Group 1 - The core stock price of Naxin Microelectronics (688052) closed at 174.31 RMB on January 12, 2026, reflecting a decrease of 1.6% from the previous trading day, with a total market capitalization of 28.347 billion RMB [1] - The stock opened at 177.88 RMB, reached a high of 177.88 RMB, and a low of 172.2 RMB, with a trading volume of 543 million RMB and a turnover rate of 2.19% [1] - The company announced the repurchase of 175,488 A-shares, accounting for 0.1241% of the total issued A-shares (excluding treasury shares), at a price range between 172.88 RMB and 175.39 RMB, totaling approximately 30.51 million RMB [1]

Group 1 - A total of 14 companies submitted listing applications to the Hong Kong Stock Exchange from January 5 to January 11, with 2 companies passing the hearing and 10 companies launching IPOs, resulting in 6 new stocks listed [1] - The companies that submitted applications cover various popular sectors including infant food, influencer marketing, artificial intelligence, biopharmaceuticals, semiconductors, and fast food chains [1] Group 2 - "Grandpa's Farm International Holdings Limited" focuses on infant food and ranks second in China's infant food market and first in the organic segment, with revenues of 780 million RMB and profits of 87.42 million RMB for the first nine months of 2025 [2] - "Zhong An Xin Ke" is an AI solutions provider ranked fourth in the enterprise-level AI solutions market, achieving revenues of 290 million RMB and net profits of 31.65 million RMB for the first three quarters of 2025 [2] Group 3 - "Tian Xia Xiu" is the first publicly listed influencer marketing company in A-shares, reporting revenues of 4.066 billion RMB and 2.734 billion RMB for 2024 and the first three quarters of 2025, respectively, with net profits declining by 46.45% and 46.2% [3] - "Zhejiang Bo Rui Biopharmaceutical Co., Ltd." focuses on immunotherapy and ranks first in revenue from autoimmune disease biopharmaceuticals in China, with revenues of 1.379 billion RMB and net profits of 122 million RMB for the first three quarters of 2025 [4] Group 4 - "Chip Mai Semiconductor Technology" focuses on power management ICs and power devices, reporting revenues of 1.458 billion RMB and a net loss of 234 million RMB for the first three quarters of 2025 [5] - "Hunan Xizi Health Group" specializes in sports nutrition and functional foods, with revenues of 1.447 billion RMB, 1.692 billion RMB, and 1.609 billion RMB from 2023 to the first three quarters of 2025 [6] Group 5 - "Lao Xiang Ji" is the largest Chinese fast food brand, with 1,658 stores across 61 cities in China, and holds a 0.9% market share in the Chinese fast food industry as of 2024 [7] - "Ji Wu Si Wei" operates 112 restaurants in 40 cities and ranks first in the restaurant bar sector in China, with revenues of 872 million RMB and net profits of 61 million RMB for the first three quarters of 2025 [8] Group 6 - "Lanqi Technology" is a fabless integrated circuit design company and the largest supplier of memory interconnect chips globally, with revenues of 4.058 billion RMB and net profits of 1.632 billion RMB for the first nine months of 2025 [10] - "Hunan Ming Ming Hen Mang" is set to become the first stock in the snack retail sector, achieving a retail sales volume of 66.1 billion RMB, a 74.5% increase year-on-year, with 19,517 stores nationwide [10] Group 7 - A total of 10 companies initiated IPOs, with 6 new stocks listed, showing strong market demand, particularly for AI and technology companies, with some stocks experiencing over-subscription rates exceeding 1,000 times [11][12] - New stocks in the AI and healthcare sectors performed exceptionally well, with significant first-day gains, indicating strong investor interest and market vitality [12]

