Group 1 - The core viewpoint of the article is that 恒烁股份 (Hengshuo Co., Ltd.) is currently focused on NOR Flash products and has not yet ventured into AI servers and data centers, despite the growing demand in these high-end application scenarios [2] Group 2 - The company acknowledges the increasing storage demand driven by AI servers and data centers but clarifies that its main products do not currently cater to these markets [2] - The company expresses gratitude for investor interest and engagement regarding its future strategies in high-demand sectors [2]

Core Viewpoint - Hengshuo Co., Ltd. (688416.SH) currently focuses on NOR Flash products, which have not yet been applied in AI servers and data centers [1] Company Summary - The main product of Hengshuo Co., Ltd. is NOR Flash [1] - There is no current application of NOR Flash in AI servers and data centers [1]

Core Viewpoint - The company, Hengshuo Co., Ltd. (688416.SH), has announced that its NOR Flash integrated memory chip has not yet entered mass production [1] Company Summary - Hengshuo Co., Ltd. is currently in the development phase of its NOR Flash memory chip, indicating that the product is still in the pre-production stage [1]

Core Viewpoint - The storage chip sector experienced significant fluctuations, with notable gains in several companies, indicating a potential upward trend in the market [1] Company Performance - Time Space Technology reached its daily limit increase, showcasing strong investor interest [1] - Other companies such as Puran Co., Crystal Rui Electric Materials, Baiwei Storage, Shenkong Co., Hengshuo Co., and Yingxin Development also saw their stock prices rise, reflecting a broader positive movement in the storage chip industry [1]

Summary of Key Points Core Viewpoint - The shareholder reduction plan of Hengshuo Semiconductor (Hefei) Co., Ltd. has been completed, with the shareholder Hefei Zhong'an Luyang Venture Capital Fund Partnership (Limited Partnership) successfully reducing its stake in the company. Group 1: Shareholder Holdings - Before the reduction plan, the shareholder Hefei Zhong'an Luyang held 2,402,161 shares, accounting for 2.90% of the total share capital of the company. These shares were acquired prior to the company's initial public offering and became tradable on August 29, 2023 [2]. Group 2: Implementation of Reduction Plan - On October 23, 2025, the company disclosed a reduction plan, where Zhong'an Luyang intended to reduce its holdings by up to 573,857 shares, representing 0.69% of the total share capital, through block trading [3]. - As of November 13, 2025, Zhong'an Luyang completed the reduction by selling 573,857 shares, which matched the planned reduction amount [3][5]. Group 3: Completion of Reduction Plan - The actual reduction was consistent with the previously disclosed plan, confirming that the reduction was fully implemented without any early termination of the plan [5][6].

Core Viewpoint - Hengshuo Co., Ltd. announced the completion of a share reduction plan by its shareholder, Hefei Zhong'an Luyang Venture Capital Fund Partnership (Limited Partnership) [2] Summary by Sections - **Share Reduction Details** - As of November 13, 2025, Zhong'an Luyang has reduced its holdings by 573,857 shares through block trading, which accounts for 0.69% of the company's total share capital [2]

Group 1 - The core point of the news is that Hengshuo Co., Ltd. experienced a significant block trade on November 13, with a transaction volume of 113,900 shares and a transaction amount of 7.3028 million yuan, at a price of 64.14 yuan, which is a 2.00% discount compared to the closing price of the day [2][3] - The buyer of the block trade was an institutional special account, while the seller was Huatai Securities Co., Ltd. Hefei Xiyou Road Securities Business Department [2] - Over the past three months, Hengshuo Co., Ltd. has recorded a total of 20 block trades, with a cumulative transaction amount of 70.5957 million yuan [2] Group 2 - The closing price of Hengshuo Co., Ltd. on the day of the block trade was 65.45 yuan, reflecting an increase of 2.52%, with a daily turnover rate of 10.73% and a total transaction amount of 465 million yuan [2] - The net outflow of main funds for the day was 25.0719 million yuan, while the stock has seen a cumulative increase of 4.72% over the past five days, with a total net inflow of 822,400 yuan [2] - The latest margin financing balance for Hengshuo Co., Ltd. is 252 million yuan, which has increased by 8.8203 million yuan over the past five days, representing a growth rate of 3.63% [3]

Market Performance - The main board led the gains with notable increases in stocks such as Shiji Information (+10.02%), Yongding Co. (+9.99%), and Data Port (+9.99%) [1] - The ChiNext board saw significant growth with stocks like Zhidema (+20.00%) and Chaoping San (+13.68%) [1] - The Sci-Tech Innovation board was led by Baiwei Storage (+13.21%) and Changguang Huaxin (+9.60%) [1] - Active sub-industries included SW Portal Websites (+2.98%) and SW Communication Application Value-Added Services (+2.68%) [1] Domestic News - Yiwentech launched the second generation of AR glasses, Even G2, featuring advanced specifications such as 640×350 resolution and 1200 nits peak brightness, with a 75% increase in display area compared to the previous generation [1] - Baidu announced the new Kunlun chip M100, optimized for large-scale reasoning scenarios, set to launch in 2026, and the M300 for ultra-large multimodal model training, expected in 2027 [1] - Cambricon announced its embrace of the FlagOS ecosystem, an open-source software stack supporting over 20 mainstream AI chip models [1] - UMC and Metalenz have entered mass production of the Polar ID facial recognition solution, which significantly reduces costs and complexity compared to existing methods [1] Company Announcements - SMIC reported Q3 2025 revenue of 17.162 billion yuan, a 6.9% increase quarter-on-quarter, with a gross margin of 25.5%, up 4.8 percentage points [3] - Hengyin Technology announced a significant shareholder reduction of 5% through block trading, with 5.7 million shares sold, representing 1.10% of total shares [3] - Hengshuo Co. completed its share reduction plan, selling 573,857 shares, which is 0.69% of total shares [3] - Zhixin Electronics received a patent for a heat shrink device, enhancing its production automation capabilities [3] Overseas News - Infineon reported a fiscal year 2025 revenue of 14.662 billion euros, a 2% year-on-year decline, with a profit of 2.56 billion euros and a profit margin of 17.5% [1] - Microchip Technology launched a new series of optical Ethernet PHY transceivers, offering 25 Gbps and 10 Gbps options [1] - The global smartphone panel market saw a significant quarterly growth, with Q3 2025 shipments reaching 580 million units, a year-on-year increase of approximately 5.2% [1] - Kioxia expects NAND demand to exceed supply, projecting a 15% growth in bit shipments for fiscal year 2025 [1]

Core Points - Hengshuo Co., Ltd. (688416.SH) announced the completion of a share reduction plan by its shareholder Zhong'an Luyang as of November 13, 2025 [1] - Zhong'an Luyang has reduced its holdings by a total of 573,900 shares, representing 0.69% of the company's total share capital [1] Summary by Category - **Share Reduction Details** - The share reduction was executed through block trading [1] - The reduction plan has been fully implemented as of the specified date [1]

Group 1 - The core point of the article is that Hengshuo Co., Ltd. announced the completion of a share reduction plan by its shareholder Zhong'an Luyang, who reduced their holdings by 573,857 shares, accounting for 0.69% of the total share capital [1] - As of November 13, 2025, the company reported that its revenue composition for the year 2024 is heavily reliant on integrated circuits, which make up 99.91% of total revenue, while other businesses contribute only 0.09% [1] - The current market capitalization of Hengshuo Co., Ltd. is 5.4 billion yuan [2]