Core Insights - China Electronics has established a new company named Spring Research Institute with a registered capital of 1 billion yuan [1] Company Overview - Spring Research Institute (Shenzhen) Co., Ltd. has been founded with a focus on integrated circuit design, IoT technology services, and artificial intelligence [1] - The company is wholly owned by China Electronics Information Industry Group Co., Ltd. [1]

Group 1 - The core viewpoint of the article highlights the performance and future plans of Zhongying Electronics, particularly in the automotive electronics and smartphone sectors [1] - Zhongying Electronics is a leading integrated circuit design company in China, focusing on the research, design, and sales of proprietary integrated circuit chips, along with providing system solutions and technical support services [1] - The sales growth of automotive electronic MCUs is currently slow, but the company plans to continue launching new products, which has a minor impact on overall performance [1] - The company has planned to introduce two AMOLED display driver chips for brand smartphones, with expectations for small-scale production by the end of the year [1]

Group 1 - On September 22, Canshin Co., Ltd. saw an 8.23% increase in stock price with a trading volume of 1.089 billion yuan, while the net financing buy was -827,700 yuan, indicating a high level of financing activity [1] - As of September 22, the total margin balance for Canshin Co., Ltd. was 347 million yuan, accounting for 5.91% of its market capitalization, which is above the 80th percentile of the past year [1] - The company specializes in integrated circuit design services, with its main business revenue composition being 50.27% from chip design and 49.73% from chip mass production [1] Group 2 - As of June 30, the number of shareholders for Canshin Co., Ltd. increased by 26.66% to 10,900, with an average of 6,574 circulating shares per person, up 121.26% [2] - For the first half of 2025, Canshin Co., Ltd. reported a revenue of 282 million yuan, a year-on-year decrease of 52.56%, and a net profit attributable to shareholders of -60.88 million yuan, a decline of 175.69% [2] - Since its A-share listing, Canshin Co., Ltd. has distributed a total of 71.76 million yuan in dividends [3]

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 CHINA MICRO SEMICON (SHENZHEN) LIMITED 中 微 半 導 體（ 深 圳 ）股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求而 刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向中微半導體（深圳）股份有限公司（「本公司」）、其獨家保薦人、整體協調人、顧問及包銷 團成員表示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記前，不會 向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依據 於香港公司註冊處處長註冊的本公司招股章程作出投資決定。該文件的文本將 ...

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for five companies, including Guomin Technology, regarding their overseas listing applications [1] - Guomin Technology submitted its listing application to the Hong Kong Stock Exchange on June 26, 2025, with CITIC Securities as the sole sponsor [1] - The CSRC has requested Guomin Technology to provide legal opinions on the legality and compliance of its establishment and shareholding changes, as well as updates on its overseas reinvestment report procedures [1] Group 2 - Guomin Technology is a platform-based integrated circuit design company focused on providing high-security, high-reliability, and high-integration control chips and system solutions for various smart terminals [2] - The company ranks among the top five Chinese enterprises in the global platform MCU market based on projected 2024 revenue, and it is among the top three in the global 32-bit platform MCU market [2] - Guomin Technology holds the first position in the Chinese MCU market for embedded commercial encryption algorithm modules, according to data from Zhaoshang Consulting [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for five companies, including Guomin Technology, regarding their overseas listing applications [1] - Guomin Technology submitted its listing application to the Hong Kong Stock Exchange on June 26, 2025, with CITIC Securities as the sole sponsor [1] - The CSRC has requested Guomin Technology to provide legal opinions on the legality and compliance of its establishment and shareholding changes, as well as updates on its overseas reinvestment report procedures [1] Group 2 - Guomin Technology is a platform-based integrated circuit design company focused on providing high-security, high-reliability, and highly integrated control chips and system solutions for various smart terminals [2] - The company ranks among the top five Chinese enterprises in the global platform MCU market based on 2024 revenue, and among the top three in the global 32-bit platform MCU market [2] - Guomin Technology holds the number one position in the Chinese MCU market for embedded commercial encryption algorithm modules, according to data from Zhaoshang Consulting [2]

