Core Viewpoint - A new company, Sichuan Weiyi Yuanzhao Technology Co., Ltd., has been established, focusing on integrated circuit design and sales [1] Company Summary - The legal representative of the company is Du Fei [1] - The business scope includes integrated circuit design, integrated circuit chip design and services, sales of integrated circuit chips and products, and sales of integrated circuits [1] - The company is jointly held by Liu Jiu Yi Er (301592) and others [1]

Group 1: Revenue Forecast - The company expects to achieve an annual revenue of 5 billion to 7 billion yuan in 2025, based on actual conditions [1][4]. Group 2: Stock Performance - As of August 28, 2025, the company's stock price increased by 133.86% compared to July 28, 2025, outperforming most peers and major indices [3][8]. - The closing price on August 28, 2025, was 1587.91 yuan per share, with a rolling price-to-earnings ratio of 5117.75 and a price-to-book ratio of 113.98, significantly higher than the industry averages of 88.97 and 5.95, respectively [9]. Group 3: Product and Supply Chain - The company has no new product release plans, and recent information regarding new products is misleading [5]. - The company operates on a Fabless model, relying on various suppliers, and faces potential risks to supply chain stability due to being listed on an "entity list," which may adversely affect operational performance [6][7].

Core Viewpoint - The company is planning to issue shares and pay cash to acquire the controlling stake in Shanghai Huahong Microelectronics Co., Ltd. to resolve competition issues related to its IPO commitments, while also raising supporting funds [4][6]. Group 1: Suspension of Trading - The company's stock will be suspended from trading starting August 18, 2025, due to the planned acquisition and fundraising activities [4]. - The suspension is expected to last no more than 10 trading days [4]. Group 2: Transaction Details - The acquisition target is the equity corresponding to the assets of Huahong's fifth factory, which operates in the 65/55nm and 40nm sectors, where there is competition with Huahong Semiconductor [6]. - The company is currently in discussions with potential transaction parties, including Shanghai Huahong (Group) Co., Ltd. and various investment funds [7]. - The transaction will involve issuing shares and paying cash to acquire the controlling stake, with specific details to be disclosed in future announcements [8]. Group 3: Intentional Documents - An intention agreement has been signed with Shanghai Huahong (Group) Co., Ltd. regarding the purchase of assets through share issuance and cash payment [9]. - The specific terms of the transaction, including asset valuation and share price, will be determined through negotiations among the parties involved [9].

Core Insights - The "Chip Intelligence AI Acceleration Camp" has officially launched in Shanghai, organized by PuSoft Venture Capital and China Electronics, aiming to connect 20 innovative companies in integrated circuits, artificial intelligence, and data applications with industry leaders for collaboration [1][2] - The acceleration camp facilitates deep visits to China Electronics' member companies in Shanghai and Shenzhen, focusing on technology development, market expansion, project cooperation, and investment opportunities [1][2] - The event also includes project roadshows by several innovative companies, showcasing their advantages and potential to investment institutions like Yuanhe Puhua and Guoxin Zhongshu Investment [1][2] Industry Trends - AI and integrated circuits are highlighted as key areas for technological innovation and capital investment, with experts noting that the investment window for AI applications has arrived [2] - The evolution of AI from generative creation to super artificial intelligence (ASI) is expected to reshape various industries and enhance cloud competitiveness [2] - The acceleration camp aims to support the industrialization of innovative companies by providing a platform for deep connections with industry leaders and capital institutions, fostering collaboration across the industry chain [2] Objectives and Expectations - The core goal of the "Chip Intelligence AI Acceleration Camp" is to promote business collaboration and technological innovation between participating companies and China Electronics' member enterprises [2] - The initiative seeks to identify and empower innovative companies with core technological advantages and breakthrough potential [2]

Core Viewpoint - The company plans to acquire a 94.366% stake in Zhongxin Integrated Circuit (Ningbo) Co., Ltd. through a combination of issuing shares and cash payments, while also raising supporting funds from no more than 35 qualified investors [1] Group 1: Transaction Details - The transaction involves the acquisition of shares from multiple investors, including Ningbo Yongxin Integrated Circuit Equity Investment Co., Ltd. and others [1] - The company will issue shares to raise supporting funds for the acquisition [1] - The transaction is classified as a related party transaction and has undergone independent board review [2][3] Group 2: Investor Protection Measures - The company commits to strict compliance with information disclosure obligations to protect investors, especially minority shareholders [2] - A network voting platform will be provided for shareholders to participate in the decision-making process [4] - The controlling shareholders and actual controllers will voluntarily abstain from voting on the transaction to ensure fairness [4] Group 3: Fair Pricing Assurance - The company will hire qualified auditing and evaluation firms to ensure fair pricing of the acquired assets [3] - Independent directors will provide opinions on the fairness of the asset valuation [3] Group 4: Post-Transaction Integration and Governance - The transaction aims to enhance operational efficiency through deep integration with the target company, focusing on supply chain management and technology development [9] - The company has established a robust governance structure to ensure independent operation and effective management [9][10] - Measures will be implemented to improve operational efficiency and control costs post-transaction [10] Group 5: Profit Distribution and Return Mechanism - The company has outlined a profit distribution policy that aligns with legal requirements and aims to optimize investor returns [10] - Commitments have been made by controlling shareholders and management to ensure that the measures to mitigate the dilution of immediate returns are effectively implemented [11]

