10月28日，四家企业扎堆登陆港股，IPO市场热闹开锣。截至收盘，滴普科技涨150.56%，八马茶业涨86.70%，剑桥科技涨33.86%，三一重工涨2.82%。 暗盘交易：11月5日16：15-18：30 回溯10月行情，新股市场持续保持前期的火热节奏，截至发稿，共有12只新股成功登陆港股。其中，金叶国际集团上市首日大涨330%，刷新2025年新股首 日涨幅记录。 | | | | | 2025年10月港股IF | | --- | --- | --- | --- | --- | | 代码 | 公司名称 | 上市日期 | 上市首日涨跌幅 | 首日一手收 | | | | | | (港元) | | 06980.HK | 八马茶业 | 2025/10/28 | 86.70% | 4335 | | 06166.HK | 剑桥科技 | 2025/10/28 | 33.86% | ت ت ج | | 06031.HK | 三一重工 | 2025/10/28 | 2.82% | 120 | | 01384.HK | 滴普科技 | 2025/10/28 | 150.56% | 8028 | | 00638.HK | 广和通 | ...

文远知行-W(00800.HK)发布公告，公司拟全球发售8825.00万股股份，其中香港发售股份441.25万股， 国际发售股份8383.75万股，另有1323.75万股超额配股权。招股日期为10月28日至11月3日，最高发售价 35.00港元，每手买卖单位100股，入场费约3535.30港元。 公司2023年度、2024年度、2025年半年度截至6月30日止，净利润分别为-19.49亿元、-25.17亿元、-7.92 亿元，同比变动幅度为-50.10%、-29.13%、10.23%。 全球发售预计募资总额为30.89亿港元，募资净额29.32亿港元，募资用途为用于加快公司L4级车队的商 业化量产及╱或运营；用于开发公司的自动驾驶技术栈，包括基础设施和核心能力、数据、自动驾驶技 术解决方案和运营平台；用作营运资金和一般企业用途；用于建立必要的营销团队和分支机构。 文远知行-W预计于2025年11月6日在主板上市，中国国际金融香港证券有限公司、摩根士丹利亚洲有限 公司为联席保荐人。 文远知行是L4级自动驾驶领域的全球先行者。截至最后实际可行日期，我们部署的自动驾驶产品及解 决方案覆盖中国、阿联酋、沙特阿拉伯、瑞 ...

《星岛》见习记者 钟凯 广州报道 10月19日，WeRide Inc.（下称"文远知行"，Nasdaq：WRD）在港交所秘密递表并已获得聆讯通过，联合保荐人为中金公司和摩根士丹利。从10月14日中国 证监会下发境外发行备案通知书，同意其拟发行不超过1.02亿股，到港交所放行，文远知行仅用了5天时间，发行节奏堪称"闪电"。 ▲资料来源：港交所公告截图 这也将是继小马智行之后，近期第二家通过港交所聆讯的L4级自动驾驶公司。两者几乎同时叩开港股大门，"港交所Robotaxi第一股"的悬念被留到挂牌前最 后一秒。 然而，比起谁先敲锣、获得了什么称号，资本市场更关心的或许是：仍处于烧钱期的文远知行，何时才能将"技术里程"转化为可持续的"盈利里程"？ 招股书显示，文远知行于2017年在广州国际生物岛成立，是L4级自动驾驶领域的全球先行者，部署的自动驾驶产品及解决方案已覆盖中国、阿联酋、沙特 阿拉伯、瑞士、法国、新加坡、日本等11个国家的30多个城市。 同时，文远知行是全球唯一旗下产品拥有7国自动驾驶牌照的科技公司，部署的1500多辆自动驾驶汽车车队中，包括700多辆自动驾驶出租车，仅在中东地区 就有超过100辆。根据灼识 ...

