Group 1 - The core viewpoint of the news is that Hengyun Chang's stock price increased by 2.73% on February 12, with a trading volume of 483 million yuan, despite a net financing outflow of 16.35 million yuan on the same day [1][2] - On February 12, Hengyun Chang had a financing buy amount of 27.11 million yuan, with a total financing balance of 144 million yuan, accounting for 3.41% of its market capitalization [2] - The company, Shenzhen Hengyun Chang Vacuum Technology Co., Ltd., was established on March 19, 2013, and is primarily engaged in the research, production, sales, and technical services of plasma radio frequency power systems and related components [2] Group 2 - For the period from January to September 2025, Hengyun Chang reported an operating income of 401 million yuan, a year-on-year decrease of 5.79%, and a net profit attributable to shareholders of 91.58 million yuan, down 23.73% year-on-year [2] - As of January 28, the number of shareholders of Hengyun Chang reached 16,400, an increase of 71,291.30% compared to the previous period, with an average of 775 circulating shares per person [2]

Group 1 - The core viewpoint of the news is that Hengyun Chang's stock experienced a decline of 5.36% on February 10, with a trading volume of 745 million yuan, indicating a significant market reaction [1] - On February 10, Hengyun Chang had a financing buy-in amount of 60.22 million yuan and a net financing buy of 30.12 million yuan, with a total financing and securities balance of 149 million yuan, which represents 3.49% of its circulating market value [1] - The company specializes in the research, production, sales, and technical services of plasma radio frequency power systems and related components, with self-developed products accounting for 84.81% of its main business revenue [1] Group 2 - As of January 28, the number of shareholders for Hengyun Chang increased to 16,400, reflecting a significant rise of 71,291.30% compared to the previous period [2] - For the period from January to September 2025, Hengyun Chang reported an operating income of 401 million yuan, a year-on-year decrease of 5.79%, and a net profit attributable to shareholders of 91.58 million yuan, down 23.73% year-on-year [2]

Group 1 - Chengdu-based companies such as Hengyun Chang, Tianshu Zhixin, and Zhipu have recently gone public, marking a successful period for local venture capital institutions like Ciyuan Capital and Sichuan Xingchuan [1][3][5] - Hengyun Chang, listed on January 28, 2026, focuses on advanced vacuum technology and has developed a plasma radio frequency power supply system that competes with international leaders, achieving domestic substitution and filling a market gap [1] - Tianshu Zhixin, which went public on January 8, 2026, is the first domestic company to achieve mass production of general-purpose GPUs, serving over 290 clients across key industries and demonstrating significant commercial progress [3] Group 2 - Zhipu, known as the "first global large model stock," debuted on January 8, 2026, with a market value exceeding HKD 57 billion, leading the independent general-purpose large model developers in China by revenue [5] - Baidu, a company specializing in spherical alumina, was listed on the New Third Board on January 19, 2026, and holds a global market share of approximately 15% in this sector, ranking first in China and second globally [7] - Dapu Microelectronics received approval for its IPO registration on January 23, 2026, becoming the first unprofitable company to gain such approval on the ChiNext board, focusing on SSD products for data centers [9] Group 3 - Chengdu NiuRuiTe Medical Technology Co., Ltd. completed its IPO counseling registration on January 29, 2026, specializing in medical isotopes and drug innovation, with a strong talent pool and industry experience [13] - Investment from various funds, including Sichuan Chuangtou and Chengdu Jizhuan, has been pivotal in supporting NiuRuiTe's growth and development [13]

Group 1 - The company Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received approval from the Shanghai Stock Exchange's listing review committee for its initial public offering (IPO) of ordinary shares in RMB and listing on the Sci-Tech Innovation Board [1] - The China Securities Regulatory Commission has granted registration approval for the IPO, with the registration number being 2025 2671 [1] - The prospectus for the IPO is available on the Shanghai Stock Exchange website and other specified platforms for public access [1] Group 2 - The lead underwriter for the IPO is CITIC Securities Co., Ltd. [1]

