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].

一个是手机、笔记本、服务器代工巨头，一个是冲进全球前十的晶圆代工新锐。华勤技术 （603296.SH，股价85.78元，市值871.31亿元）市值超870亿元，晶合集成（688249.SH，股价22.23元， 市值445.96亿元）市值约446亿元，两者"牵手"，能否搅动产业链格局？ 华勤技术承诺通过本次协议转让取得的晶合集成股份，以长期投资为目的，自交割日起36个月内不对外 转让。 7月29日晚间，华勤技术、晶合集成双双披露公告称，华勤技术与晶合集成股东力晶创投签署《股权转 让协议》，力晶创投拟将其持有的晶合集成6%股份转让给华勤技术，转让总价款为23.93亿元。本次股 份转让完成后，华勤技术将持有晶合集成6%股份，并将向其提名1名董事。记者注意到，当下，华勤技 术因代工英伟达H20服务器而广受市场追捧。两大巨头"牵手" 据了解，本次权益变动前，力晶创投持有晶合集成19.08%的股份，此次权益变动后，力晶创投将持有 晶合集成13.08%的股份，而华勤技术持有晶合集成6%股份。 封面图片来源：视觉中国-VCG211322973159 目前华勤技术市值大幅超过闻泰科技。截至7月29日收盘，华勤技术市值超870亿 ...

Group 1: Share Buybacks and Acquisitions - WuXi AppTec plans to adjust the maximum repurchase price of its shares to no more than 114.15 yuan per share from the previous limit of 90.72 yuan per share, while other details of the repurchase plan remain unchanged [2] - ST Haihua's subsidiary intends to acquire 100% equity of Lvxin Dingsheng for 43 million yuan, citing the favorable development prospects of the natural gas industry [3] - Shenneng Power plans to repurchase shares for 300 million to 400 million yuan, with a maximum repurchase price of 38 yuan per share [4] - Huaneng Technology intends to acquire 6% of Jinghe Integrated's shares for 23.93 million yuan, with a transfer price of 19.88 yuan per share [7] Group 2: Financial Performance - Shijia Photon reported a net profit of 217 million yuan for the first half of 2025, a year-on-year increase of 1712%, with revenue of 993 million yuan, up 121.12% [5] - Enhua Pharmaceutical achieved a net profit of 700 million yuan in the first half of 2025, a year-on-year increase of 11.38%, with revenue of 3.01 billion yuan, up 8.93% [13] - Guangzhi Technology reported a net profit of 23.99 million yuan for the first half of 2025, marking a turnaround from losses, with revenue of 1.02 billion yuan, up 78.2% [10] Group 3: Market Activities and Listings - Binhua Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange, currently discussing specific details with relevant intermediaries [8] - Tubaobao's subsidiary, Dehua Tubaobao Investment Management, holds a 2.05% stake in Hanhai Group, which is set to be listed on the Shenzhen Stock Exchange [12] - Changchun Gaoxin's subsidiary has received FDA approval for a hypertension drug, expanding its market presence in the U.S. [13]

（文章来源：证券日报） 证券日报网讯 7月29日晚间，华勤技术发布公告称，公司第二届董事会第十六次会议审议通过了《关于 公司拟协议受让晶合集成部分股份的议案》。 ...

证券日报网讯 7月29日晚间，华勤技术发布公告称，公司第二届监事会第十三次会议审议通过了《关于 公司拟协议受让晶合集成部分股份的议案》。 （文章来源：证券日报） ...

