Core Viewpoint - Nanjing Qingqin Heng Microelectronics Co., Ltd. (referred to as "Qingheng Micro") has released its prospectus for an initial public offering on the Sci-Tech Innovation Board, highlighting its unique approach to integrated circuit design through self-developed IP systems and a focus on core technology research [1][2]. Financial Performance - Qingheng Micro's revenue is projected to grow from 238.26 million yuan in 2022 to 396.80 million yuan in 2024, with net profit increasing from 59.10 million yuan to 103.99 million yuan during the same period [1]. - The company has maintained profitability while many in the industry face losses due to intense competition [1]. Product Overview - The main business of Qingheng Micro includes the research, design, and sales of interface chips and interconnected MCU chips, which are essential for information exchange and connectivity in electronic devices [3][4]. - The company focuses on USB, Bluetooth, and Ethernet interfaces, with USB being its primary revenue source, accounting for 52.38% of total revenue in 2024 [8]. Technology and Innovation - Qingheng Micro has developed a proprietary IP system that includes processor, PHY, controller, and protocol stack technologies, allowing for a more integrated and efficient chip design process [4][17]. - The company’s self-developed "Qingke" series of processors has shipped over 100 million units, demonstrating competitive performance against mainstream foreign processors [6][12]. Market Applications - The primary application areas for Qingheng Micro's products include industrial control and connectivity (52.60% of revenue), IoT networking (25.54%), and computer and mobile peripherals (21.86%) [15]. - The company’s products are designed to meet the growing demand for connectivity and digitalization in various sectors [9][20]. Future Plans and Funding - Qingheng Micro plans to raise funds through its IPO to invest in three key projects: USB chip development, network chip development (including Bluetooth and Ethernet), and full-stack MCU chip development, with a total investment of approximately 931.54 million yuan [28][29]. - The company aims to enhance its core technology and expand its product offerings in high-speed USB, Ethernet, and low-power wireless communication technologies [29][30].

Group 1 - The article discusses the recent IPO counseling registrations of eight companies, including Tengli Transmission, Fangyi Co., and Huasheng Radar, indicating a trend of companies preparing for public offerings in China [1] - Tengli Transmission, which previously withdrew its IPO application in July 2024, is now seeking to re-enter the market with a focus on automotive components [3][4] - Fangyi Co. has recently completed a targeted financing of 60 million yuan and is preparing for an IPO on the Beijing Stock Exchange [7][8] - Huasheng Radar, a specialized radar technology company, has secured significant investment and has reported a doubling of orders in the first half of 2024 compared to its 2023 revenue [12][13] - Honor is positioning itself to become the third publicly listed smartphone giant in China, following Xiaomi and Transsion Holdings, with its IPO application submitted in June 2025 [14][15][16] - Lansheng Biotechnology, a low-toxicity pesticide manufacturer, has also initiated its IPO counseling, with a current valuation of 1.752 billion yuan [18][19][21] - Peiyuan Co., a hidden champion in the automotive shock absorber sector, is facing revenue growth without corresponding profit increases, indicating potential operational challenges [22] - Ziguang Zhanrui is preparing for an IPO on the Sci-Tech Innovation Board, aiming to become the first publicly listed domestic smartphone chip company, with a post-investment valuation of approximately 70 billion yuan [24][26] Group 2 - Tengli Transmission's revenue has shown consistent growth from 2020 to 2023, with total revenues of 2.92 billion yuan, 3.77 billion yuan, 5.10 billion yuan, and 6.1 billion yuan respectively, indicating a strong upward trend [5] - Fangyi Co. reported revenues of 1.93 billion yuan, 2.05 billion yuan, and 2.53 billion yuan from 2022 to 2024, but its net profit has seen a decline, highlighting profitability issues despite revenue growth [11] - Huasheng Radar's revenue for 2023 was 2.4 billion yuan, with a significant increase in orders in 2024, suggesting strong market demand for its products [13] - Lansheng Biotechnology's financial data shows a net profit of 2.69 billion yuan for 2024, with a focus on developing green pesticides and holding 39 patents [19][21] - Peiyuan Co. reported revenues of 6.34 billion yuan and 6.72 billion yuan for 2023 and 2024, respectively, but faced a decline in net profit, indicating operational challenges [22] - Ziguang Zhanrui's revenue figures for 2022, 2023, and 2024 were 14 billion yuan, 13 billion yuan, and 14.5 billion yuan, respectively, but the company has yet to achieve profitability [26]

