交易行情显示，10月10日，泰凌微股价收跌8.42%，收于57.79元/股，总市值139.1亿元。 泰凌微表示，为深入推进公司全球化发展战略及海外业务布局需要，提升品牌影响力与核心竞争力，优 化资本结构，拓宽多元融资渠道，全面提升公司综合实力，公司正在筹划发行境外股份（H股）并在香 港联交所上市事宜。公司正与相关中介机构就本次H股上市的具体推进工作进行商讨，相关细节尚未确 定，本次H股上市不会导致公司实际控制人发生变化。 北京商报讯（记者 马换换 王蔓蕾）10月12日晚间，泰凌微（688591）披露公告称，公司正在筹划发行 境外股份（H股）并在香港联交所上市事宜。 ...

编辑 王进雨 新京报贝壳财经讯 10月12日，泰凌微公告称，为推进全球化发展战略及海外业务布局，提升品牌影响 力与核心竞争力，公司正在筹划发行境外股份（H股）并在香港联合交易所有限公司上市。相关细节尚 未确定，不会导致公司实际控制人发生变化。本次H股上市需提交公司董事会和股东会审议，并经相关 监管机构批准、核准或备案，存在较大不确定性。 ...

Core Viewpoint - The company is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy and brand influence [1] Group 1: Strategic Goals - The company aims to deepen its global development strategy and expand its overseas business layout [1] - The initiative is intended to strengthen the company's brand influence and core competitiveness [1] - The company seeks to consolidate its leading position in the industry [1] Group 2: Financial Objectives - The issuance of H-shares is aimed at optimizing the capital structure and broadening financing channels [1] - The company intends to leverage the advantages of international capital markets to enhance its overall strength [1] Group 3: Implementation Details - The company is currently in discussions with relevant intermediaries regarding the specific progress of the H-share listing [1] - Details of the H-share listing have not yet been finalized [1] - The H-share listing will not result in a change of the company's actual controlling shareholder [1]

Core Viewpoint - The company is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy, brand influence, and core competitiveness while optimizing its capital structure and broadening financing channels [1] Group 1 - The company aims to deepen its global development strategy and expand its overseas business layout [1] - The issuance of H-shares is intended to leverage the advantages of international capital markets [1] - The company is currently in discussions with relevant intermediaries regarding the specifics of the H-share listing [1] Group 2 - The H-share listing will not result in any changes to the actual control of the company [1]

Core Viewpoint - The company, Tai Ling Microelectronics (泰凌微), is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries regarding the specifics of the H-share listing [1] Group 1 - The company announced on October 12 that it is in the process of planning the issuance of H-shares [1] - The details of the H-share listing are still under discussion and have not been finalized [1] - The H-share listing will not result in a change of the company's actual controlling shareholder [1]

泰凌微电子（上海）股份有限公司（以下简称"公司"）为深入推进公司 全球化发展战略及海外业务布局需要，提升品牌影响力与核心竞争力，巩固行 业领先地位，充分借助国际资本市场的资源与机制优势，优化资本结构，拓宽 多元融资渠道，全面提升公司综合实力，正在筹划发行境外股份（H股）并在香 港联合交易所有限公司（以下简称"香港联交所"）上市事宜（以下简称"本 次H股上市"）。公司正与相关中介机构就本次H股上市的具体推进工作进行商 讨，相关细节尚未确定，本次H股上市不会导致公司实际控制人发生变化。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交 易所科创板股票上市规则》《境内企业境外发行证券和上市管理试行办法》 《香港联合交易所有限公司证券上市规则》等相关规定，待确定具体方案后， 本次H股上市工作尚需提交公司董事会和股东会审议，并经中国证券监督管理委 员会、香港联交所和香港证券及期货事务监察委员会等监管机构的批准、 核准 或备案。 本次H股上市能否通过审议、备案和审核程序并最终实施具有较大不确定性。 公司将依据相关法律法规的规定，根据本次H股上市的后续进展情况及时履行信 息披露义务。本次H股上市尚存在较大不 ...

