5月25日晚，海光信息、中科曙光双双发布公告，二者正在筹划由海光信息通过向中科曙光股东发行A 股股票的方式换股吸收合并中科曙光，并发行A股股票募集配套资金。两家公司股票于5月26日起停 牌，预计不超过10个交易日。 每经记者｜陈晨 每经编辑｜赵云 消息引发市场持续关注，原因在于，若交易成功，国产算力产业将迎来"航母级"巨头。目前两家公司复 牌在即，市场上看好此次并购重组的投资者都在积极寻找参与途径。 不过，《每日经济新闻》记者注意到一个细节——交易完成后，原中科曙光的中小投资者将转换为海光 信息的股东。但由于海光信息是科创板公司，那些不具备科创板股票交易权限的原中科曙光股东，将如 何处置其换股后获得的海光信息股票？ "最近很多投资者都在咨询这个问题，比较普遍。"海光信息相关人士表示，开盘后不必担心交易问题。 不管是监管，还是公司，都关注到了这个问题，但具体的解决方案将在相关草案或公告中明确。 依据现有法规，作为中介机构的券商如何看待这一衔接问题？另外，当A股上市公司退市并进入全国股 转系统两网及退市公司板块（"老三板"）挂牌后，原股东如何在老三板交易其股票？是否也需要专门开 通"退市板块"的交易权限呢？ 本文 ...

近日，信息技术领域内海光信息、中科曙光两大算力企业合并重组事件引发资金关注，不少资金借助两只股票权重占比较高的ETF间接布局，期 间信创ETF获得资金抢筹，规模翻倍增长。然而，不可忽视的是，停牌期间ETF无法补券，随着规模增长，ETF实际持仓中，这两个股票权重存在 大幅摊薄风险。近日，管理人也发布了风险提示公告。 6月6日，A股主要指数震荡调整，AI算力方向冲高回落，截至13：55，信息技术ETF(562560)跌0.08%，盘中频现溢价。持仓股石基信息、生益电 子、星宸科技、兆易创新等领涨。 上海证券表示，此次海光信息吸收合并算力巨头中科曙光交易也宣告中科系资产加速整合，响应国家打造优质科技领军企业的战略目标。同时两 公司均表示此次合并是为了抢抓以AI为代表的信息产业发展新机遇。目前，大模型训推场景依然需要大量算力需求，尤其是随着AI应用规模落地 之后，算力需求有望保持增长。 如果看好算力产业发展及信息技术产业级发展机遇，不妨关注信息技术ETF(562560)。资料显示，信息技术ETF(562560)跟踪中证全指信息指数， 海光信息、中科曙光分别位居该指数第5、9大成分股，合计权重近5%。此外，该ETF电子 ...

截至2025年6月6日 13:07，中证数字经济主题指数(931582)下跌0.33%。成分股方面涨跌互现，兆易创新 (603986)领涨5.50%，江波龙(301308)上涨2.18%，深信服(300454)上涨1.83%；德赛西威(002920)领跌 2.30%，华大九天(301269)下跌2.11%，同花顺(300033)下跌1.69%。数字经济ETF(560800)下跌0.26%， 最新报价0.75元，成交684.48万元。（以上所列示股票为指数成份股，仅做示意不作为个股推荐。过往 持仓情况不代表基金未来的投资方向，也不代表具体的投资建议，投资方向、基金具体持仓可能发生变 化。市场有风险，投资需谨慎。) 恒泰证券表示，此次并购重组标志着中国算力产业链整合进入实质性阶段，预计市场后期将更加关注科 技+并购重组主线。国泰海通证券认为，重组新规发布，有望进一步激发并购重组市场活力，加速计算 机板块在数字化转型需求推动下带来的细分领域整合。 5月26日，海光信息与中科曙光双双发布公告，宣布拟进行战略重组。海光信息将通过向公司全体A股 换股股东发行A股股票的方式换股吸收合并中科曙光，同时发行A股股票募集配套资金 ...

