「IPO全观察」 栏目聚焦首次公开募股公司，报道企业家创业经历与成功故事，剖析公司商业模式和 经营业绩，并揭秘VC、CVC等各方资本力量对公司的投资加持。 作者 丨 巴里 编辑 丨 关雎 图源 丨Midjourney 市值超 800 亿 元 人民币的 " 果链 " 龙头歌 尔股份 近期可谓动作频频。 一方面宣布将以 104 亿港元收购两家精密制造港资公司，这笔交易将成为歌 尔股份 成立以来最大规 模并购； 另一方面，其分拆出的子公司 歌尔微电子 股份有限公司（下称"歌尔微"） 已 向港交所 递交招股 书，这家全球第一大声学传感器提供商正冲刺资本市场。 如今， 曾经的 山东首富、 歌 尔股份 董事长姜滨 即将又收获一个 IPO 。 山东 夫妇 又干出一只估值超 200 亿独角兽 总部位于山东青岛的歌尔微，其发展历程可追溯至 2004 年 —— 彼时作为歌尔股份有限公司的业务 部门开启了 MEMS 研发工作。 2017 年，歌尔 微正式 独立出来，两年后，完成了歌 尔股份 微电子业务的整合，当年歌 尔微便实 现 营收 24.43 亿元， 归母净利润 3.17 亿元，在 2019 年全球 MEMS 产业企业收入排名 ...

Core Insights - The city of Bengbu in Anhui province is transforming from a traditional industrial and agricultural hub to a center for the smart sensor industry, leveraging the "China Sensor Valley" initiative [1][10] - The smart sensor industry in Bengbu is supported by a complete ecosystem that includes over 200 related enterprises, aiming to create a trillion-yuan industry cluster [10] Industry Development - The "China Sensor Valley" is developing smart sensors that enhance various applications, including robotics, smart driving, and personal care devices [3][5] - A specific MEMS smart sensor production line in Bengbu is highly automated, featuring a 1500-meter-long overhead crane system that improves efficiency and safety while reducing operational costs by 30 million yuan annually [7][9] Production Capacity - The production line is expected to reach a monthly output of 10,000 8-inch wafers upon full capacity, with plans to increase to 30,000 wafers by 2027 [9] - The sensors produced cater to diverse sectors such as aerospace, automotive electronics, industrial applications, and consumer electronics, thereby enhancing smart vehicles, wearables, and smart city solutions [9]

Core Viewpoint - The trend of companies from Qingdao going public in Hong Kong is gaining momentum, with multiple firms submitting applications for listing on the Hong Kong Stock Exchange (HKEX) in 2023 [1][4]. Group 1: Companies Going Public - Qingdao Guoen Technology Co., Ltd. submitted its listing application to the HKEX on June 26, marking it as the fifth company from Qingdao to pursue a Hong Kong listing this year [1]. - Other companies that have applied for listing include GoerTek, Wenda Technology, Saintong Special Medical, and Kute Intelligent, all of which have significant hard technology attributes and are leaders in their respective sectors [5][8]. Group 2: Market Preferences - The HKEX is favored due to its lower entry requirements and shorter review periods, with nearly 80% of new listings from Qingdao in the past two years being on the HKEX [4]. - The companies listed are primarily in emerging industries such as new generation information technology, artificial intelligence, and life sciences, indicating a strong market demand for hard technology firms [9]. Group 3: Globalization Strategy - A key reason for Qingdao companies seeking to list in Hong Kong is to advance their globalization strategies, allowing them to raise funds in Hong Kong dollars or US dollars for overseas projects [10]. - Companies like Guoen and Kute Intelligent aim to enhance their international presence and operational capabilities through dual listings in both A-shares and H-shares [11][13]. Group 4: Recent Developments - As of 2024, Qingdao has a total of 19 companies listed on the HKEX, raising a total of 11.586 billion yuan, covering various industries including home appliance manufacturing and artificial intelligence [14]. - Recent activities include a roadshow event in May 2023, where several Qingdao companies showcased their potential for future listings, indicating a robust pipeline of candidates for the HKEX [16].

Group 1 - The core viewpoint emphasizes the commitment of Anhui province to accelerate technological innovation and industrial transformation, as highlighted by President Xi Jinping during his visit [1] - Anhui has made significant progress in establishing a robust scientific research infrastructure, with 13 large scientific devices built or under construction, and plans to add 15 national key laboratories in 2024, bringing the total to 23 [2] - The province has successfully created over 1,000 technology patents and nurtured nearly 50 enterprises through its large scientific devices, aiming to become a hub for quantum information, fusion energy, and deep space exploration [2] Group 2 - Anhui has developed a comprehensive innovation system that connects application research, technological innovation, achievement transformation, and industrialization, with 23,000 national high-tech enterprises and 35,000 technology-based SMEs [3] - The province's high-tech manufacturing sector saw a 20.1% increase in value added in the first quarter of this year, indicating strong growth in this area [3] - The establishment of the MEMS technology industry innovation research institute has led to the rapid development of new intelligent sensors, capturing over 80% of the domestic market share within six months [4] Group 3 - Anhui is actively planning the institutional reform of the Hefei Binhu Science City to create an optimal ecosystem for technological and industrial innovation, aiming for leapfrog development during the 14th Five-Year Plan [5]