二、请补充说明你公司下属公司经营范围包含设计、制作、代理、发布各类广告;物业管理等的具体情 况，是否实际开展相关业务及具体运营情况，是否已取得必要的资质许可。 三、请按照《监管规则适用指引——境外发行上市类第2号》补充说明你公司间接控股股东晶晨集团的 穿透情况，是否存在法律法规规定禁止持股的主体。 四、请明确全额行使超额配售权的情况下，你公司本次境外发行的H股数量及占比。 11月14日，中国证监会公布《境外发行上市备案补充材料要求((2025年11月10日—2025年11月14日)》。 其中，公示提到要求晶晨半导体补充说明间接控股股东晶晨集团的穿透情况等事项。据港交所9月25日 披露，晶晨半导体(上海)股份有限公司(简称：晶晨半导体)向港交所主板提交上市申请书，中金公司 （601995）及海通国际为联席保荐人。 中国证监会请晶晨半导体补充说明以下事项，请律师核查并出具明确的法律意见： 一、请补充说明：(1)你公司注册资本变更的工商登记手续办理进展。(2)芯迈微100%股权变更登记至你 公司名下的手续办理进展，并参照其他子公司说明芯迈微的基本情况。 招股书披露，晶晨半导体是全球布局、世界领先的系统级半导体系统设 ...

智通财经APP获悉，11月14日，中国证监会公布《境外发行上市备案补充材料要求((2025年11月10日— 2025年11月14日)》。其中，公示提到要求晶晨半导体补充说明间接控股股东晶晨集团的穿透情况等事 项。据港交所9月25日披露，晶晨半导体(上海)股份有限公司(简称：晶晨半导体)向港交所主板提交上市 申请书，中金公司及海通国际为联席保荐人。 中国证监会请晶晨半导体补充说明以下事项，请律师核查并出具明确的法律意见： 一、请补充说明：(1)你公司注册资本变更的工商登记手续办理进展。(2)芯迈微100%股权变更登记至你 公司名下的手续办理进展，并参照其他子公司说明芯迈微的基本情况。 二、请补充说明你公司下属公司经营范围包含设计、制作、代理、发布各类广告;物业管理等的具体情 况，是否实际开展相关业务及具体运营情况，是否已取得必要的资质许可。 三、请按照《监管规则适用指引——境外发行上市类第2号》补充说明你公司间接控股股东晶晨集团的 穿透情况，是否存在法律法规规定禁止持股的主体。 四、请明确全额行使超额配售权的情况下，你公司本次境外发行的H股数量及占比。 招股书披露，晶晨半导体是全球布局、世界领先的系统级半导体系 ...

Core Viewpoint - The company, A-share listed Jingchen Co., Ltd. (SH688099), has submitted its IPO application to the Hong Kong Stock Exchange, aiming to enhance its capital strength and competitiveness while advancing its international strategy [1][3]. Group 1: IPO Details - Jingchen Co., Ltd. plans to use approximately 70% of the funds raised from the IPO for growth and R&D enhancement, 10% for global customer service system development, 10% for investments and acquisitions related to its "platform + ecosystem" strategy, and the remaining 10% for working capital and general corporate purposes [3]. Group 2: Business Model and Revenue Sources - The company, established in July 2003 and headquartered in Shanghai, operates as a system-level semiconductor design firm, providing smart terminal control and connectivity solutions [4]. - Approximately 80% of the company's revenue is generated through a distribution model, relying on around 24 distributors [5]. - The majority of revenue comes from semiconductor sales, particularly from smart multimedia and display SoCs, which accounted for over 70% of total revenue during the reporting period [5]. Group 3: Financial Performance - The company's revenue for the reporting periods was 5.545 billion, 5.371 billion, 5.926 billion, and 3.33 billion yuan, with net profits of 727 million, 498 million, 822 million, and 497 million yuan respectively [7]. - The company has seen a positive growth trend in net profit after two years of decline [7]. Group 4: Customer and Supplier Concentration - The top five customers contributed to 57.9%, 65.5%, 63.3%, and 66.3% of total revenue during the reporting periods, with the largest single customer accounting for 17.3%, 24.5%, 18.8%, and 20.4% [7]. - The company has a high supplier concentration, with the top five suppliers accounting for 91.2%, 86.6%, 88.0%, and 78.9% of total procurement during the reporting periods [8]. Group 5: Inventory and Receivables - The company's inventory has shown a fluctuating growth trend, with values of 1.518 billion, 1.245 billion, 1.41 billion, and 1.853 billion yuan [9]. - Accounts receivable have also shown a fluctuating growth trend, with amounts of 153 million, 245 million, 199 million, and 299 million yuan [11].

