Trading Volume Summary - The total trading volume of the Shanghai and Shenzhen Stock Connect today reached 263.615 billion, with Zhongji Xuchuang and Cambricon leading in trading volume for the Shanghai and Shenzhen stock connect respectively [1] - The total trading amount for the Shanghai Stock Connect was 119.420 billion, while the Shenzhen Stock Connect was 144.194 billion [2] Top Stocks by Trading Volume - In the Shanghai Stock Connect, the top traded stocks were: 1. Huidao Technology (31.59 billion) 2. Industrial Fulian (26.41 billion) 3. Kweichow Moutai (22.91 billion) [3] - In the Shenzhen Stock Connect, the top traded stocks were: 1. Zhongji Xuchuang (49.86 billion) 2. Ningde Times (40.95 billion) 3. Xinyi Technology (29.03 billion) [3] Sector Performance - The communication sector saw the highest net inflow of funds, amounting to 8.663 billion, while the electronic sector followed with a net inflow of 7.250 billion [5] - The oil and gas, film and television, and computing hardware sectors experienced significant gains, while the battery and non-ferrous metals sectors saw declines [4] ETF Trading Activity - The top ETF by trading volume was the Hong Kong Securities ETF, with a trading amount of 17.8114 billion, followed by the Hong Kong Innovative Drug ETF at 8.0343 billion [9] - The China A500 ETF Fund (159358) saw a remarkable trading volume increase of 163% compared to the previous trading day [10] Futures Market Activity - In the futures market, both the IF and IC contracts saw an increase in positions, with the IF contract showing a notable increase in long positions [11] Institutional Trading Activity - Institutions were notably active, with Tianji Co. receiving 1.59 billion from three institutions, while Enjie Co. faced a sell-off of 433.3 million from four institutions [12][13] - The trading activity of retail investors increased, with Liou Co. receiving over 2.66 billion from two retail investor seats [14]

北京商报讯（记者 陶凤 实习记者 王天逸）9月10日，寒武纪发布公告称，公司计划于2025年9月18日 16:00-17:00举行2025年半年度业绩说明会，董事长、总经理陈天石，董事、副总经理、财务负责人、董 事会秘书叶淏尹，以及独立董事王秀丽将参会。 ...

【寒武纪：将于9月18日举行2025年半年度业绩说明会】寒武纪公告称，公司计划于2025年9月18日 16:00-17:00举行2025年半年度业绩说明会，就投资者关心的问题进行交流。会议将在上海证券交易所上 证路演中心以网络文字互动形式召开。投资者可在9月17日16:00前将问题发送至公司投资者关系邮箱或 在上证路演中心网站提问预征集栏目提问。参会人员包括董事长、总经理陈天石，董事、副总经理、财 务负责人、董事会秘书叶淏尹，以及独立董事王秀丽。（新浪财经） ...

Group 1 - The core point of the news is that Cambrian has received approval from the CSRC for a stock issuance plan, which aims to raise up to 3.985 billion yuan to enhance its technological competitiveness in the AI chip market [1] - Cambrian's stock issuance plan has been adjusted to a total fundraising amount of no more than 3.985 billion yuan, with the number of shares to be issued increased to no more than 20.9175 million shares [1] - The funds raised will primarily be used for projects related to large model chip platforms and software platforms, reinforcing Cambrian's position in the competitive landscape [1] Group 2 - The demand for AI chips is experiencing explosive growth due to the evolution of large model technology, with domestic chip design manufacturers gradually increasing their market share [2] - Cambrian's SiYuan series chips are expected to benefit from the rising computational power demand across various industries and the trend of domestic substitution, potentially driving significant revenue growth and sustained profitability [2] Group 3 - Cambrian's stock price has reached new highs, approaching 1600 yuan, and has surpassed Kweichow Moutai to become the new "king of stocks" in A-shares [3] - As of October 10, Cambrian's stock has increased over 90% year-to-date, with a latest share price of 1273 yuan and a market capitalization of 532.6 billion yuan [3] - In the first half of the year, Cambrian achieved revenue of 2.88 billion yuan, a year-on-year increase of 4347.82%, and a net profit of 1.038 billion yuan, marking a turnaround to profitability [3]

