Group 1 - Suzhou Huaxing Yuanchuang Technology Co., Ltd. applied for a patent titled "Display Panel Diffraction Ratio Testing Device and System" with publication number CN120489525A on July 2025 [1] - The patent involves a testing device that includes a machine platform, light-emitting component, collimating component, and two testing platforms for measuring the diffraction ratio of display panels [1] - The device is designed to analyze the transmitted light beams from the display panels to calculate their transmission rate and clarity [1] Group 2 - Suzhou Huaxing Yuanchuang Technology Co., Ltd. was established in 2005 and is located in Suzhou, primarily engaged in the manufacturing of computers, communications, and other electronic devices [2] - The company has a registered capital of 441.984511 million RMB and has invested in 17 enterprises [2] - The company has participated in 216 bidding projects and holds 1396 patent information along with 182 trademark records [2]

Core Insights - The Sci-Tech Innovation Board (STAR Market) is positioned to support technology innovation enterprises that align with national strategies and possess core technologies recognized in the market [1][2] - Many companies listed on the STAR Market have showcased their core technologies in their semi-annual reports, indicating their leading positions within their respective industries [1][3] - The core technologies of STAR Market companies are seen as a significant growth driver, reflecting their potential for substantial development [1][3] Company Highlights - Ruichuang Micro-Nano disclosed seven core technologies, including non-refrigerated infrared sensor focal plane array sensitive material preparation, all in mass production [1] - Huaxing Yuanchuang reported advantages in software, structure, and hardware development, with ten core technologies, including flexible OLED Mura compensation technology, achieving a Mura compensation rate of 98% [2] - Cambrian is one of the few companies globally that comprehensively masters core technologies in general-purpose intelligent chips and their foundational system software [2] Industry Trends - The STAR Market is home to many leading Chinese technology companies, some of which have broken international monopolies, contributing to the domestic replacement of foreign technologies [2][3] - The average R&D investment of STAR Market companies was 18.53% of their operating income in the first half of 2020, an increase of 6 percentage points from the previous year, totaling 12.9 billion yuan [3] - Companies like China Resources Microelectronics and Lanke Technology have made significant advancements in their respective fields, such as the production of SiC wafers and DDR5 memory chips [4] Future Directions - Companies are focusing on monetizing their technologies by hiring emerging technology experts and researchers to align product development with industry needs [5]

Core Viewpoint - The upcoming unlocking of shares for the first batch of companies listed on the Sci-Tech Innovation Board (STAR Market) is expected to have limited impact on the secondary market, as many major shareholders are voluntarily extending their lock-up periods or committing not to sell their shares immediately after the unlocking, reflecting confidence in the long-term value of their companies [1][2][4]. Group 1: Shareholder Actions - Nine companies have announced that their major shareholders will extend the lock-up period by 6 to 12 months or commit not to sell shares for six months post-unlocking, representing a market value of 808 billion yuan, which is over 40% of the total theoretical unlocking market value for the first batch of 25 companies [2][4]. - Major shareholders of companies like China Communication Signal and Rongbai Technology have voluntarily chosen not to unlock their shares, indicating strong confidence in their companies' future [2][3]. Group 2: Market Impact and Stability - The unlocking of shares does not equate to immediate selling, as different shareholders have varying intentions regarding exiting their positions, and any selling will be subject to strict regulations [4][5]. - The potential selling pressure from unlocking is mitigated by the fact that major shareholders and executives are limited in how much they can sell within a specified timeframe, which helps maintain market stability [3][4]. Group 3: Long-term Investment Value - The overall performance of companies on the STAR Market has shown strong growth, with a compound annual growth rate of 28% in revenue and 70% in net profit from 2019 to 2021, indicating robust long-term investment potential [6]. - The STAR Market is expected to attract long-term capital as liquidity improves post-unlocking, creating favorable conditions for institutional investors [6][7]. Group 4: Regulatory Environment - The STAR Market has implemented a unique inquiry transfer system for share reductions, which has proven effective in maintaining market stability and minimizing price fluctuations during share sales [5][6]. - Recent regulatory developments, such as the introduction of market-making trading rules, are anticipated to enhance liquidity and reduce market volatility, further supporting the STAR Market's growth and stability [7].

