Group 1 - The A-share market saw a strong performance in semiconductor stocks, with notable gains including a 20% limit up for Purun Co., over 11% increase for Shenkong Co., and over 10% rise for Huahong Group, leading to a 3.82% and 3.7% increase in the Sci-Tech Semiconductor ETF and Chip ETF respectively [1] - The "14th Five-Year Plan" emphasizes significantly enhancing technological self-reliance and strength, aiming to "lead the development of new quality productivity" and explicitly stating the need to "seize the high ground in technological development" [1] - The Minister of Science and Technology, Yin Hejun, announced the acceleration of innovation in artificial intelligence and digital technologies, focusing on enhancing the supply of computing power, algorithms, and data through the comprehensive implementation of the "AI+" initiative [1] - The consumer electronics market is experiencing a surge in new product releases, driven by demand from AI, data centers, and terminal storage, leading to a continuous rise in the storage market, with major manufacturers like Samsung and SK Hynix announcing a 30% price increase for memory [1] - Google has made a breakthrough in quantum computing with the launch of the "Willow" chip [1] - Financial reports from Cambrian, TSMC, and ASML indicate that the semiconductor industry is still in an upward cycle, with AI being a significant growth driver for the sector [1] Group 2 - The Sci-Tech Semiconductor ETF (588170) has seen a total net inflow of 3.13 billion yuan over the past 20 days, with constituent stocks covering domestic replacement equipment and materials, including companies like Zhongwei Co. (etching equipment), Tuojing Technology (thin film deposition equipment), and Huahai Qingke (CMP equipment) [2] - The largest chip industry ETF, Chip ETF (159995), has a current scale of 28.6 billion yuan, with a net inflow of 2.886 billion yuan over the past 20 days, covering the entire semiconductor industry chain including leading companies like SMIC, Cambrian, Changdian Technology, and Northern Huachuang [1]

Core Insights - The third China Listed Companies Industry Development Forum was held on September 21, 2025, focusing on "Future Industries and State Capital Empowering Listed Companies" [3] - The event highlighted a new model of collaboration between state capital and cutting-edge technology to empower listed companies [3] - The authoritative list of "Future Industry Stars" was unveiled, showcasing companies with high technological barriers and industry leadership across six key sectors [3] Future Information Industry Stars - The list includes notable companies such as: - PCCW Limited (00008.HK) - Ciwang Media (002343.SZ) - Siwei Map (002405.SZ) - Haige Communication (002465.SZ) - Kainet Network (002517.SZ) [5][6] Future Manufacturing Industry Stars - Key companies recognized in this category include: - Wan Feng Ao Wei (002085.SZ) - AVIC Optoelectronics (002179.SZ) - Zhongchao Holdings (002471.SZ) - Hailian Jinhui (002537.SZ) - Zanyu Technology (002637.SZ) [9][10] Future Energy Industry Stars - The recognized companies in this sector are: - Zhun Oil Co., Ltd. (002207.SZ) - Zhaoxin Co., Ltd. (002256.SZ) - Jiangsu Guoxin (002608.SZ) - Mingyang Electric (301291.SZ) - Hainan Mining (601969.SH) [12][13] Future Materials Industry Stars - Notable companies include: - Chengda Zhi (000602.SZ) - Guofeng New Materials (000859.SZ) - Ok Technology (001223.SZ) - Donghua Technology (002140.SZ) - Yutong Technology (002831.SZ) [14][15] Future Space Industry Stars - Key players recognized in this category are: - Hengtian Hailong (000677.SZ) - Aerospace Rainbow (002389.SZ) - Tianhai Defense (300008.SZ) - Ningbo Port (601018.SH) [16] Future Health Industry Stars - The list features companies such as: - Enhua Pharmaceutical (002262.SZ) - Aier Eye Hospital (300015.SZ) - Huada Gene (300676.SZ) - Shunyu Co., Ltd. (301519.SZ) [17][18]

