The Zhitong Finance App learned that SDIC Securities International released a research report saying that the offering price of SDIC Computing (01256.HK) was HK$1.48-1.59, corresponding to a total market value of HK$325-35 billion, corresponding to a market sales rate of 11.4 to 12.3 times in 2025. Compared with traditional DDIC manufacturers such as Lianyong Technology and Qijing Optoelectronics, the P/S of traditional DDIC manufacturers such as Lianyong Technology and Qijing Optoelectronics is 1.3 times to 3.3 times, compared to 10.5 times that of domestic ARISC-V chip companies Lexin and 10.8 times that of Zhongke Lanxun. The bank believes that the prospectus valuation already reflects the long-term growth rights of RISC-V computing chips, that there is limited room for valuation to rise, and that subsequent stock prices may be more dependent on the implementation of new business results. Considering valuation, prospects, business topics, and no green shoes, it is recommended to refer to the popularity of subscription, careful financing, and appropriate cash purchases.

The Zhitong Finance App learned that SDIC Securities International released a research report saying that the offering price of SDIC Computing (01256.HK) was HK$1.48-1.59, corresponding to a total market value of HK$325-35 billion, corresponding to a market sales rate of 11.4 to 12.3 times in 2025. Compared with traditional DDIC manufacturers such as Lianyong Technology and Qijing Optoelectronics, the P/S of traditional DDIC manufacturers such as Lianyong Technology and Qijing Optoelectronics is 1.3 times to 3.3 times, compared to 10.5 times that of domestic ARISC-V chip companies Lexin and 10.8 times that of Zhongke Lanxun. The bank believes that the prospectus valuation already reflects the long-term growth rights of RISC-V computing chips, that there is limited room for valuation to rise, and that subsequent stock prices may be more dependent on the implementation of new business results. Considering valuation, prospects, business topics, and no green shoes, it is recommended to refer to the popularity of subscription, careful financing, and appropriate cash purchases.