Group 1 - The core point of the article is that Shanghai Hehui Optoelectronics Co., Ltd. (stock code: 688538.SH) submitted its Hong Kong IPO prospectus on April 23, 2023, which has now expired after six months on October 23, 2023, with China International Capital Corporation serving as the sole sponsor [1] - Hehui Optoelectronics is a leading manufacturer of AMOLED semiconductor display panels globally, focusing on the research and production of panels that provide exceptional color accuracy, superior visual experiences, and low power consumption [2] - According to a report by Frost & Sullivan, Hehui Optoelectronics ranked second in global sales volume of large and medium-sized AMOLED semiconductor display panels from 2022 to 2024, and it is the number one manufacturer in China [2]

Core Points - The company, Shanghai Huhui Optoelectronics Co., Ltd., is in the process of applying for the issuance of overseas listed foreign shares (H shares) and plans to list on the Hong Kong Stock Exchange [1][2] - The company has received a filing notice from the China Securities Regulatory Commission (CSRC) regarding its overseas issuance and listing [1] - The company intends to issue no more than 2,802,501,000 ordinary shares for overseas listing [1] Regulatory Compliance - The company must report any significant events to the CSRC through the filing management information system from the date of the filing notice until the completion of the overseas issuance and listing [2] - Within 15 working days after the completion of the overseas issuance and listing, the company is required to report the issuance and listing situation to the CSRC [2] - The company must comply with relevant laws, regulations, and rules during the overseas issuance and listing process [2] Future Actions - If the company does not complete the overseas issuance and listing within 12 months from the date of the filing notice, it must update its filing materials to continue the process [3] - The filing notice confirms the company's overseas issuance and listing filing information but does not imply any substantive judgment or guarantee regarding the investment value of the company's securities by the CSRC [3] - The company still needs to obtain approvals from the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange, indicating that there are uncertainties regarding this matter [3]

Core Viewpoint - Shanghai Hehui Optoelectronics Co., Ltd. has announced its plan to issue up to 2.802501 billion overseas listed ordinary shares and list on the Hong Kong Stock Exchange, marking the company's formal initiation of international capital operations [2] Company Overview - Hehui Optoelectronics focuses on the research, production, and sales of high-resolution AMOLED semiconductor display panels, which are primarily used in consumer electronic products such as tablets, laptops, smartphones, and smart wearables [2] Market Position - According to the latest data from a third-party market research firm, Hehui Optoelectronics ranks second among global manufacturers of large-sized AMOLED semiconductor display panels from 2022 to 2024, while holding the top position in the Chinese market [2] Strategic Importance - The move to list in Hong Kong is viewed as a significant strategic initiative for Hehui Optoelectronics to deepen its global footprint. The company aims to leverage capital market financing to expand production capacity and enhance research and development capabilities, thereby solidifying its technological leadership in the AMOLED display sector [2]

Core Viewpoint - The company, Hehui Optoelectronics, is in the process of applying for the issuance of overseas listed foreign shares (H shares) and plans to list on the main board of the Hong Kong Stock Exchange [2] Summary by Sections - **Issuance Details** - The company intends to issue no more than 2,802,501,000 overseas listed ordinary shares for listing on the Hong Kong Stock Exchange [2] - **Regulatory Compliance** - The company must report any significant events to the China Securities Regulatory Commission (CSRC) through the management information system during the period from the issuance of the filing notice until the completion of the overseas issuance [2] - After the completion of the overseas issuance, the company is required to report the issuance and listing situation to the CSRC within 15 working days [2] - The company is obligated to strictly adhere to relevant laws, regulations, and rules during the overseas issuance process [2] - **Filing Validity** - If the company does not complete the overseas issuance within 12 months from the issuance of the filing notice, it must update the filing materials if it intends to continue the process [2]

Core Viewpoint - Hehui Optoelectronics is planning to issue up to 2,802,501,000 overseas listed shares and list on the Hong Kong Stock Exchange, aiming to enhance its international strategy and financing capabilities [2][5]. Company Overview - Hehui Optoelectronics focuses on the research, production, and sales of high-resolution AMOLED semiconductor display panels, which are primarily used in consumer electronics such as tablets, laptops, smartphones, and smart wearables. The company is also developing products for specialized display fields including automotive, aviation, desktop, smart home, industrial control, and medical displays [4]. Financial Performance - In the first half of this year, Hehui Optoelectronics achieved operating revenue of 2.67 billion yuan, a year-on-year increase of 11.51%. The company's losses significantly narrowed, improving by 439 million yuan compared to the previous year. The adjusted net profit loss also showed improvement, with EBITDA reaching 473 million yuan, marking a turnaround from losses. The net cash flow from operating activities was 233 million yuan, a substantial increase of 856% year-on-year [4]. Market Segmentation - In the tablet and laptop sectors, Hehui Optoelectronics saw both sales volume and average selling price increase year-on-year, leading to a substantial revenue growth of 83.18% in this area. In the smartphone and smart wearable sectors, the company's product gross margin continued to improve [4]. Listing Purpose - The application for listing on the Hong Kong Stock Exchange is intended to accelerate the company's internationalization strategy and overseas business layout, enhance its overseas financing capabilities, and expand financing channels. Through the H-share listing, Hehui Optoelectronics aims to increase the production capacity ratio of high-end AMOLED panels, enhance product added value, and strengthen overall competitiveness while building an international brand influence [5].

