Key Points - Jiangnan Water received a stake increase from Lianan Life Insurance, reaching 5.03% of total shares [3] - Yingboer plans to transfer 100% equity of Zhuhai Dingyuan for 239 million yuan to optimize asset structure [4] - Chengbang Co. warns that its stock price fluctuations are not aligned with its fundamentals, as it has seen five consecutive trading days of price increases [6] - Weimais intends to invest 190 million yuan into its subsidiary for a new electric drive assembly project [7] - Fosun Pharma's subsidiary received EU GMP certification for its production facilities, indicating compliance with EU standards [8] - Jingwei Huikai plans to acquire an additional 12.44% stake in Nosi Micro, increasing its control in the semiconductor sector [9] - ST Tongmai will remove its delisting risk warning starting July 4, while continuing other risk warnings [10] - ST Modern seeks to apply for the removal of other risk warnings but will maintain delisting risk warnings [11] - Luxshare Precision is planning to issue H-shares for listing on the Hong Kong Stock Exchange [12] - Hainan Highway intends to purchase a 51% stake in Hainan Jiaokong Petrochemical, which will become a subsidiary [13] - Jucheng Co. plans to transfer 1.25% of its shares through a price inquiry [14] Performance Highlights - Foton Motor reported a 150.96% year-on-year increase in new energy vehicle sales for the first half of the year [15] - Jiangling Motors achieved a total vehicle sales of 172,700 units in the first half, up 8.15% year-on-year [16] - Changan Automobile's sales reached 1.3553 million units in the first half, with new energy vehicle sales growing by 49.05% [17] - Meinuohua expects a net profit increase of 142.84% to 174.52% for the first half of the year [18] - Jihong Co. anticipates a net profit increase of 55% to 65% for the first half of the year [19] - Nanjing Business Travel expects a net profit decrease of 67.4% to 78.27% for the first half of the year [20] - Madi Technology forecasts a net profit of 25 million to 27 million yuan, marking a turnaround from losses in the previous year [21] Major Contracts - Dash Intelligent signed a contract for an intelligent project worth 11.88 million yuan [22] - Jinyi Industrial won a bid for a 335 million yuan intercity railway materials procurement project [23] - Sichuan Road and Bridge signed a construction contract worth approximately 11.596 billion yuan [24] - Fulian Precision signed a cooperation framework agreement with Chuanfa Longmang for lithium battery material projects [26] Share Buybacks - Kweichow Moutai repurchased 72,000 shares in June, totaling 1.02 billion yuan [27] - Feiwo Technology plans to repurchase shares worth 25 million to 50 million yuan [28] - Nengte Technology intends to repurchase shares worth 300 million to 500 million yuan for capital reduction [29] - CATL has repurchased 6.641 million A-shares for a total of 1.551 billion yuan [30] Shareholding Changes - Renfu Pharmaceutical's shareholder plans to increase its stake by 1% to 2% [31] - Sanwei Xinan's shareholder intends to reduce its stake by up to 2% [33] - Data Port's shareholders plan to reduce their stakes by up to 2% [34] - Zhuzhou Design's controlling shareholders plan to reduce their stakes by up to 3% [35] - Tianji Co.'s controlling shareholders plan to reduce their stakes by up to 3% [36] - Anjisi's shareholders plan to reduce their stakes by up to 4% [37] Financing Activities - CITIC Securities received approval to issue up to 20 billion yuan in perpetual subordinated bonds [39]

Group 1 - Guizhou Moutai has repurchased a total of 3.3821 million shares as of June 30, 2025, accounting for 0.2692% of the total share capital, with a total expenditure of 5.202 billion yuan [2] - Luxshare Precision is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global financing capabilities and governance transparency [2] - Huazhong Xinchuang has received a project notification from a leading domestic eVTOL manufacturer for the development and supply of an intelligent cockpit multimedia display system [3] Group 2 - Meinohua expects a net profit of 46 million to 52 million yuan for the first half of 2025, representing a year-on-year increase of 142.84% to 174.52% [4] - Jiangnan Water has received a report from shareholder Lianan Life Insurance indicating an increase in shareholding by 46.99 million shares, representing 5.03% of the total share capital [5] - Huasen Pharmaceutical has received approval for clinical trials of its CX001 sustained-release tablets, marking a milestone for its innovative drug development platform [6] Group 3 - Zongshen Power anticipates a net profit growth of 70% to 100% for the first half of the year [7] - Yutong Bus reported a sales volume of 5,919 units in June, a year-on-year increase of 24.79% [7] - Guangzhou Port expects a 7.0% year-on-year increase in container throughput for June 2025 [7] Group 4 - Data Port's shareholders plan to reduce their holdings by up to 1.74% and 0.26% of the company's shares [9] - Humanwell Healthcare's shareholder plans to increase its stake by 1% to 2% [9] - Nengte Technology plans to repurchase shares worth between 300 million to 500 million yuan [10]

