Core Viewpoint - The announcement details a change in shareholding by a major shareholder, Guotou (Shanghai) Technology Achievement Transformation Venture Capital Fund, which has reduced its stake in Zhongke Feice Technology Co., Ltd. from 8.64% to 7.97% through a share reduction plan [4][6]. Group 1: Shareholder Information - The shareholder involved in the equity change is Guotou (Shanghai) Technology Achievement Transformation Venture Capital Fund, which has no associated action parties [3]. - The reduction in shareholding occurred between November 24, 2025, and January 22, 2026, with a total of 2,348,698 shares sold [4][5]. Group 2: Equity Change Details - The equity change touched the 1% threshold, with the current total share capital of the company being 350,163,237 shares [5]. - This reduction does not violate any laws or regulations, including the Securities Law of the People's Republic of China and the Management Measures for the Acquisition of Listed Companies [4][6]. Group 3: Additional Notes - The equity change is part of a previously disclosed share reduction plan and does not trigger a mandatory takeover bid [6]. - The change in shareholding will not affect the company's controlling shareholder or actual controller, nor will it impact the governance structure and ongoing operations of the company [7].

证券代码：688361 证券简称：中科飞测 公告编号：2026-004 深圳中科飞测科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的 提示性公告 二、 权益变动触及 1%刻度的基本情况 股东国投（上海）科技成果转化创业投资基金企业（有限合伙）保证向本公司提 供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | 5%以上大股东及其一致行动人 ☑其他 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | □ | 控股股东/实控人 | | | 国投（上海）科技成 | □ | 控股股东/实控人的一致 ...

Group 1 - The core point of the article is that Zhongke Feimiao (688361.SH) announced a reduction in shareholding by Guotou Chuangye Fund, decreasing its stake from 8.64% to 7.97% through centralized bidding transactions [1] Group 2 - The reduction involved a total of 2,348,698 shares being sold [1] - The change in equity ownership triggered a shift of 1% in the company's total shareholding [1]

中科飞测公告称，2025年11月24日至2026年1月22日，持股5%以上股东国投（上海）科技成果转化创业 投资基金企业（有限合伙）通过集中竞价交易减持234.87万股，占公司总股本比例由8.64%降至7.97%， 权益变动触及1%刻度。本次变动系履行已披露减持计划，不触及要约收购，未违反相关规定，不会导 致控股股东、实际控制人变化，减持计划尚未实施完毕。 ...

Core Viewpoint - The announcement from Zhongke Feice indicates a planned reduction in shareholding by a major shareholder, which will not affect the control of the company or trigger a mandatory bid [1] Group 1: Shareholder Actions - The major shareholder, Guotou (Shanghai) Technology Achievement Transformation Venture Capital Fund, reduced its holdings by 2.3487 million shares, decreasing its ownership from 8.64% to 7.97% of the total share capital [1] - This reduction in shareholding is part of a previously disclosed plan and does not violate any regulations [1] - The reduction does not lead to a change in the controlling shareholder or actual controller of the company [1]

Core Viewpoint - The average stock price of the STAR Market is 48.62 yuan, with significant price variations among stocks, indicating a robust market performance and investor interest in high-value stocks [1]. Group 1: Stock Performance - A total of 441 stocks on the STAR Market rose today, while 151 declined, reflecting overall positive market sentiment [1]. - The highest closing price was recorded by Cambrian-U at 1353.87 yuan, which increased by 0.81% [1]. - Among stocks priced over 100 yuan, the average increase was 2.52%, with notable gainers including Longxin Technology and Chipone Microelectronics [1]. Group 2: Price Premiums - The average premium of stocks priced over 100 yuan relative to their issue price is 524.18%, with the highest premiums seen in companies like Shuwei New Materials and Anji Technology [1]. - The premium rates for these companies are 6144.67%, 2186.27%, and 2002.61% respectively, indicating strong investor confidence [1]. Group 3: Industry Concentration - The majority of stocks priced over 100 yuan are concentrated in the electronics, computer, and machinery sectors, with 48, 13, and 12 stocks respectively [1]. Group 4: Capital Flow - The net inflow of main funds into stocks priced over 100 yuan today was 35.98 billion yuan, with leading inflows from Haiguang Information and SMIC [2]. - Conversely, the stocks with the highest net outflows included Zhenlei Technology and Baiwei Storage, with outflows of 406.05 million yuan and 326.70 million yuan respectively [2]. Group 5: Margin Trading - The total margin balance for stocks priced over 100 yuan is 127.72 billion yuan, with Cambrian-U and SMIC having the highest balances of 15.18 billion yuan and 13.27 billion yuan respectively [2].

