Group 1: New Stock Offerings - Three new stocks available for subscription: Shuangxin Environmental Protection (001369.SZ), Yufan Technology (001396.SZ), and Qiangyi Co., Ltd. (688809.SH) [1] - Yufan Technology focuses on smart diagnosis and health assessment of drainage networks, as well as maintenance services [8][11] Group 2: Shuangxin Environmental Protection - Established in June 2009, Shuangxin Environmental Protection specializes in the R&D, production, and sales of products in the PVA industry chain [2] - The company is the third-largest PVA producer in China, with a projected production of 116,900 tons in 2024, accounting for approximately 13% of the national total [6] - The company plans to raise funds for various projects, including a 16,000-ton PVB resin project and a 60,000-ton water-based adhesive project, with total fundraising of 18.57 billion yuan [5] - In 2023, the company experienced a revenue decline of 25.25% and a net profit decline of 30.89% compared to the previous year [7][8] Group 3: Yufan Technology - Yufan Technology's revenue is projected to grow from 5.13 billion yuan in 2022 to 8.04 billion yuan in 2025, with a net profit increase from 0.81 billion yuan to 1.4 billion yuan over the same period [11] - The company has a high concentration of clients, primarily government agencies and state-owned enterprises, and is recognized as a "little giant" enterprise [11][12] Group 4: Qiangyi Co., Ltd. - Qiangyi Co., Ltd. focuses on the R&D, design, production, and sales of probe cards for semiconductor testing, ranking ninth globally in the probe card industry in 2023 [15] - The company reported revenues of 254 million yuan in 2022, increasing to 641 million yuan in 2024, with a significant net profit increase from 16 million yuan to 233 million yuan [16] - Qiangyi has a high customer concentration, with sales to its top five clients accounting for over 62% of total revenue [16][17] Group 5: Youxun Co., Ltd. - Youxun Co., Ltd. specializes in the R&D and sales of optical communication front-end chips, with a market share ranking second globally in the 10Gbps and below segment [22] - The company plans to invest in various projects, including next-generation access networks and high-speed data center chips, with a total fundraising of 8.09 billion yuan [21] - There is a risk of control changes due to the actual controller's shareholding structure, which may impact business operations and decision-making [23]

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聆訊後資料集的內容概不負責，對其準確性或 完整性亦不作任何陳述，並明確表示對因本聆訊後資料集的全部或任何部分內容而引致或因依賴本聆訊後 資料集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 （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警告 本聆訊後資料集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。 本聆訊後資料集為草擬本，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 ...

A股上市公司澜起科技(688008.SH)于周一(12月17日)发布公告，香港联交所上市委员会于2025年12月16 日举行上市聆讯，审议公司本次发行上市的申请。 公司本次发行上市的联席保荐人已于2025年12月16日收到香港联交所向其发出的信函，其中指出香港联 交所上市委员会已审阅公司的上市申请，但该信函不构成正式的上市批准，香港联交所仍有可能对公司 的上市申请提出进一步意见。 公司本次发行上市尚需取得香港证券及期货事务监察委员会和香港联交所等相关监管机构、证券交易所 的批准、核准，该事项仍存在不确定性。 澜起科技(688008.SH)，于2019年7月22日在A股上市，2025年7月11日向港交所递交招股书，中金公司、 摩根士丹利、瑞银联席保荐。于2025年12月9日，澜起科技获中国证监会境外发行上市备案通知书，可 发行不超过1.30204亿股境外上市普通股，并在香港联合交易所上市流通。 澜起科技，成立于2004年，作为一家全球领先的无晶圆厂集成电路设计公司，为云计算及AI基础设施 提供创新、可靠及高能效的互连解决方案。根据弗若斯特沙利文的数据，于2024年按收入计算，澜起科 技已成为全球最大的内存互连芯 ...

