// Company Overview //
| Stock Name | 長光辰芯 |
|---|---|
| Stock Code | 03277 |
| Company Full Name | 長光辰芯 |
| Industry | 半導體 |
| Principal Activities | 我們是CMOS圖像傳感器提供商，專注於CIS的研發，提供九大產品系列，適用於工業成像、科學成像、專業影像和醫療成像等領域，以無晶圓廠模式營運。 |
| Listing Date | 2026-04-17 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | No data |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 吉林省長春市經濟技術開發區自由大路7691號光電信息產業園一期1號、5號辦公樓 |
| Business Address (Hong Kong) | 灣仔皇后大道東248號大新金融中心40樓 |
| Place of Incorporation | No data |
| Listing Method | No data |
| Listing Board | Main Board |
| Website | gpixel.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
// Offering Information //
| Offering Mechanism | 机制B |
|---|---|
| Clawback Tiers | 机制B不设回拨，公开发售占比维持10.0% |
| Offer Period | 2026-04-09 to 2026-04-14 |
| Offer Price | HK$ 39.88 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 3,988 |
| Par Value | RMB 1.0 / shares |
| Global Offering Shares | 65,294,200 |
| HK Public Offering Shares | 6,529,500 (10.0%) |
| International Placing Shares | — (0.0%) |
| Offer Ratio | ~15.0% |
| Total Shares Post-IPO | 435,294,200 shares |
| Total Global Offering Size | HK$ 2,603,932,696 |
| Public Offering Size | HK$ 260,396,460 (10.0%) |
| Oversubscription Multiple | 1,138.2x |
| Valid Applications | 266,501 |
| Accepted Applications | 45,516 |
| Reallocation | No |
| Total Funds Raised | HK$ 260,396,460 |
| Greenshoe (Over-allotment Option) | Yes |
| Final Public Offering Share | 10.0% |
// Valuation & Financials //
| Market Cap (at Offer Price) | HK$ 17,359,500,000 |
|---|---|
| Pre-IPO Valuation (Last Round) | No data |
| P/E Ratio | 不適用（公司處於盈利狀態，但未提供市盈率信息） |
| Profit/Loss Status | 盈利約人民幣293.1百萬元 |
| Period-End Cash Balance | 人民币166,700,000元 |
| Listing Expenses | ~HK$ 100,400,000 |
| Listing Expenses / Funds Raised | ~3.9% |
| Total Pre-IPO Investment | No data |
// First Day Performance
| First Day Close | Loading... |
|---|---|
| First Day Open | HK$ 72.0 |
| First Day Change | 75.53% |
| First Day Volume | 28022900.0 |
| First Day Turnover | 2010050000.0 |
// Price Chart //
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// Use of Proceeds
| Use of Proceeds | 1、約55.0%，或1,377.0百萬港元，預計將用于增加我們的研發投資； 2、約21.0%，或525.8百萬港元，預計將用于建立一個先進的CMOS圖像傳感器研發中心； 3、約4.0%，或100.1百萬港元，預計用于擴展我們的封裝及測試生產線； 4、約10.0%，或250.4百萬港元，預計用于通過戰略性地域擴張，增強我們的海外運營； 5、約10.0%，或250.4百萬港元，預計用于營運資金及一般企業用途。 |
|---|
// Underwriting Syndicate //
联席保荐人 (2)
中信证券（香港）有限公司
国泰君安融资有限公司
保荐人兼整体协调人 (2)
中信里昂证券有限公司
国泰君安证券（香港）有限公司
整体协调人 (2)
中信里昂证券有限公司
国泰君安证券（香港）有限公司
联席全球协调人 (2)
中信里昂证券有限公司
国泰君安证券（香港）有限公司
联席账簿管理人 (2)
中信里昂证券有限公司
国泰君安证券（香港）有限公司
联席牵头经办人 (2)
中信里昂证券有限公司
国泰君安证券（香港）有限公司
资本市场中介人 (2)
中信里昂证券有限公司
国泰君安证券（香港）有限公司
// Service Providers //
| Role | Institution |
|---|---|
| 本公司法律顾问 |
嘉源律师事务所 嘉源律师事务所 大江桥律师事务所 金杜律师事务所 |
| 保荐人/包销商法律顾问 |
