2025年12月24日，芯和半导体科技（上海）股份有限公司（下称"芯和半导体"）IPO辅导工作正式完 成，中信证券出具报告确认其已具备上市所需的治理架构与合规能力，标志着这家国产EDA领军企业 正式进入上市冲刺阶段。 业绩方面，芯和半导体在2024年实现营业收入2.65亿元，较2023年1.06亿元的营收翻倍有余，净利润达 4812.82万元，较2023年扭亏为盈，展现出强劲的成长性和盈利能力。这一成绩的取得，得益于公司在 5G通信、智能手机、物联网、人工智能和数据中心等领域的广泛应用，以及其全栈EDA解决方案的市 场认可度持续提升。 其实芯和半导体今年的资本运作节奏非常密集。公司于今年2月7日刚刚启动A股IPO辅导备案，一个月 后国内EDA领军企业华大九天便发布公告，筹划发行股份及支付现金收购芯和半导体资产。 芯和半导体的核心产品覆盖芯片、封装、模组、PCB板级、互连到整机系统的全链条，支持Chiplet（芯 粒）先进封装技术，为高速高频智能电子产品设计提供关键工具链。其自主研发的3DIC Chiplet先进封 装仿真平台Metis，更是在2025年9月的中国国际工业博览会上斩获CIIF大奖，成为国产EDA ...

万元天使轮融资！这笔钱由行业里经验丰富的投资机构领投，还有多家知名产业资本跟着加入。对金中 德科技来说，这可不是一笔普通的资金，更是企业发展的 近日，湖北省金中德科技机械设备有限责任公司（下称 "金中德科技"）传来好消息 —— 顺利拿到 3000 作为一家专注科技创新的高新技术企业，金中德科技从 2017 年成立起，就抱着 "打破国外技术垄断， 让国产装备更给力" 的目标，在定制化自动化机器和新材料加工设备领域默默深耕。通过自己研发的核 心技术，公司已经造出了不少实用的高端设备：比如能生产全生物降解、遇水就能溶解材料的机器，给 光伏太阳能板做复合材料的设备，还有能应对高温的气凝胶隔离材料复合设备。这些设备填补了国内不 少技术空白，也让咱们国家的新材料产业不用再过度依赖进口设备。在业务布局上，金中德科技的产品 早就融入了我们生活和工业的方方面面。常规产品里，有给肉食保鲜的包装设备、做防水卷材的机器、 日常用的拉伸膜生产线；针对 5G 通信、新能源汽车、航空航天这些高端领域，还能定制专属设备；更 厉害的是，公司研发的核心软件和电气设备，正在慢慢替代原来依赖国外的核心控制部件，让国产装备 更有底气。除此之外，公司还 ...

大家好，我是佩妮～ 今天是个好日子！撒花 除了 Manus 被 Meta 收购，其实 AI 行业还有个大事件，就是 大模型公司智谱华章，在港交所开始申购 了，预计在1月8日在港交所主板上市。 以每股 116.2 港币发行价计算，这次的募资总额预计达到 43 亿港币，市值超过 511 亿港币 （约 460 亿RMB 左右）。 | 以每股 | 116.2 港币发行价计算，这次的募资总额预计达到 | 43 亿港币，市值超过 | 511 亿港币 | （约 | 460 亿RMB 左右）。 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | （也是好消息，和Manus撞上了有点生不逢时，堪称 | AI 界汪峰……） | | | | | | | | AI 行业的朋友，前阵肯定都会刷到 | MiniMax 这两家明星公司，通过港交所聆讯的消息。 | 只要关注 | 智谱 | 和 | 前阵子还老有人猜谁会是第一股（智谱是 | 19 号披露的招股书，minimax 晚了两天），现在不用猜了，花落智谱，不愧是 | "AI 国家队" 。 | | IPO 都喜欢叫自己 | ...

每日经济新闻 （责任编辑：董萍萍 ） 【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 从估值方面来看，截至12月29日收盘，化工ETF（516020）标的指数细分化工指数市净率为2.57 倍，位于近10年来49.51%分位点的相对合理位置，具备中长期配置性价比。 光大证券指出，基础化工行业2025年涨幅靠前，新材料需求强劲，AI、OLED、机器人等新兴应用 领域高景气，带动光刻胶等核心材料需求扩张与国产替代加速。行业呈现"上半年弱势震荡，中期反 弹，后期结构性活跃"走势，锂电材料等细分板块受益供需改善显著上涨。宏观经济修复下，化工行业 筑底回升，农化、MDI等板块韧性较强，钛白粉、锂电材料盈利修复预期明确。 公开资料显示，化工ETF（516020）及其联接基金（012537）跟踪中证细分化工产业主题指数，全 面覆盖化工各个细分领域。其中近5成仓位集中于大市值龙头股，包括万华化学、盐湖股份等，分享强 者恒强 ...

