Group 1 - The concept of Moore Threads continues to show strong performance, with companies such as Heertai and Lianmei Holdings reaching their price limits during bidding [1] - Initial Spirit Information saw a price increase of 10%, while Zhongke Lanyun experienced a rise of over 5% [1]

（文章来源：证券日报） 证券日报网讯 9月22日晚间，联美控股发布公告称，公司股票于2025年9月18日、2025年9月19日、2025 年9月22日连续3个交易日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。经公司自 查，并书面征询控股股东及实际控制人，截至本公告披露日，公司不存在其他应披露而未披露的重大信 息。 ...

联美量子股份有限公司（以下简称"公司"）股票于 2025 年 9 月 18 日、 2025 年 9 月 19 日、2025 年 9 月 22 日连续 3 个交易日收盘价格涨幅偏离值累计 超过 20%，根据《上海证券交易所交易规则》有关规定，属于股票交易异常波动 情形。 经公司自查，并书面征询控股股东及实际控制人，截至本公告披露日， 公司不存在其他应披露而未披露的重大信息。 一、股票交易异常波动的具体情况 证券代码：600167 证券简称：联美控股 公告编号：2025-037 联美量子股份有限公司股票交易异常波动公告 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： 公司股价产生较大影响的重大事件。公司董事、高级管理人员、控股股东及其一 致行动人在公司股票异常波动期间不存在买卖公司股票的情况。 三、相关风险提示 （一）市场交易风险 公司股票交易于 2025 年 9 月 18 日、9 月 19 日、9 月 22 日连续 3 个交易日 内日收盘价格涨幅偏离值累计达到 20%，股价剔除大盘和板块整体因素后的实际 波 ...

南财智讯9月22日电，联美控股公告，公司股票于2025年9月18日至22日连续三个交易日内收盘价格涨幅 偏离值累计超过20%，根据《上海证券交易所交易规则》有关规定，属于股票交易异常波动情形。经公 司自查，目前生产经营活动正常，日常经营情况及外部环境未发生重大变化。公司、控股股东及实际控 制人均不存在涉及公司应披露而未披露的重大信息。公司未发现需要澄清或回应的媒体报道或市场传 闻，未发现可能导致公司股票交易异常波动的其他股价敏感信息。公司提醒投资者注意市场交易风险和 生产经营风险，理性投资。 ...

Core Insights - The electricity sector experienced a decline of 0.44% on the trading day, with Zhaoxin Co., Ltd. leading the losses [1][2] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Leading gainers in the electricity sector included: - Lianmei Holdings (600167) with a closing price of 7.94, up 9.97% [1] - Guang'an Aizhong (600979) with a closing price of 5.01, up 4.16% [1] - Guangdong Electric Power A (000539) with a closing price of 4.76, up 3.03% [1] - Major decliners included: - Zhaoxin Co., Ltd. (002256) with a closing price of 3.02, down 2.89% [2] - Jiaze New Energy (601619) with a closing price of 4.59, down 2.75% [2] - Tuo Ri New Energy (002218) with a closing price of 3.57, down 2.72% [2] Capital Flow - The electricity sector saw a net outflow of 1.726 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.21 billion yuan [2][3] - Notable capital flows included: - Guang'an Aizhong (600979) with a net inflow of 64.94 million yuan from institutional investors [3] - Sanxia Energy (600905) with a net inflow of 25.27 million yuan from institutional investors [3] - Lianmei Holdings (600167) with a net inflow of 12.79 million yuan from institutional investors [3]

Core Viewpoint - The stock prices of companies related to Moore Threads surged collectively following the announcement of its upcoming IPO, with significant gains observed in several stocks [1][3]. Group 1: IPO Details - Moore Threads plans to raise 8 billion yuan through its IPO, primarily for the development of next-generation AI training and inference chips, graphics chips, and AI SoC chips [1]. - The Shanghai Stock Exchange's listing review committee is scheduled to meet on September 26 to review Moore Threads' IPO application [1]. Group 2: Market Reaction - Stocks such as Heertai and Yingqu Technology, which directly hold shares in Moore Threads, experienced a 10% increase and reached their daily limit [4]. - Other companies with indirect stakes, like Honglida and Chuling Information, saw their stock prices rise by 20% [4]. Group 3: Shareholding Structure - Heertai holds a direct stake of 1.03% in Moore Threads, while Yingqu Technology holds 0.34% [4]. - Honglida has an indirect holding of approximately 0.31% through its investment in a venture capital partnership, and Chuling Information has an indirect holding of about 0.02% [4][6]. Group 4: Performance Metrics - Heertai's stock has increased by 178.53% this year, while ST Huaton has seen a remarkable rise of 285.41% [6]. - Other companies like Zhongke Lanyun and Lianmei Holdings also reported varying degrees of stock price increases [5][6].

