【#影石捐资设立探月项目# 提供相机产品及技术支持】11月26日，浙江大学航空航天学院探月微型探 索机器人研制项目捐赠仪式暨样机发布会在浙江大学紫金港校区举行。星奥传媒与影石创新捐资设 立"探月微型探索机器人研制项目"，影石将为项目提供相机产品及相关技术支持。 影石拥有多年航天级影像技术积淀，技术实力已通过多重极端环境验证。2019 年，影石ONE X 相机就 随中国首个可回收火箭升空并记录发射全程，同年年底，专业级全景相机 Pro 2 通过高空氢气球完成国 内首次近太空 8K 全景拍摄；2023 年，影石携手影视飓风发射卫星，全景相机随卫星搭载长征二号丁运 载火箭进入 500 公里近地轨道，成为史上首台太空完全裸露工作的全景相机。（新浪科技） 影石创新联合创始人陈金尧在仪式上表示："影石将把极端环境成像、实时防抖等成熟影像技术应用于 此次项目，助力航天探索，同时，航天场景的苛刻需求也会进一步推动影像技术的迭代。"他强调，影 石始终相信"影像的意义不仅在于记录，更在于拓展人类认知世界的边界"，并期盼未来与浙大深化合 作，共同彰显中国影像技术与航天智慧的价值。 ...

影石拥有多年航天级影像技术积淀，技术实力已通过多重极端环境验证。2019 年，影石ONE X 相机就 随中国首个可回收火箭升空并记录发射全程，同年年底，专业级全景相机 Pro 2 通过高空氢气球完成国 内首次近太空 8K 全景拍摄；2023 年，影石携手影视飓风发射卫星，全景相机随卫星搭载长征二号丁运 载火箭进入 500 公里近地轨道，成为史上首台太空完全裸露工作的全景相机。 责任编辑：何俊熹 新浪科技讯 11月27日晚间消息，11月26日，浙江大学航空航天学院探月微型探索机器人研制项目捐赠 仪式暨样机发布会在浙江大学紫金港校区举行。星奥传媒与影石创新捐资设立"探月微型探索机器人研 制项目"，影石将为项目提供相机产品及相关技术支持。 影石创新联合创始人陈金尧在仪式上表示："影石将把极端环境成像、实时防抖等成熟影像技术应用于 此次项目，助力航天探索，同时，航天场景的苛刻需求也会进一步推动影像技术的迭代。"他强调，影 石始终相信"影像的意义不仅在于记录，更在于拓展人类认知世界的边界"，并期盼未来与浙大深化合 作，共同彰显中国影像技术与航天智慧的价值。 ...

二、请公司补充说明具体业务模式。 三、请公司补充说明境外子公司涉及的境外投资、外汇管理等监管程序具体履行情况，并就合规性出具 结论性意见。 四、请公司补充说明最近12个月内新增股东入股价格的合理性，该等入股价格之间存在差异的原因，并 就是否存在利益输送出具明确结论性意见。 五、请公司补充说明已实施的股权激励方案合规性，包括具体人员构成及任职情况，参与人员与发行人 其他股东、董事、监事、高级管理人员是否存在关联关系，以及价格公允性、协议约定情况、履行决策 程序情况、规范运行情况，并就其是否合法合规、是否存在利益输送出具明确结论性意见。 11月21日，中国证监会公布《境外发行上市备案补充材料要求(2025年11月17日—2025年11月21日)》。 中国证监会国际司公示7家企业补充材料要求，其中，公示提到要求聚芯微电子补充说明具体业务模式 等。据港交所9月29日披露，武汉聚芯微电子股份有限公司(简称：聚芯微电子)向港交所主板提交上市 申请书，海通国际和中信证券为联席保荐人。 六、请公司补充说明本次拟参与"全流通"的股东所持股份是否存在被质押、冻结或其他权利瑕疵的情 形。 中国证监会请聚芯微电子补充说明以下事项，请 ...

智通财经APP获悉，11月21日，中国证监会公布《境外发行上市备案补充材料要求(2025年11月17日— 2025年11月21日)》。中国证监会国际司公示7家企业补充材料要求，其中，公示提到要求聚芯微电子补 充说明具体业务模式等。据港交所9月29日披露，武汉聚芯微电子股份有限公司(简称：聚芯微电子)向 港交所主板提交上市申请书，海通国际和中信证券为联席保荐人。 中国证监会请聚芯微电子补充说明以下事项，请律师核查并出具明确的法律意见： 招股书显示，聚芯微电子是行业领先的智能感知、机器视觉及影像技术解决方案提供商，致力于通过高 性能数模混合信号芯片与优化算法的深度融合，赋能智能设备实现精准感知、卓越影像与智能化升级。 公司的技术围绕智能感知、机器视觉、影像技术三大核心领域，为机器人、物联网、移动智能设备、数 字孪生及汽车电子等高增长场景提供关键驱动力，显着提升交互效率与影像体验。依托领先的智能感知 技术平台，并结合创新的精密驱动技术，公司的解决方案构建了"感知 - 决策 - 执行"闭环的核心能力。 通过多模态传感融合与精准驱动的深度协同，公司致力于赋能智能设备突破复杂环境的感知极限，成为 智能设备创新先锋，引领感 ...

