通过天眼查大数据分析，国民技术股份有限公司共对外投资了9家企业，参与招投标项目90次，知识产 权方面有商标信息419条，专利信息1166条，此外企业还拥有行政许可26个。 国民技术最新一期业绩显示，截至2025一季报，公司营业总收入3.04亿元、同比增长31.87%，归属净利 润2137.58万元，同比增长71.43%，扣非净利润2547.84万元，同比增长57.43%，流动比率1.117、速动比 率0.687、资产负债率71.84%。 天眼查商业履历信息显示，国民技术股份有限公司，成立于2000年，位于深圳市，是一家以从事计算 机、通信和其他电子设备制造业为主的企业。企业注册资本58312.67万人民币，实缴资本58312.67万人 民币。公司法定代表人为孙迎彤。 来源：金融界 金融界消息 截至2025年8月6日收盘，国民技术（300077）报收于25.59元，上涨3.39%，换手率7.87%， 成交量44.60万手，成交金额11.30亿元。 资金流向方面，今日主力资金净流入5745.87万元，占比成交额5.09%。其中，超大单净流入3310.59万 元、占成交额2.93%，大单净流入2435.29万元、占 ...

Industry Overview - The Chinese secure storage chip market is experiencing rapid growth driven by the implementation of national information security strategies and accelerated domestic substitution processes. The market size is projected to reach 18.67 billion RMB in 2024, representing a year-on-year growth of 19.3% [1][16]. - By 2025, the market size is expected to exceed 21.85 billion RMB, supported by increased investments in information security infrastructure and the scaling of projects like IC cards and electronic IDs [1][16]. Market Structure - The secure storage chip market is characterized by a clear structural feature, with the financial payment sector maintaining a leading position with a 42% market share in 2024. The government and public service applications follow closely with a 28% market share [17]. - Emerging applications in industrial control and vehicle networking, although currently smaller in market share, are growing rapidly and are expected to reshape the market landscape [17]. Industry Development History - The secure storage chip industry in China has evolved from reliance on foreign manufacturers to achieving a degree of self-sufficiency. Prior to 2015, domestic production was almost entirely dependent on foreign companies [8]. - The introduction of laws such as the Cybersecurity Law and Data Security Law has spurred local companies to make technological advancements and expand their market presence [8]. - From 2018 to 2020, domestic companies like Unisoc and National Technology made significant progress in the secure storage chip sector, covering various application scenarios [8]. Industry Chain - The secure storage chip industry chain consists of upstream raw materials and equipment, midstream production and manufacturing, and downstream application fields including financial payments, government services, industrial control, and vehicle networking [10]. Key Companies - Major players in the secure storage chip industry include Zhaoyi Innovation, Huawei, Tongfu Microelectronics, and National Technology, among others. These companies leverage technological advancements and scale advantages to capture significant market shares [20][21]. - The competitive landscape is marked by a mix of large enterprises and emerging companies focusing on innovation and differentiation [20]. Future Trends - The secure storage chip industry is expected to trend towards multifunctionality, integrating storage, encryption, identity authentication, and secure boot capabilities into single chips [26]. - High performance will be a focus, with developments in storage chips supporting high-speed interfaces and optimized encryption algorithms to meet the demands of AI and supercomputing applications [27]. - Low power consumption will also be a key trend, driven by the proliferation of IoT and edge devices, with new non-volatile memory technologies gradually replacing traditional flash chips [29].

Core Viewpoint - Guomin Technology has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor. The company operates in the integrated circuit and lithium battery materials sectors, with both business segments expected to contribute approximately 47% of revenue in 2024 [2][3]. Group 1: Business Overview - Guomin Technology is a platform-based integrated circuit design company that provides high-security, high-reliability, and high-integration control chips and system solutions for various smart terminals. The company also develops lithium battery anode materials, creating a synergistic dual business model of "integrated circuits + new energy materials" [3][7]. - In the integrated circuit sector, the company focuses on four product lines: general-purpose MCUs, specialized market chips, RF chips, and BMS. It ranks among the top five Chinese companies in the global platform MCU market and is the leading company in the Chinese MCU market with built-in commercial encryption algorithm modules [7]. - The lithium battery anode materials business includes independent research, production, and sales of products such as artificial graphite and graphitization processing services, widely used in electric vehicles, energy storage systems, and portable devices [7]. Group 2: Financial Performance - Guomin Technology has experienced steady revenue growth in recent years but has faced continuous losses. In 2024, the company achieved revenue of 1.17 billion yuan, a year-on-year increase of 12.6%, while incurring a loss of 256 million yuan, although the loss narrowed compared to the previous year [12]. - The company reported a revenue of 304 million yuan in the first quarter of 2025, representing a year-on-year growth of 31.87%, with a net loss of approximately 21.38 million yuan [12]. - The company's gross profit margin has been unstable, with figures of 35.6%, 1.7%, and 15.6% from 2022 to 2024. The significant drop in 2023 was attributed to oversupply in the market leading to price declines and inventory write-downs [12]. - Research and administrative expenses are substantial, accounting for 16% and 13.9% of revenue in 2024, respectively. The company has reported a net cash outflow from operating activities for three consecutive years, with a cash and cash equivalents balance of 362 million yuan and short-term borrowings of 837 million yuan at the end of the period [12]. Group 3: Shareholding Structure - The prospectus indicates that Guomin Technology does not have a controlling shareholder or actual controller. Prior to the Hong Kong listing, the largest single shareholder is Sun Yingtong, holding 2.65% of the shares [13][16].

