财华社讯 11月28日，纳芯微（02676.HK）正式启动香港全球招股。公司计划全球发售1906.84万股股 份，其中国际发售1716.15万股，香港公开发售190.69万股。 此次发售价最高为每股116港元。若以116港元价格定价，并扣除相关开支且超额配股权未获行使，公司 预计募集资金净额约为20.96亿港元。资金用途方面，约18%将用于提升公司的底层技术能力及工艺平 台，约22%用于进一步丰富产品组合，约25%用于扩展海外销售网络及产品推广，另有约25%将用于战 略投资或收购。 香港公开发售时间为11月28日至12月3日，最终发售价及股份分配结果预计于12月5日公布。公司股份计 划于12月8日在香港联交所主板开始买卖，股份代号为2676，每手100股，入场费约11,716.99港元。 作者：遥远 纳芯微本次发行共引入7家基石投资者，包括元禾纳芯、比亚迪(01211.HK)旗下Golden Link、三花智控 （02050.HK）旗下好易得国际、Perseverance Asset Management、3W Fund、小米集团(01810.HK)旗下 Green Better，以及Dream'ee HK ...

Group 1 - The company, Naxin Microelectronics (02676.HK), plans to globally offer 19.0684 million shares, with 1.9069 million shares available in Hong Kong and 17.1615 million shares for international sale, along with an over-allotment option of 2.8602 million shares [1] - The subscription period for the offering is from November 28 to December 3, with a maximum offer price of HKD 116.00 per share, and an entry fee of approximately HKD 11,716.99 for a board lot of 100 shares [1] - The total expected fundraising amount is HKD 2.212 billion, with a net amount of HKD 2.096 billion, intended for strategic investments and/or acquisitions, expanding overseas sales networks, enhancing product offerings in automotive electronics, improving technical capabilities, and general corporate purposes [1] Group 2 - The company has introduced cornerstone investors including Hong Kong Good Easy International Limited and others, who will subscribe to approximately 9.3882 million shares at the offer price [2] - Naxin Microelectronics is expected to be listed on the main board on December 8, 2025, with China International Capital Corporation Hong Kong Securities Limited, CITIC Securities (Hong Kong) Limited, and Jianyin International Financial Limited acting as joint sponsors [2] - The company's main business includes the sale of semiconductor components, integrated circuits, sensors, and the development and consulting of related technologies and software [2] Group 3 - The company's net profits for the fiscal years 2023, 2024, and the first three quarters of 2025 (ending September 30) are projected to be -CNY 305 million, -CNY 403 million, and -CNY 140 million, reflecting year-on-year changes of -221.85%, -31.95%, and 65.54% respectively [3]

Group 1 - The company plans to globally offer 19.0684 million shares, with 1.9069 million shares available in Hong Kong and 17.1615 million shares for international sale, along with an over-allotment option of 2.8602 million shares [1] - The subscription period for the shares is from November 28 to December 3, with a maximum offer price of HKD 116.00 per share and an entry fee of approximately HKD 11,716.99 [1] - The total expected fundraising amount is HKD 2.212 billion, with a net amount of HKD 2.096 billion, which will be used for strategic investments, expanding overseas sales networks, enhancing product offerings, improving technical capabilities, and general corporate purposes [1] Group 2 - The company has introduced cornerstone investors including Hong Kong Good Easy International Limited and others, who will subscribe to approximately 9.3882 million shares at the offer price [2] - The company is expected to be listed on the main board on December 8, 2025, with China International Capital Corporation Hong Kong Securities Limited, CITIC Securities (Hong Kong) Limited, and Jianyin International Financial Limited as joint sponsors [2] - The company's main business includes the sale of semiconductor components, integrated circuits, sensors, and the development and consulting of related technologies [2] Group 3 - The company's net profits for the fiscal years 2023, 2024, and the first three quarters of 2025 (ending September 30) are projected to be -CNY 305 million, -CNY 403 million, and -CNY 140 million, reflecting year-on-year changes of -221.85%, -31.95%, and 65.54% respectively [3]

