Group 1 - The semiconductor and chip sector experienced a significant rally, with the STAR Market chip index rising by 3.92% as of 10:14 AM on January 21, 2026, driven by strong performances from companies like Loongson Technology (up 20.00%) and Haiguang Information (up 12.46%) [1] - CITIC Securities believes that the storage chip market is currently in a price uptrend due to the explosive demand from AI and supply-side contractions, leading to a performance surge for global storage industry enterprises [1] - The construction of storage production lines and the increase in domestic production rates are expected to accelerate, creating investment opportunities in domestic semiconductor equipment and packaging/testing sectors [1] Group 2 - TSMC is projected to achieve record-high revenue in Q4 2025, with advanced process technology (7nm and below) accounting for 77% of its revenue, and 3nm process shipments reaching 28% [1] - The company anticipates a significant increase in capital expenditure for 2026, estimated between $52 billion and $56 billion, aimed at enhancing its technological advantages and capacity expansion in the high-end wafer foundry sector [1] - The ongoing demand for AI computing power is expected to strongly drive the semiconductor manufacturing sector [1] Group 3 - As of December 31, 2025, the top ten weighted stocks in the STAR Market chip index accounted for 57.76% of the index, including companies like SMIC, Haiguang Information, and Cambrian [2] - The STAR Chip ETF (588200) serves as a convenient tool for investors looking to gain exposure to the STAR Market chip sector [2] Group 4 - Investors without stock accounts can explore investment opportunities in domestic chips through the STAR Chip ETF linked fund (017470) [3]

Group 1 - The core viewpoint of the news is that Jiewate Microelectronics Co., Ltd. has shown fluctuations in its stock price and significant changes in its shareholder structure, reflecting both market activity and company performance [1][2][3]. Group 2 - As of January 20, Jiewate's stock price decreased by 2.04% to 45.23 CNY per share, with a total market capitalization of 20.368 billion CNY [1]. - The company has experienced a year-to-date stock price increase of 4.14%, but a decline of 1.84% over the last five trading days and an 18.84% decrease over the last 60 days [1]. - Jiewate's main business involves the research and sales of analog integrated circuits, with a revenue composition heavily weighted towards power management chips, accounting for 93.09% of total revenue [2]. - For the period from January to September 2025, Jiewate achieved a revenue of 1.942 billion CNY, representing a year-on-year growth of 63.01%, while the net profit attributable to shareholders was -460 million CNY, showing a year-on-year increase of 9.29% [2]. - As of September 30, 2025, the number of shareholders increased by 12.90% to 12,400, while the average circulating shares per person decreased by 11.43% to 21,255 shares [2]. - The top ten circulating shareholders include notable funds such as the Harvest Shanghai Stock Exchange Sci-Tech Innovation Board Chip ETF and new entrants like the Nuoan Pioneer Mixed A fund [3].

Group 1: Shanghai Pudong Development Bank - The bank reported a net profit of 50.017 billion yuan for 2025, an increase of 10.52% year-on-year [1][2] - Total operating income reached 173.964 billion yuan, reflecting a growth of 1.88% compared to the previous year [2] - The bank's total assets exceeded 1 trillion yuan, reaching 1,008.1746 billion yuan, a 6.55% increase from the previous year [3] Group 2: Dongpeng Beverage - Dongpeng Beverage expects a net profit between 4.34 billion and 4.59 billion yuan for 2025, representing a year-on-year growth of 30.46% to 37.97% [4] - The anticipated operating income is projected to be between 20.76 billion and 21.12 billion yuan, indicating a growth of 31.07% to 33.34% [4] Group 3: TCL Technology - TCL Technology forecasts a net profit of 4.21 billion to 4.55 billion yuan for 2025, marking a significant increase of 169% to 191% year-on-year [5][6] - The company expects to surpass 100 billion yuan in operating revenue, with net profit exceeding 8 billion yuan [5] Group 4: Changjiang Electric Power - Changjiang Electric Power reported a net profit of 34.167 billion yuan for 2025, a 5.14% increase year-on-year [8] - The total operating revenue for the year is expected to be 85.882 billion yuan, reflecting a growth of 1.65% [8] Group 5: China Gold - China Gold anticipates a net profit of 286 million to 368 million yuan for 2025, a decrease of 55% to 65% year-on-year [21] - The decline is attributed to market fluctuations and reduced consumer traffic [21] Group 6: LaKala - LaKala expects a net profit between 1.06 billion and 1.2 billion yuan for 2025, representing a growth of 202% to 242% year-on-year [22] - The increase is primarily due to significant investment income from stock holdings [22] Group 7: Baiwei Storage - Baiwei Storage projects a net profit of 850 million to 1 billion yuan for 2025, indicating a year-on-year increase of 427% to 520% [23] - The growth is driven by improved sales and gross margins in the AI sector [23] Group 8: Shengxin Lithium Energy - Shengxin Lithium Energy forecasts a net loss of 600 million to 850 million yuan for 2025, similar to the previous year's loss [24] - The company attributes the loss to industry supply-demand dynamics and increased exchange losses [24] Group 9: Zhongguancun Online - Zhongguancun Online expects a net loss of 580 million to 700 million yuan for 2025, a significant increase from the previous year's loss of 243 million yuan [25] - The losses are linked to increased promotional investments in overseas markets [25] Group 10: Huaxia Happiness - Huaxia Happiness anticipates a net loss of 16 billion to 24 billion yuan for 2025, a substantial increase from the previous year's loss of 4.817 billion yuan [26] - The decline is due to reduced project turnover and high financial costs [26]