Core Viewpoint - Wuhan Juxin Microelectronics Co., Ltd. (Juxin Micro) has officially submitted its listing application to the Hong Kong Stock Exchange, with Haitong International and CITIC Securities as the sole sponsors [2] Company Overview - Juxin Micro is a leading provider of intelligent perception, machine vision, and imaging technology solutions, focusing on the integration of high-performance mixed-signal chips and optimized algorithms to empower smart devices [2] - The company's technology is centered around three core areas: intelligent perception, machine vision, and imaging technology, providing critical drivers for high-growth scenarios such as robotics, IoT, mobile smart devices, digital twins, and automotive electronics [2] Financial Performance - Revenue for Juxin Micro is projected to be RMB 127.448 million, RMB 242.048 million, RMB 666.580 million, and RMB 400.233 million for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - The adjusted net profit for the same periods is expected to be -RMB 46.993 million, -RMB 25.456 million, RMB 71.072 million, and RMB 33.309 million, indicating a turnaround to profitability in 2024 [4] Customer Concentration - A significant portion of Juxin Micro's revenue comes from a few major clients, with total sales to the top five clients being RMB 1.27 billion, RMB 2.19 billion, RMB 5.21 billion, and RMB 3.27 billion for the respective years [4] - The largest customer accounted for 54.3%, 25.0%, 26.4%, and 28.6% of total revenue during the same periods, highlighting the company's reliance on key customers [4][5] Use of Proceeds - The funds raised from the listing will be used for key technology research and development in intelligent perception, machine vision, and imaging technology to strengthen the company's leading position and accelerate the commercialization of its products [5] - Additional uses include expanding the global sales and service network, promoting products globally, and strengthening relationships with customers, as well as strategic investments and acquisitions for long-term growth [5]

Core Viewpoint - Recent IPO progress has been observed for several companies from Wuhan, including Juxin Microelectronics, which has submitted its prospectus to the Hong Kong Stock Exchange and is backed by major investors like Xiaomi and Huawei [1][4]. Company Overview - Juxin Microelectronics, founded in January 2016, specializes in intelligent perception, machine vision, and imaging technology solutions, operating under a fabless model. The company has raised over 1.1 billion RMB and has a post-investment valuation of approximately 5.3 billion RMB as of June 2025 [4][7]. - The company has a diverse product matrix covering 11 product lines, with 8 products already commercialized and 3 in the design phase [7]. Financial Performance - Revenue growth has been noted, with figures of 127.4 million RMB in 2022, 242.0 million RMB in 2023, and projected revenues of 666.6 million RMB in 2024 [12][14]. - The net profit has shown improvement, transitioning from a loss of 137.2 million RMB in 2022 to a projected profit of 2.1 million RMB in the first half of 2025 [12][14]. - The gross margin has declined from 27.6% in 2022 to 23.3% in the first half of 2025, primarily due to decreasing average selling prices across product lines [16]. Market Position - Juxin Microelectronics holds significant market shares in various segments, ranking third in the global optical sensor market with an 11.2% share, and also ranks third in the global smart audio amplifier market with an 8.3% share [29]. - The company faces intense competition from domestic and international manufacturers, with a noted decline in average selling prices for its main products [2][29]. Product and Technology - The company’s main revenue source is from intelligent perception products, which accounted for 97.3% of total revenue in 2022, although this percentage is projected to decrease to 78.7% by the first half of 2025 [14]. - The product lines include optical sensing, smart audio, and vibration sensing, with significant shipment volumes reported for each category [8][12]. Research and Development - As of June 2025, Juxin Microelectronics has a research and development team comprising 175 employees, representing 60.1% of the total workforce, with R&D expenditures of approximately 99.7 million RMB in 2022 [18]. Customer Base and Supply Chain - The company’s customer base primarily consists of direct sales clients and distributors in the smartphone and electronic device sectors, with a high concentration of revenue from the top five customers [19][20]. - The procurement strategy relies heavily on a few suppliers, with over 90% of purchases coming from the top five suppliers, indicating potential supply chain risks [18].

