公众号记得加星标⭐️，第一时间看推送不会错过。 来源：内容 编译自 Yole 。 近日，Yole发布了其首份射频行业现状报告。他们表示：在新整合和全球竞争时代，到2030年市场规模将达到700亿 美元。 Yole指出，5G 和未来的 6G 推动了移动设备对集成射频前端 (RFFE) 的需求，该前端集成了功率放大器 (PA)、滤波器和 开关。在基础设施方面，5G 大规模 MIMO 天线依赖于 GaN，并正在逐渐取代功率放大器 (PA) 的 LDMOS。汽车越来越 多地集成蜂窝、Wi-Fi 和 GNSS 连接，以实现远程信息处理和信息娱乐。Wi-Fi 和蓝牙正在消费电子、汽车、可穿戴设备 和智能家居系统中不断扩展。Wi-Fi 6/7 对于智能手机至关重要，而传统 Wi-Fi 通常足以满足可穿戴设备和智能家居的需 求 。 超 宽 带 (UWB) 在 智 能 手 机 、 智 能 家 居 和 汽 车 中 的 应 用 正 在 增 长 。 汽 车 雷 达 发 展 迅 速 ， 支 持 高 级 驾 驶 辅 助 系 统 (ADAS)，从而提高安全性和舒适性。国防系统依赖于宽带和高频射频器件。雷达、电子战和卫星通信领域对 GaN ...

瑞财经 王敏 7月21日，北京澳丰源科技股份有限公司（以下简称"澳丰源"）披露关于首次公开发行股票并上市辅导工作进展报告（第七 期），辅导机构为国泰海通。 据悉，澳丰源于2023年10月在北京证监局启动IPO辅导备案，本阶段辅导期间为自2025年4月起至2025年6月。 | 辅导对象 | 北京澳丰源科技股份有限公司 | | | | --- | --- | --- | --- | | 成立日期 | 2004年6月30日 | | | | 并发安本 | 3592.6152 万元 | 法定代表人 | 壬晓梅 | | 注册地址 | 北京市丰台区海鹰路3号2-5幢2层 | | | | 控股股东 及持股比 | 控股股东:王晓梅、孟剑 持股比例:71.41% | | | | 例 | | | | | 行业分类 | C39 计算机、通信和其他电 | 在其他交易场 所(申请) 挂 | 无 | | | 子设备制造业 | 牌或上市的情 | | | | 况 | | | | 各 注 | 不存在近 3 年内提交首次公开发行股票/存托凭证并上市申请被终 | | | | | 止审查、不予核准、不予注册的情形 | | | 澳丰源成立于2004年6 ...

此外，汉桑科技基于对养老、运动、陪护、医疗、居家等细分场景的需求理解，成功拓展众多新兴场景 客户，包括英国CareTech集团旗下残障服务品牌Smartbox、德国医疗物联网系统服务商 VivaiSoftwareAG、美国物联网解决方案提供商Procern、英国智能香薰系统品牌Zenaura等。 招股书显示，2022年至2024年间，高性能音频产品、创新音频和AIoT智能产品始终为汉桑科技的主要 收入来源、合计收入占比稳定90%以上；其中，创新音频和AIoT智能产品的收入占比持续攀升，由2022 年的38.32%增至2024年的50.23%。 在高端音频领域，汉桑科技目前已与NAD、JBL、McIntosh、Sonus Faber、B&W等在内的国际著名音 频品牌建立了长期合作关系。以高性能音频产品中的功率放大器为例，据海关总署统计数据，2024年汉 桑科技外销的音频扩大器产品占国内同类产品出口金额的3.12%，在市场中占据一定的市场地位。 7月25日，可申购创业板的汉桑科技（301491.SZ）。该公司是一家专注于高端音频产品及技术解决方案 的综合供应商，具备从流媒体模组到音频终端产品、再到边缘计算和云平台 ...

