Core Viewpoint - The company plans to purchase a property in Shenzhen for research and operational development, with a total price of 709.7 million yuan [1] Group 1: Transaction Details - The property, located in Nanshan District, has a total construction area of 25,204.97 square meters [1] - The expected delivery date for the property is by December 31, 2027 [1] - The funding for this acquisition will come from the company's own funds [1] Group 2: Approval and Transaction Nature - The transaction has been approved by the board of directors [1] - It does not constitute a related party transaction or a major asset restructuring [1] - There is no need for shareholder meeting approval for this transaction [1] Group 3: Uncertainties - The final success of the transaction and the delivery timeline remain uncertain [1]

Core Viewpoint - Fengcai Technology's stock has shown a mixed performance in recent months, with a year-to-date increase of 20.06% but a significant decline of 24.39% over the past 60 days, indicating volatility in its market position [2]. Company Overview - Fengcai Technology (Shenzhen) Co., Ltd. specializes in the research, design, and sales of motor drive control chips, with its main products including microcontroller units (MCUs), application-specific integrated circuits (ASICs), high-voltage integrated circuits (HVICs), metal-oxide-semiconductor field-effect transistors (MOSFETs), and intelligent power modules (IPMs) [3]. - The company operates in various sectors, including smart home appliances, white goods, power tools, sports mobility, industrial applications, and automotive fields, serving both domestic and international markets [3]. - The revenue composition of Fengcai Technology is as follows: MCU 60.82%, ASIC 17.83%, HVIC 11.52%, IPM 9.41%, MOSFET 0.32%, and others 0.10% [3]. Financial Performance - For the period from January to September 2025, Fengcai Technology reported a revenue of 558 million yuan, representing a year-on-year growth of 28.88%, while the net profit attributable to shareholders decreased by 9.01% to 167 million yuan [4]. - Since its A-share listing, the company has distributed a total of 213 million yuan in dividends, with 173 million yuan distributed over the past three years [5]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 26.32% to 6,589, with an average of 0 circulating shares per person [4]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, holding 4.919 million shares, an increase of 1.61 million shares from the previous period [5].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責,對其準確性或完整性亦不發表任何聲明,並明確表示,概不就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Fortior Technology (Shenzhen) Co., Ltd. 峰昭科技(深圳)股份有限公司 (於中華人民共和國註冊成立的股份有限公司) (股份代號:1304) 孫先生於豁免期間必須由馬女士協助;及 (i) (2)豁免嚴格遵守上市規則第3.28條及第8.17條 菇 提 遮 峰 昭 科 技(深圳)股 份有限公 司(「本公 司」)日 期 為 2025年12月2日之公告(Γ該 公告J),内容有關更換聯席公司秘書及授權代表。除另有界定者外,本公告所用 詞彙與該公告所界定者具有相同涵義。 誠如該公告所披露,董事會議決建議委任孫允孜(「孫先生」為聯席公司秘書,惟 須 待 聯 交 所 授 出 豁 免 方 可 作 實 , 並 將 於 授 出 豁 免 當 日 生 效 。 孫 先 生 之 履 歷 詳 情 詳述如下: 孫允孜先生於2025年11月28日加入本集團擔任本公司證券部之秘書。於2025年 4月至20 ...

Core Viewpoint - Fengcai Technology (01304.HK) has seen its stock price drop to a record low of 119.60 HKD, falling below its initial public offering (IPO) price since its listing on July 9, 2025 [1] Group 1: Stock Performance - The stock closed at 121.60 HKD, reflecting a decline of 4.025% [1] - The intraday low of 119.60 HKD marks the lowest price since the company's IPO [1] Group 2: IPO Details - Fengcai Technology issued a total of 18,744,400 shares during its IPO, with 8,149,800 shares allocated for public offering and 10,594,600 shares for international offering [1] - The final IPO price was set at 120.5 HKD, raising a total of 2,258.70 million HKD, with net proceeds amounting to 2,136.32 million HKD after deducting estimated listing expenses of 122.38 million HKD [1] Group 3: Underwriters and Investors - The exclusive sponsor and overall coordinator for the IPO was CICC, with joint global coordinators including Bank of China International and GF Securities (Hong Kong) [1] - Key cornerstone investors included Taikang Life, Baoyin, 3W Fund, Wind Sabre, Huaxia Fund (Hong Kong), Mega Prime, Sanhua International Singapore, Fourier Capital, Torus, and Intac [1]

Group 1 - The Hong Kong stock chip industry chain is experiencing a downturn, with significant declines in stocks such as Hua Hong Semiconductor, InnoCare, and SMIC, indicating a challenging market environment for chip-related companies [1][3] - The first Hong Kong ETF focusing on the chip industry (159131) has seen a drop of 2.88% in its market price, with a trading volume exceeding 420 million yuan, suggesting increased market activity despite the overall decline [1][3] - The ETF is structured with a focus on 70% hardware and 30% software, heavily weighted towards semiconductor and electronic companies, with notable holdings in SMIC and Xiaomi, which may provide targeted exposure to the AI technology sector [3] Group 2 - Tianfeng Securities remains optimistic about the investment opportunities in the computing power industry chain, highlighting the strong demand for AI-related services and products, particularly in overseas markets [2] - The domestic computing power sector is expected to grow, driven by investments from major companies like Alibaba and ByteDance in AI technologies, indicating a positive outlook for the AI industry and its related supply chains [2] - The year 2025 is anticipated to be a pivotal year for AI infrastructure development in China, with ongoing advancements in both Chinese and American AI sectors, suggesting a robust future for AI applications [2]