Group 1 - The semiconductor equipment ETF (159327) has seen a 0.22% increase, with a trading volume exceeding 17 million, indicating active market participation [1] - The top ten weighted stocks within the ETF show mixed performance, with notable movements including a 1.21% drop in Zhongwei Company and a 2.22% decline in Chip Source Micro [1] - The ETF has experienced net inflows for ten consecutive days, accumulating over 390 million, and its latest fund size has reached 1.125 billion, surpassing the 1 billion threshold [1] Group 2 - China's GDP has reached a new milestone of 140 trillion yuan, with a year-on-year growth of 5% [4] - By 2025, the added value of the digital product manufacturing industry is expected to grow by 9.3%, while the information transmission, software, and IT services sector is projected to grow by 11.1% [4] - The rapid development of "AI+" has led to significant production increases in storage chips and servers, with growth rates of 22.8% and 12.6% respectively [4] Group 3 - The demand for memory bandwidth and capacity driven by AI training and inference is propelling the storage industry into a new growth cycle, with both volume and price increasing [5] - The semiconductor equipment ETF focuses on critical segments such as lithography, etching, thin film deposition, cleaning equipment, and silicon wafers, covering leading companies like North Huachuang and Zhongwei Company [5] - The capital expenditure cycle in the equipment sector is expected to continue until 2030, providing long-term investment value amid the expansion of AI servers, smart terminals, and storage chips [5] Group 4 - Investors can also access the semiconductor industry through linked funds (Class A 023828, Class C 023829) to benefit from the rising industry prosperity and the dividends of domestic chip production [6]

Group 1 - SMIC (688981) is the largest and most advanced wafer foundry in mainland China, mastering 14nm FinFET technology and maintaining the highest capacity in 28nm mature process domestically, providing foundry services for storage chips [1][40] - The company has received multiple rounds of funding from the National Integrated Circuit Industry Investment Fund, playing a key role in breaking overseas dependence in the domestic storage chip manufacturing sector [1][41] - SMIC also participates in setting multiple industry standards in the domestic semiconductor manufacturing field, consolidating its core voice in the industry chain [1][41] Group 2 - North Huachuang (002371) is a leading semiconductor equipment company in Beijing, providing a full range of equipment for storage chip manufacturing, including etching machines and cleaning machines [2][40] - The company has successfully entered the supply chains of domestic storage manufacturers like Yangtze Memory Technologies and Changxin Memory Technologies, breaking the monopoly of foreign manufacturers [2][41] - With the accelerated expansion of domestic storage chip capacity, North Huachuang's equipment orders continue to grow, and it is establishing new production bases in Tianjin and Yixing [2][41] Group 3 - Hua Hong Semiconductor (688347) focuses on specialty process wafer foundry and is a key player in the domestic storage chip sector, specializing in mature processes like 90nm and 55nm [3][40] - The company provides stable foundry services for domestic storage chip design companies and is expanding its specialty process production lines with support from the National Integrated Circuit Industry Investment Fund [3][41] - Hua Hong has also achieved IATF16949 certification for automotive-grade storage chip processes, enhancing its capabilities in the automotive sector [3][41] Group 4 - Zhongwei (688012) is a global leader in semiconductor etching equipment, with its 5nm etching equipment already in commercial application [4][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants like TSMC and Micron [4][41] - Zhongwei's R&D team comprises over 70% of its workforce, and it holds more than a thousand patents, continuously increasing its market share in the etching equipment sector [4][41] Group 5 - Zhaoyi Innovation (603986) is a leading domestic NOR Flash company, ranking among the top three globally, and is one of the few domestic companies involved in DRAM chip design [5][40] - The company has achieved mass production of 19nm DRAM chips, filling a technology gap in the domestic market, and has established deep cooperation with Changxin Memory Technologies [5][41] - Zhaoyi Innovation has received support from the National Integrated Circuit Industry Investment Fund, focusing its R&D investments on high-end storage chips [5][41] Group 6 - Shengyi Technology (600183) is a leading domestic copper-clad laminate manufacturer, playing a crucial role in the localization of basic materials for the storage chip industry [6][40] - The company has entered the supply chains of major domestic storage packaging companies and provides raw materials to international giants like Samsung and SK Hynix [6][41] - Shengyi is expanding its production capacity in Shaanxi and Jiangsu, with its performance steadily growing alongside the increasing demand for domestic storage chips [6][41] Group 7 - Lanke Technology (688008) is a global leader in memory interface chips, with a market share exceeding 40% for DDR4/DDR5 memory interface chips [7][40] - The company has developed solutions for DDR5 memory interfaces in collaboration with Changxin Memory Technologies, promoting the commercialization of domestic storage modules [7][41] - Lanke's R&D investments focus on cutting-edge fields, extending its product layout into storage control chips [7][41] Group 8 - Shennan Circuits (002916) is a leading domestic printed circuit board manufacturer, focusing on high-end PCB and packaging substrate manufacturing [8][40] - The company has developed storage packaging substrates that meet high reliability and density requirements, entering the supply chains of major domestic storage manufacturers [8][41] - Shennan is also expanding its high-end packaging substrate production lines in Wuxi to further meet the needs of the storage industry [8][41] Group 9 - Jiangbolong (301308) is a leading domestic storage module company, focusing on promoting the application of domestic storage chips in various fields [9][40] - The company has established deep cooperation with domestic storage chip manufacturers and has launched products equipped with domestic storage chips [9][41] - Jiangbolong has acquired the global storage brand Lexar to leverage its overseas channels, increasing its international market presence [9][41] Group 10 - Xian Yicai-U (688783) is a key player in the domestic silicon wafer sector, focusing on the production of 12-inch polished wafers and epitaxial wafers [10][40] - The company has achieved mass production of 12-inch wafers, breaking the monopoly of foreign manufacturers [10][41] - Xian Yicai has received multiple rounds of investment from the National Integrated Circuit Industry Investment Fund, continuously releasing production capacity [10][41] Group 11 - Tuo Jing Technology (688072) is a leading domestic thin film deposition equipment manufacturer, with a market share exceeding 60% for PECVD equipment in domestic storage chip manufacturing [11][40] - The company has entered the supply chains of major domestic storage manufacturers and has also supplied equipment to overseas storage companies [11][41] - Tuo Jing's R&D investment exceeds 30%, continuously launching new equipment suitable for advanced 3D NAND processes [11][41] Group 12 - Shengmei Shanghai (688082) is a leading domestic semiconductor cleaning equipment manufacturer, developing advanced cleaning technologies for storage chip manufacturing [12][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants [12][41] - Shengmei is building a new production base in Shanghai to further meet the equipment needs of storage chip manufacturers [12][41] Group 13 - Huarun Micro (688396) is a leading domestic power semiconductor company, providing packaging and testing services for storage chips [13][40] - The company has expanded its production lines for power semiconductors and storage packaging in Chongqing, enhancing its capabilities in the storage sector [13][41] - Huarun Micro's industrial-grade storage chips have achieved AEC-Q100 certification, enabling them to enter the automotive electronics market [13][41] Group 14 - Changchuan Technology (300604) is a leading domestic semiconductor testing equipment manufacturer, focusing on testing equipment for storage chips [14][40] - The company has entered the supply chains of major domestic storage manufacturers and has received investment from the National Integrated Circuit Industry Investment Fund [14][41] - Changchuan has acquired Singapore's STI company to enhance its competitiveness in the storage testing field [14][41] Group 15 - Changdian Technology (600584) is a global leader in semiconductor packaging and testing, providing high-end packaging services for domestic storage chip design companies [15][40] - The company has established R&D centers in Singapore and South Korea, taking on packaging orders from international giants [15][41] - Changdian has received support from the National Integrated Circuit Industry Investment Fund, continuously expanding its advanced packaging capacity [15][41]

