本报记者 田鹏 2026年开年以来，港股次新股迎来良好开局。Wind资讯数据显示，今年以来，截至1月13日收盘，121只次新股算术平均涨 幅达5.94%，其中有19只个股自上市以来股价涨幅超过100%。 接受《证券日报》记者采访的专家表示，这一轮港股次新股的良好表现并非短期市场情绪反弹，而是多重核心因素共振的 结果。从标的结构来看，硬科技成为核心主线，人工智能、半导体GPU、生物医药等赛道的优质企业集中上市，这些企业凭借 技术稀缺性与成长确定性，成为资金追捧的核心标的。 首先，标的结构持续优化，硬科技成为上市主力。近年来，赴港上市公司精准覆盖人工智能、半导体、生物医药等前沿领 域，普遍具备技术稀缺性与成长确定性。 其次，全球资本加速回流中国资产，为港股次新股股价走强提供了资金支撑。瑞银数据显示，2025年全球前四十大国际投 资人对中国资产配置较2024年显著回升，但与2017年至2021年的均值相比，仍有较大提升空间。 具体来看，材料行业11只个股中，8只股价年内上涨，其中南山铝业国际控股有限公司和容大合众（厦门）科技集团股份 公司涨幅超过20%。 5只金融类次新股股价年内全部实现上涨，轻松健康集团和南华期货 ...

来源：海西晨报 最新消息！ 一厦门企业 二度冲刺港股上市 近日 瀚天天成电子科技（厦门）股份有限公司 （以下简称"瀚天天成"） 再次向港交所递交主板上市申请 公司上市材料被正式受理 中金公司担任独家保荐人 晨报记者了解到 瀚天天成曾于2023年12月 向上交所提交A股上市申请 瀚天天成于2011年3月在厦门火炬高新区正式成立，已在厦门火炬高新区（翔安）产业区建成现代化生 产厂房，含百级超净车间、检测、动力及辅助设施等，公司是一家集研发、生产、销售碳化硅半导体外 延晶片的国家级高新技术企业， 可提供商业化3英寸、4英寸、6英寸和8英寸碳化硅外延晶片。 瀚天天成是全球碳化硅(SiC)外延行业的领导者，根据灼识咨询的报告，自2023年以来，按年销售片数 计，公司是全球最大的碳化硅外延供货商，2024年的市场份额超过30%。公司客户群体主要为全球碳化 硅功率器件制造商，包括全球前五大碳化硅功率器件巨头中的四家。2022年至2024年，前五大客户收入 占比始终保持在80%以上。 财务数据显示 2022年、2023年、2024年及2025年前五个月，瀚天天成营业收入分别为人民币4.41亿元、11.43亿元、 9.74亿元 ...

Group 1 - The core viewpoint of the news is the successful listing of Rongda Technology on the Hong Kong Stock Exchange, attracting significant investor interest with a fundraising total of 184 million HKD [1] - The opening price of Rongda Technology reached 16.6 HKD, a 66% increase from the issue price, indicating strong market demand [1] - Despite fluctuations, the company's market capitalization stabilized at approximately 1.444 billion HKD, reflecting positive market performance [1] Group 2 - Rongda Technology is a leading global supplier of Automatic Identification Data Capture (AIDC) devices and solutions, with products sold in over 140 countries and regions [1] - The company has received several prestigious titles, including national high-tech enterprise and "little giant" enterprise, and holds hundreds of core patents, showcasing its strong technological capabilities [1] - Financial data indicates that Rongda Technology's revenue for 2022 to 2024 is projected to be 393 million, 349 million, and 350 million CNY respectively, showing stable revenue despite some fluctuations [3] - As of the end of 2024, the company's cash and cash equivalents are reported at 7.61 million CNY, which may impact its financial flexibility [3] - The listing marks a significant milestone for the company, and its future performance will depend on how it utilizes the raised funds to enhance R&D, expand sales networks, and improve its financial situation [3]

Group 1 - The core viewpoint of the news is that Xiamen's Tong'an District is actively engaging in trade talks in Hong Kong to enhance economic cooperation and attract investment, particularly focusing on the manufacturing sector and the listing activities of Rongda Technology [1][2] - Rongda Technology's listing is seen as a significant milestone for both the company and Tong'an District, highlighting the district's efforts in nurturing innovative entities and promoting industrial upgrades [2] - The Tong'an District is committed to optimizing the business environment and providing comprehensive services to support companies in expanding their presence in the capital market [2] Group 2 - Following the listing ceremony, the investment delegation engaged with Rongda Technology's executives and partners in the supply chain, promoting the district's industrial layout, resources, and policy advantages to potential collaborators [4] - Tong'an District is focusing on building an industrial cluster centered around smart manufacturing and digital economy, offering customized production spaces and support services for high-tech enterprises [4] - The district has implemented a series of policies, including support for specialized and innovative enterprises, high-tech company assistance, and local supply chain incentives, to provide full-cycle support for industry chain companies [4] Group 3 - The trip to Hong Kong is part of Tong'an District's strategy to deepen cooperation by leveraging existing enterprise resources and expanding new project opportunities [6] - The investment delegation aims to connect with partners through the listing event, achieving the goal of promoting the region while establishing ties with key industry players [6] - Future efforts will focus on following up on potential cooperation projects and enhancing precise investment attraction within the industry chain, while also deepening collaboration with Hong Kong in financial services and trade [6]

