点评：作为"全球唯四全模态进入第一梯队"的大模型公司，MiniMax高估值背后是覆盖C端与B端的AI 原生产品矩阵与全球逾2亿的用户基础。港股上市募资将助力其大模型和AI原生产品的研发。 NO.2瑞博生物启动港股招股 12月31日，瑞博生物-B（HK06938）正式启动港股招股，招股期截至2026年1月6日。公司拟全球发售 2748.74万股H股，其中，香港发售占10%，国际发售占90%，另有超额配股权15%。每股发售价57.97港 元，H股将以每手200股H股为买卖单位，预计H股将于2026年1月9日上午九时正在联交所开始买卖。瑞 博生物是一家从事小核酸药物研究和开发，尤其专注于siRNA（小干扰核糖核酸）疗法的生物制药公 司，拥有一款用于治疗血栓性疾病的核心产品RBD4059。 ｜2026年1月2日 星期五｜ NO.1MiniMax启动港股招股 12月31日，MiniMax（HK00100）正式启动港股招股，招股期截至2026年1月6日。根据招股书， MiniMax本次IPO（首次公开募股）拟发行2538.92万股，每股发售价为151港元至165港元，预计将于1 月9日正式登陆港股资本市场。MiniMax ...

智通财经获悉，据港交所12月29日披露，上海龙旗科技股份有限公司(简称：龙旗科技)向港交所主板提 交上市申请，花旗、海通国际、国泰君安国际为其联席保荐人。该公司曾于2025年6月27日向港交所递 表。招股书显示，龙旗科技(603341.SH)是智能产品和服务提供商，为全球知名智能产品品牌商和领先 的科技企业提供解决方案，包括产品研究、设计、制造及支持。 本文源自：智通财经网 ...

Shanghai Longcheer Technology Co., Ltd. 上海龍旗科技股份有限公司 智通财经APP获悉，据港交所12月29日披露，上海龙旗科技股份有限公司(简称：龙旗科技)向港交所主板提交上市申请，花 旗、海通国际、国泰君安国际为其联席保荐人。该公司曾于2025年6月27日向港交所递表。招股书显示，龙旗科技 (603341.SH)是智能产品和服务提供商，为全球知名智能产品品牌商和领先的科技企业提供解决方案，包括产品研究、设计、 制造及支持。 nnial [編纂]的[編纂]數目 : [编纂]股H股(視乎[編纂]行使與否而定) 「編纂]數目 [编纂]股H股(可予[編纂]) : [編纂]數目 [編纂]股H股(可予[編纂]及視乎[編纂] : 行使與否而定) 每股H股[編纂],另加1.0%經紀佣金、 最高[編纂] : 0.0027%證監會交易徵費、0.00015% 會財局交易徵費及0.00565%聯交所交 易費(須於申請時以港元繳足,多繳股 款可予退還) 每股H股人民幣1.00元 聞值 : 【編纂】 【編纂】 : (於中華人民共和國註冊成立的股份有限公司) [編纂] 聯席保薦人·[編纂] ...

Core Viewpoint - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and listing of Shanghai Longqi Technology Co., Ltd., which plans to issue up to 94,387,200 overseas listed ordinary shares and list on the Hong Kong Stock Exchange [1] Company Overview - Longqi Technology is a leading global provider of smart products and services, offering comprehensive solutions for well-known smart product brands and leading technology companies, including product research, design, manufacturing, and support [1] - The company has developed a diversified product portfolio that includes smartphones, AI PCs, automotive electronics, tablets, smartwatches/bands, and smart glasses [1] - Core clientele includes major brands such as Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo [1]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding Longqi Technology Co., Ltd.'s overseas issuance and listing, allowing the company to issue no more than 94,387,200 shares of overseas listed common stock on the Hong Kong Stock Exchange [1] - Longqi Technology is a leading global provider of smart products and services, offering comprehensive solutions including product research, design, manufacturing, and support for well-known smart product brands and leading technology companies [3] - The company's diverse product portfolio includes smartphones, AI PCs, automotive electronics, tablets, smartwatches/wristbands, and smart glasses, with key clients such as Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo [3]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and listing of Shanghai Longqi Technology Co., Ltd. [1] - Longqi Technology plans to issue no more than 94,387,200 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] Group 2 - Longqi Technology is a leading global provider of smart products and services, offering comprehensive solutions for well-known smart product brands and leading technology companies [3] - The company has developed a diversified product portfolio that includes smartphones, AI PCs, automotive electronics, tablets, smartwatches/bands, and smart glasses [3] - Core customers include major brands such as Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo [3]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding Longqi Technology Co., Ltd.'s overseas issuance and listing, allowing the company to issue no more than 94,387,200 shares of overseas listed common stock on the Hong Kong Stock Exchange [1] - Longqi Technology is a leading global provider of smart products and services, offering comprehensive solutions for well-known smart product brands and leading technology companies, including product research, design, manufacturing, and support [3] - The company has developed a diversified product portfolio that includes smartphones, AI PCs, automotive electronics, tablets, smartwatches/bands, and smart glasses, with core clients including Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo [3]