Group 1 - The core viewpoint of the report is that Huayuan Securities has given Zhongke Feimiao (688361.SH) an "overweight" rating based on its focus on high-end semiconductor quality control equipment and the continuous enrichment of its product matrix [1] - The global semiconductor measurement equipment market is experiencing sustained growth, which supports the positive outlook for Zhongke Feimiao [1] - The company is making significant progress in core technology breakthroughs and product iteration upgrades, which further strengthens its market position [1]

Core Viewpoint - The announcement details the share reduction plan executed by the actual controller and certain directors and senior management of Shenzhen Zhongke Feicai Technology Co., Ltd, indicating a minor decrease in their shareholding percentage due to personal financial needs [2][3][4]. Shareholding Information - The actual controller, Ms. Ha Chengshu, held 16,768,853 shares, representing 4.7889% of the total share capital before the reduction, with 16,643,853 shares acquired before the IPO and 125,000 shares obtained through the equity incentive plan [2]. - Mr. Chen Lu, the actual controller and chairman, held 250,000 shares, accounting for 0.0714% of the total share capital, all obtained through the equity incentive plan [2]. - Mr. Gu Kainan, a director and board secretary, held 37,500 shares, which is 0.0107% of the total share capital, also acquired through the equity incentive plan [2]. Reduction Plan Implementation Results - The reduction plan was disclosed on November 22, 2025, with Ms. Ha Chengshu and Mr. Chen Lu planning to reduce their holdings by up to 125,000 shares and 62,500 shares, respectively, while Mr. Gu Kainan planned to reduce by up to 9,375 shares [3]. - As of January 16, 2026, the actual reductions were completed, with Ms. Ha Chengshu and Mr. Chen Lu reducing their holdings by 125,000 shares and 62,500 shares, respectively, and Mr. Gu Kainan reducing by 9,375 shares [3][4]. Shareholding Change - Following the reductions from January 6 to January 15, 2026, the combined shareholding percentage of Ms. Ha Chengshu and Mr. Chen Lu decreased from 21.04% to 20.99%, indicating a change that touched the 1% threshold [4][5]. - The reduction was executed in compliance with relevant laws and regulations, and it did not trigger a mandatory tender offer [6][8]. Conclusion of Reduction Plan - The reduction plan has been fully implemented, and it does not lead to any changes in the controlling shareholder or the actual controller, nor does it significantly impact the company's governance structure or ongoing operations [8].