Core Points - The Shanghai Composite Index closed at 3653.50 points, above the annual line, with a gain of 0.51% [1] - The total trading volume of A-shares reached 1,149.623 billion yuan [1] - A total of 69 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] Summary of Stocks Breaking the Annual Line - The stocks with the highest deviation rates include: - Shen Zhen Zhi Ye A: 5.97% deviation, closing price 6.97 yuan, with a daily increase of 7.07% and turnover rate of 4.64% [1] - De Fang Na Mi: 5.54% deviation, closing price 35.42 yuan, with a daily increase of 8.25% and turnover rate of 8.20% [1] - An Da Ke Ji: 5.19% deviation, closing price 5.86 yuan, with a daily increase of 5.78% and turnover rate of 6.58% [1] - Other notable stocks with smaller deviation rates include: - Hua Xi Biological: just above the annual line [1] - Yuan Zuo Shares: just above the annual line [1] - Pu Rui Eye Care: just above the annual line [1] Additional Stock Data - Other stocks with significant performance include: - Zhu Hai Guan Yu: 4.33% deviation, closing price 15.64 yuan, daily increase of 6.76% [1] - San Wei Gu Fen: 4.27% deviation, closing price 12.50 yuan, daily increase of 7.76% [1] - Tian Li Lithium Energy: 2.96% deviation, closing price 30.04 yuan, daily increase of 4.05% [1]

（文章来源：每日经济新闻） 华兴源创（SH 688001，最新价：26.86元）8月1日晚间发布公告称，截至2025年7月31日，公司通过上 海证券交易所交易系统以集中竞价交易方式回购公司股份约121万股，占公司总股本约4.45亿股的比例 为0.2718%，回购成交的最高价为34.78元/股，最低价为22.66元/股，支付的资金总额为人民币约3351万 元。 ...

Group 1 - Suzhou Huaxing Yuanchuang Technology Co., Ltd. has obtained a patent for a "card extraction mechanism and testing machine," with the patent announcement number CN223180240U, applied for on June 2024 [1] - The patent describes a card extraction mechanism that includes a rotating component and a lever, designed to facilitate the extraction of circuit boards from a chassis without causing damage [1] - The mechanism allows for increased operational space during the extraction process, enhancing efficiency and safety in handling circuit boards [1] Group 2 - Suzhou Huaxing Yuanchuang Technology Co., Ltd. was established in 2005 and is primarily engaged in the manufacturing of computers, communications, and other electronic devices [2] - The company has a registered capital of 441.984511 million RMB and has invested in 17 enterprises [2] - The company has participated in 215 bidding projects and holds 1,388 patent records along with 182 trademark records [2]

Group 1 - The company approved a share repurchase plan on November 14, 2024, allowing for the repurchase of shares using self-owned funds and a special loan from a bank, with a total loan amount not exceeding RMB 35 million [2] - The repurchase price is set at a maximum of RMB 47.00 per share, with a total repurchase fund amount adjusted to not less than RMB 40 million and not exceeding RMB 80 million [3] - As of July 31, 2025, the company has repurchased 1,210,715 shares, accounting for 0.2718% of the total share capital, with a total payment of RMB 33,509,939.85 [4] Group 2 - The company will continue to make repurchase decisions based on market conditions and will fulfill information disclosure obligations in a timely manner [6]

Group 1 - The company, Huaxing Yuanchuang, announced a share buyback of 1,210,715 shares, which represents 0.2718% of its total share capital of 445,377,843 shares [2]

苏州华兴源创科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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。 | 回购方案首次披露日 | 2024/11/15 | | | | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 11 月 14 日~2025 | 年 11 | 月 13 日 | | 预计回购金额 | 4,000万元~8,000万元 | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | 累计已回购股数 | □为维护公司价值及股东权益 1,210,715股 | | | | 累计已回购股数占总股本比例 | 0.2718% | | | | 累计已回购金额 | 33,509,939.85元 | | | | 实际回购价格区间 | 22.66元/股~34.78元/股 | | | 重要内容提示： 一、 回购股份的基本情况 证券代码：688001 证券简称：华兴源创 公告编号：2025-034 公司于 2025 年 1 月 ...

Summary of Key Points - The company Huaxing Yuanchuang (688001.SH) announced a share buyback program, repurchasing a total of 1,210,715 shares [1] - This repurchase represents 0.2718% of the company's total share capital of 445,377,843 shares [1] - The highest price paid for the shares was 34.78 RMB per share, while the lowest price was 22.66 RMB per share [1] - The total amount spent on the buyback was 33,509,939.85 RMB, excluding stamp duty and transaction commissions [1]