Core Viewpoint - Hengshuo Semiconductor (Hefei) Co., Ltd. has announced the progress of its share repurchase plan, which aims to enhance employee stock ownership and incentivize performance [1] Group 1: Share Repurchase Plan - The share repurchase plan was first disclosed on November 30, 2024, with an implementation period from November 28, 2024, to November 27, 2025 [1] - The expected repurchase amount is between 30 million yuan and 60 million yuan [1] - As of August 31, 2025, the company has repurchased a total of 813,407 shares, accounting for 0.98% of the total share capital [1] Group 2: Financial Details - The cumulative amount spent on repurchases is 29,313,021.08 yuan [1] - The actual repurchase price range is between 31.53 yuan per share and 39.60 yuan per share [1]

Core Viewpoint - Hengshuo Co., Ltd. (688416.SH) is currently experiencing a decline in stock price, closing at 44.30 yuan with a drop of 4.85%, indicating a state of underperformance since its IPO [1] Group 1: Company Overview - Hengshuo Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on August 29, 2022, with an initial public offering (IPO) of 20.66 million shares, representing 25% of the total shares post-issue [1] - The IPO price was set at 65.11 yuan per share, raising a total of 1.345 billion yuan (134,517.26 million yuan) [1] - After deducting issuance costs, the net proceeds amounted to approximately 1.210 billion yuan (120,964.04 million yuan), exceeding the original fundraising target by 455.76 million yuan [1] Group 2: Fund Utilization - The funds raised are intended for several projects, including the upgrade and industrialization of NOR flash memory chips, general MCU chip upgrades, the development of CiNOR integrated AI inference chips, and technology reserve projects [1] - The total issuance costs were 135.53 million yuan, with the lead underwriter, Guoyuan Securities, receiving 109.21 million yuan in underwriting and sponsorship fees [1] Group 3: Shareholder Information - The controlling shareholders and actual controllers of Hengshuo Co., Ltd. are Xiang Dong Lu (American nationality) and Lü Yi Nan (Chinese nationality) [2]

Group 1 - National Development and Reform Commission will hold a press conference on August 29 [1] - Ministry of Agriculture and Rural Affairs will hold a press conference regarding the overall arrangements for the 2025 Chinese Farmers' Harvest Festival [2] - A total of 12.47 billion shares will be unlocked today, with a total market value of 13.171 billion yuan [3] Group 2 - 39 companies have disclosed stock repurchase progress, with 21 companies announcing new repurchase plans [4] - The highest repurchase plan amounts are from Daqin Railway, Shengtun Mining, and Spring Airlines, with proposed repurchase amounts of 1.5 billion yuan, 600 million yuan, and 500 million yuan respectively [4] - 361.2 billion yuan of 7-day reverse repos will mature today [5] Group 3 - Key economic data to be released includes the U.S. July core PCE price index year-on-year and Germany's August seasonally adjusted unemployment rate [6]

Summary of Key Points Core Viewpoint - On August 29, a total of 10 companies had their restricted shares unlocked, with a total unlocking volume of 1.247 billion shares, amounting to a market value of 13.171 billion yuan based on the latest closing prices [1] Group 1: Unlocking Volume - Three companies had unlocking shares exceeding 10 million: Xugong Machinery (119.2 million shares), Tiantie Technology (29.9195 million shares), and Hengsuo Co., Ltd. (17.1426 million shares) [1] Group 2: Unlocking Market Value - Three companies had unlocking market values exceeding 100 million yuan: Xugong Machinery (11.446 billion yuan), Hengsuo Co., Ltd. (798 million yuan), and Jinbo Biological (467 million yuan) [1] Group 3: Unlocking Ratio - Two companies had unlocking ratios exceeding 10%: Hengsuo Co., Ltd. (20.67%) and Xugong Machinery (10.14%), while Tiantie Technology had an unlocking ratio of 2.3% [1]

Group 1 - The company, Hengshuo Co., Ltd. (SH 688416), announced that its shareholder, Tianying Hesheng, completed a share reduction plan, reducing approximately 1.11 million shares, which accounts for 1.34% of the total share capital as of August 28, 2025 [1] - The company's revenue composition for the year 2024 indicates that integrated circuits represent 99.91% of total revenue, while other businesses account for only 0.09% [1] - As of the latest report, Hengshuo Co., Ltd. has a market capitalization of 3.9 billion yuan [2]