Group 1 - The core viewpoint of the report is that Guosen Securities maintains an "outperform" rating for Hezhima Intelligent (02533), projecting revenues of 810 million, 1.27 billion, and 2 billion yuan for 2025-2027 [1] - In H1 2025, the company achieved total revenue of 253 million yuan, representing a year-on-year growth of 40.4% [1] - Revenue from autonomous driving products and solutions in H1 2025 was 237 million yuan, up 41.5% year-on-year, driven by increased sales of assisted driving chips and solutions alongside the rise in mass-produced vehicles [1] - The market penetration of the company's assisted driving solutions in the commercial vehicle sector has improved, aided by enhanced marketing capabilities and attracting large-scale clients [1] - Revenue from intelligent imaging solutions in H1 2025 was 16 million yuan, reflecting a year-on-year increase of 24.8% [1] Group 2 - The A1000 chip has been mass-produced in several new models, including Geely Galaxy E8 and Dongfeng Yipai 007, with new clients in overseas markets [2] - The C1200 chip is set to be mass-deployed in multiple projects with new energy vehicle clients [2] - The A2000 series chip supports urban NOA and can be expanded to L3 and L4 scenarios, with the company aiming to complete model designation and mass production with leading automotive clients within the year [2] Group 3 - In the robotics sector, the company is developing a robot "brain" based on the C1200 chip and a "body" based on the A2000 chip, collaborating with leading bipedal robot enterprises [2] - In the field of unmanned logistics vehicles, the company is working with ecosystem partners to create an L4 autonomous driving system for low-speed functions in closed environments like ports and parks, with ongoing shipments [2] - The company is actively pursuing acquisitions of high-cost-performance, low-power AI chip enterprises to become a leader in edge AI chip technology [2]

Core Viewpoint - Guosen Securities maintains an "outperform" rating for Hezhima (000716) and projects revenue growth from 8.1 billion to 20.0 billion CNY from 2025 to 2027, with a 40.4% year-on-year increase in total revenue for H1 2025 [1] Group 1: Revenue and Business Segments - In H1 2025, the total revenue reached 2.53 billion CNY, marking a 40.4% increase year-on-year [1] - Revenue from autonomous driving products and solutions was 2.37 billion CNY, up 41.5% year-on-year, driven by increased sales of auxiliary driving chips and solutions alongside the rise in mass-produced vehicles [1] - Revenue from intelligent imaging solutions was 0.16 billion CNY, reflecting a 24.8% year-on-year growth [1] Group 2: Product Development and Market Expansion - The A1000 chip has been mass-produced in several new models including Geely Galaxy E8 and Dongfeng Yipai 007, with new clients in overseas markets [1] - The C1200 chip is set for mass deployment in multiple projects with new energy vehicle clients [1] - The A2000 series chip supports urban NOA and can be expanded to L3 and L4 scenarios, with plans to finalize mass production with leading automotive clients within the year [1] Group 3: Robotics and AI Development - The company is developing a robot "brain" based on the C1200 chip and an embodied intelligence "brain" based on the A2000 chip, collaborating with leading bipedal robot companies [2] - In the unmanned logistics sector, the company is working with ecosystem partners to create an L4 autonomous driving system for low-speed functions in closed environments [2] - The company is actively pursuing acquisitions of cost-effective, low-power AI chip firms to establish leadership in edge AI chip technology [2]

Group 1: Macro Economic Insights - The US April CPI increased by 2.3% year-on-year and 0.2% month-on-month, which is below market expectations; core CPI rose by 2.8% year-on-year, aligning with market expectations [3][4][5] - Overall inflation in the US has declined for three consecutive months, but core inflation remains stable, indicating potential upward pressure on inflation due to tariff policies [4][5][6] - The expectation is that the Federal Reserve may not lower interest rates in the near term, with the first potential cut possibly occurring in September [7] Group 2: Electric Power Equipment and New Energy - The "Doubling" initiative for charging facilities is expected to drive nearly 200 billion yuan in investment, significantly benefiting the charging pile industry [10][12] - As of April 2025, the number of public charging piles in China reached 3.992 million, with a year-on-year increase of 22.5% in new charging piles [11] - The European electric vehicle market shows signs of recovery, with April 2025 sales in nine countries reaching 211,000 units, a year-on-year increase of 30.7% [25][30] Group 3: Food and Beverage Industry - The food and beverage sector has outperformed the market, with a 0.5% increase from January to April 2025, surpassing the Shanghai Composite Index by approximately 2.9 percentage points [13][14] - The first quarter of 2025 saw a 4.6% year-on-year increase in revenue for the food and beverage sector, although profit growth was only 0.3% [17] - The market outlook is optimistic, with recommendations to focus on leading companies in the sector, particularly in the liquor and snack segments [18]