Core Viewpoint - Company plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance international strategy and financing capabilities [1][2] Group 1: Company Actions - Company held board meetings on June 20, 2025, to approve the issuance of H-shares and related proposals [1] - Company has appointed Ernst & Young as the auditing firm for the H-share issuance [1] - Company is in discussions with intermediaries regarding the issuance, with specific details yet to be finalized [1] Group 2: Regulatory Requirements - The issuance requires approval from the shareholders' meeting and regulatory bodies including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [2] - There is significant uncertainty regarding the approval and implementation of the issuance [2] Group 3: Previous Listing Information - Company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2019, with 112.98 million shares issued at a price of 24.80 yuan per share [2] - The total funds raised from the previous listing amounted to 280.19 million yuan, with a net amount of 274.66 million yuan after expenses [3] - The funds were intended for projects including next-generation memory interface chip development and AI chip research [3]

澜起科技据悉聘请银行安排香港上市，料筹资10亿美元。（彭博） ...

Group 1: AI Industry Insights - The China Securities Artificial Intelligence Theme Index (930713) decreased by 0.19% as of June 23, 2025, with component stocks showing mixed performance, led by Guangdian Yuntong (002152) up 3.88% and Kewo Si (603486) down [1] - The AI Artificial Intelligence ETF (512930) has a latest price of 1.3 yuan and a total scale of 1.986 billion yuan, with a net inflow of 10.4455 million yuan recently [1] - Beijing has issued a document promoting the integration of AI and AIGC technologies with the gaming and e-sports industry, aiming to accelerate innovation in game development and operations [1] - Zhongyuan Securities forecasts that AI computing demand will remain strong in the second half of 2025, with rapid growth in cloud-side AI hardware infrastructure and innovations in AI applications such as smart glasses and intelligent driving [1] Group 2: Consumer Electronics Sector - The China Securities Consumer Electronics Theme Index (931494) increased by 0.89% as of June 23, 2025, with notable gains from SMIC (688981) up 4.00% and Jiangbolong (301308) up 3.38% [4] - The Consumer Electronics ETF (561600) rose by 0.90%, with a one-year net value increase of 14.55% as of June 20 [4] - The Consumer Electronics ETF has seen a significant increase of 6 million shares in the last three months [4] Group 3: Online Consumption Market - The China Securities Hong Kong-Shenzhen Online Consumption Theme Index (931481) showed mixed results among component stocks, with Huace Film & TV (300133) leading at 1.86% [7] - The Online Consumption ETF Fund (159793) increased by 0.11%, with a one-year net value growth of 35.19% as of June 20 [7] Group 4: Index Composition - The China Securities Artificial Intelligence Theme Index includes 50 listed companies involved in providing resources, technology, and applications for AI, with the top ten stocks accounting for 51.56% of the index [10] - The top ten stocks in the China Securities Consumer Electronics Theme Index represent 53.04% of the index, including SMIC (688981) and Luxshare Precision (002475) [13] - The China Securities Hong Kong-Shenzhen Online Consumption Theme Index's top ten stocks account for 56.98%, featuring major players like Alibaba-W (09988) and Tencent Holdings (00700) [16]

Core Viewpoint - Company plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance international strategy and attract talent [3][8] Financial Performance - In 2024, the company achieved a net profit of 1.412 billion yuan, a year-on-year increase of 213.1%, marking the highest level since its listing [1][8] - The company's revenue for 2024 was 3.639 billion yuan, up 59.2% year-on-year, with overseas revenue contributing 2.577 billion yuan, accounting for 70.8% of total revenue [1][10] - The gross profit margin for overseas sales was 62.82%, an increase of 0.77 percentage points year-on-year [1][10] Shareholder Returns - The company has announced a share repurchase plan of 200 million to 400 million yuan, which will bring total cash dividends and share repurchases to 3.349 billion yuan since its listing [2][7] - The company has consistently implemented dividends over the past six years, totaling approximately 2.14 billion yuan [4][5] R&D and Innovation - Approximately 75% of the company's employees are engaged in research and development, with R&D expenses in 2024 amounting to 763 million yuan, representing 20.98% of total revenue [8][10] - The company holds 187 authorized invention patents and has maintained a high R&D expense ratio exceeding 15% for three consecutive years [10] Market Position and Growth - The company is a leading player in the memory interface chip market, benefiting from the growing demand for DDR5 memory interface chips and high-performance computing chips driven by the AI industry [9][10] - As of April 22, 2025, the company expects to deliver interconnect chips with a total order value exceeding 1.29 billion yuan [9]

