东山精密表示，截至目前，公司正计划与相关中介机构就本次发行H股上市的相关工作进行商讨，关于本次发行H股上市的细节尚未确定。此外，东山精 密还指出，本次H股发行上市能否通过审议、备案和审核程序并最终实施具有较大不确定性。敬请广大投资者关注公司后续公告，注意投资风险。 近年来，"A+H"上市模式持续得到青睐，在国际化战略驱动下，不少A股公司选择赴港上市，其中不乏LED关联企业。 日前，苏州东山精密制造股份有限公司（股票简称：东山精密股票代码：002384）披露《关于筹划发行H股股票并在香港联合交易所有限公司上市相关事 项的提示性公告》。 《公告》显示，为进一步推动公司国际化战略发展及海外业务布局，提升国际品牌知名度，增强公司综合竞争力，东山精密正在筹划境外发行股份（H 股）并在香港联合交易所有限公司（简称"香港联交所"）主板上市的相关工作。 东山精密，始创于1980年，于2010年在深交所挂牌上市。自成立以来，东山精密通过内生外购、深耕拓展、优化主业，逐步形成了电子电路、光电显示和 精密制造三大板块，其主要产品包括印刷电路板、新能源汽车金属结构件、LED背光等。 业绩方面，2025年上半年，东山精密实现营收约16 ...

随着更多A股龙头企业加入"A+H"阵营，双融资平台正成为国际化进程中的标配。 撰稿小豹，全文2500字，欢迎点击文首订阅豹速科技财经。 9月30日，新诺威、科兴制药、科泰电源三家A股上市公司不约而同公告筹划赴港上市。 至此，仅9月单月，已有25家A股公司宣布赴港计划。 Wind数据显示，截至10月2日，还有76家A股上市公司已向港交所递表，排队等待聆讯。 面对国际资本市场格局的重构，中国企业正以"A+H"双平台为支点，撬动全球资源整合的新杠杆。 1 热潮涌动： 港股IPO市场的"中资时刻" 2025年的港股市场，正迎来一场中资企业上市的盛宴。 港交所网站显示，截至9月30日，今年受理的新申请高达286家，是去年的两倍有余。 今年前三季度，港股共迎来66只新股IPO上市，新股首发募集资金累计约1823亿港元。 这一数字已超过2024年全年的两倍。 "过去一年，香港交易所见证了中国科技力量的集中爆发，也见证了全球投资热情重回港股市场。"港交所行政总裁陈翊庭在9月初出席2025港交所未来科 技峰会时表示。 截至8月底的融资总额达1345亿港元，较2024年同期增长接近6倍，远超全球新股融资额的同比增幅。 在这轮热潮 ...

科兴制药（688136.SH）在9月底宣布筹划发行H股赴港上市，成为当月25家公告拟赴港上市的A股公司之一。在这波"A+H"股热潮中，截至10月2日，还有76家A股公司已向港交所递表排队等待 纵观此次赴港上市潮，不仅包括立讯精密、牧原股份等知名企业，医药企业更是表现突出。科兴制药在公告中表示，赴港上市目的是为了深化公司"创新+国际化"的战略布局，加快海外业务发展 今年以来，资本市场上的"A+H"模式愈发受到国内上市公司的青睐。仅9月份就有25家A股上市公司先后公告筹划赴港上市，其中包括领益智造、博瑞医药、海澜之家、科大智能等各行业龙头企 从行业分布来看，覆盖了医药生物、通信、食品饮料、汽车、机械设备等多个行业。其中，"A+H"上市模式表现尤为突出，上半年相关企业集资额占同期总融资额的七成。 根据科兴制药2025年半年度报告，公司上半年实现营业收入7.0亿元，同比下降7.82%；但归母净利润达到8034.45万元，同比大幅上升576.45%。 公司表示，受集采等因素影响，国内销售收入有所下降，但随着白蛋白紫杉醇在欧洲市场放量增长，海外收入同比大幅增长，公司上半年总体收入同比仅小幅下降。 值得注意的是，科兴制药经 ...

