公司业务围绕三大解决方案展开，持续推动技术迭代与市场拓展。核心业务为图像传感器解决方案，在 智能手机CIS领域，豪威集团于2025年4月推出适用于旗舰智能手机的OV50X图像传感器，通过搭载 LOFIC技术，在任何光照条件下可实现单次曝光HDR。 在汽车CIS领域，豪威集团相继推出采用 TheiaCel 技术的OX08D10 800万像素CIS、OX05D10 500万像 素CIS、OX12A10 1200万像素CIS 及OX03H10 300万像素CIS，能够满足新一代ADAS和自动驾驶的机器 视觉要求。 12月14日，作为全球领先的Fabless半导体设计公司豪威集成电路(集团)股份有限公司(简称：豪威集团 （603501）)(603501.SH)通过港交所主板上市聆讯，UBS、CICC、PASCHK、GFSHK为其联席保荐人。 在医疗CIS 领域，豪威集团于2024年6月发布了全新的OCH2B30摄像头模组，适用于3D口腔牙科扫描 仪，提供超小型摄像头模组，促进其在牙科学领域的应用。集团亦于2024年新成立了机器视觉部门，且 作为端侧AI计划的一部分，于2024年7月发布了全新的OP03050和OG0T ...

纳芯微创始人、董事长、CEO王升杨在接受经济观察报等媒体采访时表示："作为一家芯片企业，如果想真正变成全球领导者，单靠经营中国市场是不够的 ——哪怕中国已经是全球最大的单一市场。" 过去多年来，中国模拟芯片企业往往被困在10亿美元营收的"隐形天花板"之下。此次获得香港这一全球化新支点的纳芯微，未来能否跨越这道鸿沟？ 香港支撑全球化突围 纳芯微联合创始人、副总经理、COO王一峰将中国芯片的出海之路概括为"三步走"战略：Local for Local（本地为本地）, Local for Global（本地为全球）, Global for Global（全球为全球）。 12月8日，纳芯微（02676.HK）正式在香港联合交易所主板挂牌上市，成为模拟芯片行业少数构建"A+H"双资本平台的企业。 以2024年汽车模拟芯片的收入计，纳芯微在中国汽车模拟芯片市场中位列中国厂商第一名，成为中国模拟芯片的代表性企业之一。 港股上市之际，纳芯微将香港定位为海外总部，以此作为面向世界的战略枢纽。这意味着，纳芯微赴港上市的目的不只是募集资金，也是为搭建一个高规格 的出海平台。 其中，过去两三年即是"Local for Local"阶 ...

12月9日晚间，思瑞浦(688536.SH)公告表示，该公司决定终止筹划重大资产重组事项，股票自次日起复牌。 同样在12月9日，帝奥微(688381.SH)举办终止发行股份购买资产的投资者说明会。帝奥微董事长、总经理鞠建宏表示，交易各方 就此次交易的交易方案、交易价格、业绩承诺等核心条款未能达成一致意见，一致同意终止筹划此次交易。 从思瑞浦发起对宁波奥拉半导体股份有限公司的并购到终止并购，仅隔半个月时间；帝奥微并购荣湃半导体(上海)有限公司，从 发起到终止同样仅隔两个多月。 而这两桩"火速"终止的并购，均为模拟芯片横向并购。国内模拟芯片厂商加速横向整合 今年以来，模拟芯片领域掀起了"并购潮"，尤其以雅创电子（301099）(301099.SZ)为代表的内资模拟企业横向并购动作不断。 | 时间 | 企业名称 | 被收购方 | 状态 | | --- | --- | --- | --- | | 2025年11月 | 思瑞浦 | 宁波奥拉半导体股份有限公司 | 已终止 | | 2025年9月 | 帝奥微 | 荣湃半导体(上海)有限公司 | 已终止 | | 2025年9月 | 雅创电子 | 深圳欧创芯半导体有限公司、深 ...

"安永企业家奖"2025获奖名单正式公布，十二位来自中国内地和中国香港/澳门的杰出企业家获得了"安永企业家奖"2025殊荣。 让我们来认识一下科技业获奖企业家。 安永企业家奖2025获奖者 科技业 张世龙博士是典型的"技术派"企业家，是中国模拟芯片产业的开拓者和领军人物之一。 李平主导了赤子城科技两次关键战略决策：2013年带领公司出海发展，以Solo Launcher等产品收获亿级用户；2014年布局海外开放式社交市场，构建了覆 盖上百个国家的社交娱乐生态，组建本地化团队深耕中东北非等高文化壁垒区域，积累资本用于战略性收购与创新孵化，打造了多元、稳健、可持续的业 务结构。 赤子城科技构建了多元化产品矩阵，拥有MICO、YoHo、SUGO等全球化社交平台及Blued、HeeSay等多元人群社交产品，年营收突破50亿元人民币，市 值超180亿元人民币，展现强劲发展态势。赤子城科技全球总部落户香港科学园，持续以香港为支点升级全球布局，吸引全球顶尖人才，强化技术创新。 李平始终践行赤子城科技"创造美好情绪价值"的使命，未来将继续带领赤子城科技在社交娱乐全球市场中前进。 推荐阅读 怀着"打造一家世界级的模拟芯片公司" ...

