港股详情

本页面由Tiger Trade Technology Pte. Ltd.提供服务

纳真科技

30.040

+0.1000.33%

成交量：149.50万

成交额：4,419.33万

市值：295.28亿

市盈率：22.70

高：30.280

开：29.300

低：28.920

收：29.940

52周最高：39.860

52周最低：28.340

股本：9.83亿

香港流通股本：9.83亿

量比：2.11

换手率：0.15%

股息：- -

股息率：- -

每股收益(LYR):1.323

净资产收益率：--

总资产收益率：--

市净率：5.82

市盈率(LYR):22.70

市销率: 2.64

数据加载中...

总览公司新闻资讯公告

新股暗盘 | 纳真科技(09856.HK)暗盘收涨逾8% 每手赚294港元

纳真科技港股IPO：光模块“第五名”的定价博弈——AI算力红利下的增长与隐忧

新股暗盘 | 纳真科技(09856.HK)暗盘盘初跌近1% 每手亏16港元

老虎暗盘 | 纳真科技微涨0.36%，总市值超325亿港元

老虎资讯综合

纳真科技（09856）公布董事会及三大专门委员会最新成员名单

纳真科技（09856）设立提名委员会并公布职权范围

纳真科技（09856）设立薪酬委员会并通过职权范围规范董事及高管薪酬管理

纳真科技（09856）公布审计委员会职权范围 2025年8月11日起生效

纳真科技IPO：去年净利增长“掺水”，光模块利用率不饱和

新股解读|“站在光里”VS激烈竞争，光模块公司纳真科技成色几何?

