Group 1 - The core viewpoint of the article highlights the strong performance of solid-state batteries, with Enjie Co., Ltd. reaching its daily limit increase and several stocks hitting new highs [1] - The New Materials ETF index fund closely tracks the CSI New Materials Theme Index, with electronic materials accounting for 24.7% and new energy materials for 38.8%, benefiting significantly from market movements, rising over 4.0% during trading [1] - The CSI New Materials Theme Index selects 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other key strategic materials, reflecting the overall performance of new materials theme listed companies [1] Group 2 - As of August 29, 2025, the top ten weighted stocks in the CSI New Materials Theme Index (H30597) include CATL, North Huachuang, Wanhua Chemical, Longi Green Energy, Huayou Cobalt, Tongwei Co., Ltd., Sanan Optoelectronics, and others, collectively accounting for 51.59% of the index [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 ■ 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法律责任。 重要内容提示: ●厦门三安电子有限公司（以下简称"三安电子"）持有本公司股份数量为1,213,823,341股，占公司总股 本比例为24.33%。三安电子本次办理部分股份解除质押后，其累计质押股份数量为559,750,000股，占 其所持有本公司股份的46.11%。 ●三安电子及其控股股东福建三安集团有限公司（以下简称"三安集团"）合计持有本公司股份数量为 1,470,456,883股，占公司总股本比例为29.47%。本次部分股份解除质押后，两家累计质押股份数量为 687,950,000股，质押股份约占两家所持有本公司股份的46.78%。 本次股份解除质押情况 1.本公司于2025年9月22日收到公司控股股东三安电子的通知，其将质押给浙商银行股份有限公司福州 分行的16,000,000股股份办理了解除质押手续，情况如下： ■ 2.三安电子本次解除质押的股份将根据实际需求确定股权质押融资计划，未来如有变动，公司将按照相 关法律法 ...

Market Overview - On September 23, A-shares experienced a collective decline, with the Shanghai Composite Index dropping by 1.07% during intraday trading [1] - The banking, precious metals, and insurance sectors showed positive performance, while the restaurant, tourism, and internet sectors faced significant declines [1] Chip Sector Performance - The chip sector remained sluggish, with the Chip ETF (159995) down by 2.37% as of 13:13 [1] - Notable declines among component stocks included Shengbang Co. down 4.66%, Cambrian (U) down 4.63%, and Sanan Optoelectronics down 4.25% [1] - However, some individual stocks were active, with Hu Silicon Industry rising by 9.47% and Tuojing Technology increasing by 2.32% [1] Domestic Cloud Computing and Chip Adaptation - On September 16, the president of Tencent Cloud announced that the Tencent Cloud platform has fully adapted to mainstream domestic chips, marking a significant event in the acceleration of "soft and hard integration" and self-sufficiency among major domestic internet companies [1] - According to Jinyuan Securities, the proactive adaptation of domestic AI chips by cloud vendors will enhance the market competitiveness and maturity of domestic chips, promoting self-sufficiency and innovation breakthroughs in China's AI industry chain, which is beneficial for domestic chip manufacturers in the long term [1] Chip ETF Details - The Chip ETF (159995) tracks the Guozheng Chip Index, which includes 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing [1] - Key component companies include SMIC, Cambrian, Changdian Technology, and Northern Huachuang [1] - The corresponding off-market connection funds are A class: 008887; C class: 008888 [1]

本次股份解除质押情况 证券代码：600703 股票简称：三安光电 编号：临 2025-056 三安光电股份有限公司 关于控股股东部分股份解除质押的公告 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法律责任。 重要内容提示: ●厦门三安电子有限公司（以下简称"三安电子"）持有本公司股份数量为 1,213,823,341股，占公司总股本比例为24.33%。三安电子本次办理部分股份解除质 押后，其累计质押股份数量为559,750,000股，占其所持有本公司股份的46.11%。 ●三安电子及其控股股东福建三安集团有限公司（以下简称"三安集团"）合计 持有本公司股份数量为1,470,456,883股，占公司总股本比例为29.47%。本次部分股 份解除质押后，两家累计质押股份数量为687,950,000股，质押股份约占两家所持有 本公司股份的46.78%。 特此公告。 三安光电股份有限公司董事会 2025 年 9 月 23 日 1.本公司于2025年9月22日收到公司控股股东三安电子的通知，其将质押给浙商 银行股份有限公司福州分行的16,000, ...

