Group 1 - The company Beijing 8 Billion Space Liquid Crystal Technology Co., Ltd. announced the progress of its share repurchase plan through centralized bidding [1] - The repurchase plan was first disclosed on May 17, 2025, with an implementation period from May 16, 2025, to May 15, 2026, and an expected repurchase amount between 50 million to 100 million yuan [1] - The company has repurchased a total of 477,000 shares, accounting for 0.35% of the total share capital, with a cumulative repurchase amount of 13,367,414.68 yuan [1] Group 2 - The actual repurchase price range was between 27.69 yuan per share and 28.20 yuan per share [1]

Core Viewpoint - The establishment of a high-end semiconductor photoresist resin production line by Beijing Aiyishikong Liquid Crystal Technology Co., Ltd. marks a significant breakthrough in the domestic high-end photoresist resin sector, aligning with the company's mission of technological innovation and national strategy service [1][2]. Group 1: Company Overview - Aiyishikong was founded in July 2004 and went public on the Sci-Tech Innovation Board in January 2020, with a diversified business layout including liquid crystal materials, polymer dispersed liquid crystal (PDLC), organic electroluminescent materials (OLED), polyimide (PI), and photoresist materials [1]. - The company has developed a full series of research and production capabilities for KrF photoresist resin, collaborating with leading photoresist manufacturers to create high-performance resins [3]. Group 2: Market Demand and Strategic Partnerships - The global semiconductor market demand has surged due to the rise of artificial intelligence and 5G, with photoresist being a core material for chip manufacturing, where approximately 90% of the upstream key raw material, photoresist resin, is imported [2]. - Aiyishikong's subsidiary, Shanghai Aiyishikong Advanced Materials Co., Ltd., has formed a strategic partnership with Xiamen Hengkang New Materials Technology Co., Ltd., which holds an 11.11% stake in the subsidiary and is a supplier for several 12-inch wafer fabs [2]. Group 3: Future Growth and Revenue Projections - The company anticipates achieving revenue in the range of millions by the second half of 2025 from photoresist resin, with expectations to exceed 100 million after full production capacity is reached [3]. - Future plans include gradually expanding production capacity to 200 to 300 tons of photoresist resin annually over the next five years, alongside continued investment in research and development [3]. Group 4: New Application Markets - Aiyishikong has been recognized as a strategic supplier of domestic TFT liquid crystal materials for leading panel manufacturers, including BOE Technology Group Co., Ltd. [4]. - The company is actively exploring new application markets, particularly in automotive displays, driven by the increasing demand for intelligent features in electric vehicles [4][5]. - Aiyishikong has developed dye liquid crystals for smart dimming applications in skylights, entering the high-end market, and has successfully tested and sold several automotive display liquid crystal materials [5].

Core Viewpoint - The company, Beijing Eight Billion Space Liquid Crystal Technology Co., Ltd., is actively investing in the semiconductor industry, particularly in liquid cooling technology, to meet the growing demand for AI computing power and is optimistic about the future of this sector [2][3]. Company Overview - Beijing Eight Billion Space was established on July 9, 2004, and went public on January 6, 2020. The company specializes in the research, production, and sales of liquid crystal materials for displays [7]. - The main revenue sources for the company include mixed liquid crystal (90.87%), other products (6.09%), and liquid crystal monomers (1.04%) [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 415 million yuan, representing a year-on-year growth of 10.63%. However, the net profit attributable to shareholders decreased by 37.90% to 30.87 million yuan [8]. - The company has distributed a total of 128 million yuan in dividends since its A-share listing, with 41.30 million yuan distributed over the past three years [9]. Investment Activities - The company has invested 50 million yuan in Nantong Zhanding, a company it has a stake in since 2022, which produces electronic fluorinated liquids for semiconductor manufacturing and supercomputing server cooling [2]. - The company is committed to ongoing support in terms of industrial cooperation and capital for Nantong Zhanding, reflecting its confidence in the fluorinated liquid industry [2]. Market Position - As of June 30, 2025, the company had 9,597 shareholders, an increase of 17.18% from the previous period, while the average circulating shares per person decreased by 14.66% [8]. - The company operates within the electronic-optical electronics panel sector and is involved in various concept sectors, including new materials and OLED [8].

