1 月 8 日，上海本土 AI 芯片企业天数智芯（09903.HK）正式登陆港交所，成为继沐曦股份（688802.SH）、壁仞科技（06082.HK）之后，短短一个月内上 海第三家成功上市的 AI 芯片企业。加上已完成 IPO 辅导、冲刺科创板的燧原科技，上海 GPU "四小龙" 已全面齐聚资本市场，奏响本土算力芯片产业发展 的强音。 一月三股！上海 AI 芯片企业密集登陆资本市场 此次天数智芯的上市，为上海 AI 芯片产业资本市场版图再添重要一员。回溯近期动态，上海 AI 芯片企业上市节奏显著加快： 天数智芯战略与公共关系部副总裁余雪松表示，当前 AI 技术革命驱动算力需求爆发式增长，为企业带来广阔发展空间。作为国内首家开展通用 GPU 自主 研发的企业，天数智芯已实现从核心技术攻关到商业化落地的全链路贯通，其研发团队实力尤为亮眼 ——480 人的团队平均拥有 20 年以上行业经验，超三 分之一研发人员具备 10 年以上芯片设计与软件开发经验，覆盖架构、通用 GPU IP、芯片设计、基础软件、软硬件协同等全领域。 产业根基深厚：2025 年营收预计超 4600 亿，五年规模翻倍 上海 GPU 企业的密集崛起 ...

Core Viewpoint - The article highlights the rapid growth and success of Shanghai's AI chip industry, particularly with the recent IPO of TianShu ZhiXin, marking a significant milestone for the local semiconductor sector and showcasing the emergence of several key players in the GPU market [3][5]. Group 1: Industry Growth and Performance - Shanghai's integrated circuit industry achieved a revenue of 391.2 billion yuan from January to November 2025, reflecting a year-on-year growth of 23.72%. The total industry scale is expected to exceed 460 billion yuan for the entire year, marking a 24% increase [3]. - The city has over 1,200 integrated circuit companies, accounting for approximately 40% of the national talent and nearly 50% of the industry's innovation resources [3][7]. - The integrated circuit sector is recognized as one of Shanghai's three key industries, with a complete industrial chain and a focus on innovation and talent development [7][8]. Group 2: Key Players and Innovations - TianShu ZhiXin is noted as the first domestic company to independently develop general-purpose GPUs, completing the entire process from core technology development to commercialization [3][4]. - The article mentions the "Four Little Dragons" of Shanghai's GPU sector: BiRan Technology, MuXi Co., TianShu ZhiXin, and SuiYuan Technology, all of which have made significant strides in the capital market [3][5]. - The city has established a comprehensive integrated circuit industry chain, including design, manufacturing, packaging, and testing, with 35 companies listed on the Science and Technology Innovation Board, leading the nation [7].

智通财经记者 俞凯 此外，繁荣支撑的创新生态加速完善。上海已集聚超1200家集成电路企业，汇聚全国约40%的产业人 才、近50%的产业创新资源，制定实施了体系化的集成电路产业发展支持政策，加快关键核心技术攻关 及产业共性技术平台建设；培育"一体两翼"的产业空间布局，建成集成电路设计产业园、智能传感器产 业园、东方芯港、上海电子化学品专区等5个集成电路特色产业园区；持续优化营商环境，加大人才、 金融和产业政策支持，积极开展国际合作，搭建全球交流共享平台。 五年来，上海培育打造国产AI芯片战略阵队，扶持推动多技术路线AI芯片齐头并发。上海GPU芯片"四 小龙"（壁仞、沐曦、天数、燧原），2家已上市、1家马上上市、1家正在申报上市过程中，光计算、近 存计算等创新路线AI芯片企业蓬勃涌现，支撑国内大模型等新质生产力发展。 上海市经信委表示，面向"十五五"，上海将保持战略定力，继续当好"排头兵"和"先行者"，进一步聚焦 全产业链创新突破，加快龙头企业培育、高层次人才引育、全周期服务保障等，持续完善产业创新发展 生态体系，加快打造世界级集成电路产业集群。 上海集成电路产业发展"成绩单"出炉。 1月6日，智通财经（www. ...

