Group 1: New Listings - Jiangsu Xihua New Energy Technology Co., Ltd. listed on the Shanghai Stock Exchange main board on December 23, raising 1.01 billion yuan, with a first-day stock price increase of 264.46% and a market cap of approximately 11.4 billion yuan as of December 29 [3][5] - Ningbo Jianxin Superconducting Technology Co., Ltd. listed on the Shanghai Stock Exchange Sci-Tech Innovation Board on December 24, raising 779 million yuan, with a first-day stock price increase of 212.81% and a market cap of approximately 7.9 billion yuan as of December 29 [3][5] - Shenzhen Tian Su Measurement and Testing Co., Ltd. listed on the Shenzhen Stock Exchange ChiNext on December 23, raising 600 million yuan, with a first-day stock price increase of 174.48% and a market cap of approximately 6.8 billion yuan as of December 29 [4][5] - Nabai Chuan New Energy Co., Ltd. also listed on the Shenzhen Stock Exchange ChiNext on December 23, raising 632 million yuan, with a first-day stock price increase of 408.17% and a market cap of approximately 10.1 billion yuan as of December 29 [4][5] Group 2: Companies Passing Review - Shijiazhuang Vision Technology Co., Ltd. passed the review for listing on the Shanghai Stock Exchange Sci-Tech Innovation Board on December 24, focusing on micro-display solutions [6][8] - Luoyang Shenglong Mining Group Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange main board on December 23, engaged in non-ferrous metal mining [9][10] - Hangzhou Fuen Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange main board on December 26, specializing in eco-friendly fabric [9][10] - Shenzhen Dapu Microelectronics Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange ChiNext on December 25, focusing on enterprise-level SSD products [9][10] - Nanchang Sanrui Intelligent Technology Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange ChiNext on December 26, specializing in drone and robot power systems [9][10] Group 3: Companies Submitting IPO Applications - Tianjin Fujida Bicycle Industrial Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange main board on December 24, planning to raise 773 million yuan [12][14] - Shenyang Compressor Group Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange main board on December 25, planning to raise 2.134 billion yuan [12][19] - Shenzhen Hanno Medical Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 23, planning to raise 1.062 billion yuan [12][23] - Dandong Oriental Measurement and Control Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 25, planning to raise 1.1 billion yuan [12][25] - Suzhou Tongxin Medical Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 26, planning to raise 1.064 billion yuan [12][27] - Shenzhen Deep Blue Ocean Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 26, planning to raise 1.5 billion yuan [12][29] Group 4: Financial Data Highlights - Fujida projected revenues of 4.371 billion yuan, 3.621 billion yuan, and 4.880 billion yuan from 2022 to 2024, with net profits of 348 million yuan, 285 million yuan, and 408 million yuan respectively [17][18] - Shenyang Compressor Group projected revenues of 7.396 billion yuan, 8.206 billion yuan, and 9.309 billion yuan from 2022 to 2024, with net profits of 181 million yuan, 355 million yuan, and 442 million yuan respectively [20][21] - Hanno Medical projected revenues of 0, 298 million yuan, and 493 million yuan from 2022 to 2024, with net losses of 647 million yuan, 3.41 billion yuan, and 1.83 billion yuan respectively [24] - Oriental Measurement and Control projected revenues of 603 million yuan, 521 million yuan, and 567 million yuan from 2022 to 2024, with net profits of 92.5 million yuan, 74.8 million yuan, and 73.1 million yuan respectively [26] - Tongxin Medical projected revenues of 8.611 million yuan, 50.453 million yuan, and 77.351 million yuan from 2022 to 2024, with net losses of 1.89 billion yuan, 3.06 billion yuan, and 3.72 billion yuan respectively [28]