作为中国少数在传感器、信号链、电源管理三大核心领域均实现深度布局的企业，纳芯微凭借体系化技术平台与产品矩阵，在汽车电子、泛能 源、智能终端等关键赛道建立领先优势，从"中国模拟芯片标杆"加速迈向"全球优选供应商"。 纳芯微创始人、董事长、CEO 王升杨表示，港股上市不仅是一次业务发展的里程碑，更是公司全球叙事的起点。公司将以此次上市为锚，持 续加大底层技术投入、扩展产品组合、完善海外销售与市场体系，并推动全球化运营能力跃升，为客户与合作伙伴提供长期价值。 2025年12月8 日，纳芯微正式在香港联合交易所主板挂牌上市，成功构建"A+H"双资本平台，标志着公司全球化战略迈入全新阶段。 纳芯微将香港定位为海外总部，以此作为面向世界的战略枢纽，加速全球客户服务、供应链协同与生态建设，强化其在国际模拟芯片产业中的 参与度与影响力。 扬帆启航，向全球进发。纳芯微的下一章，已在香港开启。 ...

2025年11月28日，苏州纳芯微电子股份有限公司在香港联交所网站正式递交H股招股说明 书，预计将于12月8日正式挂牌交易。作为一家已在科创板上市、深耕模拟芯片领域多年的 企业，纳芯微正以A+H的架构迈入新的发展阶段，为其全球化布局打开更广阔的资本与产业 合作空间。 从招股书披露的内容来看，本次H股发行呈现出三个颇具信号意义的特征： 其一，基石投资者阵容极为亮眼，涵盖国家级战略基金、产业链龙头企业以及国际知名投资机构， 显示出多元资本对纳芯微未来增长的高度认可；其二，发行结构中，国际配售占比高达90%，面向 全球机构投资者，彰显出公司主动拥抱国际资本市场的战略方向；其三，纳芯微在多个关键细分赛 道已建立起稳固的技术与市场领先地位，为其国际化扩展提供了扎实的业务基础。 综合来看，这三大特征的叠加，使纳芯微此次赴港上市不仅成为公司自身发展的重要里程碑，也为 中国半导体企业深化国际化探索提供了一个具有代表性的样本。 国家级基金领投，组成最强基石组合 模拟芯片作为连接物理世界与数字世界的核心器件，是半导体产业中最基础、也最不可替代的环 节，广泛应用于汽车电子、工业控制、通信设备及大量智能终端。 然而，这一关键赛道长期 ...

Investment Rating - The report assigns an IPO-specific rating of 5.6 out of 10 for the company, based on operational performance, industry outlook, valuation, and market sentiment [6]. Core Insights - The company, Naxin Micro (2676.HK), is a fabless analog chip design firm focusing on automotive electronics, energy, and consumer electronics, with a comprehensive product line including sensors, signal chain chips, and power management chips [1]. - Revenue is projected to grow from 1.67 billion in 2022 to 1.96 billion in 2024, with a significant increase in the first half of 2025, driven by demand in automotive electronics and the integration of the acquired company, Maiguan [1]. - The company ranks fifth among domestic analog chip firms in China and leads in automotive analog chip revenue, with strong customer recognition in the rapidly growing electric vehicle market [2]. Company Overview - Naxin Micro has over 3,600 product models and holds a strong market position in niche areas like digital isolation chips and magnetic sensors [1]. - The automotive electronics and energy sectors contribute over 85% of the company's revenue, highlighting their role as key growth drivers [1]. Industry Status and Outlook - The company is positioned to benefit from the domestic semiconductor market's growth and the trend towards localization, particularly in the automotive sector, where demand for automotive-grade chips is surging [3]. - The company has a low overseas revenue contribution (1.0% in the first half of 2025) but plans to expand its global market presence [3]. Strengths and Opportunities - Naxin Micro is the largest domestic manufacturer of silicon carbide epitaxial wafers, with a production capacity of 420,000 wafers, which will further enhance its competitive edge [3]. - The company aims to increase its market share through product diversification and expanding its sales network internationally [3]. Financial Information - The company plans to raise approximately 2.21 billion HKD from its IPO, with funds allocated for technology enhancement, product diversification, and market expansion [10]. - The estimated market capitalization post-IPO is 18.745 billion HKD, with a net asset value per share of 47.33 HKD [11].