Group 1 - Guangxi has established the "Nandan Key Metal Loan" financial product to address financing challenges faced by key metal enterprises in technology research, production operations, and project expansion, promoting high-end, intelligent, and green transformation of the industry [2] - The first "Financial Benefit Enterprise - Nandan Key Metal Loan" was issued to Southern Nonferrous Metals Co., with a credit increase of 400 million yuan and a loan of 150 million yuan, saving the company 1.5 million yuan in financing costs [2] - The financial services in Guangxi are perceived positively by many business leaders, attributing this to supportive policies and a moderately loose monetary policy that has effectively supported stable growth in the real economy [2][3] Group 2 - In 2025, Guangxi is guiding funds to key projects and sectors such as technology innovation and small and micro enterprises, focusing on five areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [3] - The "Guangxi Financial Benefit Enterprise Three-Year Action Plan (2025-2027)" aims to enhance financial support for the real economy by optimizing financial tools and strengthening the coordination between fiscal and financial policies [3] Group 3 - The Guangxi branch of the China Development Bank has issued over 360 billion yuan in infrastructure loans during the 14th Five-Year Plan period, supporting major projects and local economic development [4] - Guangxi Beibu Gulf Bank plans to invest at least 35 billion yuan in various credit assets over the next five years to accelerate the development of the Nandan key metal high-quality development comprehensive experimental zone [4] Group 4 - Guangxi Liuzhou Steel Group successfully issued the first technology innovation bond in the interbank bond market, providing a new model for traditional manufacturing transformation and financing [5] - The Agricultural Bank of Nanning helped a national-level "little giant" enterprise, Nanning Chuxin Integrated Circuit Design Co., by providing an 8 million yuan loan through innovative financial products [6] Group 5 - By the end of 2025, Guangxi's financial institutions had issued 165.04 billion yuan in financial benefit loans, benefiting 63,400 business entities and reducing financing costs by 1.76 billion yuan [7] - The financial benefit policies in Guangxi have been recognized as an excellent case for promoting financing channels and have been included in national publicity efforts [7] Group 6 - The "Guangxi Financial Benefit Enterprise Three-Year Action Plan (2025-2027)" aims to coordinate 7.5 billion yuan in various fiscal funds, driving over 600 billion yuan in interest-subsidized loans, over 100 billion yuan in guarantee subsidies, and over 300 billion yuan in bond issuance by 2027 [10]

智通财经APP获悉，澜起科技股份有限公司(简称：澜起科技，688008.SH)于2025年7月11日所递交的港股招股书满6个月，于2026年1月12日失效，递表时中 金、摩根士丹利及瑞银为其联席保荐人。 据招股书，该公司是一家全球领先的无晶圆厂集成电路设计公司，专注于为云计算及AI基础设施提供创新、可靠且高效能的互连解决方案。该公司向行业 领先的客户提供互连类芯片，包括内存互连芯片及PCIe(PeripheralComponentInterconnectExpress)/CXL(ComputeExpressLink)互连芯片，应用场景涵盖包括数 据中心、服务器及计算机在内的广泛终端领域。根据弗若斯特沙利文的资料，按收入计算，该公司于2024年位居全球最大的内存互连芯片供应商，市场份额 达36.8%。 ...

据招股书，该公司是一家全球领先的无晶圆厂集成电路设计公司，专注于为云计算及AI基础设施提供创新、可靠且高效能的互连解决方案。该公司向行 业领先的客户提供互连类芯片，包括内存互连芯片及PCIe(PeripheralComponentInterconnectExpress)/CXL(ComputeExpressLink)互连芯片，应用场景涵盖 包括数据中心、服务器及计算机在内的广泛终端领域。根据弗若斯特沙利文的资料，按收入计算，该公司于2024年位居全球最大的内存互连芯片供应 商，市场份额达36.8%。 澜起科技股份有限公司(简称：澜起科技，688008.SH)于2025年7月11日所递交的港股招股书满6个月，于2026年1月12日失效，递表时中金、摩根士丹利 及瑞银为其联席保荐人。 ...