智通财经APP获悉，7月25日，汉桑科技(301491.SZ)开启申购，发行价格为28.91元/股，申购上限为0.75万 股，市盈率14.90倍，属于深交所，中金公司为其保荐人。 多年来，公司紧跟行业发展趋势和客户需求，凭借突出的技术创新能力，丰富的研发设计经验和过硬的产品 质量，受到了市场和客户的广泛认可，在全球音频行业内建立了良好的口碑。公司已经与全球音频行业各细 分领域的众多知名品牌达成合作，包括NAD、Bluesound、SnapOne、Sonance、JBL、McIntosh、 SonusFaber、B&W、Denon、Marantz、Dynaudio、Steelseries、Tonies等。 以高性能音频产品中的功率放大器为例，根据中华人民共和国海关总署官方统计数据，报告期内，公司外销 的音频扩大器(海关商品编码85184000)产品占国内同类产品出口金额的比例分别为3.84%、2.15%和3.12%， 在市场中占据一定的市场地位。 财务方面，于2022年度、2023年度及2024年度，公司实现营业收入分别约为13.86亿元、10.31亿元、14.54亿 元人民币;同期净利润分别约为1.88亿元、 ...

中国射频器件市场现状调查及前景预测分析报告2025~2031年 【全新修订】：2025年7月 【出版机构】：中智信投研究网 【内容部分有删减·详细可参中智信投研究网出版完整信息！】 【免费售后 服务一年，具体内容及订购流程欢迎咨询客服人员 】 【报告目录】 第1章：射频器件行业综述及数据来源说明 1.1 功率半导体行业界定 1.1.1 功率半导体行业的界定 1.1.2 功率半导体行业的分类 1.1.3 《国民经济行业分类与代码》中功率半导体行业归属 1.2 射频器件行业界定 1.2.1 射频器件的界定 1.2.2 射频器件相似概念辨析 （1）射频器件与电子元器件 （2）射频器件与功率半导体 （3）射频器件与电力电子元器件 1.2.3 射频器件的分类 （1）按照能够被控制电路信号所控制的程度分类 （2）按照驱动电路加在控制端和公共端间信号的性质分类 （3）按照驱动电路加在控制端和公共端间有效信号波形分类 （4）按照内部电子和空穴两种载流子参与导电的情况分类 1.3 射频器件专业术语说明 1.4 本报告研究范围界定说明 1.5 本报告数据来源及统计标准说明 1.5.1 本报告权威数据来源 1.5.2 本报告研究方 ...

中国国际金融股份有限公司、 中邮证券有限责任公司 关于汉桑（南京）科技股份有限公司 首次公开发行股票并在创业板上市 之 参与战略配售的投资者的专项核查报告 保荐人（联席主承销商） （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 联席主承销商 （陕西省西安市唐延路 5 号（陕西邮政信息大厦 9-11 层）） 二〇二五年七月 深圳证券交易所： 汉桑（南京）科技股份有限公司（以下简称"汉桑科技"、"发行人"或"公司"） 首次公开发行股票（以下简称"本次发行"）并在创业板上市的申请已于 2025 年 3 月 同意注册（证监许可〔2025〕644 号）。中国国际金融股份有限公司（以下简称"中金 公司"、"保荐人"或"保荐人（联席主承销商）"）担任保荐人（联席主承销商）， 中邮证券有限责任公司（以下简称"中邮证券"）担任本次发行的联席主承销商（中金 公司和中邮证券以下合称"联席主承销商"）。 根据《业务实施细则》第三十八条，可以参与发行人战略配售的投资者主要包括： （一）与发行人经营业务具有战略合作关系或者长期合作愿景的大型企业或者其下属企 业；（二）具有长期投资意愿的大型保险公司或者其下属企 ...

