（编辑 姚尧） 证券日报网讯 11月20日晚间，拓荆科技发布公告称，截至本公告披露日，拓荆科技股份有限公司（以 下简称"公司"）股东国家集成电路产业投资基金股份有限公司（以下简称"国家集成电路基金"）持有公 司股份55，026，693股，占公司总股本的19.57%。公司股东国家集成电路基金基于自身经营管理需 要，计划自本公告披露之日起15个交易日后的3个月内，在符合法律法规规定的减持前提下，拟通过大 宗交易方式减持公司股份数量不超过8，434，917股（含本数），即不超过公司总股本的3%。 ...

Group 1 - Moer Thread announced an issuance price of 114.28 CNY per share, with a total of 70 million shares to be publicly issued, aiming to raise 8 billion CNY, netting approximately 7.576 billion CNY after expenses [1] - EVE Energy signed a procurement framework agreement with Simo International for battery cells from 2026 to 2028, with the agreement effective until December 31, 2028, but does not specify a concrete amount [1] - Tuojing Technology's major shareholder, the National Integrated Circuit Industry Investment Fund, plans to reduce its stake by up to 3% through block trading from December 12, 2025, to March 11, 2026 [1] Group 2 - Shengyi Electronics announced that its shareholder, Dongguan Science and Technology Innovation Investment Group, plans to reduce its stake by up to 1% from December 12, 2025, to March 11, 2026, due to funding needs [2] - Deep Technology reported that it is a leading domestic high-end storage chip packaging and testing company, currently operating at full capacity in Shenzhen and Hefei, and is expanding based on customer demand [2] - Wengfeng Co. announced that its deputy general manager, Qin Guofen, is under investigation, but this matter is personal and will not significantly impact the company's operations [2] Group 3 - Fosun Pharma's subsidiary, Shanghai Fuhong Hanlin Biotechnology, has had its drug, Surulitinib, included in the breakthrough therapy designation for gastric cancer, with no other PD-1 monoclonal antibody approved for this indication globally [3] - Daye Co. is responding to the EU's anti-dumping investigation on Chinese lawnmowers, adjusting its overseas production structure and integrating resources to mitigate impacts [4]

格隆汇11月20日丨拓荆科技(688072.SH)公布，公司股东国家集成电路基金基于自身经营管理需要，计 划自本公告披露之日起15个交易日后的3个月内，在符合法律法规规定的减持前提下，拟通过大宗交易 方式减持公司股份数量不超过843.49万股（含本数），即不超过公司总股本的3%。 ...

每经头条（nbdtoutiao）——展望"十五五" | 专访黄群慧：既要重视AI赋能千行百业，也要考量其对就业 的替代效应和带来的收入极化 （记者 王晓波） 每经AI快讯，拓荆科技（SH 688072，收盘价：307.85元）11月20日晚间发布公告称，截至本公告披露 日，拓荆科技股份有限公司股东国家集成电路产业投资基金股份有限公司持有公司股份约5503万股，占 公司总股本的19.57%，其所持股份全部为公司首次公开发行前股份，均为无限售流通股。公司股东国 家集成电路基金基于自身经营管理需要，计划自本公告披露之日起15个交易日后的3个月内，在符合法 律法规规定的减持前提下，拟通过大宗交易方式减持公司股份数量不超过约843.5万股，即不超过公司 总股本的3%。 截至发稿，拓荆科技市值为866亿元。 ...

智通财经APP讯， 拓荆科技(688072.SH)发布公告，公司股东国家集成电路基金基于自身经营管理需 要，计划自本公告披露之日起15个交易日后的3个月内，在符合法律法规规定的减持前提下，拟通过大 宗交易方式减持公司股份数量不超过843.49万股(含本数)，即不超过公司总股本的3%。 ...

