二、请补充说明你公司下属公司经营范围包含设计、制作、代理、发布各类广告;物业管理等的具体情 况，是否实际开展相关业务及具体运营情况，是否已取得必要的资质许可。 三、请按照《监管规则适用指引——境外发行上市类第2号》补充说明你公司间接控股股东晶晨集团的 穿透情况，是否存在法律法规规定禁止持股的主体。 四、请明确全额行使超额配售权的情况下，你公司本次境外发行的H股数量及占比。 11月14日，中国证监会公布《境外发行上市备案补充材料要求((2025年11月10日—2025年11月14日)》。 其中，公示提到要求晶晨半导体补充说明间接控股股东晶晨集团的穿透情况等事项。据港交所9月25日 披露，晶晨半导体(上海)股份有限公司(简称：晶晨半导体)向港交所主板提交上市申请书，中金公司 （601995）及海通国际为联席保荐人。 中国证监会请晶晨半导体补充说明以下事项，请律师核查并出具明确的法律意见： 一、请补充说明：(1)你公司注册资本变更的工商登记手续办理进展。(2)芯迈微100%股权变更登记至你 公司名下的手续办理进展，并参照其他子公司说明芯迈微的基本情况。 招股书披露，晶晨半导体是全球布局、世界领先的系统级半导体系统设 ...

智通财经APP获悉，11月14日，中国证监会公布《境外发行上市备案补充材料要求((2025年11月10日— 2025年11月14日)》。其中，公示提到要求晶晨半导体补充说明间接控股股东晶晨集团的穿透情况等事 项。据港交所9月25日披露，晶晨半导体(上海)股份有限公司(简称：晶晨半导体)向港交所主板提交上市 申请书，中金公司及海通国际为联席保荐人。 中国证监会请晶晨半导体补充说明以下事项，请律师核查并出具明确的法律意见： 一、请补充说明：(1)你公司注册资本变更的工商登记手续办理进展。(2)芯迈微100%股权变更登记至你 公司名下的手续办理进展，并参照其他子公司说明芯迈微的基本情况。 二、请补充说明你公司下属公司经营范围包含设计、制作、代理、发布各类广告;物业管理等的具体情 况，是否实际开展相关业务及具体运营情况，是否已取得必要的资质许可。 三、请按照《监管规则适用指引——境外发行上市类第2号》补充说明你公司间接控股股东晶晨集团的 穿透情况，是否存在法律法规规定禁止持股的主体。 四、请明确全额行使超额配售权的情况下，你公司本次境外发行的H股数量及占比。 招股书披露，晶晨半导体是全球布局、世界领先的系统级半导体系 ...

Core Viewpoint - The article discusses the recent IPO filing of Shanghai AIoT chip leader Amlogic, highlighting its market position, financial performance, and product offerings in the smart terminal SoC chip sector. Company Overview - Amlogic was founded in July 2003 and provides smart terminal control and connectivity solutions, including smart multimedia and display SoC chips, AIoT SoC chips, communication and connectivity chips, and smart automotive SoC chips [9]. - As of 2024, Amlogic ranks fourth globally among manufacturers focused on smart terminal SoC chips and is the leading provider in mainland China and second globally in the home smart terminal SoC chip market [9]. Financial Performance - Amlogic's revenue for 2022, 2023, 2024, and the first half of 2025 was 5.545 billion, 5.371 billion, 5.926 billion, and 3.329 billion RMB respectively, with net profits of 732 million, 499 million, 819 million, and 493 million RMB [17]. - The company has seen a significant increase in R&D spending, with 2022, 2023, 2024, and the first half of 2025 recording R&D expenses of 1.185 billion, 1.283 billion, 1.353 billion, and 735 million RMB respectively [17]. Market Position - Amlogic's chips have been shipped over 1 billion units by June 30, 2025, with a notable increase in shipments of its new generation flagship products targeting emerging smart terminal markets [12]. - The company has established long-term partnerships with major clients, with the top five clients contributing 57.9%, 65.5%, 63.3%, and 66.3% of total revenue from 2022 to the first half of 2025 [35][39]. Product Offerings - Amlogic's SoC chips include a variety of products for smart multimedia, AIoT, communication, and automotive applications, with over 70% of its SoC chips featuring self-developed functional modules [26][29]. - The company has a strong focus on R&D, with 86.6% of its workforce being technical personnel, and holds 353 authorized patents as of the latest reporting date [27][28]. Customer Base - Amlogic maintains stable relationships with its top clients, which include leading companies in electronic communication and professional electronic components, ensuring a steady revenue stream [36][38].

