在 20 世纪 50 年代以前，加州圣克拉拉谷不过是美国西海岸一个再普通不过的农业郊区，比起日后广为 人知的 " 硅谷 " 盛名， " 世界果篮 " 才是它当时的代名词。 转动这片土地命运齿轮的，是一系列连续登场的科技企业。从半导体到计算机，从互联网到人工智能， 每一轮技术浪潮的演进，推动硅谷完成一次又一次产业升级与城市重构。 在电子投资热潮下，诞生于硅谷的 Intel 和 AMD 相继在 1971 、 1972 年上市，大量半导体企业走入资 本市场。 这波 IPO 浪潮为硅谷的发展提供了关键资金，它资助了芯片企业的扩建和研发投入，奠定了 硅谷硬核科技的底色，也带动大量工程师、设备供应商、技术服务商向圣克拉拉谷聚集。 芯片催化了计算机产业的成熟。苹果在 1980 年的 IPO 堪称里程碑，超过 1 亿美元的募资金额，是自 1956 年福特汽车公司上市以来美国规模最大的 IPO 。从东海岸到西海岸的这次接棒，标志着全球进入 个人计算机与企业 IT 时代。 更重要的是，不断完善与迭代的创新产业链条，让硅谷吸引了一批科技极客们，他们的创意在软硬件领 域各自攻城略地，日后成长为影响无数人的世界级企业。 1982 年， ...

作者：王宗耀 2025年A股IPO市场量质齐升，116只新股募资超1300亿元，硬科技与新能源企业主导，审核效率提升，中信证券保荐领先。 2025年7月16日，华电新能（600930.SH）成功登陆上证主板，募资181.71亿元，成为当年A股年度"募资王"。同年，两大国产GPU龙头摩尔线程-U （688795.SH）、沐曦股份-U（688802.SH）也相继登陆科创板，受到股民热捧，最高价曾分别达到941.08元和895元……整体上，2025年的A股IPO市场实 现量质齐升，上演了一场"硬科技"、"新能源"等新质生产力为投资主线的大剧，这背后既有监管机构政策更新带来的效率提升，也有保荐人勤勉尽责，严 把质量关，做好"守门人"的坚守。 随着A股牛市行情的延续，对于2026年IPO市场发展情况，申万宏源证券判断：预期首发估值仍延续2024年以来的较低水平，同时，目前沪深不乏质优、 首发规模体量偏大的IPO排队项目，2026年的首发战配参与机会值得期待。 "现有139个IPO排队项目中80个项目预计首发募资额超10亿元，预期2026年新 股发行将进一步提速，首发规模较2025年进一步抬升。" 116只新股上市 审核 ...

本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【上海阵量智能科技注册资本增至约8.15亿，新增股东】1月5日消息，近日上海阵量智能科技有限公司 进行工商变更，注册资本增加至约8.15亿元。新增宁波越秀甬元股权投资合伙企业、中国国有企业混合 所有制改革基金有限公司等为股东。该公司是曦望Sunrise关联公司，专注高性能GPU研发，定位"更懂 AI的芯片公司"。 ...

人民财讯1月5日电，企查查APP显示，近日，上海阵量智能科技有限公司发生工商变更，注册资本增加 至约8.15亿元，新增宁波越秀甬元股权投资合伙企业(有限合伙)、中国国有企业混合所有制改革基金有 限公司等为股东。资料显示，上海阵量智能科技有限公司为曦望Sunrise关联公司，专注高性能GPU研 发，定位于"更懂AI的芯片公司"。 ...

编者按：当前，发展新质生产力已成为推动高质量发展的内在要求和重要着力点。国有企业作为国民经济的中坚力量，在这一进程中肩负着重要使命。重 庆，立足西部大开发重要战略支点，国有企业更以"排头兵"的姿态，积极投身新质生产力的探索与实践。为系统展现重庆国企在发展新质生产力中的行动与 思考，央广网重庆频道策划推出融媒体报道《国企渝进》，通过深入一线调研、对话企业代表、剖析典型样本，多维度探索重庆国企高质量发展新质生产力 的实施路径，为"十五五"时期重庆乃至西部的产业升级和高质量发展提供前瞻性思考和案例支撑。 近日，沐曦集成电路（上海）股份有限公司正式登陆科创板，开盘后股价持续走高，一度涨超700%，总市值超3300亿元，成为国内高性能GPU赛道引人瞩 目的上市案例。其背后重要投资方，重庆渝富控股集团通过成渝双城基金布局战略性新兴产业，以"链式投资"助推地方产业集群升级。 培育新质生产力，关键在于形成具有强大竞争力的现代产业集群。重庆渝富控股集团紧扣国家战略和区域发展需要，以精准的"链式投资"布局，在巴渝大地 上绘就了一幅产业大升级、集群大发展的壮阔画卷。 培育标杆 系统性赋能铸就新能源汽车产业极核 在智能网联新能源汽车 ...

