股票简称：视涯科技 股票代码：688781 视涯科技股份有限公司 SeeYA Technology Corp. （安徽省合肥市新站区合肥综合保税区内通淮中路 99 号） 首次公开发行股票科创板上市公告书 保荐人（联席主承销商） （中国（上海）自由贸易试验区商城路 618 号） 联席主承销商 （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 二〇二六年三月二十四日 1 视涯科技股份有限公司 上市公告书 特别提示 视涯科技股份有限公司（以下简称"视涯科技"、"发行人"、"公司"、 "本公司"）股票将于 2026 年 3 月 25 日在上海证券交易所科创板上市。 根据《上海证券交易所科创板上市公司自律监管指引第 5 号——科创成长 层》，上市时未盈利的科创板公司，自上市之日起纳入科创成长层。截至本公告 披露日，视涯科技尚未盈利，自上市之日起将纳入科创成长层。 普通投资者参与科创板成长层股票或者存托凭证交易的，应当符合科创板投 资者适当性管理的要求，并按照上海证券交易所有关规定，在首次参与交易前以 纸面或者电子形式签署《科创成长层风险揭示书》，由证券公司充分告知相关风 险。 视涯科技股份有限 ...

Core Viewpoint - The "Qixin Weiqi" service brand launched by the Qixia District of Nanjing aims to optimize the business environment and support the high-quality development of the regional economy by providing comprehensive services throughout the entire lifecycle of enterprises [1][8]. Group 1: Service Mechanism - The "Qixin Weiqi" service brand focuses on the development needs of enterprises, aiming to create a service system that covers the entire process of enterprise development [1][3]. - A comprehensive service center has been established to serve as the "main entrance" for enterprise services, ensuring that entrepreneurs can feel secure in starting businesses and investing in Qixia [3][4]. Group 2: Service System Construction - The service system includes a "closed-loop efficient" demand resolution system, implementing a three-tiered service management system to address enterprise needs promptly [4][6]. - A "direct and fast" policy system has been established to ensure that enterprises can easily access and understand the latest policies, with a focus on immediate benefits [4][5]. Group 3: Talent and Financial Services - A talent service system has been created to attract, cultivate, retain, and utilize talent, providing comprehensive support for various aspects of talent integration [5][6]. - A financial system tailored for scientific and technological innovation and small and medium-sized enterprises has been developed, including risk compensation funds and innovative financial products [5][6]. Group 4: Resource Empowerment - The resource empowerment system aims to optimize existing land and factory resources, facilitating precise matching of project demands with available resources [6][7]. - The district emphasizes collaboration between government, industry, and academia to accelerate the transformation and application of scientific and technological achievements [6][7]. Group 5: Recognition and Future Plans - The quality of the "Qixin Weiqi" services has been recognized by local enterprises, which appreciate the respect and support provided by the district [7]. - Moving forward, Qixia District will continue to enhance its five major service systems to create a high-efficiency, warm, diversified, and standardized enterprise service ecosystem [8].