Core Viewpoint - The article discusses the recent IPO filing of Shanghai AIoT chip leader Amlogic, highlighting its market position, financial performance, and product offerings in the smart terminal SoC chip sector. Company Overview - Amlogic was founded in July 2003 and provides smart terminal control and connectivity solutions, including smart multimedia and display SoC chips, AIoT SoC chips, communication and connectivity chips, and smart automotive SoC chips [9]. - As of 2024, Amlogic ranks fourth globally among manufacturers focused on smart terminal SoC chips and is the leading provider in mainland China and second globally in the home smart terminal SoC chip market [9]. Financial Performance - Amlogic's revenue for 2022, 2023, 2024, and the first half of 2025 was 5.545 billion, 5.371 billion, 5.926 billion, and 3.329 billion RMB respectively, with net profits of 732 million, 499 million, 819 million, and 493 million RMB [17]. - The company has seen a significant increase in R&D spending, with 2022, 2023, 2024, and the first half of 2025 recording R&D expenses of 1.185 billion, 1.283 billion, 1.353 billion, and 735 million RMB respectively [17]. Market Position - Amlogic's chips have been shipped over 1 billion units by June 30, 2025, with a notable increase in shipments of its new generation flagship products targeting emerging smart terminal markets [12]. - The company has established long-term partnerships with major clients, with the top five clients contributing 57.9%, 65.5%, 63.3%, and 66.3% of total revenue from 2022 to the first half of 2025 [35][39]. Product Offerings - Amlogic's SoC chips include a variety of products for smart multimedia, AIoT, communication, and automotive applications, with over 70% of its SoC chips featuring self-developed functional modules [26][29]. - The company has a strong focus on R&D, with 86.6% of its workforce being technical personnel, and holds 353 authorized patents as of the latest reporting date [27][28]. Customer Base - Amlogic maintains stable relationships with its top clients, which include leading companies in electronic communication and professional electronic components, ensuring a steady revenue stream [36][38].

Core Viewpoint - The company, Jingchen Semiconductor, has submitted its IPO application to the Hong Kong Stock Exchange, aiming to enhance its capital strength and competitiveness while advancing its international strategy [1]. Group 1: IPO Details - Jingchen Semiconductor plans to use approximately 70% of the IPO proceeds to support growth and enhance R&D capabilities, 10% for global customer service system development, 10% for strategic investments and acquisitions related to its "platform + ecosystem" strategy, and the remaining 10% for working capital and general corporate purposes [1]. Group 2: Company Overview - Established in July 2003 and headquartered in Shanghai, Jingchen Semiconductor is a system-level semiconductor design company providing smart terminal control and connectivity solutions [2]. - The company ranks fourth globally among manufacturers focused on smart terminal SoC chips and first in mainland China for home smart terminal SoC chips [2]. Group 3: Revenue and Sales - As of mid-2023, Jingchen Semiconductor's cumulative chip shipments exceeded 1 billion units, with its business covering over 250 global mainstream operators and 14 of the top 20 global TV brands [2]. - Revenue from distributors accounted for 73.3%, 78.5%, 78.3%, and 76.9% of total sales from 2022 to the first half of 2025 [3][4]. Group 4: Financial Performance - The company's revenue for the reporting periods was 5.545 billion RMB, 5.371 billion RMB, 5.926 billion RMB, and 3.33 billion RMB, with net profits of 727 million RMB, 498 million RMB, 822 million RMB, and 497 million RMB respectively [6]. - The company has seen a recovery in net profit growth after declines in 2022 and 2023 [6]. Group 5: Customer and Supplier Concentration - The top five customers contributed over 60% of the revenue, with the largest single customer accounting for 17.3% to 24.5% of total revenue during the reporting periods [6]. - The company relies heavily on a small number of suppliers, with the top five suppliers accounting for 91.2% to 78.9% of total procurement [7]. Group 6: Inventory and Receivables - As of mid-2023, the company's inventory reached nearly 1.9 billion RMB, with inventory turnover days averaging around 152.5 days [8]. - Accounts receivable also showed a fluctuating growth trend, reaching 299 million RMB by mid-2023 [9].

