每经记者｜张宝莲 每经编辑｜程鹏 张益铭 股价刚创历史新高，重要股东便果断减持。 11月12日，香农芯创（SZ300475）披露的《简式权益变动报告书》显示，公司第三大股东无锡高新区新动能产业发展基金（以下简称"无锡新动能基 金"）于11月11日通过集中竞价方式减持54.92万股，持股比例精准降至4.999985%，正式退出"持股5%以上大股东"行列。 值得注意的是，11月11日，香农芯创股价触及204.57元/股，创历史新高，在存储芯片行业涨价潮下，公司股价一路上行，市值已经突破900亿元大关。截 至11月13日收盘，公司股价报192.97元/股，总市值为897亿元。 第三大股东减持踩准"新高日" 据香农芯创10月20日公告，无锡新动能基金计划在2025年11月11日至2026年2月10日期间，通过集中竞价方式减持不超过总股本1%的股份，即不超过 463.77万股。其股份系通过协议转让方式取得。 公司三季报显示，无锡新动能基金为香农芯创第三大股东，持股比例5.13%。 该股东在减持计划首日便完成第一笔操作，当日，香农芯创最高价达到204.57元，再度创下历史新高。 此次减持完成后，无锡新动能基金的持股比例正 ...

格隆汇11月12日丨中发展控股(00475.HK)宣布，董事会会议将于2025年11月26日(星期三)举行，藉以(其 中包括)审议及批准刊发公司及其附属公司截至2025年9月30日止六个月未经审核的中期业绩公告，以及 审议派发中期股息(如有)的建议。 ...

承董事會命 中發展控股有限公司 公司秘書 周志成 中發展控股有限公司 香港，二零二五年十一月十二日 （於開曼群島註冊成立之有限公司） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （股份代號：475） 董事會召開日期 CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司（「本公司」）的董事會（「董事會」）謹此宣佈，董事會會 議將於二零二五年十一月二十六日（星期三）舉行，藉以（其中包括）審議及批准 刊發本公司及其附屬公司截至二零二五年九月三十日止六個月未經審核的中期業績 公告，以及審議派發中期股息（如有）的建議。 於本公告日期，董事會包括五名執行董事，分別為吳浩先生、胡楊俊先生、李維棋 先生、張兵先生及唐述寬先生；以及三名獨立非執行董事，分別為靳慶軍先生、鍾 穎洁女士及蘭亞東先生。 ...

Core Viewpoint - The company, Shannon Chip Innovation (300475.SZ), has disclosed that its main business of chip distribution and product development remains stable despite recent market reports of rising memory chip prices. The company warns investors about potential risks associated with stock price fluctuations that do not reflect changes in its earnings capacity [1][5]. Group 1: Stock Trading Anomalies - The company's stock experienced a cumulative price increase of over 30% across three consecutive trading days (November 6, 7, and 10, 2025), which qualifies as an abnormal trading fluctuation according to Shenzhen Stock Exchange regulations [4]. - The company has confirmed that there are no significant changes in its operational performance that would justify the recent stock price increase, indicating a potential disconnect between market trading and actual financial performance [5]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a sales revenue of 26.4 billion yuan, representing a year-on-year increase of 59.9%. However, the net profit attributable to shareholders decreased by 1.36% to 359 million yuan [5]. - The company emphasizes that its core business operations are normal and that there have been no major changes in its fundamentals, despite the market's perception of rising memory chip prices [5]. Group 3: Shareholder Actions - The Wuxi High-tech Zone New Kinetic Energy Industry Development Fund plans to reduce its holdings in the company by up to 4,637,737 shares (approximately 0.9976% of the total share capital) between November 11, 2025, and February 10, 2026, depending on market conditions and the company's stock price [1].

Core Viewpoint - The company, Shannon Chip Technology Co., Ltd., has disclosed that its stock has experienced abnormal trading fluctuations, with a cumulative price increase exceeding 30% over three consecutive trading days. The company emphasizes that its fundamental business operations remain stable and have not undergone significant changes, despite the recent stock price surge [4][5]. Group 1: Stock Trading Abnormalities - The company's stock price has deviated significantly, with a cumulative increase of over 30% from November 6 to November 10, 2025, qualifying as abnormal trading activity according to Shenzhen Stock Exchange regulations [4]. - On November 10, the stock closed at 195.82 CNY per share, marking a 15.19% increase for the day, with an intraday high of 197 CNY, and a year-to-date increase exceeding 580% [7]. Group 2: Company Performance and Business Operations - For the first three quarters of 2025, the company reported a sales revenue of 26.4 billion CNY, reflecting a year-on-year increase of 59.90%. However, the net profit attributable to shareholders was 359 million CNY, showing a year-on-year decline of 1.36% [5]. - The company’s primary business focuses on chip distribution and product development, and it has noted recent market reports regarding price increases in storage chips. Nonetheless, the company asserts that its production and operational conditions remain normal, with no significant changes in its core business or fundamentals [5].