数据显示，二季度末有两家社保基金出现在八亿时空前十大流通股东名单中，合计持股423.10万股，占 流通股比例为3.15%。社保基金持股量较上季度减少2.31%。 八亿时空今日主力资金净流入1745.73万元，占流通市值比为0.3%。近五日主力资金净流出8773.33万 元，占流通市值比为1.51%。 风险提示：股市有风险，投资需谨慎。 八亿时空股价报43.15元，较前一交易日下跌0.43元，跌幅0.99%。盘中最高触及45.24元，最低下探 41.73元，成交金额达5.99亿元，换手率为10.20%。 八亿时空主营业务为液晶显示材料的研发、生产和销售，产品主要应用于智能手机、平板电脑等消费电 子产品。公司属于光学光电子行业，注册地位于北京。 ...

北京八亿时空液晶科技股份有限公司 2025 年第一次临时股东大会会议资料 证券代码：688181 证券简称：八亿时空 北京八亿时空液晶科技股份有限公司 2025 年第一次临时股东大会 会议资料 2025 年 9 月 1 四、会议按照会议通知上所列顺序审议、表决议案。 | 议案》 7 | | --- | 北京八亿时空液晶科技股份有限公司 2025 年第一次临时股东大会会议资料 北京八亿时空液晶科技股份有限公司 2025 年第一次临时股东大会会议须知 各位股东及股东代表： 为维护股东的合法权益，确保股东及股东代表在本公司 2025 年第一次临时 股东大会期间依法行使权利，保证股东大会的正常秩序和议事效率，依据《中华 人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以 下简称《证券法》）、《上市公司股东会规则》等法律法规以及《北京八亿时空 液晶科技股份有限公司章程》（以下简称《公司章程》）、《北京八亿时空液晶 科技股份有限公司股东大会议事规则》的规定，北京八亿时空液晶科技股份有限 公司（以下简称"公司"）特制定本次股东大会会议须知： 一、现场出席会议的股东（包括股东代理人，下同）须在会议召开前到 ...

Core Viewpoint - The company is convening its first extraordinary general meeting of shareholders in 2025 to discuss and approve a comprehensive credit limit application and guarantee provision for its subsidiaries, aiming to enhance operational funding capabilities and support business development [2][6]. Group 1: Meeting Procedures - Shareholders must sign in and present identification documents before attending the meeting [2][3]. - The meeting will follow a structured agenda, including the announcement of attendees, reading of meeting guidelines, and voting on proposed resolutions [6][9]. - Voting will be conducted through both on-site and online methods, with specific timeframes for participation [5][6]. Group 2: Credit Limit and Guarantee Proposal - The company plans to apply for a comprehensive credit limit not exceeding RMB 1.426 billion, which includes various financing options such as short-term loans and bank guarantees [6][8]. - The company’s actual controlling shareholders will provide guarantees for the credit limit, and the company will use its assets as collateral for loans [8][9]. - The total amount of guarantees provided by the company for its subsidiaries will not exceed RMB 370 million, with specific allocations for each subsidiary [8][10]. Group 3: Financial Impact - The proposed guarantees represent 34.92% of the company's most recent audited total assets and 48.81% of its net assets [10]. - The decision on the credit limit and guarantees will be valid for 12 months following the approval at the shareholders' meeting [9].

Group 1: Market Trends in AI and Computing Power - China's computing power platforms are accelerating construction, with 10 provinces officially connected, and a projected growth of over 40% in intelligent computing power by 2025 [8] - Deepseek has optimized data formats UE8M0 FP8 to address the computing power limitations of domestic AI chips, with Zhongke Shuguang completing a full industry chain layout in computing power [11] - The domestic supernode penetration rate is expected to accelerate, with significant performance elasticity anticipated for related companies like Shengke Communication and Feiling Kesi [16][18] Group 2: Company Performance and Developments - Cambridge Technology reported a 15.48% revenue increase and a 51.12% net profit increase in the first half of 2025, driven by high-end product breakthroughs and AI data center demand [20][21] - Shengyi Electronics achieved a revenue of 3.769 billion (up 91%) and a net profit of 531 million (up 452%) in the first half of 2025, with a focus on the 800G market [22] - Haiguang Information's DCU series products are among the few domestic GPGPU products capable of full precision floating-point and various integer data calculations, leading to a 36.74% increase in stock price [25][26] Group 3: Liquid Cooling Technology - AI model updates and application deployments are driving demand for liquid cooling solutions, with the global AI liquid cooling market expected to reach $8.6 billion by 2026 [35] - The main liquid cooling medium is expected to shift towards perfluorinated compounds, with companies like Xinzhou Bang and Bayi Shikong showing significant stock price increases [36][40] - The cessation of PFAS production by 3M by the end of 2025 presents an opportunity for Chinese fluorochemical companies to enter the high-end market, with Sanmei Co. experiencing a stock surge [38][39] Group 4: Investment Opportunities - The potential for investment in companies related to AI and computing power is highlighted, with significant stock price increases observed in companies like Zhongke Shuguang, Cambridge Technology, and Haiguang Information [11][20][25] - The liquid cooling market is also seen as a growth area, with companies like Xinzhou Bang and Sanmei Co. benefiting from the transition to liquid cooling technologies [36][38]

