Core Viewpoint - Multiple companies in the computing power industry have issued risk warnings due to significant stock price increases, indicating potential volatility and the need for cautious investment decisions [1][5][7]. Group 1: Company-Specific Risk Warnings - Shoukai Co., Ltd. has experienced a stock price increase of over 100% in eight trading days, raising concerns about potential short-term declines due to rapid price appreciation [2][3]. - Industrial Fulian reported a market capitalization of 1.23 trillion yuan after a nearly 5% increase, while also warning investors about the volatility of its stock price [4][5]. - Cambridge Technology clarified that it does not currently produce chips with CPO technology and that its recent stock price surge may not reflect its actual business performance [6][7]. - Qingshan Paper indicated that its subsidiary's net profit of 209.9 million yuan is minimal compared to the company's overall performance, suggesting that recent market classifications may not accurately represent its core business [6][7]. Group 2: General Market Observations - The computing power industry has seen a resurgence in trading activity, with several companies experiencing consecutive trading days of price increases [4][5]. - Companies such as Jianwang Electronics and Roman Co. have also issued warnings about their stock price volatility, emphasizing that their fundamental business conditions remain unchanged [6][7]. - The overall market sentiment appears to be driven by speculative trading, leading to significant price fluctuations that may not be justified by the underlying business fundamentals [1][7].

Market Overview - The Shanghai Composite Index fell by 0.12% on September 12, with 9 out of the 28 sectors rising, led by the non-ferrous metals and real estate sectors, which increased by 1.96% and 1.51% respectively [2] - The communication and comprehensive sectors experienced the largest declines, with drops of 2.13% and 1.95% respectively [2] Capital Flow Analysis - The net outflow of capital from the two markets reached 53.64 billion yuan, with 6 sectors seeing net inflows [2] - The non-ferrous metals sector had the highest net inflow of capital, totaling 2.168 billion yuan, while the construction and decoration sector saw a net inflow of 721 million yuan [2] Real Estate Sector Performance - The real estate sector rose by 1.51% with a net capital inflow of 204 million yuan, comprising 100 stocks, of which 89 rose and 11 fell [3] - Notable stocks with significant net inflows included China Fortune Land Development (3.25 billion yuan), Vanke A (2.61 billion yuan), and Shoukai Co. (1.63 billion yuan) [3] Top Gainers in Real Estate - The top gainers in the real estate sector included: - China Fortune Land Development: +9.95%, 9.57% turnover, 325.11 million yuan inflow - Vanke A: +1.61%, 3.31% turnover, 261.09 million yuan inflow - Shoukai Co.: +9.98%, 11.64% turnover, 162.70 million yuan inflow [4] Top Losers in Real Estate - The top losers in the real estate sector included: - Wantong Development: -5.95%, 20.71% turnover, -860.21 million yuan outflow - Wolong New Energy: -8.29%, 16.71% turnover, -89.14 million yuan outflow - Poly Development: -0.64%, 2.44% turnover, -80.62 million yuan outflow [5]

根据天眼查显示，基金持有宇树科技4.7683%股权。按此计算，盈信公司间接持有的宇树科技股权比例 约为0.3%，持股比例很低。盈信公司对基金的投资仅为财务性投资，对基金决策运作无控制力和影响 力。 首开股份（600376）(600376.SH)发布澄清公告，近日，公司关注到，网络上有关于公司控股子公司北 京首开盈信投资管理有限公司(简称"盈信公司")间接持有杭州宇树科技股份有限公司(简称"宇树科技") 股权的报道。为避免给投资者造成误导，公司针对上述事项进行说明并澄清如下： 盈信公司为公司持股比例为62.74%的控股子公司。截至2025年7月，盈信公司对金石成长股权投资(杭 州)合伙企业(有限合伙)(以下简称"基金")认缴出资3亿元，实缴出资1.8亿元。经公司了解，截至8月25 日，基金的认缴规模为460,963.95万元。据此计算，盈信公司持有基金的认缴份额比例约为6.51%(上述 比例随着基金实际运营的认缴规模变化而变化)。 2025年上半年，公司营业收入18,039,049,312.69元，公司归属于上市公司股东的净利润-1,838,546,799.42 元。公司目前仍处于亏损状态，主营业务未发生重大变 ...

盈信公司为公司持股比例为62.74%的控股子公司。截至2025年7月，盈信公司对金石成长股权投资(杭 州)合伙企业(有限合伙)(以下简称"基金")认缴出资3亿元，实缴出资1.8亿元。经公司了解，截至8月25 日，基金的认缴规模为460,963.95万元。据此计算，盈信公司持有基金的认缴份额比例约为6.51%(上述 比例随着基金实际运营的认缴规模变化而变化)。 2025年上半年，公司营业收入18,039,049,312.69元，公司归属于上市公司股东的净利润-1,838,546,799.42 元。公司目前仍处于亏损状态，主营业务未发生重大变化，公司将继续专注主营业务发展，相关业务目 前仍处于恢复期间。 根据天眼查显示，基金持有宇树科技4.7683%股权。按此计算，盈信公司间接持有的宇树科技股权比例 约为0.3%，持股比例很低。盈信公司对基金的投资仅为财务性投资，对基金决策运作无控制力和影响 力。 智通财经APP讯，首开股份(600376.SH)发布澄清公告，近日，公司关注到，网络上有关于公司控股子 公司北京首开盈信投资管理有限公司(简称"盈信公司")间接持有杭州宇树科技股份有限公司(简称"宇树 科技")股权的报 ...

