Group 1 - The semiconductor ETF Southern (159325) opened down 2.20%, priced at 1.378 yuan [1] - Major holdings in the ETF experienced declines, including SMIC down 2.50%, Cambrian down 2.42%, and GigaDevice down 5.07% [1] - The ETF's performance benchmark is the CSI Semiconductor Industry Select Index return, managed by Southern Fund Management Co., Ltd. [1] Group 2 - Since its inception on October 31, 2024, the ETF has returned 40.62%, while the return over the past month is -4.13% [1]

Core Viewpoint - The semiconductor leader ETF (516640) opened down by 2.18% at 0.986 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The semiconductor leader ETF (516640) has a performance benchmark based on the CSI Semiconductor Industry Index return [1] - Since its establishment on August 19, 2021, the ETF has returned 0.82%, while its return over the past month is -3.38% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) down 2.50% - Cambricon (寒武纪) down 2.42% - Haiguang Information (海光信息) down 2.25% - Northern Huachuang (北方华创) down 2.40% - Lattice Semiconductor (澜起科技) down 2.66% - Zhaoyi Innovation (兆易创新) down 5.07% - Zhongwei Company (中微公司) down 2.90% - OmniVision (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - Changdian Technology (长电科技) down 1.44% [1]

Core Viewpoint - The integrated circuit ETF (562820) opened with a decline of 2.89%, indicating a bearish trend in the sector [1] Group 1: ETF Performance - The integrated circuit ETF (562820) opened at 2.083 yuan [1] - Since its establishment on April 12, 2024, the fund has achieved a return of 114.57% [1] - The fund has experienced a return of -4.65% over the past month [1] Group 2: Major Holdings Performance - Major stocks within the ETF showed significant declines, including: - Cambrian (寒武纪) down 2.42% - SMIC (中芯国际) down 2.50% - Haiguang Information (海光信息) down 2.25% - Lattice Technology (澜起科技) down 2.66% - GigaDevice (兆易创新) down 5.07% - Haowei Group (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - JCET (长电科技) down 1.44% - Unisoc (紫光国微) down 2.00% - Tongfu Microelectronics (通富微电) down 2.07% [1] Group 3: Management Information - The ETF is managed by Harvest Fund Management Co., Ltd. [1] - The fund manager is Tian Guangyuan [1] - The performance benchmark for the ETF is the CSI All-Share Integrated Circuit Index [1]

Core Viewpoint - The chip ETF Tianhong (159310) opened with a decline of 3.17%, indicating a bearish trend in the semiconductor sector [1] Group 1: ETF Performance - The Tianhong chip ETF (159310) opened at 1.896 yuan, reflecting a significant drop [1] - The fund's performance benchmark is the CSI Chip Industry Index return rate, managed by Tianhong Fund Management Co., Ltd. [1] - Since its establishment on April 18, 2024, the fund has achieved a return of 95.73%, while its return over the past month is -3.40% [1] Group 2: Major Holdings Performance - Key holdings in the Tianhong chip ETF experienced notable declines, including: - SMIC down 2.50% - Cambrian down 2.42% - Haiguang Information down 2.25% - Northern Huachuang down 2.40% - Lanke Technology down 2.66% - Zhaoyi Innovation down 5.07% - Zhongwei Company down 2.90% - OmniVision down 1.31% - Chipone down 4.01% - Changdian Technology down 1.44% [1]

Group 1 - The storage chip sector is experiencing a price surge, with a 50% price increase in memory prices expected by early 2025, and a projected 30% increase in Q4 2024, followed by a potential 20% rise in early 2025 [3] - The semiconductor equipment ETF (561980) has seen a net inflow of 211 million yuan over the last five trading days, with a year-to-date share increase of 96.6%, bringing its latest scale to 2.75 billion yuan [1][3] - The semiconductor industry index has risen by 53.42% year-to-date, ranking first among major semiconductor indices, with a maximum increase exceeding 80% [6][7] Group 2 - Nvidia plans to use mobile-grade memory chips in its AI servers, which could lead to a doubling of server memory prices by the end of 2026 [3] - The semiconductor equipment sector is expected to benefit from a "price cycle" and "product iteration cycle," leading to higher capital expenditures and sustained order growth for upstream equipment companies [3] - Major semiconductor events, such as ICCAD-Expo 2025 and the China International Semiconductor Expo, are set to take place, attracting leading companies from around the world [5] Group 3 - SMIC's 8-inch monthly production capacity has surpassed 1 million wafers for the first time, with a utilization rate of 95.8%, indicating strong demand for analog and storage orders [5] - The semiconductor industry is witnessing a robust recovery, with the China Securities Index reporting a 32.12% year-on-year revenue growth and a 27.12% increase in net profit for Q3 2025 [7][8] - The top ten components of the semiconductor equipment ETF account for over 78% of the index, focusing on key domestic innovations in the semiconductor supply chain [8]

