证券代码：603986 证券简称：兆易创新 公告编号：2025-064 兆易创新科技集团股份有限公司 部分董事、高级管理人员减持股份计划公告 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： 部分董事、高级管理人员持股的基本情况 截至本公告披露日，兆易创新科技集团股份有限公司（以下简称"公司"） 副董事长、总经理何卫先生持有公司股份 255,207 股，占公司当前总股本的比例 为 0.0382%；公司董事、副总经理胡洪先生持有公司股份 425,845 股，占公司当 前总股本的比例为 0.0638%；公司副总经理、财务负责人孙桂静女士持有公司股 份 193,140 股，占公司当前总股本的比例为 0.0289%；公司副总经理李宝魁先生 持有公司股份 122,673 股，占公司当前总股本的比例为 0.0184%。 减持计划的主要内容 公司于近日收到部分董事及高级管理人员出具的《股份减持计划告知函》， 因个人资金需求，何卫先生、胡洪先生、孙桂静女士、李宝魁先生拟自披露该减 持计划公告起 15 个交易日后的 3 ...

Group 1 - The report highlights the ongoing transformation in the artificial intelligence (AI) industry, with significant advancements in AI models and increasing capital expenditures from cloud service providers, driving demand for AI computing hardware infrastructure [8][20][39] - The semiconductor industry is expected to continue its upward trend, with AI driving a potential super cycle in the memory sector, as domestic manufacturers enhance their competitive advantages in technology and supply chains [11][18][19] - The electronic industry has significantly outperformed the CSI 300 index, with a year-to-date increase of 38.35% compared to the CSI 300's 16.85% [18][19] Group 2 - Major cloud companies are increasing their capital expenditures, with North American cloud providers collectively spending $96.4 billion in Q3 2025, a 67% year-on-year increase, to support AI infrastructure [39][40] - The report emphasizes the rapid growth of AI server demand, with the global AI server market projected to reach $158.7 billion in 2025, reflecting a compound annual growth rate of 15.5% from 2024 to 2028 [51][53] - The report identifies key investment opportunities in sectors such as AI computing chips, AI PCBs, and memory modules, recommending specific companies for investment based on their market positions and growth potential [11][12][52]

Group 1 - A-shares experienced a collective decline on November 21, with the Shanghai Composite Index dropping by 0.82% during intraday trading, while sectors such as media, agriculture, and banking showed gains [1] - The chip sector remained sluggish, with the chip ETF (159995.SZ) falling by 2.72%, and individual stocks like Zhaoyi Innovation and Beijing Junzheng declining by 6.74% and 6.22% respectively [1] - Some individual stocks in the chip sector, such as Wentai Technology and Ruixin Micro, saw slight increases of 0.89% and 0.67% [1] Group 2 - The storage industry is experiencing price increases driven by growing demand for AI servers, with DDR4 product prices rising due to a supply-demand gap, and DDR5 prices increasing by 102.6% in October [3] - DDR3 product prices also rose by 40.4% in October, attributed to production capacity shifting towards DDR3, leading to reduced supply [3] - The NAND Flash products benefited from the expanding storage capacity demand from AI servers, with significant price increases noted since July and August [3] - According to招商证券, the current storage industry cycle is primarily driven by the explosive demand for storage in the AI era, with expectations of continued price increases and improving performance for domestic module and chip manufacturers in Q4 2025 [3]

Core Viewpoint - The chip ETF E Fund (516350) opened down by 1.95% at 1.109 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The E Fund chip ETF's performance benchmark is the CSI Chip Industry Index return [1] - Since its establishment on December 15, 2021, the fund has achieved a return of 13.01% [1] - Over the past month, the fund has experienced a return of -3.30% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC down 2.50% [1] - Cambricon down 2.42% [1] - Haiguang Information down 2.25% [1] - Northern Huachuang down 2.40% [1] - Lattice Semiconductor down 2.66% [1] - Zhaoyi Innovation down 5.07% [1] - Zhongwei Company down 2.90% [1] - OmniVision down 1.31% [1] - Chipone down 4.01% [1] - Changdian Technology down 1.44% [1]