Group 1 - JinkoSolar's subsidiary plans to sell 80% stake in Jinko New Materials for 80 million yuan, which will no longer be included in JinkoSolar's consolidated financial statements [1] - Zhongtai Automobile's subsidiary has been forced to dismantle its T300 vehicle assembly line, making it unable to resume production this year, leading to uncertainty in its ongoing operational capacity [1] - Springlight Technology's shareholders plan to reduce their holdings by a total of 0.68% of the company's shares between October 9, 2025, and January 8, 2026 [2] Group 2 - Sentech's energy storage and charging integration business is in the expansion phase, with its main business focusing on building-integrated photovoltaics (BIPV) and environmental remediation [3] - Qinchuan IoT plans to reduce its holdings by up to 1% of the company's shares from October 9, 2025, to January 8, 2026, with proceeds to be used for working capital [4] - Redick's shareholder plans to reduce holdings by up to 2% of the company's shares starting from September 9, 2025 [5] Group 3 - Guangxun Technology plans to raise up to 3.5 billion yuan through a private placement to fund various projects, including optical connection and high-speed optical transmission product production [8] - Shanghai Electric has terminated its acquisition of K-Electric Limited, which was planned for 1.773 billion USD, and is now focusing on investing in offshore photovoltaic and wind power projects [9][10] - Longsoft Technology's shareholder intends to transfer 1.72% of the company's shares through a non-public transfer [10] Group 4 - Amgen Pharmaceuticals' shareholders plan to reduce their holdings by a total of 6% of the company's shares between October 9, 2025, and January 8, 2026 [11] - Juhe Materials intends to acquire the blank mask business from SKE for approximately 35 million yuan to expand its semiconductor materials business [12] - Linuo Medical Packaging's shareholder plans to reduce holdings by up to 3% of the company's shares from October 9, 2025, to January 8, 2026 [13] Group 5 - Dongzhu Ecology plans to acquire 89.49% of Kairuixing Technology through a combination of share issuance and cash payment, aiming to enter the satellite communication and space information technology sector [14] - Dabeinong's controlling shareholder plans to reduce holdings by up to 1.99% of the company's shares starting from September 10, 2025 [15] - Tianji Technology is promoting the industrialization of lithium sulfide material preparation patents, currently in the early stages of development [16] Group 6 - Jing Shan Light Machine's subsidiary has secured a procurement order worth approximately 1.005 billion yuan from a leading lithium battery company [17] - Daheng Technology plans to establish a wholly-owned subsidiary with an investment of 600 million yuan to expand its semiconductor business [18]

证券代码：688256 证券简称：寒武纪 公告编号：2025-055 中科寒武纪科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 中科寒武纪科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日在 上海证券交易所网站（www.sse.com.cn）披露了《2025 年半年度报告》，为便于 广大投资者更全面深入地了解公司 2025 年半年度的经营成果、财务状况，公司 计划于 2025 年 9 月 18 日 16:00-17:00 举行 2025 年半年度业绩说明会，就投资者 关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络文字互动召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （二）会议召开地点：上海证券交易所上证路演中心（http://roadshow.sseinfo.com/） （ ...

格隆汇9月10日｜寒武纪(688256.SH)公告称，公司计划于2025年9月18日16:00-17:00举行2025年半年度 业绩说明会，就投资者关心的问题进行交流。会议将在上海证券交易所上证路演中心以网络文字互动形 式召开。投资者可在9月17日16:00前将问题发送至公司投资者关系邮箱或在上证路演中心网站提问预征 集栏目提问。参会人员包括董事长、总经理陈天石，董事、副总经理、财务负责人、董事会秘书叶淏 尹，以及独立董事王秀丽。 ...

