Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]

Core Viewpoint - The digital economy theme index and related stocks have shown strong performance, driven by advancements in AI technology and domestic chip production [1][2]. Group 1: Market Performance - As of September 18, 2025, the CSI Digital Economy Theme Index (931582) rose by 3.66%, with key stocks like Dahua Technology (002236), Rockchip (603893), and Keda Technology (603786) each increasing by 10.00% [1]. - The Digital Economy ETF (560800) increased by 3.51%, with a latest price of 1.06 yuan, and a trading volume of 19.89 million yuan [1]. - The average daily trading volume of the Digital Economy ETF over the past week was 40.59 million yuan [1]. Group 2: Industry Developments - The 2025 Tencent Global Digital Ecosystem Conference highlighted advancements in AI technology and products, with Tencent announcing full compatibility with mainstream domestic chips [1]. - The trend towards domestic chip production is expected to continue due to security concerns, especially following the U.S. listing of several Chinese semiconductor companies on the entity list [1]. - The demand for computing power driven by AI is significantly increasing, enhancing the value of components such as servers, AI chips, optical chips, memory, and PCBs [2]. Group 3: GPU Market Insights - The domestic GPU market is projected to grow significantly, with Nvidia's revenue in mainland China for 2024 estimated at approximately 17.1 billion USD, translating to over 100 billion yuan [2]. - The domestic GPU market is expected to reach a scale of over 100 billion yuan, with production ramping up [2].

Group 1 - The smart driving concept experienced a significant surge in early trading on September 18, with multiple companies seeing substantial gains [1] - Dezhong Automobile reached the daily limit up, indicating strong investor interest and confidence in the sector [1] - Other companies such as Kobot, China Automotive Technology and Research Center, Guangyang Co., and others also hit the daily limit up, reflecting a broad rally in the smart driving industry [1]

Group 1 - The stock of Kebo Da has hit the daily limit up for three consecutive trading days, with a current price of 84.17 yuan and a trading volume of 1.8264 million shares, amounting to a transaction value of 154 million yuan [2] - During the consecutive limit-up period, the stock has increased by 33.10%, with a cumulative turnover rate of 4.45% [2] - The latest total market capitalization of A-shares has reached 33.993 billion yuan [2] Group 2 - As of September 17, the margin trading balance for Kebo Da is 261 million yuan, with a financing balance of 260 million yuan, reflecting a day-on-day increase of 87.68 million yuan, a growth of 50.96% [2] - Over the past three days, the margin trading balance has increased by 98.4628 million yuan, representing a growth of 61.06% [2] - The stock has appeared on the Dragon and Tiger list due to a cumulative deviation of 20% in its price over three trading days, with institutional net purchases amounting to 55.1916 million yuan [2] Group 3 - Kebo Da reported a revenue of 3.047 billion yuan for the first half of the year, marking a year-on-year growth of 11.10%, and a net profit of 451 million yuan, which is a 21.34% increase year-on-year [2] - The basic earnings per share are reported at 1.1245 yuan, with a weighted average return on equity of 8.22% [2] - Kebo Da Technology Co., Ltd. was established on September 12, 2003, with a registered capital of 403.8567 million yuan [2]

Core Insights - In August 2025, the automotive production and sales reached 2.815 million and 2.857 million units respectively, with month-on-month growth of 8.7% and 10.1%, and year-on-year growth of 13% and 16.4% [2][3] - For the week of September 1-7, 2025, retail sales of passenger cars were 304,000 units, a year-on-year decrease of 10% and a month-on-month decrease of 4%, while wholesale sales were 307,000 units, a year-on-year decrease of 5% but a month-on-month increase of 9% [2][3] Weekly Market Performance - During the week of September 8-12, 2025, the CS automotive index rose by 0.21%, while the CS passenger vehicle index fell by 0.37%, and the CS commercial vehicle index decreased by 1.06% [2] - The CS automotive parts index increased by 0.72%, and the CS automotive sales and service index rose by 4.23%, while the electric vehicle index fell by 0.08% and the smart vehicle index increased by 1.36% [2] - The Shanghai Composite Index rose by 1.66% and the CSI 300 Index increased by 1.93%, indicating that the CS automotive index underperformed these indices by 1.72 percentage points and 1.45 percentage points respectively, with a year-to-date increase of 23.76% [2] Cost Tracking and Inventory - As of September 10, 2025, the prices of float glass, aluminum ingots, and zinc ingots changed year-on-year by -9.4%, +7.1%, and -5.2% respectively, and month-on-month by -6%, +0.5%, and -1.1% [3] - The inventory warning index for automotive dealers in August was 57.0%, showing a year-on-year increase of 0.8 percentage points and a month-on-month decrease of 0.2 percentage points [3] Market Focus - Key developments include partnerships in autonomous driving, such as Horizon Robotics collaborating with Hello to accelerate Robotaxi deployment, and the launch of new models like the all-new Wanjie M7, which saw over 100,000 pre-orders within an hour [3] - The Ministry of Industry and Information Technology and other departments issued a joint plan for stabilizing growth in the automotive industry for 2025-2026 [3] Investment Recommendations - In the medium to long term, the focus is on opportunities in incremental components driven by the rise of domestic brands and electric intelligence [4] - Recommended companies include Leap Motor, JAC Motors, and Geely for strong new product cycles, and companies like Kobot, Huayang Group, and Junsheng Electronics for smart technology [4]