Group 1: Company Research - Yiyu Shikong has made significant progress in automotive and dye LCD materials, photoresist resin, PSPI business, and OLED materials, with automotive LCD materials entering mass production and expected to generate tens of millions in revenue by H2 2025 [1] - ST Chengchang has seen a recovery in downstream user demand, with a notable increase in orders and projects, particularly in satellite and low-orbit satellite fields, which are expected to become new growth points [1] - Jibite has focused on user-driven innovation in game development, with successful titles like "Zhang Jian Chuan Shuo" and "Dao You Lai Wa Bao," while also adjusting its business focus and optimizing personnel configuration [2] - Huadong Pharmaceutical has made significant advancements in innovative drug development across various fields, with multiple products entering clinical stages and a growing revenue share from innovative drugs [3] Group 2: Market Insights - The automotive LCD materials market is expected to grow significantly, with Yiyu Shikong's production capacity reaching 200 tons annually and a focus on new customer development [1] - The low-orbit satellite sector is projected to see substantial growth, with ST Chengchang leveraging its technological advantages to meet increasing demand [1] - The gaming industry is experiencing diverse demand and intense competition, prompting companies like Jibite to focus on user needs and innovative gameplay [2] - The innovative drug market is expanding, with Huadong Pharmaceutical's innovative drug business revenue approaching 15% of total revenue in H1 [3] Group 3: Financial Performance - Silver华基金 has an asset management scale of 576.925 billion, ranking 22nd among 210 firms, with a notable performance from its Hong Kong Stock Connect Innovation Drug ETF, which grew by 123.18% in the past year [4]

Core Viewpoint - The company Ba Yi Shi Kong (688181.SH) expresses optimism about its investment in Nantong Zhan Ding, which specializes in electronic fluorinated liquids used in semiconductor manufacturing and immersion cooling for supercomputers, driven by the increasing demand for AI computing power [1] Company Summary - Ba Yi Shi Kong holds an 11.5892% stake in Nantong Zhan Ding, making it the second-largest shareholder [1] - The company plans to support Nantong Zhan Ding's development through various means, reflecting confidence in the fluorinated liquid industry and Nantong Zhan Ding's growth trajectory [1] Industry Summary - The demand for AI computing is leading to increased server power consumption, necessitating new technologies for efficient heat dissipation [1] - Liquid cooling technology is identified as the optimal solution, particularly materials derived from the perfluoroammonium electrolysis method, which are scarce and primarily used in semiconductor and AI cooling liquids [1] - Nantong Zhan Ding possesses significant technical expertise and production advantages in this area, positioning it well for future growth [1]

Core Viewpoint - The company Ba Yi Shi Kong (八亿时空) expresses optimism about its investment in Nantong Zhan Ding, which specializes in electronic fluorinated liquids used in semiconductor manufacturing and immersion cooling for supercomputers, driven by the increasing demand for AI computing power [1] Company Summary - Ba Yi Shi Kong holds an 11.5892% stake in Nantong Zhan Ding, making it the second-largest shareholder [1] - The company plans to support Nantong Zhan Ding's development through various means, reflecting confidence in the fluorinated liquid industry and Nantong Zhan Ding's growth trajectory [1] Industry Summary - The demand for AI computing is leading to increased server power consumption, necessitating new technologies for efficient heat dissipation [1] - Liquid cooling technology is identified as the optimal solution, particularly the materials produced through the perfluoroalkyl electrolyte method, which are scarce and primarily used in semiconductor and AI cooling liquids [1] - Nantong Zhan Ding possesses significant technical expertise and production advantages in this area, positioning it well for future growth [1]