新股消息 | 纳真科技(09856)招股结束孖展认购额录得155.45亿港元超购26.42倍

社保公积金欠缴3780万、上市前突击分红4.3亿：海信第六子纳真科技带病冲刺IPO

数智研究社

纳真科技招股集资56.7亿港元孖展超购8.13倍

观点地产网

纳真科技叩响港股大门，贾少谦拿下海信系第 6 个 IPO

纳真科技，光模块，来的不是时候？

趁着AI热潮“突击提款”，纳真科技再募56亿

瑞和数智(03680)认购纳真科技公司国际发售项下的获配股份

纳真科技开启招股：全球AI光互连领域稀缺标的！

纳真科技打新还能冲吗？盈利含水分、估值不算便宜

【港股打新】“海信系”光模块小龙头赴港，纳真科技能否打破三季度打新冰封期？

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/hans/stock/09856/news?page=3"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental","symbol":"09856","isAnalysisPage":false},"__swrFallback__":{"@#url:\"https://hq.skytigris.cn/stock_info/detail/global\",params:#delay:false,,method:\"POST\",data:#items:@#symbol:\"09856\",,,,,undefined,":{"symbol":"09856","market":"HK","secType":"STK","nameCN":"纳真科技","latestPrice":30.04,"timestamp":1791858164598,"preClose":29.94,"halted":0,"volume":1495000,"delay":0,"changeRate":0.003340013360053369,"floatShares":982941500,"shares":982941500,"eps":1.3232614201836301,"marketStatus":"交易中","change":0.1,"latestTime":"10-13 10:22:59","open":29.3,"high":30.28,"low":28.92,"amount":44193328,"amplitude":0.045424,"askPrice":30.12,"askSize":4300,"bidPrice":30.02,"bidSize":13000,"shortable":0,"etf":0,"ttmEps":1.403877752491564,"tradingStatus":2,"nextMarketStatus":{"tag":"午间休市","tradingStatus":4,"beginTime":1791864000000},"marketStatusCode":2,"adr":0,"listingDate":1790006400000,"exchange":"SEHK","adjPreClose":29.94,"openAndCloseTimeList":[[1791855000000,1791864000000],[1791867600000,1791878400000]],"volumeRatio":2.108027,"lotSize":100,"spreadScale":0,"tradeCurrency":"HKD"},"@#url:\"https://hq.skytigris.cn/stock_info/fundamental/all\",params:#delay:false,,method:\"POST\",data:#items:@#symbol:\"09856\",,,,,undefined,":{"symbol":"09856","floatShares":982941500,"roa":"--","roe":"--","lyrEps":1.323261,"volumeRatio":2.108027,"shares":982941500,"dividePrice":0,"high":30.28,"amplitude":0.045424,"preClose":29.94,"low":28.92,"week52Low":28.34,"pbRate":"5.82","psRate":"2.64","week52High":39.86,"institutionHeld":0,"latestPrice":30.04,"committee":0.50289,"eps":1.3232614201836301,"divideRate":0,"volume":1495000,"delay":0,"ttmEps":1.403877752491564,"open":29.3,"prevYearClose":32.96,"prevWeekClose":31.44,"prevMonthClose":33.66,"prevQuarterClose":33.66,"fiveDayClose":32.1,"twentyDayClose":32.96,"sixtyDayClose":32.96},"@#url:\"https://hq.skytigris.cn/fundamental/corporate_actions/details/09856\",params:#limit:5,,,undefined,":[],"@#url:\"https://hq.skytigris.cn/fundamental/dividend/history\",params:#symbol:\"09856\",market:\"HK\",,,undefined,":[],"@#url:\"https://hq.skytigris.cn/fundamental/estimate/recommendation\",params:#symbol:\"09856\",market:\"HK\",delay:false,,,undefined,":{},"@#url:\"https://hq.skytigris.cn/hkstock/value_analysis/stock/09856\",params:#withQuantilePoint:true,period:\"5year\",factor:\"peRate\",delay:false,algorithm:1,,,undefined,":{"brief":{"id":"09856","date":"2026-10-12","current":20.862751,"percent":0.076923,"low":24.545163,"twenty":26.149982,"median":27.091341,"eighty":28.742164,"high":30.87563,"avg":27.312731,"sd":1.797847,"marketCap":29429268510},"quantilePoints":[{"date":"2026-09-25","current":30.019346,"twenty":28.955631,"median":29.700955,"eighty":30.36186,"marketCap":35838047090},{"date":"2026-10-02","current":27.158389,"twenty":27.326942,"median":27.988796,"eighty":29.764633,"marketCap":32456728330},{"date":"2026-10-09","current":25.826637,"twenty":26.369899,"median":27.158389,"eighty":28.955631,"marketCap":30903680760},{"date":"2026-10-12","current":24.552787,"twenty":26.149982,"median":27.091341,"eighty":28.742164,"marketCap":29429268510}],"updateTime":1791854717047},"$inf$@#url:\"https://stock-news.skytigris.cn/v2/news/list\",params:#symbols:\"09856\",pageSize:20,pageCount:3,lang_content:\"cn\",edition:\"fundamental\",,,undefined,":[{"items":[{"id":"2669015778","title":"新股暗盘 | 纳真科技(09856.HK)暗盘收涨逾8% 每手赚294港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2669015778","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2669015778?