【导读】盈方微筹划重大资产重组，计划自1月6日开市起停牌 1月5日晚间，盈方微（000670）发布公告称，公司正在筹划以发行股份和/或支付现金相结合的方式，购买资产 并募集配套资金的事项，预计构成重大资产重组。 盈方微计划自1月6日开市起停牌。1月5日收盘，盈方微股价报7.73元/股，涨幅达4.74%，总市值为65.28亿元。 官网显示，上海肖克利成立于2005年10月，是一家面向中国电子行业，基于半导体芯片应用的技术服务供应商 和元器件代理商。 富士德中国是一家综合性解决方案及技术服务供应商，覆盖电子行业的PCBA（印刷电路板组件）、半导体封 装、平板显示等领域。 拟收购三家公司控股权 公告显示，盈方微此次拟收购的标的资产为上海肖克利信息科技股份有限公司（以下简称上海肖克利）、 FIRST TECHNOLOGY CHINA LIMITED（富士德中国有限公司）（以下简称富士德中国）、时擎智能科技（上 海）有限公司（以下简称时擎智能）的控股权。 1月5日，盈方微与上海肖克利、富士德中国、时擎智能的部分股东，分别签订《合作意向书》。 具体来看，上海肖克利的部分股东包括陶涛、程家芸、上海昱跃企业管理中心（有限合伙 ...

全球具身智能大热，市值"跌落神坛"的扫地机器人也讲出新故事了。 投资家网获悉，近日全球扫地机器人行业传来大消息，在A股市场反复挣扎的"扫地机器人一哥"、市值 393亿元石头科技收到了证监会出具的《境外发行上市备案通知书》，意味着，石头科技正式启动港股 IPO征程。若顺利，港交所会诞生"全球扫地机器人第一股"。 提起石头科技，股民及消费者应该不会陌生，在扫地机器人火爆的时代，这家公司格外耀眼，吸引了小 米集团、顺为资本、高榕创投、启明创投等一批"顶流"VC/PE、产业资本入局，并在A股上市。2021年6 月21日，石头科技盘中达到1494.99元/股，创出千亿元市值"神话"，成为A股市场仅次于贵州茅台的第 二只千元股，更被股民亲切的誉为"扫地茅"。 但随着全球风口转移、财务表现"增收不增利"等一系列波折，昔日风光无限的"扫地茅"仿佛"一夜入 冬"，市值缩水到393亿元。昌敬却不认命，继续扩大全球扫地机器人市占率的同时，杀入资本密集聚焦 的具身智能、人形机器人领域，意图让外界重新审视石头科技。 就在本月，石头科技曝出新动作。其具身智能机器人在北京科协纪录片《AI向新力》之《灵动：具身 机器人》中闪亮登场。酝酿一盘 ...

Core Viewpoint - Teslin Technology Co., Ltd. (formerly Chongqing Teslin Technology Co., Ltd.) has submitted a prospectus to the Hong Kong Stock Exchange for a main board listing after two previous failed attempts in 2024 and 2025 [1] Group 1: Company Overview - Founded in 2015, Teslin provides a full-stack AIoT product suite, including software, hardware, and services, through its AioT operating system, TacOS [5] - According to a report by Zhaosheng Consulting, Teslin ranks among the top five public domain AIoT product providers in China based on 2024 revenue [6] Group 2: Financial Performance - Teslin's revenue for the years 2022 to 2025 (first half) was approximately 738 million, 1 billion, 1.843 billion, and 632 million respectively, with a compound annual growth rate (CAGR) of 58% over the past three years [7] - The company reported a net loss of approximately 2.387 billion, 803 million, 2.1 billion, and 574 million for the same periods, indicating it has not yet achieved profitability [8] Group 3: Investment and Valuation - Over nine rounds of financing since its angel round in 2016, Teslin has raised a total of 5.3 billion, with the latest round in May 2025 raising approximately 1.619 billion, leading to a valuation increase from 70 million to 21.691 billion, a growth of about 310 times [11] - Notable investors include SenseTime, JD.com, and various well-known venture capital firms [11] Group 4: Future Plans - The funds raised from the IPO will primarily be used to enhance R&D capabilities, particularly in TacOS, green computing infrastructure, and large model development, as well as to support commercialization and market expansion [12]

