Core Viewpoint - The company, Zhaoyi Innovation, plans to issue H-shares and list them on the Hong Kong Stock Exchange to enhance its global strategy and international brand image while improving its core competitiveness [1][2]. Group 1: H-Share Issuance - The company has convened meetings to approve the issuance of H-shares and plans to list them on the Hong Kong Stock Exchange [1]. - The issuance aims to accelerate overseas business development and deepen the company's global strategy [1]. - The company will consider the interests of existing shareholders and market conditions when determining the timing and window for the issuance [1]. Group 2: Regulatory Approval - The issuance and listing require approval from the company's shareholders and regulatory bodies, including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1][2]. - The company is currently discussing related work with intermediary institutions, but specific details of the issuance are yet to be finalized [2]. Group 3: Previous Fundraising Activities - Zhaoyi Innovation was listed on the Shanghai Stock Exchange in August 2016, raising a total of 581.50 million yuan, with a net amount of 516.53 million yuan after expenses [2]. - The company has conducted multiple fundraising activities, with a total of 5.88 billion yuan raised across three rounds [6].

港股上市，看好全球市场估值修复 | 华泰研究 | | | 动态点评 | | --- | --- | --- | --- | | 2025 年 | 5 月 | 20 日│中国内地 | 新能源及动力系统 | 证券研究报告 宁德时代 (300750 CH) 宁德时代于 5 月 20 日在香港联合交易所主板挂牌上市，成为国内首家同时 在 A 股和 H 股上市的动力电池公司。港股上市有助于公司海外产能扩张、 国际业务拓展等，我们看好公司加速全球化布局，不断提升全球市场竞争力。 维持买入评级。 5 月 20 日登陆港交所，加速全球市场布局 宁德时代于 5 月 20 日在港股上市，定价每股 263 港元，对标 A 股 5 月 16 日（发行价格公告日）收盘价 259.36 元折价率约 6.7%；此次发售股份规模 为 1.36 亿股，发行比例低于 5%（约 3%），募集资金约 45 亿美元，为今年 以来全球最大 IPO。公司推进港股上市主要系为进一步推动全球化战略布 局，打造国际化资本运作平台，提高综合竞争力。 上市速度/折价率/孖展倍数亮眼，基石权重高结构多样化 公司在 5 月 6 日通过聆讯的 2 周后完成上市，折价率约 ...

Core Viewpoint - The company, Great Wall Motors, is participating in the 2025 China Rally, showcasing its commitment to using production vehicles in extreme conditions, emphasizing its dedication to quality and innovation in the automotive industry [1][3]. Group 1: Product and Technology - Great Wall Motors is entering the T2 category of the rally with its three major brands: Haval, Tank, and Great Wall Pickup, utilizing production models to validate their technology in challenging terrains [1][3]. - The company has developed a 2.4T diesel engine with a maximum torque of 490N·m and a thermal efficiency of 41%, demonstrating low fuel consumption and high durability in long-distance events [3][4]. - The Hi4-T hybrid architecture allows for a dual power system, with the Tank 500 Hi4-Z featuring a 59.05kWh battery and a pure electric range of 201km, enhancing off-road capabilities significantly [4][6]. Group 2: Strategic Vision and Market Position - Great Wall Motors aims to achieve a global sales target of one million vehicles by 2030, reflecting its ambition to deepen its presence in international markets [9]. - The company has accumulated over 120 billion kilometers of driving data over 35 years, establishing a comprehensive testing system from engine testing to vehicle durability verification [7][9]. - Great Wall Motors has a strong patent portfolio, with 6,888 patents filed and 4,665 granted, indicating its focus on innovation and technology in the automotive sector [7][9].

【导读】兆易创新宣布拟赴港上市，今年以来涨幅超18% 5月20日，"国内存储一哥"兆易创新官宣将赴港上市，拟募资用于增强公司研发能力并持续迭代产品和技术创新、战略及产业等相关投资与并购、全球营 销与业务网络建设等。 今年以来，"A+H"上市掀起热潮，多家A股半导体公司公告拟赴港上市。截至5月20日，兆易创新报收126.15元/股，最新总市值为838亿元，年初至今上涨 18.12%。 数据显示，截至今年一季度末，私募大佬葛卫东仍持有该公司1872.2万股A股股票，期末参考市值为21.88亿元。 兆易创新筹划发行H股 多家半导体行业公司赴港上市 兆易创新在5月20日晚间发布的公告中表示，为深化全球化战略布局，加快海外业务发展，提升公司国际化品牌形象，进一步提升公司核心竞争力，公司 拟发行境外上市外资股（H股）股票并在香港联交所主板挂牌上市。 兆易创新在第五届董事会第三次会议决议公告中透露，公司本次发行H股股票所得的募集资金在扣除发行费用后，将用于增强公司研发能力并持续迭代产 品和技术创新、战略及产业等相关投资与并购、全球营销与业务网络建设及其他事项。 在政策的鼓励和支持下，2024年四季度开始大量A股上市公司寻求 ...