Group 1 - The trend of A-share companies listing in Hong Kong continues, with 25 companies announcing plans to list since September, including notable names like XinNuoWei and Lingyi ZhiZao [1] - As of October 2, a total of 76 companies have submitted listing applications to the Hong Kong Stock Exchange, covering various industries such as pharmaceuticals, communications, food and beverages, automotive, and machinery [3] - The fundraising scale has significantly increased, with 11 A-share companies raising a total of 916.89 million HKD through the "A+H" dual listing model, accounting for over 50% of this year's total IPO financing in Hong Kong [3] Group 2 - The CEO of the Hong Kong Stock Exchange noted a substantial increase in new stock issuance, with total financing reaching 1,345 million HKD by the end of August, nearly six times higher than the same period in 2024 [3] - The "A+H" listing model has shown strong performance, with related companies raising 70% of the total financing in the first half of the year, indicating a robust linkage between A-share and Hong Kong markets [3]

来源：环球网 【环球网财经综合报道】近期A股公司赴港上市热度攀升。据统计，9月以来25家A股公司公告筹划赴港 上市，医药生物企业表现活跃；截至10月2日，另有76家已向港交所递表等待聆讯。 东方IC MACD金叉信号形成，这些股涨势不错！ 从融资规模来看，"A+H"两地上市模式的贡献愈发显著。今年以来，已有11家A股企业完成"A+H"上 市，合计募集资金 916.89 亿港元。其中，宁德时代、恒瑞医药、三花智控、海天味业、蓝思科技 5 家 企业的募资额分别达410.06亿港元、113.74亿港元、107.36亿港元、105.71亿港元、54.83亿港元，5家企 业募资合计占今年港股IPO总融资额的五成以上。 港交所行政总裁陈翊庭表示，今年截至8月底，港股融资总额达1345亿港元，较2024年同期增长近6倍， 其中"A+H"模式上半年集资额占同期总融资额的七成，充分体现沪深港市场联动活力。（陈十一） 从筹划企业看，科兴制药、新诺威、博瑞医药（维权）等医药公司均提及 "推进国际化战略、拓宽融资 渠道"；领益智造、海澜之家、极米科技等多领域企业也加入行列。递表企业覆盖医药、汽车、消费等 行业，如赛力斯已获证监会境外 ...

Group 1: Company Overview - RuYueChen submitted an application for H-share listing on the Hong Kong Stock Exchange on September 19, marking the beginning of its journey to list in Hong Kong [1][6] - The company, known for its e-commerce operation services, was listed on the Shenzhen Stock Exchange in 2020 and has since transitioned to developing its own brands [6][8] Group 2: Financial Performance - As of September 19, RuYueChen's stock price has increased by 216.63% this year, with a total market capitalization of 13.56 billion RMB [4] - In the first half of 2025, the company's own brand revenue reached 603 million RMB, a significant increase of 242.42% year-on-year, accounting for 45.75% of total revenue [8][11] Group 3: Strategic Initiatives - The company aims to enhance its capital strength and international brand image through the Hong Kong listing, which will also improve its overseas financing capabilities [8][9] - RuYueChen plans to expand its global market presence, initially focusing on Southeast Asia, and will seek acquisitions of high-potential overseas brands [9][11] Group 4: Market Trends - The trend of "A+H" listings is gaining momentum, with many companies opting for Hong Kong listings to leverage international financing advantages and policy support [4][13] - The PCB industry is also witnessing a similar trend, with several companies pursuing IPOs or "A+H" listings to accelerate capital market processes [13][18]

Group 1: Company Overview - Ruoyuchen submitted an application for issuing overseas listed shares (H shares) and listing on the Hong Kong Stock Exchange on September 19, marking the beginning of its journey to enter the Hong Kong market [1][5] - The company has gained significant market attention as a cross-border e-commerce concept stock, with a year-to-date stock price increase of 216.63% and a total market capitalization of 13.56 billion RMB as of September 19 [4] - Ruoyuchen transitioned from an e-commerce operation business to developing its own brand, Zhanjia, in 2020, becoming the first e-commerce operation stock listed on the Shenzhen Stock Exchange [5][6] Group 2: Financial Performance - In the first half of 2025, Ruoyuchen's own brand revenue reached 603 million RMB, a substantial increase of 242.42% year-on-year, accounting for 45.75% of total revenue, surpassing brand management and operation services for the first time [5][6] - The company reported rapid growth in revenue and net profit for three consecutive years, indicating a successful strategic transition [5][6] Group 3: Strategic Initiatives - The planned Hong Kong listing aims to enhance the company's capital strength, overall competitiveness, and international brand image while improving its overseas financing capabilities [5][6] - Ruoyuchen intends to leverage the advantages of the Hong Kong capital market to deepen its global strategy, explore overseas expansion of its own brands, and pursue strategic acquisitions [6][9] Group 4: Market Trends and Consumer Insights - The company recognizes a shift in consumer focus from functionality to understanding consumer needs, emphasizing aesthetic perception, value recognition, and situational experience [5][6] - Ruoyuchen has established a comprehensive operational system centered around Douyin (TikTok), enhancing its ability to target consumers and achieve rapid brand growth [7][9] Group 5: Future Plans - The company plans to create a multi-brand matrix centered on "quality," "self-pleasure," and "health," covering household cleaning, dietary supplements, and other potential consumer categories [10] - Ruoyuchen aims to continuously explore and apply new technologies and materials to build a sustainable and scalable innovation system, providing consumers with diverse experiences and value [10]