Core Viewpoint - The Shenzhen Stock Exchange has accepted the IPO application of Guangdong Yuxin Semiconductor Technology Co., Ltd. (referred to as "Yuxin Semiconductor") for the ChiNext board, aiming to raise 7.5 billion yuan to support its main business in 12-inch integrated circuit manufacturing [1][2] Group 1: Company Overview - Yuxin Semiconductor is the first 12-inch wafer manufacturing enterprise in Guangdong Province to achieve mass production, focusing on analog chip manufacturing [1] - The company has obtained a total of 681 authorized patents, including 312 invention patents, as of June 30, 2025 [1] - The technology platform is centered around analog and mixed-signal chips for applications in sensing, transmission, computing, storage, control, and display [1] Group 2: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 was 1.545 billion yuan, 1.044 billion yuan, 1.681 billion yuan, and 1.053 billion yuan respectively [1] - Revenue for 2024 is projected to grow by over 61% compared to 2023, indicating a significant enhancement in the company's operational capabilities [1] Group 3: Fundraising and Future Plans - Yuxin Semiconductor plans to use the 7.5 billion yuan raised for projects including the third phase of its 12-inch integrated circuit analog specialty process production line, technology platform R&D, and working capital [2] - The company currently operates two 12-inch wafer factories with a combined planned capacity of 80,000 wafers per month, achieving a capacity of 52,000 wafers per month by mid-2025 [2] - A new production line with a planned capacity of 40,000 wafers per month is set to be established, which will increase the total planned capacity to 120,000 wafers per month [2]

近日，中国银行间市场交易商协会发布《关于优化并购票据相关工作机制的通知》，进一步拓宽企业并 购重组融资渠道，提升银行间债券市场服务实体经济质效。2025年12月12日，建设银行上海分行作为主 承销商成功助力上海电气集团股份有限公司科技创新债发行，并积极参与通知出台后的全国首批、上海 市首单并购票据落地。 未来，建行上海市分行将紧跟交易商协会政策导向，高效衔接企业并购资金需求与资本市场融资功能， 引导市场资金精准流向产业整合关键环节，为上海打造上市公司并购重组先行区、深化国际金融中心建 设注入持续金融动力。 近日，中国银行间市场交易商协会发布《关于优化并购票据相关工作机制的通知》，进一步拓宽企业并 购重组融资渠道，提升银行间债券市场服务实体经济质效。2025年12月12日，建设银行上海分行作为主 承销商成功助力上海电气集团股份有限公司科技创新债发行，并积极参与通知出台后的全国首批、上海 市首单并购票据落地。 自2025年以来，建行上海市分行深度践行"商投行一体化"战略，快速响应上海市人民政府发布的《上海 市支持上市公司并购重组行动方案（2025—2027年）》，围绕上海地区并购市场创新发布《携手同行• 共创未来 ...

点击免费限量礼盒 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我 们的推送。 工欲善其事，必先利其器。从深空探测的星际遥望到微观世界的原子探秘，从生物医药的精准 检测到新材料的研发突破，每一项科技成果的背后，都离不开科学仪器的坚实支撑。中国科研 人正以"实干见物"的精神，书写着属于这个时代的"新天工开物"。 近日，一场属于中国科学仪器的"成果秀"在国家科技传播中心拉开帷幕，3项经中国仪器仪表 学会推荐的创新成果集中亮相。 "我国的科学仪器，从零基础到跟踪模仿，到现在部分高端仪器达到与国际并跑的水平，经历 了艰难历程。"中国科学院院士、发展中国家科学院院士高鸿钧说，"近年来我国科学仪器与国 际顶尖水平差距越来越小，追赶的速度非常令人鼓舞。" 太空 生命科学仪 器 打造空间生命研究的"中国平台" 在我国空间站问天实验舱的静谧空间内，水稻抽穗、鱼儿游弋、细胞增殖……在地球上司空见 惯的这些生命图景，之所以能在太空实现，离不开太空生命科学实验系统的支撑。 作为人类探索生命与宇宙奥秘的前沿领域，空间生命科学聚焦3大方向：探究生命起源、验证 地球生物太空生存可行 ...

天眼查显示，上海东方芯港集成电路有限公司于2025年11月24日正式注册成立，注册资本达392.15亿元，法定代表人诶张继志，注册地址位 于中国（上海）自由贸易试验区临港新片区申港大道1号。 | 历史工商信息0 工商信息 | | | | | | 미 물出 | | --- | --- | --- | --- | --- | --- | --- | | 企业名称 | 上海东方心港集成电路有限公司 | | | | | | | 法定代表人 | 张 张继志 | 登记状态 2 | 存续 | 天眼評分 2 | 99 % | | | | | 成立日期 | 2025-11-24 | | | | | 统一社会信用代码 ⑦ | 91310000MAK1K1JG81 | 注册资本 (2 | 3921500万人民币 | 实教育本 | | | | 工商注册号 | 310142001230046 | 纳税人识别号 ② | 91310000MAK1K1JG81 | 组织机构代码 ② | MAK1K1JG-8 | | | 菅业期限 | 2025-11-24 至 元固定期限 | 纳税人资质 | | 核准日期 | | | | 企业类型 | 有限责 ...