Market Performance - The market experienced a slight adjustment last week, with the Shanghai Composite Index down by 0.51%, the Shenzhen Component Index down by 1.16%, and the ChiNext Index down by 1.66% [2] - The China Securities Index reported a decline of 1.11%, closing at 1592.73 points [2] Strong Performers - Several component stocks of the brand index rose against the market trend, with Zhongji Xuchuang increasing by 11.46%, Shanxi Fenjiu by 7.21%, and Luzhou Laojiao by 4.60% [2] - Since the beginning of 2025, Xintai has surged by 53.67%, followed by Anji Technology at 29.34% and Marumi Bio at 26.84% [2] Index Adjustments - The brand index underwent quarterly adjustments, with Songcheng Performing Arts and Guangyuyuan being added, while China Software and Bear Electric were removed from the index [3] Market Outlook - Short-term market fluctuations are expected due to overseas risk preferences, with a likelihood of continued structural rotation [4] - Mid-term perspectives suggest that as domestic policies improve and the economy recovers, the overall upward trend of the A-share market is likely to increase [4] - The current equity risk premium (ERP) is at a historically high level, and the dividend yield of the CSI 300 Index is above 3%, indicating strong long-term investment potential in equity assets [4]

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry [5] Core Insights - The storage demand is recovering, driven by AI servers and domestic substitution opportunities, suggesting a focus on the storage industry chain [3] - The global AI-driven storage market is expected to grow significantly, from $28.7 billion in 2024 to $255.2 billion in 2034, with a compound annual growth rate (CAGR) of 24.4% [28] - The domestic storage industry is poised for growth due to advancements in technology and increasing local production capabilities [30] Summary by Sections 1. AI Wave Driving Industry Growth and Domestic Substitution Prospects - Storage demand is recovering, with average prices for DRAM and NAND flash increasing for two consecutive months [11] - AI has become a key driver for storage demand growth, with significant increases in enterprise SSD market demand [8][19] - The domestic storage industry is expected to benefit from policies promoting self-sufficiency, with low current domestic market shares for DRAM and NAND flash [30] 2. DRAM: Niche Market Restructuring and 3D DRAM Industrialization - The global DRAM market is projected to grow, with a CAGR of 5.1% from 2024 to 2029 [37] - Major manufacturers are gradually phasing out DDR4 production, leading to supply constraints and opportunities for niche DRAM markets [43] - The demand for DDR4 remains strong in various sectors, including consumer electronics and industrial applications [44] 3. Flash: AI Driving Capacity and Total Demand Increase - The enterprise market for NAND flash is experiencing rapid growth due to increased demand from data centers and servers [8] - The NOR flash market is also expected to grow, driven by emerging fields such as IoT and automotive electronics [8] - Domestic companies are enhancing their competitive advantages by providing cost-effective products and upgrading their technology [8][30] 4. Investment Recommendations - Focus on the storage industry chain, including companies involved in storage IC design, storage modules, and system-level solutions [3][31] - Key companies to watch include Zhaoyi Innovation, Unisoc, and others in the storage IC design sector [3][31]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 澜起科技，成立于2004年，是国际领先的数据处理及互连芯片设计公司，致力于为云计算和人工智能领域提供高性能、低功耗的芯片解决方案，作为内存接口芯片行业的领跑者和DDR5 RCD芯片 澜起科技财务报告显示，公司2024年营业收入达36.39亿元(人民币,下同)，同比增长59.20%，归母净利润14.12亿元，同比增长213.10%。2025年第一季度营业收入达12.22亿元，同比增 澜起科技(688008.SH)，于2019年7月22日在科创板上市，截至2025年6月20日收市，其每股收报人民币81.57元，总市值约人民币933.80亿元。 | 最高:82.68 | 今开:81.21 | 涨停: 97.56 | 成交量:1498.74万 | | --- | --- | --- | --- | | 曼低: 81.12 | 昨:81.30 | 跌停: 65.04 | 成交额:12.26亿 | | 换手:1.31% | 盘后量:688 | 量比: 0.72 | 总市值:933.80亿 | | 振幅: 1.92% | 盘后额:5.61万 | 委比 ...