Core Viewpoint - Changsha has released a list of 764 key construction projects for 2026, focusing on industrial development, infrastructure, social welfare, technological innovation, and ecological protection to support high-quality development [13]. Group 1: Industrial Development Projects - The list includes 449 industrial development projects, accounting for nearly 60% of the total, aimed at enhancing the city's industrial strength [13][14]. - Notable projects include the 51.6 billion yuan Magmite Smart Industry Center Phase III, which will establish new production and testing facilities [15]. - The Huike Mini-LED backlight and direct display module project has completed its main structure ahead of schedule, marking a significant step towards becoming a global leader in high-definition display manufacturing [16]. Group 2: Infrastructure Projects - There are 118 infrastructure projects aimed at addressing urban infrastructure gaps, covering areas such as airports, high-speed rail, highways, and power grids [13][19]. - The construction of Changsha Huanghua Airport T3 terminal is nearing completion and is expected to enhance the airport's capacity and service level [20]. - The Chang-Gan high-speed rail project is progressing rapidly, with significant construction milestones achieved, reducing travel time between Changsha and Ganzhou to under 2 hours [21]. Group 3: Social Welfare Projects - The list includes 148 social welfare projects focused on education, healthcare, and housing, aimed at improving the quality of life for residents [13][23]. - The Changsha Olympic Sports Center, set to host the 2029 National Games, has completed its foundation work and is moving to the next construction phase [23]. - The Xiangjun Peicui Experimental School will provide 4,400 quality educational slots upon completion, enhancing local educational resources [23]. Group 4: Technological Innovation Projects - The list features 28 technological innovation projects, including the Xiangjiang Science Center and the Malanshan Audio-Video Laboratory, which are expected to drive industrial transformation and upgrade [17]. - These projects are designed to inject continuous vitality into Changsha's industrial high-quality development through technological advancements [17]. Group 5: Ecological Protection Projects - The list includes 21 ecological protection projects aimed at promoting sustainable development and environmental conservation [13].

Core Viewpoint - The company, Woge Optoelectronics, faced regulatory warnings due to misleading disclosures regarding its involvement in commercial aerospace and brain-computer interface sectors, which led to a temporary stock price surge followed by a decline after clarifications were made [1][5]. Group 1: Regulatory Actions - On February 2, Woge Optoelectronics provided inaccurate and incomplete information regarding its CPI aerospace applications and microfluidic biochip products, prompting the Shanghai Stock Exchange to issue a regulatory warning to the company's then-secretary of the board, Gong Qingyu [1][2]. - Following regulatory pressure, the company clarified that its CPI products had not yet achieved mass production and that previous claims about its industry position were based on its own assessments rather than third-party validation [3][4]. Group 2: Financial Performance - Woge Optoelectronics has reported continuous losses since 2021, with cumulative losses exceeding 580 million yuan by 2025, and is projected to incur a net loss of 100 to 140 million yuan in 2025 [1][7]. - The company’s revenue has shown a gradual increase from 1.05 billion yuan in 2021 to an expected 2.4 to 2.7 billion yuan in 2025, indicating a growth trend despite ongoing losses [7][8]. Group 3: Business Segments - The company's operations are divided into three main segments: traditional glass processing for display panels, new display technologies including glass-based Mini LED and Micro LED products, and glass-based circuit boards for the semiconductor industry [6][8]. - Woge Optoelectronics is focusing on enhancing its core capabilities and market share in existing businesses while facing challenges related to increased R&D and management costs due to new product development and production line construction [8].

Group 1 - The core viewpoint of the article is that the company, 深天马A, has stated its commitment to a dividend distribution plan that aligns with regulatory requirements and considers its operational performance and future development plans [1] - The company plans to actively return profits to investors through dividends when conditions are met, in line with its business development strategy [1]

Group 1 - Rainbow Holdings announced that Xianyang Financial Holding Group Co., Ltd. holds approximately 1.113 billion shares of the company, accounting for 31.01% of the total shares [1] - After the release of the pledge, the cumulative number of pledged shares is approximately 760 million, representing 68.29% of its holdings [1] - Following the pledge, the cumulative number of pledged shares is approximately 794 million, which accounts for 71.35% of its holdings [1] Group 2 - Xianyang Financial Holding and its concerted actions hold about 1.222 billion shares of the company, making up 34.04% of the total shares [1] - After the pledge, the cumulative number of pledged shares is approximately 881 million, which represents 72.11% of its holdings [1] Group 3 - Automotive sales giant Baolide, known for selling luxury cars like Rolls-Royce and Porsche, is now undergoing bankruptcy liquidation [1] - The headquarters in Hangzhou is reported to be vacant, and the subsidiary in Yiwu has been sealed [1]