Core Viewpoint - Company has received a notification from the China Securities Regulatory Commission regarding its plan to issue up to 2.8025 billion overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] Group 1 - The issuance of shares must be completed within 12 months from the date of the notification; otherwise, the company will need to update its filing materials if it intends to continue [1] - The company acknowledges that there are uncertainties associated with this matter and will fulfill its information disclosure obligations as required by law [1]

Core Viewpoint - The company, Hehui Optoelectronics, is in the process of applying for the issuance of overseas listed foreign shares (H shares) and plans to list on the main board of the Hong Kong Stock Exchange [1] Group 1 - The company has recently received a notification from the China Securities Regulatory Commission regarding the filing for overseas issuance and listing [1] - The company intends to issue no more than 2.803 billion overseas listed ordinary shares for the listing in Hong Kong [1]

Core Viewpoint - The company, Hehui Optoelectronics (688538.SH), is in the process of applying for the issuance of overseas listed foreign shares (H-shares) and plans to list on the main board of the Hong Kong Stock Exchange [1] Summary by Sections - The company intends to issue up to 2,802,501,000 overseas listed ordinary shares for listing on the Hong Kong Stock Exchange [1] - Upon the issuance of the registration notice by the China Securities Regulatory Commission (CSRC), the company must report any significant events that occur before the completion of the overseas issuance and listing [1] - The company is required to report the issuance and listing status through the CSRC's filing management information system within 15 working days after the completion of the overseas issuance and listing [1] - The company must strictly comply with relevant laws, regulations, and rules during the overseas issuance and listing process [1] - If the company does not complete the overseas issuance and listing within 12 months from the issuance of the registration notice, it must update the filing materials if it intends to continue the process [1]

证券代码：688538 证券简称：和辉光电 公告编号：2025-050 上海和辉光电股份有限公司 关于发行境外上市外资股（H 股）获得中国证监会备 案的公告 上海和辉光电股份有限公司（以下简称"公司"）正在进行申请发行境外上 市外资股（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 板挂牌上市（以下简称"本次发行"）的相关工作。公司于近日收到中国证券监 督管理委员会（以下简称"中国证监会"）出具的《关于上海和辉光电股份有限 公司境外发行上市备案通知书》（国合函〔2025〕1798 号）（以下简称"备案通 知书"）。备案通知书主要内容如下： 一、公司拟发行不超过 2,802,501,000 股境外上市普通股并在香港联合交易 所上市。 二、自备案通知书出具之日起至本次境外发行上市结束前，公司如发生重大 事项，应根据境内企业境外发行上市有关规定，通过中国证监会备案管理信息系 统报告。 三、公司完成境外发行上市后 15 个工作日内，应通过中国证监会备案管理 信息系统报告发行上市情况。公司在境外发行上市过程中应严格遵守境内外有关 法律、法规和规则。 四、公司自备案通知书出具之日起 12 个月内未完成境外 ...

资料显示，上海和辉光电股份有限公司位于上海市金山工业区九工路1568号,香港上环永乐街60-66号昌 泰商业大厦5楼504室，成立日期2012年10月29日，上市日期2021年5月28日，公司主营业务涉及专注于 中小尺寸AMOLED半导体显示面板的研发、生产及销售。主营业务收入构成为：AMOLED半导体显示 面板97.16%，其他(补充)2.84%。 截至6月30日，和辉光电股东户数11.67万，较上期减少4.23%；人均流通股49279股，较上期增加 4.42%。2025年1月-6月，和辉光电实现营业收入26.70亿元，同比增长11.51%；归母净利润-8.40亿元， 同比增长34.32%。 机构持仓方面，截止2025年6月30日，和辉光电十大流通股东中，华夏上证科创板50成份ETF （588000）位居第三大流通股东，持股2.94亿股，相比上期增加6255.74万股。易方达上证科创板50ETF （588080）位居第四大流通股东，持股2.29亿股，相比上期增加6207.67万股。香港中央结算有限公司位 居第五大流通股东，持股1.29亿股，相比上期增加821.65万股。南方中证500ETF（510500）位 ...