Core Viewpoint - The chip ETF Tianhong (159310) opened with a gain of 1.82%, indicating positive market sentiment towards semiconductor stocks [1] Group 1: ETF Performance - The Tianhong chip ETF (159310) opened at 2.018 yuan, reflecting a 1.82% increase [1] - Since its establishment on April 18, 2024, the fund has achieved a return of 98.22% [1] - The fund's performance over the past month has seen a decline of 1.40% [1] Group 2: Major Holdings - Key stocks in the Tianhong chip ETF include: - SMIC (中芯国际) up 1.47% - Cambricon (寒武纪) up 2.18% - Haiguang Information (海光信息) up 2.47% - Northern Huachuang (北方华创) up 1.12% - Lattice Semiconductor (澜起科技) up 2.48% - Zhaoyi Innovation (兆易创新) up 2.46% - Zhongwei Company (中微公司) up 1.28% - OmniVision (豪威集团) up 0.83% - Chipone (芯原股份) up 2.68% - Changdian Technology (长电科技) up 1.09% [1]

Group 1 - The semiconductor ETF from Southern (159325) opened with a gain of 1.61%, priced at 1.448 yuan [1] - Key holdings in the semiconductor ETF include companies like SMIC, which rose by 1.47%, and Cambrian, which increased by 2.18% [1] - The ETF's performance benchmark is the CSI Semiconductor Industry Select Index return, managed by Southern Fund Management Co., Ltd. [1] Group 2 - Since its establishment on October 31, 2024, the ETF has achieved a return of 42.44%, while the return over the past month has been -2.04% [1]

中科寒武纪科技股份有限公司 2025 年第一次临时股东大会会议资料 证券代码：688256 证券简称：寒武纪 | 年第一次临时股东大会会议须知 3 2025 | | | --- | --- | | 2025 年第一次临时股东大会会议议程 6 | | | 年第一次临时股东大会会议议案 8 2025 | | | 案 | 8 | | 议案二：关于修订公司部分治理制度的议案 10 | | | 议案三：关于公司董事会换届选举暨提名第三届董事会非独立董事的议案 | 11 | | 议案四：关于公司董事会换届选举暨提名第三届董事会独立董事的议案 | 12 | 中科寒武纪科技股份有限公司 2025 年第一次临时股东大会会议资料 2025 年 11 月 中科寒武纪科技股份有限公司 2025 年第一次临时股东大会会议资料 2025 年第一次临时股东大会会议须知 为了维护中科寒武纪科技股份有限公司（以下简称"公司"）全体股东的合 法权益，确保股东大会的正常秩序和议事效率，保证股东大会的顺利进行，根据 《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券 法》（以下简称"《证券法》"）《上市公司股东会规则》以及《中科 ...

Core Points - The company, Cambrian, announced that its first extraordinary general meeting of shareholders for 2025 will be held on November 27, combining on-site and online voting [1] - The meeting will review several proposals, including the cancellation of the supervisory board, with the audit committee of the board of directors assuming its responsibilities [1] - The registered capital will increase from 418 million to 422 million due to a specific stock issuance [1] - Amendments to the company's articles of association and certain governance systems, including the rules of shareholder meetings, will be discussed [1] - A board of directors re-election will take place, nominating Chen Tianshi and four others as the third non-independent directors, and Hu Yaocong and two others as the third independent directors [1]

Core Insights - The average stock price of A-shares is 13.75 yuan, with 150 stocks priced over 100 yuan, indicating market interest in high-priced stocks [1] - The Shanghai Composite Index closed at 3946.74 points, up 0.18%, while stocks over 100 yuan averaged a decline of 0.56%, underperforming the index by 0.74 percentage points [1] - In the past month, stocks priced over 100 yuan have seen an average increase of 5.91%, outperforming the Shanghai Composite Index's 2.79% increase [2] Stock Performance - The highest closing price among stocks over 100 yuan is Kweichow Moutai at 1471.01 yuan, down 0.34% [1] - Other notable high-priced stocks include Cambricon Technologies at 1332.00 yuan and Yuanjie Technology at 573.43 yuan [1] - Among the 150 stocks over 100 yuan, 44 stocks increased in price today, with the largest gainers being LianTe Technology and Spring Power [1] Industry Distribution - The electronics sector has the highest representation among stocks over 100 yuan, with 56 stocks, accounting for 37.33% of the total [2] - Other significant sectors include computer and power equipment, with 18 and 15 stocks respectively [2] - The majority of high-priced stocks are listed on the ChiNext board, with 49 stocks, while the main board has 31 stocks [2] Institutional Ratings - Four stocks priced over 100 yuan received "buy" ratings from institutions today, including Yuanjie Technology and Mindray Medical [2]