2月9日，澜起科技大宗交易成交5.35万股，成交额927.96万元，占当日总成交额的0.13%，成交价173.45 元，较市场收盘价173.45元持平。 | 股票基金信息 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | | 卖出营业部 | 是否为专 | | 026-02-09 | 湖起科技 | 688008 | 173.45 927.96 | 5.35 | 茶育園餐園餐園酒 | 稠闊體 | | | ...

澜起科技首日表现强劲，开盘报168港元，较每股106.9港元的发行价高开57.17%。截至当日收盘，报 175港元，涨63.72%，对应总市值超2121亿港元。 转自：新华财经 据悉，澜起科技成立于2004年5月，总部位于上海。公司于2019年7月在上海交易所科创板挂牌上市。 新华财经香港2月9日电（记者林迎楠）澜起科技股份有限公司9日在香港交易所主板正式挂牌交易，实 现"A+H"双上市平台。 招股书显示，澜起科技此次发售6589万股，每股定价106.89港元，募集资金总额约70.43亿港元，募资净 额约69.05亿港元。此次H股上市募集的资金将主要用于深化公司的国际化战略布局、持续吸引并集聚优 秀的研发与管理人才、增强境外融资能力等三个方面。 澜起科技表示，受益于AI产业趋势，行业需求旺盛，互连类芯片出货量增加推动公司2025年度经营业 绩较上年同期实现大幅增长。公司日前发布的公告预计，澜起科技2025年度净利润将达到21.5亿元至 23.5亿元人民币，较上年同期增长52.29%至66.46%。扣除非经常性损益后的净利润预计为19.2亿元至 21.2亿元人民币，增幅最高接近70%。 编辑：罗浩 ...

继豪威集团、兆易创新等半导体行业龙头实现"A+H"上市，又一家企业成功登陆港股市场。 2月9日，澜起科技成功登陆港交所，该公司为一家全球领先的无晶圆厂集成电路设计公司，专注于为云计算及AI基 础设施提供互联解决方案。值得一提的是，该公司曾于2019年登陆上交所，为科创板首批25家上市公司之一。 更早之前，澜起科技曾在纳斯达克上市，不过，该公司被做空机构质疑财务造假后虽进行澄清，但其最终还是在 2014年11月完成私有化。 就本次港股IPO，澜起科技称，将有利于公司深化国际化布局，持续吸引并聚集优秀研发及管理人才，增强境外融 资能力，进一步提高公司的核心竞争力等。具体看，该公司计划募资用于互联类芯片领域的研发，用于提高商业化 能力，用于战略投资或收购等。 2月9日，澜起科技港股上市首日股价大涨，截至收盘报162.1港元/股，涨幅近63%，总市值2122亿港元；A股方面， 澜起科技今日收盘涨超6%。 澜起科技日前发布业绩预告显示，该公司预计2025年度净利润将达到21.5亿元至23.5亿元，较上年同期增长52.29% 至66.46%；扣除非经常性损益后的净利润预计为19.2亿元至21.2亿元，增幅最高接近70%。 ...

Core Viewpoint - 澜起科技股份有限公司 (06809.HK) successfully listed on the Hong Kong Stock Exchange, closing at 175.00 HKD, representing a 63.72% increase from its initial offering price of 106.89 HKD [1][2]. Group 1: Company Overview - 澜起科技 is a fabless integrated circuit design company focused on providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure [1]. - The company issued a total of 65,890,000 shares, with 6,589,000 shares allocated for public offering in Hong Kong and 59,301,000 shares for international offering [2]. Group 2: Financial Details - The total amount raised from the offering, before the exercise of the over-allotment option, was 7,043.0 million HKD, with net proceeds amounting to 6,904.6 million HKD after deducting estimated listing expenses of 138.4 million HKD [3]. - 澜起科技 plans to utilize the net proceeds for research and development in interconnect chips, enhancing commercialization capabilities, strategic investments and/or acquisitions, working capital, and general corporate purposes [3]. Group 3: Key Investors - The cornerstone investors in this offering include JPMIMI, UBS AM, Yunfeng Capital, and several others, collectively holding significant stakes in the company [4]. Group 4: Historical Context - 澜起科技 was previously listed on the Shanghai Stock Exchange's STAR Market on July 22, 2019, raising a total of 280,193.84 million CNY, with a net amount of 274,655.81 million CNY after expenses [7]. - The company’s initial public offering in 2019 aimed to raise funds for projects related to next-generation memory interface chips, server CPU technology upgrades, and AI chip development [7].