Group 1 - China's assets are increasingly recognized as essential for global investors, with a focus on smart allocation strategies rather than the viability of investment [1] - The year 2026 is highlighted as a pivotal moment for overseas capital to reassess and invest in Chinese assets, driven by factors such as declining interest rates and the AI revolution [1] - The Ministry of Industry and Information Technology has launched a plan to enhance the adaptability of supply and demand in consumer goods, aiming for a dynamic balance to stimulate economic growth [2] Group 2 - The technology sector, particularly in areas like AI, semiconductors, and robotics, is experiencing a positive growth trend, with new thematic funds being introduced to cater to investor interests [2][4] - A roadshow in Australia showcased Chinese companies' innovation stories and the potential for high-quality economic development, attracting interest from major investment institutions [3] - The ETF market is expanding rapidly, with new products focusing on innovative sectors being launched and approved, indicating a strong demand for investment in hard technology [4][7] Group 3 - The acquisition of control over Aola by Srypu reflects a trend of consolidation in the analog chip industry, which is seen as necessary for growth and strength in the sector [5] - The GPU market is witnessing significant interest, with institutional investors heavily participating in the subscription process for domestic GPU stocks [6][7] - A surge in mergers and acquisitions among state-owned enterprises indicates a structural shift towards more strategic and synergistic deals, particularly in emerging industries [9] Group 4 - The "human-vehicle-home" ecosystem is rapidly emerging, with major companies like Midea and BYD collaborating to integrate smart technologies across sectors [10]

Core Viewpoint - The acquisition of Aola Co., Ltd. by Srypu is a strategic move in the context of the accelerating consolidation in the analog chip industry, aiming to create a strong partnership that leverages complementary strengths in various chip technologies [2][6][8] Group 1: Acquisition Details - Srypu announced plans to acquire control of Aola Co., Ltd. through a combination of share issuance and cash payments, with the stock suspension expected to last no more than 10 trading days [2] - Aola Co., Ltd. has previously attempted an IPO on the Sci-Tech Innovation Board in 2022 and sought acquisition by *ST Shuangcheng in 2024, but both efforts were unsuccessful [2][4] - The acquisition is seen as a response to the trend of consolidation in the analog chip industry, where companies are merging to enhance their market positions and product offerings [2][6] Group 2: Financial Performance - Aola Co., Ltd. reported revenues of 478 million yuan and 472 million yuan in 2022 and 2023, respectively, with net losses of 856 million yuan and 962 million yuan during the same periods; however, it turned profitable in the first half of 2024 with revenues of 538 million yuan and a net profit of 307 million yuan [3][4] Group 3: Market Context - The analog chip industry is characterized by a wide variety of products and long life cycles, making mergers and acquisitions a common strategy for growth [6] - Srypu has transformed from focusing solely on wireless communication to becoming a comprehensive platform covering multiple markets, including industrial, automotive, and consumer sectors [6][7] - Aola Co., Ltd. holds a 10.19% market share in the global de-jitter clock chip market and has established a significant partnership with ON Semiconductor for multi-phase power technology, valued at 144 million USD [7][8] Group 4: Strategic Synergies - The combination of Aola Co., Ltd.'s expertise in high-performance clock and power management chips with Srypu's product matrix in signal chain and power management is expected to create a strong alliance in the analog chip sector [8] - The collaboration is particularly promising in the AI domain, where the integration of both companies' technologies can provide comprehensive analog solutions for various applications [8]

Group 1: Company News - Simulated chip leader Si Rui Pu plans to acquire shares of Ningbo Aura Semiconductor, potentially constituting a major asset restructuring, with trading suspension starting November 26 [3] - Pu Ran Co. is planning to acquire 49% of Zhuhai Noah Changtian Storage Technology through share issuance, with trading suspension starting November 26 [3] - Spring Autumn Electronics intends to make a voluntary cash offer to acquire all shares of Asetek A/S, with a total offer price not exceeding 547 million Danish Krone (approximately 598 million RMB) [4] - Guosheng Technology plans to acquire 100% of Tongling Fuyue Technology for 240.6 million RMB, which will positively impact the company's operations if successful [5] - Upwind New Materials elected Peng Zhihui as chairman and appointed Tian Hua as CEO, with terms aligned with the board's duration [5] - Junting Hotel's controlling shareholder is planning a change in control, leading to a trading suspension starting November 26 [6] Group 2: Industry News - The National Space Administration has issued a plan to promote high-quality and safe development in commercial aerospace, encouraging long-term and strategic investments [2] - From January to October, China's total foreign direct investment reached 1,033.23 billion RMB, a year-on-year increase of 7% [2] - In October, the National Energy Administration issued 370 million green power certificates, with 42.61% being tradable [2]