智通财经APP讯，杰华特(688141.SH)发布公告，公司正在进行申请境外发行股份(H股)并在香港联交所 主板上市的相关工作。公司已于2025年5月30日向香港联交所递交了本次发行的申请，并在香港联交所 网站刊登了本次发行的申请资料。根据公司本次发行的时间安排及香港联交所的相关规定，公司已于 2026年1月13日向香港联交所重新递交了本次发行的申请，并于同日在香港联交所网站刊登了相关更新 文件。 ...

Company Overview - Jiewa Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [2] - The company previously submitted a listing application on May 30, 2025 [2] - Jiewa is ranked 13th globally in the analog integrated circuit market by revenue, with a market share of 0.9% in 2024 [6] Business Model - Jiewa operates as an Integrated Device Manufacturer (IDM) focusing on the research and development of analog integrated circuits [4] - The company collaborates with foundries for production while developing proprietary process platforms to control key production steps [4] Product Portfolio - The product lineup includes power management integrated circuits and signal chain integrated circuits, with approximately 3,400 models available for sale as of October 31, 2025 [5] - Over 2,100 models are specifically power management integrated circuits [5] Market Position - In the Chinese market, Jiewa ranks 8th globally and 4th among Chinese companies in power management integrated circuits, with a market share of 1.3% [6] - The company ranks 6th globally and 2nd among Chinese companies in DC-DC integrated circuits, holding a market share of 1.9% [6] - In the communications market, Jiewa ranks 5th globally and 2nd in China for power management integrated circuits, with a market share of 3.0% [6] Financial Performance - Revenue for the year ending December 31, 2022, was approximately RMB 1.45 billion, with a gross profit margin of 38.5% [8][11] - The company reported a loss of RMB 533 million for the year ending December 31, 2023, with a gross profit margin of 11.8% [9][11] - Projected revenue for 2024 is RMB 1.68 billion, with a gross profit margin expected to improve to 15.1% [8][11] Industry Overview - The global integrated circuit market is projected to grow from RMB 2.49 trillion in 2020 to RMB 3.61 trillion by 2024, with a compound annual growth rate (CAGR) of 9.7% [12] - The Chinese integrated circuit market is expected to expand from RMB 0.88 trillion in 2020 to RMB 1.45 trillion by 2024, with a CAGR of 13.3% [12] - Key drivers for growth include advancements in artificial intelligence, automotive electronics, and communication technologies [12]

智通财经APP讯，杰华特(688141.SH)发布公告，公司正在进行申请境外发行股份(H股)并在香港联交所 主板上市的相关工作。公司已于2025年5月30日向香港联交所递交了本次发行的申请，并在香港联交所 网站刊登了本次发行的申请资料。根据公司本次发行的时间安排及香港联交所的相关规定，公司已于 2026年1月13日向香港联交所重新递交了本次发行的申请，并于同日在香港联交所网站刊登了相关更新 文件。 ...