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 18:36","pubTimestamp":1789987000,"startTime":"0","endTime":"0","summary":null,"market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.zhitongcaijing.com/immediately.html?type=ganggu","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"live_zhitongcaijing","symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2669157677","title":"纳真科技港股IPO：光模块“第五名”的定价博弈——AI算力红利下的增长与隐忧","url":"https://stock-news.laohu8.com/highlight/detail?id=2669157677","media":"新浪证券","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2669157677?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 18:28","pubTimestamp":1789986480,"startTime":"0","endTime":"0","summary":"然而公司高增长势头的可持续性、大客户集中度持续攀升、研发投入及占比双降、毛利率在行业内仍属偏低等基本面隐忧，使“光模块第五名”的估值定价成为市场关注的核心议题。AI算力驱动业绩爆发2025年净利润同比增长近9倍从基本面看，纳真科技的收入增长曲线足够陡峭。公司已批量生产800G光模块并交付1.6T产品，LPO光模块实现量产，3.2T产品正在推进。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/observe/2026-09-21/doc-inisqvsc5983772.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["09856","REDS","WISE","AAOZ","BK4585","BK4127","BK4588","KCAI","AAOG","IPOS","LYTE","KCE","LUMA","VXUS","AIO","FRHC","AAOX","WDAI"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2669156458","title":"新股暗盘 | 纳真科技(09856.HK)暗盘盘初跌近1% 每手亏16港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2669156458","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2669156458?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 16:17","pubTimestamp":1789978666,"startTime":"0","endTime":"0","summary":null,"market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.zhitongcaijing.com/immediately.html?type=ganggu","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"live_zhitongcaijing","symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1116636709","title":"老虎暗盘 | 纳真科技微涨0.36%，总市值超325亿港元","url":"https://stock-news.laohu8.com/highlight/detail?id=1116636709","media":"老虎资讯综合","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1116636709?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 16:11","pubTimestamp":1789978287,"startTime":"0","endTime":"0","summary":"9月21日，$纳真科技$暗盘微涨0.36%，总市值超325亿港元，每股定价32.96港元，每手100股，该公司将于9月22日（周二）正式在$港交所$挂牌交易。根据弗若斯特沙利文的资料，2025年，按全球光模块收入计，公司占有4.0%的市场份额，在全球所有专业光模块厂商中排名第五；按中国光模块收入计，公司占有10.1%的市场份额，在全球所有专业光模块厂商中排名第三。","market":"hk","thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","type":0,"news_type":0,"thumbnails":["https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"3430ee0e05254278b5a3da84a7b77b4c","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":1},{"id":"1180414991","title":"纳真科技（09856）公布董事会及三大专门委员会最新成员名单","url":"https://stock-news.laohu8.com/highlight/detail?id=1180414991","media":"公告速递","labels":["executive","SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1180414991?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 06:25","pubTimestamp":1789943140,"startTime":"0","endTime":"0","summary":"2026年9月21日，纳真科技公司在港交所发布公告，披露公司董事会及其下设三大专门委员会的成员组成如下：。公告显示，董事会目前由九名董事组成，其中三名为独立非执行董事，占董事会席位的三分之一。公司未在公告中披露其他经营或财务数据。","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1153047593","title":"纳真科技（09856）设立提名委员会并公布职权范围","url":"https://stock-news.laohu8.com/highlight/detail?id=1153047593","media":"公告速递","labels":["executive","SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1153047593?