Core Insights - The report highlights a significant decline in pig prices, with the average price of live pigs dropping to 12.82 yuan/kg by September 19, marking a three-year low [5][6] - The report indicates that the supply side is experiencing pressure due to increased market supply, while demand remains weak, particularly affected by high temperatures in August [5][6] - The government is implementing stricter policies to control pig production capacity, aiming to stabilize prices and promote high-quality development in the industry [6] Industry Overview - In August 2025, the average prices for piglets, live pigs, and pork were 33.63 yuan/kg, 14.35 yuan/kg, and 24.98 yuan/kg, respectively, showing month-on-month declines of 5.87%, 3.77%, and 1.52% [5] - The report notes that the number of breeding sows in July was 40.42 million, with a slight decrease, indicating a trend of capacity reduction in the industry [5] - The report anticipates that the short-term pressure on pig prices will lead to a long-term upward trend as the government’s capacity reduction policies take effect [6] Company Insights - Major companies in the pig farming sector, such as Muyuan Foods and Wens Foodstuff Group, reported significant declines in sales prices in August, with average sales prices of 13.51 yuan/kg and 13.90 yuan/kg, respectively [7] - The report suggests that companies with strong cost advantages are likely to maintain profitability despite the current market pressures [6] - The report recommends focusing on leading companies in the industry, such as Muyuan Foods and Wens Foodstuff Group, which are expected to perform well in the long term [6]

Core Viewpoint - The trading volume of Zhongwei Semiconductor reached 1.157 billion RMB, marking the highest level since August 9, 2022, with a stock price increase of 4.82% and a turnover rate of 17.17% [2]. Company Overview - Zhongwei Semiconductor (Shenzhen) Co., Ltd. was established on June 22, 2001, with a registered capital of 400.365 million RMB [2].

Key Points - Huasoft Technology is currently producing and selling light initiator products in small batches based on customer orders [1] - Kaineng Health plans to establish a wholly-owned subsidiary in Hainan or Hunan provinces to engage in the cell industry and related mergers and acquisitions [1] - Linyang Energy has won a bid for a 142 million yuan project with the State Grid [1] - New Zhizhi Software intends to acquire 49% equity of Shenzhen Hengdao for 48.2356 million yuan [1] - Xindian Software plans to repurchase shares worth between 30 million to 50 million yuan [1] - Shanjin International has submitted an application for the issuance and listing of H-shares on the Hong Kong Stock Exchange [1] - Zhongwei Semiconductor has also submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [1] - Huadong Heavy Machinery's Wu Qingming Yu No. 6 and Tianchen Jinting No. 1 plan to reduce their holdings by no more than 1.5% [2] - Xinde New Materials' Shang Rong Baoying and its concerted parties plan to reduce their holdings by no more than 3% [2] - Huayi Pharmaceutical's shareholder Wang Xiaopeng plans to reduce his holdings by no more than 12.708 million shares [2] - International Industry plans to raise no more than 660 million yuan through a private placement to its controlling shareholder [2] - Ruima Precision has been awarded a project for automotive air suspension system products [2] - Wanhui High-tech expects a net profit increase of 69.81% to 109.77% for the first three quarters [2]

本次发行如果最终实施，鉴于本次发行的认购对象仅限于符合相关条件的境 外投资者及依据中国相关法律法规有权进行境外证券投资的境内合格投资者，公 司将不会在境内证券交易所的网站和符合监管机构规定条件的媒体上刊登该申 请资料，但为使境内投资者及时了解该等申请资料披露的本次发行以及公司的其 他相关信息，现提供该申请资料在香港联交所网站的查询链接供查阅： 中文： https://www1.hkexnews.hk/app/sehk/2025/107699/documents/sehk2509230170 5.pdf 证券代码：688380 证券简称：中微半导 公告编号：2025-039 中微半导体（深圳）股份有限公司 关于向香港联交所递交H股发行并上市的申请 并刊发申请资料的公告 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。 中微半导体（深圳）股份有限公司（以下简称"公司"）已于2025年9月23日 向香港联合交易所有限公司（以下简称"香港联交所"）递交了发行H股股票并 在香港联交所主板挂牌上市（以下简称"本次发行"）的申请，并于同日在 ...

格隆汇9月24日丨中微半导(688380.SH)公布，公司已于2025年9月23日向香港联合交易所有限公司（以 下简称"香港联交所"）递交了发行H股股票并在香港联交所主板挂牌上市（以下简称"本次发行"）的申 请，并于同日在香港联交所网站刊登了本次发行的申请资料。该申请资料为公司按照香港证券及期货事 务监察委员会及香港联交所的要求编制和刊发，为草拟版本，其所载资料可能会适时作出更新和变动， 投资者不应根据其中的资料作出任何投资决定。 ...

中微半导(688380.SH)公告，公司已于2025年9月23日向中国香港联交所递交了发行H股股票并在联交所 主板挂牌上市的申请，并于同日在联交所网站刊登了本次发行的申请资料。 ...

智通财经APP讯，中微半导(688380.SH)公告，公司已于2025年9月23日向中国香港联交所递交了发行H 股股票并在联交所主板挂牌上市的申请，并于同日在联交所网站刊登了本次发行的申请资料。 ...

格隆汇9月24日丨中微半导(688380.SH)公布，公司已于2025年9月23日向香港联合交易所有限公司（以 下简称"香港联交所"）递交了发行H股股票并在香港联交所主板挂牌上市（以下简称"本次发行"）的申 请，并于同日在香港联交所网站刊登了本次发行的申请资料。该申请资料为公司按照香港证券及期货事 务监察委员会及香港联交所的要求编制和刊发，为草拟版本，其所载资料可能会适时作出更新和变动， 投资者不应根据其中的资料作出任何投资决定。 ...

人民财讯9月24日电，中微半导(688380)9月24日公告，公司已于9月23日向香港联交所递交发行H股股票 并在香港联交所主板挂牌上市的申请，并在香港联交所网站刊登此次发行的申请资料。 ...

中微半导晚间公告，公司已于2025年9月23日向香港联合交易所递交了发行H股股票并在香港联合交易 所主板挂牌上市的申请，并于同日在香港联交所网站刊登了本次发行的申请资料。 ...