Core Viewpoint - The establishment of Shanghai Puyuntianxin Technology Co., Ltd. by Yuntian Lifa reflects the company's strategy to strengthen its foundation in the integrated circuit and chip design sectors, aligning with national policies promoting the information technology industry [1][4]. Company Summary - Shanghai Puyuntianxin Technology Co., Ltd. has a registered capital of 30 million yuan and is fully owned by Yuntian Lifa, indicating a significant investment in the integrated circuit design field [1][3]. - The company's business scope includes integrated circuit design, chip design services, software development, and internet data services, covering critical areas from chip design to software and data services [3][4]. - The establishment of this subsidiary is seen as a move to enhance product synergy and technical capabilities, providing a hardware foundation for future algorithm iterations and solution implementations [4]. Industry Summary - The trend of AI companies extending into downstream chip design is becoming a crucial path for enhancing bargaining power and building technological moats [4]. - The new integrated circuit design platform in Shanghai is expected to facilitate connections with regional industrial resources and attract local talent in chip design, thereby improving the company's collaborative effects within the regional industrial cluster [4]. - The establishment of a wholly-owned design subsidiary is viewed as a significant step for Yuntian Lifa to seize new development opportunities in the rapidly advancing domestic integrated circuit industry [4].

Group 1 - The company held its 18th meeting of the second board on October 30, 2025, where it approved the draft of the 2025 Restricted Stock Incentive Plan [1] - The company has implemented necessary confidentiality measures regarding the insider information related to the incentive plan and has registered the insiders [2][3] - During the self-inspection period from April 30, 2025, to October 30, 2025, it was confirmed that three insiders sold their shares based on publicly disclosed information, with no insider trading related to the incentive plan [4][5] Group 2 - The company plans to hold a Q3 2025 performance briefing on November 28, 2025, to discuss its operational results and financial status [8][9] - Investors can submit questions from November 21 to November 27, 2025, for the company to address during the briefing [9][14] - The briefing will be conducted online via the Shanghai Stock Exchange Roadshow Center [10][12]

证券代码：688343 证券简称：云天励飞 公告编号：2025-064 一、核查的范围与程序 1、核查对象为本激励计划的内幕信息知情人（以下简称"核查对象"）。 2、本激励计划的内幕信息知情人填报了《内幕信息知情人登记表》。 3、公司向中国证券登记结算有限责任公司上海分公司就核查对象在自查期 间买卖公司股票情况进行了查询确认，并由中国证券登记结算有限责任公司上 海分公司出具了查询证明。 二、核查对象买卖公司股票情况说明 根据中登上海分公司出具的《信息披露义务人持股及股份变更查询证明》 深圳云天励飞技术股份有限公司 关于公司2025年限制性股票激励计划内幕信息知情人买卖 公司股票情况的自查报告 本公司董事会及全体董事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。 深圳云天励飞技术股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开第二届董事会第十八次会议，审议通过了《关于<深圳云天励飞技术股份 有限公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等相关议案， 并于 2025 年 10 月 31 日在上海证券交易所 ...

证券代码：688343 证券简称：云天励飞 公告编号：2025-063 深圳云天励飞技术股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事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、准确性和完整性承担法律责任。 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 28 日（星期五）下午 15:00-16:00 （二）会议召开地点：上证路演中心 重要内容提示： 会议召开时间：2025 年 11 月 28 日（星期五）下午 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 21 日(星期五)至 11 月 27 日(星期四)16:00 前 登录 ...

Core Viewpoint - Shenzhen has successfully nurtured 121 companies to go public within ten years, showcasing a robust innovation ecosystem that supports rapid growth in technology enterprises [1][3]. Group 1: Companies Achieving Rapid Growth - Among the 121 companies, 87 are listed on A-shares and 34 on Hong Kong stocks, indicating a strong performance in capital markets [1]. - Companies like Zhongke Feicai and Laplace have achieved significant milestones in the semiconductor sector, with Zhongke Feicai going public in just 8 years and becoming a key player in semiconductor quality control [3][4]. - In the smart hardware sector, companies such as Yingshi Innovation have redefined global consumer markets, with Yingshi becoming the global leader in panoramic cameras with a market share of 67.2% [4]. Group 2: Emerging Sectors and Innovations - The renewable energy sector is also thriving, with companies like Youyou Green Energy focusing on high-efficiency charging equipment for electric vehicles, contributing to the rapid development of the charging infrastructure [5]. - Shenzhen's companies are not only innovating in technology but also collectively enhancing the city's industrial structure towards high-tech and globally competitive sectors [5]. Group 3: Supportive Ecosystem for Startups - Shenzhen has established a comprehensive enterprise cultivation system, including various incubators and funding mechanisms, to support startups and scale-ups [7][8]. - The city has set up government investment funds that have mobilized nearly 500 billion yuan to support over 8,000 industry projects, resulting in a significant number of companies becoming specialized and innovative [8][9]. - The average time for startups to go public in Shenzhen is 13.35 years, which is faster than the national average, reflecting the city's efficient support for innovation and growth [9].

