Group 1 - The semiconductor sector in Hong Kong experienced a decline, with major companies like SMIC and Hua Hong Semiconductor dropping over 4% [2] - The semiconductor index fell by 3.88%, closing at 5309.924, down 214.057 points [3] - The trading volume was 28.927 million, with a total transaction value of 2.219 billion [3] Group 2 - The "14th Five-Year Plan" aims to accelerate breakthroughs in the entire semiconductor industry chain, focusing on developing new model algorithms and high-performance computing chips [4] - The domestic chip localization rate is expected to increase from 10% in October 2021 to 18% by 2024, with AI chip penetration projected at around 30% for Chinese brands [4] - There is a significant demand for domestic alternatives in CPU, GPU, analog chips, storage chips, and automotive chips due to external restrictions and the clear guidance of the "14th Five-Year Plan" [4]

每经AI快讯，10月31日，港股半导体股盘初走弱，华虹半导体、中芯国际跌超4%，上海复旦跌超3%。 每日经济新闻 ...

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。 上海復旦微電子集團股份有限公司 Shanghai Fudan Microelectronics Group Company Limited* ( 在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ) (股 份 編 號: 1385) 新公司章程(草案) 茲提述上海復旦微電子集團股份有限公司（「本公司」）日期分別為 2025 年 10 月 28 日 之公告（「該公告」），內容有關（其中包括）建議修訂公司章程及採納新公司章程。除 文義另有所指外， 本公告所用詞彙與該公告所界定者具相同涵義。 本公告附錄一列載已納入全部建議修訂的新公司章程(草案)，待股東於股東大會上以特 別決議案方式批准後，方可作實。此英文版為中文版的譯文，僅供參考。倘若譯文出現 歧義及╱ 或中英文兩個版本之間存在任何不一致，應以中文版為準。 承董事會命 上 海 復 旦 微 電 子 集 團 股 份 有 限 公 司 公司秘 ...

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, indicating which companies have seen the largest increases and decreases in ownership percentages by investors [1][2]. Group 1: Companies with Increased Holdings - Sanhua Intelligent Control (02050) saw the largest increase in ownership percentage, rising by 0.85% to a total of 17.33% [2]. - Chifeng Jilong Gold (06693) experienced a 0.66% increase, bringing its ownership percentage to 47.55% [2]. - Qoo10 Group (00917) had a 0.58% increase, resulting in a total ownership percentage of 7.86% [2]. - In the last five trading days, Delin Holdings (01709) had the most significant increase of 7.70%, reaching 34.03% [3]. - Yimeng Biotechnology-B (09606) and Qin Port Co. (03369) also saw notable increases of 3.45% and 3.12%, respectively [3]. Group 2: Companies with Decreased Holdings - China Aluminum International (02068) experienced the largest decrease, with a drop of 2.21% to 20.37% [2]. - Shanghai Fudan (01385) saw a decrease of 1.19%, resulting in a total ownership percentage of 38.58% [2]. - Dongjiang Environmental (00895) had a decrease of 1.16%, bringing its ownership percentage to 43.85% [2]. - In the last five trading days, Haotian International Construction Investment (01341) had the largest decrease of 7.61%, now at 51.48% [3]. - Longpan Technology (02465) and Hengsheng China Enterprises (02828) also saw decreases of 2.49% and 2.21%, respectively [3]. Group 3: Notable Trends - Over the last 20 days, Canggang Railway (02169) had the highest increase in ownership percentage, rising by 20.84% to 43.18% [4]. - GX Hengsheng Technology (02837) followed closely with a 19.67% increase, reaching 20.22% [4]. - The data indicates a trend of fluctuating investor interest in various sectors, with some companies gaining traction while others are losing it [1][2][3].