竞天公诚律师事务所有限法律责任合伙 竞天公诚律师事务所 |
| 核数师兼申报会计师 | 安永会计师事务所 |
| 行业顾问 | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| 合规顾问 | 国泰君安融资有限公司 |
| 收款银行 | 中信银行（国际）有限公司 |
// Cornerstone Investors //
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 3W Funds | 39,158,172 HKD | — | 1.50% | — | 6 months | 2026-10-17 |
| 2 | Arc Avenue Asset Management Pte. Ltd. | 78,320,332 HKD | — | 3.01% | — | 6 months | 2026-10-17 |
| 3 | Boyu Capital Opportunities Master Fund | 78,320,332 HKD | — | 3.01% | — | 6 months | 2026-10-17 |
| 4 | China Orient Multi-Strategy Master Fund | 13,559,200 HKD | — | 0.52% | — | 6 months | 2026-10-17 |
| 5 | Cithara Global Multi-Strategy SPC — Disruptive Innovation Investment Fund SP | 15,660,876 HKD | — | 0.60% | — | 6 months | 2026-10-17 |
| 6 | CPE Peepal Investment Limited | 117,482,492 HKD | — | 4.51% | — | 6 months | 2026-10-17 |
| 7 | HHLR Advisors, Ltd. | 117,482,492 HKD | — | 4.51% | — | 6 months | 2026-10-17 |
| 8 | Perseverance Asset Management International (Singapore) Pte. Ltd. | 78,320,332 HKD | — | 3.01% | — | 6 months | 2026-10-17 |
| 9 | Source Code Super Holdings Co. | 39,158,172 HKD | — | 1.50% | — | 6 months | 2026-10-17 |
| 10 | UBS Asset Management (Singapore) Ltd. | 117,482,492 HKD | — | 4.51% | — | 6 months | 2026-10-17 |
| 11 | WT Asset Management Limited | 39,158,172 HKD | — | 1.50% | — | 6 months | 2026-10-17 |
| 12 | Yield Royal Investment Holding (Singapore) PTE. LTD. | 58,739,252 HKD | — | 2.26% | — | 6 months | 2026-10-17 |
| 13 | 富国基金管理有限公司 | 52,163,040 HKD | — | 2.00% | — | 6 months | 2026-10-17 |
| 14 | 富国资产管理(香港)有限公司 | 26,157,292 HKD | — | 1.00% | — | 6 months | 2026-10-17 |
| 15 | 工银理财有限责任公司 | 39,158,172 HKD | — | 1.50% | — | 6 months | 2026-10-17 |
| 16 | 广发国际资产管理有限公司 | 31,325,740 HKD | — | 1.20% | — | 6 months | 2026-10-17 |
| 17 | 广发基金管理有限公司 | 46,990,604 HKD | — | 1.80% | — | 6 months | 2026-10-17 |
| 18 | 华夏基金(香港)有限公司 | 15,660,876 HKD | — | 0.60% | — | 6 months | 2026-10-17 |
| 19 | 惠理基金管理香港有限公司 | 15,656,888 HKD | — | 0.60% | — | 6 months | 2026-10-17 |
| 20 | 景林资产管理香港有限公司 | 33,973,772 HKD | — | 1.30% | — | 6 months | 2026-10-17 |
| 21 | 宁远资本有限公司 | 39,158,172 HKD | — | 1.50% | — | 6 months | 2026-10-17 |
| 22 | 盘京港景投资基金 | 15,660,876 HKD | — | 0.60% | — | 6 months | 2026-10-17 |
| 23 | 上海景林资产管理有限公司 | 44,346,560 HKD | — | 1.70% | — | 6 months | 2026-10-17 |
| 24 | 未来资产证券(香港)有限公司 | 78,320,332 HKD | — | 3.01% | — | 6 months | 2026-10-17 |
| 25 | 易方达基金管理有限公司 | 23,489,320 HKD | — | 0.90% | — | 6 months | 2026-10-17 |
| 26 | 招商证券投资管理(香港)有限公司 | 7,828,444 HKD | — | 0.30% | — | 6 months | 2026-10-17 |
| 27 | 钟鼎资本八期投资有限公司 | 39,158,172 HKD | — | 1.50% | — | 6 months | 2026-10-17 |
// Directors & Management //
| Chairman | 王欣洋 |
|---|---|
| Company Secretary | 張艷霞 |
No director data available.