Group 1: Company Developments - Tengli Transmission has submitted a listing guidance report to the Zhejiang Securities Regulatory Bureau, marking its second attempt at an IPO after withdrawing its application in July 2024 [1][3][4] - Fangyi Co., Ltd. has completed a private placement financing of 60 million yuan and is preparing for its IPO on the Beijing Stock Exchange [1][7][9] - Huasheng Radar, a national-level specialized and innovative "little giant," has attracted multiple well-known investment institutions and has secured nearly 500 million yuan in orders in the first half of 2024 [1][10][11] - Honor has officially submitted its IPO guidance application, potentially becoming the third listed smartphone giant in China [1][13][14] - Lansheng Biotechnology has completed its guidance filing with plans to focus on the development of low-toxicity pesticides [1][18][19] - Peiyuan Co., Ltd. is preparing for its IPO while facing challenges of revenue growth without profit increase [1][23][25] - Ziguang Zhanrui has filed for guidance to go public on the Sci-Tech Innovation Board, aiming to become the first domestic smartphone chip company to be listed [1][26][27] - Hongze Technology has seen a significant decline in revenue and net profit in 2024, prompting its IPO preparations [1][29] Group 2: Financial Performance - Tengli Transmission reported total revenues of 610 million yuan in 2023, an 18.8% increase year-on-year, with a net profit of 83.16 million yuan, up 26.2% [5][6] - Fangyi Co., Ltd. has shown revenue growth from 193 million yuan in 2022 to 253 million yuan in 2024, but net profit has declined [9] - Huasheng Radar's revenue in 2023 was 240 million yuan, with a significant increase in orders in 2024 [11] - Lansheng Biotechnology reported a valuation of 1.752 billion yuan, with total assets of 1.946 billion yuan and a net profit of 269 million yuan for 2024 [22] - Peiyuan Co., Ltd. reported revenues of 634 million yuan in 2023 and 672 million yuan in 2024, but net profit decreased from 75.64 million yuan to 62.22 million yuan [25] - Ziguang Zhanrui's revenue reached 14 billion yuan in 2024, but the company has not yet achieved profitability [27]

Group 1 - The core point of the report is the issuance of convertible bonds by 3PEAK Incorporated to specific investors, approved by the China Securities Regulatory Commission, allowing the company to raise funds for asset acquisition [2][3]. - The total number of convertible bonds issued is 3,833,893, with a face value of 158 yuan per share as the initial conversion price [2][16]. - The company achieved a revenue of 1.22 billion yuan in 2024, representing a year-on-year growth of 11.52%, despite facing challenges such as increased R&D and sales expenses [9][12]. Group 2 - The company reported a net loss attributable to shareholders of 197.21 million yuan in 2024, compared to a loss of 34.71 million yuan in the previous year [12][13]. - The gross profit margin for the company in 2024 was 48.19%, a decrease of 3.59 percentage points from the previous year [9][10]. - The company completed the acquisition of 100% equity in Chuangxinwei in October 2024, which is expected to enhance its market position [9][14]. Group 3 - The company’s total assets reached 62.01 billion yuan by the end of 2024, an increase of 4.96% compared to the previous year [10][12]. - The company’s cash and cash equivalents, along with financial assets, amounted to approximately 3.69 billion yuan [10]. - The company operates in the integrated circuit design industry, focusing on the research, development, and sales of analog integrated circuit products [10][12].

Core Viewpoint - GuoMin Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor [1]. Company Overview - 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. The company has established a diverse product matrix across key sectors such as consumer electronics, industrial control, digital energy, smart home, automotive electronics, and medical electronics [5][6]. - According to ZhiShi Consulting, by 2024 revenue, GuoMin ranks among the top five Chinese companies in the global platform MCU market and among the top three in the global 32-bit platform MCU market. It holds the first position in the Chinese MCU market for embedded commercial password algorithm modules [5]. Product Development - Since its establishment in 2000, the company has transitioned from specialized market chips to general-purpose MCUs and high-end products like edge AI computing. The company has expanded its product range to include BMS chips and RF chips, particularly after defining its direction as a platform-based integrated circuit design company in 2018 [6]. - The company has launched multiple 32-bit MCU products based on Cortex-M0 to M7, continuously optimizing chip size, power consumption, and performance, thus enhancing its market competitiveness in high-performance computing and high-end control [6]. Market Potential - The global MCU market is projected to grow from approximately $29.9 billion in 2024 to about $48 billion by 2029, with a compound annual growth rate (CAGR) of 9.9%. Emerging applications in AI, robotics, new energy, and low-altitude economy are expected to drive significant growth [7]. - GuoMin's advanced technologies, including multi-core heterogeneous architecture, AI algorithm support, and power consumption control, align with industry trends, particularly in edge intelligence and energy storage control [7]. Financial Performance - For the fiscal years 2022, 2023, and 2024, GuoMin reported revenues of approximately RMB 1.195 billion, RMB 1.037 billion, and an estimated RMB 1.168 billion, respectively. The company incurred losses of approximately RMB 18.93 million, RMB 594 million, and RMB 256 million during the same periods [11][12]. Business Diversification - In addition to its chip business, GuoMin is developing lithium battery anode materials, creating a dual-main business model of "integrated circuits + new energy materials." The anode materials focus on artificial graphite and explore various technological routes, widely applied in electric vehicles, energy storage systems, and portable devices [8]. - The company aims to integrate battery management system control chips with lithium battery anode materials within the same customer base, enhancing system-level efficiency, safety, and cost control [8].

