Core Viewpoint - Jingchen Semiconductor (Zhuhai) Co., Ltd., a wholly-owned subsidiary of Jingchen Co., Ltd. (688099.SH), has been established in Zhuhai to focus on semiconductor manufacturing and design, enhancing the company's operational efficiency and customer proximity [1][4]. Company Summary - Jingchen Co., Ltd. is a semiconductor system design company listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, primarily engaged in the research, design, and sales of system-level SoC chips and peripheral chips [3]. - The company’s product line includes smart set-top boxes, smart displays, AI smart terminals, wireless connectivity, and in-vehicle infotainment, serving various domestic and international brands [3]. Industry Context - The semiconductor industry is experiencing increasing demands for power consumption, reliability, and cost control in the manufacturing of discrete and lighting devices, driven by the upgrade of multimedia smart terminals and AIoT applications [4]. - The establishment of the new entity in Zhuhai is expected to enhance Jingchen's domestic supply chain and create synergies with existing SoC products and customer resources, improving overall solution capabilities [4].

Core Viewpoint - Recently, the establishment of Ruishi Technology (Chongqing) Microelectronics Co., Ltd. has been reported, indicating a strategic move in the semiconductor industry with a registered capital of 40 million yuan [1] Company Summary - Ruishi Technology (Chongqing) Microelectronics Co., Ltd. has been founded with a legal representative named Chen Jie [1] - The company has a registered capital of 40 million yuan, focusing on integrated circuit chip manufacturing, design, and related services [1] - The ownership structure reveals that the company is jointly held by Unisoc (002049) subsidiary Beijing Jingyuan Yufeng Optical Electronic Devices Co., Ltd. and Haikou Ruishi Mingxin Investment Partnership (Limited Partnership) [1]

12月5日，北京昂瑞微电子技术股份有限公司（下称"昂瑞微"，SH:688790）开启申购，将在上海证券交易所科创板上市。据贝多商业&贝多财经了解，昂瑞 微于2025年3月递交招股书，10月15日过会。 同时，昂瑞微预计其2025年度的营收约为19.05亿元至22.75亿元，同比变动-9.32%至8.26%；预计归母净利润约为-1.13亿元至-4170.88万元，同比变 动-74.41%至35.54%；预计扣非后净利润约为-1.38亿元至-6670.88万元，同比变动-25.30%至39.37%。 天眼查App信息显示，昂瑞微成立于2012年7月，前身为北京中科汉天下电子技术有限公司（即"北京汉天下"）。目前，该公司的注册资本为7464.8766万 元，法定代表人为钱永学，主要股东包括北京鑫科股权投资合伙企业（有限合伙）（下称"北京鑫科"）等。 | | | | 序号 | 项目名称 | 项目投资金额 | 拟投入募集 资金 | 项目实施主 | | --- | --- | --- | --- | --- | | | 5G 射频前端芯片及模组研发和产 业化升级项目 | 109,612.25 | 109,612.25 | ...

——北京昂瑞微电子技术股份有限公司首次公开发行股票并在科创板上市网上投资者交流会精彩回放 出席嘉宾 北京昂瑞微电子技术股份有限公司董事长、总经理钱永学先生 北京昂瑞微电子技术股份有限公司副总经理、财务负责人欧阳毅先生 北京昂瑞微电子技术股份有限公司董事会秘书张馨瑜女士 中信建投证券股份有限公司保荐代表人张悦先生 中信建投证券股份有限公司保荐代表人汪家富先生 北京昂瑞微电子技术股份有限公司 董事长、总经理钱永学先生致辞 尊敬的各位嘉宾、各位投资者和网友： 大家好！ 今天，是公司发展历程中的重要里程碑，更是新的起点。未来，昂瑞微将以此次登陆科创板为契机，持 续加大研发投入，深耕射频、模拟芯片核心领域，不断提升技术创新能力与产品竞争力，拓展在智能手 机、智能汽车、卫星通信、智能穿戴等多领域的应用场景，努力打造成为国际一流的集成电路设计企 业。同时，我们将严格遵守上市公司的规范运作要求，坚守诚信经营理念，积极履行信息披露义务，以 优异的经营业绩回报各位投资者的信任与支持，与全体股东、合作伙伴携手共进，为我国集成电路产业 的高质量发展添砖加瓦。 最后，再次感谢上证路演中心、上海证券报及中国证券网为本次活动提供的专业支持 ...

Core Viewpoint - Angrui Micro's IPO aims to raise approximately 2.067 billion yuan, with a share price set at 83.06 yuan per share, reflecting strong investor confidence and strategic partnerships in the RF chip market [1][2][3][4]. Company Overview - Angrui Micro, established in 2012, specializes in RF and analog integrated circuit design and is recognized as a national-level "little giant" enterprise [3]. - The company focuses on the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips, providing high-performance, reliable, low-power, and highly integrated products [3]. IPO Details - The IPO will issue 24.8829 million shares, all through public offering, with the subscription starting on December 5 and results announced on December 9 [1][2]. - The total expected fundraising amount is 2.067 billion yuan, with a net amount of approximately 1.932 billion yuan after deducting issuance costs [1][2]. Market Potential - The global RF front-end market is projected to reach 24.7 billion USD by 2028, indicating significant growth opportunities for Angrui Micro [3]. - From 2022 to 2024, the company's revenue is expected to grow from 923 million yuan to 2.101 billion yuan, with a compound annual growth rate exceeding 50% [3]. Business Applications - Angrui Micro has diversified its business across various sectors, including automotive communication, satellite communication, and IoT, with products already in mass production for major automotive brands and flagship mobile devices [3]. - The company’s RF SoC revenue is projected to reach 295 million yuan in 2024, reflecting a year-on-year growth of 49.5% [3]. Fund Utilization - The funds raised from the IPO will be allocated to the R&D and industrialization of 5G RF front-end chips and modules, RF SoC development, and the construction of headquarters and R&D centers [4]. - These investments are crucial for enhancing R&D capabilities and expanding into high-end markets and emerging applications in satellite and automotive wireless communication [4].