Core Viewpoint - The company is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries regarding the specifics of the H-share listing [1] Group 1 - The company is currently in discussions with intermediaries about the H-share listing process, but specific details have not yet been determined [1] - The H-share listing will not result in a change of the company's actual controlling shareholder [1] - There is significant uncertainty regarding whether the H-share listing will pass the necessary review, filing, and approval processes [1] Group 2 - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations based on the progress of the H-share listing [1]

Core Viewpoint - The company, Tai Ling Microelectronics (688591.SH), is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy, brand influence, and core competitiveness [1] Group 1: H-share Listing Plans - The company is in discussions with relevant intermediaries regarding the specific progress of the H-share listing, with details yet to be determined [1] - The H-share listing is aimed at optimizing the capital structure and broadening financing channels to enhance the company's overall strength [1] - The listing will not result in a change of the company's actual controlling shareholder [1] Group 2: Regulatory Compliance - The H-share listing plan must be submitted for review by the company's board and shareholders, and requires approval from regulatory bodies including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1] - The implementation of the H-share listing is subject to significant uncertainty regarding the approval and regulatory processes [2]

Core Viewpoint - The company, Tai Ling Microelectronics (688591.SH), is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy, brand influence, and core competitiveness [1] Group 1: H-Share Listing Plans - The company is in discussions with relevant intermediaries regarding the specific progress of the H-share listing, with details yet to be determined [1] - The H-share listing will not result in a change of the company's actual controlling shareholder [1] - The listing process will require approval from the company's board and shareholders, as well as regulatory bodies including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1] Group 2: Regulatory Considerations - The implementation of the H-share listing is subject to significant uncertainty regarding the approval, filing, and review processes [2] - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations based on the progress of the H-share listing [2]

Core Insights - The report from Guotou Securities highlights the shift in focus from broad applications to specific use cases in smart glasses, driven by technological advancements and cost constraints [1] - The smart glasses industry is entering a robust growth phase in 2023, following previous stages of technology validation, commercial trials, and product diversification [1] - AI glasses are emerging as a significant market segment, with Meta's Ray-Ban Meta leading the charge and expected to capture 98.68% of global AI glasses sales in 2024 [2] Smart Glasses Development - The development of smart glasses has gone through four phases: pre-2012 (technology validation), 2012-2016 (commercial trials), 2017-2022 (product diversification), and 2023 (robust growth) [1] - Smart glasses can be categorized based on optical display systems, with AI shooting glasses focusing on photography and voice interaction, VR glasses providing immersive experiences, and AR glasses overlaying virtual information on the real world [1] AI Glasses Market - AI glasses are characterized by the integration of cameras, Bluetooth controls, and voice interaction, sacrificing optical display for lightweight and low-cost designs [2] - The core logic of AI shooting glasses is to achieve portability and practicality for all-day wear, targeting markets previously dominated by action cameras [2] AR Glasses Insights - AR glasses utilize micro-displays and optical modules to project virtual images onto real-world scenes, categorized into viewing glasses and full-domain glasses [3] - Viewing glasses are lightweight and designed for portable viewing, while full-domain glasses are used for outdoor navigation and industrial applications, albeit at a higher price point [3] VR Glasses Overview - Traditional VR glasses focus on providing an immersive experience, primarily for gaming and viewing, with a market that is relatively mature [4] - The expected sales for traditional VR glasses in Q2 2025 is 1.26 million units, reflecting a year-on-year growth of 6.7% [4] Industry Chain and Competitive Landscape - The upstream sector focuses on chips, optical modules, and screens, with Micro OLED expected to become a primary solution for XR devices by 2030 [5] - In the midstream, Thunderbird Innovation holds a 50% market share in AI/AR glasses online sales, while PICO dominates the domestic VR market [5] - The downstream sector is supported by offline channels, with Doctor Glasses establishing over 100 smart display cabinets [5] Key Companies to Watch - Companies to monitor include Luxshare Precision and GoerTek in manufacturing, Sunny Optical Technology and OFILM in optics, and various firms in storage and display technologies [7]