Group 1 - SenseTime launched Seko 2.0, the industry's first multi-episode generative AI model, which is based on its self-developed Seko series model. The model has successfully adapted to the domestic AI chip Cambricon, with a strategic cooperation established in October to optimize software and hardware integration [2] - Former OpenAI CTO Mira Murat has founded Thinking Machines Lab, with the latest product Tinker now valued at $50 billion. The product features the trillion-parameter Kimi K2 Thinking model, designed for long-duration reasoning and tool invocation [2] - Mill Electronics introduced the RK3576 AI edge computing box, which offers high computing power, low power consumption, and strong scalability, becoming a key tool for upgrading industrial vision, engineering machinery, and smart city sectors [2] Group 2 - Google integrated NotebookLM into Gemini, enhancing user interaction by allowing users to attach notes for additional context during conversations with AI chatbots [2]

一、会议召开和出席情况 证券代码：688256 证券简称：寒武纪 公告编号：2025-079 中科寒武纪科技股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证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： ● 本次会议是否有被否决议案：无 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ 注：截至本次股东会股权登记日，公司回购专用账户中股份数为36,600股，不享有股东会表决权。 （四）表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 本次会议由公司董事会召集，由公司董事长主持。本次会议采用现场投票与网络投票相结合的表决方 式。本次会议的召集、召开与表决程序符合《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东会规则》《上海证券交易所科创板股票上市规则》《中科寒武纪科技股份有限公司章程》 （以下简称"《公司章程》"）《中科寒武纪科技股份有限公司股东会议事规则》的有关规定。 （五）公司董事和董事会秘书的列席情况 1、公司在任董事9人， ...

Core Viewpoint - The company plans to use its capital reserve of 27.78 billion yuan to offset its accumulated losses, as its undistributed profits were reported at -27.78 billion yuan as of December 31, 2024 [2][3][5]. Financial Summary - As of December 31, 2024, the company's financial statements show accumulated undistributed profits of -27.78 billion yuan, with a surplus reserve balance of 0 yuan and a capital reserve balance of 96.25 billion yuan [5][7]. - The negative undistributed profits are primarily due to cumulative losses from previous years, and the capital reserve to be used for loss compensation originates from shareholder contributions [5][7]. Regulatory Context - The new company law effective from July 1, 2024, stipulates that loss compensation should first utilize discretionary and statutory reserves, with capital reserves used only if those are insufficient [7]. Business Performance - For the first three quarters of 2025, the company reported revenues of 46.07 billion yuan, a year-on-year increase of 2386.38%, and a net profit of 16.05 billion yuan, compared to a loss of 7.245 billion yuan in the same period last year [7]. - The basic earnings per share were reported at 3.85 yuan [7]. Market Performance - As of December 15, the company's stock closed down 0.9% at 1331.9 yuan per share, with a total market capitalization of 561.6 billion yuan [7].

12月15日晚，寒武纪公告，公司于2025年11月28日、2025年12月15日分别召开第三届董事会第一次会 议、2025年第二次临时股东会，审议通过了《关于使用公积金弥补亏损的议案》。 根据天健会计师事务所（特殊普通合伙）为公司出具的2024年度《审计报告》，截至2024年12月31日， 母公司财务报表累计未分配利润为-27.78亿元，盈余公积期末余额为0元，资本公积期末余额为96.25亿 元。 公司拟使用母公司资本公积27.78亿元用于弥补母公司累计亏损。本次公积金弥补亏损以公司2024年末 母公司未分配利润负数弥补至零为限。 来源：公司公告 （文章来源：证券时报） 根据相关规定，公司现通知债权人，可自接到通知之日起30日内或自公告披露之日起45日内要求公司清 偿债务或提供相应担保。 ...

12月15日晚，寒武纪公告，公司于2025年11月28日、2025年12月15日分别召开第三届董事会第一 次会议、2025年第二次临时股东会，审议通过了《关于使用公积金弥补亏损的议案》。 根据天健会计师事务所（特殊普通合伙）为公司出具的2024年度《审计报告》，截至2024年12月31 日，母公司财务报表累计未分配利润为- 27.78亿元 ，盈余公积期末余额为0元，资本公积期末余额为 96.25亿元 。 公司拟使用母公司资本公积27.78亿元用于弥补母公司累计亏损。本次公积金弥补亏损以公司2024年末母 公司未分配利润负数弥补至零为限。 根据相关规定，公司现通知债权人，可自接到通知之日起30日内或自公告披露之日起45日内要求公司清 偿债务或提供相应担保。 来源：公司公告 责编：叶舒筠 校对： 杨立林 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大 ...