Group 1 - Company Huqin Technology announced a strategic investment of 2.39 billion yuan for a 6% stake in Anhui Jinghe Integrated Circuit Co., marking its first foray into the semiconductor wafer manufacturing sector [1] - The investment will allow Huqin Technology to nominate one director to Jinghe and includes a commitment not to transfer shares for 36 months, signaling strong strategic collaboration [1] - This move aligns with Huqin's strategy to extend its reach into upstream sectors of the industry, enhancing its technological capabilities and product competitiveness [1] Group 2 - Huqin Technology expects to achieve operating revenue of 83 billion to 84 billion yuan for the first half of 2025, representing a year-on-year increase of 110.7% to 113.2% [2] - The company's net profit attributable to shareholders is projected to be between 1.87 billion and 1.90 billion yuan, with a year-on-year 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 Huqin's "3+N+3" product matrix [2] Group 3 - Jinghe Integrated Circuit reported revenue of 5.07 billion to 5.32 billion yuan for the first half of 2025, reflecting a year-on-year growth of 15.3% to 21.0% [3] - The company's net profit attributable to shareholders is expected to be between 260 million and 390 million yuan, with a significant year-on-year increase of 39.0% to 109.6% [3] - Jinghe's rapid iteration of manufacturing processes and product expansion, including the mass production of 40nm display driver chips and 55nm CIS chips, indicates strong growth momentum in the context of domestic semiconductor industry replacement [3] Group 4 - Huqin Technology's investment in Jinghe is a strategic extension of its core capabilities in ODM, focusing on efficient operations, research and development, advanced manufacturing, and precision components [3] - Previous acquisitions by Huqin, such as Huayu Precision and Yiluda Holdings, have strengthened its competitive position in smart terminal components and acoustic modules, respectively [3] - The entry into wafer manufacturing is seen as a practical implementation of Huqin's supply chain consolidation and competitive enhancement strategy [3]

Core Viewpoint - Company Huqine Technology has signed a share transfer agreement to acquire 6% of Crystal Integrated (688249) for a total price of 2.39 billion yuan, marking its first foray into the semiconductor wafer manufacturing sector [1] Group 1: Investment Details - The share transfer price is set at 19.88 yuan per share, with a total transaction value of 2.39 billion yuan [1] - Following the transaction, Huqine Technology will nominate one director to Crystal Integrated and commit to a 36-month lock-up period for the shares [1] Group 2: Strategic Implications - This investment extends Huqine Technology's reach into the semiconductor industry, aligning with its strategy to expand upstream in the supply chain [1][4] - The move is expected to enhance the company's technological capabilities and product competitiveness, thereby improving operational resilience [1] Group 3: Crystal Integrated's Performance - Crystal Integrated anticipates revenue of 5.07 billion to 5.32 billion yuan for the first half of 2025, representing a year-on-year growth of 15.3% to 21% [2] - The company projects a net profit of 260 million to 390 million yuan for the same period, with a significant year-on-year increase of 39% to 108.6% [2] - Crystal Integrated is set to achieve mass production of its 40nm high-voltage OLED display driver chips and 55nm CIS chips in the first half of 2025 [2] Group 4: Huqine Technology's Financial Outlook - Huqine Technology expects to report revenue between 83 billion to 84 billion yuan for the first half of 2025, reflecting a substantial year-on-year growth of 110.7% to 113.2% [3] - The projected net profit for the same period is between 1.87 billion to 1.9 billion yuan, indicating a year-on-year increase of 44.8% to 47.2% [3] - The company benefits from the ongoing digital transformation and AI boom, positively impacting its operations across various sectors [3]

华勤技术（SH 603296，收盘价：85.78元）7月29日晚间发布公告称，公司第二届第十六次董事会会议 于2025年7月29日以现场和视频通讯相结合的方式召开。会议审议了《关于公司拟协议受让晶合集成部 分股份的议案》等文件。 （文章来源：每日经济新闻） 2024年1至12月份，华勤技术的营业收入构成为：高性能计算占比57.54%，智能终端占比32.14%，其他 业务占比4.65%，AIoT及其他占比4.25%，汽车及工业产品占比1.42%。 ...

Group 1 - The core point of the article is that Lichuang Venture intends to transfer 120 million shares of Jinghe Integrated (688249.SH), representing 6.00% of the total share capital, to Huqin Technology at a price of 19.88 yuan per share [1] - After the transfer, Huqin Technology will hold 120 million shares of the company, also accounting for 6.00% of the total share capital [1]