Our key takeaways from the virtual tour are: 14 December 2025 | 9:55PM HKT Equity Research CHINA HUMANOID ROBOT Takeaways from Dexterous Hand Ecosystem Virtual Tour: Data, lifespan, thermal problems still require time, while cost less of an issue with scale As the humanoid robot industry has made significant strides in dynamic walking and interactive capabilities in 2025, human-level dexterity has been the central challenge. To delve into the various aspects of dexterous hand technology progress, we invited ...

Group 1 - Eight stocks received buy ratings from institutions today, with the highest attention on Beifang Huachuang and Hand Information, each having one buy rating record [1] - Four stocks, including Anjii Food and Anlian Ruishi, received initial buy ratings from institutions today [1] - The average performance of stocks with buy ratings declined by 0.59%, underperforming the Shanghai Composite Index, with notable declines in Wantong Hydraulic, Tiannai Technology, and Anlian Ruishi, which fell by 2.99%, 2.86%, and 2.31% respectively [1] Group 2 - The sectors most favored by institutions include electronics and machinery equipment, each with two stocks listed in the buy rating category, while the computer and food & beverage sectors also attracted attention with two and one stocks respectively [1] - The latest buy ratings include Anjii Food with a target price of 94.05 yuan and a closing price of 79.50 yuan, and Beifang Huachuang with a target price of 458.53 yuan [2] - Other stocks rated include Jizhi Co., Wantong Hydraulic, Tiannai Technology, Fengjian Technology, and Hand Information, with varying target prices and closing prices [2]

Core Viewpoint - Fengcai Technology (Shenzhen) Co., Ltd. plans to increase capital by RMB 20.33 million to its wholly-owned subsidiary Fengcai Technology (Shanghai) Co., Ltd. for the development and industrialization of high-performance drivers and control systems [1][3] Group 1: Fundraising Overview - The company completed its initial public offering (IPO) in 2022, raising a total of RMB 1,893.45 million, with a net amount of RMB 1,728.46 million after deducting issuance costs [2] - The raised funds have been fully received as of April 15, 2022, and are subject to a dedicated storage system with regulatory agreements in place [2] Group 2: Capital Increase Details - The capital increase of RMB 20.33 million will be fully allocated as registered capital for the subsidiary, raising its registered capital from RMB 170 million to RMB 190.33 million [3] - The company will maintain 100% ownership of Fengcai Shanghai post-capital increase, and the subsidiary will account for the project expenditures separately to enhance fund utilization efficiency [3]

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。 证券代码：688279 证券简称：峰岹科技 公告编号：2025-069 峰岹科技（深圳）股份有限公司 关于调整 2024 年限制性股票激励计划授予价格 的公告 峰岹科技（深圳）股份有限公司（简称"公司"）于 2025 年 12 月 2 日召 开了第二届董事会第二十九次会议，审议通过了《关于调整 2024 年限制性股票 激励计划授予价格的议案》，同意根据公司《2024 年限制性股票激励计划（草 案）》（以下简称"《激励计划》"、"本激励计划"）的有关规定，对 2024 年限制性股票激励计划授予（含预留授予）价格进行调整，由 70.00 元/股调整 为 69.22 元/股。现将有关事项说明如下： 一、本激励计划已履行的相关审批程序 （1）2024 年 9 月 21 日，公司董事会薪酬与考核委员会审议通过了《关于 公司＜2024 年限制性股票激励计划（草案）＞及其摘要的议案》《关于公司＜ 2024 年限制性股票激励计划实施考核管理办法＞的议案》《关于公司＜2024 年 限制性股票激 ...

证券代码：688279 证券简称：峰岹科技 公告编号：2025-068 峰岹科技（深圳）股份有限公司 关于作废部分 2024 年限制性股票激励计划已授予 尚未归属的限制性股票的公告 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。 峰岹科技（深圳）股份有限公司（简称"公司"）于 2025 年 12 月 2 日召 开了第二届董事会第二十九次会议，审议通过了《关于作废部分 2024 年限制性 股票激励计划已授予尚未归属的限制性股票的议案》，现将相关事项公告如下： 一、公司股权激励计划已履行的相关审批程序 同日，公司召开第二届监事会第十一次会议，审议通过了《关于公司<2024 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2024 年限制性 股票激励计划实施考核管理办法>的议案》《关于核实公司<2024 年限制性股票 激励计划激励对象名单>的议案》等议案，公司监事会对本激励计划的相关事项 进行核实并出具了相关核查意见。 （3）2024 年 9 月 27 日至 2024 年 10 月 8 日，公司对本激励计划激励对象 名 ...