details - Zhaoyi Innovation launched its IPO on January 13, issuing 28.92 million H-shares, with approximately 10% allocated for public offering and the remainder for international placement [3]. - The IPO was priced at 162 HKD per share, aiming to raise up to 4.684 billion HKD [3]. - On its first trading day, the stock opened at 235 HKD, marking a 45.06% increase, and peaked with a gain of over 50% during the day [1]. Group 2: Company Overview - Zhaoyi Innovation is an integrated circuit design company that offers a variety of chip products, including Flash, DRAM, microcontrollers (MCU), analog chips, and sensor chips, catering to sectors such as consumer electronics, automotive, industrial applications, personal computers, and IoT [3]. - The company reported projected revenues of 8.13 billion CNY, 5.761 billion CNY, and 7.356 billion CNY for the years 2022 to 2024, respectively, with net profits of 2.053 billion CNY, 161 million CNY, and 1.103 billion CNY for the same period [3]. Group 3: Leadership - The company was founded in April 2005 by Zhu Yiming, who has served as the executive director and chairman since its inception [4]. - Zhu Yiming, aged 53, has a strong educational background with degrees from Tsinghua University and Stony Brook University, and he has held significant positions in the semiconductor industry, including chairman and CEO roles at Changxin Technology [4].

Core Viewpoint - The Chip Leader ETF (516640) opened with a slight decline of 0.08%, indicating a mixed performance in the semiconductor sector [1] Group 1: ETF Performance - The Chip Leader ETF (516640) opened at 1.188 yuan [1] - Since its establishment on August 19, 2021, the fund has achieved a return of 19.13% [1] - The fund's return over the past month is reported at 13.34% [1] Group 2: Major Holdings Performance - Major holdings in the ETF include: - SMIC: down 0.13% [1] - Cambricon: down 1.65% [1] - Haiguang Information: unchanged [1] - Northern Huachuang: down 0.37% [1] - Lattice Semiconductor: unchanged [1] - Zhaoyi Innovation: up 1.59% [1] - Zhongwei Company: down 1.20% [1] - OmniVision: up 0.19% [1] - Chipone: up 0.23% [1] - Changdian Technology: down 0.41% [1]

公开资料显示，兆易创新是中国最具代表性的全球化芯片设计企业之一，亦是少数在多项核心存储与控制芯片领域实现全球对标的中国芯片公司。作为2016 年已在上海证券交易所主板上市的半导体龙头企业，兆易创新十年来发展迅速，此次成功登陆香港资本市场，标志着公司正式完成"A+H"双资本平台的构 建，具有里程碑意义。 上证报中国证券网讯（记者 刘逸鹏）1月13日，存储芯片厂商兆易创新在港交所挂牌上市。上市首日，该股高开45.06%报235港元/股，盘中一度涨超50%。 截至10时23分，该股涨43.46%，报232.4港元/股。 | ■ 兆易创新 | | | | --- | --- | --- | | 03986 L2 - | | | | 232.400 今开 235.000 最高 248.800 最低 230.0 | | | | 24.78% 总量 716.6万股 金额 43.46% 70.400 快手 | | 16.56 | | 总值 1619亿 市盈 111.34 市净 8.13 | | | | A股报价: 262.19 +0.14% (? (H/A) 比价=0.79 | | | | 分时 五日 нк 周Ｋ 月Ｋ 更多 ...

兆易创新香港上市首日涨幅达 53%。 ...

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]

Group 1 - The Hang Seng Technology Index increased by 1.93% and the Hang Seng Index rose by 1.32% [1] - Notable stock performances include: Zhaoyi Innovation up by 45.06%, Dali Group Holdings up by 13.35%, and Rongchang Bio up by 8.84% [1] - Declining stocks include: Times Angel down by 4.96%, Master Kong Holdings down by 4.18%, and CIMC Enric down by 3.72% [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]

Important Events - Rongchang Bio signed a licensing agreement with AbbVie, potentially receiving up to $4.95 billion in milestone payments [1] - Zhaoyi Innovation's public offering in Hong Kong was oversubscribed by 542 times, with a share price of HKD 162, and H-shares will start trading on January 13 [1] - Hushen Technology's subsidiary Tianan Chemical is undergoing maintenance shutdown [1] - Huitian Technology plans to invest $300 million in a high-density optoelectronic integrated circuit board project [1] - Nanda Optoelectronics' subsidiary in Ningbo has an annual production capacity of 50 tons for ArF photoresist [1] - Hunan Baiyin has completed all maintenance plans [1] - AVIC Optoelectronics is a core supplier for Blue Arrow Aerospace [1] Investment Activities - Shaanxi Huada is deeply involved in aerospace projects such as Xingwang and Qianfan, providing supporting products for the second phase of Xingwang [1] - Shunhao Co. plans to invest CNY 74.98 million in its associate company, Trajectory Chuangguang [1] - Shengyang Technology is the sole provider of DVB-NIP hardware and software, with its software recognized by a leading European satellite operator [1] - Tengjing Technology's precision optical components meet the requirements for commercial aerospace satellite laser communication, with small batches already delivered to customers [1] - Jiangbolong's UFS4.1 products have been recognized by storage manufacturers, including SanDisk [1] - Blue Arrow Electronics plans to acquire at least 51% of Chengdu Xinyi's shares to expand into the chip design industry chain [1] - Huitian Technology's $300 million investment is expected to add an annual production capacity of 1.3 million high-density optoelectronic integrated circuit boards and generate an additional annual revenue of CNY 2 billion [1] - Boss Electric plans to invest CNY 100 million in Youte Smart Kitchen to jointly develop the smart cooking robot niche market [1] - Weiteou signed a strategic cooperation agreement with Qiteng Robotics [1] - Cangge Mining expects a net profit of CNY 3.7 billion to CNY 3.95 billion in 2025, benefiting from rising copper prices and capacity release from its associate, Tibet Julong Copper Industry Co., Ltd. [1] - Jinlongyu is investing CNY 1.2 billion to build a production line for solid-state batteries with an annual capacity of 2 GWh [1] Performance Forecasts - Chaohongji expects a net profit increase of 125% to 175% year-on-year in 2025 [2] - Asia-Pacific Co. anticipates a net profit increase of 120% to 170% year-on-year in 2025 [2] - WuXi AppTec forecasts a net profit increase of 103% year-on-year in 2025 [2] - Xinong Co. expects a net profit increase of 50.71% to 81.89% year-on-year in 2025 [2] - Lianhua Holdings anticipates a net profit increase of 43.15% to 62.9% year-on-year in 2025 [2] - Rongbai Technology expects to turn profitable in the fourth quarter of 2025 [2]

Group 1 - The company,兆易创新, announced the results of its share allocation, with a total global offering of 28.9158 million shares [1] - The final offering price was set at HKD 162 per share, resulting in a net fundraising of approximately HKD 4.611 billion [1] - The Hong Kong public offering was oversubscribed by 542.22 times, while the international offering was oversubscribed by 18.52 times [1] Group 2 - The Hong Kong public offering accounted for 2.8916 million shares, while the international offering accounted for 26.0242 million shares [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on January 13, 2026 [1]