Group 1 - The semiconductor ETF Southern (159325) opened down 2.20%, priced at 1.378 yuan [1] - Major holdings in the ETF experienced declines, including SMIC down 2.50%, Cambrian down 2.42%, and GigaDevice down 5.07% [1] - The ETF's performance benchmark is the CSI Semiconductor Industry Select Index return, managed by Southern Fund Management Co., Ltd. [1] Group 2 - Since its inception on October 31, 2024, the ETF has returned 40.62%, while the return over the past month is -4.13% [1]

Core Viewpoint - The storage chip market is experiencing a downturn, with significant declines in stock prices for several companies, indicating a challenging environment for the industry [1] Company Summary - Shannon Microelectronics has seen its stock price drop by over 10% [1] - Other companies such as Baiwei Storage, Zhaoyi Innovation, and Shikong Technology are also experiencing declines in their stock prices, following the trend set by Shannon Microelectronics [1]

Core Viewpoint - The semiconductor leader ETF (516640) opened down by 2.18% at 0.986 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The semiconductor leader ETF (516640) has a performance benchmark based on the CSI Semiconductor Industry Index return [1] - Since its establishment on August 19, 2021, the ETF has returned 0.82%, while its return over the past month is -3.38% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) down 2.50% - Cambricon (寒武纪) down 2.42% - Haiguang Information (海光信息) down 2.25% - Northern Huachuang (北方华创) down 2.40% - Lattice Semiconductor (澜起科技) down 2.66% - Zhaoyi Innovation (兆易创新) down 5.07% - Zhongwei Company (中微公司) down 2.90% - OmniVision (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - Changdian Technology (长电科技) down 1.44% [1]

Core Viewpoint - The integrated circuit ETF (562820) opened with a decline of 2.89%, indicating a bearish trend in the sector [1] Group 1: ETF Performance - The integrated circuit ETF (562820) opened at 2.083 yuan [1] - Since its establishment on April 12, 2024, the fund has achieved a return of 114.57% [1] - The fund has experienced a return of -4.65% over the past month [1] Group 2: Major Holdings Performance - Major stocks within the ETF showed significant declines, including: - Cambrian (寒武纪) down 2.42% - SMIC (中芯国际) down 2.50% - Haiguang Information (海光信息) down 2.25% - Lattice Technology (澜起科技) down 2.66% - GigaDevice (兆易创新) down 5.07% - Haowei Group (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - JCET (长电科技) down 1.44% - Unisoc (紫光国微) down 2.00% - Tongfu Microelectronics (通富微电) down 2.07% [1] Group 3: Management Information - The ETF is managed by Harvest Fund Management Co., Ltd. [1] - The fund manager is Tian Guangyuan [1] - The performance benchmark for the ETF is the CSI All-Share Integrated Circuit Index [1]

Core Viewpoint - The chip ETF Tianhong (159310) opened with a decline of 3.17%, indicating a bearish trend in the semiconductor sector [1] Group 1: ETF Performance - The Tianhong chip ETF (159310) opened at 1.896 yuan, reflecting a significant drop [1] - The fund's performance benchmark is the CSI Chip Industry Index return rate, managed by Tianhong Fund Management Co., Ltd. [1] - Since its establishment on April 18, 2024, the fund has achieved a return of 95.73%, while its return over the past month is -3.40% [1] Group 2: Major Holdings Performance - Key holdings in the Tianhong chip ETF experienced notable declines, including: - SMIC down 2.50% - Cambrian down 2.42% - Haiguang Information down 2.25% - Northern Huachuang down 2.40% - Lanke Technology down 2.66% - Zhaoyi Innovation down 5.07% - Zhongwei Company down 2.90% - OmniVision down 1.31% - Chipone down 4.01% - Changdian Technology down 1.44% [1]

兆易创新科技集团股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2025 年 11 月 20 日 (二)股东会召开的地点：北京市朝阳区安定路 5 号城奥大厦 6 层会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 证券代码：603986 证券简称：兆易创新 公告编号：2025-063 2. 公司董事会秘书出席了本次会议；部分高级管理人员列席了本次会议。 二、议案审议情况 (一)非累积投票议案 1. 议案名称：《关于变更会计师事务所的议案》 1 | 1、出席会议的股东和代理人人数 | 1,966 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 192,434,590 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 28.8648 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司 ...