Group 1 - The core point of the article is the establishment of a new company, Jiangsu Hengxin Huice Technology Co., Ltd., which is fully owned by Kunheng Shunwei (688283) and focuses on semiconductor-related businesses [1] - The registered capital of the new company is 16 million yuan, indicating a significant investment in the semiconductor sector [1] - The business scope of the new company includes sales of electronic measuring instruments, manufacturing and sales of specialized equipment for semiconductor devices, and manufacturing of communication equipment [1]

Core Viewpoint - The announcement details the approval of expected daily related transactions for the year 2026 by Xiamen Youxun Chip Co., Ltd, emphasizing that these transactions will not harm the interests of the company or its shareholders, particularly minority shareholders [1][2]. Group 1: Daily Related Transactions Overview - The company held a board meeting on February 2, 2026, where independent directors unanimously agreed that the proposed related transactions for 2026 align with the company's operational needs and will not adversely affect its independence or operations [3]. - The board's audit committee also approved the related transactions on the same day, confirming that the transactions are necessary and fair [3]. - The final approval was granted during the board meeting on February 6, 2026, where non-related directors voted in favor, ensuring that related directors abstained from voting [3]. Group 2: Transaction Amount and Type - The expected amount for daily related transactions in 2026 includes procurement of equipment, with a reference to a previous transaction in 2025 where the company purchased equipment worth 3.5 million yuan (including tax) from China Electronics Technology Group Co., Ltd [4]. Group 3: Related Parties and Relationships - The related party involved is China Electronics Technology Group Co., Ltd, which has a registered capital of 825.83 million yuan and is primarily engaged in the research, production, and sales of electronic measuring instruments and components [5][6]. - The company’s board member, Zeng Yufeng, is associated with the related party, establishing the connection [6]. Group 4: Transaction Execution and Legal Assurance - The related party is legally operating and has a good track record in contract execution, ensuring that transactions can be settled normally [7]. - The company will sign relevant contracts with the related party to ensure compliance with the agreed terms, providing legal protection for the execution of these transactions [8]. Group 5: Purpose and Impact of Transactions - The primary purpose of the related transactions is to meet the company's operational needs, and they are characterized as normal business activities [11]. - The transactions will adhere to principles of openness, fairness, and reasonableness, ensuring that they do not harm the interests of the company or its shareholders, particularly minority shareholders [11][12].

Core Viewpoint - Recently, Zhuo Pu Wei (Shenzhen) Electronic Technology Co., Ltd. was established with a registered capital of 20 million RMB, fully owned by Zhuo Pu Wei (Shanghai) Electronic Technology Co., Ltd. [1] Company Information - Company Name: Zhuo Pu Wei (Shenzhen) Electronic Technology Co., Ltd. [1] - Legal Representative: Li Yanjun [1] - Registered Capital: 20 million RMB [1] - Shareholder: Zhuo Pu Wei (Shanghai) Electronic Technology Co., Ltd. holds 100% [1] - Business Scope: Includes sales of electronic measuring instruments, manufacturing of integrated circuit chips and products, and various technical services related to integrated circuits and electronic devices [1] - Address: Longgang District, Shenzhen, 75 Xiangyin Road, Room 305 [1] - Company Type: Limited Liability Company (Sole Proprietorship) [1] - Business Duration: Until February 2, 2026, with no fixed term thereafter [1] Industry Classification - National Standard Industry: Manufacturing [1] - Subcategory: Manufacturing of computers, communications, and other electronic devices, specifically electronic component manufacturing [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved the registration application for Suzhou Lianxun Instrument Co., Ltd. to conduct its initial public offering (IPO) on the Sci-Tech Innovation Board, with the approval valid for 12 months from the date of registration [1]. Company Overview - Suzhou Lianxun Instrument is a high-end testing instrument equipment company, primarily engaged in the research, development, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment [1]. IPO Details - The company’s IPO application was accepted on August 15, 2025, entered the inquiry stage on August 28 of the same year, and was approved on January 14 of the current year, with registration submitted on January 16 [1]. - Lianxun Instrument aims to raise approximately 1.711 billion yuan through this IPO [1].

Group 1 - The core point of the article is the establishment of a new company, Xinlichuang (Jiangsu) Electronic Trading Co., Ltd., with a registered capital of 10 million RMB, fully owned by Weiyali Electronics (Shanghai) Co., Ltd. [1] - The legal representative of the new company is Huang Shaoli, and it is classified under the manufacturing industry, specifically in the sector of computer, communication, and other electronic device manufacturing [1] - The business scope of Xinlichuang includes wholesale and retail of electronic components, sales of electronic measuring instruments, optical electronic devices, semiconductor lighting devices, communication equipment, and software development among others [1] Group 2 - The company is located at 358 Lianguang Road, Wulie Town, Dongtai City, and is registered as a limited liability company with a business duration until January 28, 2026, with no fixed term thereafter [1] - The registration authority for the company is the Dongtai City Administrative Service Management Office [1]

