VGT(SZ:300476) Mei Ri Jing Ji Xin Wen·2025-09-29 21:13Group 1 - The core point of the article is the controversy surrounding Shenghong Technology's recent fundraising plan, which raised approximately 1.9 billion yuan, accounting for less than 1% of its latest market value, amidst a significant stock price increase of over 580% this year [2][3][8] - Market expert Xu Li raised concerns about the timing and scale of the fundraising, suggesting it may not be prudent given the company's high stock price [3][4] - Despite the controversy, some industry insiders argue that raising funds when a company's market value is high can be efficient and minimizes dilution for major shareholders [3] Group 2 - Other technology companies, including Cambrian-U, Chipone, Zhongke Feicai, and Lexin Technology, are also pursuing refinancing plans, with some already receiving approval from the regulatory authority [6] - The trend of multiple technology companies seeking refinancing simultaneously indicates a rapid development phase in the tech sector, with the potential to cool down high valuations in the secondary market [6] - Notable tech firms like Yushu Technology and Moore Threads are approaching significant milestones in their IPO processes, with Yushu currently in the counseling stage and Moore Threads having recently passed its IPO application [6][7] Group 3 - The overall IPO activity on the Sci-Tech Innovation Board has been low this year, with a significant decline in the total amount raised compared to previous years, indicating a gradual recovery process [8] - Major brokerage firms, such as CITIC Securities, are playing crucial roles in the financing processes of these technology companies, highlighting the importance of institutional support in capital market activities [8]