9月12日，中国证监会公示《境外发行上市备案补充材料要求(2025年9月5日—2025年9月11日)》，证监 会国际司共对12家企业出具补充材料要求。其中要求云英谷科技补充说明公司股权变动、股东情况及近 三年净资产数据等事项。据悉，2025年6月26日，云英谷科技向港交所递交上市申请，中金公司 （601995）、中信证券为其联席保荐人。 三、请你公司严格对照《境内企业境外发行证券和上市管理试行办法》第八条的规定，说明你公司及境 内子公司是否存在境外发行上市禁止性情形，请律师核查并出具明确的法律意见。 四、请你公司在备案报告中补充近三年净资产数据。 五、请说明你公司前期进行A股上市辅导的情况，是否计划继续推进A股上市及具体安排，是否存在对 本次发行上市产生重大影响的情形。 据招股书，云英谷科技是一家全球领先的AMOLED显示驱动芯片设计企业。公司致力于为消费电子品 牌公司提供可靠及高性能的显示驱动方案。公司目前提供两类产品：(i)AMOLED显示驱动芯片，主要 用于高端智能手机；及(ii)Micro-OLED显示背板/驱动，主要用于支持AR/VR的头戴式设备。 证监会请云英谷科技补充说明以下事项，请律师核查并出 ...

五、请说明你公司前期进行A股上市辅导的情况，是否计划继续推进A股上市及具体安排，是否存在对 本次发行上市产生重大影响的情形。 据招股书，云英谷科技是一家全球领先的AMOLED显示驱动芯片设计企业。公司致力于为消费电子品 牌公司提供可靠及高性能的显示驱动方案。公司目前提供两类产品：(i)AMOLED显示驱动芯片，主要 用于高端智能手机；及(ii)Micro-OLED显示背板/驱动，主要用于支持AR/VR的头戴式设备。 二、关于股东情况：(1)请说明股东QM119向上穿透后的境内主体是否存在法律法规禁止持股的主体； (2)请说明国开科创、深高投、京东方及中金浦成国有股东标识办理进展；(3)请说明最近12个月内新增 股东入股价格的合理性，该等入股价格之问存在差异的原因，是否存在入股对价异常的情况；(4)请说 明本次拟参与"全流通"股东所持股份是否存在被质押、冻结或其他权利瑕疵的情形。 三、请你公司严格对照《境内企业境外发行证券和上市管理试行办法》第八条的规定，说明你公司及境 内子公司是否存在境外发行上市禁止性情形，请律师核查并出具明确的法律意见。 四、请你公司在备案报告中补充近三年净资产数据。 智通财经APP获悉， ...

Group 1 - In recent years, several provinces in China, including Sichuan, Henan, Jiangxi, and Shaanxi, have seen changes in their wealth rankings, with new billionaires emerging as the richest individuals in these regions [1][2] - Wang Ning, the founder of Pop Mart, has surpassed Qin Yinglin and Qian Ying, becoming the richest person in Henan with a wealth of $23 billion, ranking 96th globally according to Forbes [1] - Pop Mart reported a revenue of 13.88 billion yuan in the first half of 2025, a year-on-year increase of 204.4%, and an adjusted net profit of 4.71 billion yuan, up 362.8% [1] Group 2 - Chen Tian Shi, founder of Cambrian, has become the new richest person in Jiangxi, with a wealth of $21.5 billion, significantly surpassing the previous richest, Luo Yuhao, whose wealth is $4.3 billion [2] - Cambrian's stock price has surged due to the booming Chinese chip industry, reaching a market capitalization of 663.7 billion yuan, briefly overtaking Kweichow Moutai as the top stock in A-shares [2] - Both Wang Ning and Chen Tian Shi are part of the younger generation of entrepreneurs, born in the 1980s, and are leading figures in the emerging consumer and chip industries [2] Group 3 - In Shaanxi, the couple Fan Daidi and Yan Jianya from Juzhi Biotechnology have become the new richest individuals, with a wealth of $5.1 billion, surpassing the previous richest, Li Zhenguo and Li Xiyan, who have a wealth of $3.5 billion [4] - The wealth of Zhu Yi, the actual controller of Baili Tianheng, has increased significantly, with his shares valued at over 115 billion yuan, making him the richest in Sichuan [2][3]

