（记者 曾健辉） 截至发稿，东芯股份市值为522亿元。 每经头条（nbdtoutiao）——人口流失、土地闲置的城市要不要撤并？专访国家发改委专家高国力：未 来不排除，目前没到这阶段 每经AI快讯，东芯股份（SH 688110，收盘价：118元）9月2日晚间发布公告称，近期，公司就股票交 易风险的相关事项进行了核查。鉴于相关核查工作已完成，经公司向上海证券交易所申请，公司股票将 于2025年9月3日（星期三）开市起复牌。 2024年1至12月份，东芯股份的营业收入构成为：集成电路占比99.75%，其他业务占比0.25%。 ...

Core Viewpoint - The company is experiencing significant stock price volatility, with a cumulative increase of 207.85% from July 29 to August 28, 2025, leading to heightened market risks and potential irrational speculation [2][7][8] Stock Trading and Market Conditions - The company's stock will resume trading on September 3, 2025, after a temporary suspension due to abnormal trading fluctuations [2][6] - The stock's average turnover rate on August 28 was 11.77%, significantly higher than previous levels, indicating increased trading activity [2][7] - The rolling P/E ratio for the company is currently negative, while the industry average is 53.35, suggesting a disconnect between stock performance and financial fundamentals [2][7] Financial Performance - For the first half of 2025, the company reported revenue of 342.99 million yuan, a year-on-year increase of 28.81%, but incurred a net loss of 110.97 million yuan, which is an increase in losses compared to the previous year [3][8] - The company's financial performance has not aligned with the recent stock price surge, indicating potential risks related to market trading without corresponding improvements in profitability [3][8] Investment in Shanghai Lishuan - The company plans to invest approximately 500 million yuan in Shanghai Lishuan, with a portion of 210.53 million yuan coming from its own funds, resulting in a reduced ownership stake of about 35.87% post-investment [5][11] - Shanghai Lishuan has launched its first self-developed GPU chip and graphics card, but the products are still in the early stages of market introduction and have not yet generated revenue [4][8] Risks Associated with Investment - The investment in Shanghai Lishuan carries several risks, including industrialization progress risk, market competition risk, product concentration risk, performance risk, and ongoing operational and cash flow risks [9][10] - The global graphics card market is dominated by Nvidia and AMD, posing significant competitive challenges for domestic GPU manufacturers like Shanghai Lishuan [9][10]

Core Viewpoint - Dongxin Co., Ltd. (688110.SH) announced a stock suspension due to abnormal trading fluctuations, with a resumption expected on September 3, following a significant price increase and potential irrational speculation [1][4]. Group 1: Stock Trading and Market Performance - Dongxin's stock was suspended from trading on August 29 due to significant price volatility, with the suspension expected to last no more than three trading days [1]. - The stock price had a cumulative increase of 207.85% from July 29 to August 28, with an average turnover rate of 11.77%, indicating heightened trading activity [4]. - The company warned investors about potential market risks and irrational trading behavior, emphasizing that its fundamental business conditions had not changed significantly [1][4]. Group 2: Financial Performance - In the first half of 2025, Dongxin reported revenue of 343 million yuan, a year-on-year increase of 28.81%, but the net loss attributable to shareholders widened to 111 million yuan from 91.12 million yuan in the same period last year [5]. - As of the last trading day before suspension, Dongxin's stock price was 118 yuan per share, with a total market capitalization of 52.185 billion yuan [5][6]. Group 3: Investment Activities - On August 31, Dongxin announced a planned investment of approximately 500 million yuan in Shanghai Lisan, acquiring about 35.87% of its equity, which focuses on the development of scalable GPU chips [3]. - The investment decision was based on the growth potential of Shanghai Lisan and aligns with Dongxin's integrated strategy of "storage, computing, and networking" [3].

Core Viewpoint - Dongxin Co., Ltd. (688110) has completed its investigation regarding stock trading risks and will resume trading on September 3, following a significant stock price increase of 207.85% from July 29 to August 28, outperforming major indices [2][3]. Group 1: Company Operations - The company's fundamentals have not undergone significant changes, and both the company and its subsidiaries are operating normally without major shifts in their main business or external environment [3]. - Dongxin Co., Ltd. has invested 200 million yuan in Shanghai Lishuan for the development of its self-researched GPU chip "7G100" and the first graphics card product Lisuan eXtreme, which are currently in the sample testing phase with clients [3][4]. Group 2: Investment Details - The total investment amount for the project involving Shanghai Lishuan is approximately 50 million yuan, with Dongxin Co., Ltd. contributing about 21.05 million yuan, resulting in a 35.87% ownership stake post-investment [4]. - Following the capital increase, Dongxin Co., Ltd.'s ownership percentage in Shanghai Lishuan will decrease compared to before the investment [4].