Market Overview - The net outflow of main funds in the Shanghai and Shenzhen markets reached 33.733 billion yuan, with the Sci-Tech Innovation Board experiencing a net outflow of 1.968 billion yuan [1] - A total of 229 stocks saw net inflows, while 360 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 227 stocks rose while 351 stocks fell [1] - The top three stocks with the highest net inflow were: - Semiconductor Manufacturing International Corporation (SMIC) with a net inflow of 536 million yuan - Tuojing Technology with a net inflow of 236 million yuan - Guodun Quantum with a net inflow of 152 million yuan [1][2] Continuous Fund Flow Analysis - There are 56 stocks that have seen continuous net inflows for more than three trading days, with Kangwei Century leading at 15 consecutive days of inflow [2] - Conversely, 135 stocks have experienced continuous net outflows, with Hangke Technology leading at 16 consecutive days of outflow [2] Top Fund Inflows - The top stocks by net inflow are as follows: - SMIC: 536.39 million yuan, with a flow rate of 6.67% and a price increase of 1.17% [2] - Tuojing Technology: 236.32 million yuan, with a flow rate of 9.46% and a price increase of 3.89% [2] - Guodun Quantum: 152.30 million yuan, with a flow rate of 6.51% and a price increase of 9.06% [2] Notable Outflows - The stocks with the highest net outflows include: - Haiguang Information with a net outflow of 330 million yuan and a price drop of 2.33% [1] - Huahong Semiconductor with a net outflow of 230 million yuan [1] - Dongxin Technology with a net outflow of 162 million yuan [1]

Core Viewpoint - The cultivated diamond sector is experiencing a surge in stock prices due to recent export controls on synthetic diamond products, despite the industry's historical struggles with profitability and reliance on exports [1][3][10]. Group 1: Market Performance - The cultivated diamond index rose by 16.64% since October 9, with companies like Huifeng Diamond and Sifangda seeing stock increases of over 50% [1]. - Five out of seventeen cultivated diamond stocks have doubled in price this year, with ST Yazhen's stock increasing nearly 600% from its lowest point [1][3]. - The recent export control announcement has led to a wave of stock price increases, including three consecutive trading limits for Huanghe Xuanfeng [1][3]. Group 2: Industry Challenges - The cultivated diamond industry has faced significant losses, with ST Yazhen reporting over 400 million yuan in cumulative losses since 2021, and Huanghe Xuanfeng losing 299 million yuan in the first half of this year [3][5]. - Despite a recent price increase for rough diamonds, the overall performance of cultivated diamond companies remains weak, indicating that the impact of export controls may not be as beneficial as anticipated [12][13]. Group 3: Technological Developments - Cultivated diamonds are increasingly being recognized for their potential applications beyond jewelry, particularly in the semiconductor industry for heat dissipation [16][20]. - The thermal conductivity of diamond makes it a promising material for future semiconductor applications, with projections indicating significant market growth in diamond-based thermal management solutions [20][21]. Group 4: Future Outlook - The cultivated diamond sector is at a critical juncture, with companies exploring new applications in semiconductor technology, which could drive future growth [20][22]. - However, challenges remain in the production and processing stages, particularly in matching the efficiency required by the semiconductor industry [22][25].

二〇二五年十月 | | | 山东天岳先进科技股份有限公司 （山东省济南市槐荫区天岳南路 99 号） （证券代码：688234 证券简称：天岳先进） 2025 年第三次临时股东大会 会议资料 2025 年第三次临时股东大会会议须知 根据《公司法》《证券法》以及《公司章程》《股东大会议事规则》以及《香 港联合交易所有限公司证券上市规则》等相关规定，为维护股东合法利益，确保 股东会议的正常秩序和议事效率，山东天岳先进科技股份有限公司（以下简称"公 司"）特制定会议须知如下，请出席股东大会的全体人员共同遵守： 1、为保证本次大会的严肃性和正常秩序，切实维护与会股东（或股东代理 人）的合法权益，除出席会议的股东（或股东代理人）、公司董事、监事、高级 管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他无关人员进 入会场。 2、出席会议的股东及股东代理人须在会议召开前 20 分钟到会议现场办理签 到手续，并请按规定出示证券账户卡、身份证明文件或法人单位证明、授权委托 书等，经验证后领取会议资料，方可出席会议。 会议开始后，由会议主持人宣布现场出席会议的股东人数及其所持有表决权 的股份总数，在此之后进场的股东无权参 ...