Group 1: Market Performance and Institutional Research - A total of 117 listed companies received institutional research from December 22 to December 26, with over 70% of these companies achieving positive returns [1] - Notable stock performances include Chaojie Co., Ltd. (301005) with a 41.6% increase, Guanglian Aviation (300900) up 32.44%, and Demingli (001309) rising 24.97% [1] - Popular research targets included Lingyi Technology (002600), which received over 100 institutional inquiries, while companies like Pulite (002324) and Guangdian Measurement (002967) were also highlighted with over 50 inquiries each [1] Group 2: Lingyi Technology Acquisition - Lingyi Technology announced a significant acquisition of a thermal management company, acquiring 35% of Dongguan Liminda Electronic Technology Co., Ltd. for 875 million yuan, resulting in a control of 52.78% voting rights [2] - The acquisition raised eyebrows due to a high valuation premium, with Liminda's audited equity valued at 71.27 million yuan, while the assessed value reached 2.51 billion yuan, indicating a premium rate exceeding 34 times [2] - Liminda's products include critical thermal management hardware for servers, and it is recognized as a liquid cooling supplier for NVIDIA [2] Group 3: Lingyi Technology's Strategic Goals - Institutions are particularly interested in whether Liminda's clients include major overseas companies like NVIDIA, Meta, and Google, as well as the strategic purpose behind the acquisition [3] - The acquisition aims to enhance Lingyi Technology's product matrix in the server segment and improve the business scale and profitability of its AI hardware server division [3] - Lingyi Technology has developed advanced thermal management products for enterprise-level servers, including GPU and CPU cooling solutions [3] Group 4: Pulite's Breakthroughs - Pulite received attention from 76 institutions, highlighting breakthroughs in modified materials, LCP (liquid crystal polymer), sodium-ion batteries, and humanoid robots [4] - The company's modified materials are applicable in humanoid robot components, and it is currently collaborating with leading clients in the humanoid robot industry [4] - Pulite's LCP fibers have entered the supply chain of a major domestic low-orbit satellite client, with significant growth expected in orders due to increasing demand for flexible solar wings [4] Group 5: Guangting Information's Strategic Positioning - Guangting Information engaged with 66 institutions, positioning itself as a "Digital Architect" in the automotive software industry, aiming to create an AI worker ecosystem [5] - The company is implementing a Super Software Workshop (SDW) model for human-machine collaborative development, which is expected to significantly enhance productivity [5] - Guangting Information's international strategy focuses on steady domestic growth while exporting intelligent automotive technology and providing services to foreign manufacturers [5]

沐曦的成功上市，是建投母基金践行"战略聚焦+专业运作"的生动体现，更是国有资本通过基金工具服 务科技创新、推动产业升级的有效实践。通过布局沐曦这类的硬科技企业，建投母基金不仅实现了国有 资产的保值增值，更有力赋能了集团在数字经济、先进计算等相关主业领域的生态构建与能力提升。 未来，建投母基金将继续深耕硬科技与战略性新兴产业，以"基金跟投+工程赋能"模式不断扩充金融生 态圈，持续完善投资体系，为集团培育新增长点、推进产业转型升级，也为助力湖南高质量发展、服务 国家科技自立自强贡献坚实的建投力量。 来源：湖南建设投资集团有限责任公司（作者：林亚希） 作为湖南省"5+N"国资产业基金体系的重要组成部分，建投母基金自成立以来，始终紧扣"聚焦硬科 技、赋能真创新"的投资理念，积极对接国家战略，重点围绕新基建、能源革命、硬科技等战略性赛道 布局。沐曦集成电路作为国内少数具备全栈高性能GPU研发能力企业，其发展路径高度契合国家"人工 智能+"行动与数字经济战略，技术实力与成长潜力突出。上市首日以829.90元的价格收盘，涨幅达 692.95%，表现十分亮眼。建投母基金凭借前瞻研判与专业运作，把握时机通过基金份额投资方式锁定 ...