Core Viewpoint - Rockchip Electronics Co., Ltd. reported significant growth in its financial performance for the first half of 2025, with a notable increase in revenue and net profit, driven by strong demand in the AIoT sector and advancements in chip technology [2][3][10]. Company Overview and Financial Indicators - The company achieved operating revenue of approximately 2.05 billion yuan, representing a 63.85% increase compared to the same period last year [2][3]. - Total profit reached approximately 579.62 million yuan, marking a 218.92% increase year-on-year [2][3]. - The net profit attributable to shareholders was approximately 531.15 million yuan, up 190.61% from the previous year [2][3]. - The company's total assets increased by 17.44% to approximately 5.01 billion yuan, while net assets rose by 11.58% to approximately 3.96 billion yuan [2][3]. Industry Context - The global semiconductor market is projected to reach 700.9 billion USD in 2025, with an 11.2% year-on-year growth, driven by strong demand for logic and memory chips [3][10]. - The domestic semiconductor industry also shows positive growth, with integrated circuit production increasing by 15.8% year-on-year in the first half of 2025 [3][10]. - The Chinese integrated circuit design revenue for the first half of 2025 was approximately 202.2 billion yuan, reflecting an 18.8% increase year-on-year [3][10]. Business Model and Market Position - The company operates as a leading AIoT chip design enterprise, focusing on the design, research, and sales of smart application processors (SoC) and related chips [3][10]. - Rockchip employs a Fabless model, concentrating resources on chip design and innovation while outsourcing manufacturing and testing [3][10]. - The company has established itself as a leader in the AIoT SoC market, recognized as a high-tech enterprise and a national enterprise technology center [3][10]. Product Development and Innovation - The company launched the RK182X series of co-processors, designed to support edge AI model deployment, enhancing performance and efficiency for various applications [3][10]. - Rockchip's product offerings include a wide range of smart application processors and mixed-signal chips, catering to diverse sectors such as automotive electronics, industrial applications, and consumer electronics [3][10]. - The company is actively developing next-generation chips to support larger parameter levels for edge models, aiming to provide flexible and rich solution options for customers [3][10]. Competitive Advantages - Rockchip maintains a strong focus on IP chip development, continuously iterating its core IP to build a leading technological advantage [3][10]. - The company has a robust patent portfolio, with a total of 1,337 patent applications, including 1,279 invention patents [3][10]. - The diverse product line and extensive customer base enable the company to adapt quickly to market demands and enhance its competitive edge [3][10].

Group 1: Retail and Exhibition Industry in Guangzhou - Guangzhou's total retail sales of social consumer goods reached 291.27 billion yuan, with a year-on-year growth of 3.5% [1] - The number of economic and trade exhibitions held in Guangzhou's professional exhibition venues reached 60, marking a year-on-year increase of 36.4%, with an exhibition area of 2.402 million square meters, up 14.2% [1] - The cumulative number of exhibitors and visitors reached 2.484 million, reflecting a year-on-year growth of 9.3% [1] Group 2: Miniso's Strategic Initiatives - Miniso is focusing on transforming into quality retail and enhancing interest consumption, with 2025 marking the second year of this transition [1] - The company has launched over 90 new IP events this year, including collaborations with major franchises like Harry Potter and "Black Myth: Wukong" [1] - Miniso has established a robust supply chain with over 1,400 quality suppliers globally, with approximately 50% of suppliers located in the Pearl River Delta [1] Group 3: SHEIN's Innovations in Fashion Industry - SHEIN's innovation research center in Panyu integrates cutting-edge technology exploration, quality testing, and supply chain training [2] - The company is promoting digital and green upgrades in the fashion industry, with nearly 80% of its green electricity usage coming from rooftop solar projects [2] - SHEIN is committed to driving carbon reduction through technology innovation and sustainable practices across the product lifecycle [2] Group 4: Exhibition Growth in Guangzhou - In 2024, Guangzhou's exhibition industry is expected to reach a new scale with 358 exhibitions and an exhibition area of 11.86 million square meters, reflecting an 8.9% growth [3] - The number of attendees for exhibitions is projected to reach 23.13 million, a significant increase of 30.7% [3] - Guangzhou's conference industry is also growing, with 6,406 meetings expected to be held, marking a 13.7% increase in participation [3]