Company Overview - Zhaoyi Innovation Technology Group Co., Ltd. is a diversified integrated circuit design company that provides a variety of chip products including Flash, niche DRAM, microcontrollers, analog chips, and sensor chips for various applications such as consumer electronics, automotive, industrial automation, energy storage, battery management, personal computers, servers, IoT, and network communication [1] - The company operates on a fabless business model, focusing on integrated circuit design and R&D while outsourcing manufacturing to external foundries and semiconductor assembly and testing partners [1] - Established in 2005, Zhaoyi Innovation has become a well-known enterprise in the specialized storage chip and MCU sectors in mainland China, building globally influential brands in these areas [1] Market Position - According to Frost & Sullivan, Zhaoyi Innovation ranks second globally and first in mainland China in NOR Flash with a market share of 18.5% as of 2024 sales [2] - The company is sixth globally and first in mainland China in single-level NAND Flash with a market share of 2.2% [2] - In niche DRAM, Zhaoyi Innovation holds the seventh position globally and second in mainland China with a market share of 1.7% [2] - The company ranks eighth globally and first in mainland China in MCU with a market share of 1.2% [2] - In fingerprint sensor chips, it is the second in mainland China with approximately 10% market share [2] Industry Trends - The edge AI sector is rapidly developing, with 2025 expected to mark a significant breakthrough in edge computing capabilities [2] - This transformation allows traditional devices to evolve into intelligent systems with autonomous decision-making capabilities, expanding the application boundaries of AI and presenting new opportunities for companies in the industry [2] Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, were approximately 8.13 billion, 5.76 billion, 7.36 billion, and 4.15 billion RMB respectively [2] - Corresponding profits for the same periods were 2.05 billion, 161 million, 1.10 billion, and 588 million RMB [2]

Core Viewpoint - Zhaoyi Innovation has passed the listing hearing on the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors [1] Company Overview - Zhaoyi Innovation is a diversified integrated circuit design company that provides a variety of chip products including Flash, niche DRAM, microcontrollers, analog chips, and sensor chips for various applications such as consumer electronics, automotive, industrial automation, energy storage, battery management, personal computers, servers, IoT, and network communication [4] - The company operates on a fabless business model, focusing on design and R&D while outsourcing manufacturing to external foundries and semiconductor assembly and testing partners [4] - Established in 2005, Zhaoyi Innovation has become a well-known enterprise in the specialized storage chip and MCU sectors in mainland China, building a globally influential brand [4] Market Position - According to Frost & Sullivan, Zhaoyi Innovation ranks second globally and first in mainland China in NOR Flash with a market share of 18.5% as of 2024 sales [5] - The company ranks sixth globally and first in mainland China in single-level NAND Flash with a market share of 2.2% [5] - In niche DRAM, it ranks seventh globally and second in mainland China with a market share of 1.7% [5] - Zhaoyi Innovation is eighth globally and first in mainland China in MCU with a market share of 1.2% [5] - The company is the second largest in fingerprint sensor chips in mainland China, holding approximately 10% market share [5] Industry Trends - The edge AI sector is rapidly developing, with 2025 expected to mark a significant breakthrough in edge computing capabilities [6] - This transformation is expanding the application boundaries of AI, presenting new opportunities for companies within the industry [6] Financial Performance - Revenue for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, is approximately RMB 81.3 billion, RMB 57.61 billion, RMB 73.56 billion, and RMB 41.5 billion respectively [6] - Profit for the same periods is RMB 20.53 billion, RMB 1.61 billion, RMB 11.01 billion, and RMB 5.88 billion respectively [6] - Detailed financial data shows a decline in gross margin from 45.5% in 2022 to 30.39% in 2023, with a recovery to 35.7% in 2024 [7] - Operating profit margins have also decreased from 28.0% in 2022 to 2.4% in 2023, with a forecasted recovery to 15.6% in 2024 [7]