中经记者 顾梦轩 李正豪 广州、北京报道 微显示整体解决方案提供商视涯科技近日于科创板提交IPO注册。12月26日，视涯科技发布了《科创板 首次公开发布股票招股说明书（注册稿）》（以下简称"招股说明书"）。 在招股说明书中，视涯科技披露其上市目的：公司通过本次上市募集资金提高研发能力及硅基OLED微 型显示屏产能。一方面能够保障我国微显示产品的供应安全；另一方面，公司将带动设备及材料的国产 替代，深度提升产品的自主可控程度，提升我国微显示产业链的综合竞争力。 《中国经营报》记者注意到，虽然有着较强的竞争力，但在对视涯科技的两轮问询中，上交所共提出多 个问题（第一轮19个，第二轮5个），从产品、行业格局到经营业绩以及关联交易，公司经营的部分隐 患渐渐浮出水面。 持续亏损 招股说明书显示，视涯科技是全球领先的微显示整体解决方案提供商，核心产品为硅基OLED微型显示 屏，并为客户提供包括战略产品开发、光学系统和XR整体解决方案等增值服务。其中，公司核心产品 硅基OLED微型显示屏是AI时代新一代智能终端的核心硬件。 根据弗若斯特沙利文报告，2024年行业内已实现百万级出货的厂商仅索尼与视涯科技，2024年索尼在全 ...

证券之星注意到，受研发费用高企及产线计提的较大折旧等因素的影响，公司长期处于亏损状态。同 时，公司的营收规模始终未突破3亿元，且存在客户及供应商集中度双高的情况。 在IPO申请获得受理前，公司控股股东的三次股权受让行为存在疑点，且有卡点满足上市标准之嫌。更 为关键的是，公司手握15亿元现金仍欲募资超20亿元，其融资规模的合理性引发讨论，加之募投项目新 增产能达现有规模的750倍，公司的产能消化能力存疑。 累亏超9亿，客户供应商集中度双高 招股说明书(注册稿)显示，视涯科技是一家微显示整体解决方案提供商，核心产品为硅基OLED微型显 示屏，并为客户提供包括战略产品开发、光学系统和XR整体解决方案等增值服务。 证券之星注意到，公司的营收体量不高，始终未突破3亿元，且一直处于亏损状态。2022年、2023年、 2024年及2025年1-9月，公司营业收入分别为1.9亿元、2.15亿元、2.8亿元、2.93亿元，归母净利润分别 为-2.47亿元、-3.04亿元、-2.47亿元、-1.67亿元，累亏金额超9亿元。 目前，视涯科技的主要收入来源为OLED微型显示屏业务，该业务营收由2022年的1.17亿元增至2024年 ...

一、IPO审核与注册进展 审9过9，大普微业绩增长可持续性遭追问 据京沪深交易所披露，上周（12月22日-12月28日）9家企业上会，新增29家新受理企业；4家IPO提交注 册，3家IPO注册获通过，5只新股上市。 与此同时，本周（12月29日-12月31日）3家公司上会迎考，4只新股将上市，暂无新股安排申购。 上周，9家IPO首发上会获通过，其中，盛龙股份、福恩股份拟登陆深市主板；视涯科技拟登陆科创 板；大普微、三瑞智能拟登陆创业板；英氏控股、隆源股份、普昂医疗、新恒泰拟登陆北交所。 值得关注的是，大普微为创业板首家获受理的未盈利企业。公司主要从事数据中心企业级SSD产品的研 发和销售。本次冲击上市，大普微拟募集资金约18.78亿元，用于下一代主控芯片及企业级SSD研发及 产业化项目、企业级SSD模组量产测试基地项目以及补充流动资金。 在上市委会议现场，上市委要求大普微结合行业周期及发展趋势、市场竞争格局、产品竞争优劣势、成 本传导能力、主要客户、在手订单等，说明业绩增长的可持续性，预计最早将于2026年扭亏为盈的可行 性及审慎性。 财务数据显示，2022年至2024年及2025年前三季度，大普微实现营收分 ...

