纳芯微，“A+H”获重磅基石加持

Core Viewpoint - Naxin Micro, a leading automotive-grade analog chip company, is set to launch its "A+H" development phase with a global offering of 19.0684 million H-shares, marking a significant step in its internationalization strategy [2][8] Group 1: IPO Details - The company plans to issue 19.0684 million H-shares, with 1.9069 million shares available in Hong Kong and 17.1615 million shares for international investors, at a maximum price of HKD 116.00 per share [2] - The pricing date is expected to be December 4, with trading commencing on December 8 [2] Group 2: Cornerstone Investors - Naxin Micro has secured seven cornerstone investors, raising approximately HKD 1.089 billion, which accounts for 49.23% of the total offering [4] - Notable cornerstone investors include BYD, Xiaomi, and Sanhua Intelligent Control, indicating strong support from industry leaders [5] Group 3: Business Overview - Founded in 2013 and listed on the STAR Market in 2022, Naxin Micro focuses on high-performance integrated circuit chip R&D and design, operating under a Fabless model [7] - The company has captured nearly one-third of the domestic analog chip market in the isolation product segment and close to 50% market share in the domestic electric vehicle three-electric system chip sector [7] Group 4: Internationalization Strategy - Naxin Micro has established branches in Japan, South Korea, and Germany, with plans to enhance its global market presence as a key strategic focus for the next five years [7] - The IPO proceeds will be allocated as follows: 18% for enhancing technical capabilities, 22% for expanding automotive electronic applications, 25% for overseas market expansion, 25% for strategic investments or acquisitions, and 10% for working capital [8]