7月29日晚间，华勤技术发布公告，宣布公司已与力晶创新投资控股股份有限公司正式签署《股份转让 协议》。依据协议约定，华勤技术将以现金支付的方式，协议受让力晶创投所持有的晶合集成1.2亿股 股份，这部分股份占晶合集成总股本的6.00%。此次股份转让价格确定为19.88元/股，经计算，转让总 价高达人民币23.93亿元。 到了今年，华勤技术似乎又再度进入高速发展期。据其初步核算数据显示，2025年上半年度，华勤技术 预计实现营业收入830亿元到840亿元，同比增长幅度高达110.7%到113.2%；预计实现归属于上市公司 股东的净利润18.7亿元到19.0亿元，同比增长44.8%到47.2%。 值得一提的是，晶合集成近期业绩表现同样可圈可点。晶合集成近期披露的业绩预告显示，今年上半年 预计实现营收50.7亿元至53.2亿元，同比增长15.29%至20.97%；预计取得归母净利润2.6亿元至3.9亿 元，同比增长39.04%至108.55%。 此外，值得关注的是，华勤技术近期存在一则大额减持的动态。7月25日晚间，公司公告称，海南勤沅 创业投资合伙企业(有限合伙)等公司员工持股平台，计划在15个交易日后的3个月内， ...

2025年第一季度，华勤技术营业收入为349.98亿元，同比增长115.65%；归属于上市公司股东的净利润 为8.42亿元，同比增长39.04%；归属于上市公司股东的扣除非经常性损益的净利润7.61亿元，同比增长 43.55%；经营活动产生的现金流量净额-14.10亿元，上年同期为9.90亿元。 | 项目 | 本报告期 | 上年同期 | 本报告期比上年同 期增减变动幅度 | | --- | --- | --- | --- | | | | | (%) | | 营业收入 | 34.997.696.296.08 | 16. 228. 944. 864. 97 | 115. 65 | | 归属于上市公司股东的净利 | 841. 991. 186. 77 | 605.553.229.57 | 39.04 | | 润 | | | | | 归属于上市公司股东的扣除 | 760. 704. 356. 67 | 529. 911. 151. 95 | 43. 55 | | 非经常性损益的净利润 | | | | | 经营活动产生的现金流量净 | -1. 409. 805. 028. 32 | 990.083.374.62 | - ...

Group 1: Company Performance - Shijia Photon reported a revenue increase of 121.12% year-on-year to 993 million yuan and a net profit surge of 1712% to 217 million yuan, setting a record in the A-share technology sector [1] - The company's optical chip and device orders increased by 237%, indoor optical cable business grew by 189%, and high polymer materials business rose by 145% [1] - Weigao's net profit is expected to grow by 12.55%-30.87% year-on-year, with the second quarter showing a turnaround from loss to profit [2] - Industrial Fulian's net profit is projected to reach 11.958-12.158 billion yuan for the first half of the year, with the second quarter alone expected to exceed the entire profit of 2024 [3] Group 2: Industry Trends - The AI technology wave is reshaping global industry patterns, with the Chinese AI industry expected to reach 398.5 billion yuan by 2025 and surpass one trillion yuan by 2030 [4] - The demand for AI servers is driving exponential growth in the PCB sector, with Weigao's 32-layer ultra-thick copper board meeting the power supply needs of Nvidia's GB200 super chip [2] - The AI server business of Industrial Fulian has reached a revenue share of 43%, an increase of 28 percentage points from 2024 [3] - The AI revolution is expected to surpass the depth of the mobile internet era, with significant increases in demand for computing power, storage, and transmission [4] Group 3: Market Position - Shijia Photon's 800G optical module holds a 23% share of the global market, while Huaqin Technology's AI PC shipments account for 17% globally [4] - Industrial Fulian's AI server market share has surpassed 15%, closely following Supermicro [4] - The Chinese AI chip shipment volume increased by 243% year-on-year in the first half of 2025, with the smart computing power scale accounting for 38% of the global market, up 9 percentage points from 2024 [4]