Core Viewpoint - Skyworks has significantly increased its presence in the chip spot market over the past two years, driven by rising demand in various sectors, including drones, and has seen a notable increase in prices for certain models [3][16]. Group 1: Company Overview - Skyworks is a non-typical analog chip manufacturer specializing in radio frequency (RF) chips, particularly in the RF front-end (RFFE) segment, which plays a crucial role in wireless communication modules [5][6]. - The global RF front-end market is dominated by major players, with Skyworks holding a 15% market share, alongside Broadcom, Qualcomm, Qorvo, and Murata, which collectively account for about 80% of the market [7][10]. Group 2: Market Position and Performance - Skyworks leads the power amplifier (PA) market with a 43% share, while also holding a 22.6% share in the RF switch market and 10% in the SAW filter market [10][11]. - The RF front-end components, particularly filters and power amplifiers, are projected to grow significantly, with expected market sizes of $2.1 billion and $1.4 billion by 2026, respectively [12]. Group 3: Business Segments and Revenue - Skyworks' revenue is primarily derived from two business segments: mobile business (60-67% of revenue) and broad markets (including IoT, automotive, and industrial applications) [14]. - The company has seen its revenue grow from approximately $800 million in 2009 to over $5 billion in recent years, with a peak of $5.486 billion in fiscal year 2022 [18][20]. Group 4: Challenges and Risks - Skyworks faces challenges due to its heavy reliance on mobile business, particularly on Apple, which contributes significantly to its revenue. A recent shift in Apple's sourcing strategy is expected to reduce Skyworks' demand by 20-25% [21][23]. - The company has experienced a shift in revenue sources, with the U.S. market's share increasing from over 50% in 2018 to 77% in 2024, while its reliance on the Chinese market has decreased [25]. Group 5: Future Outlook - Skyworks is actively diversifying its business to reduce dependence on the smartphone market, with broad markets revenue increasing from about 30% in fiscal year 2021 to over 35% in fiscal year 2024 [26]. - Despite facing challenges, Skyworks maintains a strong cash flow, with free cash flow exceeding $1.6 billion for two consecutive years, supporting ongoing R&D and product development [31].

Core Insights - Ditopbes, a high-tech enterprise under Ringo Technology Group, focuses on providing comprehensive audio-visual system solutions for intelligent meeting scenarios, leveraging core technologies such as 4K lossless transmission and AI meeting control management [2] Group 1: Technological Innovations - The company offers diverse solutions tailored to different scenario needs, including broadcast-level lossless transmission based on JPEG2000, which retains 100% color information for high-precision environments like command centers [3] - The NDI 4K60 solution is designed for flexible meeting adaptation, compatible with mainstream meeting terminals like Teams and Feishu, and even supports direct connection from mobile phone cameras, breaking down signal source barriers [3] - AI-enabled audio technology utilizes proprietary algorithms for precise sound field relationship recognition, enabling intelligent noise reduction and one-click feedback elimination, democratizing professional audio processing [3] Group 2: Distributed Systems - To address the dual-stream dilemma of high-quality main screen requirements and low-latency control for seats, Ditopbes has innovatively launched a dual-engine IP distributed system that employs shallow compression (JPEG2000) and shallow compression (VC2) in parallel, ensuring pixel-level lossless presentation on the main screen while maintaining smooth control for seats [8] - The company has implemented a seamless disaster recovery technology that utilizes intelligent buffering and channel redundancy to avoid black screen incidents, applicable in smart city and emergency command scenarios [8] Group 3: Market Strategy - In response to domestic production and 5G upgrade trends, Ditopbes has established a "technology + ecosystem" dual-drive model, advancing NDI protocol localization to reduce deployment costs for high-quality solutions and applying AI in environmental noise reduction and intelligent directing [9] - The company is building a tiered training program for integrator partners, covering technical principles, solution design, and practical cases, to cultivate comprehensive audio-visual service capabilities and create a "community of shared destiny" [9] Group 4: Successful Applications and Future Outlook - Ditopbes' solutions have been successfully implemented in landmark projects such as the National Grand Theatre Arts Center and the Shanghai International Conference Center, with large-scale deployments in over a hundred high-end theaters, smart hotel clusters, cultural tourism complexes, and top-tier universities across the country [10] - The company plans to showcase its distributed systems and AI integration technologies at industry events like the Beijing Infocomm Exhibition and the Beijing Smart Building Association Forum in 2025, highlighting its technological leadership [10] - From protocol innovation to ecosystem co-construction, Ditopbes remains focused on enhancing user experience in front of the screen and the ecological logic behind it, aiming to drive the digital transformation of meeting scenarios and ensure efficient, boundary-less communication [10]