Core Viewpoint - The semiconductor company, Jingchen Co., is preparing for an IPO on the Hong Kong Stock Exchange after successfully listing on the A-share market, aiming to enhance its capital strength and international competitiveness [2][11]. Company Overview - Jingchen Co. was established in 2003 and listed on the A-share Science and Technology Innovation Board in 2019, with a current market capitalization exceeding 468 billion RMB after a nearly 62% increase in stock price this year [3]. - The company specializes in system-level semiconductor design, providing advanced control and connectivity solutions for various applications, including smart home, smart office, and automotive sectors [3][4]. Financial Performance - Revenue and profit figures for Jingchen Co. from 2022 to 2025 show a stable performance, with revenues of 55.45 billion RMB in 2022, projected to rise to 59.26 billion RMB in 2024, and profits of 7.32 billion RMB in 2022, expected to increase to 8.19 billion RMB in 2024 [4][5]. - The gross profit margin is projected to improve from 35.1% in 2022 to 37.1% in 2024, with a notable increase in the first half of 2025 [4]. Product Segmentation - The revenue contribution from smart multimedia and display SoC chips remains significant, accounting for 75.6% in 2022 and projected to decrease slightly to 70.9% in 2025 [5][6]. - AIoT SoC products are also gaining traction, with their revenue share increasing from 23.0% in 2022 to 26.7% in the first half of 2025 [7]. Geographic Revenue Distribution - A substantial portion of Jingchen Co.'s revenue comes from markets outside mainland China, with contributions rising from 84.5% in 2022 to 92.0% in the first half of 2025 [7][8]. Customer Dependency - The top five customers account for a significant portion of total revenue, with their contributions increasing from 57.9% in 2022 to 66.3% in the first half of 2025, indicating a high dependency on a few key clients [8]. Supply Chain Considerations - As a fabless semiconductor company, Jingchen Co. relies heavily on third-party suppliers for wafers and chip packaging, with the top five suppliers accounting for over 86% of procurement in recent years [9]. - The company faces risks related to supply chain disruptions, which could impact product delivery and costs [10]. Future Plans - If the IPO is successful, Jingchen Co. plans to allocate approximately 70% of the net proceeds to support growth and enhance R&D capabilities, with additional funds directed towards customer service, strategic investments, and general corporate purposes [11].

Core Viewpoint - The company, Amlogic, is set to go public on the Hong Kong Stock Exchange, following its successful listing on the STAR Market in China, where it has established itself as a leading semiconductor design firm with a strong market presence in various sectors [1][2]. Company Overview - Founded in 2003, Amlogic has become a global leader in system-level semiconductor design, ranking fourth worldwide in smart terminal SoC chips and first in mainland China for home smart terminal SoC chips [2]. - The company has shipped over 1 billion chips as of June 30, 2025, and serves over 250 global telecom operators and 14 of the top 20 TV brands [3][4]. Financial Performance - Amlogic's revenue for 2022, 2023, and 2024 was 5.545 billion, 5.371 billion, and 5.926 billion yuan respectively, with net profits of 732 million, 500 million, and 819 million yuan [4]. - As of the first half of 2025, the company reported a revenue of 3.33 billion yuan, an 11% year-on-year increase, and a net profit of 493 million yuan, a 36.2% increase [4]. Product Portfolio - The company's core products include smart multimedia and display SoC chips, AIoT SoC chips, communication and connectivity chips, and smart automotive SoC chips [5]. - The smart set-top box chip remains a traditional stronghold, while the smart TV chip is rapidly growing, and AI audio-video system terminal chips are expected to be significant growth drivers [5]. Market Opportunities - The global smart home SoC market is projected to grow from $3.8 billion in 2024 to $7.7 billion in 2029, with a CAGR of 15.2% [6]. - The smart automotive SoC market is expected to increase from $11.3 billion in 2024 to $39.2 billion in 2029, with a CAGR of 28.2% [7]. Competitive Landscape - Amlogic faces intense competition from major players like MediaTek, Qualcomm, and Broadcom, as well as domestic competitors such as Rockchip and Allwinner [8]. - The company relies heavily on third-party foundries for production, which poses risks during periods of tight capacity [8]. Strategic Initiatives - The company plans to use the funds raised from its IPO to enhance R&D capabilities, build a global customer service system, and pursue strategic investments and acquisitions [9]. - Amlogic's diversified business structure and strong technical capabilities position it well to capitalize on industry growth opportunities despite the competitive challenges [9].