Group 1 - Sanan Optoelectronics announced that Xiamen Sanan Electronics holds approximately 1.214 billion shares, accounting for 24.33% of the total share capital [1] - After the partial release of share pledges, the total pledged shares amount to approximately 560 million, representing 46.11% of the shares held by Xiamen Sanan Electronics [1] - Together with its controlling shareholder, Fujian Sanan Group, they hold approximately 1.47 billion shares, which is 29.47% of the total share capital [1] Group 2 - Following the partial release of share pledges, the total pledged shares for both entities amount to approximately 688 million, which is 46.78% of the shares they hold [1] - For the fiscal year 2024, the revenue composition of Sanan Optoelectronics is projected to be 71.39% from LED and 28.61% from other businesses [1] - The current market capitalization of Sanan Optoelectronics is 76.3 billion yuan [2]

Company Overview - Sanan Optoelectronics is located in Xiamen, Fujian Province, established on March 27, 1993, and listed on May 28, 1996. The company specializes in the research, production, and sales of compound semiconductor materials and devices [1]. - The main business revenue composition includes: 35.96% from material and waste sales, 30.88% from LED epitaxial chips, 16.68% from integrated circuit products, 15.92% from LED application products, and 0.56% from rent, property, and services [1]. Financial Performance - As of June 30, 2025, Sanan Optoelectronics achieved operating revenue of 8.987 billion yuan, a year-on-year increase of 17.03%. However, the net profit attributable to shareholders decreased by 4.24% to 176 million yuan [2]. - The company has cumulatively distributed 7 billion yuan in dividends since its A-share listing, with 486 million yuan distributed in the past three years [3]. Stock Market Activity - On September 22, the stock price of Sanan Optoelectronics fell by 2.05%, closing at 15.30 yuan per share, with a trading volume of 1.416 billion yuan and a turnover rate of 1.83%. The total market capitalization is 76.332 billion yuan [1]. - Year-to-date, the stock price has increased by 25.92%, with a 1.39% rise over the last five trading days, a 3.66% increase over the last 20 days, and a 23.38% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders is 351,000, a decrease of 8.44% from the previous period. The average circulating shares per person increased by 9.21% to 14,211 shares [2]. - Notably, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders [3].

Core Insights - The article discusses the potential of AR glasses as the next generation of smart computing platforms, following the slowdown in smartphone innovation, highlighting their unique portability and interaction with the real world [1] - The integration of AI, 5G, and spatial computing technologies is transforming human-computer interaction, positioning AR/AI glasses as a key area of future development, attracting major tech companies like Meta, Google, Alibaba, Xiaomi, GoerTek, and Thunderbird [1] Market Potential - According to Wellsenn XR data, global AR glasses sales are projected to reach 151,000 units in Q2 2025, a 40% year-on-year increase, with an expected total of 850,000 units for the year, representing a 70% growth [3] - By 2030, global shipments of AI glasses are anticipated to grow to 80 million units, driven by rapid advancements in AI technology and continuous upgrades in smart glasses hardware [3] Industry Chain Opportunities - The AR glasses industry presents opportunities across the entire value chain, from core components to application scenarios [3] - Micro LED technology is favored for its high resolution and low power consumption, expected to be adopted by multiple AR brands by 2025 [3] - SiC materials are becoming essential for power management in AR glasses due to their superior physical properties [3] Device Manufacturing - The core competitiveness of AR glasses is shifting towards "AI interaction experience," transforming them from passive display tools to active intelligent assistants through the integration of large model technologies [3] Application Scenarios - The demand for AR glasses is growing in both consumer and enterprise sectors, with applications in entertainment, lifestyle services, industrial, medical, and educational fields, demonstrating significant cost reduction and efficiency improvements [3] Micro LED Technology - Micro LED technology is crucial for AR glasses, offering high resolution and a wide color gamut, enhancing the visual experience and supporting the transformation of the display technology landscape [4] SiC Material Advantages - SiC is a new semiconductor material that addresses power supply issues and thermal management challenges, redefining the performance characteristics of AR glasses [6] - It features a high refractive index, allowing for larger field of view with thinner lenses, significantly reducing weight and improving visual clarity [6] - SiC also boasts excellent thermal conductivity and durability, ensuring stable operation and longevity of high-brightness light sources [6] Competitive Landscape - The integration of AR technology with AI is accelerating the penetration of AR glasses into the consumer electronics market, with SiC and Micro LED forming a powerful combination for innovation [8] - Sanan Optoelectronics has established a strong presence in both Micro LED and SiC components, positioning itself to drive the large-scale application of AR glasses [8] - The company has advanced capabilities in Micro LED chip miniaturization and efficiency, achieving industry-leading performance metrics [8] - In the SiC sector, Sanan has developed a vertically integrated manufacturing platform covering multiple stages of the supply chain [8][9] Future Outlook - The competition in the AR glasses market is intensifying, with a need for stable and efficient supply chains impacting product performance, cost, capacity, and delivery [11] - As AR/AI technologies rapidly evolve and application scenarios expand, industry players are exploring differentiated positioning and killer applications to build ecosystems and supply chains [11]

