Core Viewpoint - Shanghai Fuhuan Microelectronics Co., Ltd. (Fuhuan Micro) has submitted an application to list on the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1]. Company Overview - Fuhuan Micro is a fabless chip design company focusing on intelligent vision technology, primarily engaged in the design of visual processing ICs for security cameras, recorders, and other visual devices in the video, IoT, and mobility sectors [4]. - The company holds a leading position in the global smart vision processing chip market with a market share of 21.3% in 2024, ranking first in revenue globally [4]. - Fuhuan Micro is also the top player in the global edge smart vision processing chip market and the automotive ISP chip market by shipment volume in 2024 [4]. Product Lines - The company has three main IC product lines: smart video, smart IoT, and smart mobility, which are applied in various devices such as network cameras, video doorbells, wearable video products, and automotive cameras [4]. Market Growth - The global AI SoC market for smart devices is projected to grow from $10.7 billion in 2020 to $31.8 billion in 2024, with a compound annual growth rate (CAGR) of 31.3% from 2020 to 2024 [5]. - By 2029, the market is expected to expand further to $109 billion from $43.8 billion in 2025 [5]. Customer Base - A significant portion of Fuhuan Micro's revenue comes from a small number of customers, with sales from the top five customers accounting for 91.7%, 91.1%, 88.4%, and 84.4% of total sales in 2022, 2023, 2024, and the first half of 2025, respectively [5]. Financial Performance - The company reported revenues of approximately RMB 2.11 billion, RMB 1.82 billion, RMB 1.79 billion, and RMB 687 million for the fiscal years 2022, 2023, 2024, and the first half of 2025, respectively [6]. - The corresponding profits for these periods were approximately RMB 378 million, RMB 252 million, RMB 232 million, and RMB 1.83 million [6].

Core Viewpoint - Shanghai Fuhang Microelectronics Co., Ltd. (Fuhang Micro) has submitted its application for listing on the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1]. Company Overview - Fuhang Micro is a fabless chip design company focused on intelligent visual technology, primarily engaged in the design of visual processing ICs for security cameras, recorders, and other visual devices in the video, IoT, and mobility sectors [3]. - The company holds a leading position in the global smart visual processing chip market with a market share of 21.3% in 2024, ranking first in revenue globally [3]. - Fuhang Micro is also the top player in the global edge smart visual processing chip market and the automotive ISP chip market by shipment volume in 2024 [3]. Product Lines - The company has three main IC product lines: smart video, smart IoT, and smart mobility, which are applied in various devices such as network cameras, video conferencing cameras, industrial cameras, home cameras, video doorbells, wearable video products, and automotive cameras [3]. Market Growth - The global AI SoC market for smart devices is projected to grow from $10.7 billion in 2020 to $31.8 billion in 2024, with a compound annual growth rate (CAGR) of 31.3% [4]. - By 2029, the market is expected to expand further to $109 billion from $43.8 billion in 2025 [4]. Customer Base - Fuhang Micro's revenue is significantly dependent on a few major customers, with sales from the top five customers accounting for 91.7%, 91.1%, 88.4%, and 84.4% of total sales in 2022, 2023, 2024, and the first half of 2025, respectively [4]. Financial Performance - The company reported revenues of approximately RMB 2.11 billion, RMB 1.82 billion, RMB 1.79 billion, and RMB 687 million for the fiscal years 2022, 2023, 2024, and the first half of 2025, respectively [6]. - Corresponding profits for the same periods were approximately RMB 378 million, RMB 252 million, RMB 232 million, and RMB 1.83 million [6].

Core Viewpoint - Shanghai Fuhang Microelectronics Co., Ltd. (Fuhang Micro) has submitted its application for listing on the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1]. Company Overview - Fuhang Micro is a fabless chip design company focused on intelligent vision technology, primarily engaged in the design of visual processing ICs for security cameras, recorders, and other visual devices in the video, IoT, and mobility sectors [3]. - The company holds a leading position in the global smart vision processing chip market with a market share of 21.3% in 2024, ranking first in revenue globally [3]. - Fuhang Micro's three main IC product lines include smart video, smart IoT, and smart mobility, applied in various devices such as network cameras, video doorbells, and automotive cameras [3]. Market Growth - The global AI SoC market for smart devices is projected to grow from $10.7 billion in 2020 to $31.8 billion in 2024, with a compound annual growth rate (CAGR) of 31.3% [4]. - By 2029, the market is expected to expand further to $109 billion [4]. Customer Base - The company has a significant reliance on a few major customers, with sales from the top five clients accounting for 91.7%, 91.1%, 88.4%, and 84.4% of total sales in 2022, 2023, 2024, and the first half of 2025, respectively [4]. Financial Performance - Fuhang Micro's revenue for the years 2022, 2023, 2024, and the first half of 2025 was approximately RMB 2.11 billion, RMB 1.82 billion, RMB 1.79 billion, and RMB 687 million, respectively [6]. - The company's profits for the same periods were approximately RMB 378 million, RMB 252 million, RMB 232 million, and RMB 1.83 million [6].

