Group 1 - The company, 澜起科技股份有限公司 (Lanqi Technology), submitted its Hong Kong IPO prospectus on July 11, 2025, which will expire on January 12, 2026, with CICC, Morgan Stanley, and UBS as joint sponsors [1] - The company is a global leader in the fabless integrated circuit design sector, focusing on innovative, reliable, and high-performance interconnect solutions for cloud computing and AI infrastructure [2] - It provides interconnect chips, including memory interconnect chips and PCIe/CXL interconnect chips, with applications across a wide range of end-user fields such as data centers, servers, and computers [2] Group 2 - According to Frost & Sullivan, the company is projected to be the largest supplier of memory interconnect chips globally in 2024, with a market share of 36.8% based on revenue [2]

Group 1 - The company, Lattice Semiconductor Corporation, submitted its Hong Kong IPO application on July 11, 2025, which will expire on January 12, 2026, with CICC, Morgan Stanley, and UBS as joint sponsors [1] - The company is a global leader in fabless integrated circuit design, focusing on innovative, reliable, and high-performance interconnect solutions for cloud computing and AI infrastructure [2] - The company provides interconnect chips, including memory interconnect chips and PCIe/CXL interconnect chips, with applications across a wide range of end-user fields, including data centers, servers, and computers [2] - According to Frost & Sullivan, the company is projected to be the largest supplier of memory interconnect chips globally in 2024, with a market share of 36.8% based on revenue [2]

格隆汇1月9日丨澜起科技(688008.SH)公布，截至2026年1月9日，中电投控及其一致行动人通过集中竞 价交易合计减持公司股份1113.51万股，占减持计划公告披露时公司总股本比例为0.97%；珠海融英通过 集中竞价交易合计减持公司股份11,451,451股，占减持计划公告披露时公司总股本比例为1.00%。前述 股东减持时间区间已届满，减持股份数量未达到减持上限，减持计划均实施完毕。 ...

分组1 - China Merchants Bank plans to distribute a cash dividend of approximately 25.548 billion yuan for the first half of 2025, with a per-share dividend of 1.013 yuan (tax included) [1] - Luzhou Laojiao proposes a cash dividend of 13.58 yuan per 10 shares, totaling around 2 billion yuan (tax included) for the mid-2025 profit distribution [3] - Tongfu Microelectronics intends to raise up to 4.4 billion yuan through a private placement to enhance its packaging capacity for storage chips and other emerging applications [2] 分组2 - Xibu Gold announces that its shareholder, Turpan Jinyuan Mining Co., plans to reduce its stake by up to 1% due to funding needs [4] - Jiaoyun Co. is planning a significant asset restructuring by swapping its automotive sales and service assets with the cultural and tourism-related assets of its controlling shareholder [5] - Guo Sheng Technology expects a negative net profit for the fiscal year 2025, leading to a stock resumption after a period of trading suspension [8] 分组3 - North Rare Earth adjusts its first-quarter rare earth concentrate trading price to 26,834 yuan per ton, reflecting a 2.4% increase from the previous quarter [11] - Baotou Steel plans to set the same trading price for rare earth concentrate at 26,834 yuan per ton for the first quarter of 2026, also indicating a 2.4% increase [12] - Wanbangde's subsidiary has been selected for a national major science and technology project for Alzheimer's drug development, which is expected to positively impact its clinical development and long-term business growth [13]

每经AI快讯，澜起科技1月9日晚间发布公告称，公司于2026年1月9日分别收到中电投控及其一致行动 人、珠海融英出具的《关于所持澜起科技股份有限公司股份集中竞价减持股份结果告知函》，截至2026 年1月9日，中电投控及其一致行动人通过集中竞价交易合计减持公司股份约1114万股，占减持计划公告 披露时公司总股本的比例为0.97%；珠海融英通过集中竞价交易合计减持公司股份约1145万股，占减持 计划公告披露时公司总股本比例为1%。前述股东减持时间区间已届满，减持股份数量未达到减持上 限，减持计划均实施完毕。 每经头条（nbdtoutiao）——20余省份机制电价揭晓！上海比山东高84%，浙江比辽宁高31%⋯⋯专家： 企业用电成本仍有下降空间 （记者 曾健辉） ...

证券代码：688008 证券简称：澜起科技 公告编号：2026-004 澜起科技股份有限公司 股东集中竞价减持股份结果公告 中国电子投资控股有限公司、嘉兴芯电投资合伙企业（有限合伙）、上海融 迎企业管理合伙企业（有限合伙）保证向澜起科技股份有限公司（以下简称"澜 起科技"或"公司"）提供的信息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。 本公司董事会及全体董事保证公告内容与上述股东提供的信息一致。 重要内容提示： 股东持有的基本情况 本次集中竞价减持计划实施前，股东中国电子投资控股有限公司（以下简称 "中电投控"）及其一致行动人嘉兴芯电投资合伙企业（有限合伙）（以下简称"嘉 兴芯电"，与中电投控合称"中电投控及其一致行动人"）合计持有公司股份 68,392,597 股，占公司总股本的 5.97%。股份来源为公司首次公开发行股票并上 市前持有的股份。 股东上海融迎企业管理合伙企业（有限合伙）（原名称为"珠海融英投资合 伙企业（有限合伙）"，以下简称"珠海融英"）及其一致行动人 WLT Partners, L.P. （以下简称"WLT"）合计持有公司股份 94 ...

澜起科技公告，截至2026年1月9日，中电投控及其一致行动人通过集中竞价减持1113.51万股，占 0.97%，价格144.5～158.71元/股，成交额16.53亿元；珠海融英及其一致行动人减持1145.15万股，占 1.00%，价格112.79～155.52元/股，成交额14.78亿元。两项减持计划均已实施完毕。 ...

