Core Viewpoint - Unisplendour Corporation Limited (紫光股份) has submitted a prospectus to list on the Hong Kong Stock Exchange, marking its second attempt after a previous application lapsed in May 2025. The company is a leading provider of digital and AI solutions, with a market capitalization of approximately RMB 70.96 billion as of December 3, 2025 [2][16]. Business Overview - Established in 1999 and listed on the Shenzhen Stock Exchange, Unisplendour is recognized as one of the three companies in China providing comprehensive digital solutions. It offers a full-stack intelligent ICT infrastructure, software, and cloud services primarily for AI training and big data processing [3][18]. - The company's main business segments include (i) digital solutions and (ii) ICT product distribution. Digital solutions support clients' digital transformation and AI applications, while ICT product distribution involves selling a wide range of products sourced from well-known domestic and international brands [4][18]. Financial Performance - For the fiscal years ending December 31, 2022, 2023, and 2024, and the first half of 2025, Unisplendour reported revenues of RMB 73.75 billion, RMB 77.54 billion, RMB 79.02 billion, and RMB 47.42 billion, respectively. Corresponding net profits were RMB 3.74 billion, RMB 3.68 billion, RMB 1.98 billion, and RMB 1.28 billion [13][28]. - The revenue breakdown for 2024 indicates that digital solutions accounted for 70.5% of total revenue, while ICT product distribution contributed 29.3% [19][22]. Market Position - According to Frost & Sullivan, Unisplendour ranks third in China's digital infrastructure market with an 8.6% market share as of 2024. It holds the second position in the network market with a 12.8% share and is also second in the computing infrastructure market with an 8.2% share. In the storage infrastructure market, it ranks fifth with a 3.1% share [7][20]. Shareholder Structure - Prior to its listing in Hong Kong, the major shareholder of Unisplendour is Tibet Unisplendour Communication, which holds approximately 28% of the company. This entity is fully owned by Beijing Unisplendour Communication, which in turn is wholly owned by New Unisplendour Group [23][24]. Management Team - The board of directors consists of nine members, including two executive directors: Yu Yingtao (Chairman) and Wang Hongtao (President). There are three non-executive directors and four independent non-executive directors, ensuring a diverse governance structure [11][26].

据招股书，紫光股份是全球领先的数字化解决方案提供商，该等解决方案包括ICT基础设施产品、软件及云服务，主要用于人工智能训练及推理以及大数 据处理等场景。于往绩记录期间，紫光股份超过90%的收入来自中国内地，而少于10%的收入来自海外。 根据弗若斯特沙利文的资料，按收入计，于2024年，紫光股份为中国数字基础设施市场的第三大供应商，市场份额为8.6%。中国数字基础设施市场是中 国数字化解决方案市场的一个细分市场。按收入计，于2024年，公司在中国数字化解决方案市场排名前十。 紫光股份提供的解决方案能够帮助各行各业的客户加速其数字化和智能化转型。公司的核心业务为： 数字化解决方案：公司的数字化解决方案包括广泛的产品，旨在为客户的数字化转型及人工智能应用提供支持，其中包括：设计、开发及供应ICT基础设 施产品，包括计算、存储、联接及安全产品，其可作为独立产品提供，也可以作为量身定制的总包解决方案提供以满足客户的特定要求。此外，公司提供 云与智能软件平台以及基础设施产品。该等平台作为管理及运营环境，支持硬件资源的部署、使用及集成。提供云服务及系统集成服务，作为基础设施产 品组合的补充，满足客户的特定需求。 ICT产品 ...

ICT产品分销： 除自主研发的产品外，公司还向中国客户分销购自国内外品牌的ICT产品。顺应人工智能技 术的兴起，公司在交付人工智能开发及广泛采用所必需的基础设施及技术能力方面积累了专业知识。公司 的解决方案是行业客户的数字化支柱，可加速人工智能落地并支持各行各业的数字化转型。 截至12月3日收盘，紫光股份(000938.SZ)报24.81元/股，市值709.59亿元。 公司的数字化解决方案产品组合包括ICT基础设施产品（涵盖计算、存储、联接、安全）以及云服务及系统 集成。根据弗若斯特沙利文的资料，截至2025年6月30日，紫光股份是中国三家提供综合数字化解决方案的 公司之一。 此外，有相当大部分ICT基础设施产品在各自类别的市场份额中占据领先地位。根据弗若斯特沙利文的资 料，紫光股份于2024年在中国数字基础设施市场收入排名第三，市场份额为8.6%；于2024年在中国网络基 础设施市场收入排名第二，市场份额为12.8%；于2024年在中国计算基础设施市场收入排名第二，市场份额 为8.2%；于2024年在中国存储基础设施市场收入排名第五，市场份额为3.1%。 据港交所12月3日披露，紫光股份有限公司向港交所主板 ...

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Unisplendour Corporation Limited 紫光股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 紫光股份有限公司 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向本公司、其聯席保薦人、整體協調人、顧問或包銷團成員表示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記前，不 會向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依 據於香港公司註冊處處長註冊的本公司招股章程作出投資決定。該文件的文本將於發售期內向公眾人士刊 發。 (a) 本文件僅為向香港公 ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Unisplendour Corporation Limited 紫光股份有限公司 (the "Company") (A joint stock limited company incorporated in the People ...