Group 1 - The company, Shoukai Co., announced on September 12, 2025, that its stock price had deviated significantly, with a cumulative deviation of 20% over three consecutive trading days from September 10 to September 12, 2025, and a total deviation of 100% over eight trading days from September 3 to September 12, 2025, indicating severe abnormal stock trading fluctuations [1] - Media reports indicate that the company's controlling subsidiary, Yingxin Company, indirectly holds equity in Yushu Technology, with Yingxin Company owning 62.74% of the shares [1] - As of July 2025, Yingxin Company had committed to a fund with a total subscription of 300 million yuan and had actually contributed 180 million yuan, with the fund's total subscription scale reaching approximately 460.96 million yuan by August 25, 2025 [1] Group 2 - Yingxin Company holds approximately 6.51% of the fund's subscription shares, which in turn holds 4.7683% equity in Yushu Technology, resulting in Yingxin Company's indirect ownership of about 0.3% of Yushu Technology [1] - The investment by Yingxin Company in the fund is characterized as a financial investment, lacking control and influence over the fund's decision-making and operations [1]

北京首都开发股份有限公司 关于股票交易异常波动暨严重异常波动的公告 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 述或重大遗漏，并对其内容的真实性、准确性、完整性承担法律责任。 股票代码：600376 股票简称：首开股份 编号：临2025-082 重要内容提示： 北京首都开发股份有限公司（以下简称"公司"）股票交易于2025年9 月10日、9月11日及9月12日连续三个交易日内日收盘价格涨幅偏离值累计达到 20%，与此同时，自2025年9月3日至9月12日期间，公司股票在八个交易日内收盘 价格涨幅偏离值累计达到100%，根据《上海证券交易所交易规则》有关规定，属 于股票交易严重异常波动情形。 经公司自查并向控股股东及实际控制人发函查证，截至本公告披露日， 确认不存在应披露而未披露的重大事项或重要信息。 公司股价存在短期上涨过快可能出现的下跌风险。 鉴于近日公司股票剔除大盘和板块整体影响后的实际波动幅度较大，敬 请广大投资者注意二级市场交易风险，理性决策，审慎投资。 一、股票交易严重异常波动的具体情况 公司股票于2025年9月10日、9月11日及9月12日连续三个交易日内日收盘价 格涨幅偏离 ...

股票代码：600376 股票简称：首开股份 编号：临2025-083 北京首都开发股份有限公司 关于近期市场舆情的澄清公告 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 述或重大遗漏，并对其内容的真实性、准确性、完整性承担法律责任。 为避免给投资者造成误导，公司针对上述事项进行说明并澄清如下： 盈信公司为公司持股比例为62.74%的控股子公司。截至2025年7月，盈信公 司对金石成长股权投资（杭州）合伙企业（有限合伙）（以下简称"基金"）认 缴出资3亿元，实缴出资1.8亿元。经公司了解，截至8月25日，基金的认缴规模 为460,963.95万元。据此计算，盈信公司持有基金的认缴份额比例约为6.51%（上 述比例随着基金实际运营的认缴规模变化而变化）。 根据天眼查显示，基金持有宇树科技4.7683%股权。按此计算，盈信公司间 接持有的宇树科技股权比例约为0.3%，持股比例很低。盈信公司对基金的投资仅 为财务性投资，对基金决策运作无控制力和影响力。 2025年上半年，公司营业收入18,039,049,312.69元，公司归属于上市公司 股东的净利润-1,838,546,799.42元。公司目前 ...