Group 1 - The core point of the article is that Naxin Micro plans to issue 19.06 million H-shares on the Hong Kong Stock Exchange, with a maximum price of HKD 116 per share, marking a significant step in its "A+H" listing process [1][2] - The pricing date is expected to be December 4, and trading is anticipated to begin on December 8 [1] - Naxin Micro has successfully passed the listing hearing on November 18, with CICC, CITIC Securities, and Jianyin International acting as joint sponsors for the issuance [1] Group 2 - Naxin Micro, established in 2013, operates as a fabless provider of analog chips, focusing on the design, development, and sales of high-performance integrated circuit chips [1] - The company's core products include sensor products, signal chain chips, and power management chips, primarily serving the automotive electronics, energy, and consumer electronics sectors [1] - According to Frost & Sullivan, Naxin Micro ranks fifth among Chinese manufacturers in the analog chip market based on revenue projections for 2024 [1] Group 3 - Financial data shows that Naxin Micro's revenues for 2022 to 2025 (first half) are projected to be CNY 1.67 billion, CNY 1.311 billion, CNY 1.96 billion, and CNY 1.524 billion, respectively [2] - The gross margins during the same period are expected to be 48.5%, 33.9%, 28%, and 32.9% [2] - The company reported a net profit of CNY 250 million in 2022, but losses of CNY 305 million, CNY 403 million, and CNY 78.01 million are expected in 2023, 2024, and the first half of 2025, respectively [2] Group 4 - Naxin Micro announced a share buyback plan on November 24, intending to repurchase shares with a total fund of no less than CNY 200 million and no more than CNY 400 million, with a maximum buyback price of CNY 200 per share [2] - The funds raised from the Hong Kong IPO will primarily be used to enhance the company's underlying technology capabilities, expand product offerings, and develop overseas sales networks, as well as for strategic investments or acquisitions [2]

Group 1 - The company plans to conduct an IPO from November 28 to December 3, aiming to globally issue 19.0684 million H-shares, with 10% allocated for public offering in Hong Kong and 90% for international offering, including a 15% over-allotment option [1] - The maximum offer price is set at HKD 116.00 per share, with expected trading on the Hong Kong Stock Exchange starting December 8, 2025 [1] - The company has secured cornerstone investors, committing approximately HKD 1.0891 billion for the shares [1] Group 2 - Assuming the offer price of HKD 116.00 per share and no exercise of the over-allotment option, the net proceeds from the global offering are estimated to be around HKD 2.0964 billion [1] - The allocation of the proceeds includes approximately 18% for enhancing underlying technology capabilities and process platforms, 22% for expanding the product portfolio with a focus on automotive electronics, 25% for expanding the overseas sales network and promotion, 25% for strategic investments and/or acquisitions, and 10% for working capital and general corporate purposes [1] Group 3 - The company operates on a fabless model, focusing on chip research and design while outsourcing wafer manufacturing and most packaging testing [2] - According to Frost & Sullivan, the company ranks 14th in the Chinese analog chip market with a market share of 0.9% based on projected 2024 analog chip revenue, and it ranks 5th among Chinese analog chip companies [2]

纳芯微在港交所公告，公司拟全球发售1906.84万股H股，其中香港发售股份190.69万股，国际发售股份 1716.15万股，最高定价116港元/股。预期定价日为12月4日，预期H股将在12月8日开始交易。 ...