Core Viewpoint - The semiconductor company, Jingchen Co., is preparing for an IPO on the Hong Kong Stock Exchange after successfully listing on the A-share market, aiming to enhance its capital strength and international competitiveness [2][11]. Company Overview - Jingchen Co. was established in 2003 and listed on the A-share Science and Technology Innovation Board in 2019, with a current market capitalization exceeding 468 billion RMB after a nearly 62% increase in stock price this year [3]. - The company specializes in system-level semiconductor design, providing advanced control and connectivity solutions for various applications, including smart home, smart office, and automotive sectors [3][4]. Financial Performance - Revenue and profit figures for Jingchen Co. from 2022 to 2025 show a stable performance, with revenues of 55.45 billion RMB in 2022, projected to rise to 59.26 billion RMB in 2024, and profits of 7.32 billion RMB in 2022, expected to increase to 8.19 billion RMB in 2024 [4][5]. - The gross profit margin is projected to improve from 35.1% in 2022 to 37.1% in 2024, with a notable increase in the first half of 2025 [4]. Product Segmentation - The revenue contribution from smart multimedia and display SoC chips remains significant, accounting for 75.6% in 2022 and projected to decrease slightly to 70.9% in 2025 [5][6]. - AIoT SoC products are also gaining traction, with their revenue share increasing from 23.0% in 2022 to 26.7% in the first half of 2025 [7]. Geographic Revenue Distribution - A substantial portion of Jingchen Co.'s revenue comes from markets outside mainland China, with contributions rising from 84.5% in 2022 to 92.0% in the first half of 2025 [7][8]. Customer Dependency - The top five customers account for a significant portion of total revenue, with their contributions increasing from 57.9% in 2022 to 66.3% in the first half of 2025, indicating a high dependency on a few key clients [8]. Supply Chain Considerations - As a fabless semiconductor company, Jingchen Co. relies heavily on third-party suppliers for wafers and chip packaging, with the top five suppliers accounting for over 86% of procurement in recent years [9]. - The company faces risks related to supply chain disruptions, which could impact product delivery and costs [10]. Future Plans - If the IPO is successful, Jingchen Co. plans to allocate approximately 70% of the net proceeds to support growth and enhance R&D capabilities, with additional funds directed towards customer service, strategic investments, and general corporate purposes [11].

Core Viewpoint - The article discusses the strategic expansion of Amlogic through mergers and acquisitions, particularly focusing on enhancing its capabilities in the automotive smart cockpit ecosystem and broadening its wireless communication technology offerings [3][5][17]. Financial Performance - As of the first half of the year, the company reported revenue of 3.329 billion yuan, a year-on-year increase of 10.38% [4]. - The gross margin was 37.5%, up by 2.1 percentage points compared to the same period last year [4]. - The pre-tax profit margin was 14.5%, an increase of 1.8 percentage points year-on-year [4]. - Revenue sources include 70.9% from smart multimedia and display SoCs, and 26.7% from AIoT SoCs, with these two categories accounting for over 90% of total revenue [4]. Mergers and Acquisitions - The company acquired Chipmike Microelectronics for 316 million yuan, focusing on WAN communication chips and solutions, which is expected to enhance its AIoT solutions and long-term business development [5][18]. - The acquisition is projected to yield a 30% cost reduction in wafer production, translating directly into increased gross profit for the parent company [5]. - The company aims to leverage the acquired IP and team to accelerate entry into new business areas [5]. Market Position and Product Offerings - Amlogic ranks fourth globally in the smart terminal SoC market and holds the top position in the Chinese market for smart home terminal SoCs [3]. - The company’s core business segments include smart multimedia and display SoCs, AIoT SoCs, communication connection chips, and automotive SoCs [9][12]. - The smart multimedia and display SoC segment generated 70.9% of revenue in the first half of the year, with a global market share of 31.5% in smart set-top box SoCs and 16.8% in smart TV SoCs [12][13]. Research and Development - The company has applied advanced 6nm process technology in its smart device SoC chips and holds 353 patents, 88 copyrights, and 59 registered trademarks [6]. - R&D expenses accounted for 22.1% of revenue in the first half of the year, with a projected increase to 22.8% in 2024 [6]. Strategic Focus - The company’s future strategy emphasizes continuous innovation in AI and communication technologies, deepening partnerships with leading clients, leveraging talent for product innovation, and exploring strategic investment and acquisition opportunities [14][18].

Core Viewpoint - The company, Amlogic, is planning to list its H-shares on the Hong Kong Stock Exchange to enhance its capital strength and competitiveness while advancing its international strategy [1] Group 1: Financial Performance - Amlogic's revenue for the years 2022, 2023, 2024, and the first half of 2025 is approximately 5.545 billion, 5.371 billion, 5.926 billion, and 3.33 billion yuan respectively, with net profits of about 732 million, 499 million, 819 million, and 493 million yuan [2] - The cumulative shipment of Amlogic's chips has exceeded 1 billion units as of June 30 [2] Group 2: Use of Proceeds - The funds raised from the listing will be used to support ongoing growth and enhance the company's R&D capabilities, build a global customer service system over the next five years, and invest in strategic acquisitions related to the "platform + ecosystem" strategy [3] Group 3: Customer and Supplier Dependency - Amlogic's top five customers generated revenues of approximately 3.21 billion, 3.519 billion, 3.752 billion, and 2.207 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, accounting for 57.9%, 65.5%, 63.3%, and 66.3% of total revenue respectively [4] - The company relies heavily on its suppliers, with the top five suppliers accounting for 91.2%, 86.6%, 88.0%, and 78.9% of total procurement in the same years [4]