Core Viewpoint - Chip stocks experienced a rebound in the afternoon, with several major stocks seeing significant gains, indicating a positive trend in the semiconductor sector [1] Group 1: Stock Performance - Companies such as Cambricon, Taiji, Shengke Communication, Huahong Group, and Jingfeng Mingyuan all saw their stock prices rise by over 5% [1] - Other companies including SMIC, Aishi Chuang, Guoxin Technology, Shengbang Technology, and Guomin Technology also followed suit with notable increases [1]

Group 1 - The EDR concept sector experienced a decline of 2.47%, ranking among the top declines in the concept sectors, with companies like Bomin Electronics, Guomin Technology, and Allwinner Technology leading the losses [1] - The top gainers in today's concept sectors included Low-E Glass with a rise of 4.24% and Silicon Energy with an increase of 4.19%, while the EDR concept was among the notable decliners [1] - The EDR concept sector saw a net outflow of 960 million yuan, with 17 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 50 million yuan, led by Allwinner Technology with a net outflow of 236 million yuan [1] Group 2 - The stocks with the highest net outflows in the EDR concept included Allwinner Technology (-3.97%), Bomin Electronics (-8.78%), and 360 Security Technology (-1.77%), with significant outflows recorded [2] - The net inflows in the EDR concept were observed in Tianrongxin and Weidi Co., with net inflows of 10.60 million yuan and 0.64 million yuan respectively [2] - The trading activity in the EDR concept stocks showed varying turnover rates, with Bomin Electronics having a turnover rate of 21.90% and Allwinner Technology at 4.59% [1][2]

Group 1 - The core point of the article is that Guomin Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1] Group 2 - The submission of the listing application indicates the company's intention to raise capital through public markets [1] - This move may reflect the company's growth strategy and potential expansion plans [1] - The listing could provide the company with increased visibility and credibility in the market [1]

Core Viewpoint - Guomin Technology Co., Ltd. (国民技术) has submitted its prospectus for listing on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor. The company is a platform-based integrated circuit design firm focused on providing high-security, high-reliability, and highly integrated control chips and system solutions for various smart terminals [1][3]. Company Overview - Guomin Technology is ranked among the top five Chinese companies in the global platform MCU market by revenue in 2024, and it ranks first in the Chinese MCU market with built-in commercial encryption algorithm modules [3]. - The company was established in March 2000 and is located in Shenzhen, Guangdong Province, with a registered capital of approximately 580 million RMB [5]. Financial Performance - The company's revenue for 2022, 2023, and 2024 is approximately 1.195 billion RMB, 1.037 billion RMB, and 1.168 billion RMB, respectively. The gross profit for the same years is approximately 426 million RMB, 18 million RMB, and 182 million RMB, while the net losses are approximately 18.93 million RMB, 594 million RMB, and 256 million RMB [4][6]. - Adjusted net profits (losses) according to non-IFRS measures for 2022, 2023, and 2024 are approximately 119 million RMB, -591 million RMB, and -192 million RMB, respectively, primarily due to the impact of share-based payments [7]. Product Sales and Market Trends - The sales volume of chip products increased from 136 million units in 2022 to 190 million units in 2023, and is expected to reach 341 million units in 2024. However, revenue from chip products decreased by 8.96% in 2023 to approximately 417 million RMB, with a projected increase of 33.22% in 2024 to about 556 million RMB [8]. - The sales volume of artificial graphite products increased from 14,000 tons in 2022 to 19,600 tons in 2023, and is expected to reach 26,500 tons in 2024, attributed to customer trust in the company's quality products [8]. Market Outlook - The global MCU market is projected to grow from approximately 29.9 billion USD in 2024 to about 48 billion USD by 2029, with a compound annual growth rate (CAGR) of 9.9% [3].