Core Viewpoint - The article discusses the upcoming 2025 Heterogeneous Integration Annual Conference organized by TrendBank and the Yongjiang Laboratory, focusing on the strategic opportunities in the new generation of chip development and the importance of heterogeneous integration technology in the semiconductor industry [7][8]. Event Details - The conference will take place from November 17-19, 2025, at the Nanyuan Wanghai Hotel in Zhenhai District, Ningbo [8]. - The event aims to gather industry and research experts to discuss advanced packaging technologies and promote collaboration between the semiconductor industry and research institutions [9]. Conference Agenda - The agenda includes various sessions on topics such as CIS heterogeneous integration processes, 2.5D/3D chip integration, and the impact of artificial intelligence on chip interconnects [3][4]. - Keynote speeches will be delivered by government leaders and representatives from the organizing bodies [3]. Focus Areas - The conference will emphasize multi-material heterogeneous integration, optoelectronic integration, and advanced packaging technologies, including TGV (Through Glass Via) and FOPLP (Fan-Out Panel Level Packaging) [9]. - Discussions will also cover challenges and innovations in semiconductor materials and equipment [9]. Registration and Fees - The registration fee is RMB 2500 per person, with early bird discounts available for those who register before October 31 [10]. - Special pricing is offered for students at RMB 1500 [10].

於2025年10月30日（星期四）舉行的股東特別大會（或其任何續會）之回條 山東天岳先進科技股份有限公司 SICC CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 日期：2025年 簽署： 附註： 香港灣仔 皇后大道東183號 合和中心17樓 1712–1716號舖 電話：(+852) 2862 8555 傳真：(+852) 2865 0990 1. 請用正楷填上登記在股東名冊上的全名（中文及英文）及註冊地址。 2. 請填上以 閣下名義登記之股份數目。 3. 請填妥及簽署回條，並於2025年10月29日（星期三）14時30分或之前送達本公司H股股份過戶登記處，方為有效。 4. 本公司H股股份過戶登記處香港中央證券登記有限公司的地址及聯絡資料如下： 致：本公司 本人╱吾等 （附註1） 地址為 為本公司股本中每股人民幣1.00元 股H股的登記持有人 （附註2） ， 茲通知本公司，本人╱吾等擬出席（親身或委派代表）本公司謹訂於2025年10月30日（星期四）14時 30分假座山東省濟南市槐蔭區天岳南路99號天岳先進公司會議室舉行之股東特別大會或其任何續會。 ...

山東天岳先進科技股份有限公司 董事長、執行董事兼總經理 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 山東天岳先進科技股份有限公司 SICC CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 董事會會議通知 本公司董事會（「董事會」）謹此宣佈，董事會會議將於2025年10月27日（星期一） 舉行，藉以（其中包括）審議並批准本公司及其附屬公司截至2025年9月30日止 九個月之未經審核第三季度業績及其發佈。 承董事會命 於本公告日期，董事會成員包括(i)執行董事宗艷民先生、高超先生及王俊國先生；(ii)非執行 董事邱宇峰先生、李婉越女士及方偉先生；及(iii)獨立非執行董事李洪輝先生、劉華女士及 黎國鴻先生。 宗艷民先生 香港，2025年10月15日 ...

Core Viewpoint - Tianyue Advanced (02631.HK) announced that its board meeting will be held on October 27, 2025, to review and approve the unaudited third-quarter results for the nine months ending September 30, 2025 [1] Group 1 - The board meeting is scheduled for October 27, 2025 [1] - The meeting will focus on the review and approval of the company's unaudited third-quarter performance [1] - The financial results pertain to the nine months ending September 30, 2025 [1]

Core Viewpoint - Tianyue Advanced experienced significant trading activity on October 14, with a total of 14 transactions amounting to 2.498 million shares and a total transaction value of 173 million yuan, reflecting a 10% discount compared to the closing price of the day [2] Trading Activity Summary - The average transaction price was 69.14 yuan, with institutional special seats participating in 8 transactions, contributing to a total transaction value of 134 million yuan and a net purchase of 134 million yuan [2] - Over the past three months, the stock has seen a total of 16 block trades, with a cumulative transaction value of 188 million yuan [2] Stock Performance Summary - The closing price of Tianyue Advanced on October 14 was 76.82 yuan, down 2.94%, with a daily turnover rate of 2.36% and a total transaction amount of 803 million yuan [2] - The stock has experienced a cumulative decline of 5.53% over the past five days, with a total net outflow of 340 million yuan during this period [2] Margin Trading Summary - The latest margin financing balance for the stock is 1.123 billion yuan, which has decreased by 51.31 million yuan over the past five days, representing a decline of 4.37% [2]