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 06:20","pubTimestamp":1789942830,"startTime":"0","endTime":"0","summary":"纳真科技于2025年8月11日公告称，公司董事会已通过决议并正式成立提名委员会，同时采纳该委员会的《职权范围》文件，明确其组成、职能及运作机制。– 提名委员会由至少3名董事组成，其中独立非执行董事须占多数，且至少包含1名不同性别的成员。– 董事会主席或1名独立非执行董事将担任委员会主席。","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1124516711","title":"纳真科技（09856）设立薪酬委员会并通过职权范围 规范董事及高管薪酬管理","url":"https://stock-news.laohu8.com/highlight/detail?id=1124516711","media":"公告速递","labels":["executive","SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1124516711?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 06:16","pubTimestamp":1789942578,"startTime":"0","endTime":"0","summary":"纳真科技2025年8月11日公告，公司董事会决议设立薪酬委员会并同步通过《薪酬委员会职权范围》。该文件自董事会审议通过之日起生效，并将在香港交易及结算所有限公司新闻网站及公司官网披露。委员会由不少于3名董事组成，其中独立非执行董事须占大多数；向董事会建议执行董事、高级管理人员及非执行董事的薪酬待遇，包括非金钱利益、退休金及补偿安排；每年至少召开一次会议，法定人数为两名成员且须包括一名独立非执行董事；","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1160862862","title":"纳真科技（09856）公布审计委员会职权范围 2025年8月11日起生效","url":"https://stock-news.laohu8.com/highlight/detail?id=1160862862","media":"公告速递","labels":["executive","SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1160862862?lang=zh_cn&edition=fundamental","pubTime":"2026-09-21 06:11","pubTimestamp":1789942271,"startTime":"0","endTime":"0","summary":"8月11日，纳真科技公告称，公司董事会已于2025年8月11日正式通过并采纳《审核委员会职权范围》，即日起生效。委员会主席须由独立非执行董事担任。委员会委员的任期与其董事任期一致，可在任期内书面辞任。委员会每季度至少召开1次例会；主席或2名及以上委员可提议召开额外会议。委员会成员须每年至少与外聘核数师会面2次。委员会获授权向公司任何雇员获取信息，并在必要时聘请外部法律或独立专业意见，费用由公司承担。","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2668518300","title":"纳真科技IPO：去年净利增长“掺水”，光模块利用率不饱和","url":"https://stock-news.laohu8.com/highlight/detail?id=2668518300","media":"市场资讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2668518300?lang=zh_cn&edition=fundamental","pubTime":"2026-09-20 15:23","pubTimestamp":1789888980,"startTime":"0","endTime":"0","summary":"进一步研究发现，此次募资扩产的背后，公司现有光模块产能利用率并未饱和，部分生产基地利用率更是出现下滑。招股说明书显示，2023年-2025年，纳真科技的收入虽呈逐年增长态势，但净利润波动较大。但收入增长的同时，该业务毛利率出现下滑。其中，江门基地的光模块利用率由2024年的84.9%降至2025年的83.4%，2026年上半年，其利用率进一步下滑至76.3%；青岛基地的光模块利用率则由2025年的76%降至2026年上半年的65.6%。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/newstock/2026-09-20/doc-inisnhay9330426.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["FRHC","KCE","LUMA","LYTE","AAOZ","AAOG","REDS","AAOX","BK4127","IPOS","09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2668919425","title":"新股解读|“站在光里”VS激烈竞争，光模块公司纳真科技成色几何?","url":"https://stock-news.laohu8.com/highlight/detail?id=2668919425","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2668919425?lang=zh_cn&edition=fundamental","pubTime":"2026-09-18 10:06","pubTimestamp":1789697219,"startTime":"0","endTime":"0","summary":"AI算力浪潮之下，光模块是这条产业链上确定性最强的环节之一。另据市场消息，纳真科技已获券商借出155.45亿港元孖展，以公开集资额5.67亿港元计，超购26.42倍。这条曲线的背后，是AI训练与推理对高速光模块的高度需求。作为光模块产业链上技术壁垒最高的环节，光芯片被视为纳真科技的核心战略资产。“站在光里”，却并非高枕无虞如果把GPU比作AI算力的心脏，光模块就是把血液输送到全身各处的血管。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1497769.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["AAOX","AAOZ","AAOG","LUMA","09856","LYTE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2668595922","title":"新股消息 | 纳真科技(09856)招股结束 孖展认购额录得155.45亿港元 超购26.42倍","url":"https://stock-news.laohu8.com/highlight/detail?id=2668595922","media":"智通财经","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2668595922?lang=zh_cn&edition=fundamental","pubTime":"2026-09-17 14:09","pubTimestamp":1789625364,"startTime":"0","endTime":"0","summary":"智通财经APP获悉，光通信与光连接产品供应商纳真科技于2026年9月14日至9月17日招股，最新已结束招股。根据市场消息，纳真科技已获券商借出155.45亿港元孖展，以公开集资额5.67亿港元计，超购26.42倍。每股发售价为32.96港元，每手100股，一手入场费为3329.2港元。