Macro News - The International Monetary Fund (IMF) has significantly raised China's economic growth forecast for this year by 0.8 percentage points to 4.8%, reflecting stronger-than-expected economic activity in the first half of the year and lower actual tariff rates compared to previous predictions [4] - In the first half of the year, state-owned enterprises in China reported total operating revenue of 4,074.96 billion yuan, a year-on-year decrease of 0.2%. Their total profit amounted to 218.25 billion yuan, down 3.1% year-on-year, and tax payments were 300.26 billion yuan, a decline of 0.8% [4] Industry News - Hong Kong's "Stablecoin Regulation" will come into effect on August 1, with the Hong Kong Monetary Authority releasing five regulatory documents for licensed stablecoin issuers [7] - The China Photovoltaic Industry Association issued a statement refuting claims made by some media regarding "anti-involution" in the photovoltaic industry, particularly concerning polysilicon, stating that the reports were severely inconsistent with actual conditions [7] Company News - WuXi AppTec announced an adjustment to its share repurchase price ceiling to no more than 114.15 yuan per share [11] - The PCB industry is experiencing a significant improvement in market conditions compared to the same period last year, especially for high-end products, with strong demand and rising prices [9] - Changchun High-tech announced that its innovative drug, Amlodipine Besylate Oral Solution, has received approval from the FDA for market launch in the United States [12]

Group 1: Company Performance - Shijia Photon reported a revenue of 993 million yuan for the first half of 2025, a year-on-year increase of 121.12%, and a net profit of 217 million yuan, up 1712% [1] - Willgo expects a net profit of 43 to 50 million yuan for the first half of 2025, representing a year-on-year growth of 12.55% to 30.87% [2] - Huaqin Technology anticipates revenue between 83 to 84 billion yuan, a year-on-year increase of 110.7% to 113.2%, and a net profit of 1.87 to 1.90 billion yuan, up 44.8% to 47.2% [2] - Industrial Fulian expects a net profit of 11.958 to 12.158 billion yuan for the first half of 2025, a year-on-year increase of 36.84% to 39.12% [3] Group 2: Industry Trends - The growth in performance for these companies is primarily driven by the rapid development of artificial intelligence, leading to increased demand in various sectors [1][2][3] - The AI server revenue for Industrial Fulian grew over 60% year-on-year, with cloud service server revenue increasing by more than 1.5 times compared to the previous year [3] - The Chinese AI industry is expected to experience explosive growth, with projections indicating a rise from 398.5 billion yuan to 1.7295 trillion yuan from 2025 to 2035, reflecting a compound annual growth rate of 15.6% [3]

Group 1 - Company signed a share transfer agreement with Liching Innovation Investment Holdings to acquire 120,368,109 shares of Jinghe Integrated, representing 6.00% of its total share capital, at a price of 19.88 yuan per share, totaling 2.39 billion yuan [1] - After the transaction, the company will nominate one director to Jinghe Integrated and commit to not transferring shares for 36 months, signaling a strong strategic collaboration [1] - This marks the company's first foray into the semiconductor wafer manufacturing sector, enhancing its technological strength and product competitiveness [1] Group 2 - Company expects to achieve operating revenue of 83 billion to 84 billion yuan for the first half of 2025, a year-on-year increase of 110.7% to 113.2%, with a net profit of 1.87 billion to 1.90 billion yuan, reflecting a growth of 44.8% to 47.2% [2] - The growth is driven by the surge in demand for smart hardware amid global digital transformation and AI trends, supported by the company's "3+N+3" product matrix [2] - Jinghe Integrated, a leading domestic semiconductor wafer manufacturer, is expected to achieve operating revenue of 5.07 billion to 5.32 billion yuan for the first half of 2025, with a year-on-year growth of 15.29% to 20.97% [3] Group 3 - The company’s strategic move into wafer manufacturing is a natural extension of its core capabilities in efficient operations, research and development, advanced manufacturing, and precision components [3] - Previous acquisitions have strengthened the company's position in smart terminal components and expanded its global customer base [3] - The entry into the wafer manufacturing sector is part of the company's strategy to solidify its supply chain and enhance competitiveness [3]