Core Viewpoint - Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received approval for its initial public offering (IPO) of ordinary shares (A-shares) and listing on the Sci-Tech Innovation Board, with the application reviewed by the Shanghai Stock Exchange Listing Review Committee and registered by the China Securities Regulatory Commission [1] Group 1 - The company plans to publicly issue 16,930,559 shares, representing approximately 25.01% of the total share capital post-issuance [2] - The initial strategic placement quantity is set at 3,386,111 shares, accounting for 20.00% of the total issuance, with any difference from the final strategic placement quantity being allocated to offline issuance [2] - The initial offline issuance quantity is 9,481,448 shares, approximately 70.00% of the issuance after deducting the initial strategic placement, while the initial online issuance quantity is 4,063,000 shares, about 30.00% [2] Group 2 - An online roadshow will be held to inform investors about the company and the issuance arrangements, scheduled for January 15, 2026, from 14:00 to 17:00 [2] - The roadshow will feature key members of the company's management and relevant personnel from the sponsor (lead underwriter) [2] - The full prospectus and related materials for the IPO can be accessed on the Shanghai Stock Exchange website [3]

Core Viewpoint - Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) on the Sci-Tech Innovation Board, with the application approved by the Shanghai Stock Exchange on November 14, 2025, and registered by the China Securities Regulatory Commission [1] Group 1: Issuance Details - The total number of shares for this issuance is set at 16,930,559 shares, with an initial strategic placement of 3,386,111 shares, accounting for 20% of the total issuance [2] - The final strategic placement remains at 3,386,111 shares, with no need for adjustments to the offline allocation [2] - The issuance price is set at RMB 92.18 per share, with 4,063,000 shares to be initially issued through online pricing on January 16, 2026 [3] Group 2: Payment and Subscription Process - Investors are required to fulfill payment obligations by January 20, 2026, with specific instructions for offline and online investors regarding payment procedures [4] - Offline investors must commit to a 10% lock-up period for their allocated shares, which will last for six months from the date of listing [5] Group 3: Subscription and Allocation Mechanism - If the total subscription from offline and online investors does not meet 70% of the issuance quantity after deducting the final strategic placement, the IPO will be suspended [6] - The online issuance had 6,516,284 valid subscription accounts, with a total of 24,795,718,000 shares applied, resulting in an initial online winning rate of 0.01638589% [7] - Following the implementation of the allocation mechanism, the final online winning rate increased to 0.02184853% after adjustments were made due to high demand [8] Group 4: Lottery and Announcement - The online lottery for share allocation is scheduled for January 19, 2026, with results to be announced on January 20, 2026 [9]

Core Viewpoint - Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and listing on the Sci-Tech Innovation Board, with the application approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission [1] Group 1: Issuance Details - The total number of shares for this issuance is set at 16,930,559 shares, with an initial strategic placement of 3,386,111 shares, accounting for 20% of the total issuance [2] - The final strategic placement remains at 3,386,111 shares, with no need for adjustments to the offline allocation [2] - The issuance price is set at RMB 92.18 per share, with 4,063,000 shares to be issued through online pricing on January 16, 2026 [2] Group 2: Subscription and Allocation - The online subscription received an effective multiple of approximately 6,102.81 times, leading to the activation of a mechanism to adjust the allocation between offline and online subscriptions [3] - After the adjustment, the final offline issuance quantity is 8,126,948 shares, representing 60% of the total issuance after deducting the strategic placement, while the online issuance quantity is 541,750 shares, representing 40% [3] - The final online winning rate is 0.02184853% [3] Group 3: Payment Obligations - Investors are required to fulfill payment obligations by January 20, 2026, with specific instructions for both offline and online investors regarding the payment process [4] - If the total number of shares subscribed by offline and online investors does not meet 70% of the total issuance after deducting the strategic placement, the issuance will be suspended [5] Group 4: Investor Compliance - Investors who fail to comply with payment obligations or violate regulations will face penalties, and their participation in future offerings may be restricted [6] - Online investors who fail to pay for shares after winning allocations three times within 12 months will be barred from participating in future subscriptions for a period of six months [6] Group 5: Strategic Placement Results - The strategic placement has concluded successfully, with all participating investors fulfilling their commitments [8] - The final results of the strategic placement are confirmed, ensuring compliance with the disclosed arrangements [9] Group 6: Lottery Results - The online lottery for share allocation was conducted on January 19, 2026, with a total of 10,835 winning numbers, each allowing for the purchase of 500 shares [10] Group 7: Offline Subscription Results - The offline subscription process concluded on January 16, 2026, with a total of 3,167,840,000 shares effectively subscribed [11] - The initial allocation results for offline investors have been compiled, adhering to the announced principles [12]

