Core Viewpoint - Xi'an Yiswei Materials Technology Co., Ltd. has successfully passed the IPO review on the Sci-Tech Innovation Board, marking a significant milestone for China's semiconductor industry and showcasing the country's growing strength in "hard technology" [2][3]. Company Overview - Xi'an Yiswei is a key manufacturer of 12-inch silicon wafers, essential for various advanced technologies including AI, 5G, and autonomous driving [2][3]. - The company has achieved a remarkable position as the first in mainland China and sixth globally in the 12-inch silicon wafer market, with a monthly shipment and production capacity accounting for 6%-7% of the global total by 2024 [3][4]. Financial Performance - Despite not being profitable yet, the company has shown a strong growth trajectory with a revenue increase of 41.83% CAGR over three years, reaching 1.302 billion yuan in the first half of 2025 [3][8]. - The revenue figures for the years 2022, 2023, and 2024 were 1.055 billion yuan, 1.474 billion yuan, and 2.121 billion yuan respectively, while the net losses for the same period were 412 million yuan, 578 million yuan, and 738 million yuan, totaling 1.728 billion yuan [8][9]. Production Capacity and Future Plans - The company plans to raise 4.9 billion yuan for its second factory in Xi'an, which is expected to double its production capacity and achieve a monthly shipment of 1.2 million wafers by 2027, capturing over 10% of the global market share [4][7]. - The second factory is anticipated to reach profitability by 2027, further solidifying the company's position in the semiconductor industry [4]. Investment and Support - Xi'an Yiswei has attracted significant investment, with over 115 billion yuan raised from 62 shareholders, including state-owned capital institutions, which reflects a strategic focus on supporting "hard technology" [8][12]. - The company has undergone seven rounds of financing since its inception, with notable investments from major funds, including the National Integrated Circuit Industry Investment Fund [10][11]. Technological Advancements - The company has established a global R&D team and achieved breakthroughs in critical manufacturing processes, positioning itself competitively against international giants [7][9]. - Xi'an Yiswei's products are utilized in advanced process logic chips, DRAM, NAND Flash, and high-end AI chips, addressing core demands in AI model training and inference [3][4]. Regional Ecosystem and Policy Support - The success of Xi'an Yiswei reflects the evolving technology and financial ecosystem in Xi'an, supported by government policies aimed at fostering innovation and capital investment in the semiconductor sector [13][14]. - The local government has implemented various funds and initiatives to support the growth of hard technology companies, creating a conducive environment for innovation and development [15][16].

Group 1 - The core viewpoint of the article is that Ronghe Yuanchu has successfully completed a strategic financing round of over 100 million yuan, led by CIMC Capital, Yongkang Industrial Investment, and Yuancheng Capital [2] - Ronghe Yuanchu, established in 2019, positions itself as a "zero-carbon energy operator," viewing battery storage as the "operating system" of the new power system [3] - The company aims to provide full lifecycle zero-carbon solutions for global power plants, industrial parks, and households through self-developed storage hardware, AI scheduling platforms, and asset management services [3] Group 2 - The CEO of Ronghe Yuanchu stated that the funds from this round will be allocated in three steps: 30% for the iteration of the new generation 314Ah high-capacity battery cells and liquid cooling PACK, 40% for building localized operation and maintenance centers overseas to accelerate project delivery in Europe and the Middle East, and the remaining 30% for upgrading the digital twin operation platform to maximize the 20-year lifecycle returns of storage assets [4] - CIMC Capital's president highlighted that Ronghe Yuanchu has transformed "heavy asset" storage into a "light operation" service model, reducing customer CAPEX while securing long-term cash flow [5] - The founder of Shangdao Venture Capital Network noted that the continuous improvement of the dual-carbon "1+N" policy system and the rapid implementation of energy storage capacity compensation and wall-separated electricity sales details indicate that the industry is advancing faster than expected [6]

来源：西安网 8月14日，上海证券交易所上市审核委员会2025年第31次审议会议传来振奋人心的消息——西安奕斯伟材料科技股份有限公司（以下简称"西安奕 材"）首发申请成功过会。这不仅标志着国内半导体材料领军企业登陆资本市场取得关键突破，更是西安深化科技金融改革、服务国家战略、锻造 硬科技实力的又一里程碑式事件。 西安奕材此次成功过会，备受资本市场和产业界人士关注。从2024年11月29日获受理到成功过会，用时不到九个月，既展现了科创板对硬科技企 业包容性的提升和审核效率的提速，也凸显了市场对西安奕材核心价值的高度认可。 招股书显示，西安奕材此次拟募集资金49亿元，将全部投入西安奕斯伟硅产业基地二期项目。该项目的建成，将与第一工厂形成更优规模效应， 助力公司优化产品结构、增强技术实力、加快拓展海外市场，进一步提升公司在全球半导体产业链中的竞争力和市场份额。 作为国内12英寸半导体硅片领域的头部企业，西安奕材的成长也是西安硬科技实力的集中体现。 公司专注于芯片制造的核心基础材料——12英寸硅片的研发、生产和销售。公司已形成拉晶、成型、抛光、清洗和外延五大工艺环节的核心技术 体系，核心指标达全球领先水平，其产品广泛 ...