12月29日晚，中芯国际发布收购草案，公司拟以发行股份购买中芯北方49%股权，交易价格最终定为 406.01亿元。 草案显示，中芯国际计划以74.20元/股的价格，合计发行约5.47亿股股份，占发行后公司总股本的 6.40%。交易方包含国家集成电路基金、集成电路投资中心、亦庄国投、中关村发展、北京工投共五位 股东。 盈利方面，中芯北方表现也较为亮眼。2023年至2025年1-8月，实现营业收入分别为115.76亿元、129.79 亿元及90.12亿元；同期净利润分别为5.85亿元、16.82亿元及15.44亿元。截止8月底，中芯北方100%股 权的评估值为828.59亿元，较其账面净资产增值410.51亿元，增值率98.19%。 值得一提的是，在披露收购草案的同时，中芯国际还发布了一则增资公告。中芯控股与国家集成电路基 金、国家集成电路基金二期等订立新合资合同及新增资扩股协议：将引入大基金三期、先导集成电路基 金等作为中芯南方新的投资方，中芯南方将获得77.78亿美元的现金注资。 据悉，作为中芯国际先进工艺的核心运营平台，中芯南方主要提供14nm FinFET及以下的技术工艺。中 芯国际表示，此次增资有利于降 ...

Core Viewpoint - Guangzhou Huigu New Materials Technology Co., Ltd. has successfully completed all review procedures for its IPO on the ChiNext board, with registration effective on December 24 [1][3] Group 1: IPO Process - Huigu New Materials submitted its IPO application in June and received acceptance, completing the IPO inquiry and passing the listing committee review within six months [3] - The company submitted its registration on December 11, marking the final step in the IPO process [3] Group 2: Company Overview - Huigu New Materials specializes in polymer materials, focusing on functional coating materials driven by independent research and development [3] - The company holds over 60% market share in energy-saving coating materials for heat exchangers and over 30% in metal packaging aluminum cap coating materials in the domestic market [3] - It is one of the few domestic suppliers achieving localization in fluid coating materials and Mini LED optical coating materials [3] Group 3: Future Plans - The company aims to leverage its IPO to enhance its dual technology platforms in functional resins and coating materials, solidifying its leading position in niche markets [3] - Huigu New Materials plans to accelerate market expansion in new energy and electronics sectors, promoting the localization of fluid coating materials and Mini LED optical coating products [3] Group 4: Fundraising Details - The IPO plans to publicly issue no more than 15.7791 million shares, with raised funds primarily allocated for an annual production expansion project of 130,000 tons of environmentally friendly coatings and resins, a research and development center project, and production line technology renovation projects [3]

"叮……"，12月30日9时25分，随着深圳证券交易所（以下简称深交所）一阵清脆的钟声，内蒙古双欣 环保材料股份有限公司（以下简称双欣环保）成功登陆深交所主板，成为内蒙古2025年第四家上市企 业。至此，2025年内蒙古新增企业上市闯入全国前十，为资本市场高质量发展注入强劲动能。 作为国内聚乙烯醇（PVA）行业三大龙头企业之一、国内聚乙烯醇行业首家民营企业，双欣环保此次上 市备受市场瞩目。企业申购代码001369，定价每股6.85元，共募集资金19.66亿元。 双欣环保在深交所鸣钟上市。 双欣环保于2009年在鄂尔多斯成立，注册资本8.6亿元。双欣环保依靠科技创新在化工新材料的全球赛 道上竞逐，成为推动中国化工新材料产业崛起的强劲力量。目前，公司已拥有完整的"石灰石-电石-醋 酸乙烯-聚乙烯醇-聚乙烯醇特种纤维等下游产品"循环经济产业链，累计获得授权专利260余项，通过内 蒙古科技成果鉴定19项，部分聚乙烯醇产品实现了进口替代，为我国聚乙烯醇乃至化工新材料行业的发 展做出了积极贡献。 刚刚参加完上市启动仪式的双欣环保董事长张飞雄说，公司将利用本次募集资金进一步提升创新能力， 提高公司PVB功能性膜、水基型胶粘 ...