Group 1 - The article highlights the recent changes in the wealth rankings of various provinces in China, particularly noting the emergence of new billionaires in sectors like consumer goods and technology since 2025 [1][4] - Wang Ning, the founder of Pop Mart, has surpassed the wealth of Qin Yinglin and Qian Ying, becoming the richest person in Henan Province with a net worth of $23 billion, ranking 96th globally [4][6] - Pop Mart reported a revenue of 13.88 billion yuan in the first half of 2025, marking a year-on-year increase of 204.4%, and an adjusted net profit of 4.71 billion yuan, up 362.8% [4][5] Group 2 - Chen Tian Shi, founder of Cambricon, has become the new richest person in Jiangxi Province, with a net worth of $21.5 billion, ranking 106th globally [4][7] - The stock price of Cambricon surged due to the boom in China's chip industry, reaching a market capitalization of 663.7 billion yuan [5][6] - Zhu Yi, the actual controller of Baili Tianheng, has seen his wealth increase significantly, with his shares valued at over 115 billion yuan, making him the richest in Sichuan Province [6][7] Group 3 - In Shaanxi Province, the couple Fan Daidi and Yan Jianya of Juzhi Biotechnology have become the new richest, with a wealth of $5.1 billion, surpassing the previous richest, Li Zhenguo and Li Xiyan [7]

Core Viewpoint - The article discusses the growth and competitive landscape of the large-size display panel power management chip market in China, driven by advancements in technology and increasing demand for high-end displays [5][7]. Market Overview - The market size for large-size display panel power management chips in mainland China is projected to reach approximately 2.49 billion RMB in 2024, with a demand of about 1.08 billion units [7][9]. - The market is expected to grow to around 2.72 billion RMB by 2025 and further to approximately 2.93 billion RMB by 2028, indicating a steady expansion [7][9]. Key Drivers - The growth is primarily fueled by the continuous expansion of high-generation production lines and the release of capacity, particularly in G10.5/11 and G8.5/8.6 LCD lines, which significantly enhance the supply of large-size displays [6][8]. - The acceleration of G8.7 OLED production lines is also contributing to the penetration of OLED technology in the large-size market, pushing the development of chips towards high precision, low noise, and dynamic power management [6][8]. Competitive Landscape - The leading companies in the market include CHIPONE, Novatek, and Richtek, with CHIPONE holding a market share of approximately 25.2% in 2024, followed by Novatek at 16.0% and Richtek at 11.3% [9][11]. - CHIPONE's competitive advantage stems from its comprehensive product line across the display industry, including driver chips, touch chips, and power management chips, which offers a one-stop solution for panel customers [9][12]. Market Trends - The market is characterized by a "stronger gets stronger" oligopolistic competition, where leading firms continue to expand their market share through technological advantages and customer loyalty, while mid-tier firms face intense competition [12][13]. - The trend indicates a concentration of market resources towards leading manufacturers, with increasing barriers to entry for new players [12][13].

Group 1 - The core viewpoint of the news is that Lianyun Technology has seen a stock price increase of 5.37%, reaching 47.26 CNY per share, with a total market capitalization of 21.74 billion CNY as of the report date [1] - Lianyun Technology, established on November 7, 2014, is a platform chip design company based in Hangzhou, Zhejiang Province, specializing in data storage main control chips and AIoT signal processing and transmission chips [1] - The revenue composition of Lianyun Technology is as follows: 85.68% from data storage main control chip products, 11.77% from AIoT signal processing and transmission chip products, and 2.55% from other sources [1] Group 2 - Among the top circulating shareholders of Lianyun Technology, a fund under China Merchants Fund, specifically the China Merchants Fengying Active Allocation Mixed A (009362), has entered the top ten shareholders, holding 320,800 shares, which is 0.46% of the circulating shares [2] - The China Merchants Fengying Active Allocation Mixed A fund was established on July 29, 2020, with a current scale of 687 million CNY, achieving a year-to-date return of 20.24% and a one-year return of 51.29% [2] - The fund manager, Wen Zhongyang, has a tenure of 5 years and 116 days, with a best fund return of 48.62% during his management, while the other manager, Guo Rui, has a tenure of 13 years and 67 days, achieving a best fund return of 119.99% [3]

Core Viewpoint - 联芸科技 has shown a mixed performance in the stock market, with a slight decline in share price and notable financing activities, indicating potential investor interest and market dynamics [1][2]. Financing Activities - On September 10, 联芸科技 experienced a financing buy-in of 11.57 million yuan, with a net financing buy of 1.66 million yuan, while the total financing and securities balance reached 270 million yuan [1]. - The current financing balance of 270 million yuan accounts for 8.59% of the circulating market value [1]. Company Overview - 联芸科技, established on November 7, 2014, is located in Hangzhou, Zhejiang Province, and specializes in platform-based chip design, focusing on data storage main control chips and AIoT signal processing and transmission chips [1]. - The revenue composition of the company includes 85.68% from data storage main control chips, 11.77% from AIoT signal processing and transmission chips, and 2.55% from other products [1]. Shareholder Information - As of August 29, the number of shareholders for 联芸科技 increased by 1.38% to 15,100, while the average circulating shares per person decreased by 1.36% to 4,633 shares [2]. - By June 30, 2025, the top ten circulating shareholders included a new entrant, 招商丰盈积极配置混合A, holding 320,800 shares, while 长城久嘉创新成长混合A exited the top ten list [2]. Financial Performance - For the first half of 2025, 联芸科技 reported a revenue of 610 million yuan, reflecting a year-on-year growth of 15.68%, and a net profit attributable to shareholders of 56.14 million yuan, which is a 36.38% increase compared to the previous year [2].