Core Viewpoint - 纳芯微 plans to globally offer 19.0684 million H-shares, with a maximum price of HKD 116.00 per share, aiming to raise approximately HKD 2.0964 billion in net proceeds from the offering [1][3] Group 1: Offering Details - The company will offer 1.90684 million H-shares, with 0.19069 million shares available in Hong Kong and 17.1615 million shares for international distribution [1] - The subscription period is set from November 28 to December 3, 2025, with the expected pricing date on December 4, 2025 [1] - The shares are expected to commence trading on the Hong Kong Stock Exchange on December 8, 2025 [1] Group 2: Business Model and Market Position - The company operates on a fabless model, focusing on chip research and design while outsourcing wafer manufacturing and most packaging testing to third-party suppliers [1] - It provides high-performance and reliable products in automotive electronics, energy, and consumer electronics sectors [1] - According to Frost & Sullivan, the company ranks 14th in the Chinese analog chip market with a market share of 0.9%, and 5th among Chinese analog chip companies [1] Group 3: Cornerstone Investment Agreements - The company has established cornerstone investment agreements, with investors agreeing to subscribe for shares totaling approximately HKD 1.0891 billion [2] - Key cornerstone investors include Yuanhe Naxin International, Golden Link Worldwide Limited, and Xiaomi Group's subsidiary [2] Group 4: Use of Proceeds - The estimated net proceeds of approximately HKD 2.0964 billion will be allocated as follows: 18% for enhancing technology capabilities, 22% for expanding the product portfolio in automotive electronics, 25% for expanding overseas sales networks, 25% for strategic investments or acquisitions, and 10% for working capital and general corporate purposes [3]

纳芯微(02676)于2025年11月28日至2025年12月3日招股，公司拟全球发售1906.84万股H股，香港公开发 售占10%，国际发售占90%(可予重新分配)，另有15%超额配股权。发售价不会高于每股发售股份116.00 港元，每手100股，预期H股将于2025年12月8日(星期一)上午九时正开始在联交所买卖。 此外，公司已与元禾纳芯、Golden Link、好易得国际、Perseverance Asset Management、3W Fund、 Green Better及Dream'ee HK Fund订立基石投资协议，据此，基石投资者已同意遵照若干条件，按发售 价认购或促使其指定实体认购可购入的有关数目的发售股份，总金额为约10.891亿港元。Golden Link由 比亚迪（002594）间接全资拥有，好易得国际由三花控股集团有限公司全资拥有，Green Better为小米 集团的全资附属公司。 于202年-2024年，该公司分别实现收入16.7亿元、13.11亿元及19.6亿元，年内溢利分别为约2.5亿 元、-3.05亿元及-4.03亿元;2025年上半年实现收入约15.24亿元，亏损7801 ...

假设发售价为每股股份116.00港元且超额配股权未获行使，全球发售净筹约20.964亿港元，18%预计将 用于提升底层技术能力及工艺平台;约22%预计将用于进一步丰富产品组合，重点扩大汽车电子应用中 的产品;约25%预计将用于扩展海外销售网络及于海外市场推广产品;约25%预计将用于战略投资及╱或 收购，以实现长期增长策略;约10%预计将用于营运资金及一般企业用途。 智通财经APP讯，纳芯微(02676)于2025年11月28日至2025年12月3日招股，公司拟全球发售1906.84万股 H股，香港公开发售占10%，国际发售占90%(可予重新分配)，另有15%超额配股权。发售价不会高于每 股发售股份116.00港元，每手100股，预期H股将于2025年12月8日(星期一)上午九时正开始在联交所买 卖。 据悉，该公司采用fabless模式运营，专注于芯片研发和设计，同时将晶圆制造外包予外部晶圆厂以及大 部分封装测试外包予第三方封装测试服务供应商。根据弗若斯特沙利文的资料，以2024年模拟芯片收入 计，该公司在中国模拟芯片市场的所有模拟芯片公司中位列第14名(占市场份额0.9%)以及在中国模拟芯 片公司中位列第五名 ...

格隆汇11月28日丨纳芯微(02676.HK)发布公告，公司拟全球发售1906.84万股H股，中国香港发售股份 190.69万股，国际发售股份1716.15万股(以上可予重新分配及视乎超额配股权行使与否而定)；2025年11 月28日至12月3日招股，预期定价日为12月4日；发售价不会高于每股发售股份116.00港元，H股的每手 买卖单位将为100股，中金公司、中信证券及建银国际为联席保荐人；预期股份将于2025年12月8日开始 在联交所买卖。 ...