Group 1: IPO Updates - Qingsong Health Group officially listed on the Hong Kong Stock Exchange on December 23, 2025, under the stock code "2661" [3] - The company issued 26,540,000 shares, with a subscription rate of 1,421.47 times for the Hong Kong public offering and 2.9 times for the international offering [3] - The funds raised will be used for AI technology upgrades, health service expansion, and industry chain integration [4] Group 2: Company Profiles - Qingsong Health Group, established in 2014, operates as a one-stop digital health and insurance service platform, ranking 10th in China's digital health service market by revenue in 2024 [4] - Wallran Technology plans to list on the Hong Kong Stock Exchange on January 2, 2026, as the "first GPU stock" in Hong Kong, with an expected fundraising of between HKD 4.21 billion and HKD 4.85 billion [6][7] - Wallran Technology's revenue is projected to grow from CNY 499,000 in 2022 to CNY 337 million in 2024, with a compound annual growth rate of 2,500% [8] Group 3: Financial Performance - Wallran Technology has secured sales agreements worth approximately CNY 1.2407 billion, indicating strong future revenue potential [9] - Stone Technology, a leading smart vacuum cleaner brand, reported revenue exceeding CNY 12 billion and a net profit of over CNY 1 billion in the first three quarters of this year [13] - Ruipai Pet's revenue for the first half of 2025 was CNY 943 million, an increase of 8.5% compared to the same period in 2024 [21] Group 4: Market Position - Stone Technology holds a 23.4% market share by GMV and 16.7% by sales in the smart vacuum cleaner market in 2024 [12] - Ruipai Pet is the second-largest pet medical service provider in China, with 548 operating pet hospitals across 70 cities [19] - Vision Technology ranks second globally in the shipment of silicon-based OLED products for XR devices, capturing 35.2% of the market share [17] Group 5: Future Prospects - Vision Technology has established key partnerships with major clients and aims to deliver millions of silicon-based OLED micro-displays annually starting in 2026 [17] - Tongxin Medical is focused on innovative solutions for advanced heart failure treatment and has received regulatory approvals for its implantable heart devices in China and the U.S. [24] - Cloud Deep Technology is advancing in the field of embodied intelligence, with successful applications in various industries, including emergency response and industrial operations [30]

本次冲击上市，视涯科技拟募集资金约20.15亿元，扣除发行费用后将用于超高分辨率硅基OLED微型显 示器件生产线扩建项目和研发中心建设项目。 据悉，视涯科技是微显示整体解决方案提供商，核心产品为硅基OLED微型显示屏，并为客户提供包括 战略产品开发、光学系统和XR整体解决方案等增值服务。公司IPO于2025年6月26日获得受理，当年7月 21日进入问询阶段，并于12月24日上会获得通过。 北京商报讯（记者 马换换 李佳雪）近期，上交所官网显示，视涯科技股份有限公司（以下简称"视涯科 技"）科创板IPO提交注册。 ...

Core Viewpoint - The article highlights the significance of silicon-based OLED micro-displays as the core hardware for next-generation smart terminals in the AI era, emphasizing the rapid growth of demand for high-performance displays in XR devices [2][5]. Company Overview - Shiya Technology Co., Ltd. has successfully passed the IPO application for the Sci-Tech Innovation Board, achieving this milestone in less than six months since its application was accepted [2]. - Established in 2016, Shiya Technology focuses on providing comprehensive solutions for micro-displays, with its core product being silicon-based OLED micro-displays [2]. Market Position - The micro-display industry has been historically dominated by foreign companies such as Sony, eMagin, and MICROOLED. Sony has maintained a leading position since launching its first silicon-based OLED micro-display in 2011 [2]. - Shiya Technology has innovatively developed several core technologies, including silicon-based OLED strong micro-cavity technology and high-efficiency stacked OLED full-color technology, surpassing Sony in key performance metrics and breaking its monopoly in traditional markets [3]. Performance Metrics - According to a report by Frost & Sullivan, in 2024, Shiya Technology is projected to rank second globally in silicon-based OLED product shipments for XR devices, capturing approximately 35.2% of the market, while Sony holds the first position with 50.8% [4]. - Shiya Technology has established partnerships with major global terminal manufacturers, including ByteDance and Lenovo, and aims to deliver millions of silicon-based OLED micro-displays annually starting in 2026 [4]. Financial Data - The revenue figures for Shiya Technology from 2022 to 2024 are projected to be 190 million, 215 million, and 280 million yuan, respectively. In the first three quarters of this year, the company reported a year-on-year revenue growth of 54.67%, reaching 293 million yuan [4]. Industry Trends - The explosive growth of AI technology has led to a surge in demand for high-performance silicon-based OLED micro-displays, highlighting their strategic importance in the international competition of the AI industry [5]. - Competitors like Sony are increasing their investments in R&D and production capacity for silicon-based OLED micro-displays to secure a leading market position in the global AI industry [5].