Core Viewpoint - Hengshuo Co., Ltd. experienced significant trading activity on August 28, with a total of 372,700 shares traded through block transactions, amounting to 14.5355 million yuan, at a price of 39.00 yuan, reflecting a discount of 16.24% compared to the closing price of the day [2]. Trading Activity Summary - On August 28, there were 4 block transactions for Hengshuo Co., Ltd., with a total trading volume of 372,700 shares and a total transaction value of 14.5355 million yuan [2]. - The average transaction price was 39.00 yuan, which is 16.24% lower than the closing price of 46.56 yuan on the same day [2]. - Over the past three months, the stock has seen a total of 31 block transactions, with a cumulative transaction value of 94.9022 million yuan [2]. Stock Performance Summary - The closing price of Hengshuo Co., Ltd. on the day of the report was 46.56 yuan, representing an increase of 3.35% [2]. - The stock had a turnover rate of 10.46% for the day, with a total trading volume of 231 million yuan [2]. - In the last five days, the stock has increased by 6.74%, with a net inflow of funds totaling 41.4341 million yuan [2]. Margin Trading Summary - The latest margin trading balance for Hengshuo Co., Ltd. is 21.8 million yuan, which has increased by 1.9912 million yuan over the past five days, reflecting a growth rate of 10.05% [2].

恒烁半导体（合肥）股份有限公司 证券代码：688416 证券简称：恒烁股份 公告编号：2025-042 股东减持计划完成暨减持结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 股东持股的基本情况 本次减持计划实施前，恒烁半导体（合肥）股份有限公司（以下简称"恒烁 股份"或"公司"）股东宁波梅山保税港区天鹰合胜创业投资合伙企业（有限合伙） （以下简称"天鹰合胜"）持有公司股份 3,049,727 股，占公司总股本的 3.68%。 以上股份均来源于公司首次公开发行前取得的股份，天鹰合胜的股份于 2023 年 11 月 20 日起上市流通。 减持计划的实施结果情况 | 股东名称 | 宁波梅山保税港区天鹰合胜创业投资合伙企业（有限合伙） | | | | --- | --- | --- | --- | | | 控股股东、实控人及一致行动人 | □是 | √否 | | 股东身份 | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | □是 | √否 | 一、减持主体 ...

8月28日，恒烁股份大宗交易成交37.27万股，成交额1453.55万元，占当日总成交额的5.91%，成交价39 元，较市场收盘价46.56元折价16.24%。 | 交易日期 | 证券間除 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 摩西露出版 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-08-28 | 恒姓脸份 | 688416 | 39 | 526.5 | 13.5 | 天风证券股份有限 公司浙江分公司 | 太平洋证券股份有 限公司厦门分公司 | 香 | | 2025-08-28 | 恒短股份 | 688416 | 39 | 342.05 | 8.77 | 国信证券股份有限 公司浙江分公司 | 太平洋证券股份有 限公司厦门分公司 | Ka | | 2025-08-28 | 恒烧股份 | AROUGHO 688416 | ਵੀ 39 | Market St 342.03 | 152000 8.77 | 国投证券股份有限 公司上海樱花路道 | 太平洋证券股份有 ...

8月27日，恒烁股份大宗交易成交15.45万股，成交额602.55万元，占当日总成交额的1.93%，成交价39 元，较市场收盘价45.05元折价13.43%。 | 交易日期 | 豆瓣圆修 | 证券代码 | 成交价(元) | | 成交金额(万元) 成交量(*) 买入需业部 | | 黄出薯业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-08-27 | 恒线股份 | 688416 | 39 | 200.85 | 5.15 | 杭构专用 | 太平洋证券股份有 陪公司厦门分公司 | 198 | | 2025-08-27 | 恒烁般份 | 688416 | 39 | 200.85 | 5.15 | 桃构专用 | 太平洋证券股份有 限公司厦门分公司 | KA | | 2025-08-27 | 恒质股份 | 688416 | 39 | 200.85 | -2.12.2 5.15 | 机构专用 | 太平洋证券股份有 限公司厦门分公司 | 중 | ...

Core Viewpoint - The AI chip sector experienced a significant surge, driven by multiple favorable news, including advancements in domestic chip design and increased demand for AI capabilities [4][5]. Group 1: Market Dynamics - The AI chip concept stocks saw a sudden spike, with companies like Cambrian, Haiguang Information, and Yuntian Lifei hitting the 20% daily limit up, while Hengsuo shares rose over 13% [4]. - A new policy financial tool worth 500 billion yuan is set to be introduced, focusing on digital economy and AI sectors, highlighting the global emphasis on AI industries [4]. Group 2: Technological Advancements - DeepSeek announced the release of DeepSeek-V3.1, which utilizes UE8M0 FP8 Scale parameters, indicating a shift towards more applications of domestic AI chips in training and inference processes [4][5]. - Deloitte's report predicts that the new generation of AI chips will exceed $150 billion by 2025, with the global AI chip market expected to grow to $400 billion by 2027 [5]. Group 3: Domestic Market Trends - There is an increasing demand for domestic AI chips driven by the growth of AI cloud server industries and the rising desire for higher domestic chip localization rates among local cloud providers [5].