Group 1 - Chip stocks continue to adjust, with declines led by edge and storage sectors [1] - Companies such as Rockchip, GigaDevice, and Aojie Technology saw declines exceeding 6% [1] - Other companies like Broadcom Integration, Langke Technology, Liyang Chip, and Allwinner Technology also experienced significant drops [1]

Group 1 - The State Council Information Office will hold a press conference on May 22 to discuss technology finance policies, featuring officials from the Ministry of Science and Technology, the People's Bank of China, and financial regulatory authorities [1] - The central bank's governor emphasized the need for financial support for key areas such as technological innovation, consumption, small and micro enterprises, and stabilizing foreign trade [2] - A new directive aims for 850 million active IPv6 users and 1.1 billion IoT IPv6 connections by the end of 2025, with fixed network IPv6 traffic accounting for 27% and mobile network IPv6 traffic for 70% [3] Group 2 - Several banks have recently lowered interest rates on fixed-term deposits and large-denomination certificates of deposit, with large-denomination products expected to enter the "1 era" [4] - Zongyi Co., Ltd. is in the preliminary planning stage for a major asset restructuring [5] - Shareholder Runke Xin of Ruixin Micro plans to reduce its stake by no more than 2% [5] - Baili Electric's revenue from nuclear fusion-related business is minimal, projected to account for less than 1% of total revenue in 2024 [5] - Baobian Electric's stock has seen significant short-term gains, leading to high price-to-earnings and price-to-book ratios [5] - Suzhou Longjie has reported price increases for some new and hot-selling products [5]

Group 1 - Zhaoyi Innovation plans to issue H-shares and list on the Hong Kong Stock Exchange, considering the interests of existing shareholders and market conditions [3] - ST Zhongdi has decided to abandon the commercial opportunity for the Jiageng Ke Yi City land project, with the controlling shareholder planning to develop the project instead [4] - Xichang Electric Power expects a reduction of approximately 5.4 million yuan in net profit for 2025 due to adjustments in the time-of-use electricity pricing mechanism [5] Group 2 - Sanfu New Materials intends to invest 620 million yuan in a project for high-safety dry electrode battery key materials and high-frequency electronic information composite materials [6] - Weifu High-Tech's subsidiary plans to establish a joint venture with Baolong Technology to expand the active suspension motor hydraulic pump business [7] - Yulong Co., Ltd. will have its stock delisted on May 27, 2025, following a decision by the Shanghai Stock Exchange [8] Group 3 - Chen'an Technology's shareholder is transferring 6.27% of the company's shares to Hefei Guotou, aiming to introduce strategic investors [9] - Huamao Technology is planning to acquire a 100% stake in Fuchuang Youyue, with stock trading suspended for up to 10 trading days [11] - Baolong Technology's subsidiary will collaborate with Weifu High-Tech's subsidiary to develop core components for the active suspension system [12] Group 4 - Zhongnong Lihua intends to acquire at least 50% of Taizhou Agricultural Supplies, enhancing its product and service range [13] - Weiling Co., Ltd.'s subsidiary has successfully acquired 74.3% of Jiayu Mining for 220 million yuan, focusing on expanding into the non-ferrous metal resource sector [14][15] - Hengshi Technology's subsidiary has been approved for public transfer of shares on the New Third Board [16] Group 5 - Xiang Teng New Materials plans to acquire an additional 12.5% stake in its subsidiary Shanghai Shangda for 25.3 million yuan [17] - ST Texin has extended its employee stock ownership plan by 12 months, reflecting confidence in the company's long-term development [18] - Baili Electric has issued a risk warning regarding its stock price increase, indicating no significant changes in fundamentals [19] Group 6 - Hu Silicon Industry plans to acquire minority stakes in three semiconductor companies for approximately 7.04 billion yuan [20][21] - Demais plans to change its controlling shareholder, leading to a temporary suspension of stock trading [22] - FAW Fuwei has received a notice from a well-known new energy brand for a project expected to generate 1.06 billion yuan in total sales over its lifecycle [23] Group 7 - Hangyang Co. plans to establish a subsidiary for a large modular cryogenic equipment manufacturing project with an estimated investment of 557 million yuan [24] - Jiewate intends to acquire 40.89% of Tianyi Hexin for 319 million yuan, enhancing its product line in the signal chain category [25] - Dingxin Communications has elected a new chairman following the resignation of the previous chairman [26][27] Group 8 - Aofei Entertainment plans to invest 10 million yuan in a partnership to indirectly invest in AI robotics company Xuan Yuan Technology [28] - Huaxi Energy's controlling shareholder has been detained, but the company states that operations remain normal [29] - Yihe Jiaye will change its stock name to "Ruimaite" starting May 21 [30] Group 9 - Zhongjin Environment will change its name to "Southern Pump Industry" effective May 21 [31] - Hong Sifang's subsidiary plans to invest approximately 1.49 billion yuan in a new chemical materials and fertilizers industrial park [32] - Buchang Pharmaceutical's subsidiary has signed a research agreement for MF59 adjuvant with a pharmaceutical company [33] Group 10 - Hongjing Technology has signed a service contract worth 597 million yuan for a smart computing project [34] - Zhuojin Co. has won a bid for a soil remediation project worth 67.68 million yuan [35] - Xinjiang Jiaojian has been awarded a contract for a highway project valued at 451 million yuan [36] Group 11 - China National Materials Energy's subsidiary has signed a contract for an EPC project in Uzbekistan worth approximately 1.252 billion yuan [37] - Ruixin Microelectronics' shareholder plans to reduce its stake by up to 2% [38] - Shanghai Yizhong's shareholder also plans to reduce its stake by up to 2% [39] Group 12 - Sanyou Medical's controlling shareholder plans to reduce its stake by up to 1.44% [40] - Hangdian Co.'s controlling shareholder plans to reduce its stake by up to 1.93% [41] - Shangwei New Materials' shareholder plans to reduce its stake by up to 3% [42] Group 13 - Mingchen Health plans to repurchase shares worth between 30 million and 50 million yuan [43] - Jiuhua Tourism plans to raise up to 500 million yuan through a private placement for various projects [44] - Yuegui Co. plans to raise up to 900 million yuan for several projects [46]