Core Viewpoint - Megvii Technology (002881.SZ) has initiated plans for a public offering of H-shares and aims to list on the Hong Kong Stock Exchange to enhance its global strategy and brand image [1] Group 1: Company Overview - Established in 2007, Megvii Technology specializes in wireless communication modules and IoT solutions, and was listed on the Shenzhen Stock Exchange in 2017 [1] - The company has built a strong customer base, including leading overseas brands, operators, and listed companies, contributing to its ongoing expansion in international markets [1] Group 2: Financial Performance - In 2024, Megvii achieved record revenue of 2.941 billion yuan, a year-on-year increase of 36.98%, and a net profit of approximately 136 million yuan, up 110.16% [2] - The company reported a net profit excluding non-recurring gains of about 127 million yuan, reflecting a significant year-on-year growth of 243.61% [2] - For Q1 2025, Megvii's revenue reached 997 million yuan, a 73.57% increase year-on-year, with net profit soaring to 46.3 million yuan, up 616.02% [2] Group 3: Market Expansion and R&D - The overseas market accounted for approximately 803 million yuan in revenue in 2024, representing a 22.4% increase and 27.3% of total revenue, with a gross margin of 19.49% [1] - The company maintains a strong focus on R&D, with 761 technical staff making up 83.53% of its total workforce of 911 employees as of the end of 2024 [2] - In 2024, Megvii's R&D investment was about 256 million yuan, constituting 8.69% of its revenue, underscoring its commitment to enhancing product and technology competitiveness [3]

每经记者｜孙桐桐 每经实习编辑｜余婷婷 5月20日，宁德时代正式在香港联交所上市，开盘价296港元/股，较发行价涨12.55%，盘中最高涨超18%，晚间收盘报306.2港元/股，涨幅16.43%。宁德时代 最新总市值达1.38万亿港元，成为近年来港股规模最大的IPO之一，也有望成为今年全球最大的IPO。 宁德时代此次香港上市，创下近年上市速度纪录，从2月11日交表到上市，历时仅128天。 此后，随着智能手机全面兴起普及，ATL发展势头更盛，相继成为苹果、vivo、华为、三星手机的电池供应商，并成为全球最大的聚合物电池供应商。2011 年底，曾毓群将ATL的汽车动力部门剥离出来，并以此为基础成立宁德时代新能源科技有限公司（CATL），专注于电动汽车、储能锂离子电池系统的研发 生产。 在他的带领下，短短的10年间，宁德时代超过比亚迪、松下、三星等一系列巨头，成为全球动力电池的龙头老大。2021年5月31日，宁德时代A股总市值首 次突破一万亿元大关，成为创业板首家万亿市值公司。 招股书显示，宁德时代在动力电池方面，2024年全球市占率达37.9%，连续8年全球市占率第一；储能电池2024年的全球市占率则为36.5% ...

Group 1 - The core point of the news is that Zhaoyi Innovation plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and international brand image [1][2] - Zhaoyi Innovation, established in 2016, focuses on the research, technical support, and sales of memory, microcontrollers, and sensors, with significant products in NOR Flash, DRAM, SLC NAND Flash, touch control chips, and fingerprint recognition chips [1] - In 2024, Zhaoyi Innovation reported a revenue of 7.356 billion yuan, a year-on-year increase of 27.69%, and a net profit attributable to shareholders of 1.103 billion yuan, a remarkable year-on-year growth of 584.21% [1] Group 2 - The purpose of the H-share issuance is to deepen the global strategy, accelerate overseas business development, and enhance core competitiveness [2] - The funds raised from the H-share issuance will be used for enhancing R&D capabilities, product and technology innovation, strategic investments, and global marketing network construction [2] - The semiconductor industry is experiencing intensified global competition, particularly in AI and smart automotive sectors, prompting many A-share listed companies to seek dual listings in Hong Kong [2]

Core Viewpoint - Xingji Meizu Group has launched multiple new products aimed at the overseas market, indicating a strong commitment to global expansion and innovation [1] Group 1: Product Launch - The company introduced five new smartphone models, including the MEIZU Mblu and MEIZU Note series, along with innovative products such as the AR smart glasses StarV View and the smart ring StarV Ring2 [1] Group 2: Global Strategy - Since the initiation of its global strategy in early 2024, Xingji Meizu has successfully increased its overseas sales proportion to over 20% within just three months [1] - The company aims to further increase the overseas sales proportion to 50% in the future [1]

智通财经5月19日电，美格智能(002881.SZ)公告，公司拟发行H股股票并在香港联合交易所有限公司主 板挂牌上市，以进一步推进全球化战略，提升国际品牌形象和综合竞争力。 美格智能：筹划发行H股股票并在香港联交所上市 ...

前言 从儿童手中的奥特曼闪卡到巴黎展馆的《卡游三国》，从抖音直播间万人蹲守的拆卡狂欢到全 球TCG赛事体系构建，卡牌早已突破次元壁成为跨越代际的社交货币。在这场以"纸片"为载体 的新经济浪潮中，卡牌企业如何通过IP全球化战略重构商业逻辑？ 一、IP+ 原创 生 态 ： 流量收割，文化赋能 IP 不仅是卡牌吸引用户的核心要素，更是文化价值的放大器。从儿童到成人，从国外 IP 到国 漫原创，如何用 IP 这一文化符号征服玩家？ 顶流 IP 流量 裂变：凭借" IP ×场景×玩法"策略持续破圈 原创授权 IP 通过粉丝的情感连接和认同感，成为卡牌的天然用户基础。例如，卡游不断精准捕 捉大 IP ， 2011 年以迪士尼联名卡撬动儿童市场， 2020 年通过小马宝莉抖音直播营销斩获女 性用户，营销方式逐渐形成"低价引流→限量刺激→直播裂变→二手溢价"的完整闭环。 原创 IP 文化突围 在授权 IP 争夺白热化的市场环境下，自有 IP 正成为卡牌企业的战略护城河。其价值不仅在于 构建差异化品牌认知，更在于掌握文化定义权，探索出一条"文化重构×影游联动×文化出海"的 进阶路径。 文化重构：让历史符号焕发新生 《卡游三国》 ...