（「本公司」） （於中華人民共和國註冊成立的股份有限公司） 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 性亦不作任何陳述，並明確表示對因本申請版本的全部或任何部分內容而引致或因依賴本申請版本的全部 或任何部分內容而引致的任何損失不負任何責任。 GigaDevice Semiconductor Inc. 兆易創新科技集團股份有限公司 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」）與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、接納並向本公司、其聯席保薦人、整體協調人、顧問或包銷團成員表示同意： 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）條例呈交香港公司註冊處處長註冊前，本公 司不會向香港公眾人士提出要約或邀請。倘於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 僅依據呈交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；招股章程的文本將於發售期內向公 眾派發。 (a) 本文件僅為 ...

Core Viewpoint -兆易创新科技集团股份有限公司 (GigaDevice) has submitted its prospectus for a listing on the Hong Kong Stock Exchange, aiming to become another "A+H" listed company, following its initial public offering (IPO) on the Shanghai Stock Exchange in 2016 [1][3]. Company Overview - GigaDevice was established in April 2005 and is headquartered in Beijing, with a registered capital of approximately 660 million RMB. The company primarily focuses on integrated circuit design and research, adopting a fabless business model [3][5]. - The company offers a diverse range of chip products, including Flash, niche DRAM, MCU, analog chips, and sensor chips, along with corresponding algorithms and software solutions [5]. Financial Performance - GigaDevice's revenue for 2022, 2023, and 2024 was approximately 8.13 billion RMB, 5.76 billion RMB, and 7.36 billion RMB, respectively. The gross profit for the same years was about 3.70 billion RMB, 1.75 billion RMB, and 2.62 billion RMB, while the net profit was approximately 2.05 billion RMB, 161 million RMB, and 1.10 billion RMB [6][9]. - The company experienced a significant revenue decline of 29.14% in 2023 compared to 2022, with net profit dropping by 92.15% due to a substantial decrease in product prices [8][9]. Market Position - According to a report by Frost & Sullivan, GigaDevice is the only integrated circuit design company globally ranked in the top ten across NOR Flash, SLC NAND Flash, niche DRAM, and MCU sectors as of 2024 [5]. - In 2023, the company shipped 3.12 billion units of products, marking a year-on-year increase of 12.98%. However, the average selling price across all product lines declined, leading to a drop in gross margin from 47.66% to 34.42% [9][11]. Future Outlook - GigaDevice anticipates a recovery in performance for 2024, projecting a revenue increase of 27.69% to 7.36 billion RMB and a net profit growth of 584.21% to 1.10 billion RMB, driven by improved market demand and inventory replenishment [9][10]. - Despite the anticipated growth, the company's revenue and net profit for 2024 remain below the levels achieved in 2022 [11].