IPO Dynamics - Kema Materials successfully passed the IPO review on the Shanghai Stock Exchange on August 11 [1] - Xi'an Yicai also passed the IPO review for the Sci-Tech Innovation Board on August 14 [1] New Stock Listings - Two new stocks were listed this week: Guangdong Jiankang (301632) on the ChiNext on August 12 [3] and Zhigao Machinery (920101) on the Beijing Stock Exchange on August 14 [4] New Stock Subscriptions - Two new stocks were available for subscription this week [5] Hong Kong Stock Market - Jiexin International passed the hearing at the Hong Kong Stock Exchange on August 11 [6] - Several companies, including Aux Electric and Le Comfort, submitted their prospectuses to the Hong Kong Stock Exchange between August 12 and August 14 [7] Market Trends - Silver诺药 (Silver诺 Pharma) saw a significant stock price increase of 285% on its first trading day, reaching a peak of 74 HKD [8] - The company raised approximately 635 million HKD through the global offering, with about 90% allocated for ongoing and planned clinical trials [8] - Xi'an Yicai became the first unprofitable company to pass the IPO review under the "Eight Articles of the Sci-Tech Innovation Board" [9][11] Company Performance - Xi'an Yicai is a leading player in the 12-inch silicon wafer industry, currently ranked first in mainland China and sixth globally [11] - Wolong Electric Drive submitted its listing application to the Hong Kong Stock Exchange on August 13 [12] - Wolong Electric Drive reported revenues of 142.66 billion CNY in 2022, with a projected revenue of 162.47 billion CNY in 2024 [12] - The company has restructured its business focus, divesting over 700 million CNY in assets related to new energy to concentrate on its core electric motor and drive control business [12]

8月15日早盘三大股指集体上涨，科创50ETF（588000）震荡走强，截至9点51，上涨0.09%。该 ETF 此前已连续四个交易日上涨，近5日涨幅超4%，今日有望实现5连涨。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 8月14日在 "高质量完成'十四五'规划"系列主题新闻发布会上，国家数据局局长介绍，我国在数字 领域突破了一批关键核心技术。集成电路加快布局，形成覆盖设计、制造、封装测试、装备材料的完整 产业链；国产操作系统加速崛起，鸿蒙系统生态设备总量突破11.9亿台，为手机、汽车、家电等1200多 类产品装上"智能中枢"；我国人工智能综合实力实现整体性、系统性跃升，人工智能专利数量占全球总 量的60%。 天风证券指出，综合来看2025年，全球半导体增长延续乐观增长走势，2025年AI驱动下游增长。 同时，政策对供应链中断与重构风险持续升级，国产创新持续推进。二季度各环节公司业绩预告亮眼， 三季 ...

来源：国金证券第5小时 申购/配售：凯众转债 113698.SH 1、央行发布公告称，将于8月15日开展5000亿元买断式逆回购操作，期限为6个月（182天）。叠加8月8日开展的7000亿3个月期买断式逆回购，本月央行买 断式逆回购已累计超额续作3000亿元，有效注入中期流动性。同时，市场预计本月3000亿元MLF到期后，央行也可能加量续作。 2、美联储9月降息预期再度受挫。美国7月PPI同比飙升至3.3%，为今年2月以来最高水平，远超预期的2.5%；环比则上涨0.9%，为2022年6月以来最大涨 幅。同时，旧金山联储主席戴利明确表示，反对在9月会议上实施50个基点的大幅降息，认为此举可能释放不必要的紧急信号。芝加哥联储主席古尔斯比也 敦促美联储在通胀完全受控前不要"仓促"降息。 1、国务院决定修改外国人入境出境管理条例，在普通签证类别中新增K字签证，发给入境的外国青年科技人才。持证人入境后可从事教育、科技、文化等 领域交流及创业、商务等活动。 3、国家发改委正与相关部门一道着手"十五五"海洋经济发展规划以及相关领域专项规划的编制工作。将部署尽快突破一批关键核心技术；大力发展海上风 电、海洋生物医药等新兴产业 ...

