附调研内容： 泉果基金Q1、换届以来，新任领导班子对公司未来的发展战略和经营层面有哪些新的思路？ 根据披露的机构调研信息2025年8月28日，泉果基金对上市公司复旦微电进行了调研。 基金市场数据显示，泉果基金成立于2022年2月8日。截至目前，其管理资产规模为163.96亿元，管理基 金数6个，旗下基金经理共5位。旗下最近一年表现最佳的基金产品为泉果旭源三年持有期混合A （016709），近一年收益录得48.96%。 截至2025年8月28日，泉果基金近1年回报前8非货币基金业绩表现如下所示： 基金代码基金简称近一年收益成立时间基金经理016709泉果旭源三年持有期混合A48.962022年10月18日 赵诣 016710泉果旭源三年持有期混合C48.362022年10月18日赵诣 018329泉果思源三年持有期混合 A38.782023年6月2日刚登峰 018330泉果思源三年持有期混合C38.222023年6月2日刚登峰 019624泉果嘉 源三年持有期混合A25.882023年12月5日钱思佳 019625泉果嘉源三年持有期混合C25.382023年12月5日 钱思佳 020855泉果泰然30天持有期债 ...

Market Performance - The Hang Seng Index closed down 1.21% at midday on September 4 [1] - The Hang Seng Tech Index fell by 1.66% [1] Sector Performance - Semiconductor stocks experienced a broad decline, with major players like SMIC, Shanghai Fudan, and Huahong Semiconductor dropping over 6% [1] - Large technology stocks mostly declined, with Alibaba falling nearly 4% and Xiaomi and Kuaishou dropping over 2% [1]

Group 1 - The Hang Seng Index closed down 1.21% and the Hang Seng Tech Index fell by 1.66% [1] - Semiconductor stocks experienced a broad decline, with SMIC, Shanghai Fudan, and Huahong Semiconductor each dropping over 6% [1] - Major technology stocks mostly declined, with Alibaba down nearly 4% and Xiaomi and Kuaishou each falling over 2% [1]

格隆汇9月4日｜恒生科技指数跌幅扩大至逾1%。芯片股震荡下挫，地平线机器人跌超6%，中芯国际、 晶门半导体、华虹半导体跌超5%，上海复旦跌超4%。 | 恒生指数 | 25140.70 | -202.73 | -0.80% | | --- | --- | --- | --- | | 800000 | | | | | 国企指数 | 8958.76 | -91.26 | -1.01% | | 800100 | | | | | 恒生科技指数 | 5616.71 | -67.03 | -1.18% | | 800700 | | | | (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Core Insights - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies as of September 1, 2025 [1][2][3]. Group 1: Increased Holdings - Aikang Medical (01789) saw the largest increase in holdings, up by 1.59%, bringing its total to 20.34% [1]. - Yimai Sunshine (02522) and Shanghai Fudan (01385) also experienced notable increases of 1.19% and 0.91%, with new holdings of 38.82% and 41.13% respectively [1]. - Other companies with significant increases include Jingtai Holdings (02228) and Fourth Paradigm (06682), both up by 0.86%, with holdings of 41.75% and 46.65% respectively [1]. Group 2: Decreased Holdings - Hang Seng China Enterprises (02828) experienced the largest decrease, down by 15.91%, now holding only 0.50% [2]. - Other notable decreases include the Tracker Fund of Hong Kong (02800) and Southern Hang Seng Technology (03033), which fell by 7.39% and 2.67%, with holdings of 0.69% and 59.48% respectively [2]. - Companies like Huaxia Hang Seng Biotechnology (03069) and Yuzhou Group (01628) also saw reductions of 1.59% and 1.27%, with holdings of 13.93% and 2.06% respectively [2]. Group 3: Five-Day Changes - Over the last five trading days, Anjijia Food (02648) led with a 4.24% increase, reaching a holding of 16.87% [3]. - Other companies with significant five-day increases include Jinli Permanent Magnet (06680) and Ganfeng Lithium (01772), which rose by 3.94% and 3.34%, with holdings of 28.00% and 34.97% respectively [3]. - Companies like Jingtai Holdings (02228) and Times Angel (06699) also saw increases of 3.12% and 2.06%, with holdings of 41.75% and 23.15% respectively [3]. Group 4: Twenty-Day Changes - In the last twenty days, Anjijia Food (02648) had the highest increase at 14.45%, with a holding of 16.87% [4]. - Changfei Optical Fiber (06869) and Yimai Sunshine (02522) also saw significant increases of 8.06% and 7.96%, with holdings of 54.02% and 38.82% respectively [4]. - Other notable increases include Meizhong Jiahe (02453) and Jingtai Holdings (02228), which rose by 7.16% and 6.99%, with holdings of 37.60% and 41.75% respectively [4].