此次科创板IPO，视涯科技拟募集资金约20.15亿元，其中16.09亿元将投向超高分辨率硅基OLED微型显示器件生产线扩建项目，4.06亿元用于研发中心建 设项目。 | 序号 | 募集资金的投资方向 | 拟投资金额 | 足 | 备案文号 | | --- | --- | --- | --- | --- | | | 超高分辨率硅基 OLED 微型显示器件 生产线扩建项目 | 160,888.80 | 79.86% | 2501-340163-04-05-980051 | | 2 | 研发中心建设项目 | 40,568.45 | 20.14% | 2501-340163-04-05-712150 2501-310115-04-05-979129 | | | 合计 | 201,457.25 | 100.00% | > 公众号 · 芯智讯 | 12月24日晚间，"上海证券交易所上市委2025年第67次审议会议结果公告"显示，视涯科技股份有限公司（以下简称"视涯科技"）符合发行条件、上市条件 和信息披露要求，且无需进一步落实事项。这也意味着"国产硅基OLED第一股"即将诞生！ 视涯科技表示，公司处于我国微显示产业链中上游 ...

12月24日，上海证券交易所发布上市审核委员会第67次审议会议结果公告，审核委员会认为，视涯科 技股份有限公司（下称"视涯科技"）符合发行条件、上市条件和信息披露要求，其首次公开发行股票 并在科创板上市申请获得通过。 最新招股书显示，视涯科技本次拟公开发行不超过1亿股新股，发行后总股本不超过10亿股，保荐人为 国泰海通证券。 本次，视涯科技IPO计划募集资金总额20.15亿元，其中约16.09亿元用于"超高分辨率硅基OLED微型显 示器件生产线扩建项目"，将有效扩充公司12英寸硅基OLED显示屏产能规模，扩产至1080万块屏； 另外，4.06亿元募资投入"研发中心建设项目"，此项目旨在通过对硅基OLED 微显示驱动芯片及微显 示屏等新型显示技术的升级。此项目具体包括"新一代硅基OLED驱动芯片技术研发项目"及"基于叠层 白光OLED的高亮硅基微显示器件研发项目"。 | 序 | 募集资金的投 | 嘉投项目 | 募集资金 | | | | --- | --- | --- | --- | --- | --- | | 官 | 资方向 | 投资总额 | 拟投入金额 | 日本 | 备案文号 | | | 超高分辨率硅 | | ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 腾讯元宝DeepSeek模式使用量较年初增长超100倍 腾讯元宝发布的《元宝×DeepSeek年度报告》显示，自今年2月接入DeepSeek以来截至12月24日，元宝 持续更新DeepSeek的最新模型，用户规模逐步扩大，12月14日当天使用量达到新高，较年初增长超过 100倍。元宝还公布了用户使用DeepSeek的场景：聊天、学习、写作占据前三位。 小米将推17 Ultra徕卡版 小米宣布于12月25日晚间19:00正式推出的小米17 Ultra系列将提供徕卡版本。从官方公布的真机细节来 看，小米17 Ultra徕卡版的核心辨识度亮点当属镜头模组旁的红色徕卡"可乐标"。在摄影圈，这个小红 标堪称专业光学的代名词，此前徕卡虽与多个手机品牌有过合作，但从未开放过可乐标授权。此前小米 总裁卢伟冰公开提到，由于存储成本高企，小米17 Ultra也计划涨价。 Waymo将对无人驾驶车队进行升级 Waymo在发布的博客声明中对此前因停电造成的堵塞情况进行 ...