企业名称深圳海森姆光学科技有限公司法定代表人时强注册资本200万人民币国标行业制造业>仪器仪 表制造业>通用仪器仪表制造地址深圳市龙华区观湖街道鹭湖社区观盛二路5号捷顺科技中心A1310企业 类型有限责任公司营业期限2026-1-28至无固定期限 来源：市场资讯 天眼查显示，近日，深圳海森姆光学科技有限公司成立，法定代表人为时强，注册资本200万人民币， 互通物联（深圳）有限公司、上海擎舟天使科技发展有限公司持股。 序号股东名称持股比例1时强60%2互通物联（深圳）有限公司15%3罗松生15%4上海擎舟天使科技发展 有限公司10% 经营范围含一般经营项目是：人工智能行业应用系统集成服务；电机及其控制系统研发；电子专用材料 研发；软件开发；光学仪器制造；光学仪器销售；光电子器件制造；光电子器件销售；智能仪器仪表制 造；智能仪器仪表销售；电子测量仪器制造；电子测量仪器销售；体育用品及器材制造；体育用品及器 材零售；体育用品及器材批发；机械设备研发；机械设备销售；货物进出口；技术进出口。（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动），许可经营项目是：无 ...

IPO Review and Registration Progress - Six companies were reviewed for IPO last week, with five passing and one, Xinxing Technology, having its review postponed. The other companies that passed include Gaote Electronics, Lianxun Instruments, Tianhai Electronics, Ruier Jinda, and Zhongke Instruments [1][2] - Xinxing Technology, which specializes in computer embroidery machines, reported a revenue of 1.044 billion yuan for the first three quarters of 2025, a year-on-year increase of 44.48%, and a net profit of 150 million yuan, up 105.18% year-on-year. The company aims to raise approximately 449 million yuan through its IPO [1][2] - Gaote Electronics is set to be the first IPO on the Shenzhen Stock Exchange in 2026, focusing on automotive components. The review committee raised concerns about the company's declining gross margin and prolonged accounts receivable collection period [2][3] - Lianxun Instruments, the first company to pass on the Sci-Tech Innovation Board in 2026, specializes in electronic measurement instruments and semiconductor testing equipment. The review committee inquired about industry cycles and technology iterations [2][3] - Tianhai Electronics plans to list on the Shenzhen main board and aims to raise 2.46 billion yuan, the largest among last week's reviewed companies. The review committee focused on the sustainability of operating performance [3] - Ruier Jinda and Zhongke Instruments are also seeking to list on the Beijing Stock Exchange, with the committee questioning the authenticity of their performance and revenue recognition [3] Upcoming IPOs and Fundraising - This week, six companies are preparing for IPO, with Huikang Technology aiming to raise 1.797 billion yuan, the highest among them. Other companies include Aiteke and Liqi Intelligent, with planned fundraising of 1.5 billion yuan and 1 billion yuan, respectively [4][5] - Huikang Technology, which specializes in refrigeration equipment, reported steady revenue growth from 1.93 billion yuan in 2022 to 3.204 billion yuan in 2024, with net profit increasing from 197 million yuan to 451 million yuan [5][6] - Aiteke focuses on automotive electronic solutions and has a high customer concentration risk, particularly with Chery Automobile, which accounted for over 50% of its revenue in recent years [6] New Stock Listings and Subscription Dynamics - Two new stocks were listed last week, with Kema Materials seeing a significant increase of 371% on its first day. This week, one new stock, Aisheren, is set to be listed with an issue price of 15.98 yuan per share [8][9] - Aisheren, focused on medical health, expects to achieve revenue between 889 million yuan and 939 million yuan in 2025, representing a year-on-year growth of approximately 28.65% to 35.89% [8] - Three new stocks are scheduled for subscription this week, including Nongda Technology, which has an issue price of 25 yuan per share and anticipates revenue of 2.2 billion to 2.4 billion yuan in 2025 [10][11]

IPO Pipeline Overview - As of January 18, there are 328 companies in the IPO pipeline, with 21 on the Shanghai Main Board, 43 on the Sci-Tech Innovation Board, 19 on the Shenzhen Main Board, 41 on the Growth Enterprise Market, and 204 on the Beijing Stock Exchange [1][2]. Newly Listed Companies - Two companies were newly listed between January 12 and January 18: Chongqing Zhixin Industrial Co., Ltd. on the Shanghai Main Board (stock code: 603352) and Zhejiang Kema Friction Material Co., Ltd. on the Beijing Stock Exchange (stock code: 920086) [3][4]. - Chongqing Zhixin closed at 68.58 CNY per share, with a rise of 213.44% and a trading volume of 2.527 billion CNY, achieving a turnover rate of 78.67% [4]. - Zhejiang Kema closed at 54.95 CNY per share, with a rise of 371.27% and a trading volume of 988 million CNY, achieving a turnover rate of 96.14% [5]. New Counseling Records - Eleven companies were newly registered for counseling between January 12 and January 18, including Shandong Tianjiao Biotechnology Co., Ltd. and Shanghai Beibian Technology Co., Ltd. [6][7]. Companies Passing Review - Six companies successfully passed the review process from January 12 to January 18, including Hangzhou Gaote Electronic Equipment Co., Ltd. and Suzhou Lianxun Instrument Co., Ltd. [11][12]. Companies Obtaining Registration Approval - Five companies received registration approval between January 12 and January 18, including Hangzhou Mirui Technology Co., Ltd. and Shenzhen Shangshui Intelligent Co., Ltd. [15][16]. Terminated Review - Jiangsu Yadian Technology Co., Ltd. withdrew its IPO application during the period from January 12 to January 18 [18][19].