Group 1 - The company Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received approval from the Shanghai Stock Exchange's listing review committee for its initial public offering (IPO) of ordinary shares in RMB and listing on the Sci-Tech Innovation Board [1] - The China Securities Regulatory Commission has granted registration approval for the IPO, with the registration number being 2025 2671 [1] - The prospectus for the IPO is available on the Shanghai Stock Exchange website and other specified platforms for public access [1] Group 2 - The lead underwriter for the IPO is CITIC Securities Co., Ltd. [1]

首次公开发行股票并在科创板上市 招股说明书提示性公告 深圳市恒运昌真空技术股份有限公司 保荐人（主承销商）：中信证券股份有限公司 扫描二维码查阅公告全文 | | | 发行人：深圳市恒运昌真空技术股份有限公司 保荐人（主承销商）：中信证券股份有限公司 2026 年 1 月 22 日 3 （本页无正文，为《深圳市恒运昌真空技术股份有限公司首次公开发行股票并在 科创板上市招股说明书提示性公告》之签章页） 深圳市恒运昌真空技术股份有限公司 年 月 日 4 深圳市恒运昌真空技术股份有限公司（以下简称"恒运昌""发行人"或 "公司"）首次公开发行人民币普通股（以下简称"本次发行"）并在科创板上 市的申请已经上海证券交易所（以下简称"上交所"）上市审核委员会审议通过， 并已经中国证券监督管理委员会（以下简称"中国证监会"）同意注册（证监许 可〔2025〕2671 号）。《深圳市恒运昌真空技术股份有限公司首次公开发行股 票并在科创板上市招股说明书》在上海证券交易所网站（http://www.sse.com.cn） 和符合中国证监会规定条件网站（上海证券报：https://www.cnstock.com；中国 证券报：http ...

Core Viewpoint - Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the Sci-Tech Innovation Board, with the application approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission [1][2]. Group 1: Issuance Details - The total number of shares for this issuance is set at 16,930,559 shares, with an initial strategic placement of 3,386,111 shares, accounting for 20% of the total issuance [2]. - The final strategic placement remains at 3,386,111 shares, with no need for adjustments to the offline allocation [2]. - The issuance price is set at RMB 92.18 per share, with 4,063,000 shares to be issued through online pricing on January 16, 2026 [2]. Group 2: Subscription and Allocation - The online subscription received a preliminary effective multiple of approximately 6,102.81 times, leading to the activation of a mechanism to adjust the allocation between offline and online subscriptions [3]. - After the adjustment, the final offline issuance quantity is 8,126,948 shares, representing 60% of the total issuance after deducting the strategic placement, while the online issuance quantity is 541,750 shares, representing 40% [3]. - The final online winning rate is approximately 0.02184853% [3]. Group 3: Payment Obligations - Investors are required to fulfill their payment obligations by January 20, 2026, with specific instructions for both offline and online investors regarding the payment process [4]. - If the total number of shares subscribed by offline and online investors does not meet 70% of the total issuance after deducting the strategic placement, the issuance will be suspended [5]. Group 4: Investor Compliance - Investors who fail to comply with payment obligations or violate regulations will be reported and may face restrictions on future participation in similar offerings [6]. - Online investors who fail to pay after winning allocations three times within 12 months will be barred from participating in future subscriptions for a period of six months [6]. Group 5: Results and Contacts - The strategic placement has concluded successfully, with all participating investors fulfilling their commitments [8]. - The online lottery for winning numbers was conducted fairly, with a total of 10,835 winning numbers, each allowing for the subscription of 500 shares [10]. - For inquiries regarding the allocation results, investors can contact the lead underwriter, CITIC Securities [13].