Core Insights - The article highlights the trend of net inflows of main funds into specific stocks, with a total of 56 stocks experiencing net inflows for five consecutive days or more as of September 19 [1] Group 1: Key Stocks with Continuous Net Inflows - Cambrian Biologics-U has the longest streak of net inflows, with 23 consecutive days and a total net inflow of 3.498 billion [1][2] - New Light Optoelectronics follows with 9 consecutive days of net inflows, although the total amount is not specified [1][2] - Other notable stocks include Sanan Optoelectronics with 5 days of net inflows totaling 534 million, and Huazhong Steel with 8 days and 478 million [2] Group 2: Performance Metrics - Cambrian Biologics-U has a cumulative increase of 44.46% during the 23 days of net inflows [2] - The stock with the highest net inflow ratio over the last five days is Taimushi, which has seen a 61.05% increase [1][2] - Other stocks with significant performance include New Microelectronics with a 58.18% increase and Kebo Da with a 32.17% increase over their respective periods of net inflows [2]

Market Overview - The optical and optoelectronic sector experienced a decline of 0.53% on September 18, with Jiuliang Co. leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the optical and optoelectronic sector included: - Yongxin Yuanzi (603297) with a closing price of 119.02, up 10.00% [1] - Wavelength Optoelectronics (301421) at 94.50, up 7.24% [1] - Buxiu Biao (002745) at 9.88, up 6.81% [1] - Conversely, Jiuliang Co. (300808) saw a significant decline of 4.86%, closing at 30.33 [2] - Other notable decliners included: - ST Hengjiu (002808) down 4.67% [2] - Honghe Technology (002955) down 4.56% [2] Capital Flow - The optical and optoelectronic sector experienced a net outflow of 2.143 billion yuan from institutional investors, while retail investors saw a net inflow of 2.086 billion yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional selling and retail buying [2] Individual Stock Capital Flow - TCL Technology (000100) had a net inflow of 3.52 billion yuan from institutional investors, while retail investors experienced a net outflow of 1.39 billion yuan [3] - Sanan Optoelectronics (600703) saw a net inflow of 1.80 billion yuan from institutions, with retail investors also experiencing a net outflow [3] - Other stocks like Jingdongfang A (000725) and Mulin Sen (002745) also showed significant institutional inflows, indicating selective interest from larger investors [3]

Core Viewpoint - Sanan Optoelectronics announced the release of 30,000,000 shares pledged to Zheshang Bank, representing 2.47% of the shares held by its controlling shareholder and 0.60% of the company's total share capital [2] Group 1 - The controlling shareholder, Xiamen Sanan Electronics Co., Ltd., notified the company about the pledge release on September 17, 2025 [2] - The shares being released from pledge are significant as they represent a portion of the controlling shareholder's stake [2]