Group 1 - Fudan Microelectronics experienced a decline of 5.06% on September 1, with a stock price of 60.45 yuan per share and a trading volume of 688 million yuan, resulting in a total market capitalization of 49.655 billion yuan [1] - The company, established on July 10, 1998, and listed on August 4, 2021, primarily engages in integrated circuit (IC) related businesses, operating through two segments: design, development, and sales of integrated circuits, and providing IC testing services [1] - The revenue composition of Fudan Microelectronics includes: FPGA and other products (37.04%), non-volatile memory (23.92%), security and identification chips (21.35%), smart meter chips (13.46%), IC testing services (4.15%), and rental income (0.09%) [1] Group 2 - Huashang Fund holds a significant position in Fudan Microelectronics, with its Huashang Innovation Growth Mixed Fund A (000541) reducing its holdings by 20,400 shares in the second quarter, now holding 348,300 shares, which accounts for 1.94% of the fund's net value [2] - The fund has reported a floating loss of approximately 1.1216 million yuan as of the latest data [2] - The Huashang Innovation Growth Mixed Fund A was established on March 18, 2014, with a current size of 724 million yuan, achieving a year-to-date return of 48.28% and a one-year return of 62.93% [2]

Group 1 - Fudan Microelectronics experienced a decline of 5.06% on September 1, with a stock price of 60.45 yuan per share and a trading volume of 688 million yuan, resulting in a total market capitalization of 49.655 billion yuan [1] - The company, established on July 10, 1998, and listed on August 4, 2021, primarily engages in integrated circuit (IC) related businesses, operating through two segments: design, development, and sales of integrated circuits, and providing IC testing services [1] - The revenue composition of Fudan Microelectronics includes: 37.04% from FPGA and other products, 23.92% from non-volatile memory, 21.35% from security and identification chips, 13.46% from smart meter chips, 4.15% from IC testing services, and 0.09% from rental income [1] Group 2 - Jin Ying Fund has a significant holding in Fudan Microelectronics, with its Jin Ying Industry Advantage Mixed A Fund (210003) holding 263,800 shares, accounting for 4.82% of the fund's net value, making it the seventh largest holding [2] - The Jin Ying Industry Advantage Mixed A Fund was established on July 1, 2009, with a current size of 269 million yuan, achieving a year-to-date return of 17.18% and a one-year return of 34.04% [2] - The fund manager, Ni Chao, has been in position for 10 years and 86 days, overseeing assets totaling 3.016 billion yuan, with the best fund return during his tenure being 156.51% [3]

中芯国际涨6.67%，华虹半导体涨超5%，英诺赛科涨1.68%，上海复旦涨0.99%。 (本文来自第一财经) ...

Company Overview - Fudan Microelectronics Group Co., Ltd. is located at 127 Guotai Road, Yangpu District, Shanghai, established on July 10, 1998, and listed on August 4, 2021 [2] - The company primarily engages in integrated circuit (IC) related businesses, operating through two segments: design, development, and sales of integrated circuits, and providing IC testing services [2] - Main revenue sources include FPGA and other products (37.04%), non-volatile memory (23.92%), security and identification chips (21.35%), smart meter chips (13.46%), IC testing services (4.15%), and rental income (0.09%) [2] Financial Performance - As of June 30, 2025, the company reported revenue of 1.839 billion yuan, a year-on-year increase of 2.49%, while net profit attributable to shareholders was 194 million yuan, a decrease of 44.38% year-on-year [3] - Cumulative cash dividends since the A-share listing amount to 311 million yuan, with 258 million yuan distributed over the past three years [4] Stock Performance - On September 1, the stock price decreased by 2.06%, trading at 62.36 yuan per share, with a total market capitalization of 51.224 billion yuan [1] - Year-to-date, the stock price has increased by 62.78%, with a 14.28% rise over the last five trading days, 18.71% over the last 20 days, and 27.71% over the last 60 days [1] Shareholder Structure - As of June 30, 2025, the number of shareholders is 21,700, a decrease of 7.44% from the previous period, with an average of 24,735 circulating shares per shareholder, an increase of 8.04% [3] - Major shareholders include the Harvest SSE Sci-Tech Innovation Board Chip ETF, which increased its holdings by 728,000 shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 392,420 shares [4]

| 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01385 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 284,330,000 | RMB | | 0.1 RMB | | 28,433,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 284,330,000 | RMB | | 0.1 RMB | | 28,433,000 | 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8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: 上海復旦微電子集團股份有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 2. 股份分類 | 普通股 | 股份類別 | A | | ...