Core Viewpoint - The article highlights the performance and growth potential of the AI sector in China, particularly focusing on the performance of the Sci-Tech Innovation Board AI Index and the related ETF, indicating a positive trend in investments and market interest in AI technologies [3][4][5]. Group 1: Market Performance - As of August 5, 2025, the Sci-Tech Innovation Board AI Index (950180) increased by 0.09%, with notable gains from constituent stocks such as Zhongke Xingtai (688568) up 4.29% and Aerospace Hongtu (688066) up 3.62% [3]. - The latest size of the Sci-Tech AI ETF reached 6.203 billion yuan, marking a new high since its inception and ranking first among comparable funds [4]. - The Sci-Tech AI ETF has seen a net inflow of 1.042 billion yuan in financing, with a total financing balance of 6.43 billion yuan as of the previous trading day [5]. Group 2: Investment Trends - The AI sector is experiencing rapid growth, driven by increasing demand for computing power and ongoing investments in large models, indicating a robust market environment [4]. - The Sci-Tech AI ETF has recorded a 16.89% increase in net value over the past six months, ranking first among comparable funds [5]. - The ETF's management fee is 0.50% and the custody fee is 0.10%, which are relatively low compared to similar funds [5]. Group 3: Tracking and Composition - The Sci-Tech AI ETF closely tracks the Sci-Tech Innovation Board AI Index, which includes 30 large-cap companies that provide foundational resources, technology, and application support for the AI industry [6]. - As of July 31, 2025, the top ten weighted stocks in the index accounted for 67.36% of the total index weight, indicating concentrated investment in key players within the AI sector [7].

8月4日，沪深两融数据显示，晶晨股份上周累计获融资净买入额1642.31万元，居两市第454位，上周融 资买入额3.19亿元，偿还额3.03亿元。 晶晨股份所属概念板块包括：半导体、上海板块、MSCI中国、沪股通、上证380、中证500、融资融 券、预盈预增、基金重仓、AI芯片、科创板做市股、半导体概念、超清视频、国产芯片、人工智能。 资金流方面，晶晨股份近5日主力资金流出1.27亿元，区间跌幅5.48%；近10日主力资金流出2.66亿元， 区间跌幅6.11%。 来源：金融界 通过天眼查大数据分析，晶晨半导体(上海)股份有限公司共对外投资了10家企业，参与招投标项目6 次，知识产权方面有商标信息24条，专利信息348条，此外企业还拥有行政许可16个。 天眼查商业履历信息显示，晶晨半导体(上海)股份有限公司，成立于2003年，位于上海市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本41832.6368万人民币，实缴资本6352 万人民币。公司法定代表人为JOHN ZHONG。 ...

Group 1 - As of July 31, 2025, the stock price of Jingchen Co., Ltd. closed at 72.35 yuan, down by 1.97 yuan, a decrease of 2.65% from the previous trading day [1] - The trading volume on that day was 84,102 hands, with a total transaction amount of 619 million yuan [1] - Jingchen Co., Ltd. specializes in integrated circuit design, with products primarily used in smart set-top boxes, smart TVs, and AI audio-video system terminals [1] Group 2 - The company announced that as of July 31, it had repurchased a total of 795,300 shares, accounting for 0.1889% of the total share capital, with a repurchase price range of 65.82 yuan to 70.5 yuan per share, totaling approximately 54.95 million yuan [1] - In the first quarter of 2025, the company achieved operating revenue of 1.53 billion yuan and a net profit attributable to shareholders of 188 million yuan [1] - On July 31, the net outflow of main funds was 58.77 million yuan, representing 0.19% of the circulating market value [1]

二、 回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司应当在每个月的前 3 个交易日内公告截至上 月末的回购进展情况，现将公司回购股份情况公告如下： 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 方式累计回购公司股份 79.5289 万股，占公司总股本的比例为 0.1889%，回购成交 的最高价为 70.50 元/股，最低价为 65.82 元/股，支付的资金总额约为人民币 本次回购股份符合法律法规、规范性文件的规定及公司回购股份方案。 三、 其他事项 证券代码：688099 证券简称：晶晨股份 公告编号：2025-050 晶晨半导体（上海）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、准确性和完整性依法承担法律责任。 重要内容提示： 回购方案首次披露日 2025/4/11，由董事长暨实控人提议 回购方案实施期限 2025 年 4 月 10 日~2026 年 4 月 9 日 预计回购金 ...

（文章来源：证券日报） 证券日报网讯 7月31日晚间，晶晨股份发布公告称，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累计回购公司股份79.5289万股，占公司总股本的比例为0.1889%。 ...