Group 1 - The A-share market experienced a rebound, with the Shanghai Composite Index reaching 4100 points for the first time in 10 years as of January 9 [1] - The AI-focused ETF, Huatai-PB (589560), saw a 2% increase, indicating strong investor interest in AI technology [1][5] - Major stocks in the AI sector, such as Zhongke Xingtou and Chip Origin, reported significant gains, with Zhongke Xingtou rising over 8% [5] Group 2 - UBS Securities noted a growing interest from international investors in Chinese AI technology companies, suggesting the emergence of trillion-dollar companies is only a matter of time [3] - A recent policy document from eight departments outlined goals for AI development, aiming for secure supply of core technologies and maintaining a leading position in the industry by 2027 [3] - The policy emphasizes enhancing AI applications in manufacturing through innovation, capability improvement, and product development [4] Group 3 - The focus of AI policy is shifting from "digital transformation" to "AI+", aiming to leverage advanced technologies for complex decision-making and innovation [4] - The policy framework includes promoting computational power and algorithm supply tailored to industrial scenarios, supporting the development of AI applications across various sectors [4] - The market consensus on AI industry trends is strong, with expectations for continued growth in AI infrastructure and applications leading up to 2026 [6] Group 4 - The investment strategy suggests focusing on domestic computational power and AI applications, particularly in the internet and media sectors, as they present high valuation and growth potential [6][7] - The AI industry is expected to benefit from a combination of policy support, technological advancements, and stable fundamental growth, creating a favorable environment for investment [7]

Core Viewpoint - The trend of A-share companies "going south" to list on H-shares is gaining momentum in early 2026, driven by a combination of policy support, financing needs, and internationalization strategies [1][2][3] Group 1: Companies Going Public - Six A-share companies, including Jucheng Co., Penghui Energy, and Zhengtai Electric, have announced plans for H-share listings from January 1 to January 8, 2026 [1] - Four additional companies, including Jingwang Electronics and Yifang Bio, have submitted prospectuses to the Hong Kong Stock Exchange [1] - The trend is primarily led by technology companies, with a focus on sectors such as semiconductor design, energy storage, and smart mobility [1] Group 2: Market Dynamics - The 2026 "southbound" trend is a continuation of the 2025 A+H listing boom, with a significant increase in active listing applications in Hong Kong [2] - In 2025, 19 A-share companies listed on the Hong Kong market, raising a total of approximately 139.99 billion HKD, nearly half of the total IPO amount for the year [2] - The average time for A+H listings in 2025 was reported to be 4 to 6 months, with the fastest taking only about 3 months [2] Group 3: Strategic Motivations - A-share companies are pursuing H-share listings to raise funds for global expansion and enhance their competitive position in international markets [3][4] - Companies like Jucheng Co. and Penghui Energy emphasize that listing in Hong Kong will help them build a diversified capital operation platform and support overseas business development [3] - The need for substantial foreign currency funding for overseas production and supply chain establishment is a key driver for these companies [4] Group 4: Regulatory Environment - The favorable regulatory environment, including cooperation measures between mainland and Hong Kong regulatory bodies, has made cross-border listings more feasible [4] - The Chinese Securities Regulatory Commission has expressed support for leading mainland companies to list in Hong Kong, facilitating a quicker approval process for qualified firms [4] - The current valuation of Hong Kong stocks is perceived to be lower than that of A-shares, prompting some companies to accept lower valuations to secure international funding and prepare for stricter overseas disclosure standards [4] Group 5: Market Expectations - The IPO market in Hong Kong is expected to perform well in 2026, with projections of over 300 billion HKD in IPO scale and 150 to 200 projects [4] - The growth in the MSCI China Index's earnings is anticipated to reach 14% or higher, driven by sectors such as high-end manufacturing and companies with global expansion capabilities [4]

Group 1 - The semiconductor industry is expected to experience significant growth, with the domestic semiconductor index outperforming the CSI 300 index, showing a cumulative increase of 54.51% as of October 28, 2025, driven by factors such as national subsidies, AI computing demand, and domestic substitution [16][21]. - The AI chip market in China is projected to grow from 142.54 billion yuan in 2024 to 1,336.79 billion yuan by 2029, with a compound annual growth rate (CAGR) of 53.7% from 2025 to 2029, indicating a critical development opportunity for domestic AI chip manufacturers [42][44]. - The global GPU market is expected to grow from $77.39 billion in 2024 to $472.45 billion by 2030, with a CAGR of 35.19%, reflecting strong demand for AI computing [37][40]. Group 2 - The domestic AI chip industry is categorized into three stages: the first stage focuses on the self-sufficiency of computing, storage, and power chips; the second stage emphasizes the self-sufficiency of chip manufacturing processes; and the third stage targets the self-sufficiency of foundational hard technologies such as equipment materials and EDA [5][6]. - The demand for AI computing chips is driven by the rapid growth of generative AI applications, with NVIDIA's data center revenue increasing by 69% year-on-year to $44.1 billion in the first quarter of fiscal 2026, highlighting the accelerating demand for AI computing power [37][44]. - The semiconductor equipment sector is experiencing a significant increase in domestic production capacity, with the domestic semiconductor equipment localization rate expected to rise rapidly, particularly in dry etching and thin film deposition processes [6][15]. Group 3 - The report indicates that the advanced packaging technology, such as CoWoS, is expected to play a crucial role in the evolution of AI computing power, with domestic companies making significant advancements in this area [7][11]. - The semiconductor industry is witnessing a recovery in profitability, with the average gross margin and net profit margin for the semiconductor sector showing improvements in the first half of 2025 [36][34]. - The report highlights the importance of advanced wafer manufacturing as the physical foundation for AI chips, with a long-term demand for advanced foundry services expected to drive growth in this segment [7][11].