Core Insights - Realme has launched its flagship GT8 series, including the GT8 Pro and GT8 models, targeting young consumers with advanced technology and performance [1][8] - The GT8 Pro features a custom Ricoh GR imaging system, emphasizing its capabilities as a "street photography tool" [3][4] - The company aims to differentiate itself in a saturated market through innovative design and high-performance specifications [6] Product Features - The GT8 Pro incorporates a 200MP ultra-light telephoto lens and a 50MP ultra-wide-angle lens, enhancing image quality and versatility for photography [4][6] - It utilizes a modular mechanical design, allowing users to customize the camera module into various forms, reflecting a playful and innovative brand identity [6] - The device is powered by the Snapdragon 8 Gen 2 mobile platform, with a 20% increase in CPU single-core performance and a 23% increase in GPU performance compared to the previous generation [6] User Experience Enhancements - The Realme UI 7.0 upgrade includes features for efficient multitasking and AI-assisted composition, catering to the needs of young, tech-savvy users [7] - The GT8 model maintains high performance with the same display and imaging capabilities as the Pro version, appealing to a broader audience [8][10] Pricing and Availability - The GT8 Pro is available in five configurations, with prices ranging from 3999 to 5199 yuan, while the GT8 is priced between 2899 and 4099 yuan, making them competitive in the flagship smartphone market [8][10]

Core Viewpoint - The launch event of Honor's Magic8 series and MagicOS 10 highlighted the advanced imaging capabilities of the Magic8 Pro smartphone, particularly its "Super Night God" telephoto lens, which was compared favorably against the iPhone 17 Pro Max and Xiaomi 15 Ultra [1][5]. Group 1: Product Features - The Magic8 Pro's camera features a 1/1.4 inch large sensor and an f/2.6 ultra-large aperture, designed to enhance low-light photography [8]. - The device utilizes a 1G+5P lens structure and aerospace-grade packaging with IR spin-coating technology, along with fluorite-grade ULD glass lenses and nano-level lens coatings [8][9]. - The AiMAGE Night God engine supports ViT large models with a processing speed of 80 million calculations per second and boasts 1 billion parameters [8][10]. Group 2: Competitive Positioning - Honor's CEO, Li Jian, emphasized the superiority of the Magic8 Pro's night photography capabilities, claiming clearer details, richer colors, and a more vivid viewing experience compared to its competitors [5]. - The "Night God" trademark was introduced after a year of development, positioning Honor's imaging technology as unique in the market, despite competitors using similar branding without trademark protection [6].

Core Viewpoint - JuXinWei has submitted a listing application to the Hong Kong Stock Exchange, with Haitong International and CITIC Securities acting as joint sponsors [1] Company Overview - JuXinWei is a leading provider of intelligent perception, machine vision, and imaging technology solutions, focusing on the deep integration of high-performance analog-digital mixed signal chips and algorithms [2] - The company's core technology revolves around three main areas: intelligent perception, machine vision, and imaging technology, empowering industries such as robotics, IoT, mobile smart devices, digital twins, and automotive electronics [2] - JuXinWei's intelligent perception product series integrates optical sensing, intelligent audio, and vibration sensing technologies, combined with self-developed intelligent algorithms, aimed at enhancing the accuracy, immediacy, and immersion of human-machine interaction [2] - The company offers comprehensive machine vision solutions, including 3D iToF and 3D dToF image sensors, which possess high-precision 3D modeling, material composition analysis, and dynamic environmental understanding capabilities [2] - JuXinWei is one of the few domestic companies with scalable, full-stack ToF sensor solution capabilities [2]

Core Viewpoint - Wuhan Juxin Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Haitong International and CITIC Securities as joint sponsors [1] Company Overview - The company is a leading provider of intelligent perception, machine vision, and imaging technology solutions, focusing on high-performance mixed-signal chips and optimized algorithms to empower smart devices [2][5] - Its technology is centered around three core areas: intelligent perception, machine vision, and imaging technology, providing key drivers for high-growth scenarios such as robotics, IoT, mobile smart devices, digital twins, and automotive electronics [2][5] Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the six months ending June 30, 2025, are projected to be RMB 127 million, RMB 242 million, RMB 667 million, and RMB 400 million respectively [5] - The net profit/loss for the same periods is expected to be -RMB 137 million, -RMB 110 million, RMB 9.73 million, and RMB 20.72 million respectively [5] - Research and development expenses for the years 2022, 2023, 2024, and the six months ending June 30, 2025, are projected to be RMB 997 million, RMB 815 million, RMB 771 million, and RMB 354 million respectively [5] Product Segmentation - The revenue breakdown for intelligent perception products shows a significant increase, with contributions of RMB 124 million (97.3% of revenue) in 2022, RMB 236 million (97.7%) in 2023, and RMB 573 million (86.0%) in 2024 [6] - Machine vision products contributed RMB 9 thousand in 2022, RMB 751 thousand in 2023, and RMB 46 million (7.0%) in 2024 [6] - Imaging technology products generated no revenue in 2022, RMB 11 thousand in 2023, and RMB 46 million (7.0%) in 2024 [6] Growth and Market Demand - The company has experienced continuous growth in sales revenue and volume, with a notable increase in demand for intelligent perception products [7] - The shipment volume rose from approximately 300 million units for the seven months ending July 31, 2024, to 469 million units for the same period in 2025 [7] Use of Proceeds - The funds raised from the listing are intended for key technology R&D in intelligent perception, machine vision, and imaging technology, including team expansion, procurement of services and materials, upgrading R&D technology, and global sales network expansion [5]