Core Viewpoint - The Chinese economy is maintaining a stable growth trajectory despite facing various risks and challenges, supported by proactive macroeconomic policies and a focus on innovation and market expansion [1][2][3] Group 1: Economic Performance - The GDP growth rate for the first three quarters of the year is 5.2%, positioning China among the leading major economies globally [1] - From January to October, the industrial added value and service production index increased by 6.1% and 5.7% year-on-year, respectively, indicating robust growth [1] - The urban unemployment rate has continued to decline, and consumer prices have shown positive changes, transitioning from a decrease to an increase [1] Group 2: Demand Potential - The total retail sales of consumer goods increased by 4.3% year-on-year in the first ten months, surpassing the growth rate of the previous year [2] - Exports to ASEAN, the EU, and countries involved in the Belt and Road Initiative grew by 9.1%, 4.9%, and 5.9%, respectively, outpacing the overall growth rate of total goods imports and exports [2] - The focus on strengthening domestic circulation and promoting dual circulation is expected to further expand market demand [2] Group 3: New Productive Forces - The integration of technological and industrial innovation is accelerating, with new productive forces such as artificial intelligence, digital economy, and green economy gaining momentum [2] - The manufacturing value added for smart drones and smart vehicle-mounted devices increased by 54.7% and 25.5% year-on-year, respectively, reflecting strong growth in intelligent product manufacturing [2] - Production of bio-based chemical fibers and carbon fibers increased by 18.9% and 12.8%, respectively, indicating robust growth in green materials [2] Group 4: Macroeconomic Policies - Proactive macroeconomic policies are being implemented, including the introduction of 500 billion yuan in new policy financial tools to enhance local government financial capacity and stimulate effective investment [3] - Recent positive changes in market supply and demand have led to improved corporate profitability, with industrial enterprise profits increasing by 3.2% year-on-year from January to September [3] - The successful convening of the 20th Central Committee of the Communist Party has provided a strong impetus for high-quality development, reinforcing confidence in economic growth [3]

Summary of Key Points Core Viewpoint - Longqi Technology's stock experienced a decline of 1.53% on November 11, with a trading volume of 256 million yuan, indicating a potential shift in investor sentiment and market dynamics [1] Financing and Margin Trading - On November 11, Longqi Technology had a financing buy-in amount of 33.78 million yuan and a financing repayment of 43.90 million yuan, resulting in a net financing outflow of 10.12 million yuan [1] - The total margin trading balance for Longqi Technology as of November 11 was 585 million yuan, with the financing balance accounting for 5.05% of the circulating market value, indicating a high level of financing activity compared to the past year [1] - The company had a margin balance of 5.11 million yuan with a short selling volume of 300 shares and a repayment of 1,200 shares on the same day, reflecting a high level of short selling activity [1] Business Performance - As of September 30, Longqi Technology had 27,000 shareholders, an increase of 15.64% from the previous period, while the average number of circulating shares per shareholder decreased by 13.52% to 9,848 shares [2] - For the period from January to September 2025, Longqi Technology reported a revenue of 31.33 billion yuan, a year-on-year decrease of 10.28%, while the net profit attributable to shareholders increased by 17.74% to 507 million yuan [2] Dividend Distribution - Longqi Technology has distributed a total of 461 million yuan in dividends since its A-share listing [3]

Group 1 - On November 5, Longqi Technology's stock increased by 0.25%, with a trading volume of 306 million yuan [1] - The financing data shows that on the same day, Longqi Technology had a financing purchase amount of 56.07 million yuan and a net financing purchase of 13.53 million yuan, with a total financing and securities balance of 584 million yuan [1] - The current financing balance of Longqi Technology is 581 million yuan, accounting for 4.96% of its circulating market value, which is above the 90th percentile level over the past year [1] Group 2 - As of September 30, Longqi Technology had 27,000 shareholders, an increase of 15.64% from the previous period, while the average circulating shares per person decreased by 13.52% [2] - For the period from January to September 2025, Longqi Technology achieved an operating income of 31.33 billion yuan, a year-on-year decrease of 10.28%, while the net profit attributable to the parent company was 507 million yuan, a year-on-year increase of 17.74% [2] Group 3 - Longqi Technology has distributed a total of 461 million yuan in dividends since its A-share listing [3]