据悉，澜起科技已于2025年7月11日向港交所主板递交上市申请，中金公司、摩根士丹利、瑞银集团为 联席保荐人。招股书显示，澜起科技是一家全球领先的无晶圆厂集成电路设计公司，致力于为云计算及 AI基础设施提供创新、可靠及高能效的互连解决方案。根据弗若斯特沙利文的资料，按收入计算，澜 起科技已成为全球最大的内存互连芯片供应商，于2024年占据36.8%的市场份额。 智通财经APP获悉，据报道，澜起科技(688008.SH)将于9月10日启动香港上市NDR(非交易路演)，预期 交易规模约为10亿美元，计划今年第四季度登陆港交所。 业绩方面，2024年，澜起科技实现营业收入36.39亿元，同比增长59.2%；净利润为14.12亿元，同比增 长213.1%。2025年第一季度，澜起科技实现营业收入12.22亿元，同比增长65.78%；净利润为5.25亿 元，同比增长135.14%。 ...

内容概要：内存互连芯片是实现内存数据高速传输与可靠访问的核心组件，传统产品体系包括内存接口 芯片(RCD/DB)和内存模组配套芯片(SPD、TS、PMIC)，随著AI及大数据应用的发展以及相关技术演 进，内存互连芯片衍生出适应新型算力需求的品类，包括用于服务器内存模组的高带宽内存接口芯片 (MRCD/MDB)和用于PC内存模组的时钟驱动器芯片(CKD)。受益于下游技术持续迭代及AI服务器渗透 率不断提升，2021-2024年期间，全球内存互连芯片市场规模除2023年受全球服务器及计算机行业需求 下滑导致的客户去库存影响，出现下滑外，其余年份均呈增长态势，市场规模由2020年的7.68亿元增长 至2024年的11.68亿元，期间年复合增长率为11.1%。中国内存互连芯片行业发展不断突破，市场规模持 续扩张，2024年中国约占全球内存互连芯片行业20%的份额，市场规模为16.6亿元，同比增长超50%。 中国已成为全球AI、半导体领域重要玩家，未来随着下游不断发展，市场规模将保持增长态势，占全 球比重进一步提升。内存互连芯片属于高速、非线性模拟及数模混合电路，其产品研发复杂度极高，不 仅需要深厚的技术沉淀，还依靠长 ...

Summary of Key Points Core Viewpoint - The Hong Kong IPO market is experiencing significant activity, with multiple companies filing for listings and a notable increase in market liquidity and new listings compared to the previous year [14]. Group 1: Company Filings - Three companies submitted applications for IPOs: 1. **Shenzhen Xingyuan Material Technology Co., Ltd.** specializes in lithium-ion battery separators and holds the largest market share in dry-process separators globally, with projected revenues of 2.867 billion, 2.982 billion, 3.506 billion, and 881 million RMB from 2022 to 2025 [2]. 2. **LXJ International Holdings Limited (Laoxiangji)** operates a fast-food chain with 1,564 stores across 55 cities, achieving revenues of approximately 4.528 billion, 5.651 billion, 6.288 billion, and 2.120 billion RMB from 2022 to 2025 [3][4]. 3. **Lianqi Technology Co., Ltd.** is a leading fabless integrated circuit design company, with revenues of approximately 3.672 billion, 2.286 billion, 3.639 billion, and 1.222 billion RMB from 2022 to 2025 [5]. Group 2: IPO Activity - No companies passed the hearing last week, but one company, **Shougang Longze**, is restarting its IPO process, planning to offer 20.1598 million H-shares at a price range of 14.5 to 18.88 HKD per share [6][7]. Group 3: New Listings - Six new stocks were listed last week, including: 1. **Fuwai Group**: Closed at 38.40 HKD with a gain of 1.05% [8]. 2. **Lens Technology**: Closed at 19.84 HKD with a gain of 9.13% [9]. 3. **Dazhong Oral**: Closed at 20.70 HKD with a gain of 3.50% [10]. 4. **Xunzhong Co.**: Closed at 13.58 HKD with a gain of 0.22% [11]. 5. **Jizhi Jia-W**: Closed at 17.70 HKD with a gain of 5.36% [12]. 6. **Fortior**: Closed at 139.80 HKD with a gain of 16.02% [13]. Group 4: Market Trends - The Hong Kong stock market has seen a significant improvement in liquidity, with an average daily trading volume of 240.2 billion HKD in the first half of 2025, a 118% increase from the previous year [14]. - The number of new listings increased to 44 in the first half of 2025, up 47% from the previous year, with total fundraising amounting to 107.1 billion HKD, a 699% increase [14].

Group 1: Company Performance - The company expects to achieve approximately 2.633 billion yuan in revenue for the first half of 2025, representing a year-on-year growth of about 58.17% [1] - The anticipated net profit attributable to shareholders is between 1.1 billion and 1.2 billion yuan, reflecting a year-on-year increase of 85.50% to 102.36% [1] - The growth is primarily driven by a significant increase in the shipment volume of DDR5 memory interface and module supporting chips, along with a substantial rise in sales revenue from three high-performance transport chips totaling 294 million yuan [1] Group 2: Market Position and Future Outlook - According to Frost & Sullivan, the company has become the largest memory interconnect chip supplier globally, holding a 36.8% market share in 2024 [2] - The memory interconnect chip market is projected to grow from 1.2 billion dollars in 2024 to 5 billion dollars by 2030, with a compound annual growth rate (CAGR) of 27.4% [2] - The PCIe and CXL interconnect chip market is expected to expand from 2.3 billion dollars in 2024 to 9.5 billion dollars by 2030, with a CAGR of 26.7% [2] - The chairman of the company highlighted that the rapid advancement of artificial intelligence technologies is driving a profound transformation in the industry, leading to significant growth in the AI server market [2]