Core Viewpoint - Nations Technologies Inc. (国民技术) has submitted its prospectus to the Hong Kong Stock Exchange for a proposed listing on the main board, aiming to leverage its position in the integrated circuit design and lithium battery anode materials sectors [3]. Business Overview - Founded in 2000, Nations Technologies is a platform-based integrated circuit design company that provides high-security, high-reliability, and high-integration control chips and system solutions for various smart terminals across key sectors including consumer electronics, industrial control, digital energy, smart home, automotive electronics, and medical electronics [6]. - The company also develops lithium battery anode materials, forming a dual business model of "integrated circuits + new energy materials" [6][8]. Market Position - According to Zhaoshang Consulting, Nations Technologies ranks among the top five Chinese companies in the global platform MCU market by revenue in 2024, and is among the top three in the global 32-bit platform MCU market [7]. - The company holds the number one position in the Chinese MCU market for built-in commercial encryption algorithm modules and maintains a leading position in niche markets such as energy storage BMS and smart home control [7]. Financial Performance - Nations Technologies reported revenues of RMB 1.19 billion, RMB 1.04 billion, and RMB 1.17 billion for the years 2022, 2023, and 2024, respectively, with corresponding net losses of RMB 0.19 billion, RMB 0.59 billion, and RMB 0.26 billion [15][16]. - The revenue breakdown for 2024 shows that chip sales accounted for 47.6% of total revenue, while sales of lithium battery anode materials and graphite processing services contributed 47.1% [9]. Shareholder Structure - Prior to the IPO, the largest shareholder of Nations Technologies is Mr. Sun Yingtong, holding 2.65% of the shares, while other A-share shareholders collectively hold 97.35% [10]. Management Team - The board of directors consists of seven members, including three executive directors: Mr. Sun Yingtong (Chairman and General Manager), Mr. Kan Yulun (Deputy General Manager), and Ms. Ye Yantao (Deputy General Manager and Board Secretary) [12][14].

Core Viewpoint - GuoMin Technology has officially submitted an application for overseas listing of shares on the Hong Kong Stock Exchange, aiming to list H-shares on the main board [1] Company Overview - GuoMin Technology is a platform-based integrated circuit design company that provides high-security control chips and system solutions for smart terminals [1] - The company's products are widely used in various fields including consumer electronics, industrial control, digital energy, smart home, automotive electronics, and medical electronics [1] - Since its establishment in 2000, the company has expanded its product line from specialized market chips to general-purpose MCUs and high-end products like edge AI computing [1] Market Position - According to Zhaoshang Consulting, GuoMin Technology ranks among the top five Chinese companies in the global platform MCU market based on 2024 revenue [1] - In the global 32-bit platform MCU market, the company is among the top three Chinese enterprises [1] - GuoMin Technology holds the leading position in the Chinese MCU market for embedded commercial encryption algorithm modules [1] Technological Advancements - The company achieved mass production of general-purpose MCU products based on 40nm eFlash process in 2019 [1] - GuoMin Technology leverages core technologies such as multi-core heterogeneous architecture, AI algorithm support, encryption modules, and power consumption control to implement products in edge intelligence, energy storage control, and humanoid robots [1] Business Diversification - In addition to its chip business, GuoMin Technology is simultaneously developing lithium battery anode materials, forming a dual-main business layout of "integrated circuits + new energy materials" [2] - The lithium battery anode materials business focuses on artificial graphite and explores various technological routes including silicon-carbon and hard carbon, with applications in new energy vehicles, energy storage systems, and portable devices [2] Market Growth - The global MCU market is expected to grow from approximately $29.9 billion in 2024 to about $48 billion by 2029 [2] - The company's listing in Hong Kong aims to expand international financing channels, accelerate the construction of a domestic and international dual circulation pattern, and promote overseas strategic layout [2]

证券代码：300077 证券简称：国民技术 公告编号：2025-036 鉴于本次发行上市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外证券投资的境内合格投资者，公司将不会在境内证 券交易所的网站和符合境内监管机构规定条件的媒体上刊登该申请资料，但为使 境内投资者及时了解该等申请资料披露的本次发行以及公司的其他相关信息，现 提供该申请资料在香港联交所网站的查询链接供查阅： 中文版本： https://www1.hkexnews.hk/app/sehk/2025/107482/documents/sehk25062601980 _c.pdf 英文版本 国民技术股份有限公司 关于向香港联交所递交境外上市股份（H股）发行上市申请 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、 准确性和完整性承担法律责任。 国民技术股份有限公司（以下简称"公司"）已于2025年6月26日向香港联 合交易所有限公司（以下简称"香港联交所"）递交了发行境外上市股份（H股） 并在香港联交所主板挂牌上市（以下简称"本次发行上市"）的申 ...