证券代码：688123 证券简称：聚辰股份 公告编号：2025-032 宁波梅山保税港区登矽全投资管理合伙企业（有限合伙）、宁波梅山保税港 区望矽高投资管理合伙企业（有限合伙）、宁波梅山保税港区建矽展投资管理合 伙企业（有限合伙）、宁波梅山保税港区发矽腾投资管理合伙企业（有限合伙） 保证向聚辰半导体股份有限公司提供的信息内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 拟参与聚辰半导体股份有限公司（以下简称"聚辰股份"或"公司"）首 发前股东询价转让（以下简称"本次询价转让"）的股东为宁波梅山保税港区登 矽全投资管理合伙企业（有限合伙）（以下简称"登矽全"）、宁波梅山保税港区 望矽高投资管理合伙企业（有限合伙）（以下简称"望矽高"）、宁波梅山保税港 区建矽展投资管理合伙企业（有限合伙）（以下简称"建矽展"）、宁波梅山保税 港区发矽腾投资管理合伙企业（有限合伙）（以下简称"发矽腾"）（以上股东合 并简称"出让方"）； 本次询价转让不通过集中竞价交易或大宗交易方式进行，不属于通过二 ...

中信证券股份有限公司 关于聚辰半导体股份有限公司股东 向特定机构投资者询价转让股份 相关资格的核查意见 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 中信证券股份有限公司（以下简称"中信证券"）受聚辰半导体股份有限公 司（以下简称"聚辰股份"）股东宁波梅山保税港区登矽全投资管理合伙企业（有 限合伙）、宁波梅山保税港区望矽高投资管理合伙企业（有限合伙）、宁波梅山 保税港区建矽展投资管理合伙企业（有限合伙）、宁波梅山保税港区发矽腾投资 管理合伙企业（有限合伙）委托，组织实施本次聚辰股份首发前股东向特定机构 投资者询价转让（以下简称"本次询价转让"）。 根据《关于在上海证券交易所设立科创板并试点注册制的实施意见》《科创 板上市公司持续监管办法（试行）》《上海证券交易所科创板股票上市规则》《上 海证券交易所科创板上市公司自律监管指引第 4 号——询价转让和配售》（以下 简称"《询价转让和配售指引》"）等相关规定，中信证券对参与本次询价转让 股东的相关资格进行核查，并出具本核查意见。 一、本次询价转让的委托 中信证券已收到出让方关于本次询价转让的委托，委托中信证券组织实施本 次询价转让。 二、关于参与本次 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [8] Core Insights - The report highlights significant opportunities in the storage sector driven by continuous price increases, AI catalysis, and accelerated domestic production [2][3][5] - The semiconductor storage market is expected to gradually recover starting from the end of March 2025, with both DRAM and NAND entering an upward price channel [3][16] - The demand for storage is being propelled by AI applications, with expectations for substantial growth in HBM and DDR5 demand by 2025 [4][81] Summary by Sections Price Analysis - The report anticipates sustained price increases in Q3 and Q4, with DDR4 leading the market due to supply-side reforms and production cuts by major manufacturers [15][19] - DRAM and NAND prices are expected to rise significantly, with PC DDR4 contract prices projected to increase by 18-23% in Q3 [24][31] Supply Side - The Chinese semiconductor storage market is projected to grow from approximately 394.3 billion yuan in 2023 to 458 billion yuan in 2025, with DRAM holding the largest market share [59][61] - Major overseas manufacturers are reducing production, benefiting domestic companies and increasing their market share [59][63] Demand Side - The report indicates that DRAM and NAND are entering a long growth cycle, with DRAM demand capacity expected to grow by 16% in 2024 and 15% in 2025 [81][83] - The demand for enterprise-level SSDs is expected to rise significantly, with AI infrastructure driving performance and capacity upgrades [4][81] Technology Trends - The report discusses advancements in 3D NAND technology and the transition to higher efficiency DRAM processes, with expectations for 300-layer NAND production by 2025 [72][73] - The integration of AI technologies is expected to enhance the performance and capacity of storage solutions, particularly in enterprise applications [4][5] Company Dynamics - Domestic storage manufacturers are accelerating their technological advancements and production capabilities, with companies like Jiangbolong and Baiwei Storage leading the charge in high-end storage solutions [5][6][63] - The report emphasizes the importance of self-developed controllers and high-end technology in building competitive advantages for domestic firms [5][6]

聚辰股份：四家员工持股平台拟询价转让1.25%股份 《科创板日报》2日讯，聚辰股份(688123.SH)公告称，公司股东宁波梅山保税港区登矽全、望矽高、建 矽展、发矽腾计划通过询价转让方式合计转让公司1.25%的股份，转让原因为自身资金需求。本次询价 转让的出让方均系公司员工持股平台。本次询价转让不通过集中竞价交易或大宗交易方式进行，受让方 需具备相应定价能力和风险承受能力。 ...