Group 1 - The core viewpoint of the news highlights the rising interest in the Xinchuang sector, driven by significant events such as the merger of Haiguang Information and Zhongke Shuguang, with the E Fund Xinchuang ETF (159540) tracking the National Index of Information Technology Innovation showing continuous gains and potential for a three-day rise [1] - On May 26, Haiguang Information announced plans to merge with Zhongke Shuguang through a combination of share issuance and cash payment, with Haiguang being a leader in domestic CPU and AI chips, while Zhongke focuses on servers, storage, and cybersecurity equipment [1] - The merger is expected to accelerate domestic substitution due to technology integration, optimizing product performance and production efficiency, particularly in AI server production and related components [1] - The integration is anticipated to promote the industry's shift towards a "chip + computing power ecosystem" model, enhancing the overall computing ecosystem as demand for domestic models increases [1] Group 2 - The National Index of Information Technology Innovation selects companies from the Shanghai, Shenzhen, and North exchanges that operate in foundational hardware, software, application software, and information security, reflecting the price changes of securities in the information technology innovation sector [2] - Investors can also access investment opportunities in the Xinchuang sector through the E Fund National Index of Information Technology Innovation Theme ETF linked funds (A/C: 020403/020404) [2]

Group 1 - The core point of the news is the strategic merger between Zhongke Shuguang and Haiguang Information, marking the first absorption merger between listed companies under the new merger and acquisition regulations in China [1] - The merger aims to enhance technological synergy and strengthen ecological advantages, with Zhongke Shuguang's expertise in high-end computing, storage, and cloud computing complementing Haiguang Information's focus on domestic architecture CPUs and core chip design [1] - The merger is expected to optimize the industrial layout from chips to software and systems, consolidating high-quality resources across the information industry chain and leveraging the leading role of the merged entity [1] Group 2 - During the suspension of trading, related ETFs have attracted attention, with significant capital inflow, such as over 15 million yuan into the Information Technology ETF (562560) [2] - The ETF tracks the CSI All-Share Information Index, where Haiguang Information and Zhongke Shuguang rank as the 5th and 9th largest constituent stocks, respectively, accounting for nearly 5% of the index [2] - The merger signals a substantial phase in the consolidation of China's computing power industry chain, with expectations for increased focus on technology and merger integration in the market [2]

Group 1 - The A-share market opened higher on June 5, with the CSI Computer Theme Index rising by 0.64%, driven by significant gains in stocks like Guangdian Yuntong and Langxin Group, which increased by over 3% [1] - The Computer ETF (159998) also opened positively, increasing by 0.35% with a premium rate of 0.40%, indicating active trading [1] - The Computer ETF has seen substantial capital inflow, with over 28 million yuan net inflow on the previous day, marking it as the top product in its category, and it has recorded net inflows for 13 consecutive trading days [1] Group 2 - The Computer ETF tracks the CSI Computer Theme Index, which includes stocks from sectors such as information technology services, application software, system software, and computer hardware [1] - The top ten holdings of the ETF as of March 31 include leading companies like Hikvision, Zhongke Shuguang, and Keda Xunfei, with Zhongke Shuguang accounting for 6.86% of the fund's net value [1] - Zhongyuan Securities anticipates a continuation of structural market trends in June, focusing on sectors like computers, components, electronics, and communications, alongside defensive sectors such as banks and coal [2]

Group 1 - The core viewpoint of the article highlights the strategic restructuring plans of Haiguang Information and Zhongke Shuguang, which has attracted market attention towards the Xinchuang-themed ETFs [1] - From May 26 to June 4, a total of 1.406 billion yuan net inflow was recorded in seven Xinchuang-themed ETFs, with a net inflow of 156 million yuan on the previous day [1] - Haiguang Information and Zhongke Shuguang's A-share stocks have been suspended since May 26, with an expected resumption of trading no later than June 9, indicating a suspension period of no more than 10 trading days [1]