// Major Shareholders //
| Major Shareholders & Holdings | 控股股東王博士（王欣洋）及張博士（張艷霞）合計持有約49.53%股份（全球發售前），通過杭州祺芯、珠海雲辰、珠海旭辰等實體持股。奧普光電持股25.56%，凌雲光持股10.22%。 |
|---|
// Allotment Benchmarks //
Pool A (Small Subscriptions)
| Shares Applied | Applicants | Allottees | Expected Lots |
|---|---|---|---|
| 100 | 95,625 | 957 | 0.01 |
| 200 | 23,363 | 370 | 0.02 |
| 300 | 8,064 | 167 | 0.02 |
| 400 | 4,992 | 125 | 0.03 |
| 500 | 6,880 | 200 | 0.03 |
| 600 | 2,880 | 95 | 0.03 |
| 700 | 2,424 | 88 | 0.04 |
| 800 | 2,113 | 84 | 0.04 |
| 900 | 1,380 | 59 | 0.04 |
| 1,000 | 19,951 | 914 | 0.05 |
| 1,500 | 5,280 | 317 | 0.06 |
| 2,000 | 8,778 | 636 | 0.07 |
| 2,500 | 3,905 | 328 | 0.09 |
| 3,000 | 3,217 | 305 | 0.10 |
| 3,500 | 2,189 | 230 | 0.10 |
| 4,000 | 2,283 | 262 | 0.12 |
| 4,500 | 1,830 | 227 | 0.13 |
| 5,000 | 4,279 | 568 | 0.14 |
| 6,000 | 2,611 | 391 | 0.15 |
| 7,000 | 2,153 | 357 | 0.17 |
| 8,000 | 2,121 | 384 | 0.18 |
| 9,000 | 1,715 | 336 | 0.20 |
| 10,000 | 10,177 | 2,134 | 0.21 |
| 20,000 | 6,848 | 2,270 | 0.34 |
| 30,000 | 4,650 | 2,015 | 0.42 |
| 40,000 | 3,547 | 1,859 | 0.52 |
| 50,000 | 3,537 | 2,148 | 0.60 |
| 60,000 | 2,375 | 1,627 | 0.66 |
| 70,000 | 1,943 | 1,474 | 0.77 |
| 80,000 | 1,711 | 1,418 | 0.80 |
| 90,000 | 1,211 | 1,085 | 0.90 |
| 100,000 | 9,601 | 9,218 | 1.00 |
Pool B (Large Subscriptions)
| Shares Applied | Applicants | Allottees | Expected Lots |
|---|---|---|---|
| 200,000 | 7,763 | 7,763 | 2.00 |
| 300,000 | 1,606 | 739 | 2.40 |
| 400,000 | 1,030 | 771 | 2.80 |
| 500,000 | 646 | 535 | 3.00 |
| 600,000 | 392 | 392 | 3.00 |
| 700,000 | 234 | 85 | 3.50 |
| 800,000 | 183 | 81 | 3.20 |
| 900,000 | 130 | 114 | 3.60 |
| 1,000,000 | 462 | 185 | 4.00 |
| 2,000,000 | 177 | 177 | 6.00 |
| 3,264,700 | 245 | 115 | 9.79 |
Allotment Benchmarks