Core Viewpoint - The major shareholder, Xiamen Runke Xin Investment Management Partnership (Limited Partnership), plans to reduce its stake in Ruixin Microelectronics Co., Ltd. by up to 8,378,000 shares, representing a maximum of 2% of the company's total shares, due to personal funding needs [1][2][3] Group 1: Major Shareholder Information - Xiamen Runke Xin holds 28,268,940 shares, accounting for 6.75% of the total share capital of Ruixin Microelectronics [1][2] - The shares held by Runke Xin were acquired prior to the company's initial public offering (IPO) [1][2] Group 2: Reduction Plan Details - The planned reduction period is from June 13, 2025, to September 12, 2025 [2] - The reduction will be executed through centralized bidding and/or block trading, with a maximum of 4,189,000 shares to be sold via centralized bidding and up to 8,378,000 shares through block trading [2][3] - The reduction plan is consistent with previous commitments made by the shareholder regarding share transfer limitations [3]

证券代码：603893 证券简称：瑞芯微 公告编号：2025-044 瑞芯微电子股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 大股东持股的基本情况 截至本公告披露日，厦门市润科欣投资管理合伙企业（有限合伙）（以下简 称"润科欣"）持有瑞芯微电子股份有限公司（以下简称"公司"或"瑞芯微"） 股份 28,268,940 股，占公司总股本的 6.75%，上述股份全部来源于公司首次公开 发行股票前已持有的股份。 1 上述减持主体无一致行动人。 二、减持计划的主要内容 | 股东名称 | 厦门市润科欣投资管理合伙企业（有限合伙） | | | | --- | --- | --- | --- | | 计划减持数量 | 股 不超过：8,378,000 | | | | 计划减持比例 | 不超过：2% | | | | 减持方式及对应减持数量 | 集中竞价减持，不超过：4,189,000 股 股 大宗交易减持，不超过：8,378,000 | | | | 减持期间 | 年 月 年 月 日 ...

证券代码：603893 证券简称：瑞芯微 公告编号：2025-043 瑞芯微电子股份有限公司 关于 2022 年第二期股票期权与限制性股票激励计划 首次授予股票期权第二个行权期符合行权条件的公告 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： 瑞芯微电子股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日分别召 开第四届董事会第四次会议和第四届监事会第四次会议，审议通过《关于 2022 年第二期股票期权与限制性股票激励计划首次授予第二个行权期行权条件成就 的议案》。经审议，公司 2022 年第二期股票期权与限制性股票激励计划首次授 予股票期权第二个行权期行权条件已成就，公司同意为符合行权条件的 117 名激 励对象办理股票期权行权相关事宜，可行权数量为 56.85 万份，占公司目前股本 总额的 0.136%。现对有关事项说明如下： 一、2022 年第二期股票期权与限制性股票激励计划批准及实施情况 （一）2022 年第二期股票期权与限制性股票激励计划履行的程序 1、2022 年 11 月 24 日， ...