Company Overview - Jiewa Technology Co., Ltd. operates as a design enterprise for analog integrated circuits, focusing on research and development of these circuits [3] - The company employs a virtual IDM model, collaborating with foundries for production while developing proprietary process platforms for integrated circuit manufacturing [3] Product Portfolio - Jiewa's product offerings include approximately 3,400 integrated circuit models, with over 2,100 being power management integrated circuits [4] - The company specializes in power management integrated circuits and signal chain integrated circuits, providing a diverse range of products for various applications [4] Market Position - In the Chinese analog integrated circuit market, Jiewa is ranked 13th globally with a market share of 0.9% as of 2024 [5] - The company ranks 8th globally and 4th among Chinese companies in the power management integrated circuit segment, holding a market share of 1.3% [5] - Jiewa ranks 6th globally and 2nd among Chinese companies in the DC-DC integrated circuit segment, with a market share of 1.9% [5] - In the communications market, Jiewa ranks 5th globally and 2nd in China for power management integrated circuits, with a market share of 3.0% [5] Financial Performance - Revenue for Jiewa in 2022, 2023, 2024, and the ten months ending October 31, 2025, was approximately RMB 1.447 billion, RMB 1.297 billion, RMB 1.679 billion, and RMB 2.113 billion respectively [8] - The company reported a profit of RMB 136 million in 2022, followed by losses of RMB 533 million in 2023, RMB 611 million in 2024, and RMB 496 million in 2025 [9] - Gross profit margins for the same periods were 38.5%, 11.8%, 15.1%, and 22.6% respectively [11] Industry Overview - The global integrated circuit market is projected to grow from RMB 2.49 trillion in 2020 to RMB 3.61 trillion by 2024, with a compound annual growth rate (CAGR) of 9.7% [12] - In China, the integrated circuit market is expected to expand from RMB 0.88 trillion in 2020 to RMB 1.45 trillion by 2024, with a CAGR of 13.3% [12] - The growth is driven by advancements in artificial intelligence, automotive electronics, and communication technologies [12]

Company Overview - Jiewa Technology Co., Ltd. operates as an integrated circuit design company focusing on analog integrated circuits, utilizing a virtual IDM model for research and development [3][4] - The company offers a comprehensive range of analog integrated circuit products, including power management and signal chain integrated circuits, with approximately 3,400 models available for sale as of October 31, 2025 [4] Market Position - In the Chinese analog integrated circuit market, Jiewa is ranked 13th globally with a market share of 0.9% as of 2024 [5] - The company ranks 8th globally and 4th among Chinese companies in the power management integrated circuit segment, holding a market share of 1.3% [5] - Jiewa ranks 6th globally and 2nd among Chinese companies in the DC-DC integrated circuit segment, with a market share of 1.9% [5] - In the communications market, Jiewa ranks 5th globally and 2nd in China for power management integrated circuits, with a market share of 3.0% [5] Financial Performance - Revenue for Jiewa was approximately RMB 1.447 billion in 2022, RMB 1.297 billion in 2023, RMB 1.679 billion in 2024, and is projected to reach RMB 2.113 billion in 2025 [8] - The company reported a profit of RMB 136 million in 2022, but incurred losses of RMB 533 million in 2023, RMB 611 million in 2024, and RMB 496 million in 2025 [9] - Gross profit margins were 38.5% in 2022, dropping to 11.8% in 2023, and recovering to 22.6% in 2025 [11] Industry Overview - The global integrated circuit market is projected to grow from RMB 2.49 trillion in 2020 to RMB 3.61 trillion by 2024, with a compound annual growth rate (CAGR) of 9.7% [12] - The Chinese integrated circuit market is expected to expand from RMB 0.88 trillion in 2020 to RMB 1.45 trillion by 2024, with a CAGR of 13.3% [12] - Key drivers of growth include advancements in artificial intelligence, automotive electronics, and communication technologies [12]

证券代码：688141 证券简称：杰华特 公告编号：2026-001 杰华特微电子股份有限公司 关于重新向香港联合交易所有限公司递交H股发行及 上市的申请并刊发申请资料的公告 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。 杰华特微电子股份有限公司（以下简称"公司"）正在进行申请境外发行 股份（H股）并在香港联合交易所有限公司（以下简称"香港联交所"）主板 上市（以下简称"本次发行"）的相关工作。公司已于2025年5月30日向香港 联交所递交了本次发行的申请，并在香港联交所网站刊登了本次发行的申请资 料。 根据公司本次发行的时间安排及香港联交所的相关规定，公司已于2026 年1月13日向香港联交所重新递交了本次发行的申请，并于同日在香港联交所 网站刊登了相关更新文件。该申请材料为公司按照香港联交所及香港证券及期 货事务监察委员会的要求编制和刊发，为草拟版本，其所载资料可能会适时作 出更新及修订，投资者不应根据其中的资料作出任何投资决定。 鉴于本次发行的认购对象仅限于符合相关条件的境外投资者及依据中国 相关法律法规有权进行境 ...

Group 1 - The core point of the article is that Jiewa Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor [1] - Jiewa is a manufacturer operating under a virtual integrated device model, focusing on the research and development of analog integrated circuits [1] - The company previously submitted a listing application to the Hong Kong Stock Exchange on May 30, 2025 [1]