Core Viewpoint - The meeting between Shanghai Mayor Gong Zheng and NVIDIA CEO Jensen Huang highlights the importance of collaboration between global tech companies and local enterprises in Shanghai's development as a leading international metropolis [1][4]. Group 1: Shanghai's Economic Development - Shanghai is focusing on becoming a world-class modern socialist metropolis, emphasizing the development of integrated circuits and artificial intelligence as key industries [4]. - The city has established itself as the strongest in China in terms of integrated circuit technology, industry scale, and supply chain completeness [4]. - Shanghai aims to create a market-oriented, law-based, and international business environment to support the growth of various enterprises [4]. Group 2: NVIDIA's Commitment to China - NVIDIA has established a research and development center in Shanghai, indicating the city's significance as a key base for the company [4]. - Jensen Huang emphasized the immense potential of artificial intelligence and the importance of international cooperation for mutual progress and global prosperity [4]. - The Chinese market is crucial for NVIDIA due to its large size and high-quality customer base, with the company having thrived over the past 30 years by focusing on this market [4].

Core Viewpoint - Shanghai is positioning itself as a global influential socialist modern metropolis, focusing on the development of integrated circuits and artificial intelligence as key industries [1] Group 1: Economic Development - Shanghai is recognized as China's economic center, aiming to enhance its global influence through the development of "five centers" [1] - The city has achieved rapid growth in integrated circuits and artificial intelligence, becoming the strongest in comprehensive technology capabilities, largest in industry scale, and most complete in industrial chain within China [1] Group 2: Collaboration Opportunities - Shanghai welcomes global high-tech companies like NVIDIA to seize opportunities in China's vast market and the city's commitment to high-level opening-up [1] - There is an emphasis on gathering global resources and strengthening deep cooperation with local enterprises to foster a promising future in technology development [1] Group 3: Business Environment - Shanghai is committed to creating a first-class business environment characterized by market-oriented, rule-of-law, and international standards to support various enterprises in achieving better growth [1]

Global Market Overview - The global market experienced mixed performance in the past week (March 3-7, 2025), with the US market indices generally declining and broad indices seeing overall valuation contraction, while major indices in Asia-Pacific and Europe mostly rose, indicating valuation expansion [3][10] - The Nasdaq index, Nasdaq 100, and Dow Jones Industrial Average saw significant valuation contractions, with PE ratios decreasing by 1.56x, 1.24x, and 1.11x respectively compared to February 28, 2025 [3][10] A-share Market Valuation - The core broad valuation of A-shares expanded overall, with significant growth in small-cap growth valuations. The PE expansion for the National Index 2000, CSI 1000, and CSI 500 reached 1.70x, 1.29x, and 0.63x respectively [3][19] - As of March 7, 2025, the overall valuation levels of major A-share indices over the past year showed significant expansion, with PE, PB, and PS ratios mostly above the 80th percentile, while PCF ratios were between the 35th and 65th percentiles over the last three years [3][22] Industry and Sector Valuation - The TMT (Technology, Media, and Telecommunications) sector saw valuation increases, with the computer industry rising by 6.74% and the defense and military industry experiencing the largest increase of 6.96% [3][37] - The PE expansion in the TMT sector was notable, with the computer industry seeing a PE increase of 5.17x, while the support services sector experienced valuation contraction [3][37] Emerging Industries - In emerging industries, valuations for artificial intelligence and military groups expanded significantly, with the cloud computing sector showing the largest increase of 6.03% in stock prices, leading to overall valuation expansion [3][3] - The PE expansion for cloud computing, semiconductor, and integrated circuit sectors reached 7.76x, 5.95x, and 3.58x respectively, while the Kimi index saw a PE expansion of 9.69x and the top ten military group index expanded by 5.56x [3][3]

本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科创板公司具有研发投入大、 经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解 科创板市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 广州安凯微电子股份有限公司 Guangzhou Anyka Microelectronics Co., Ltd. （广州市黄埔区博文路 107 号） 首次公开发行股票并在科创板上市 招股说明书 （上会稿） 有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明书作为投资 决定的依据。 （上海市广东路 689 号） 声明：本公司的发行申请尚需经上海证券交易所和中国证监会履行相应程序。本招股说明书不具 保荐机构（主承销商） 广州安凯微电子股份有限公司 招股说明书（上会稿） 声明及承诺 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之 相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后 ...