作者 | 弗雷迪 数据支持 | 勾股大数 据（www.gogudata.com） 去年，国内消费政策拉动了智能设备消费需求，譬如 可穿戴腕带设备，中国出货量占了全球 30% ，去年增速达到了 20% 。 其中， "小孩哥""小孩姐"人手一只的智能手表居然卖爆了。 根据洛图科技线上监测数据， 2024 年儿童智能手表在传统电商平台的销量占比达到了 31.5% ，与成人智能手表（ 34.4% ）和智能手环（ 34.4% ）的占比几乎持平。 在消费政策驱力下，跟着智能设备复苏的芯片公司终于熬到了头，股价在一年时间里发生了翻天覆地的变化。 譬如瑞芯微，从去年 2 月低点 39 块 / 股迄今，一年时间经历了接近 3 倍的涨幅。 业绩增长是估值修复的主要动因，但下游 AI 硬件的扩散，则把估值抬到了目前这个位置。 DeepSeek 送的大礼，他们接得住么？ 01 智能终端卖爆了 国内 SoC 芯片厂商受下游主要应用领域—消费电子需求和自身库存，研发创新周期影响，近几年逐渐从周期底部爬出。 2021 年 芯片 缺货 带来了一段高景气时期 ， 但紧接着 2022 年开始产业链整体进入去库存阶段 ， SoC 芯片厂商面临着 ...

证券代码：603893 证券简称：瑞芯微 公告编号：2025-042 瑞芯微电子股份有限公司 2025年股票期权激励计划授予结果公告 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： 根据中国证券监督管理委员会《上市公司股权激励管理办法》、上海证券交易所、中国证券登记结算有 限责任公司上海分公司的有关规定，瑞芯微电子股份有限公司（以下简称"公司"或"本公司"）完成了 《瑞芯微电子股份有限公司2025年股票期权激励计划（草案）》（以下简称"本次激励计划"、"本激励 计划"）股票期权授予的登记工作，有关具体情况如下： 一、股票期权授予情况 2025年4月8日，公司分别召开第四届董事会第三次会议和第四届监事会第三次会议，审议通过《关于向 2025年股票期权激励计划激励对象授予股票期权的议案》，同意公司以2025年4月8日为授权日，向符合 条件的7名激励对象授予股票期权117.00万份，行权价格为137.67元/份。公司监事会对本激励计划授予 相关事项发表了核查意见。 公司本激励计划实际授予情况如下： 注：（1）上述任何 ...

Investment Rating - The report maintains a positive outlook on the humanoid robot industry, emphasizing the importance of software development for commercialization [3][4]. Core Insights - The report identifies that the hardware maturity of humanoid robots is currently higher than that of software, with software being the key to commercialization. It highlights the need for advancements in algorithms, data, and control systems to drive the industry forward [3][5][6]. Summary by Sections 1. Algorithms: The Core of Embodied Intelligence - The algorithm framework is divided into two levels: the upper "brain" focuses on task-level planning and decision-making, while the lower "cerebellum" handles real-time motion planning and joint control [3][11][18]. - The report discusses the evolution of control algorithms, noting a shift from traditional methods to modern approaches like reinforcement learning (RL) and imitation learning (IL) [3][19][29]. - The VLA (Vision-Language-Action) model is highlighted as a significant advancement in upper-level control, enabling robots to understand and execute tasks through natural language processing [3][36][40]. 2. Data: The Foundation of Algorithm Learning - Data quality and diversity are crucial for algorithm performance, with sources categorized into real data, synthetic data, and web data. Real data is the most accurate but least abundant [3][74][76]. - The report emphasizes the importance of remote operation and motion capture technologies for collecting high-quality real data [3][79]. 3. Control Systems: The Foundation of Embodied Intelligence - The control system is described as the "brain" of humanoid robots, consisting of hardware (SoC chips, CPUs, GPUs, NPUs) and software components [3][3][3]. - The report notes that the industry lacks a unified consensus on the structure of the "brain" and "cerebellum" in humanoid robots, which are essential for executing complex algorithms and tasks [3][3][3]. 4. Investment Opportunities - The report identifies several key companies in the humanoid robot industry worth monitoring, including: - Controller segment: Tianzhun Technology, Zhiwei Intelligent, Desay SV [4][4]. - Motion control technology: Huichuan Technology, Xinjie Electric, Leisai Intelligent, Gokong Technology, Tosida [4][4]. - Chip manufacturers: Rockchip, Horizon Robotics [4][4]. - Data collection equipment: Lingyun Optical, Aofei Entertainment [4][4].

证券代码：603893 证券简称：瑞芯微 公告编号：2025-041 瑞芯微电子股份有限公司 关于 2024 年股票期权与限制性股票激励计划 首次授予限制性股票第一期解除限售暨上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 36,000股。 本次股票上市流通总数：36,000股。 本次股票上市流通日期：2025 年 5 月 21 日。 瑞芯微电子股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日分别召开 第四届董事会第四次会议和第四届监事会第四次会议，审议通过《关于 2024 年股 票期权与限制性股票激励计划首次授予第一个行权期行权条件及第一个限售期解 除限售条件成就的议案》。经审议，公司 2024 年股票期权与限制性股票激励计划 首次授予限制性股票第一个限售期解除限售条件已成就，公司同意为符合解除限 售条件的 5 名激励对象办理限制性股票解除限售相关事宜，解除限售的数量为 3.60 万股，占公司目前股本总额的 0.0 ...