Group 1: Stock Suspension and Resumption - Dongxin Co., Ltd. has experienced multiple instances of abnormal stock price fluctuations since July 29, 2025, leading to the resumption of its stock trading [1] - Tianpu Co., Ltd. has seen its stock price significantly deviate from its fundamental situation, posing substantial risks for investors; if the stock price continues to rise abnormally, the company may apply for a trading suspension for verification [1] Group 2: Investment Cooperation and Operational Status - Daoshi Technology's subsidiary, Hong Kong Jian Na, has invested USD 30 million to subscribe for preferred shares in Qiangnao Technology, thereby acquiring minority shareholder rights [2] - Fulei New Materials plans to raise no more than 710 million yuan through a private placement to fund expansion projects for label printing materials, electronic-grade functional materials, R&D center upgrades, and to supplement working capital [2] - Pairui Co., Ltd. has signed a strategic cooperation agreement with Xi'an Power Electronics Technology Research Institute to jointly develop and manufacture power devices represented by medium and high voltage IGBTs [2] - Diao Micro has recently launched its self-developed eUSB repeater product [2] - Sairisi reported a year-on-year increase of 19.57% in new energy vehicle sales for August [2] - Jiadu Technology plans to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange [2]

Group 1 - The core viewpoint of the article is that Dongxin Co., Ltd. (688110) has completed its investigation regarding stock trading risks and will resume trading on September 3, following a significant stock price increase of 207.85% from July 29 to August 28, which outperformed major indices [1][2]. Group 2 - Dongxin Co., Ltd. states that there have been no significant changes in its fundamentals, and its production and operational conditions remain normal. The company has made a recent investment of 200 million yuan in Shanghai Lishuan, which is not included in the consolidated financial statements [2][3]. - Shanghai Lishuan has developed its first self-researched GPU chip "7G100" and the first graphics card product Lisuan eXtreme, with ongoing optimization and sample deliveries to clients. However, these products have not yet generated revenue and face uncertainties in sales due to the need for product certification and mass production [2]. - The company plans to invest approximately 50 million yuan in Shanghai Lishuan alongside other investors, with Dongxin Co., Ltd. contributing about 21.05 million yuan, resulting in a decrease in its ownership stake to approximately 35.87% post-investment [3].

证券代码：688110 证券简称：东芯股份 公告编号：2025-050 东芯半导体股份有限公司 关于股票交易停牌核查结果暨复牌的公告 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： 证券停复牌情况：适用 1、因披露停牌核查结果,东芯半导体股份有限公司（以下简称"公司"）的相 关证券停复牌情况如下： | | | 2、根据《上海证券交易所上市公司自律监管指引第 4 号——停复牌》《上海 证券交易所科创板股票上市规则》等相关规定，经向上海证券交易所申请，公司 股票将于 2025 年 9 月 3 日（星期三）开市起复牌。 3、公司股票交易多次触及异常波动及严重异常波动情形。2025年7月29日至 2025年8月28日期间，公司股票交易2次触及股票交易异常波动情形，2次触及股票 交易严重异常波动情形，公司已累计发布5次异常波动、严重异常波动、交易风险 提示公告，提示股票交易风险；2025年8月22日、8月29日上海证券交易所公告已 对公司股票进行重点监控。公司股票价格剔除大盘和板块整体因素后的实际波动 幅度较大，存在市场 ...

Group 1 - The company Dongxin Co., Ltd. (688110.SH) has completed its review regarding stock trading risks and will resume trading on September 3, 2025 [1] - Recent media reports indicate that the company's investment in Lishuan Technology (Shanghai) Co., Ltd. has led to the launch of its first self-developed GPU chip "7G100" and the first graphics card product Lisuane Xtreme [1] - The products from Lishuan Technology are primarily aimed at applications in personal computers, professional design, AIPC, cloud gaming, cloud rendering, and digital twins, rather than large model computing clusters [1] Group 2 - The sales of the products are contingent upon product certification, customer onboarding, and mass production, all of which carry uncertainties [1] - Currently, Lishuan Technology has sent samples to some customers and is in the process of continuous optimization, with plans to advance production and sales [1] - As of now, the company has not generated any revenue from these products [1]

GPU概念股东芯股份(688110.SH)公告称，公司股票因股票交易异常波动及严重异常波动情形，自8月29日起停牌核查，预计停牌时间不超过3个交易 日。 核查工作已完成，公司股票将于9月3日复牌 。 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 688110 | 东芯股份 | A 股 复牌 | | | 2025/9/2 | 2025/9/3 | 公告指出，公司股票价格剔除大盘和板块整体因素后的实际波动幅度较大，可能存在非理性炒作，投资者参与交易可能面临较大的市场风险。 此外，公司基本面未发生重大变化，主营业务未发生重大变化，内外部经营环境未发生重大变化。公司还提醒投资者注意二级市场交易风险，理性 决策，审慎投资。 ...

Group 1 - The company Dongxin Co., Ltd. (688110.SH) has completed its investigation regarding stock trading risks and will resume trading on September 3, 2025 [1] - Recent media reports indicate that the company's investment enterprise, Lishuan Technology (Shanghai) Co., Ltd., has launched its first self-developed GPU chip "7G100" and the first graphics card product Lisuane Xtreme [1] - The products from Lishuan Technology are primarily aimed at applications in personal computers, professional design, AIPC, cloud gaming, cloud rendering, and digital twins, rather than large model computing clusters [1] Group 2 - The sales of the products are subject to uncertainties as they require product certification, customer onboarding, and mass production supply [1] - Currently, Lishuan Technology has sent samples to some customers and is in the process of continuous optimization, with plans to advance production and sales [1] - As of now, the company has not generated any revenue from these products [1]