Group 1 - The company, Lattice Semiconductor Corporation, submitted its Hong Kong IPO application on July 11, 2025, which will expire on January 12, 2026, with CICC, Morgan Stanley, and UBS as joint sponsors [1] - The company is a global leader in fabless integrated circuit design, focusing on innovative, reliable, and high-performance interconnect solutions for cloud computing and AI infrastructure [2] - The company provides interconnect chips, including memory interconnect chips and PCIe/CXL interconnect chips, with applications across a wide range of end-user fields, including data centers, servers, and computers [2] - According to Frost & Sullivan, the company is projected to be the largest supplier of memory interconnect chips globally in 2024, with a market share of 36.8% based on revenue [2]

Group 1 - The report highlights that by the end of 2025, the Beijing Stock Exchange (BSE) accelerated its acceptance of new listings, with 40 new companies accepted in the last week of December. The average revenue of companies queued for listing in 2024 reached 796 million yuan, surpassing the average revenue of BSE companies at 675 million yuan. Additionally, 95 companies, accounting for 43.38%, reported revenues exceeding 700 million yuan [2][12][15] - The average net profit attributable to the parent company for queued companies in 2024 was 96.08 million yuan, significantly higher than the average of 39.20 million yuan for BSE companies. Furthermore, 196 companies, representing 89.50%, reported net profits exceeding 50 million yuan [15][19][33] - The report identifies a high concentration of companies in the industrial and materials sectors, with 67 and 50 companies respectively, accounting for 30.59% and 22.83% of the total. The average revenue for these sectors was 661 million yuan and 887 million yuan, with average net profits of 84.03 million yuan and 94.76 million yuan respectively [20][23][26] Group 2 - A comprehensive evaluation system was constructed based on five dimensions: industry prosperity, company competitiveness, financial health, market scarcity, and controllable risk. This system was used to select "high growth, high barrier, and high scarcity" companies from the BSE, resulting in the identification of 30 high-quality companies queued for listing [28][29] - Among the newly accepted 40 companies, 10 are projected to have net profits exceeding 100 million yuan in 2024, including companies like Mosentech, Su Xun New Materials, and Xianlin 3D [39][41] - The report emphasizes the importance of focusing on quality over quantity in new stock strategies, indicating a shift towards pre-selecting high-quality assets as a key strategy for investment [2]

Core Viewpoint - Heshun Petroleum (603353) is actively pursuing the acquisition of Shanghai Kuixin Integrated Circuit Design Co., with ongoing due diligence and a focus on the Chiplet sector, which is expected to see significant growth in the coming years [1][2][3] Group 1: Company Performance - As of January 9, 2026, Heshun Petroleum's stock closed at 27.81 yuan, up 1.76% from the previous week [1] - The company's total market capitalization is 4.781 billion yuan, ranking 18th out of 30 in the refining and trading sector and 3594th out of 5182 in the A-share market [1] Group 2: Acquisition and Strategic Focus - The acquisition of Kuixin Technology is progressing, with a focus on high-speed interconnect IP and Chiplet solutions, which are critical for high-performance computing [1][2] - Kuixin Technology's Chiplet clients include leading domestic AI chip companies, with products aimed at large model training and scientific computing, expected to achieve mass production in the second half of next year [1][3] Group 3: Future Growth and Market Demand - Kuixin Technology is experiencing a positive growth trend in 2025, with increasing order volumes and stable expansion of core IP and Chiplet solutions [2][3] - The company's future growth will be driven by three main business lines: steady growth in IP business, expansion of AI SIC mass production services, and potential growth from Chiplet and IO Die technologies [2][3]

Core Viewpoint - Chipone Microelectronics (688508.SH) expects to achieve a net profit attributable to shareholders of approximately 185 million yuan for the year 2025, representing an increase of about 73.67 million yuan compared to the same period last year, which translates to a year-on-year growth of approximately 66% [1] Financial Performance - The projected net profit for 2025 is around 185 million yuan [1] - This represents an increase of approximately 73.67 million yuan compared to the previous year [1] - The expected year-on-year growth rate is about 66% [1]

Core Viewpoint - Chipone Microelectronics announced an expected revenue increase for 2025, projecting approximately 1.14 billion yuan, which represents a year-on-year growth of about 18% [1] Financial Projections - The company anticipates a net profit attributable to shareholders of approximately 185 million yuan for 2025, reflecting an increase of around 73.67 million yuan compared to the previous year, resulting in a year-on-year growth of approximately 66% [1] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be around 55 million yuan, which indicates a decrease of approximately 18.12 million yuan year-on-year, translating to a decline of about 25% [1]