Core Viewpoint - Unisplendour Corporation Limited (紫光股份) is a leading global provider of digital and artificial intelligence solutions, focusing on comprehensive ICT infrastructure products and advanced cloud intelligence platforms [1][2]. Group 1: Company Overview - Unisplendour Corporation is recognized as a global leader in providing digital and AI solutions [2]. - The company offers a full-stack intelligent ICT infrastructure product line, which supports various industries in accelerating their digital and intelligent transformation [2]. Group 2: Product Offerings - The company designs and sells a diverse range of ICT infrastructure products that cover the entire digital solution industry chain, including key products such as cloud, network, security, computing, storage, and endpoints [2]. - In addition to ICT infrastructure products, Unisplendour provides one-stop digital solutions that integrate cloud computing, big data, artificial intelligence, Internet of Things, cybersecurity, smart connectivity, and edge computing, maximizing the technological investment benefits for clients [2]. - The company also distributes globally recognized ICT products in China [2].

该公司设计并销售一系列多元化的ICT基础设施产品，覆盖整个数字化解决方案产业链，关键产品包括云-网-安-算-存-端。作为对ICT基础设施产品供应的补 充，该公司提供一站式数字化解决方案，整合云计算、大数据、人工智能、物联网、网络安全、智能联接和边缘计算，助力客户技术上的投资效益最大化。 此外，还在中国分销全球知名品牌的ICT产品。 | 29/05/2025 | 紫光股份有限公司 | | --- | --- | | | 12/06/2025 整體協調人公告 - 委任（經修訂） 『四 | | | 29/05/2025 申請版本（第一次呈交）全文檔案 [四]多檔案》 | | | 前提交文件: | | | 29/05/2025 整體協調人公告 - 委任 歴 | 据招股书，紫光股份是全球领先的数字化和人工智能解决方案提供者。该公司提供全栈智能ICT基础设施产品，并辅以先进的云端智能平台。提供的解决方 案能够帮助各行各业的客户加速其数字化和智能化转型。 智通财经APP获悉，紫光股份有限公司(简称：紫光股份)(000938.SZ)于5月29日所递交的港股招股书满6个月，于11月29日失效，递表时中信建投国际、法国 巴黎银行 ...

据招股书，紫光股份是全球领先的数字化和人工智能解决方案提供者。该公司提供全栈智能ICT基础设施产品，并辅以先进的云端智能平台。提供的解决方 案能够帮助各行各业的客户加速其数字化和智能化转型。 该公司设计并销售一系列多元化的ICT基础设施产品，覆盖整个数字化解决方案产业链，关键产品包括云-网-安-算-存-端。作为对ICT基础设施产品供应的补 充，该公司提供一站式数字化解决方案，整合云计算、大数据、人工智能、物联网、网络安全、智能联接和边缘计算，助力客户技术上的投资效益最大化。 此外，还在中国分销全球知名品牌的ICT产品。 紫光股份有限公司(简称：紫光股份)(000938.SZ)于5月29日所递交的港股招股书满6个月，于11月29日失效，递表时中信建投国际、法国巴黎银行及招银国际 为其联席保荐人。 | 29/05/2025 | 紫光股份有限公司 | | --- | --- | | | 12/06/2025 整體協調人公告 - 委任（經修訂） 四 | | | 29/05/2025 申請版本（第一次呈交）全文檔案 [四]多檔案》 | | | 前提交文件: | | | 29/05/2025 整體協調人公告 - 委任 歴 ...

Core Insights - The 23rd Guangzhou Auto Show has highlighted the intense competition among car manufacturers to partner with Huawei, showcasing a significant shift in the automotive industry towards embracing Huawei's technology solutions [2][3] - Huawei's strategy focuses on not manufacturing cars but rather assisting car manufacturers in creating better vehicles through various collaboration models, including component supply and full-stack solutions [2][3] Group 1: Huawei's Role in the Automotive Industry - Huawei has established partnerships with over 10 car manufacturers, resulting in more than 30 mass-produced models, covering price ranges from 150,000 to 1,000,000 yuan [3] - The company aims to have over 80 models collaborating with Huawei's technology by 2026, positioning itself as a key player in the smart automotive sector [3] - The automotive industry is undergoing a transformation towards smart vehicles, necessitating collaboration with technology firms like Huawei to enhance innovation and development [3][4] Group 2: Technological Advancements and Market Impact - Huawei's technology encompasses all areas of smart vehicle development, including cloud, connectivity, and intelligent driving systems, which are crucial for modern automotive solutions [4] - The rapid delivery of Huawei's products, achieving over 1 million units in just 43 months, demonstrates its significant impact on the market and its ability to drive profitability for partner brands [4][5] - Cross-industry collaboration between ICT companies and traditional automakers is essential to reduce redundant investments and improve efficiency in the long-term automotive development cycle [5]

截至发稿，四川长虹市值为437亿元。 每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 （记者 王晓波） 每经AI快讯，四川长虹（SH 600839，收盘价：9.46元）11月28日晚间发布公告称，截至2025年11月28 日，公司已累计回购股份约223万股，占公司截至本公告披露日总股本的比例为0.0482%，购买的最高 价为人民币10.01元/股、最低价为人民币9.32元/股，已支付的资金总额为人民币约2175万元。 2025年1至6月份，四川长虹的营业收入构成为：家电占比44.31%，ICT产品及服务占比34.75%，通用设 备制造占比10.22%，中间产品占比2.85%，运输和加工占比1.96%。 ...