中国人民银行公告，为保持银行体系流动性充裕，2025年8月15日，中国人民银行将以固定数量、利率 招标、多重价位中标方式开展5000亿元买断式逆回购操作，期限为6个月（182天）。 国家发改委：正与相关部门着手"十五五"海洋经济发展规划编制工作 国家发展改革委区域协调发展司副司长马维晨表示，按照中央财经委员会第六次会议部署，国家发展改 革委正与相关部门一道着手"十五五"海洋经济发展规划以及相关领域专项规划的编制工作。"我们将更 加注重创新驱动，部署尽快突破一批关键核心技术，接续取得一批原创重大成果，实现海洋科技高水平 自立自强。"马维晨说，与此同时，加快推动海洋传统产业转型升级，大力发展海上风电、海洋生物医 药等新兴产业，积极培育海洋未来产业。 参与融资融券交易投资者数量创年内新高 证券时报·数据宝统计显示，8月13日参与融资融券交易的投资者数量为52.34万名，创年内新高，超过了 2月21日的52.14万名。与上一交易日相比，投资者数量增加4.61万名，环比增长9.67%。截至8月13日， 融资融券个人投资者数量为755.68万名，机构投资者数量为50004家，有融资融券负债的投资者数量为 172.18万名 ...

科技创新往往具有投入大、周期长、风险高的特点，传统金融模式难以完全覆盖，因此需要更具耐心的长线资本。因此，芯片、高端软件、生物 医药、新一代信息技术等"硬科技"领域或将会持续获得政策和资金的重点支持。同时，这些领域是国家战略的重中之重，也是资本市场寻找长期 价值的沃土。 1 著名经济学家 宋清辉 【沪港通锦囊】哪些行业受益于"金融支持新型工业化" 具体来看，政策将推动工业互联网平台的建设和应用，此举或有助于实现设备互联、数据共享和生产协同。投资者可关注专注于工业互联网平台建设和运营 的头部公司，以及提供相关数据分析、云服务的企业。此外，随着工业数据的价值日益凸显，数据安全和隐私保护变得至关重要。相关网络安全服务提供商 和工业大数据服务商将成为不可或缺的环节，其市场空间值得期待。 三是绿色发展，这亦是新型工业化的重要方向。指导意见中特别强调，要加大对工业领域绿色低碳转型的金融支持。我认为，这不仅是环保要求，更是新的 经济增长点。 具体来看，政策将鼓励发展节能环保、资源综合利用、清洁生产等绿色技术和设备。此举或为相关领域的研发和生产企业带来了机遇，如碳捕集、储能技 术、高效节能电机等。显而易见，新型工业化与能源结 ...

Group 1 - The core viewpoint of the article highlights that Xi'an Yiswei Material Technology Co., Ltd. successfully passed the IPO review on the Sci-Tech Innovation Board, indicating a faster review pace and increased market acceptance for "hard technology" companies [1] - Xi'an Yiswei is the first unprofitable company to be accepted and pass the review since the announcement of the "Eight Articles of the Sci-Tech Innovation Board" [1] - The company specializes in the research, production, and sales of 12-inch silicon wafers, and is currently the leading manufacturer in mainland China and the sixth globally in this sector [1] Group 2 - The time taken for Xi'an Yiswei to go from IPO acceptance to passing the review was less than 9 months, reflecting a significant acceleration in the review process [1] - The company has not yet achieved profitability due to the inherent characteristics of the 12-inch silicon wafer industry, which include high investment intensity, high technical barriers, and long customer certification and mass production cycles [1] - Based on the average monthly shipment volume and production capacity statistics for the end of 2024, Xi'an Yiswei has established itself as a key player in the 12-inch silicon wafer market [1]

Group 1 - The core point of the article is that Xi'an Yiswei Material Technology Co., Ltd. successfully passed the IPO review on the Sci-Tech Innovation Board, indicating a faster review pace and increased market acceptance for "hard technology" companies [1] - Xi'an Yiswei is the first unprofitable company to be accepted and pass the review since the announcement of the "Eight Articles of the Sci-Tech Innovation Board" [1] - The company specializes in the research, production, and sales of 12-inch silicon wafers, and is currently the leading manufacturer in mainland China and the sixth globally in this sector [1] Group 2 - The company has not yet achieved profitability due to the inherent characteristics of the 12-inch silicon wafer industry, which include high investment intensity, high technical barriers, and long customer certification and mass production cycles [1] - The time taken from the acceptance of the IPO on November 29, 2024, to passing the review was less than nine months, reflecting a significant acceleration in the review process [1] - Based on the average monthly shipment volume and production capacity statistics for the end of 2024, the company has established itself as a key player in the 12-inch silicon wafer market [1]