（文/罗叶馨梅）11月20日，国家集成电路产业投资基金有限公司（下称"大基金"）正在加速推进退出早期投资项目。本周，科创板半导体公司燕东微 （688172.SH）与拓荆科技（688072.SH）相继披露大基金减持计划，按公告日收盘价估算，本次拟减持金额合计或超31亿元，引发市场对其资本运作节奏 的关注。 公告显示，拓荆科技于11月20日晚间收到大基金发来的减持计划告知函。大基金拟于2025年12月12日至2026年3月11日期间，通过大宗交易方式减持不超过 843.5万股，占公司总股本比例不超过3%。截至三季度末，大基金持有拓荆科技5502.67万股，持股比例19.57%，为公司第一大股东，本次减持全部采用大宗 交易方式，被认为有助于降低对二级市场的短期冲击。 在此之前的11月19日晚间，燕东微公告称，持股5%以上股东大基金因自身经营管理需要，计划于2025年12月11日至2026年3月11日，通过大宗交易或集中竞 价方式，减持不超过2141.43万股股份，即不超过公司总股本的1.5%。同时，股东北京京国瑞国企改革发展基金（有限合伙）亦拟在同一时间窗口内减持 1427.62万股。以公告日收盘价测算，大基金此次 ...

2025.11.21 本文字数：1557，阅读时长大约3分钟 作者 |第一财经 魏中原 国家集成电路产业投资基金有限公司（下称"大基金一期"）正在加速回收投资的步伐，继续推进其对早 期投资项目的退出。 本周，两家科创板半导体公司燕东微（688172.SH）与拓荆科技（688072.SH）相继发布公告，披露了 大基金一期的减持计划，减持金额或超30亿元，再次引发市场对该产业基金资本运作的关注。 拟减持两家半导体龙头，回收资金或超30亿 半导体设备厂商拓荆科技11月20日晚间发布公告称，公司收到了股东大基金一期的减持计划告知函。大 基金一期计划在2025年12月12日至2026年3月11日，通过大宗交易方式减持公司股份不超过843.5万股， 即不超过公司总股本的3%。 截至三季度末，大基金一期目前是拓荆科技的第一大股东，持股比例高达19.57%，持股数量5502.67万 股，所持股份全部为IPO前取得。大基金一期此次减持仅通过大宗交易进行，对二级市场的直接冲击相 对较小，3%的减持比例表明了其回收资金的节奏有所加快。 这是大基金一期在2025年内对燕东微发起的第三轮减持，前两轮减持合计股份数量为2626.72万股 ...

2025.11. 21 本文字数：1557，阅读时长大约3分钟 作者 | 第一财经 魏中原 国家集成电路产业投资基金有限公司（下称"大基金一期"）正在加速回收投资的步伐，继续推进其对 早期投资项目的退出。 本周，两家科创板半导体公司燕东微（688172.SH）与拓荆科技（688072.SH）相继发布公告，披 露了大基金一期的减持计划，减持金额或超30亿元，再次引发市场对该产业基金资本运作的关注。 拟减持两家半导体龙头，回收资金或超30亿 半导体设备厂商拓荆科技11月20日晚间发布公告称，公司收到了股东大基金一期的减持计划告知 函。 大基金一期计划在2025年12月12日至2026年3月11日，通过大宗交易方式减持公司股份不超 过843.5万股，即不超过公司总股本的3%。 截至三季度末，大基金一期目前是拓荆科技的第一大股东，持股比例高达19.57%，持股数量 5502.67万股，所持股份全部为IPO前取得。大基金一期此次减持仅通过大宗交易进行，对二级市场 的直接冲击相对较小，3%的减持比例表明了其回收资金的节奏有所加快。 前日（19日）晚间，燕东微发布公告，公司持股5%以上股东大基金一期，因自身经营管理需要， ...

Core Viewpoint - Shanghai Xinxiang Microelectronics Co., Ltd. (Xinxiang Micro) held its first extraordinary general meeting of shareholders for 2025, focusing on external investments and adjustments to fundraising purposes [1][2]. Group 1: Company Overview - Xinxiang Micro is an integrated circuit design company specializing in the research, design, and sales of display chips, being one of the first in China to achieve large-scale production of display chips [1]. - The company’s product range includes integrated and separated display chip categories, covering applications from smart wearables to automotive and industrial displays [1]. Group 2: Investment Decisions - The meeting approved six proposals, including an external investment in Beijing Electronic Digital Technology Co., Ltd. (Beijing Digital) and the termination of certain fundraising projects to supplement liquidity [2][5]. - Xinxiang Micro plans to invest 100 million yuan in Beijing Digital, which focuses on AI technologies, aiming to leverage growth opportunities in the AI sector [3][4]. Group 3: Financial Adjustments - The company decided to terminate the "Hefei Display Driver Chip Testing Production Line Construction Project," reallocating approximately 109 million yuan of surplus fundraising to enhance liquidity [5][6]. - The project had an initial budget of 127 million yuan, with only 17.9 million yuan spent as of September 30, 2025, indicating a construction progress of 14.15% [6]. Group 4: Strategic Focus - Xinxiang Micro's chairman emphasized the importance of aligning investment targets with the company's strategic direction, focusing on display chips and AI for future investments [4]. - The company aims to become a leader in the domestic display chip market, targeting a sales goal of 1 billion USD in the near future [6]. Group 5: Research and Development - Xinxiang Micro's R&D expenditure is 12.85%, which is lower compared to other OLED product companies, prompting a structural adjustment in its OLED business strategy [7]. - The company has invested in Shenghe Microelectronics and established a new entity, Xinshenghe Microelectronics, to focus resources on core technology development [7].

