Core Viewpoint - Asahi Kasei's participation in the 2025 China International Import Expo highlights a strategic shift towards "co-creation" in response to the rapid development of the Chinese market, emphasizing collaboration with local partners to seize market opportunities [1][3]. Group 1: Co-Creation Strategy - The concept of "co-creation" is central to Asahi Kasei's exhibition, focusing on four key areas: automotive manufacturing, digital development, healthy living, and low-carbon energy, showcasing core technologies rather than finished products [2]. - Asahi Kasei has licensed its acetonitrile electrolyte technology, which operates stably in extreme temperatures, to a German company and is eager to collaborate with Chinese battery manufacturers to leverage the booming electric vehicle market [2][4]. Group 2: Localized Approach - The company's shift from a "one-way output" model to a collaborative approach was marked by a partnership with a leading Chinese beverage brand, resulting in the successful application of an eco-friendly printing technology within a year [3]. - Asahi Kasei has established two co-creation centers in Shanghai and Shenzhen, allowing engineers from both the company and partner automotive firms to work together on real-time problem-solving and product development [4]. Group 3: Market Adaptation - The company recognizes the unique characteristics of the Chinese consumer market, adapting its products to meet local preferences, such as customizing interior materials for automotive clients based on specific demands [5]. - Asahi Kasei's focus on "demand-driven co-creation" is evident in its development of a non-contact radar module for monitoring health, addressing the challenges posed by an aging population in China [5]. Group 4: Growth and Future Plans - Asahi Kasei has over 20 legal entities and 3,000 employees in China, with a growing revenue share from the Chinese market, attributed to the alignment of consumer demands for quality and environmental sustainability with the company's mission [6]. - The company is expanding its co-creation model beyond automotive to include biomedicine and low-carbon materials, with ongoing discussions with Chinese pharmaceutical companies regarding a virus removal filter technology [6].

Core Viewpoint - The China International Import Expo (CIIE) serves as a comprehensive platform that transcends industry boundaries, allowing companies like Asahi Kasei to showcase their innovations and establish connections with various stakeholders [1][2]. Group 1: Company Overview - Asahi Kasei is a diversified chemical manufacturing company headquartered in Japan, participating in the CIIE for the fourth consecutive year [1]. - The theme for this year's exhibition is "Empowering Diverse Materials, Co-Creating New Productive Forces," focusing on innovations in automotive manufacturing, digital development, health living, and low-carbon green energy [1]. Group 2: Market Strategy - Asahi Kasei aims to keep pace with China's rapid development, establishing co-creation laboratories in Shenzhen and Suzhou for deep collaboration with clients and partners in sensor and bioengineering sectors [2]. - The company has set up a technology center in Shanghai to align with local R&D speed in the engineering plastics field [2]. Group 3: Innovations and Exhibits - A highlight of this year's CIIE for Asahi Kasei is the display of an automotive solutions experience vehicle, featuring the immersive sound solution "VELVET SOUND for Cars," allowing visitors to experience high-quality audio [2]. - The company is also advancing its green printing technology, specifically the water-washable printing plate AWP, in collaboration with domestic brands [2]. Group 4: Future Collaborations - Asahi Kasei expresses eagerness to establish more partnerships at the eighth CIIE, viewing it as a gateway to high-quality co-creation opportunities [3].

Group 1: Recent IPOs - Zhuoyuan, a corporate services company, successfully listed on NASDAQ, raising $5.6 million with a market capitalization of $32.11 million [1] - Wangsu Technology, a supply chain management service provider, listed on NASDAQ, raising $9.5 million with a market capitalization of $112 million [2] - Haixi New Drug, a pharmaceutical company, successfully listed on the Hong Kong Stock Exchange, raising approximately HK$994 million with a market capitalization of HK$8.603 billion [3] - Jushuitan, an e-commerce SaaS ERP provider, listed on the Hong Kong Stock Exchange, raising approximately HK$2.086 billion with a market capitalization of HK$14.852 billion [4] - Guanghetong, a wireless communication module provider, completed its "A+H" listing on the Hong Kong Stock Exchange, raising approximately HK$2.904 billion with a market capitalization of HK$24.891 billion [5] Group 2: Upcoming IPOs - Bama Tea, a high-end tea brand, plans to issue 9 million shares, aiming to raise approximately HK$428 million, with an expected listing date of October 28 on the Hong Kong Stock Exchange [6] - Cambridge Technology, a supplier of optical and wireless connection devices, plans to issue 67.01 million shares, aiming to raise approximately HK$4.616 billion, with an expected listing date of October 28 [7] - Dipu Technology, an AI application solution provider, plans to issue 26.63 million shares, aiming to raise approximately HK$710 million, with an expected listing date of October 28 [8] - Sany Heavy Industry, an engineering machinery company, plans to issue 580 million shares, aiming to raise approximately HK$12.064 billion, with an expected listing date of October 28 [9] - Minglue Technology, a data intelligence application software company, plans to issue 7.219 million shares, aiming to raise approximately HK$1.018 billion, with an expected listing date of November 3 [10] Group 3: Companies Filing for IPO - Sijiao Infrastructure Fund, a public open-end fund, filed for an IPO on the Hong Kong Stock Exchange, focusing on infrastructure investments [11] - Qingtian Quansuitong, a cross-border intelligent tax solution provider, filed for an IPO on the Hong Kong Stock Exchange, ranking first in the cross-border enterprise intelligent tax solution market [12] - Lakala, an independent digital payment service provider, filed for an IPO on the Hong Kong Stock Exchange, holding a 9.4% market share in the independent digital payment service sector [13] - Yuwang Biological Nutrition, a supplier of food-grade refined fish oil, filed for an IPO on the Hong Kong Stock Exchange, being the largest supplier in its category with an 8.1% market share [14] - Jintian Animation, an IP fun food company, filed for an IPO on the Hong Kong Stock Exchange, focusing on fun and healthy food products [15] Group 4: Companies Undergoing Hearing for IPO - Pony.ai, an autonomous driving technology company, passed the hearing for its IPO on the Hong Kong Stock Exchange, focusing on safe and reliable autonomous driving solutions [19] - Joyson Electronics, a smart automotive technology solution provider, passed the hearing for its IPO on the Hong Kong Stock Exchange, ranking second in the automotive passive safety product sector [20] - WeRide, an autonomous driving technology company, passed the hearing for its IPO on the Hong Kong Stock Exchange, ranking second in the global market for urban road L4-level autonomous driving [21] - Wangshan Wangshui, a biopharmaceutical company, passed the hearing for its IPO on the Hong Kong Stock Exchange, focusing on innovative small molecule drug development [22] - Baitian Tianheng, an innovative biopharmaceutical company, passed the hearing for its IPO on the Hong Kong Stock Exchange, developing ADC drugs and multi-specific antibody drugs [23] - Tianyu Semiconductor, a silicon carbide epitaxial wafer supplier, passed the hearing for its IPO on the Hong Kong Stock Exchange, holding a 38.8% market share in the silicon carbide epitaxial wafer market [24] Group 5: Companies Approved for Filing - Six companies, including Naxin Micro and Baiguoyuan, received approval for overseas IPOs and domestic unlisted shares "full circulation" filing from the China Securities Regulatory Commission [25]