Group 1 - The core point of the news is that Cambrian has received approval from the CSRC for a stock issuance plan, which aims to raise up to 3.985 billion yuan to enhance its technological competitiveness in the AI chip market [1] - Cambrian's stock issuance plan has been adjusted to a total fundraising amount of no more than 3.985 billion yuan, with the number of shares to be issued increased to no more than 20.9175 million shares [1] - The funds raised will primarily be used for projects related to large model chip platforms and software platforms, reinforcing Cambrian's position in the competitive landscape [1] Group 2 - The demand for AI chips is experiencing explosive growth due to the evolution of large model technology, with domestic chip design manufacturers gradually increasing their market share [2] - Cambrian's SiYuan series chips are expected to benefit from the rising computational power demand across various industries and the trend of domestic substitution, potentially driving significant revenue growth and sustained profitability [2] Group 3 - Cambrian's stock price has reached new highs, approaching 1600 yuan, and has surpassed Kweichow Moutai to become the new "king of stocks" in A-shares [3] - As of October 10, Cambrian's stock has increased over 90% year-to-date, with a latest share price of 1273 yuan and a market capitalization of 532.6 billion yuan [3] - In the first half of the year, Cambrian achieved revenue of 2.88 billion yuan, a year-on-year increase of 4347.82%, and a net profit of 1.038 billion yuan, marking a turnaround to profitability [3]

Core Viewpoint - Shanghai Nanchip Semiconductor Technology Co., Ltd. announced its fundraising plan aimed at technology innovation, with a total amount not exceeding 1,933.38 million yuan [2]. Group 1: Fundraising Overview - The total amount of funds raised will not exceed 1,933.38 million yuan, allocated to three main technology innovation projects [2]. Group 2: Project Summaries - **Intelligent Computing Power Management Chip R&D and Industrialization Project**: This project plans to invest 459.24 million yuan to develop power management products for high current applications, which will be used in PCs, data centers, and smart terminals, aiming to break foreign monopolies and enhance the company's industry position [3]. - **Automotive Chip R&D and Industrialization Project**: This project plans to invest 843.34 million yuan, focusing on various chip functions for automotive body systems, cockpit systems, and intelligent driving systems, aiming to establish a complete automotive chip ecosystem and promote domestic substitution in the automotive chip sector [4]. - **Industrial Application Sensor and Control Chip R&D and Industrialization Project**: This project plans to invest 630.80 million yuan, focusing on developing high-precision, low-power sensor and control solutions for industrial robots and smart sensing terminals, leveraging the company's capabilities in analog circuit design and control [5]. Group 3: Strategic Importance - The implementation of these projects is deemed necessary and feasible, aligning with national policy directions and market prospects, while enhancing the company's core technology and product competitiveness [5].

Group 1 - Company plans to issue up to 19.33 billion yuan in convertible bonds, with a maximum of 19.33 million bonds at a face value of 100 yuan each, to be used for R&D and industrialization in smart power management chips, automotive chips, and industrial sensor and control chips [1] - The net proceeds from the bond issuance will be allocated as follows: 4.59 billion yuan for smart power management chip R&D, 8.43 billion yuan for automotive chip R&D, and 6.31 billion yuan for industrial application chips [1] - Company reported revenue growth from 13.01 billion yuan in 2022 to 25.67 billion yuan in the first half of 2025, with net profit increasing from 2.46 billion yuan to 3.07 billion yuan during the same period [1] Group 2 - The automotive chip industry in China faces low domestic production rates, primarily due to high entry barriers and the need for long-term technological accumulation [2] - The rise of electric vehicles and smart driving applications is expected to drive growth in the automotive chip market, creating new opportunities [2] - The automotive chip R&D and industrialization project by the company is a key focus, with an investment of over 8 billion yuan and a construction period of three years [2] Group 3 - The project aims to develop a complete ecosystem of automotive chips, covering power supply, charging management, transmission, perception, decision-making, and execution [3] - The company has a strong foundation in the automotive chip sector, with 756 R&D personnel, accounting for 68.35% of total employees, and over 150 team members dedicated to automotive chip development [3] - The core team in the automotive field has an average of over 10 years of R&D experience [3]