Core Viewpoint - Zhaoyi Innovation has submitted an application for the issuance of H shares and listing on the Hong Kong Stock Exchange, highlighting its position as a leading global multi-chip design company specializing in various chip products and solutions [2] Company Overview - Zhaoyi Innovation is a global leader in multi-chip design, providing diverse chip products including Flash, niche DRAM, MCU, analog chips, and sensor chips, along with corresponding algorithms and software solutions [2] - The company operates under a fabless business model, focusing on integrated circuit design and R&D to maintain technological leadership [2] - Established in 2005, Zhaoyi Innovation has spent 20 years in the specialized storage chip industry and 14 years in the MCU field, becoming a leading enterprise in China for specialized storage chips and MCUs [2] Market Position - According to Frost & Sullivan, Zhaoyi Innovation is a market leader in multiple fields, being the only integrated circuit design company globally ranked in the top ten for NOR Flash, SLC NAND Flash, niche DRAM, and MCU [2] - Specific rankings include: - NOR Flash: Second globally, first in mainland China [3] - SLC NAND Flash: Sixth globally, first in mainland China [3] - Niche DRAM: Seventh globally, second in mainland China [3] - MCU: Eighth globally, first in mainland China [4] - Fingerprint sensor chips: Second in mainland China [5] Financial Performance - Revenue figures for Zhaoyi Innovation are as follows: - 2022: RMB 8,130 million - 2023: RMB 5,760.8 million - 2024: RMB 7,356 million [5] - Adjusted net profit (non-IFRS) for the same years: - 2022: RMB 2,256.1 million, net profit margin of 27.7% - 2023: RMB 258.3 million, net profit margin of 4.5% - 2024: RMB 1,259.9 million, net profit margin of 17.1% [5] R&D Investment - Zhaoyi Innovation emphasizes R&D to meet complex market demands, with R&D expenditures as follows: - 2022: RMB 935.6 million (11.5% of total revenue) - 2023: RMB 990.0 million (17.2% of total revenue) - 2024: RMB 1,122.4 million (15.3% of total revenue) [5] - As of December 31, 2024, the company holds 1,059 patents, 195 registered trademarks, 62 copyrights, and 3 domain names [5]

Core Viewpoint - 兆易创新科技集团股份有限公司 has submitted an application for listing on the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors. The company holds a leading global position in the NOR Flash market, ranking second globally and first in mainland China with a market share of 18.5% based on projected 2024 revenue [1]. Group 1: Company Overview - The company is a global leader in diversified chip design, offering a range of products including Flash, niche DRAM, MCU, analog chips, and sensor chips, along with corresponding algorithms and software solutions [3]. - It operates under a fabless business model, focusing on integrated circuit design and R&D to maintain technological leadership [3]. - The company is the only integrated circuit design firm globally ranked in the top ten across NOR Flash, SLC NAND Flash, niche DRAM, and MCU sectors [3]. Group 2: Product Development - In 2019, the company launched China's first ultra-high-speed 8-channel SPI NOR Flash product, achieving data throughput rates approximately five times higher than existing products at that time [4]. - In 2020, it introduced a high-performance SPI NOR Flash product with a capacity of up to 2Gb, becoming the first in mainland China to cover a complete product line from 512Kb to 2Gb [4]. - The company plans to launch a low-power series of SPI NOR Flash in 2024, significantly enhancing battery life for small-capacity devices [4]. - By 2025, it aims to be among the first to achieve mass production of 45nm node SPI NOR Flash, improving storage density while maintaining market leadership [4]. Group 3: Financial Performance - The company reported revenues of RMB 81.3 billion, RMB 57.61 billion, and RMB 73.56 billion for the years 2022, 2023, and 2024, respectively [5]. - Adjusted net profits (non-IFRS) were RMB 22.56 billion, RMB 2.58 billion, and RMB 12.6 billion for the same years, with adjusted net profit margins of 27.7%, 4.5%, and 17.1% [5]. - The gross profit margin decreased from 45.5% in 2022 to 30.3% in 2023, before recovering to 35.7% in 2024 [6].

苏州国芯科技股份有限公司 章程 中国·苏州 目 录 苏州国芯科技股份有限公司 章程 第一章 总则 第一条 为维护苏州国芯科技股份有限公司（以下简称"公司"）、股东、职 工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"） 和其他有关规定，制订《苏州国芯科技股份有限公司章程》（以下简称"本章程"）。 第二条 公司系依照《公司法》和其他有关规定由苏州国芯科技有限公司整体 变更设立的股份有限公司。公司在苏州市行政审批局注册登记，取得统一社会信用 代码为 91320505729311356W 的《营业执照》。 第三条 公司于 2021 年 6 月 25 日经上海证券交易所审核同意、于 2021 年 12 月 7 日经中国证券监督管理委员会（以下简称"中国证监会"）同意注册，首次向 社会公众发行人民币普通股 6,000 万股，并于 2022 年 1 月 6 日在上海证券交易所科 创板上市。 第四条 公司注册中文名称：苏州国芯科技股份有限公司 英文名称：SUZHOU C*Core Technology Co., Ltd. ...