Core Viewpoint - The stock of Kebo Technology Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from September 15 to September 17, 2025, prompting the company to disclose relevant information [2][3]. Group 1: Stock Trading Abnormality - The company's stock price deviation was noted as exceeding 20% over three consecutive trading days, which is classified as abnormal trading behavior according to the Shanghai Stock Exchange rules [2][3]. - The company confirmed that its production and operational activities are normal, and there have been no significant changes in the external business environment or industry policies [4]. Group 2: Major Events - The company is in the process of planning a convertible bond issuance, which is still in the preliminary stage and carries significant uncertainty [5]. - On September 5, 2025, the company announced a plan to acquire 60% of the equity of Shanghai Kebo Intelligent Technology Co., Ltd., which is pending approval from the shareholders' meeting [5]. Group 3: Other Relevant Information - The company has not identified any media reports, market rumors, or hot concepts that could significantly impact its stock price [7]. - The actual controller of the company has a plan to reduce holdings of up to 3,200,000 shares, which is approximately 0.7924% of the total share capital, but this plan has not yet been implemented [8].

（编辑 任世碧） 证券日报网讯 9月17日晚间，科博达发布公告称，公司股票于2025年9月15日、2025年9月16日、2025年 9月17日连续3个交易日内日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动。经公司自查， 公司目前正在筹划向不特定对象发行可转换公司债券（简称"可转债"）事项，该事项尚处于前期筹划阶 段，存在重大不确定性。除此之外，公司不存在其他应披露未披露的重大事项。目前公司生产经营活动 一切正常。后续公司将根据相关规定，对可转债事项进展情况持续进行披露。公司日常经营情况及外部 经营环境均未发生重大变化。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。 ...

格隆汇9月17日丨科博达(603786.SH)公布股票交易异常波动公告，基于公司发展现状及未来的资金需求，公司正在商议筹划可转债事项。截至本公告披露日，公司可转债事项尚处在筹划阶段 ...

证券代码：603786 证券简称：科博达 公告编号： 2025-054 科博达技术股份有限公司 股票交易异常波动公告 重要内容提示： 一、股票交易异常波动的具体情况 公司股票于 2025 年 9 月 15 日、2025 年 9 月 16 日、2025 年 9 月 17 日连续 3 个交易日内日收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易 规则》的有关规定，属于股票交易异常波动。 二、公司关注并核实的相关情况 针对公司股票交易异常波动，公司对有关事项进行核查，现将有关核实情况 说明如下： 1 科博达技术股份有限公司（以下简称"公司"）股票于 2025 年 9 月 15 日、2025 年 9 月 16 日、2025 年 9 月 17 日连续 3 个交易日内日收盘价格 涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规 定，属于股票交易异常波动。 经公司自查，公司目前正在筹划向不特定对象发行可转换公司债券（以 下简称"可转债"）事项，该事项尚处于前期筹划阶段，存在重大不确定 性。除此之外，公司不存在其他应披露未披露的重大事项。目前公司生 产经营活动一切正常。后续公司将根据相关规定，对 ...

Core Viewpoint - The stock price of Kobot Technology Co., Ltd. experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days, indicating significant market activity [1] Group 1: Company Operations - The company confirmed that its operations are normal and there have been no major adjustments in the market environment or industry policies [1] - Kobot Technology is in the process of acquiring a 60% stake in Shanghai Kobot Intelligent Technology Co., Ltd., which is expected to be included in the consolidated financial statements in 2025 [1] Group 2: Financial Activities - The company is planning to issue convertible bonds to unspecified investors, which is still in the preliminary stage and carries significant uncertainty [1] - The actual controller's plan for share reduction has not yet been implemented, and there were no stock trading activities by related personnel during the period of abnormal fluctuation [1] Group 3: Investor Advisory - The company advises investors to be cautious of trading risks and to refer to announcements made through designated media for accurate information [1]