Group 1 - Yishitong plans to repurchase shares worth between 30 million to 55 million yuan at a price not exceeding 40.69 yuan per share, intended for employee stock ownership plans or equity incentives [1] - Guoyao Modern's subsidiary has received approval for a sodium bicarbonate injection to increase specifications and pass consistency evaluation [2] - Xinjing plans to reduce its shareholding by up to 1.2 million shares, accounting for 0.78% of the total share capital, between October 14, 2025, and January 13, 2026 [2] Group 2 - Jinfeikeda intends to apply for an additional credit limit of up to 60 million yuan from Jiangsu Financial Leasing [3] - Boshi Co. signed a project contract worth 235 million yuan with Guoneng Yulin Chemical for a three-year service period starting from October 31, 2025 [4] - Luan Energy reported a coal sales volume of 3.78 million tons in August, a decrease of 13.70% year-on-year [6] Group 3 - Shengnong Development achieved sales revenue of 1.857 billion yuan in August, a year-on-year increase of 19.11% [8] - Huading Co. plans to transfer 9.26% of its shares through public solicitation of transferees [10] - China Metallurgical Group's new contract amount from January to August decreased by 18.2% year-on-year, totaling 679.57 billion yuan [12] Group 4 - Longjing Environmental plans to invest approximately 3.99 billion yuan in the construction of a hydropower station project in the Democratic Republic of the Congo [14] - Longjing Environmental also plans to invest 2.391 billion yuan in an integrated energy station project, expected to be operational by the second quarter of 2026 [15] - Transsion Holdings has set the transfer price for its shares at 81.81 yuan per share, with a subscription rate of 1.15 times [17] Group 5 - Sinopec Oilfield Services won a bid for a natural gas pipeline project with a contract value of 858 million yuan [18] - Huaitian Thermal Power received a warning letter from the Liaoning Securities Regulatory Bureau for information disclosure violations [20] - China Nuclear Engineering signed new contracts totaling 96.633 billion yuan as of August [22] Group 6 - Shanghai Mechanical plans to publicly transfer 67% of its stake in Simic Welding Materials, with an estimated value of 291 million yuan [24] - Zhongke Environmental appointed Tang Xia as the new deputy general manager [26] - Baiyang Pharmaceutical signed a strategic cooperation agreement with Jikun Pharmaceutical for a drug project [28] Group 7 - Jinsong New Materials received a warning letter from the Zhejiang Securities Regulatory Bureau for fundraising irregularities [27] - Weitang Industrial obtained a national invention patent for a battery tray welding deformation control device [29] - Dongsoft Carrier secured two national invention patents related to energy management and voltage regulation circuits [30] Group 8 - Lian De Equipment won a bid for the BOE AMOLED production line project with a total amount of 201 million yuan [31] - Jingjiawei signed a strategic cooperation agreement with Anchaoyun to develop high-performance cloud desktop solutions [32] - Chuaning Biological received approval for a 1 billion yuan medium-term note registration [34] Group 9 - Jifeng Co. plans to reduce its shareholding by up to 2% through block trading [36] - Taihe Intelligent plans to transfer 5.79% of its shares to Sunshine New Energy Development Co., Ltd. [36] - Yangmei Chemical will change its stock name to "Luhua Technology" starting September 17, 2025 [38] Group 10 - ST Songfa's subsidiary signed contracts for the construction of four container ships, with a total value of approximately 300 to 500 million USD [40] - Green Energy Huichong plans to establish a joint venture with Xianyang Economic Development Group with a registered capital of 250 million yuan [42] - Baiyao Tai received a milestone payment of 5.4 million USD from Intas Pharmaceuticals [38]

New Stock Issuance - YouSheng Co., Ltd. (Securities Code: 732418) issued shares at a price of 46.36 RMB on September 12, 2025[1] - *ST Tianmao (Securities Code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - *ST Zitian (Securities Code: 300280) enters the delisting arrangement period starting September 15, 2025[1] Trading Alerts - Hangke Technology (Securities Code: 688006) reported severe abnormal fluctuations on September 11, 2025[1] - Shanghai Electric Power (Securities Code: 600021) had a trading volume of 8,487 on September 10, 2025[1] - Tianji Co., Ltd. (Securities Code: 002759) reported a trading volume of 8,705 on September 10, 2025[1] Abnormal Fluctuations - ST Lingnan (Securities Code: 002717) reported a trading volume of 7,965 on September 10, 2025[3] - ST Huaxi (Securities Code: 002630) reported a trading volume of 9,579 on September 11, 2025[3] - ST Jianye (Securities Code: 600381) reported a trading volume of 5,420 on September 3, 2025[3]

Market Performance - On September 12, the real estate development sector rose by 1.87%, with Xiangjiang Holdings leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - Xiangjiang Holdings (600162) closed at 1.96, with a gain of 10.11% and a trading volume of 1.3351 million shares, amounting to a transaction value of 253 million [1] - Rongsheng Development (002146) closed at 1.75, up 10.06%, with a trading volume of 3.4729 million shares, totaling 590 million [1] - Shouke Co. (600376) closed at 5.51, gaining 9.98%, with a trading volume of 2.9765 million shares, amounting to 1.59 billion [1] - Suning Universal (000718) closed at 3.31, up 9.97%, with a trading volume of 1.1660 million shares, totaling 383 million [1] - Huaxia Happiness (600340) closed at 2.43, gaining 9.95%, with a trading volume of 3.5830 million shares, amounting to 858 million [1] Capital Flow Analysis - The real estate development sector saw a net inflow of 31.39 million from institutional investors, while retail investors contributed a net inflow of 413 million [2] - The sector experienced a net outflow of 444 million from speculative funds [2] Detailed Capital Flow for Selected Stocks - Huaxia Happiness (600340) had a net inflow of 34.9 million from institutional investors, but a net outflow of 168 million from speculative funds [3] - Vanke A (000002) saw a net inflow of 26.4 million from institutional investors, with a net outflow of 101 million from speculative funds [3] - Rongsheng Development (002146) had a net inflow of 14.5 million from institutional investors, but a net outflow of 76.5 million from speculative funds [3] - Shouke Co. (600376) experienced a net inflow of 84.8 million from institutional investors, with a net outflow of 81.3 million from speculative funds [3]