Group 1: Market Performance - The Hang Seng Index closed up 1.76%, while the Hang Seng Tech Index rose by 1.34% [1] - Leading sectors included optical communication, with notable gains from companies such as 澜起科技 (Lanke Technology) up over 63% and 长飞光纤光缆 (Changfei Optical Fiber) up 15.3% [1] - Consumer stocks showed continued recovery, with 中国中免 (China Duty Free) rising 8.3% and 泡泡玛特 (Pop Mart) increasing by 5.7% [1] Group 2: Company Highlights - 澜起科技 (Lanke Technology) officially listed on the Hong Kong stock market, opening with a gain of over 50% from its issue price, and its market capitalization quickly surpassed 200 billion HKD, closing at 175 HKD, up 63.72% [3] - 智谱 (Zhiyu) saw its stock price increase by 36.22% after the public listing of its large model, reaching a market value of 123.4 billion HKD [2] Group 3: Industry Trends - The rapid growth in demand for AI large model training and inference is driving a recovery in the storage industry, with high-performance storage products experiencing explosive demand [6] - A new wave of price increases in the semiconductor industry is expected starting in 2026, affecting various segments including storage and CPU, with major companies announcing price hikes [7] - Major cloud service providers like Amazon, Google, Microsoft, and Meta are projected to have a combined capital expenditure of 660 billion USD in 2026, a significant 60% increase year-on-year, primarily directed towards AI computing infrastructure [7] Group 4: Market Outlook - 海通国际 (Haitong International) is optimistic about the market's performance leading up to the Chinese New Year, predicting a potential rebound in both A-shares and Hong Kong stocks [8] - The current low-risk yield in mainland China makes the stock market more attractive compared to the bond and real estate markets [8] - Upcoming political and economic events, including local and national meetings, are expected to catalyze market movements and attract new capital [8]

Market Performance - The Hang Seng Technology Index increased by 1.34%, while the Hang Seng Index rose by 1.76% [1] - The Hong Kong Stock Connect ETF from Yinhua (159318) gained 1.64%, and the Technology ETF from Penghua (159751) increased by 1.79% [1] Sector Performance - The insurance and communication equipment sectors showed the highest gains, while the energy equipment and services sector experienced the largest declines [1] Individual Stock Movements - Lanke Technology surged over 63%, followed by Zhipu with a 36.22% increase, and MINIMAX-WP rising by 11.71% [1] - Notable gainers also included: - Zhaoyi Innovation (603986) up 11.43% - China Duty Free (601888) up 8.31% - Innovent Biologics up 7.42% - SANY Heavy Industry (600031) up 7.12% [1] - Other significant increases were seen in: - Laopu Gold up 6.35% - Fast Retailing up 6.26% - Pop Mart up 5.76% - Zijin Mining (601899) up 5.58% - Weichai Power (000338) up 5.23% - Minmetals Resources up 5.0% - Ping An Insurance up 4.88% - Swire Properties up 4.71% - Zhaojin Mining up 4.21% - China National Heavy Duty Truck (000951) up 4.17% - SMIC up 4.07% [1] - On the downside, Xixiangfeng Group fell by 5.88%, and Weilu Group dropped by 15.47% [1] - Noteworthy gainers included Changfei Optical Fiber (601869) with a 15.31% increase and Dongfang Electric (600875) up 14.34% [1]

2月9日，港股市场迎来久违的"逼空"行情，三大指数高开高走，延续强势反弹势头，截止收盘，港股恒 生指数涨1.76%报27027.16点，恒生科技指数涨1.34%报5417.6点，国企指数涨1.52%报9168.33点，红筹 指数涨0.8%报4395.49点。 2. 资源与能源：供需缺口逻辑中广核矿业（01164）大涨超8%。华西证券指出，全球一次铀供应缺口将 依赖复产项目，而哈原工与关西电力的签约或加剧供需紧张，作为中广核集团海外唯一铀资源平台，其 龙头地位凸显。稀土永磁板块走强，金力永磁（06680）涨4.72%。受分离厂停产及大厂补库影响，氧 化镨钕价格跳涨至80.5万元/吨，市场看涨情绪升温。 3. 机器人与高端制造：全球龙头效应卧安机器人（06600）飙升近12%。作为2024年全球家庭机器人系 统零售额冠军（市占率11.9%），且有望在2026年3月纳入港股通，其稀缺性备受瞩目。迈富时 （02556）涨超7%，Agent需求的指数级爆发是其核心催化剂。 4. 消费与文娱：IP与新品驱动泡泡玛特（09992）涨5%，延续强势。心动公司（02400）涨4.23%，旗下 《心动小镇》凭借"小马宝莉"IP联 ...