Core Viewpoint - The article discusses the strategic expansion of Amlogic through mergers and acquisitions, particularly focusing on enhancing its capabilities in the automotive smart cockpit ecosystem and broadening its wireless communication technology offerings [3][5][17]. Financial Performance - As of the first half of the year, the company reported revenue of 3.329 billion yuan, a year-on-year increase of 10.38% [4]. - The gross margin was 37.5%, up by 2.1 percentage points compared to the same period last year [4]. - The pre-tax profit margin was 14.5%, an increase of 1.8 percentage points year-on-year [4]. - Revenue sources include 70.9% from smart multimedia and display SoCs, and 26.7% from AIoT SoCs, with these two categories accounting for over 90% of total revenue [4]. Mergers and Acquisitions - The company acquired Chipmike Microelectronics for 316 million yuan, focusing on WAN communication chips and solutions, which is expected to enhance its AIoT solutions and long-term business development [5][18]. - The acquisition is projected to yield a 30% cost reduction in wafer production, translating directly into increased gross profit for the parent company [5]. - The company aims to leverage the acquired IP and team to accelerate entry into new business areas [5]. Market Position and Product Offerings - Amlogic ranks fourth globally in the smart terminal SoC market and holds the top position in the Chinese market for smart home terminal SoCs [3]. - The company’s core business segments include smart multimedia and display SoCs, AIoT SoCs, communication connection chips, and automotive SoCs [9][12]. - The smart multimedia and display SoC segment generated 70.9% of revenue in the first half of the year, with a global market share of 31.5% in smart set-top box SoCs and 16.8% in smart TV SoCs [12][13]. Research and Development - The company has applied advanced 6nm process technology in its smart device SoC chips and holds 353 patents, 88 copyrights, and 59 registered trademarks [6]. - R&D expenses accounted for 22.1% of revenue in the first half of the year, with a projected increase to 22.8% in 2024 [6]. Strategic Focus - The company’s future strategy emphasizes continuous innovation in AI and communication technologies, deepening partnerships with leading clients, leveraging talent for product innovation, and exploring strategic investment and acquisition opportunities [14][18].

Core Viewpoint - The company, Amlogic, is planning to list its H-shares on the Hong Kong Stock Exchange to enhance its capital strength and competitiveness while advancing its international strategy [1] Group 1: Financial Performance - Amlogic's revenue for the years 2022, 2023, 2024, and the first half of 2025 is approximately 5.545 billion, 5.371 billion, 5.926 billion, and 3.33 billion yuan respectively, with net profits of about 732 million, 499 million, 819 million, and 493 million yuan [2] - The cumulative shipment of Amlogic's chips has exceeded 1 billion units as of June 30 [2] Group 2: Use of Proceeds - The funds raised from the listing will be used to support ongoing growth and enhance the company's R&D capabilities, build a global customer service system over the next five years, and invest in strategic acquisitions related to the "platform + ecosystem" strategy [3] Group 3: Customer and Supplier Dependency - Amlogic's top five customers generated revenues of approximately 3.21 billion, 3.519 billion, 3.752 billion, and 2.207 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, accounting for 57.9%, 65.5%, 63.3%, and 66.3% of total revenue respectively [4] - The company relies heavily on its suppliers, with the top five suppliers accounting for 91.2%, 86.6%, 88.0%, and 78.9% of total procurement in the same years [4]

Core Viewpoint - Company plans to list H-shares on the Hong Kong Stock Exchange to enhance capital strength and competitiveness, following its listing on the Shanghai Stock Exchange in August 2019 [1] Group 1: Fundraising and Business Overview - The funds raised will primarily be used to enhance R&D capabilities, build a global customer service system, and support strategic investments and acquisitions related to the "platform + ecosystem" strategy [3] - Company is a leading global system-level semiconductor design manufacturer, providing smart terminal control and connectivity solutions across various sectors, including smart homes and automotive [2] - As of June 30, the company has shipped over 1 billion chips, with projections indicating that by 2024, one in three smart set-top boxes and one in five smart TVs will use its chips [2] Group 2: Financial Performance - Revenue figures for the company are projected as follows: approximately 5.545 billion yuan in 2022, 5.371 billion yuan in 2023, 5.926 billion yuan in 2024, and 3.33 billion yuan in the first half of 2025, with corresponding net profits of about 732 million yuan, 499 million yuan, 819 million yuan, and 493 million yuan [2] Group 3: Customer and Supplier Dependency - The top five customers contributed approximately 3.21 billion yuan, 3.519 billion yuan, 3.752 billion yuan, and 2.207 billion yuan to total revenue in 2022, 2023, 2024, and the first half of 2025, representing 57.9%, 65.5%, 63.3%, and 66.3% of total revenue respectively [4] - The company has a high dependency on suppliers, with the top five suppliers accounting for 91.2%, 86.6%, 88.0%, and 78.9% of total procurement in the same years [4]