Core Insights - Cambrian Intelligent Computing Technology (Beijing) Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on integrated circuit sales, design, manufacturing, and related services [1] Company Information - The legal representative of the company is Wang Zai, and it is fully owned by Cambrian (688256) [1] - The company is registered in Haidian District, Beijing, with its address at 1301, 13th Floor, Zhizhen Building, No. 7 Zhichun Road [2] - The business scope includes technology promotion, application services, and integrated circuit-related activities [2] Financial Information - The registered capital of the company is 100 million yuan, equivalent to approximately 14.1 million USD [1]

答：公司在FPG领域保持国内领先优势,除继续向1xnm FinFET 制程迭代外,目前正布局算力从4TOPS 至 128TOPS 的谱系化产品研发,首颗32TOPS 算力芯片推广进展良好。公司根据市场需求定义新产品,根据客 户需求积极对接。 证券之星消息，2025年12月1日复旦微电（688385）发布公告称Central Asset Investment、富国基金、中信 证券于2025年11月25日调研我司。 具体内容如下： 问：公司业务在明年有无新的发力点? 答：2025年以来,公司业务稳定发展。各个业务线在应用场景上不断拓展,例如安全与识别产品线,在一碰付/ 连场景进展良好;MCU产品在智能电表领域保持领先,并在车规、白电方面有较好的表现;FPG产品线谱系开 发速度不断加快。2026年,公司会继续在应用场景方面下功夫,增加客户的可选项;同时,积极推进"芯片-软 件-解决方案"的生态体系建设。 问：公司MCU业务增长较快,主要原因是什么? 答：公司 MCU 业务包括智能电表 MCU、通用 MCU 及车规 MCU,其中智能电表 MCU目前贡献较大收入, 近年来公司产品也逐步导入家电、汽车等不同领域的头部客户 ...

公司拟使用本次募集资金投入5G射频前端芯片及模组研发和产业化升级项目、射频SoC研发及产业化升 级项目、总部基地及研发中心建设项目， 合计拟投入募集资金约20.67亿元。 智通财经APP讯，昂瑞微(688790.SH)披露招股意向书，公司拟公开发行股票数量为2488.2922万股，占 发行后公司总股本的比例为25%。高级管理人员与核心员工拟通过资产管理计划参与本次发行战略配 售，参与战略配售的数量合计不超过本次发行规模的10%，即248.8292万股，同时参与认购金额合计不 超过1.29亿元。中信建投投资有限公司参与本次发行战略配售，初始跟投比例预计为本次发行数量的 5%，即124.4146万股。本次发行初步询价日期为2025年12月2日，申购日期为2025年12月5日，发行结 束后公司将尽快申请在创板上市。 公司是一家专注于射频、模拟领域的集成电路设计企业，是国家级专精特新重点"小巨人"企业。公司主 要从事射频前端芯片、射频SoC芯片及其他模拟芯片的研发、设计与销售。自成立以来，公司通过持续 的研发投入和技术积累，不断进行产品高效迭代，为客户提供高性能、高可靠性、低功耗、高集成度的 射频及模拟芯片产品。 公 ...

Group 1 - The core viewpoint of the news is the performance and market position of Meixinsheng Technology, which saw a stock price increase of 5.17% to 38.27 CNY per share, with a total market capitalization of 4.269 billion CNY [1] - Meixinsheng Technology specializes in the research and sales of high-performance analog and mixed-signal chips, indicating a focus on integrated circuit design [1] - The company was founded on March 11, 2008, and went public on May 22, 2023, highlighting its relatively recent entry into the public market [1] Group 2 - According to data, the Fuyong Fund has a significant holding in Meixinsheng, with the Fuyong Research Optimal Mixed A Fund (015657) holding 36,200 shares, representing 1.98% of the fund's net value, making it the second-largest holding [2] - The Fuyong Research Optimal Mixed A Fund was established on September 19, 2023, and has a current scale of 1.3054 million CNY, with a year-to-date return of 38.79% and a one-year return of 39.65% [2] - The fund manager, Lang Chengcheng, has a tenure of 5 years and 134 days, with the fund's total asset size at 1.242 billion CNY, achieving a best return of 55.7% during his tenure [3]

Group 1 - Chongqing Chuangyuan Zhihang Technology Co., Ltd. was established on November 14, with a registered capital of 100 million RMB [1] - The company is involved in integrated circuit design, integrated circuit chip design and services, sales of integrated circuit chips and products, and artificial intelligence application software development [1] - The company is jointly held by Aixin Yuan Zhi Semiconductor (Chongqing) Co., Ltd., OmniVision Technologies (603501), and NIO's Anhui Shenji Technology Co., Ltd. [1]