回顾发展历程，必易微始终秉持"独特创新，易于使用"的公司理念，在不断完善研发体系和工程能力的 同时，坚持以客户需求为中心，推动技术创新成果与应用场景的高效转化。面向未来，公司将继续深耕 模拟及数模混合芯片领域，在新一轮全球竞争中，持续提升产品力、交付力与创新力，力争在关系产业 安全的"卡脖子"关键领域实现更多实质性突破。 必易微从未停止追求卓越的脚步，也从不回避挑战。我们始终坚信，"中国芯"的价值不仅在于"替代"， 更在于"引领"。这是一条需要长期投入、持续突破的道路，但必易微愿意坚定前行，不负时代、不负行 业、不负客户。未来，公司将以更加饱满的热情与坚定的信念，朝着成为全球卓越的芯片设计企业的目 标持续奋进。 必易微以电源管理芯片起步，经过多年持续投入与能力拓展，现已形成以五大产品线协同发展的业务布 局，构建电源管理、电机驱动、电池管理"三电"核心竞争力，并深度融合感知与控制技术，为能源与电 力、家居家电、工业自动化、智能物联四大应用领域客户，提供高质量、高可靠性的一站式芯片解决方 案与系统集成服务。 值得一提的是，在今年12月举办的"第四届电源行业配套品牌颁奖晚会"上，必易微第三次荣膺"国产模 拟IC行业 ...

Core Viewpoint - The article highlights the financial performance and market position of Cong Chain (ICG), noting a recent stock price increase and significant changes in revenue and profit metrics [1] Financial Performance - As of September 30, 2025, Cong Chain reported total revenue of 185 million RMB, a year-over-year decrease of 11.01% [1] - The net profit attributable to the parent company was 78.687 million RMB, reflecting a year-over-year increase of 103.24% [1] Company Overview - Cong Chain Group Limited is a holding company registered in the Cayman Islands, operating through its subsidiaries in China [1] - The company began operations in December 2017 with the establishment of Shanghai International Chain Technology Co., Ltd. in Shanghai, China [1] - Cong Chain is a provider of integrated solutions, focusing on high-performance ASIC chips and supporting software and hardware for blockchain applications [1] - The company employs a fabless business model, specializing in both front-end and back-end IC design, which is a critical part of the IC product development chain [1] - Cong Chain has established a strong supply chain management with leading foundries, ensuring product quality and stable production output [1]

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聆訊後資料集的內容概不負責，對其準確性或 完整性亦不作任何陳述，並明確表示對因本聆訊後資料集的全部或任何部分內容而引致或因依賴本聆訊後 資料集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 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警告 本聆訊後資料集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。 本聆訊後資料集為草擬本，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 ...

Core Viewpoint - The article highlights the recent performance and financial results of Cong Chain (ICG), indicating a significant increase in stock price and a mixed financial outlook for the company [1]. Financial Performance - As of December 16, Cong Chain's stock price increased by 7.19%, reaching $1.64 per share, with a total market capitalization of $99.57 million [1]. - For the fiscal year ending September 30, 2025, Cong Chain reported total revenue of 185 million RMB, a year-over-year decrease of 11.01% [1]. - The company's net profit attributable to shareholders was 78.69 million RMB, reflecting a substantial year-over-year increase of 103.24% [1]. Company Overview - Cong Chain Group Limited is a holding company registered in the Cayman Islands, operating through its subsidiaries in China [1]. - The company began operations in December 2017 with the establishment of Shanghai International Chain Technology Co., Ltd. in Shanghai, China [1]. - Cong Chain is a provider of integrated solutions, focusing on high-performance ASIC chips and supporting software and hardware for blockchain applications [1]. - The company employs a fabless business model, specializing in both front-end and back-end IC design, which is a critical part of the IC product development chain [1]. - Cong Chain has established a strong supply chain management with leading foundries, ensuring product quality and stable production output [1].

Group 1 - The core point of the article is that Zhongying Electronics (SZ 300327) held its sixth fourth board meeting on December 16, 2025, to discuss the proposal for granting restricted stock to incentive targets [1] - For the year 2024, Zhongying Electronics' revenue composition is as follows: integrated circuit design accounts for 99.88%, while other businesses account for 0.12% [1] - As of the time of reporting, Zhongying Electronics has a market capitalization of 9.6 billion yuan [1]