Group 1 - The concept stocks related to Moore Threads have seen a significant rise, with several stocks hitting the daily limit up, including Honglida, Chuling Information, Yingqu Technology, Heertai, Donghua Software, and Lianmei Holdings [1] - Shengyuan Environmental Protection increased by nearly 9%, while Hongxin Electronics rose by nearly 6% [1]

Group 1 - Multiple stocks related to Moore Threads experienced significant gains, with companies like Honglida, Chuling Information, and Yingqu Technology reaching their daily limit up [1] - Among the stocks associated with Moore Threads, three have doubled in value this year, with Changfei Fiber leading at over 288% increase, followed by ST Huaton at over 278%, and Heertai at over 178% [3] - Moore Threads, founded in 2020, focuses on developing full-featured GPUs for high-performance computing applications, successfully launching four generations of GPU architectures [3] Group 2 - The upcoming IPO of Moore Threads on the Sci-Tech Innovation Board is scheduled for September 26, indicating a growing interest in the domestic chip industry [3] - The Chinese AI innovation and new technology trends are becoming clearer, with rapid progress in domestic production and global expansion, suggesting a new capital expenditure cycle in emerging industries [4] - The technology market is expected to continue its upward trend, with recommendations for investments in sectors such as internet, electronic semiconductors, innovative pharmaceuticals, and robotics [4]

Core Viewpoint - Lianmei Holdings (sh600167) reached its daily limit up on September 22, 2025, with a price of 7.94 yuan, reflecting a 9.97% increase, and a total market capitalization of 17.967 billion yuan [1] Group 1: Financial Performance - As of the end of the first half of 2025, Lianmei Holdings reported a fundraising balance of 2.653 billion yuan, providing sufficient financial support for future development and business transformation during the strategic adjustment period [2] - The company's net profit increased by 9.87% year-on-year, indicating stable profitability in its main business, while the non-recurring net profit remained roughly flat, showcasing some resilience in performance [2] Group 2: Business Growth - The high-speed rail media advertising business showed good growth, with revenue increasing by 12.26% year-on-year, indicating initial success in new business expansion [2] - Despite a decline in the gross profit margin of the advertising business, the revenue growth may have contributed to the stock price surge [2] - The company holds 77 authorized patents (including 18 invention patents), creating a certain level of technical barrier that supports business development [2] Group 3: Market Dynamics - On September 22, 2025, stocks in the media advertising and comprehensive energy service sectors showed active performance, suggesting a sectoral linkage effect [2] - Lianmei Holdings, being involved in both sectors, may have benefited from the overall market sentiment [2] - Technical indicators such as potential inflows of main funds and positive technical formations (e.g., MACD golden cross, BOLL channel breakout) could attract investor attention and drive the stock price limit up [2]

Core Viewpoint - The domestic GPU company Moore Threads is set to hold its IPO meeting on the Science and Technology Innovation Board on September 26, leading to a significant surge in related concept stocks [1] Group 1: Company Impact - Moore Threads' upcoming IPO has resulted in a strong market reaction, with related stocks experiencing substantial gains [1] - Companies such as Heheta, Donghua Software, and Lianmei Holdings saw their stocks hit the daily limit up [1] - Initial Ling Information's stock rose over 12%, indicating strong investor interest in the sector [1] Group 2: Market Reaction - Other companies like Zhongke Lanyun and Shengyuan Environmental Protection also opened significantly higher, reflecting a broader positive sentiment in the market [1] - Stocks of Wanhe Electric, Haoshanghao, and Maijie Technology followed suit with notable increases, showcasing a ripple effect across the industry [1]