Core Viewpoint - The National Integrated Circuit Industry Investment Fund (referred to as "Big Fund Phase I") is accelerating its investment recovery process by continuing to exit early investment projects, with recent announcements indicating a potential reduction of over 3 billion yuan in investments in two semiconductor companies [1][2]. Group 1: Investment Reduction Plans - The semiconductor equipment manufacturer, Tuojing Technology, announced that Big Fund Phase I plans to reduce its holdings by up to 843.5 million shares, representing no more than 3% of the company's total share capital, between December 12, 2025, and March 11, 2026 [2]. - Yandong Micro also disclosed that Big Fund Phase I intends to reduce its holdings by up to 21.41 million shares, or 1.5% of its total share capital, during the same period [2]. - The total estimated reduction amount for both companies is approximately 3.12 billion yuan, with Yandong Micro's reduction valued at about 522 million yuan and Tuojing Technology's at approximately 2.597 billion yuan [2]. Group 2: Historical Context and Strategy - This marks the third round of reductions for Yandong Micro in 2025, with previous reductions totaling 26.27 million shares and at least 507 million yuan in cashing out [3]. - The reduction actions are part of a systematic strategy by Big Fund Phase I, which has been actively reducing its stakes in various key companies across the semiconductor industry, including equipment, manufacturing, design, and testing sectors [4]. - Notable examples include the reduction of holdings in Beifang Huachuang, where Big Fund Phase I decreased its stake to below 5%, having initially invested 1.511 billion yuan and cashing out at least 5.5 billion yuan through multiple reductions [4][5]. Group 3: Future Implications - The series of reductions reflects a clear operational logic of "Phase I recovery, Phases II and III relay," as Big Fund Phase I enters the latter half of its investment recovery period [6]. - The larger Phase II and upcoming Phase III funds are expected to focus on critical areas of the semiconductor industry that require breakthroughs, such as advanced manufacturing processes and high-end equipment, continuing the mission to support China's semiconductor industry [6].

Group 1 - EVE Energy signed a procurement framework agreement with its affiliate, Smoore International, for continuous procurement of battery cells starting from January 1, 2026 [1] - Zhaoyi Information plans to issue H-shares and list on the Hong Kong Stock Exchange [1] - Fuke Environmental announced a change in its stock abbreviation to "Fuke Technology" effective November 26 [1] Group 2 - Dajia Weikang's shareholder and director terminated a share reduction plan ahead of schedule, having reduced 1% of total shares [2] - Aohong Electronics received approval from the China Securities Regulatory Commission for the issuance of convertible bonds [2] - Yingfeng Environment's controlling shareholder plans to issue exchangeable bonds not exceeding 1 billion yuan [2] Group 3 - Longshen Rongfa's subsidiary obtained a renewed drug production license covering various pharmaceutical products [4] - Xinhua News' subsidiary invested 15 million yuan in a fund with a total commitment of 221 million yuan [5] - Guang'an Aizhong appointed two new deputy general managers [6] Group 4 - Fosun Pharma's subsidiary's drug for gastric cancer treatment was included in the breakthrough therapy program by the National Medical Products Administration [7] - Nanjiao Foods reported a significant decline in October net profit due to rising raw material costs [8] - Nanfeng Co. won two nuclear power project bids totaling 928.7 million yuan [10] Group 5 - Puluo Pharmaceutical received a drug registration certificate for its Cefdinir capsules [11] - Liming Co.'s subsidiary received environmental approval for a new pesticide raw material project [12] - Longhua New Materials' expansion project for polyether polyols has commenced trial production [13] Group 6 - Pumen Technology's products received IVDR CE certification from TÜV Rheinland [15] - China Chemical reported new contracts worth 312.67 billion yuan from January to October [18] - China Nuclear Construction achieved new contracts totaling 123.84 billion yuan as of October [19] Group 7 - Changshu Bank's executives plan to purchase at least 550,000 shares of the bank [20] - Shandong Steel's subsidiary is applying for bankruptcy liquidation to focus on core business [21] - Huakang Clean is expected to win a bid for a purification system project worth 176 million yuan [23] Group 8 - Huawu Co. plans to internally transfer subsidiary equity [24] - Tianen Kang's subsidiary received clinical trial acceptance for a new drug [26] - Tianyi Medical's subsidiary obtained a medical device registration certificate for a blood dialysis product [27] Group 9 - Xuelang Environment is facing a pre-restructuring application from creditors [27] - Chitianhua's subsidiary resumed production after passing safety inspections [28] - Huaping Co.'s director plans to reduce 0.03% of company shares [30] Group 10 - Xizhuang Co. plans to establish a wholly-owned subsidiary in Singapore [31] - Ruisheng Intelligent's subsidiary won a 60.23 million yuan ICT project bid [32] - Junyi Digital plans to invest 120 million yuan in Guanghong Precision [33] Group 11 - Fuguang Co.'s controlling shareholder plans to increase holdings between 80 million to 150 million yuan [34] - Ganyue Express reported a 13.68% increase in logistics revenue in October [39] - Jiangsu Sop terminated its 2025 private placement plan [41] Group 12 - Langke Intelligent's shareholders plan to reduce a total of 1.68% of company shares [42] - Yuantong Express reported an 8.97% increase in express product revenue in October [45] - Jinbei Automotive plans to invest 158 million yuan to acquire 52% of Zhongtuo Technology [46]