Core Viewpoint - The company plans to use its capital reserve of 2.778 billion yuan to offset accumulated losses, aiming to bring its retained earnings to zero by the end of 2024 [2][5][7]. Group 1: Financial Measures - The company reported a cumulative retained earnings deficit of 2.778 billion yuan as of December 31, 2024, with a surplus reserve balance of 0 yuan and a capital reserve balance of 9.625 billion yuan [5]. - The capital reserve used for loss compensation originates entirely from capital contributions made by shareholders [5][7]. - The new company law effective July 1, 2024, stipulates that loss compensation must first utilize discretionary and statutory reserves, with capital reserves being used only if necessary [7]. Group 2: Performance and Future Outlook - In the first three quarters of the year, the company achieved a revenue of 4.607 billion yuan, representing a year-on-year increase of 2386.38%, and a net profit attributable to shareholders of 1.605 billion yuan, marking a turnaround from previous losses [7][8]. - The company's initiative to utilize capital reserves for loss compensation is expected to alleviate historical financial burdens, enhance investor returns, and facilitate high-quality development [8]. - The company’s main business involves the research, design, and sales of AI core chips for various applications, including cloud servers and edge computing devices [8].

Group 1: Company Announcements - Muxi Co., Ltd. will list its shares on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 17, 2025, and will be classified under the Sci-Tech Growth Tier as it is not yet profitable [1] - Cambrian Technology plans to use 2.778 billion yuan from its capital reserve to cover cumulative losses, with a limit set to bring its negative retained earnings to zero by the end of 2024 [2] - TCL Technology's subsidiary, TCL Huaxing, intends to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its total stake to 94.9761% [2] - Yipin Hong plans to sell a 13.45% stake in its subsidiary Arthrosi Therapeutics for up to 1.5 billion USD, which includes an initial payment of 950 million USD and milestone payments of up to 550 million USD [3] - Jingjia Microelectronics announced that its subsidiary has successfully completed key stages of its AI SoC chip CH37 series, marking a significant project milestone [4] - Aerospace Electronics intends to inject 728 million yuan into its subsidiary, Aerospace Changzheng Rocket Technology, to enhance its commercial space industry capabilities [5] - Unigroup Guowei has established a Central Research Institute focusing on AI chip architectures and algorithms for applications in robotics and low-altitude vehicles [6] Group 2: Performance Metrics - Spring Airlines reported an 18.02% year-on-year increase in passenger turnover for November [7] - China Southern Airlines saw a 10.42% increase in passenger turnover for November 2025 [7] - Air China experienced a 10.1% rise in passenger turnover for November 2025 [7] - China Eastern Airlines reported a 10.35% increase in passenger turnover for November 2025 [7] - Xinhua Insurance's cumulative original insurance premium income grew by 16% from January to November [7] - Hainan Airport recorded a passenger throughput of 2.0909 million in November, an 8.16% year-on-year increase [7] Group 3: Mergers and Acquisitions - Luoyang Molybdenum's subsidiary plans to acquire a gold mine project for 1.015 billion USD [7] - Jiadu Technology intends to acquire 60% of Hisense Micro-Link for 79.2 million yuan [7] - Zhongtai Chemical plans to acquire 15.173% of Huatai Company for 1.2 billion yuan [7] - Tianfu Energy's Tianyuan Gas is set to acquire 100% of Chengtong Oil and Gas for 21.49 million yuan [7] - Taotao Vehicle's subsidiary plans to acquire 100% of Racka brand company for 15 million USD [7]