Group 1 - The core viewpoint of the article highlights the performance and future plans of Zhongying Electronics, particularly in the automotive electronics and smartphone sectors [1] - Zhongying Electronics is a leading integrated circuit design company in China, focusing on the research, design, and sales of proprietary integrated circuit chips, along with providing system solutions and technical support services [1] Group 2 - The sales growth of automotive electronic MCUs is currently slow, but the company plans to continuously launch new products, which have a minor impact on overall performance [1] - The company has planned to introduce two AMOLED display driver chips for brand smartphones, with expectations for small-scale production by the end of the year [1]

Core Insights - Xi Di Micro celebrated its 13th anniversary and the topping-out ceremony of its new headquarters in Foshan, emphasizing its commitment to deepening its industry presence and aiming for greater heights [1][2] - The company has established a diverse product matrix in the analog chip sector, breaking the long-standing foreign monopoly and gaining international recognition for its technology and product compatibility [1] Company Overview - Founded in 2012 in Foshan, Xi Di Micro has focused on the analog chip field for 13 years, developing a range of products including DC/DC chips, lithium battery management chips, port protection and signal switching chips, as well as autofocus and optical stabilization chips [1] - The company has successfully commercialized its first switch charging chip in 2014 and has since expanded its product offerings [1] - Xi Di Micro's client base includes leading global mobile brands such as Samsung and Xiaomi, as well as renowned automotive manufacturers like Audi and Hyundai Kia, creating a diversified customer system across consumer electronics and automotive electronics [1] Strategic Goals - The new headquarters will serve as an innovation base, integrating functions such as technology research and development, mass production testing, operational management, and an integrated circuit innovation center [2] - Xi Di Micro aims to leverage the advantages of the Guangdong-Hong Kong-Macao Greater Bay Area for industrial collaboration and talent acquisition, positioning itself as a showcase for the integrated circuit industry in Foshan and the Greater Bay Area [2] - The company plans to continue focusing on technological iteration and product innovation in the analog chip sector to accelerate high-quality development [2]

Core Points - The company approved a capital increase of 4 million RMB for its wholly-owned subsidiary, Shaoxing Xinyuan Microelectronics Co., Ltd. [1] - As of September 12, the subsidiary has completed the necessary business registration changes, increasing its registered capital from 1 million RMB to 5 million RMB [1] - Shaoxing Xinyuan was established on May 20, 2020, and its business scope includes integrated circuit design among other fields [1]

Core Viewpoint - Canshin Semiconductor (灿芯股份) has shown significant fluctuations in its financial performance, with a notable decrease in revenue and net profit, while also experiencing changes in shareholder structure and financing activities [1][2][3]. Financing Activities - On September 10, Canshin Semiconductor's stock rose by 0.76%, with a trading volume of 187 million yuan. The financing buy-in amount for the day was 21.686 million yuan, while the financing repayment was 27.0818 million yuan, resulting in a net financing outflow of 5.3958 million yuan [1]. - As of September 10, the total financing and securities lending balance for Canshin Semiconductor was 357 million yuan, accounting for 7.37% of its circulating market value, which is above the 90th percentile level over the past year [1]. Financial Performance - For the first half of 2025, Canshin Semiconductor reported a revenue of 282 million yuan, representing a year-on-year decrease of 52.56%. The net profit attributable to shareholders was -60.8823 million yuan, a decline of 175.69% compared to the previous period [2]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Canshin Semiconductor increased to 10,900, up by 26.66% from the previous period. The average circulating shares per person rose to 6,574, an increase of 121.26% [2]. - After the A-share listing, Canshin Semiconductor has distributed a total of 71.76 million yuan in dividends [3]. Institutional Holdings - As of June 30, 2025, several funds exited the top ten circulating shareholders of Canshin Semiconductor, including Changcheng Jiujia Innovation Growth Mixed A and others [3].