分组1 - Shijia Photon reported a revenue of 993 million yuan for the first half of the year, a year-on-year increase of 121.12% [1] - The net profit attributable to shareholders reached 217 million yuan, reflecting a significant year-on-year growth of 1712% [1] - The company has successfully developed new products for data centers and AI computing, including high-power CWDFB lasers and high-temperature FAU devices [1] 分组2 - Hunan Tianyan announced that China Changan Automobile has become its indirect controlling shareholder after a division of the Weaponry Equipment Group [2] - Following the division, China Changan Automobile holds 37.25% of Hunan Tianyan through Chen Zhi Group, maintaining the actual controller as the State-owned Assets Supervision and Administration Commission [2] 分组3 - Dong'an Power stated that its indirect controlling shareholder has changed to China Changan Automobile after the division of the Weaponry Equipment Group [2] - China Changan Automobile now holds 50.93% of Dong'an Power's total shares through Chen Zhi Group [2] 分组4 - Wantong Intelligent signed an exclusive authorization agreement with Shanghai Shenming Aosi Semiconductor Technology, allowing it to produce and sell boards based on the Fellow 1 model chip for five years [3] - This collaboration is expected to positively impact the company's future operations and aligns with its long-term development strategy [3] 分组5 - WuXi AppTec plans to adjust the upper limit for its share repurchase price from 90.72 yuan to 114.15 yuan per share [4] 分组6 - Xinya Electronics reported that the revenue from high-frequency and high-speed copper cable connectors accounted for only 3.31% of its total revenue as of the 2024 annual report [5] - The company experienced abnormal stock trading fluctuations with a cumulative price deviation exceeding 20% over three consecutive trading days [5] 分组7 - Huajin Technology plans to acquire 6% of Crystal Integrated's shares for a total price of 2.393 billion yuan, with a transfer price of 19.88 yuan per share [6] - This transaction does not constitute a related party transaction or a major asset restructuring [6] 分组8 - Fangbang Co. reported that the sales revenue from its peelable copper products accounted for less than 0.3% of its main business revenue in the first half of the year [8] - The company is monitoring potential market demand increases due to the adoption of CoWoP technology by leading overseas companies [8]

晶合集成的业绩同样优异。公开数据显示，其预计2025年上半年收入达到50.7亿元至53.2亿元，同比增 长15.3%至21.0%；预计2025年上半年归母净利润达到2.6亿元至3.9亿元，同比增长达39.0%至109.6%。 （文章来源：证券日报） 本报讯 （记者张文湘）7月29日，华勤技术股份有限公司（以下简称"华勤技术"）宣布，已完成对合肥 晶合集成电路股份有限公司（以下简称"晶合集成"）6%股权的战略投资，交易金额达到23.9亿元，本次 交易完成后华勤技术将向晶合集成提名董事1名，并通过"董事席位+长期锁定"双重机制，向市场释放出 双方深度战略协同的强烈信号。这是华勤技术首次将产业触角延伸至晶圆制造领域，此次布局，不仅延 续了华勤技术一直以来向产业链上游拓展和协同的战略，更向产业链核心环节深入，将增强技术实力与 产品竞争力，提高经营韧性与抗风险能力。 亮眼的业绩表现为此次24亿元的股权投资奠定了坚实的"安全垫"。就在两周前，华勤技术披露的2025年 半年度经营数据显示，公司预计实现营业收入830亿元至840亿元，同比激增110.7%至113.2%；归母净 利润18.7亿元至19.0亿元，同比增幅达44. ...