Core Viewpoint - Jiangsu Zhaosheng Microelectronics Co., Ltd. plans to issue A-shares to specific targets, which may dilute immediate returns for shareholders, but the company has committed to measures to mitigate this impact [1][3][12]. Financial Impact Analysis - The company estimates that the issuance will increase the total share capital from 53,452.87 million shares to 69,531.66 million shares, depending on various profit scenarios for 2025 [1][2]. - Under three hypothetical scenarios regarding net profit changes, the basic earnings per share (EPS) could decrease from 0.75 yuan to as low as 0.52 yuan [1][2]. Necessity and Rationality of the Issuance - The issuance is deemed necessary to enhance supply chain security, improve technological capabilities, and protect core intellectual property, thereby strengthening the company's competitive position [3][4]. - The investment projects align with national development strategies and market trends, leveraging the company's long-term advantages in market position and technology [3][4]. Relationship with Existing Business - The funds raised will be used for expanding RF chip manufacturing and supplementing working capital, directly enhancing the company's core business capabilities [4][5]. - The company has a strong technical foundation in RF integrated circuits, with a focus on innovation and R&D to maintain competitive advantages [5][6]. Measures to Mitigate Dilution of Immediate Returns - The company plans to enhance operational efficiency and profitability through the timely execution of investment projects [10][11]. - Strict management of raised funds will be implemented to ensure they are used effectively for designated projects, minimizing risks associated with fund usage [9][10]. Commitment from Management and Control - The board and senior management have committed to fulfilling the measures to compensate for the dilution of immediate returns, ensuring shareholder interests are protected [12][13]. - The actual controllers of the company have also made commitments to uphold these measures and not interfere with the company's management [13][14].

Core Viewpoint - Jiangsu Zhuosheng Microelectronics Co., Ltd. plans to issue up to 160,457,680 A-shares to raise no more than 3,475 million yuan for expanding RF chip manufacturing capacity and supplementing working capital [1][10]. Group 1: Background and Purpose of the Issuance - The integrated circuit industry is a strategic and foundational sector crucial for national economic and social development, with a focus on enhancing capital strength and profitability [1][2]. - The issuance aims to support the development of the integrated circuit industry, which is expected to benefit from significant opportunities amid global technological changes and domestic policy support [2][3]. Group 2: Market Trends and Opportunities - The global integrated circuit industry is entering a period of disruptive technological change, with China's integrated circuit sector poised for major growth [2][3]. - The RF front-end industry is a vital component of the integrated circuit sector, driven by the increasing demand for RF front-end chip solutions due to advancements in communication technology [3][4]. - The global RF front-end module market is projected to reach approximately 26.54 billion USD by 2024, with significant growth driven by the smartphone market and emerging technologies [3][4]. Group 3: Domestic Industry Landscape - China's integrated circuit industry has rapidly developed, with the industry scale expected to grow from 653.2 billion yuan in 2018 to 1,045.8 billion yuan by 2024, reflecting a compound annual growth rate of 9.5% [3]. - The domestic RF front-end industry still has a low self-sufficiency rate, with major international players holding about 80% of the global market share [5][6]. - The increasing demand for high-performance domestic RF front-end products presents opportunities for local manufacturers amid geopolitical uncertainties [5][6]. Group 4: Company Strategy and Development - The company has transitioned from a Fabless model to a Fab-Lite model, establishing a complete industrial ecosystem from R&D to sales [7][8]. - The planned issuance will enhance the company's manufacturing capabilities for RF front-end chips, enabling it to meet the growing demand for high-end customized products [8][10]. - The company has developed a strong technical foundation and a stable management team, which will support the successful implementation of the fundraising projects [25][26]. Group 5: Financial Considerations and Impact - The total amount raised from the issuance will be used for expanding RF chip manufacturing capacity and supplementing working capital, which is essential for the company's operational efficiency [10][17]. - The issuance is expected to improve the company's capital structure and reduce financial risks, enhancing its ability to withstand macroeconomic fluctuations [10][11]. - The company aims to maintain a stable profit distribution policy while ensuring that the interests of all shareholders, especially minority investors, are protected [28][29].