通过天眼查大数据分析，晶晨半导体(上海)股份有限公司共对外投资了10家企业，参与招投标项目6 次，知识产权方面有商标信息24条，专利信息347条，此外企业还拥有行政许可16个。 来源：金融界 晶晨股份最新一期业绩显示，截至2025一季报，公司营业总收入15.30亿元、同比增长10.98%，归属净 利润1.88亿元，同比增长47.53%，扣非净利润1.70亿元，同比增长44.04%，流动比率6.035、速动比率 4.677、资产负债率13.79%。 天眼查商业履历信息显示，晶晨半导体(上海)股份有限公司，成立于2003年，位于上海市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本41832.6368万人民币，实缴资本6352 万人民币。公司法定代表人为JOHN ZHONG。 金融界消息 截至2025年7月31日收盘，晶晨股份（688099）报收于72.35元，下跌2.65%，换手率2.0%， 成交量8.41万手，成交金额6.19亿元。 资金流向方面，今日主力资金净流出5876.71万元，占比成交额9.5%。其中，超大单净流出1435.23万 元、占成交额2.32%，大单净流出4441.4 ...

（文章来源：每日经济新闻） 晶晨股份（SH 688099，收盘价：72.35元）7月31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累计回购公司股份约79.53万股，占公司总股本的比例为 0.1889%，回购成交的最高价为70.5元/股，最低价为65.82元/股，支付的资金总额约为人民币5495.18万 元。 2024年1至12月份，晶晨股份的营业收入构成为：集成电路占比100.0%。 ...

晶晨半导体(上海)股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日召 开第三届董事会第十五次会议，审议通过了《关于以集中竞价交易方式回购公司 股份方案的议案》。同意公司使用自有资金通过上海证券交易所交易系统以集中竞 价交易方式回购部分公司已发行的人民币普通股 A 股，用于员工持股计划或股权 激励。公司拟用于回购的资金总额不低于人民币 5,000 万元（含）且不超过人民 币 10,000 万元（含），回购股份的价格不超过人民币 121.58 元/股（含），回购股 份的期限自董事会审议通过本次回购股份方案之日起 12 个月内。具体内容详见公 司于 2025 年 4 月 11 日在上海证券交易所网站（www.sse.com.cn）披露的《关于 以集中竞价交易方式回购股份的预案》（公告编号：2025-026）以及 2025 年 4 月 19 日披露的《关于以集中竞价方式回购股份的回购报告书》（公告编号：2025-034）。 二、回购股份的进展情况 证券代码：688099 证券简称：晶晨股份 公告编号：2025-050 晶晨半导体（上海）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 ...

Summary of Key Points Core Viewpoint - The company, Jingchen Co., Ltd. (688099.SH), has announced a share buyback program, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1: Share Buyback Details - As of July 31, 2025, the company has repurchased a total of 795,289 shares, which represents 0.1889% of its total share capital [1] - The highest price paid for the repurchased shares was 70.50 CNY per share, while the lowest price was 65.82 CNY per share [1] - The total amount spent on the share buyback is approximately 54.95 million CNY, excluding transaction fees [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [6] Core Viewpoints - Telecom operators are increasing their layout in AI terminals, which is expected to open up growth space for the industry. The focus should be on AI terminal SoC manufacturers such as Amlogic and Rockchip [4][22] - The market is currently more focused on smart hardware and internet companies' layouts in AI terminals, while the role of telecom operators in this area has been overlooked. Telecom operators have strong channel advantages and brand effects in the smart home sector [8][9] - The growth momentum of mobile smart screens is strong, with a projected retail volume of 254,000 units in 2024, representing a year-on-year increase of 65%. The online market accounts for 86.5% of total retail volume [12][20] Summary by Sections Investment Suggestions and Targets - It is recommended to pay attention to Amlogic (688099, Buy) and Rockchip (603893, Not Rated) as potential investment targets in the AI terminal SoC sector [4][22] Industry Trends - Major telecom operators are launching innovative AI smart home terminal products, enhancing their competitive advantage in the smart home business. The integration of mobile smart screens with 5G and broadband services is expected to promote the application of AI terminals in home scenarios [8][9] - Telecom operators are investing in AI large models to enhance the intelligence of AI terminals. For instance, China Mobile showcased its AI technologies at the 2025 World Artificial Intelligence Conference, while China Telecom introduced its self-developed star model system [15][20] Market Growth Projections - The mobile smart screen market is expected to maintain rapid growth, with total retail volume projected to reach 470,000 units in 2025, reflecting an 85% year-on-year increase [12][20]