燕东微(688172.SH)现跌5.2%报24.44元，暂成交2.6亿元，最新市值348.9亿元。燕东微公告称，持股5%以上股东国家集成电路基金因自身经营管理需要，计 划通过大宗交易或集中竞价方式减持公司股份不超过2141.43万股，占公司总股本比例不超过1.5%；股东京国瑞因自身经营需要，计划通过大宗交易或集中 竞价方式减持公司股份不超过1427.62万股，占公司总股本比例不超过1%。减持期间均为2025年12月11日至2026年3月11日。(格隆汇) ...

Key Highlights - CICC plans to absorb and merge with Dongxing Securities and Xinda Securities, with stock suspension starting from November 20 [1] - Saiwu Technology has delivered a small batch of perovskite stacked component light-transmitting film, with minimal impact on performance [1] - Zhongfu Industrial intends to invest 259 million yuan in a green manufacturing project for aluminum-based new materials [1] - Dafeng Industrial has won a contract for the construction of stage craft equipment for an international performing arts center, valued at 165 million yuan [2] - Jinbei Automotive plans to invest a total of 158 million yuan to acquire 52% equity in Zhongtuo Technology [1] - Pro Pharmaceutical intends to repurchase shares worth between 180 million and 360 million yuan [1] - Yandong Micro plans to reduce its stake by up to 2.5% through shareholders Jingguorui and the National Integrated Circuit Fund [1][3] - Zhaomin Technology plans to issue convertible bonds to raise no more than 590 million yuan [1] - Dongsoft Group has received a notification from an automotive manufacturer for designated cooperation [1]

Key Points - CICC plans to absorb and merge with Dongxing Securities and Xinda Securities, with stock suspension starting from November 20 [1] - Saiwu Technology has delivered a small batch of perovskite stacked component light-transmitting films, with minimal impact on performance [1] - Zhongfu Industrial intends to invest 259 million yuan in a green manufacturing project for aluminum-based new materials [1] - Zhaomin Technology plans to issue convertible bonds to raise no more than 590 million yuan [1] - Jinbei Automotive aims to invest a total of 158 million yuan to acquire 52% equity in Zhongtuo Technology [1][2] - Pro Pharmaceutical plans to repurchase company shares worth between 180 million and 360 million yuan [2] - Sudar Co. plans to reduce its stake by no more than 3% [2] - Yandong Micro and the National Integrated Circuit Fund plan to collectively reduce their stake by no more than 2.5% [2] - Fuguang Co.'s controlling shareholder plans to increase its stake by 80 million to 150 million yuan [2] - Dongsoft Group has received a notification from an automotive manufacturer for designated cooperation [1][2]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688172 证券简称：燕东微 公告编号：2025-081 北京燕东微电子股份有限公司 持股5%以上股东减持股份计划公告 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： ● 大股东持有股份的基本情况 截至本公告日，公司持股5%以上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"）持有北京燕东微电子股份有限公司（以下简称"公司""燕东微"）86,747,202股，占公司总股本 的6.08%。上述股份来源为公司首次公开发行股票并上市前取得。 公司5%以上股东北京京国瑞国企改革发展基金（有限合伙）（以下简称"京国瑞"）持有燕东微 83,878,055股，占公司总股本的5.88%。上述股份来源为公司首次公开发行股票并上市前取得。 ● 减持计划的主要内容 公司5%以上股东国家集成电路基金因自身经营管理需要，本次拟通过大宗交易或集中竞价的方式减 持，将于本减持计划披露之日起15个交易日之后的三个月内减持公司股份不超过21,41 ...