·为加快推动制造业数字化转型智能化升级，打造智能制造"升级版"，工业和信息化部、国家发展改革 委、财政部、国务院国资委、市场监管总局、国家数据局联合开展2025年度智能工厂梯度培育行动。按 照《智能工厂梯度培育要素条件（2025年版）》，分基础级、先进级、卓越级和领航级智能工厂四个层 级进行培育。（新华财经） ·国家金融监督管理总局修订发布《货币经纪公司管理办法》。其中提到，适度延展经营业务范围。允 许货币经纪公司为金融机构之间货币、债券、外汇、黄金、衍生品等市场交易提供撮合服务。明确货币 经纪公司可以依法合规利用经纪业务过程中汇集的市场行情数据，向客户提供数据信息服务。（新华财 经） ·国家金融监督管理总局根据国际保险监督官协会发布的《国际保险集团监管共同框架》，开展了我国 国际保险活跃集团的评估认定工作。经评估，认定中国再保险（集团）股份有限公司为国际活跃保险集 团。（新华财经） ·跨境支付通即将上线便利内地和香港居民实时转账首批参与机构包括工商银行、中银香港等 ·证监会拟进一步优化证券公司分类评价制度：突出"打大打恶"导向适当调整扣分分值设置 ·普京回答新华社社长傅华提问：俄罗斯与中国合作内涵丰富愿与中 ...

证券代码：688008 证券简称：澜起科技 公告编号：2025-028 澜起科技股份有限公司 关于 2025 年第二次以集中竞价交易方式 回购 A 股股份的预案 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、准确性和完整性依法承担法律责任。 重要内容提示： ●回购股份期限：自公司股东大会审议通过本次回购方案之日起 12 个月内。 本次回购方案不影响 2025 年第一次回购方案的独立实施，本次回购方案将于股东 大会审议通过后且公司 2025 年第一次回购方案实施完毕之后开始实施。 ●相关股东是否存在减持计划： 1．截至本公告披露日，公司董事、监事、高级管理人员未来 3 个月、6 个月 没有减持计划。 1．本次回购股份方案尚需提交股东大会审议通过，如果股东大会未能审议通 1 ●回购股份金额：不低于人民币 2 亿元（含），不超过人民币 4 亿元（含） ●回购股份资金来源：公司自有资金 ●回购股份用途：本次回购股份将用于减少公司注册资本 ●回购股份价格：不超过人民币 118 元/股（含） ●回购股份方式：通过上海证券交易所系统以集中竞价交易方式回购 过，将导致本 ...

公司根据经营和发展的需要，依照法律、法 公司根据经营和发展的需要，依照法律、法 规的规定，经股东会作出决议，可以采用下 规及公司股票上市地监管规则的规定，经股 列方式增加资本： 东会作出决议，可以采用下列方式增加资本： ...... ...... （五）法律、行政法规及中国证监会规定的 （五）法律、行政法规及公司股票上市地监 其他方式。 管规则规定的其他方式。 第二十九条 第二十九条 修订前内容 修订后内容 公司公开发行股份前已发行的股份，自公司 公司公开发行 A 股股份前已发行的股份，自 股票在证券交易所上市交易之日起 1 年内不 公司 A 股股票在证券交易所上市交易之日起 得转让。 1 年内不得转让。 第三十一条 公司依据证券登记结算机构提供的凭证建立 第三十一条 股东名册，股东名册是证明股东持有公司股 公司依据证券登记结算机构提供的凭证建立 份的充分证据。股东按其所持有股份的类别 股东名册，股东名册是证明股东持有公司股 享有权利，承担义务；持有同一类别股份的 份的充分证据。股东按其所持有股份的类别 股东，享有同等权利，承担同种义务。备置 享有权利，承担义务；持有同一类别股份的 于香港的 H 股股东名册须 ...