Group 1 - Muxi Co., Ltd. will list its common stock on the Sci-Tech Innovation Board on December 17, 2025 [1] - Xinghua New Materials signed a strategic cooperation agreement with Guoteng Company to collaborate in the quantum technology field [2] - TCL Technology's subsidiary plans to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 60.45 billion RMB [3] Group 2 - Jingjia Micro's subsidiary has completed key stages of its edge AI SoC chip, marking a significant project breakthrough [4] - Cambricon plans to use 2.778 billion RMB of its capital reserve to offset losses [5] - Bojun Technology's subsidiary intends to invest 600 million RMB in an automotive lightweight component production base in Chongqing [6] Group 3 - Longqi Technology plans to invest approximately 1.5 billion RMB to build an AI + smart terminal digital benchmark factory in Nanchang [7] - Taili Technology signed a strategic cooperation framework agreement with Jinan University to establish an advanced functional materials research institute with an investment of 100 million RMB [8][9] - Pengding Holdings plans to invest a total of 4.297 billion RMB in a production facility in Thailand by 2026 [10] Group 4 - China Metallurgical Group reported a new contract amount of 958.13 billion RMB from January to November 2025, a decrease of 8.6% year-on-year [16] - 吉祥航空 reported an 8.92% year-on-year increase in passenger turnover in November 2025 [17] - Hainan Airport's passenger throughput reached 2.0909 million in November 2025, a year-on-year increase of 8.16% [20] Group 5 - Xinhua Insurance reported a cumulative original insurance premium income of 188.85 billion RMB from January to November 2025, a year-on-year increase of 16% [21] - Huafeng Aluminum's controlling shareholder plans to reduce its stake by up to 2.17% [22] - Digital Vision plans to repurchase shares worth 80 million to 120 million RMB [23]

百纳千成：筹划购买厦门众联世纪100%股权，股票停牌；后者是是一家以AI+大数据驱动的数智科技企 业。 二、并购 一、停牌 1、TCL科技：拟60.45亿元收购深圳华星半导体10.7656%股权。 2、涛涛车业：孙公司拟1500万美元收购Racka品牌公司100%股权。 3、佳都科技：拟7920万元收购海信微联60%股权，海信微联是一家主要从事轨道交通信号业务的国家 级高新技术企业。 三、回购、股权转让 1、数码视讯：拟8000万至1.2亿回购公司股份，回购价格不超过8.4元/股。 2、朗进科技：浙江经建投拟以不低于54元/股协议受让公司股份。 3、一品红：拟以1亿元-2亿元回购公司股份。 四、对外投资、日常经营 1、紫光国微：成立中央研究院，主要研究发展方向为具身机器人等应用的端侧AI芯片新架构、新模型 和高效算法研究等。 2、星华新材：与国腾公司签署战略合作协议，将在量子科技领域展开合作。 3、模塑科技：与国内某机器人公司签订了零部件采购框架协议，并于近日正式接到客户发出的人形机 器人外覆盖件小批量采购订单。 5、寒武纪：拟使用27.78亿元资本公积金弥补亏损。 6、航天电子：拟对航天火箭公司增资7.28 ...

Group 1: Autonomous Driving - China's first batch of L3 conditional autonomous driving vehicles has received approval for road testing in designated areas of Beijing and Chongqing, marking a significant step towards commercialization [1] - The two approved models include an electric sedan capable of 50 km/h in congested traffic and another capable of 80 km/h on highways and urban expressways, both limited to specific routes [1] Group 2: Financial Sector Reforms - The China Securities Regulatory Commission (CSRC) has initiated reforms to enhance the inclusivity and attractiveness of the capital market, focusing on the implementation of the "1+6" reform measures for the Sci-Tech Innovation Board [3][10] - The CSRC aims to promote high-quality development in the private equity fund sector and expedite the pilot program for commercial real estate REITs [10] - A new round of corporate governance initiatives will be launched to encourage quality companies to increase dividend payouts and share buybacks [11] Group 3: Company Financials - Cambrian Technology plans to use approximately 2.78 billion yuan from its capital reserve to offset accumulated losses, with the aim of bringing its negative retained earnings to zero by the end of 2024 [8] - TCL Technology intends to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its ownership from 84.21% to 94.98%, to enhance its competitiveness in the semiconductor display industry [12] Group 4: Currency and Real Estate Market - The onshore and offshore RMB against the USD reached a 14-month high, with the onshore rate peaking at 7.0500 and the offshore rate at 7.046, indicating a favorable external environment for the RMB [13] - In November 2025, the sales prices of commercial residential properties in 70 major cities in China showed a month-on-month decline, with first-tier cities experiencing a 0.4% decrease in new residential prices [14]