Policy - The People's Bank of China has increased the loan quota for technological innovation and technological transformation from 800 billion to 1.2 trillion yuan, expanding support to private small and medium-sized enterprises with high R&D investment levels [1] - The Ministry of Industry and Information Technology has issued an action plan for the high-quality development of industrial internet platforms, aiming for over 450 influential platforms by 2028, with a resource connection capability enhancement and over 120 million industrial devices connected [1] Industry Development - Shanghai aims to achieve large-scale implementation of high-level autonomous driving application scenarios by 2027, establishing a competitive smart connected vehicle industry cluster with international influence [2] - Zhejiang Province plans to accelerate breakthroughs in large-scale intelligent computing clusters and support the construction of space computing facilities, enhancing the use of domestic computing chips [3] IPO - Suzhou Lianxun Instrument Co., Ltd. has received approval for its IPO on the Sci-Tech Innovation Board, aiming to raise approximately 1.711 billion yuan [4] Primary Market - Zivariable Robotics has completed a 1 billion yuan A++ round of financing, with investments from major firms including ByteDance, Meituan, and Alibaba [5] - Supermagnetic Energy has announced the completion of several hundred million yuan in angel round financing, primarily for R&D investment [6] - INMO has completed a C1 round of financing, raising nearly 500 million yuan over three rounds within a year [7] - Shanghai Shuli Intelligent Technology Co., Ltd. has completed a B+ round of financing, focusing on brain-computer interface products [8] - Luanqi Technology has completed nearly 100 million yuan in B round financing for production expansion and R&D [9] - Far East Excellence has completed several tens of millions in A round financing for facility expansion and market development [10] - Noumena has completed several tens of millions in Pre-A round financing [11] Secondary Market - Baiwei Storage's second-largest shareholder plans to reduce its stake by up to 2% [12] - Yongxi Electronics plans to invest up to 2.1 billion yuan in a semiconductor packaging and testing facility in Malaysia [13] - Bluetech Optical plans to raise up to 1.055 billion yuan through a private placement for various projects [14]

Group 1: IPO Market Dynamics - The domestic and international capital markets have seen frequent IPO activities recently, marking an active start to the year [2] - Zhejiang Xingsheng Technology Co., Ltd.'s IPO was postponed on the day of its review, becoming the first IPO project to be postponed in 2026 on the Shanghai and Shenzhen stock exchanges [2] - The Hong Kong IPO market remains active, with 20 companies submitting listing applications covering high-growth sectors such as consumer retail, semiconductors, biomedicine, agriculture, and logistics [2] Group 2: Companies Approved for IPO - Suzhou Lianxun Instrument Co., Ltd. passed the review on January 14, becoming the first company to be approved for the Sci-Tech Innovation Board in 2026 and the first in the semiconductor industry to pursue A-share listing this year [2] - Lianxun Instrument's revenue grew from 214 million yuan in 2022 to 789 million yuan in 2024, with a projected net profit of 140 million yuan in 2024 [3][4] - Hangzhou Gaote Electronic Equipment Co., Ltd. successfully passed the review for the ChiNext Board on January 13, focusing on new energy battery management systems [5] Group 3: Financial Performance of Companies - Tianhai Automotive Electronics Group Co., Ltd. reported revenues of 6.557 billion yuan in 2022, increasing to 12.523 billion yuan in 2023, with a net profit of 324 million yuan in 2022 [6] - China Academy of Sciences Shenyang Scientific Instrument Co., Ltd. achieved revenues of 698 million yuan in 2022, projected to reach 1.082 billion yuan in 2024 [8] Group 4: New Listings in Hong Kong - Five companies listed on the Hong Kong market from January 12 to 16, including global third-largest digital image sensor supplier Omnivision Technologies, which saw a first-day closing price increase of 16.22% [9] - The storage chip leader Zhaoyi Innovation debuted with a first-day closing price increase of 38.27%, reflecting strong market recognition for hard technology [9] Group 5: Upcoming IPO Applications - The hard technology sector is prominent among new applications, with companies like Weizhao Semiconductor and Platinum Electronics focusing on power management chips and server power supplies [11] - Biomedicine and consumer sectors also show promise, with companies like Yinuo Micro Pharmaceuticals and Qian Dama seeking capital to expand their market presence [11][12]