Core Viewpoint - Meigao Group has completed an investment of 50 million RMB in AIoT company Teslian, aiming to leverage AI technology to enhance its software and hardware product development and achieve synergies between IT and AI businesses [1][5] Group 1: Investment Details - The investment in Teslian follows its completion of a 2 billion RMB Series D financing round, where Meigao was one of several investors [1][4] - Teslian's Series D financing was led by AL Capital and Yangming Equity Investment Fund, with participation from various other investors, indicating strong market confidence in Teslian's technology and business model [1][4] Group 2: Company Background - Teslian, established in 2015, specializes in AIoT with its TacOS operating system, providing a full-stack AIoT product suite to various sectors [2][4] - The company has deployed its products across over 700 clients in 136 cities globally, including markets in China, UAE, Singapore, and Australia [2][4] Group 3: Strategic Implications - The investment is expected to enhance Teslian's cash flow and support its international market expansion, leveraging Meigao's international team based in Hong Kong [1][5] - Teslian aims to become the first large-scale profitable AI company in China, and the partnership with Meigao may accelerate its progress towards this goal [4][5] Group 4: Meigao's AI Strategy - Meigao, a leading player in Hong Kong's IT infrastructure sector, has been increasing its investments in AI solutions and infrastructure development [5][6] - The company has established subsidiaries in Shanghai to further its AI strategy and has engaged in strategic partnerships with other AI firms to enhance its market presence [5][6]

Core Viewpoint - The company, Rockchip Electronics Co., Ltd., reported significant growth in revenue and net profit for the year 2024, indicating strong performance in the AIoT market and a robust business model in the semiconductor industry. Group 1: Financial Performance - The company achieved operating revenue of 3,136,370,678.42 yuan, representing a year-on-year increase of 46.94% [21] - The net profit attributable to shareholders reached 594,862,210.27 yuan, marking a substantial year-on-year growth of 341.01% [21] - The total cash dividend proposed for 2024 is 377,011,440.90 yuan, which accounts for 63.38% of the net profit attributable to shareholders [4] Group 2: Industry Overview - The company operates in the integrated circuit design sector, classified under the computer, communication, and other electronic equipment manufacturing industry [5] - The integrated circuit industry is characterized by high technical and capital intensity, strong policy-driven development, and collaborative innovation across the entire industry chain [5] - Recent government policies aim to enhance the competitiveness of the domestic integrated circuit industry, focusing on tax incentives and support for emerging technologies [6][7] Group 3: Company Position and Business Model - The company is recognized as a leader in AIoT SoC chip design in China, with over 20 years of experience in integrated circuit design [8] - The company employs a Fabless business model, concentrating on chip design and innovation while outsourcing manufacturing and testing [13] - The main products include general-purpose smart application processors and mixed-signal chips, widely used across various AIoT applications [14][19] Group 4: Product Offerings - The company’s smart application processors include both AI-enabled and general-purpose chips, catering to diverse market needs [15][18] - The AI application processors feature built-in NPU capabilities, enhancing performance for AI tasks with varying computational power [16] - The mixed-signal chips include power management, interface conversion, and wireless connection chips, complementing the smart application processors [19] Group 5: Awards and Recognition - The company received multiple awards, including recognition in the AspenCore 2024 China IC Design Fabless 100 and various technology innovation awards [9][10][11][12]

本次发行股票拟在科创板上市，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 保荐人（主承销商） （上海市广东路 689 号） 广州安凯微电子股份有限公司 招股说明书 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，均不表明其对发行 人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，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 发行人及全体董事、监事、高级管理人员承诺招股说明书及其他信息披露 ...

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 招股意向书 保荐人（主承销商） （上海市广东路 689 号） 本次发行股票拟在科创板上市，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 广州安凯微电子股份有限公司 招股意向书 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，均不表明其对发行 人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，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 发行人及全体董事、监事、高级管理人员承诺招股意向书及其他信息披露 ...