Core Viewpoint - Shannon Chip's stock price has surged 500% this year, reaching a historic high of 180 yuan, making it a standout in the current storage chip market despite its financial performance showing revenue growth without profit increase [2][3] Company Performance - In the first three quarters, Shannon Chip reported revenue of 26.399 billion yuan, a year-on-year increase of 59.9%, but net profit fell by 1.67% to 359 million yuan, with a net profit margin of only 1.31%, significantly below the semiconductor sector average of 4.23% [4][6] - The company's operating costs increased by 63.37% to 25.572 billion yuan, outpacing revenue growth by 3.47 percentage points, attributed to rising market demand and product procurement prices [7] Market Dynamics - The storage chip industry is currently experiencing a high boom, driven by explosive demand for AI servers, which require eight times more DRAM than standard servers, disrupting traditional supply-demand dynamics [3][4] - Key suppliers like SK Hynix have signed significant supply agreements, leading to price increases of over 50% for new products compared to previous generations [3] Business Model and Valuation - Shannon Chip operates primarily as a semiconductor distributor, with over 70% of its revenue coming from memory products, relying on price differences for profit [4][6] - The company's TTM price-to-earnings ratio is exceptionally high at 305 times, raising questions about whether this reflects genuine industry prosperity or speculative valuation [5][7]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中發展控股有限公司 呈交日期: 2025年11月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00475 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月底法定 ...

Group 1: Storage Chip Sector Performance - The storage chip sector experienced a significant surge, with companies like Shannon Semiconductor hitting a 20% limit up and reaching new highs [2][4] - Other notable stocks in the sector, such as Cloud Han Chip City and Deming Li, also saw substantial gains, contributing to the overall positive performance of the sector [2][8] - According to TrendForce, the shift of major DRAM manufacturers towards high-end products is expected to drive a 10% to 15% quarterly increase in conventional DRAM prices by Q3 2025, with an overall increase of 15% to 20% when including HBM [4] Group 2: Company-Specific Developments - Shannon Semiconductor's stock rose by 19.04%, closing at 106.78, with a trading volume of 542,100 shares [3] - Other companies in the storage sector, such as Bowe Storage and Jiangbolong, also reported significant price increases, with Bowe Storage rising by 11.11% to 116.00 [3] - Institutional forecasts indicate that 19 stocks in the storage sector are expected to see net profit growth exceeding 50% by 2025 [4] Group 3: Pharmaceutical Sector Activity - The pharmaceutical sector saw renewed activity, with companies like Guizhou Bailing and SanSheng Guojian hitting their respective limit ups [5][6] - Guizhou Bailing's subsidiary received approval for a clinical trial of a new drug aimed at treating type 2 diabetes, marking a significant milestone for the company [10] - The innovative drug sector is projected to maintain high revenue growth, with expectations of continued positive performance in Q3 [10]

截至月份: 2025年9月30日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 中發展控股有限公司 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00475 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月底法定/ ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：475） 二零二五年股東週年大會之 投票表決結果 董事會欣然宣佈，於股東週年大會上提呈之所有決議案已按投票表決方式獲本 公司股東正式通過。 茲提述中發展控股有限公司（「本公司」）日期為二零二五年七月三十一日之通函 （「原通函」）及股東週年大會通告（「原通告」），以及本公司日期為二零二五年八 月二十日之補充通函（「補充通函」）及股東週年大會補充通告（「補充通告」）。除 文義另有所指外，本公告所用詞彙與原通函及補充通函所界定者具有相同涵義。 股東週年大會之投票表決結果 董事會欣然宣佈，原通告及補充通告載列之所有提呈決議案（「決議案」）已於二 零二五年九月十一日舉行之股東週年大會上按投票表決方式獲股東正式通過。投 票表決結果列載如下： | | 普通決議案 | 票數 （概約百 ...