Core Viewpoint - The article discusses the contrasting situations of two semiconductor companies, Anshi Semiconductor and Ruineng Semiconductor, highlighting Ruineng's advantages in supply chain control and market position following its acquisition by Chinese investors [2][10]. Group 1: Company Background - Ruineng Semiconductor was established in 2015, inheriting the bipolar power device business from NXP, with a registered capital of $130 million [3]. - NXP fully exited its stake in Ruineng in 2019, making it a wholly Chinese-owned enterprise [3]. - The company has a legacy of 55 years in technology and quality systems, tracing back to Philips Semiconductor [5]. Group 2: Market Position and Product Line - Ruineng Semiconductor has become the global leader in the thyristor market, achieving a market share of 21.8% globally and 36.2% in China for thyristors in 2019 [8]. - The product line includes thyristors, power diodes, IGBTs, silicon MOSFETs, and silicon carbide (SiC) devices, serving sectors like consumer electronics, communications, new energy, and automotive [6]. - The company has made significant advancements in SiC technology, launching its first 650V SiC diode in 2016 and expanding its production capabilities [8]. Group 3: Financial Performance - Ruineng's revenue grew from 588 million yuan in 2019 to over 1 billion yuan in 2022, despite recent external challenges [9]. - In the first half of 2025, the company reported a revenue of 441 million yuan, with a net profit of approximately 30.32 million yuan and a gross margin of 27.77% [9]. Group 4: Supply Chain and Strategic Advantages - Ruineng Semiconductor operates under a fully controlled supply chain model, enhancing its resilience against geopolitical risks and trade conflicts [15]. - The company has established a comprehensive domestic supply chain, including wafer fabrication plants in Jilin and Beijing, and a research center in Shanghai [11][14]. - The firm emphasizes its unique position as the only domestic manufacturer using planar technology for thyristors, which offers advantages in reliability and performance [14]. Group 5: Future Outlook - The company is expected to maintain profitability despite industry fluctuations, with a focus on stabilizing its management and governance structure [15]. - Ruineng aims to combine stable thyristor sales with growth in SiC devices, potentially enhancing its market value in the coming years [15].

Group 1 - The A-share market saw all three major indices turn positive, with the Kweichow Moutai ETF (588000) experiencing a maximum increase of 1.55% in the afternoon session [1] - The semiconductor industry chain was notably active, with stocks such as Cambricon Technologies rising by 5.41%, Chipone Technology by 4.56%, and others showing significant gains [1] - SMIC announced plans to issue 547 million shares to acquire 49% equity in SMIC North, with a transaction value of 40.601 billion yuan, resulting in SMIC owning 100% of SMIC North post-transaction [1] Group 2 - The Kweichow Moutai ETF (588000) tracks the Sci-Tech 50 Index, with 69.39% of its holdings in the electronics sector and 4.88% in the computer sector, aligning well with the development of cutting-edge industries like AI and robotics [2] - The ETF also covers various sub-sectors including semiconductors, medical devices, software development, and photovoltaic equipment, indicating a strong focus on high-tech industries [2]

Group 1: Policy and Industry Dynamics - The Shanghai Stock Exchange released guidelines to expand the fifth listing standard for commercial rocket companies on the Sci-Tech Innovation Board, aiming to support the innovation and development of the commercial aerospace sector [1][17] - The guidelines consist of 14 articles detailing requirements related to business scope, "hard technology" attributes, and standards for commercial rocket enterprises, providing targeted support for high-quality companies without significant revenue [1][17] - Several rocket companies have recently submitted IPO counseling records, indicating a growing interest in capital market participation [1][17] Group 2: Market Overview and Trends - The commercial rocket industry is at a critical stage of large-scale commercialization, necessitating further support from the capital market [2][18] - The Sci-Tech Innovation Board focuses on hard technology, including sectors like electronic chips, emerging software, and new information technology services, reflecting the rise of advanced manufacturing in China [2][18] - Recent trends show a rebound in the Sci-Tech Innovation Board, particularly in sectors such as chips, information technology, and new materials [3][19] Group 3: Sector Performance - The top five industries on the Sci-Tech Innovation Board are electronics, biomedicine, power equipment, computers, and machinery, collectively accounting for 88.2% of the board's market capitalization [4][20] - The semiconductor sector has seen significant interest, with a notable rebound in chip stocks driven by demand for AI computing infrastructure [21] - The high-end equipment manufacturing sector is experiencing growth, with a 15.4% year-on-year increase in engineering machinery import and export trade, reflecting a recovery in overseas demand [22] Group 4: Investment Opportunities - The AI computing demand is expected to surge, with continued capital investment from cloud vendors driving high demand for advanced chips [21] - The domestic engineering machinery update cycle is starting, supported by favorable policies in real estate and infrastructure [22] - The pharmaceutical sector remains active, with multiple innovative drugs and medical devices receiving approvals, indicating a robust pipeline for growth [23]