Group 1 - The core point of the news is the strategic restructuring announcement between Haiguang Information and Zhongke Shuguang, where Haiguang will absorb and merge Zhongke through a share exchange and raise supporting funds by issuing A-shares [1] - Zhongke Shuguang is a leading enterprise in China's server and computing infrastructure sector, listed on the Shanghai Stock Exchange since November 6, 2014 [1] - Haiguang Information is a leading company in China's CPU and GPU (AI chip) market, having been listed on the Sci-Tech Innovation Board on August 12, 2022 [1] Group 2 - The suspension period for trading is set to be no more than 10 trading days, with the latest resumption date being June 9, indicating a potential resumption of trading this week [1] - According to Minsheng Securities, the merger will enhance Haiguang's system integration capabilities, promoting the large-scale application of domestic chips in key industries such as government, finance, telecommunications, and energy [1] - The news suggests investment opportunities in technology mergers and acquisitions, particularly in the computing power industry, with a recommendation to pay attention to the Information Technology ETF (562560), which tracks the CSI All-Share Information Index [1]

Core Viewpoint - The merger between domestic CPU leader Haiguang Information and server giant Zhongke Shuguang is set to create a semiconductor giant with a market value exceeding 400 billion, akin to the "South-North Car" merger in the tech industry [1] Group 1: Merger Details - The merger is a strategic move to solidify the long-term development of both companies, enhancing profit through scale effects and improving the quality and efficiency of the listed companies [2] - The integration will optimize the industrial layout from chips to software and systems, leveraging high-quality resources across the information industry chain [2][3] - Haiguang Information and Zhongke Shuguang have a complementary relationship, with the former excelling in core chip design and the latter in high-end computing and server systems [3] Group 2: Strategic Importance - The merger aligns with national policies encouraging consolidation in the "hard technology" sector, making it the first major deal under the new merger regulations [3] - The combined entity will cover the entire domestic production chain from chips to cloud computing, addressing the critical need for supply chain security and technological independence [3][4] Group 3: Market Positioning - The merger positions the new entity to compete effectively in the x86 market, which currently holds 80% of China's data center share, while also addressing long-term security needs through ARM architecture [5][7] - The integration of Haiguang's x86 ecosystem with Zhongke's existing partnerships with domestic chip companies like Cambricon and Loongson will create a unique "computing power triangle" [4] Group 4: Challenges and Future Outlook - The merger faces potential integration challenges due to the differing market approaches of Haiguang as a market-driven entity and Zhongke as a state-owned enterprise, which may complicate the unification of their operations [8] - The success of the merger will depend on the ability to balance technological development with commercial viability, as well as navigating the complexities of the domestic and international semiconductor landscape [8][9] - The merger could trigger a wave of consolidation in the domestic semiconductor industry, indicating the beginning of intensified competition for market positioning [9]

关于筹划重大资产重组停牌进展公告 证券代码：603019 证券简称：中科曙光 公告编号：2025-037 曙光信息产业股份有限公司 特此公告。 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。 曙光信息产业股份有限公司董事会 曙光信息产业股份有限公司（以下简称"公司"或"中科曙光"）与海光信息技术股份 有限公司（以下简称"海光信息"）正在筹划由海光信息通过向中科曙光全体A股换股股东发 行A股股票的方式换股吸收合并中科曙光并发行A股股票募集配套资金（以下简称"本次重 组"）。根据上海证券交易所的相关规定，经公司申请，公司A股股票（证券简称：中科曙光， 证券代码：603019）自2025年5月26日（星期一）开市起停牌，具体内容详见公司于2025年5 月26日在上海证券交易所网站（www.sse.com.cn）披露的《曙光信息产业股份有限公司关于 筹划重大资产重组的停牌公告》（公告编号：2025-036）。 2025年5月31日 截至本公告披露之日，公司以及有关各方正在按照《上市公司重大资产重组管理办法》 及其他有关规定积极组织推进本 ...