Group 1 - The core point of the news is that Shen Tianma A's stock price dropped by 5.04% to 9.61 yuan per share, with a trading volume of 274 million yuan and a turnover rate of 1.13%, resulting in a total market capitalization of 23.619 billion yuan [1] - Tianma Microelectronics Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on November 8, 1983, with its listing date on March 15, 1995. The company's main business involves display core businesses for mobile smart terminals like smartphones and tablets, as well as key businesses for automotive displays and value-added services in medical and industrial control sectors. The revenue composition is 99.05% from displays and display modules, and 0.95% from other sources [1] Group 2 - From the perspective of major fund holdings, data shows that a fund under China Construction Bank has heavily invested in Shen Tianma A. The fund, China Construction Bank CSI 500 Index Quantitative Enhancement Initiation A (016267), increased its holdings by 244,400 shares in the fourth quarter, bringing the total to 324,200 shares, which accounts for 1.21% of the fund's net value, making it the fourth-largest holding. The estimated floating loss today is approximately 165,300 yuan [2] - The fund manager of China Construction Bank CSI 500 Index Quantitative Enhancement Initiation A is Ye Letian and Liu Minghui. As of the report, Ye Letian has a cumulative tenure of 13 years and 319 days, with a total fund asset size of 6.782 billion yuan, achieving a best fund return of 328.03% and a worst return of -18.94% during his tenure. Liu Minghui has a cumulative tenure of 4 years and 97 days, managing a total fund asset size of 2.369 billion yuan, with a best return of 63.9% and a worst return of 1.23% during his tenure [3]

Core Viewpoint - The company, Rainbow Co., Ltd. (600707.SH), anticipates a significant decline in net profit for the year 2025, projecting a decrease of 68.55% to 73.39% compared to the previous year, primarily due to falling TV panel prices and increased management costs [1] Financial Projections - The expected net profit attributable to shareholders for 2025 is estimated to be between 330 million to 390 million yuan, a decrease of 850 million to 910 million yuan year-on-year [1] - The projected net profit after deducting non-recurring gains and losses is expected to be between 180 million to 240 million yuan, representing a decline of 797 million to 857 million yuan year-on-year [1] Business Operations - The company reports stable progress in its production and operations, with an ongoing enhancement in the capacity configuration for large-size high-refresh liquid crystal panel products [1] - The substrate glass business is advancing with the construction of the G8.5+ substrate glass project, leading to continuous growth in production and sales revenue for G8.5 liquid crystal substrate glass products [1] - However, the production and sales volume of G6 liquid crystal substrate glass products have significantly decreased year-on-year due to market factors [1] Reasons for Performance Decline - The primary reason for the anticipated decrease in operating performance is the decline in gross profit from the panel business due to lower TV panel product prices compared to the previous year [1] - There has been a substantial increase in intermediary service fees within management expenses year-on-year [1] - The completion of a 30% equity transfer of the subsidiary, Xianyang Rainbow Optoelectronics Technology Co., Ltd., in July 2025 will also contribute to a corresponding reduction in net profit attributable to shareholders [1]

Group 1 - The company emphasizes the importance of market value management and has integrated market value management indicators into its assessment system [1] - Since 2025, the company has focused on protecting shareholder interests and enhancing investor confidence, releasing several announcements including the "Valuation Enhancement Plan" and commitments from major shareholders not to reduce their stakes [1] - The management will continue to take proactive measures to improve operational quality and will enhance company value through various means such as standardized operations, improved information disclosure quality, and increased communication with investors [1]

Core Viewpoint - The company, Deep Tianma A, anticipates significant growth in its automotive business, driven by strong performance in traditional vehicle displays and rapid expansion in automotive electronics and domestic new energy sectors [2] Group 1: Company Performance - The overall sales of the company's automotive business are expected to increase by approximately 24% year-on-year in the first three quarters of 2025 [2] - The traditional vehicle display segment is showing stable growth, contributing positively to the overall performance [2] Group 2: Market Outlook - The company remains optimistic about the development prospects of the automotive display market [2] - There is a commitment to actively seize growth opportunities and adapt to changes in the industry chain, particularly in automotive electronics and new energy sectors [2]