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 5.62 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 1.51 billion yuan [1] - A total of 242 stocks saw net inflows, while 346 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 251 stocks rose, with one stock, Jia Yuan Technology, hitting the daily limit, while 332 stocks declined [1] - The top three stocks with the highest net inflows were: - Haiguang Information: 708.48 million yuan - Lanke Technology: 388.18 million yuan - Jia Yuan Technology: 195.88 million yuan [1] Continuous Fund Flow - There were 46 stocks with continuous net inflows for more than three trading days, with Hanwujing leading at 16 consecutive days of inflow [1] - Conversely, 114 stocks had continuous net outflows, with the most significant outflow from SMIC at 318 million yuan, despite its price increasing by 0.89% [1] Key Stocks with Net Inflows - The following stocks had notable net inflows: - Haiguang Information: 708.48 million yuan, with a price increase of 5.46% [1] - Lanke Technology: 388.18 million yuan, with a price increase of 5.70% [1] - Jia Yuan Technology: 195.88 million yuan, with a price increase of 20.00% [1] Key Stocks with Net Outflows - The stocks with the highest net outflows included: - SMIC: 318 million yuan, with a price increase of 0.89% [1] - Baiji Shenzhou: 224 million yuan [1] - Baili Tianheng: 150 million yuan [1] Fund Flow Analysis - The analysis indicates a mixed sentiment in the market, with significant inflows into certain stocks while others faced substantial outflows, reflecting investor behavior and market dynamics [1][2]

Core Viewpoint - The company, Cambrian (688256.SH), has received approval from the China Securities Regulatory Commission for a specific stock issuance, which is valid for 12 months [1]. Group 1: Fundraising and Financial Details - Cambrian plans to raise no more than 4.98 billion yuan through a private placement to fund projects related to large model chip platforms and software platforms, as well as to supplement working capital [3]. - The number of shares to be issued was adjusted from a maximum of 20.87 million to 20.92 million, with the total fundraising amount reduced to no more than 3.985 billion yuan due to an increase in total share capital from a stock incentive plan [3]. - As of September 10, Cambrian's stock price was 1,273 yuan per share, with a total market capitalization of 532.6 billion yuan [8]. Group 2: Market Performance and Predictions - Cambrian's stock price surged earlier this year, reaching a peak of 1,595.88 yuan per share, making it one of the only stocks in the A-share market to exceed 1,000 yuan, alongside Kweichow Moutai [3]. - Following the announcement of the stock issuance, Cambrian's stock price fell by over 20%, with a notable drop of 6% the day after the announcement [4]. - Analysts predict that if Cambrian's projects proceed smoothly, revenue could exceed 10 billion yuan by 2026, making the current valuation more reasonable [8]. Group 3: Industry Context and Competitive Position - The fundraising is primarily aimed at developing chips and software that align with the trend of domestic AI computing power, potentially enhancing Cambrian's competitiveness in the smart chip sector [8]. - Cambrian's revenue growth rate exceeded 43 times in the first half of the year, and the company has turned a profit, although its rolling price-to-earnings ratio remains significantly higher than the industry average [8].

Group 1 - The average stock price of the Sci-Tech Innovation Board is 38.24 yuan, with 60 stocks priced over 100 yuan, and the highest priced stock is Cambrian-U at 1273.00 yuan, which increased by 3.66% [1][2] - Among the stocks priced over 100 yuan, 33 stocks increased in price today, with the top gainers being Dingtong Technology, Jepter, and Chipone Technology [1][2] - The average premium of the stocks priced over 100 yuan relative to their issue price is 379.18%, with Cambrian-U, Baile Tianheng, and Anji Technology showing the highest premiums of 1877.02%, 1288.70%, and 1238.73% respectively [1][2] Group 2 - The net inflow of main funds for stocks priced over 100 yuan today totaled 765 million yuan, with the highest net inflows seen in Haiguang Information, Lankai Technology, and Cambrian-U [2] - The total margin financing balance for stocks priced over 100 yuan is 72.93 billion yuan, with the highest balances in SMIC, Cambrian-U, and Haiguang Information [2] - The stocks priced over 100 yuan are concentrated in the electronics, pharmaceutical biology, and computer industries, with 26, 12, and 9 stocks respectively [1][2]