Core Viewpoint - The company has submitted an application for overseas listing and mainboard listing on the Hong Kong Stock Exchange on October 28, 2025 [1] Group 1 - The company has applied for the issuance of overseas listed shares [1] - The application materials were published on the Hong Kong Stock Exchange website on the same day [1]

上海富瀚微电子股份有限公司 鉴于本次发行并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并上市以及公司的其他相 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： | 证券代码：300613 | 证券简称：富瀚微 | 公告编号：2025-078 | | --- | --- | --- | | 债券代码：123122 | 债券简称：富瀚转债 | | 关于向香港联交所递交境外上市股份（H 股）发行并 上市申请并刊发申请资料的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 上海富瀚微电子股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日 向香港联合交易所有限公司（以下简称"香港联交所"）递交发行境外上市股份（H 股）并在香港联交所主板挂牌上市（以下简称"本次发行并上市"）的申请，并于 同日在香港联交所网站上刊登本次发行并上市的申请资料。该申 ...

Core Viewpoint - Shanghai Fuhuan Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1] Group 1 - The company is seeking to go public on the Hong Kong Stock Exchange [1]

香港聯合交易所有限公司及證券及期貨事務監察委員會對本申請版本的內容概不負責，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申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Shanghai Fullhan Microelectronics Co., Ltd. 上海富瀚微電子股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作向香港公眾人士提供資料。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即表示 閣 下知悉、接納並向上海富瀚微電子股份有限公司（「本公司」）、其獨家保薦人、整體協調人、顧問或包銷 團成員表示同意： 於本公司招股章程根據香港法例第32章《公司（清盤及雜項條文）條例》送呈香港公司註冊處處長登記前， 不會向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅 依據於香港公司註冊處處長登記的本公司招股章程作出投資決定。該文件的文本將於發售期內向公眾人 ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Shanghai Fullhan Microelectronics Co., Ltd. 上海富瀚微電子股份有限公司 (A joint stock company incorporated in the People's Repub ...

Company Overview - Shanghai Fuhang Microelectronics Co., Ltd. is located at 717 Yishan Road, Xuhui District, Shanghai, established on April 16, 2004, and listed on February 20, 2017. The company specializes in the research and sales of digital signal processing chips and provides professional technical services [1]. Financial Performance - As of September 30, 2025, the company reported a revenue of 688 million yuan, a year-on-year decrease of 14.04%, and a net profit attributable to shareholders of 23.02 million yuan, down 78.10% year-on-year [2]. - The company has distributed a total of 178 million yuan in dividends since its A-share listing, with 96.47 million yuan distributed over the past three years [3]. Stock Performance - On October 24, the stock price increased by 2.02%, reaching 47.49 yuan per share, with a trading volume of 56.91 million yuan and a turnover rate of 0.55%, resulting in a total market capitalization of 11.042 billion yuan [1]. - Year-to-date, the stock price has decreased by 18.66%, with a 4.60% increase over the last five trading days, a 5.70% decrease over the last 20 days, and a 0.53% increase over the last 60 days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 40,900, a rise of 3.45%, while the average circulating shares per person decreased by 3.27% to 5,362 shares [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited was the eighth largest circulating shareholder, holding 2.2915 million shares, an increase of 831,600 shares compared to the previous period [3]. Business Segments - The company's main business revenue composition includes professional video processing products (61.66%), smart IoT products (20.02%), smart vehicle products (18.21%), and others (0.11%) [1]. - Fuhang Microelectronics operates within the semiconductor industry, specifically in digital chip design, and is associated with concepts such as streaming media, ISP, Huawei Harmony, machine vision, and ASIC chips [1].

Core Viewpoint - The announcement from 富瀚微 (300613.SZ) regarding the change in shareholder ownership due to the reduction of shares by its major shareholder, 杰智控股有限公司, indicates that the overall control structure of the company remains unchanged despite the reduction in shareholding [1][2]. Shareholder Reduction Details - 杰智控股 reduced its holdings by a total of 6,902,080 shares from August 5, 2025, to October 16, 2025, with an average selling price of 52.21 CNY per share for 2,324,614 shares and 44.49 CNY per share for 4,577,466 shares, resulting in a total cash out of 325 million CNY [1][2]. - The reduction in shareholding represents a total decrease of approximately 2.97% in ownership [2]. Shareholding Structure - As of June 30, 2025, the combined voting rights controlled by 杨小奇 (7.5%), 杰智控股 (4.89%), 陈春梅 (13.22%), and 龚传军 (2.48%) amount to 28.09%, allowing them significant influence over company decisions [2]. Future Plans - 富瀚微 is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and capital strength, although the specifics of this plan are still under discussion and subject to regulatory approvals [3][4].