Core Viewpoint - The successful listing of Mu Xi Integrated Circuit Co., Ltd. on the Sci-Tech Innovation Board marks a significant milestone in the development of the company and serves as a key achievement for the Xiangjiang New Area in promoting hard technology industry development through strategic capital deployment [1]. Group 1: Company Development - Mu Xi was in a critical phase of technology verification for its first high-performance GPU product during the Pre-B round investment by Xiangjiang Guotou, highlighting the urgent need for stable long-term funding [3]. - The company has successfully launched multiple high-performance GPU products with independent intellectual property rights, breaking foreign monopolies in fields such as artificial intelligence training and inference, scientific computing, and graphic rendering [3]. Group 2: Investment Strategy - Xiangjiang Guotou focuses its investments on sectors with significant advantages or growth potential, including new energy, new materials, and new-generation information technology, achieving preliminary coverage of key nodes in the semiconductor industry chain [5]. - The investment strategy includes a dual approach of direct investment and fund management, aiming to drive industrial investment and capital attraction [1]. Group 3: Future Plans - Xiangjiang Guotou plans to continue its investment strategy by supporting existing portfolio companies and addressing their developmental challenges while also making precise investments in core industry chains such as new-generation information technology and artificial intelligence [7]. - The company has invested in high-growth projects in the new materials and new-generation information technology sectors, including notable companies like Meicheng New Materials and Xidi Zhijia [7].

Core Insights - Muxi Integrated Circuit (Shanghai) Co., Ltd. officially listed on the Sci-Tech Innovation Board on December 17, 2025, with a market value exceeding 300 billion yuan on its first trading day [3][4]. Investment Focus - Springhua Capital focuses on early-stage investments in cutting-edge technologies, particularly in AI and semiconductor sectors, and has made significant investments in high-performance GPU and autonomous computing systems [4][6]. - The firm has invested in various promising startups in chip design, including AI computing chips, storage chips, and integrated storage-computing solutions [6][7]. Portfolio and Collaborations - Springhua Capital has a diverse portfolio that includes investments in AI, robotics, and medical technology, with notable companies such as BAIYI ZHIHUI and XINGRUI PHARMACEUTICAL [7][11]. - The firm has established deep collaborations with top universities and research institutions, leveraging its strong alumni network to identify and support innovative entrepreneurs [10][11]. Strategic Vision - Springhua Capital aims to support companies with original innovation and disruptive technologies, believing that small, effective innovations can lead to significant global changes [7][11]. - The firm is committed to facilitating the commercialization of hard technologies and helping Chinese tech companies overcome technological barriers [11].

Group 1 - The core viewpoint of the articles is the announcement of the subscription situation and winning rates for the IPOs of two semiconductor companies, Muxi Co., Ltd. and Angrui Microelectronics, on the Sci-Tech Innovation Board [1][2] Group 2 - Muxi Co., Ltd. has an issuance price of 104.66 yuan per share, with a total of 40.1 million shares offered, aiming to raise 3.904 billion yuan [1] - The effective number of subscription accounts for Muxi Co., Ltd. reached 5.1752 million, with a total of 28.862 billion shares subscribed, resulting in an initial winning rate of 0.02223023% [1] - After the adjustment mechanism was activated, the final number of shares issued online for Muxi Co., Ltd. was 9.6655 million, accounting for 29.74% of the total issuance [1] Group 3 - Angrui Microelectronics announced an issuance price of 83.06 yuan per share, with a total of 24.8829 million shares offered, aiming to raise 2.067 billion yuan [2] - The effective number of subscription accounts for Angrui Microelectronics reached 5.1292 million, with a total of 17.314 billion shares subscribed, resulting in an initial winning rate of 0.02299243% [2] - Following the activation of the adjustment mechanism, the final number of shares issued online for Angrui Microelectronics was 5.9720 million, accounting for 30% of the total issuance [2]