Core Viewpoint - 兆易创新 successfully completed its IPO on the Hong Kong Stock Exchange, marking a significant milestone in establishing its "A+H" dual capital platform, highlighting its rapid growth and global competitiveness in the semiconductor industry [1][4][9]. Company Overview - 兆易创新 is a leading global chip design company in China, specializing in various core storage and control chips, and has achieved global benchmarks in multiple sectors [1][9]. - The company operates a fabless business model, focusing on integrated circuit design and R&D while outsourcing manufacturing to external foundries [2][11]. Financial Performance - For the fiscal years ending June 30, 2022, 2023, 2024, and the first half of 2025, 兆易创新 reported revenues of approximately 8.13 billion, 5.76 billion, 7.36 billion, and 4.15 billion RMB, respectively, with corresponding profits of 2.05 billion, 0.16 billion, 1.10 billion, and 0.59 billion RMB [3][12]. - In Q3 2025, the company achieved a revenue of 2.68 billion RMB, a year-on-year increase of 31.40%, and a net profit of 0.51 billion RMB, up 61.13% [6][14]. Market Position - According to Frost & Sullivan, by 2024, 兆易创新 ranks second globally and first in mainland China for NOR Flash with an 18.5% market share, sixth globally and first in mainland China for SLC NAND Flash with a 2.2% market share, seventh globally and second in mainland China for niche DRAM with a 1.7% market share, and eighth globally and first in mainland China for MCU with a 1.2% market share [2][11]. - The company is positioned to benefit from the rapid growth of edge AI, which is expected to drive demand for its products that enable real-time, low-power, and reliable AI inference [6][14]. IPO and Investment Strategy - The IPO raised funds with approximately 40% allocated to enhancing R&D capabilities, 35% for strategic industry-related investments and acquisitions, 9% for global strategic expansion, 6% for improving operational efficiency, and 10% for working capital and other general corporate purposes [7][15]. - The stock opened at 235.00 HKD per share, reflecting a 45.06% increase, with a market capitalization of 163.74 billion HKD [1][10].

全球發售 聯席保薦人、整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 兆易創新科技集團股份有限公司 GigaDevice Semiconductor Inc. 股份代號 : 3986 （於中華人民共和國註冊成立的股份有限公司） 重要提示 重要提示：閣下如對本招股章程內容有任何疑問，應諮詢獨立專業意見。 GigaDevice Semiconductor Inc. 兆易創新科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 全球發售 | 全球發售的發售股份數目 | : | 28,915,800股H股（視乎發售量調整權 | | --- | --- | --- | | | | 及超額配股權行使與否而定） | | 香港發售股份數目 | : | 2,891,600股H股（可予重新分配） | | 國際發售股份數目 | : | 26,024,200股H股（可予重新分配以及視 | | | | 乎發售量調整權及超額配股權行使與 | | | | 否而定） | | 最高發售價 | : | 每股H股162.00港元，另加1.0%經紀 | | | | 佣金、0.0027%證監會交易徵費、 | | | | 0.0 ...

Core Viewpoint - Zhaoyi Innovation has completed Pre-Deal Investor Education for its upcoming Hong Kong IPO, targeting a fundraising scale of approximately $500 million to $800 million, with the offering expected to start next week [2] Company Overview - Zhaoyi Innovation is an integrated circuit design company that provides a diverse range of chip products, including Flash, niche DRAM, microcontrollers (MCU), analog chips, and sensor chips, applicable in various fields such as consumer electronics, automotive, industrial applications, personal computers, and IoT [2][3] - The company operates on a fabless model, focusing on design and R&D while outsourcing manufacturing to external foundries and assembly partners [2] Market Position - As of 2024, Zhaoyi Innovation ranks second globally and first in mainland China in the NOR Flash market with an 18.5% market share, and holds significant positions in other segments such as SLC NAND Flash and MCU [5] - The company has established a strong global customer base and is recognized as a leading brand in specialized storage chips and MCUs in mainland China [3] Financial Performance - For the fiscal years 2022 to 2025, Zhaoyi Innovation's revenues are projected to be approximately 8.13 billion, 5.76 billion, 7.36 billion, and 4.15 billion RMB respectively, with corresponding profits of 2.05 billion, 0.16 billion, 1.10 billion, and 0.59 billion RMB [5] - In Q3 2025, the company reported revenues of 2.68 billion RMB, a year-on-year increase of 31.4%, and a net profit of 508 million RMB, up 61.13% year-on-year [7] Growth Drivers - The growth in revenue is attributed to the improving supply dynamics in the DRAM industry and increasing demand across consumer, industrial, and automotive sectors, supported by the company's diverse product offerings [7] - The rapid development of edge AI is expected to create new opportunities for Zhaoyi Innovation, as its products are crucial for enabling real-time, low-power, and reliable AI inference [7] IPO Fund Utilization - The funds raised from the IPO will be used to enhance R&D capabilities, strategic investments and acquisitions, global expansion, operational efficiency, and general corporate purposes [8]