Group 1 - The storage sector in the US stock market has seen significant gains, with SanDisk rising over 16%, Western Digital over 13%, Seagate Technology over 19%, and Micron Technology over 2% [1] - SK Hynix reported a 62% increase in profits, indicating a substantial rise in demand for storage chips driven by the construction of global AI infrastructure [1] - In Q3, SK Hynix achieved a record operating profit of 11.4 trillion KRW (approximately 8 billion USD), slightly exceeding analyst expectations, with sales reaching 24.5 trillion KRW [1] Group 2 - SK Hynix's stock rose by up to 5% following the announcement of its profit growth [2] - According to TrendForce, the contract prices for Server DRAM are expected to strengthen due to the expansion of data centers by global cloud service providers, leading to an overall increase in DRAM prices [2] - The demand for servers is projected to remain strong into 2026, with DDR5 contract prices expected to rise throughout the year, potentially outperforming HBM3e starting in Q1 2026 [2] Group 3 - Morgan Stanley predicts that the storage chip industry is likely to enter a "super cycle" due to the AI boom [3] Group 4 - Relevant Hong Kong stocks in the storage chip sector include Bawen Storage (IPO application submitted), Jingshun Technology (IPO application), SMIC (00981), Hua Hong Semiconductor (01347), and Shanghai Fudan (01385) [4]

Core Viewpoint - Fudan Microelectronics (688385.SH) reported a total operating revenue of 3.024 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 12.7%. However, the net profit attributable to shareholders decreased by 22.69% to 330 million yuan, with basic earnings per share at 0.4 yuan [1] Financial Performance - Total operating revenue for the first three quarters reached 3.024 billion yuan, marking a 12.7% increase year-on-year [1] - Net profit attributable to shareholders was 330 million yuan, showing a decline of 22.69% compared to the previous year [1] - Basic earnings per share stood at 0.4 yuan [1]

Group 1 - Foreign capital continues to be optimistic about Hong Kong stocks, with Morgan Stanley predicting that the upward trend will extend into next year due to attractive valuations and multiple favorable factors [2][3] - The Hang Seng Index and Hang Seng Tech Index have seen significant gains of 31.34% and 36.38% respectively this year, with sectors like metals and semiconductors showing nearly 150% growth [2] - Morgan Stanley maintains a target of 13,000 points for the MSCI Hong Kong Index by year-end and a bullish target of 14,000 points, expecting further increases by 2026 [2] Group 2 - The rebound in Hong Kong's financial markets is attributed to factors such as capital inflows, stabilization in the real estate market, and robust retail sales [3] - The current easing cycle by the Federal Reserve is seen as more favorable for Hong Kong compared to previous cycles, as corporate profits are still rising amid global economic stability [3] Group 3 - Foreign investors are particularly optimistic about Chinese technology companies, noting that China is still in the early stages of AI development, providing ample room for growth compared to global peers [4][5] - The liquidity in the Chinese market remains abundant, with low interest rates driving retail investors towards equities for higher returns [5] Group 4 - Emerging markets, including China, are expected to benefit significantly from structural changes in the global economy, with a focus on technology hardware, infrastructure, and local consumer brands [6] - UBS reports a growing interest among international investors in Chinese stocks, driven by favorable valuations and expectations of further capital inflows [7]

Core Viewpoint - Shanghai Fudan Microelectronics Group Co., Ltd. announced the appointment of new senior management personnel during its board meeting held on October 28, 2025 [1] Group 1 - The company held its 10th Board of Directors' fourth meeting on October 28, 2025 [1] - The board approved the proposal to appoint Xu Liewei, Yu Jian, and Meng Xiangwang as vice presidents of the company [1] - The term for the newly appointed vice presidents will last until the current board's term ends [1]

Core Viewpoint - Shanghai Fudan Microelectronics Group Co., Ltd. announced the resignation of its Deputy General Manager, Diao Linshan, due to personal reasons, effective immediately [1] Group 1 - Diao Linshan submitted a written resignation report to the board of directors on October 28 [1] - Following his resignation, Diao Linshan will no longer hold any positions within the company or its subsidiaries [1]

Core Points - Shanghai Fudan Microelectronics Group Co., Ltd. announced the appointment of Zheng Difan as the securities affairs representative, effective from the date of the board's approval until the end of the current board's term [1] Group 1 - The 10th Board of Directors' 4th meeting was held on October 28, 2025 [1] - The board approved the proposal regarding the appointment of the securities affairs representative [1]