Core Insights - The event held on November 19 in Wuxi focused on high-quality development paths for the integrated circuit industry, emphasizing collaboration and resource sharing among key players in the sector [1][4] - Jiangsu's integrated circuit industry has maintained its position as the largest in China, with Wuxi, Nanjing, Suzhou, and Nantong forming differentiated industrial clusters [2] Industry Performance - In the first three quarters of this year, China's integrated circuit production reached 381.9 billion units, an increase of 8.6%, while exports totaled 265.3 billion units, growing by 20.3% [2] - The integrated circuit sector is the largest in terms of import and export for Jiangsu province, highlighting its significance in the national economy [2] Investment and Development - Six key integrated circuit projects were signed at the event, with a total investment of 2.6 billion yuan, covering semiconductor equipment, materials, and components [3] - Wuxi has established a complete industrial chain encompassing design, manufacturing, testing, and materials, with over 600 companies contributing to a revenue of 114.5 billion yuan in core sectors [2][3] Future Focus - Wuxi aims to address critical weak links in the industry, such as photolithography and electronic measurement equipment, while advancing cutting-edge technologies like Chiplet and HBM [2] - The event facilitated a platform for effective communication and collaboration among integrated circuit enterprises, promoting deep integration of industry, academia, and research [4]

Core Viewpoint - The "14th Five-Year Plan" period is crucial for Fengcai Technology to achieve strategic leaps and industrial upgrades, transitioning from a specialized enterprise to an internationally leading motor drive control chip company [2] Group 1: Company Development - Fengcai Technology has deepened its technological moat, strategically restructured its business, and upgraded its capital platform over the past five years [2] - The company has become the first semiconductor enterprise to achieve dual listing on the A-share Sci-Tech Innovation Board and H-shares [2] - R&D investment has a compound annual growth rate of over 20% during the "14th Five-Year Plan" period, with multiple core technology indicators leading internationally [3] Group 2: Market Position and Strategy - The company is actively expanding into high-end fields such as automotive electronics, industrial servos, and robotics, with automotive-grade chips already in mass production and recognized by several Tier 1 suppliers [3] - Fengcai Technology has established a stable dividend mechanism, with cumulative cash dividends exceeding 30% of net profit since its listing, sharing growth with investors [3] - The company plans to introduce top international talent and build a world-class R&D center for motor drive control chips, aiming to overcome key technological challenges [3] Group 3: Future Outlook - Fengcai Technology will explore domestic and international acquisition opportunities leveraging its A+H share capital platform, striving to become a leader in the motor drive control chip and control system industry [3]

Core Viewpoint - Hengkun New Materials Technology Co., Ltd. successfully listed on the Sci-Tech Innovation Board, with an IPO price of 14.99 yuan per share, opening with a surge of 287%, and reaching a market value of over 28 billion yuan, making it the largest IPO in Xiamen this year [4][5]. Company Background - The company is led by 54-year-old entrepreneur Yi Rongkun, who started his career in 1996 and founded Hengkun New Materials in 2004, becoming one of the few domestic suppliers of key materials for integrated circuits, breaking the foreign monopoly on 12-inch integrated circuit materials [5][6]. - Yi Rongkun transitioned from a manufacturing model reliant on foreign orders to focusing on key materials for integrated circuits, particularly photolithography materials, which are crucial for chip precision and yield [6][8]. Business Development - Hengkun New Materials faced significant challenges, including a debt of nearly 30 million yuan and personal liabilities exceeding 100 million yuan, before securing an order from Intel in 2017, marking a turning point for the company [7][8]. - The company has since established a stable supply of key materials to major domestic 12-inch integrated circuit wafer manufacturers and has shifted its focus entirely to this sector by divesting its optical product lines in 2019 [8]. Financial Performance - The company reported revenues of approximately 322 million yuan, 368 million yuan, and 548 million yuan for 2022, 2023, and 2024 respectively, with net profits of about 101 million yuan, 89.8 million yuan, and 96.9 million yuan [11]. - For the first three quarters of 2025, Hengkun New Materials expects revenues between 440 million yuan and 500 million yuan, representing a year-on-year growth of 12.48% to 27.82% [11]. Market Position - The company has achieved significant sales in self-produced photolithography and precursor materials, with sales revenue from self-produced products increasing from 38.94% in 2022 to 86.68% in 2025 [12]. - However, the company faces risks related to high customer concentration, with the top five customers accounting for over 97% of its revenue during the reporting period [12]. Industry Context - Xiamen's integrated circuit industry has grown significantly, with an output value increasing from 5 billion yuan in 2014 to an expected 40 billion yuan in 2024, supported by a complete industrial chain [16]. - The local government has implemented various financial support measures to foster the growth of the semiconductor industry, including significant investments and the establishment of multiple funds to attract private capital [17].