Core Viewpoint - The Hong Kong stock market experienced a collective rise, with the Hang Seng Index increasing by 1.76% to surpass the 27,000-point mark, driven by positive market sentiment following a significant rise in US stocks and a rebound in commodities like gold and silver [1] Group 1: Market Performance - The Hang Seng Index rose by 1.76%, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index increased by 1.52% and 1.34%, respectively [1] - Major technology and financial stocks were active, contributing to the market's upward movement, with Baidu rising approximately 4% and China Ping An leading insurance stocks with a nearly 5% increase [1] Group 2: Sector Highlights - AI application stocks surged, with Zhizhu Technology soaring over 40% to reach a new high following Elon Musk's statement about AI deployment in space [1] - Gold stocks led a rally in the metals sector, with a focus on opportunities in non-ferrous metals as indicated by Guotai Junan [1] - Other sectors such as semiconductors, wind power, heavy machinery, gambling, coal, dining, and domestic real estate stocks also saw gains [1] Group 3: Underperforming Stocks - The three major telecom operators faced pressure, with China Telecom declining nearly 3% [1] - Several beverage stocks that had risen previously experienced declines, and the oil prices showed volatility amid renewed US-Iran negotiations, affecting the three major oil companies [1] - Lanke Technology saw a significant increase of nearly 64% on its first trading day [1]

Group 1 - The Hong Kong stock market closed with the Hang Seng Index rising by 1.76% and the Hang Seng Tech Index increasing by 1.34% [1] - The optical communication sector led the gains, with 澜起科技 (Lanke Technology) surging by 63%, 长飞光纤光缆 (Changfei Optical Fiber) up by 15.3%, 东方电气 (Dongfang Electric) rising by 14.3%, and 兆易创新 (GigaDevice) increasing by over 11% [1] - Consumer stocks showed continued recovery, with 中国中免 (China Duty Free) rising by 8.3% and 泡泡玛特 (Pop Mart) increasing by 5.7% [1] Group 2 - Major tech companies also saw gains, with 阿里巴巴 (Alibaba) up by 1.87%, 腾讯 (Tencent) rising by over 2%, and 中芯国际 (SMIC) increasing by over 4% [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The CXL protocol ecosystem is continuously improving, with major CPU manufacturers like Intel and AMD releasing CPUs that support CXL 2.0, enhancing compatibility and performance [5][11] - The demand for memory bandwidth and capacity is increasing in the AI era, leading to a need for solutions that address the "compute-storage imbalance" [12][13] - CXL technology allows for the construction of memory pools, enabling the decoupling of storage and compute resources, which is essential for optimizing resource utilization across devices [14][15] Summary by Sections CXL Protocol Ecosystem - The CXL protocol is being adopted by leading CPU manufacturers, with Intel and AMD launching compatible CPUs, and companies like SK Hynix and Samsung developing CXL-compatible memory modules [11][8] - The introduction of CXL Switch technology by Alibaba Cloud marks a significant advancement in server architecture, allowing for efficient memory resource sharing [20][10] Memory Pool Construction - CXL can create memory pools that address the challenges of memory islands and data overflow in data centers, enhancing memory utilization and performance [14][12] - The CXL protocol includes three core sub-protocols that facilitate memory pooling and management, allowing for dynamic memory allocation across multiple servers [15][16] Future Demand Projections - By 2030, the demand for CXL Switch and CXL MXC chips is projected to reach 7.06 million and 64.52 million units, respectively, under optimistic scenarios [27][28] - The report suggests that as the CXL ecosystem matures, the shipment volumes of CPUs and servers compatible with CXL protocols will gradually increase [29] Investment Recommendations - The report recommends focusing on companies such as 澜起科技 (CXL MXC chip supplier), 江波龙 (CXL AIC expansion card supplier), 佰维存储 (CXL 2.0 DRAM memory expansion module supplier), and 聚辰股份 (VPD chip supplier for CXL modules) as potential investment opportunities [29][5]