据港交所1月14日披露，常州聚和新材料股份有限公司(下称：聚和材料，688503.SH)向港交所主板提交 上市申请，华泰国际、杰富瑞为其联席保荐人。根据灼识咨询的资料，截至2025年9月30日止九个月， 该公司的光伏导电浆料销售收入在全球所有光伏导电浆料制造商中排名第一。该公司的核心业务是开发 及制造适用于不同光伏电池结构的完善光伏导电浆料产品组合，包括TOPCon、PERC、HJT及X-BC。 据招股书，该公司是一家位于中国的由研发驱动的先进材料公司。自2015年成立以来，该公司持续投入 研发，以深化在先进材料领域(尤其是光伏导电浆料)的专业能力。该公司的能力涵盖无机与有机材料的 合成、配方设计、制造工艺、分析以及应用开发，并形成多元化的产品布局。 ...

智通财经APP讯，聚和材料(688503.SH)公告，公司于2026年1月14日向中国香港联交所递交了境外公开 发行股票(H股)并在联交所主板上市的申请，并于同日在联交所网站刊登了本次发行上市的申请材料。 ...

Core Viewpoint - Changzhou Juhe New Materials Co., Ltd. (Juhe Materials) has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International and Jefferies as joint sponsors. The company ranks first in global sales revenue of photovoltaic conductive pastes among all manufacturers as of the nine months ending September 30, 2025 [1][4]. Group 1: Company Overview - Juhe Materials is a research-driven advanced materials company based in China, established in 2015. The company has continuously invested in R&D to enhance its expertise in advanced materials, particularly in photovoltaic conductive pastes [4]. - The company's capabilities include the synthesis of inorganic and organic materials, formulation design, manufacturing processes, analysis, and application development, resulting in a diversified product portfolio [4]. Group 2: Product and Market Position - The core business of Juhe Materials involves the development and manufacturing of a comprehensive range of photovoltaic conductive paste products suitable for various photovoltaic cell structures, including TOPCon, PERC, HJT, and X-BC [1].

关于向香港联合交易所有限公司递交H股发行上市的申请并 刊发申请资料的公告 常州聚和新材料股份有限公司 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、准确性和完整性依法承担法律责任。 常州聚和新材料股份有限公司（以下简称"公司"）于 2026 年 1 月 14 日 向香港联合交易所有限公司(以下简称"香港联交所")递交了境外公开发行股 票(H 股)并在香港联交所主板上市(以下简称"本次发行上市")的申请，并于 同日在香港联交所网站刊登了本次发行上市的申请材料。该申请材料为公司按 照香港证券及期货事务监察委员会(以下简称"香港证监会")及香港联交所的 要求编制和刊发，为草拟版本，其所载资料可能会适时作出更新及修订，投资 者不应根据其中的资料作出任何投资决定。 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 ...

人民财讯1月14日电，聚和材料(688503)1月14日公告，公司当日向香港联交所递交了境外公开发行股票 (H股)并在香港联交所主板上市的申请，并于同日在香港联交所网站刊登了本次发行上市的申请材料。 ...

格隆汇1月14日｜聚和材料公告，公司于2026年1月14日向香港联合交易所有限公司递交了境外公开发行 股票并在香港联交所主板上市的申请，并于同日在香港联交所网站刊登了本次发行上市的申请材料。该 申请材料为公司按照香港证券及期货事务监察委员会及香港联交所的要求编制和刊发，为草拟版本，其 所载资料可能会适时作出更新及修订，投资者不应根据其中的资料作出任何投资决定。 ...

Key Insights - The report highlights the ongoing recovery in the A-share market, with a focus on sectors such as gaming, healthcare, and energy metals showing strong performance [5][8][9] - The semiconductor industry is experiencing significant growth, with a notable increase in global sales and rising prices for memory products, driven by AI demand [14][15][16] - The food and beverage sector is facing challenges, particularly in traditional categories like liquor, while emerging segments like snacks and health products are performing better [18][19][21] - The gaming industry is steadily growing, with animation films leading box office revenues, indicating a robust demand for content [22][24] Domestic Market Performance - The A-share market has shown slight fluctuations, with the Shanghai Composite Index closing at 4,138.76, down 0.64% [3] - The average P/E ratios for the Shanghai Composite and ChiNext are 17.02 and 53.91, respectively, indicating a favorable long-term investment environment [5][9] - Trading volumes have increased, with a total turnover of 36,991 billion yuan, suggesting heightened market activity [5][9] Industry Analysis - The semiconductor sector saw a 5.11% increase in December 2025, outperforming the broader market, with significant growth in integrated circuits and semiconductor equipment [14] - The food and beverage industry experienced a 4.05% decline in December, with traditional categories underperforming while new categories showed resilience [18][19] - The gaming sector is projected to continue its growth trajectory, supported by strong demand for animated films and innovative gaming experiences [22][24] Investment Recommendations - Focus on sectors with strong fundamentals such as technology and traditional industries, particularly in healthcare, gaming, and energy metals [5][9] - In the semiconductor space, consider investing in companies involved in memory production and AI-related technologies, as demand is expected to rise [14][15][16] - For the food and beverage sector, look towards emerging categories like health products and snacks, which are expected to perform better in the current market environment [21]

香港聯合交易所有限公司與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意見，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。 * 僅供識別 Changzhou Fusion New Material Co., Ltd.* 常 州 聚 和 新 材 料 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，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。閣下閱覽本文件，即代表閣 下知悉、接納並向常州聚和新材料股份有限公司（「本公司」）、其聯席保薦人、整體協調人、顧問、或 承銷團成員表示同意： 倘於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與香港公司註冊處處長註冊 的本公司招股章程作出投資決定；招股章程的文本將於發售期內向公眾人士提供。 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的。投資者不應根據本文 ...

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 Changzhou Fusion New Material Co., Ltd.* 常 州 聚 和 新 材 料 股 份 有 限 公 司 (A joint stock company incorporated in the Peopl ...

Market Performance - The A-share market has shown a trend of slight upward movement, with the Shanghai Composite Index and Shenzhen Component Index experiencing increases of 1.09% and 1.75% respectively on the previous trading day [1] - The average P/E ratios for the Shanghai Composite Index and ChiNext Index are currently at 16.87 times and 52.69 times, indicating a suitable environment for medium to long-term investments [8][9] Economic Policies and Trends - The National Business Work Conference emphasized eight key areas for 2026, including boosting consumption and developing a digital and green consumption environment [2][6] - The Ministry of Industry and Information Technology has launched a "Artificial Intelligence + Manufacturing" initiative to promote the integration of AI with the manufacturing sector [2][6] Industry Insights - The semiconductor industry has shown strong performance, with a 5.11% increase in December 2025, outperforming the broader market [13] - Global semiconductor sales continued to grow, with a year-on-year increase of 29.8% in November 2025, indicating robust demand, particularly in AI-related hardware [14] - The gaming industry is experiencing steady growth, with animation films leading box office revenues, highlighting a shift in consumer preferences [20][22] Investment Recommendations - Focus on sectors such as technology, particularly in electric equipment and semiconductors, as well as high-dividend stocks, to capitalize on ongoing market trends [11][12] - In the food and beverage sector, attention is drawn to soft drinks, health products, and baked goods, which are expected to perform well in the current market environment [16][18] Sector-Specific Developments - The power and utilities sector is collaborating with tech giants like Google to enhance AI capabilities, indicating a trend towards technological integration in traditional industries [29] - The photovoltaic industry is witnessing price increases in silicon wafers and batteries, suggesting a potential for growth in related sectors [31]