Core Viewpoint - The company, Jingchen Co., has submitted an application for issuing overseas listed shares (H-shares) and listing on the Hong Kong Stock Exchange, aiming to expand its international capital market presence and enhance brand influence [2] Group 1: Company Overview - Jingchen Co. is a leading global system-level semiconductor design manufacturer, focusing on intelligent terminal control and connectivity solutions across various scenarios such as smart homes, smart offices, and smart transportation [2][3] - The company has been engaged in SoC chip design for 30 years, developing a comprehensive self-research technology matrix that includes various functional modules like NPU, video/audio codecs, and memory systems [3] Group 2: Market Position and Achievements - As of June 30, 2025, the company has shipped over 1 billion chips, establishing a strong market presence in the smart home sector [4] - According to Frost & Sullivan, in 2024, one in three smart set-top boxes and one in five smart TVs globally will use the company's chips, indicating significant market penetration [5] Group 3: Financial Performance - The revenue generated from the company's top five customers for the years 2022, 2023, and 2024, as well as the first half of 2025, were RMB 3.21 billion, RMB 3.519 billion, RMB 3.752 billion, and RMB 2.207 billion, respectively, accounting for 57.9%, 65.5%, 63.3%, and 66.3% of total revenue [5] - The revenue from the largest customer for the same periods was RMB 955.9 million, RMB 1.3174 billion, RMB 1.1099 billion, and RMB 678.2 million, representing 17.3%, 24.5%, 18.8%, and 20.4% of total revenue [5] Group 4: Supplier Relationships - The company primarily sources from wafer foundries and chip packaging/testing service providers, with procurement amounts from the top five suppliers being RMB 3.6788 billion, RMB 2.8179 billion, RMB 3.2596 billion, and RMB 2.1186 billion, constituting 91.2%, 86.6%, 88.0%, and 78.9% of total procurement [6] - The procurement from the largest supplier for the same periods was RMB 2.3798 billion, RMB 1.7768 billion, RMB 1.8447 billion, and RMB 1.3281 billion, making up 59.0%, 54.6%, 49.8%, and 49.4% of total procurement [6]

Core Viewpoint - 晶晨半导体 has submitted its listing application to the Hong Kong Stock Exchange, with CICC and Haitong International as joint sponsors [1] Company Overview - 晶晨半导体 is a leading global system-level semiconductor design company, providing advanced smart terminal control and connectivity solutions across various sectors including smart homes, smart offices, smart transportation, entertainment education, and industrial production [3] - The company ranks fourth globally among manufacturers focused on smart terminal SoC chips and is the top player in mainland China and second globally in the smart home terminal SoC chip market according to Frost & Sullivan [3] Market Position and Performance - As of June 30, 2025, 晶晨半导体 has shipped over 1 billion chips, with its smart set-top box chips used in one out of every three global smart set-top boxes and its smart TV chips in one out of every five smart TVs in 2024 [3] - The company serves over 250 global mainstream operators and 14 of the top 20 global TV brands, becoming the "brain" of millions of screens in over 100 countries and regions [3] Financial Performance - The global smart device SoC market is projected to grow from $41.9 billion in 2020 to $65.7 billion in 2024, with a compound annual growth rate (CAGR) of 11.9%, and expected to reach $131.4 billion by 2029, with a CAGR of 14.9% from 2024 to 2029 [4] - For the fiscal years ending June 30, 2022, 2023, 2024, and the first half of 2025, the company reported revenues of approximately RMB 5.545 billion, RMB 5.371 billion, RMB 5.926 billion, and RMB 3.330 billion respectively [4][6] - The gross profit margins for these periods were 35.1%, 33.2%, 37.1%, and 37.5% respectively, indicating a positive trend in profitability [6]

Core Viewpoint - 晶晨半导体 has submitted its listing application to the Hong Kong Stock Exchange, with CICC and Haitong International as joint sponsors [1] Company Overview - 晶晨半导体 is a leading global system-level semiconductor design company, providing advanced smart terminal control and connectivity solutions across various sectors including smart homes, offices, transportation, entertainment, education, and industrial production [3] - The company ranks fourth globally among manufacturers focused on smart terminal SoC chips and is the top player in mainland China and second globally in the smart home terminal SoC chip market as of 2024 [3] Market Position and Performance - As of June 30, 2025, 晶晨半导体 has shipped over 1 billion chips, with projections indicating that one in three smart set-top boxes and one in five smart TVs globally will use its chips in 2024 [3] - The company serves over 250 global telecom operators and 14 of the top 20 global TV brands, becoming the "brain" behind millions of screens in over 100 countries and regions [3] Financial Performance - 晶晨半导体's revenue for the fiscal years ending June 30 are projected as follows: approximately 5.545 billion RMB for 2022, 5.371 billion RMB for 2023, 5.926 billion RMB for 2024, and 3.33 billion RMB for the first half of 2025 [4][6] - The global smart device SoC market is expected to grow from 41.9 billion USD in 2020 to 65.7 billion USD in 2024, with a compound annual growth rate (CAGR) of 11.9%, and further to 131.4 billion USD by 2029, with a CAGR of 14.9% from 2024 to 2029 [4]