Core Points - The company held its third extraordinary general meeting of shareholders on November 17, 2025, with no resolutions being rejected [2][3] - The meeting was conducted in compliance with relevant laws and regulations, with a combination of on-site and online voting [3][5] - All current directors and the board secretary attended the meeting, ensuring full representation [4] Meeting Details - The meeting took place at the Shenzhen Bay Technology Eco-park, with a total of 1,432,621 shares in the company's repurchase account not entitled to vote [2] - The chairman attended via telecommunication due to business travel, and the meeting was presided over by director Deng Haoran [3] Resolutions Passed - Three key resolutions related to the 2025 Restricted Stock Incentive Plan were approved, including the plan draft and its implementation management measures [5][6] - The resolutions received more than two-thirds approval from the voting shareholders present at the meeting [6] Legal Verification - The meeting was witnessed by lawyers from Beijing Jindu (Shenzhen) Law Firm, confirming that all procedures and voting results were lawful and valid [6]

北京市金杜（深圳）律师事务所 关于深圳云天励飞技术股份有限公司 2025 年第三次临时股东会 之法律意见书 致：深圳云天励飞技术股份有限公司 北京市金杜（深圳）律师事务所（以下简称本所）接受深圳云天励飞技术股 份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称 《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券 监督管理委员会（以下简称中国证监会）《上市公司股东会规则》（以下简称《股 东会规则》）等中华人民共和国境内（以下简称中国境内，为本法律意见书之目 的，不包括中国香港特别行政区、中国澳门特别行政区和中国台湾省）现行有效 的法律、行政法规、规章、规范性文件和现行有效的公司章程有关规定，指派律 师出席了公司于 2025 年 11 月 17 日召开的 2025 年第三次临时股东会（以下简称 本次股东会），并就本次股东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 现行有效的《深圳云天励飞技术股份有限公司章程》（以下简称《公司 章程》）； 2. 公司 2025 年 10月 31日刊登于巨潮资讯网及上海证券交易所网站 ...

证券代码：688343 证券简称：云天励飞 公告编号：2025-062 深圳云天励飞技术股份有限公司 2025年第三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 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 11 月 17 日 （二） 股东会召开的地点：广东省深圳市南山区粤海街道深圳湾科技生态园 10 栋 A 座 3 楼会议室 （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： | 1、出席会议的股东和代理人人数 | 238 | | --- | --- | | 普通股股东人数 | 238 | | 2、出席会议的股东所持有的表决权数量 | 112,322,556 | | 普通股股东所持有表决权数量 | 112,322,556 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例 | 31.4282 | | （%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） ...

Core Viewpoint - The A-share market experienced a strong rebound on November 13, particularly in the hard technology sector, with the Robot ETF Fund (159213) rising over 1% and attracting significant net inflows of 9 million yuan on the same day, following a total of over 30 million yuan in net inflows over the previous five days [1][3]. Group 1: Market Performance - The Robot ETF Fund (159213) ended the day with a gain of over 1%, marking the end of a three-day decline [1]. - The fund has seen continuous strong capital inflow, with a total of over 30 million yuan in net inflows over the last five days [1]. - Key component stocks of the Robot ETF Fund showed positive performance, with several stocks, including Dahua Technology and Zhongkong Technology, rising by over 2% and 1% respectively [3]. Group 2: Component Stocks - The top ten component stocks of the Robot ETF Fund include: - Huichuan Technology (300124) with a gain of 1.26% and an estimated weight of 10.22% - Keda Xunfei (002230) with a gain of 0.63% and an estimated weight of 9.25% - Dahua Technology (002236) with a gain of 2.20% and an estimated weight of 5.26% [4]. Group 3: Industry Developments - Yushu Technology launched a full-stack solution for humanoid robot data collection training, featuring the G1-D robot, which is designed for various applications [5]. - UBTECH announced the mass production of its Walker S2 humanoid robots, with a delivery target of 500 units this year, contributing to a cumulative order amount exceeding 800 million yuan for the Walker series [5]. - Industry experts predict that 2026 will mark a significant turning point for the humanoid robot industry, akin to the "iPhone moment," leading to large-scale production and benefiting companies across the supply chain [6]. Group 4: Future Outlook - The robot sector is expected to enter a phase of validation and consolidation after significant adjustments in October, with key developments from companies like Tesla and others supporting market expectations [7]. - Domestic robot companies are accelerating their capitalizations, with notable IPO plans from Yushu Technology and Leju Robotics, indicating a critical moment for the industry [8]. - Major tech players are intensifying their focus on humanoid robots, with expectations for significant production increases by 2026, potentially reaching a shipment volume of "ten thousand units" for domestic robots [8].

Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index has seen a strong increase of 1.04%, with notable gains from stocks such as Fudan Microelectronics (up 3.43%) and Lanke Technology (up 3.24%) [1] - OpenAI has announced the launch of its flagship GPT-5.1 model, aimed at enhancing the intelligence and user experience of ChatGPT, with the rollout starting this week [1] - Quark has scheduled the launch of its AI glasses for November 27, with pre-sales ranking first in various categories during the Double 11 shopping festival [1] Industry Analysis - The Quark AI glasses S1 integrate Alibaba's Qwen closed-source model and offer deep integration with core applications like Alipay and Taobao, covering high-frequency use cases such as payment and navigation [2] - Domestic AI models like MiniMax M2 and DeepSeek show stronger adaptability in the A-share market compared to international models like GPT-5, indicating that investment strategies should be tailored to specific market conditions [2] - The global sales of AI smart glasses surged by 370% year-on-year in Q3 2025, signaling a high-growth phase for the industry, with key components like optical displays and storage benefiting directly [2] Fund Performance - The Sci-Tech AI ETF has experienced a significant scale increase of 32.45 billion yuan over the past six months [3] - The ETF's share count grew by 4.32 million shares in the past week, with a total net inflow of 331 million yuan over four days, averaging 82.87 million yuan daily [4] - The underlying index of the ETF consists of 30 major companies in the AI sector, with the top ten stocks accounting for 70.92% of the index [4]