Core Viewpoint - Angrui Micro officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 16, marking its entry into the A-share market as a company focused on RF and analog integrated circuit design [2][4]. Group 1: Listing Performance - On its first trading day, Angrui Micro opened at 240 CNY per share, a 188.95% increase from the issue price of 83.06 CNY per share [2][6]. - The stock reached a peak of 244 CNY per share during the day, reflecting a 193.76% increase, and closed at 216.05 CNY per share, up 160.11% [2][5][6]. - The total market capitalization at the end of the first trading day was 21.504 billion CNY [2]. Group 2: Company Strategy and Vision - Angrui Micro has consistently focused on high-performance and high-reliability chip products and technology solutions in the RF and analog integrated circuit design sector [4]. - The company aims to become a world-class chip company in the RF and analog fields, enhancing core technologies and expanding into high-growth sectors such as smart automotive, satellite communication, and smart industrial applications [4][12]. Group 3: Future Development and Funding - The company raised 2.067 billion CNY through its IPO, which will be allocated to three main areas: R&D and industrialization of 5G RF front-end chips and modules, RF SoC R&D and industrialization, and the construction of its headquarters and R&D center [12]. - Angrui Micro is focusing on upgrading 5G modules to meet new customer demands for satellite communication and ultra-thin mobile devices [12]. - The company has also developed a low-power Bluetooth product with a sensitivity of -98dBm, showcasing its competitive edge in the IoT SoC chip market [12]. Group 4: Market Opportunities - Satellite communication is a key focus area, with the company having accumulated relevant technology since 2017 and developed solutions for various devices [13]. - The automotive sector represents another growth opportunity, with Angrui Micro having completed AEC-Q100 certification for automotive-grade RF chips and entering the supply chains of major automotive brands [13].

Core Viewpoint - The company, Angrui Micro, aims to become a world-class chip manufacturer in the RF and analog fields, focusing on technological innovation and long-term growth strategies as it prepares for its IPO on the STAR Market in December 2025 [2][9]. Group 1: Company Background and Development - Angrui Micro was founded in 2012 and is positioned in the RF front-end chip market, which is crucial for precise communication in smart devices [2]. - The company has evolved from facing intense competition in the 2G market to becoming a key player in the 5G high-integration module supply chain [3][4]. - The founder, Qian Yongxue, emphasizes the importance of patience and strategic determination in achieving technological breakthroughs [3]. Group 2: Technological Innovations - The company achieved a significant technological breakthrough by using an innovative CMOS architecture, allowing a single chip to perform the functions of three to four traditional chips, which helped reduce costs for Chinese smartphone manufacturers [3]. - Angrui Micro has developed a 5G high-integration module, L-PAMiD, which has been mass-produced and integrated into flagship devices of major brands [4]. Group 3: Market Opportunities and Growth Strategies - The company is expanding into new growth areas such as satellite communication and vehicle networking, leveraging its core RF technology [6]. - Angrui Micro has developed satellite communication solutions applicable to various devices and has entered the supply chain of major automotive brands with its vehicle-grade RF chips [6][7]. - The company is also exploring opportunities in AI and Bluetooth technology, aiming to meet the high demands of low power consumption and high integration in emerging markets [7]. Group 4: IPO and Future Plans - The company plans to raise approximately 2 billion yuan through its IPO, focusing on R&D and industrial upgrades for 5G RF front-end chips and SoC development [8]. - Angrui Micro aims to enhance its product offerings in response to market demands for satellite communication and the trend towards thinner mobile devices [8]. - The company is committed to a long-term strategy, focusing on solid technological foundations and prudent acquisition strategies to expand its business boundaries [9].