本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 截至本公告披露之日，亦鼎投资持有本公司 762.09 万股股份，占公司总 股本的比例为 4.82%。 证券代码：688123 证券简称：聚辰股份 公告编号：2025-031 聚辰半导体股份有限公司 关于股东部分股份解除质押的公告 宁波亦鼎创业投资合伙企业（有限合伙）保证向聚辰半导体股份有限公司提 供的信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其真实性、 准确性和完整性依法承担法律责任。 | 股东名称 | 亦鼎投资 | | --- | --- | | 本次解除质押股份 | 万股 300 | | 占其所持股份比例 | 39.37% | | 占公司总股本比例 | 1.90% | | 解除质押时间 | 2025 年 6 月 13 日 | | 持股数量 | 762.09 万股 | 一、本次股份解除质押情况 | 持股比例 | 4.82% | | --- | --- | | 剩余被质押股份数量 | 万股 220 | | 剩余被质押股份数量占其所持股份比例 | 28.87% | | 剩余被质押股份数量占公司总股本比例 | 1.3 ...

聚辰半导体股份有限公司 简式权益变动报告书 上市公司名称：聚辰半导体股份有限公司 股票上市地点：上海证券交易所 股票简称：聚辰股份 股票代码：688123 信息披露义务人：宁波亦鼎创业投资合伙企业（有限合伙） 住所及通讯地址：浙江省宁波市江北区慈城镇慈湖人家 371 号 1598 室 股权变动性质：信息披露义务人持有上市公司股份减少及被动稀释或增加 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国公司法》、《中华人 民共和国证券法》、《上市公司收购管理办法（2025 年修订）》、《公开发行 证券的公司信息披露内容与格式准则第 15 号——权益变动报告书（2025 年修 订）》等有关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》、《上市公司收购管理办法（2025 年 修订）》、《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变 动报告书（2025 年修订）》的有关规定，本报告书已全面披露信息披露义务人 在聚辰半导体股份有限公司拥有权益的股份变动情况。 ...

证券代码：688123 证券简称：聚辰股份 公告编号：2025-030 聚辰半导体股份有限公司 股东询价转让结果报告书 暨持股 5%以上股东权益变动比例触及 1%整数倍且 持有权益比例降至 5%以下的权益变动提示性公告 信息披露义务人宁波亦鼎创业投资合伙企业（有限合伙）保证向聚辰半导体股 份有限公司提供的信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对 其真实性、准确性和完整性依法承担法律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示: 本次询价转让的价格为63.19元/股，转让的股票数量为3,800,000股。 聚辰半导体股份有限公司（以下简称"公司"）控股股东、实际控制人、 董事、监事及高级管理人员不参与本次询价转让。 本次询价转让未涉及公司控股股东、实际控制人，本次转让不会导致公司 控股股东、实际控制人发生变化。 本次询价转让完成后，宁波亦鼎创业投资合伙企业（有限合伙）（以下简 称"亦鼎投资"或"转让方"）持有本公司 7,620,906 股股份，占公司总股本的比例 由8.09%减少至4.82%，累计权益变动比例触及 1%的整数倍且其所持有的公司权益 比例 ...

中信证券股份有限公司（以下简称"中信证券"或"组织券商"）受委托担任宁波 亦鼎创业投资合伙企业（有限合伙）（以下简称"转让方"）以向特定机构投资者询价 转让（以下简称"询价转让"）方式减持所持有的聚辰半导体股份有限公司（以下简称 "公司"或"聚辰股份"）首次公开发行前已发行股份的组织券商。 经核查，中信证券就本次询价转让的股东、受让方是否符合《上海证券交易所科创 板上市公司自律监管指引第 4 号——询价转让和配售（2025 年 3 月修订）》（以下简 称"《询价转让和配售指引》"）要求，本次询价转让的询价、转让过程与结果是否公 平、公正，是否符合《询价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让转让方 中信证券股份有限公司 关于聚辰半导体股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 截至 2025 年 5 月 26 日转让方所持公司首发前股份的数量及占公司总股本比例情 况如下： | 序号 | 股东名称 | | 截至 2025 年 | 5 月 | 26 日 | 持股比例 | | --- | --- | --- | --- | --- | --- ...