本报（chinatimes.net.cn）记者谢碧鹭 北京报道 近日，潮宏基对外发布了关于向香港联交所递交境外上市股份（H股）发行上市申请并刊发申请资料的 公告，冲刺港交所IPO。作为一家高档时尚珠宝企业，其近年来发展呈现鲜明特征，2022年至2024年营 业收入不断增长；公司线下门店快速扩张，截至2025年6月30日已拥有1542家线下门店。 不过，公司也面临双重挑战，一方面是和头部珠宝企业如周生生、周大福相比，潮宏基的营收规模仍存 在一定差距。另一方面，公司毛利率存在较大波动。目前，A股公司奔赴港交所热潮迭起，年内已经有 多家公司上市成功。潮宏基能否顺利登陆港交所，加速国际化战略的落地？ 实际上，目前港股市场已形成较为丰富的黄金珠宝上市公司矩阵，不仅包括紫金矿业、山东黄金、招金 矿业等矿产企业，还包括老铺黄金、周生生、周大福等珠宝品牌。其中，2024年6月上市的老铺黄金， 更是创造了资本市场的估值神话。 线下门店快速扩张 近期，潮宏基向港交所递交主板上市申请，计划进行第二次上市，保荐人为中信证券。潮宏基的港股上 市计划并非偶然。早在2025年6月9日，公司便发布公告称，董事会已通过发行H股并在港交所主板上 ...

Core Insights - The Hong Kong IPO market has shown signs of recovery in the first nine months of 2025, with the "A+H" listing model becoming mainstream [1] - A total of 11 A-share companies completed dual listings, raising HKD 91.689 billion, with CATL raising HKD 41.01 billion, marking the largest Hong Kong IPO in nearly four years [1] - There are currently 161 "A+H" listed companies, with over 51 A-share companies in the queue [1] Group 1 - Innovative methods such as share swaps and mergers are simplifying processes and reducing costs for companies [1] - The channel for Chinese concept stocks to return to Hong Kong is also open, with the Hong Kong Stock Exchange launching a "Tech Company Special Line" in May to facilitate listings for specialized tech firms [1] - On September 16, Hesai Technology achieved a dual listing in Hong Kong and the US, raising over HKD 4.16 billion, becoming the largest Chinese concept stock IPO in Hong Kong in nearly four years [1] Group 2 - The Chief Executive of Hong Kong, John Lee, has expressed intentions to optimize the "same share, different rights" regulations [1] - Industry experts suggest relaxing restrictions on market capitalization, earnings, and voting rights to strengthen Hong Kong's position as the preferred destination for the return of Chinese concept stocks [1]

Core Viewpoint - The Hong Kong IPO market has seen increased activity in the "A+H" listing model, becoming a mainstream choice for A-share companies seeking global financing, as exemplified by Liou Co.'s plan to issue H-shares to enhance its global strategy and brand recognition [2][3]. Group 1: Company Strategy and Financial Performance - Liou Co. plans to issue H-shares to support its global development strategy and enhance its capital operation capabilities [2]. - The company's net profit for the first half of the year was 478 million yuan, with over 30% derived from gains on investments in Li Auto stocks, highlighting a dependency on financial investments for performance [2][8]. - In 2024, Liou Co. reported a revenue of 21.171 billion yuan, a year-on-year increase of 3.41%, but faced a net loss of 259 million yuan primarily due to losses from Li Auto stock [8]. Group 2: Market Trends and Regulatory Considerations - The increase in A+H listings is driven by companies' needs for global strategic positioning and diversified financing channels, allowing them to mitigate risks associated with single-market financing [3][6]. - Companies must be aware of the regulatory differences between the two markets and the importance of timing for their listings, as success depends on the company's fundamentals and international investor recognition [3][6]. Group 3: Governance and Management Changes - Liou Co. announced the resignation of two board members, which is part of its efforts to improve corporate governance in light of its upcoming H-share listing [5]. - The company has nominated new independent directors to strengthen its governance structure post-listing [5]. Group 4: Investment Activities - Liou Co. has approved a plan to invest up to 3 billion yuan in securities, using its own funds, which will not impact its operational capabilities [7]. - The company has emphasized that while it is actively engaging in securities investments, the actual returns are uncertain and subject to market conditions [7][10]. Group 5: Financial Dependency and Market Perception - The company's financial performance has been significantly influenced by its investments in Li Auto, with substantial fluctuations in net profit over the past four years due to stock market volatility [8][10]. - Experts warn that if financial investment returns continue to overshadow core business profits, it may lead to concerns about the company's long-term competitiveness and focus on its primary operations [10][11].