公司亦是全球少数同时拥有光模块和光芯片研发及生产能力的企业之一。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1497293.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["09856","IPOS"],"isVideo":false,"video":null,"gpt_icon":1},{"id":"2667675269","title":"社保公积金欠缴3780万、上市前突击分红4.3亿：海信第六子纳真科技带病冲刺IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2667675269","media":"数智研究社","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667675269?lang=zh_cn&edition=fundamental","pubTime":"2026-09-16 09:20","pubTimestamp":1789521608,"startTime":"0","endTime":"0","summary":"借着800G乃至1.6T高速光模块的放量东风，海信集团旗下光通信龙头纳真科技通过港交所聆讯，计划募资逾56亿港元，拟登顶“海信系”第六家上市公司宝座。为了弥补现金缺口，公司今年上半年新增借款17.51亿元。海信集团无疑是最大受益者。报告期内，纳真科技未足额为部分员工缴纳社保住房公积金，公司自测截至2026年上半年，欠缴本金高达3780万元。","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://tech.ifeng.com/c/8wSbRoSqzJQ","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"fenghuang_stock","symbols":["FRHC","BK4588","KCE","BK4585","09856","VIG","IPOS","BK4127","REDS"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667309647","title":"纳真科技招股集资56.7亿港元 孖展超购8.13倍","url":"https://stock-news.laohu8.com/highlight/detail?id=2667309647","media":"观点地产网","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667309647?lang=zh_cn&edition=fundamental","pubTime":"2026-09-15 19:38","pubTimestamp":1789472280,"startTime":"0","endTime":"0","summary":"观点网讯：9月14日，光通信与光连接产品供应商纳真科技9月14日起至17日在香港招股，计划发行1.7亿股，其中一成于香港公开发售，发售价每股32.96港元，集资56.7亿港元。截至9月15日晚上7时，以公开发售部分集资额5.7亿港元计，纳真科技录得8.13倍孖展超购，涉及金额52.06亿港元。财务方面，纳真科技2025年收入83.5亿元人民币，按年升64.2%；溢利8.7亿元人民币，按年升875.1%。2026年上半年，公司收入53.9亿元人民币，升27.9%；首3个月溢利6.6亿元人民币，升29.7%。","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/estate/integration/2026-09-15/doc-inirxhzq8488931.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["09856","IPOS"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667497611","title":"纳真科技叩响港股大门，贾少谦拿下海信系第 6 个 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2667497611","media":"市场资讯","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667497611?lang=zh_cn&edition=fundamental","pubTime":"2026-09-15 14:15","pubTimestamp":1789452900,"startTime":"0","endTime":"0","summary":"继海信视像、海信家电、三电控股、干照光电、科林电气之后，海信集团控股的光通信企业纳真科技正冲刺港股 IPO。最敏感的角色是控股股东海信集团。此外，纳真科技委聘的代工厂商中还有一家海信集团全资子公司。结语海信系第6个IPO，讲的是一个关于光芯片和AI算力的性感故事。纳真科技想顺利叩开港股大门，光靠海信系的招牌和AI算力的热度不够。","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/roll/2026-09-15/doc-inirwwmu8612178.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["IPOS","VXUS","BK4588","REDS","BK4585","KCAI","FRHC","BK4127","KCE","09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667461109","title":"纳真科技，光模块，来的不是时候？","url":"https://stock-news.laohu8.com/highlight/detail?id=2667461109","media":"市场资讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667461109?lang=zh_cn&edition=fundamental","pubTime":"2026-09-15 13:40","pubTimestamp":1789450800,"startTime":"0","endTime":"0","summary":"纳真主要生产光模块、光芯片和光网络终端，是AI数据中心扩建的实际供应商，不只是概念股。按招股书行业口径，2025年全球专业光模块厂商中排名第五、份额4.0%，不是全球第三；其中国市场收入口径排名第三。2026年上半年数通光模块收入占比69.4%，已有1.6T模块量产。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/hkstock/2026-09-15/doc-inirwwna3778238.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["AAOX","LYTE","09856","AAOG","LUMA","AAOZ"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667861109","title":"趁着AI热潮“突击提款”，纳真科技再募56亿","url":"https://stock-news.laohu8.com/highlight/detail?id=2667861109","media":"市场资讯","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667861109?lang=zh_cn&edition=fundamental","pubTime":"2026-09-15 13:33","pubTimestamp":1789450380,"startTime":"0","endTime":"0","summary":"公司拟以每股32.96港元发售约1.72亿股，预计募资56.70亿港元、净额54.45亿港元。