Key Points - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors [2] Major Events - Xizang Tianlu experienced significant abnormal fluctuations in the trading of its convertible bonds, with a cumulative price increase exceeding 100% over seven trading days, leading to a closing price of 481.80 CNY per bond, representing a premium of 381.80% over the face value [3][4] - Huqin Technology plans to acquire 6% of Jinghe Integrated's shares for 2.393 billion CNY, with a transfer price of 19.88 CNY per share [4][5] - Liyuan Technology's actual controller received a criminal judgment for violating information disclosure regulations, resulting in a one-year prison sentence with a one-and-a-half-year probation and a fine of 3.3 million CNY [6] - Huashi Technology's general manager had the detention measures lifted, allowing him to resume his duties [7] - Dongfang Materials' chairman resigned for personal reasons but will continue as a board member [8] - WuXi AppTec adjusted its share repurchase price limit to a maximum of 114.15 CNY per share [9] - ST Haihua's subsidiary plans to acquire 100% of Lixin Dingsheng for 43 million CNY [10] - Xizang Tourism clarified that it has not engaged in business cooperation related to the Yarlung Tsangpo River project amid stock price volatility [11][12] - Yabont Chemical decided to terminate its planned external investment in Gansu Haotian Technology [13] - Zhongbei Communication's subsidiary terminated its acquisition of a 55% stake in PT. Semesta Energi Services due to unmet conditions [14] - Quzhou Development plans to purchase shares of Xiandai Electronics and raise matching funds, leading to a temporary stock suspension [15] - Shenli Co. terminated its control change plan due to the buyer's failure to pay the agreed transaction price [16] Performance Reports - Greenland Holdings reported a 16.93% year-on-year increase in contract sales amounting to 21.752 billion CNY in Q2 2025 [17][18] - Lujiazui's net profit for the first half of 2025 was 815 million CNY, a decrease of 7.87% year-on-year [19] - Hongfa Co. achieved a net profit of 964 million CNY in the first half of 2025, reflecting a 14.19% increase [20] - Nanya New Materials expects a net profit increase of 44.69% to 71.82% in the first half of 2025 [21] - ST Tianwei anticipates a significant net profit increase of approximately 2064.85% year-on-year [22] - Fudan Microelectronics expects a net profit decrease of 39.67% to 48.29% in the first half of 2025 [23][24] - Sains expects a net profit decrease of 57.53% to 60.13% despite revenue growth [25] - Baotai anticipates a net loss reduction of 110 million to 140 million CNY in the first half of 2025 [26] Major Contracts - China CNR signed several major contracts totaling approximately 32.92 billion CNY [27] - Wantong Intelligent Control entered into an exclusive authorization agreement in the embodied intelligence field [28] - Anhui Construction won a bid for a highway concession project with an estimated total investment of 3.614 billion CNY [29] - Tiantian Technology's subsidiary signed a procurement order worth 400 million CNY for copper-lithium composite strips [30] - Daoshi Technology signed a strategic cooperation agreement related to humanoid robots [31] Shareholding Changes - Suzhou Planning's shareholders plan to reduce their holdings by up to 4.5% [32] - Jiahe Meikang's shareholder plans to reduce holdings by up to 3% [33] - Huaye Fragrance's controlling shareholder plans to reduce holdings by up to 3% [34] - Lanfeng Biochemical's shareholder plans to reduce holdings by up to 2.61% [35] - Anji Food's actual controller plans to reduce holdings by up to 2% [37] - Saiwei Electronics' National Integrated Circuit Fund reduced its holdings by 1.06% [38] - Lakala's Lenovo Holdings reduced its holdings by 535,960 shares [39] Share Buybacks - Shima Power plans to repurchase shares worth 300 million to 400 million CNY [40]

Core Viewpoint - The partnership between Huaqin Technology and Jinghe Integrated is expected to disrupt the industry chain dynamics, with Huaqin acquiring a 6% stake in Jinghe for 2.393 billion yuan, enhancing collaboration in the semiconductor sector [1][2]. Group 1: Company Overview - Huaqin Technology is a leading global smart product platform company, providing end-to-end services from product development to operational manufacturing, and is a major supplier for well-known domestic and international brands [2][4]. - Jinghe Integrated is a rapidly growing wafer foundry, ranked ninth globally among wafer foundries as of Q1 2025, and is the third-largest in mainland China, following SMIC and Hua Hong [5]. Group 2: Strategic Implications - The share transfer will allow Huaqin to nominate one director to Jinghe's board, indicating a deeper strategic partnership aimed at enhancing market opportunities and customer service [2][3]. - Huaqin's investment is based on confidence in Jinghe's future development and long-term investment value, aiming to integrate resources and enhance competitive positioning within the industry [4].