证券代码：688072 证券简称：拓荆科技 公告编号：2025-071 拓荆科技股份有限公司 股东大宗交易减持股份计划公告 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、准确性和完整性依法承担法律 责任。 重要内容提示： 股东的基本情况 截至本公告披露日，拓荆科技股份有限公司（以下简称"公司"）股东国家 集成电路产业投资基金股份有限公司（以下简称"国家集成电路基金"）持有公 司股份 55,026,693 股，占公司总股本的 19.57 %，其所持股份全部为公司首次公 开发行前股份，均为无限售流通股。 减持计划的主要内容 公司股东国家集成电路基金基于自身经营管理需要，计划自本公告披露之日 起 15 个交易日后的 3 个月内，在符合法律法规规定的减持前提下，拟通过大宗 交易方式减持公司股份数量不超过 8,434,917 股（含本数），即不超过公司总股本 的 3%。 一、减持主体的基本情况 | 股东名称 | 国家集成电路产业投资基金股份有限公司 | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 □是 | ...

人民财讯11月20日电，拓荆科技(688072)11月20日公告，持股19.57%的股东国家集成电路基金基于自身 经营管理需要，计划自15个交易日后的3个月内，拟通过大宗交易方式减持公司股份数量不超过843.49 万股，即不超过公司总股本的3%。 ...

Core Viewpoint - The National Integrated Circuit Industry Investment Fund Co., Ltd. plans to reduce its stake in Tuojing Technology by up to 843.49 million shares, representing 3% of the total share capital, due to operational management needs [1] Group 1 - The National Integrated Circuit Industry Investment Fund holds 55.0267 million shares of Tuojing Technology, accounting for 19.57% of the total share capital [1] - The planned reduction will occur through block trading within a three-month period from December 12, 2025, to March 11, 2026 [1] - The shares to be reduced were all acquired prior to the company's IPO [1]

Group 1 - Semiconductor equipment stocks weakened, with Zhongwei Company down over 4%, Northern Huachuang down over 3%, and Huahai Qingshi, Tuojing Technology, Nanda Optoelectronics, Anji Technology, and Zhongke Feimiao all down over 2% [1] - Semiconductor equipment and materials-related ETFs fell over 2% [1] Group 2 - The semiconductor equipment ETF is priced at 1.420, down 2.41%; the semiconductor materials ETF is at 1.490, down 2.30%; the chip equipment ETF is at 1.562, down 2.25% [2] - Analysts indicate that under the backdrop of the AI wave and domestic production, there is a continuous demand for expansion in advanced production lines, making semiconductor equipment a cornerstone for wafer foundry expansion and an important link for achieving self-controllable industrial chains, suggesting that domestic semiconductor equipment companies are likely to encounter development opportunities [2]

Core Viewpoint - The article discusses the growth and challenges faced by Hengyun Chang, a leading domestic plasma RF power system company, amid the ongoing "domestic substitution" trend in the semiconductor industry, highlighting its dependency on a major client, Tuojing Technology, and the implications for its upcoming IPO [1][2][3]. Company Overview - Hengyun Chang specializes in the research, production, and sales of plasma RF power systems and related components, having partnered with Tuojing Technology since 2018 to develop these systems [3]. - The company has seen significant revenue growth, with projected revenues of 1.59 billion, 3.25 billion, and 5.41 billion for 2022, 2023, and 2024 respectively, reflecting a compound annual growth rate (CAGR) of 84.91% [7]. Financial Performance - Despite strong revenue growth, Hengyun Chang's performance is showing signs of volatility, with a projected revenue decline of 9.58% to 4.69% for 2025, and a significant drop in net profit [10]. - The company’s reliance on Tuojing Technology is evident, as over 60% of its revenue comes from this client, and any fluctuations in Tuojing's orders directly impact Hengyun Chang's financial stability [7][9]. IPO and Market Position - Hengyun Chang plans to raise 1.69 billion through its IPO, down from an initial target of 2.5 billion, indicating potential challenges in securing investor confidence [6]. - The company is facing scrutiny regarding its growth sustainability and the stability of its major client relationships, as highlighted by repeated inquiries during the IPO review process [2][10]. Market Context - The global plasma RF power system market is projected to grow, with a forecasted CAGR of 10.6% from 2025 to 2029, contrasting with Hengyun Chang's declining order book and revenue projections [8]. - The semiconductor industry has been experiencing a "domestic substitution" trend since 2014, which has benefited companies like Hengyun Chang, but the company must navigate its dependency on a single client to maintain its growth trajectory [5].