2023年至2025年，纳真科技收入由42.39亿元增至83.55亿元；2026年上半年收入53.93亿元、期内利润6.61亿元，分别增长27.9%和29.7%，综合毛利率也由18.7%升至24.2%。其中，数通光模块实现收入37.45亿元，占总收入69.4%，拿走约85%的收入增量。2025年8.73亿元期内利润里，税前利润包含3.53亿元合营企业处置收益，同时受到1.16亿元金融负债公允价值损失影响。上市六个月后，部分Pre-IPO股份还将分阶段解除锁定。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/hkstock/2026-09-15/doc-inirwwmu8615467.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["VTHR","AIPO","CHAT","ARTY","QTOC","AGIX","09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667662334","title":"瑞和数智(03680)认购纳真科技公司国际发售项下的获配股份","url":"https://stock-news.laohu8.com/highlight/detail?id=2667662334","media":"智通财经","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667662334?lang=zh_cn&edition=fundamental","pubTime":"2026-09-14 23:01","pubTimestamp":1789398115,"startTime":"0","endTime":"0","summary":"智通财经APP讯，瑞和数智(03680)发布公告，于2026年9月14日，本公司的全资附属公司作为认购方提交认购申请，以认购纳真科技公司国际发售项下的获配股份，全部获配股份的发售价总额对应的认购款项最高金额不超过6000万港元。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1495932.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["BK1155","09856","03680"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667655612","title":"纳真科技开启招股：全球AI光互连领域稀缺标的！","url":"https://stock-news.laohu8.com/highlight/detail?id=2667655612","media":"格隆汇","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667655612?lang=zh_cn&edition=fundamental","pubTime":"2026-09-14 15:26","pubTimestamp":1789370817,"startTime":"0","endTime":"0","summary":"前言：当AI算力需求从概念验证走向大规模基建落地，资本市场对光通信产业链的定价逻辑正在发生根本性切换。过去，市场倾向于将光模块企业视为跟随下游云厂商资本开支的周期型制造标的，给予较低估值中枢；而如今，具备‘芯模一体’垂直整合壁垒、全面转向","market":"fut","thumbnail":"https://img7.gelonghui.com/column/2/110.png?guru_height=540&guru_width=375","type":0,"news_type":0,"thumbnails":["https://img7.gelonghui.com/column/2/110.png?guru_height=540&guru_width=375"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.gelonghui.com/p/6641115","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"gelonghui_highlight","symbols":["VTHR","IPOS","AGIX","CHAT","QTOC","AIPO","ARTY","09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667654820","title":"纳真科技打新还能冲吗？盈利含水分、估值不算便宜","url":"https://stock-news.laohu8.com/highlight/detail?id=2667654820","media":"市场资讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667654820?lang=zh_cn&edition=fundamental","pubTime":"2026-09-14 14:47","pubTimestamp":1789368420,"startTime":"0","endTime":"0","summary":"海信集团发行前持股48.61%，上市后将成为海信系第6家上市公司。纳真是小弟，这个折价算合理，但调整后的57倍谈不上便宜，也是根据最近市场情况调整多次的结果。甲尾应该稳七、新股评级： 四星给四星，靠的是热门赛道+47%基石锁筹+港股通预期+绿鞋四张好牌；但必须强调“谨慎”二字——中际旭创破发在前、盈利含水分、估值不算便宜。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/hkstock/2026-09-14/doc-inirutnw7329148.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["09856"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2667327756","title":"【港股打新】“海信系”光模块小龙头赴港，纳真科技能否打破三季度打新冰封期？","url":"https://stock-news.laohu8.com/highlight/detail?id=2667327756","media":"市场资讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2667327756?lang=zh_cn&edition=fundamental","pubTime":"2026-09-14 11:05","pubTimestamp":1789355100,"startTime":"0","endTime":"0","summary":"2025年，数通光模块收入增长至54.7亿元，营收占比由24.9%提升至65.5%；2026年上半年，进一步提升至69.4%。公司已量产800G及1.6T光模块，并正在研发3.2T光模块及6.4T光引擎。公司亦是全球少数同时拥有光模块和光芯片研发及生产能力的企业之一。在光网络终端领域，公司预计于2026年第三季度完成AI融合智能终端开发并交付，收入占比约10%+。整体港股打新情绪已经跌到了2026年年内的冰点。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/hkstock/2026-09-14/doc-iniruhxe4090873.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["VXUS","LUMA","AAOZ","BK4585","BK4588","09856","LYTE","AAOG","KCAI","AAOX"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":20,"totalPage":4,"pageCount":3,"totalSize":77,"code":"91000000","status":"200"}]}}