Group 1 - Rongda Hezhong (Xiamen) Technology Group Co., Ltd. (stock code 9881.HK) is conducting an IPO from May 30 to June 5, 2025, with Baihui Financial Holdings acting as the joint bookrunner and lead underwriter [1] - The IPO project involves a global issuance of approximately 18.4 million shares, with an offering price between HKD 10 and HKD 12 per share, expecting a maximum net fundraising amount of approximately HKD 220 million [3] - Rongda Hezhong specializes in Automatic Identification and Data Capture (AIDC) devices and solutions, headquartered in Xiamen, China, with a wide range of applications across various industries including retail, education, and healthcare [3][4] Group 2 - The core products of Rongda Hezhong focus on AIDC technology, including printing devices, scales, POS terminals, and PDAs [4] - The company holds over 160 registered patents and its products have received international certifications such as CCC, FCC, and CE, indicating a competitive advantage in the market [4] - The net proceeds from the IPO are planned to be used for increasing R&D investment, enhancing production efficiency, market expansion, and daily operational needs [4]

Group 1 - Rongda Hezhong successfully passed the Hong Kong Stock Exchange listing hearing, indicating its recognized market position in the AIDC field, with projected revenue of approximately 350 million yuan and net profit of about 41 million yuan for 2024 [1] - Yushi Technology submitted its prospectus to the Hong Kong Stock Exchange, focusing on L4-level autonomous driving technology, with expected revenue of 265 million yuan for 2024, but currently operating at a loss [2] - Tencent's AI product ima has integrated the DeepSeek R1-0528 model, enhancing reasoning performance and code capabilities, which is expected to improve user experience and attract more users [3] Group 2 - The Ministry of Finance plans to issue 68 billion yuan of government bonds in Hong Kong in six phases, with the third phase of 12.5 billion yuan scheduled for June 4, 2025, aimed at enriching the RMB bond market and promoting RMB internationalization [4] - The Hong Kong stock market showed positive performance, with the Hang Seng Index rising by 1.35%, the Hang Seng Tech Index increasing by 2.46%, and the National Enterprises Index up by 1.37% on May 29 [5]

Core Viewpoint - Rongda Hezhong Technology Group has successfully passed the Hong Kong Stock Exchange listing hearing and is set to enter the capital market, focusing on automatic identification data collection (AIDC) devices and solutions [1]. Financial Performance - The company's revenue from 2022 to 2024 is projected to be RMB 393.27 million, RMB 348.75 million, and RMB 350.06 million respectively, showing a slight decline in 2023 before stabilizing in 2024 [2]. - Gross profit for the same period is RMB 89.86 million, RMB 85.46 million, and RMB 99.37 million, indicating a recovery in 2024 [2]. - Operating profit is expected to be RMB 43.78 million, RMB 31.00 million, and RMB 46.74 million, with net profit figures of RMB 37.45 million, RMB 27.60 million, and RMB 41.35 million respectively [2][3]. - Adjusted net profit margins are projected at 11.6%, 10.4%, and 14.2% for the years 2022, 2023, and 2024 [2]. Cash Flow and Dividends - The net cash from operating activities is RMB 60.44 million, RMB 24.52 million, and RMB 54.63 million over the three years, while cash and cash equivalents at the end of 2024 are expected to be only RMB 7.61 million, indicating tight cash flow [3]. - Dividends declared to shareholders during this period are RMB 5 million, RMB 35 million, and RMB 31.5 million, which may contribute to the decrease in cash and cash equivalents [3]. Shareholding Structure - The company has a concentrated shareholding structure, with key executives controlling approximately 93% of the shares, primarily through Xiamen Rongxin and other holding platforms [4]. - Major shareholders include Xu Kaiming and Xu Kaihe, who control 39.77% and 47.81% of the shares respectively, while other shareholders hold smaller stakes [5]. Market Position and Future Outlook - The upcoming listing is expected to provide new development opportunities and challenges for the company, potentially enhancing its market position and accelerating technological innovation and business expansion [5].