格隆汇12月1日丨芯原股份(688521.SH)公布，公司于近日收到股东兴橙投资方、国开基金分别发送的 《上市公司股东股份减持计划告知函》及《关于股份减持计划的告知函》，因股东自身资金需求，兴橙 投资方计划通过集中竞价和大宗交易方式合计减持不超过525.86万股公司股份，减持比例不超过 1.00%；国开基金计划通过集中竞价和大宗交易方式合计减持不超过78.86万股公司股份，减持比例不超 过0.15%。上述减持计划拟自本公告披露之日起15个交易日后的3个月内进行，减持价格将参考市场价 格。 ...

芯原股份12月1日晚间公告，公司股东嘉兴时兴创业投资合伙企业（有限合伙）、嘉兴海橙创业投资合 伙企业（有限合伙）、共青城文兴投资合伙企业（有限合伙）（合称"兴橙投资方"）及济南国开科创产 业股权投资合伙企业（有限合伙）计划自公告披露之日起15个交易日后的3个月内，通过集中竞价和大 宗交易方式减持公司股份。其中，兴橙投资方拟减持不超过525.86万股，占公司总股本的1%；国开基 金拟减持不超过78.86万股，占公司总股本的0.15%。减持价格将参考市场价格确定，减持原因均为自身 资金需求。 ...

兴橙投资方计划通过集中竞价和大宗交易方式，合计减持公司股份不超过525.86万股，减持比例不超过 1%；国开基金计划通过集中竞价和大宗交易方式，合计减持公司股份不超过78.86万股，减持比例不超 过0.15%。上述股东合计减持比例不超1.15%。 人民财讯12月1日电，芯原股份(688521)12月1日公告，兴时兴创业投资合伙企业(有限合伙)、嘉兴海橙 创业投资合伙企业(有限合伙)、共青城文兴投资合伙企业(有限合伙)(合称"兴橙投资方")合计持有公司 7.55%的股份；济南国开科创产业股权投资合伙企业(有限合伙)(简称"国开基金")持有公司0.40%的股 份。 ...

证券代码：688521 证券简称：芯原股份 公告编号：2025-076 芯原微电子（上海）股份有限公司 股东减持股份计划公告 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 截至本公告披露日，嘉兴时兴创业投资合伙企业（有限合伙）、嘉兴海橙创 业投资合伙企业（有限合伙）、共青城文兴投资合伙企业（有限合伙）（以下合 称"兴橙投资方"）合计持有芯原微电子（上海）股份有限公司（以下简称"公司"） 39,710,211 股，占公司总股本的 7.5515%；济南国开科创产业股权投资合伙企业 （有限合伙）（以下简称"国开基金"）持有公司 2,101,927 股，占公司总股本的 0.3997%。 上述股份均为公司首次公开发行前取得，已全部解除限售并上市流通。 减持计划的主要内容 公司于近日收到股东兴橙投资方、国开基金分别发送的《上市公司股东股份 减持计划告知函》及《关于股份减持计划的告知函》，因股东自身资金需求，兴 橙投资方计划通过集中竞价和大宗交易方式合计减持不超过 5,258,582 股 ...

Core Insights - The AI industry chain experienced a strong start on December 1, with the Huatai-PineBridge AI ETF (589560) rising by 1.74% and a trading volume exceeding 23 million yuan, a 106% increase compared to the previous period [1] - The underlying index of the Huatai-PineBridge AI ETF saw a robust increase of 1.59%, with key component stocks such as Lexin Technology rising by 8.55% and several others, including Jingchen Technology and Fudan Microelectronics, increasing by over 4% [3] Market Performance - The top ten component stocks of the Huatai-PineBridge AI ETF showed varied performance, with Lexin Technology leading at 8.55% and Chip Original Co. experiencing a decline of 1.76% [4] - The overall market sentiment remains high, with a focus on the AI sector as a core investment theme, despite potential short-term adjustments [6] Industry Events - The "2025 AI+" Industry Ecosystem Conference, hosted by the China Internet Association, is taking place from December 1 to 3, covering the entire AI industry chain and releasing the "2025 AI+ Industry Development Report" [5] - The report indicates that the core AI industry in Beijing is projected to reach 215.22 billion yuan in the first half of 2025, reflecting a year-on-year growth of 25.3%, with an estimated total industry scale exceeding 450 billion yuan for the entire year [5] Future Outlook - According to Huatai Securities, the AI industry's positive trend is expected to continue, with a focus on supply-demand improvements and sector-specific growth opportunities [6] - China International Capital Corporation (CICC) emphasizes that AI infrastructure and applications will remain a primary investment focus through 2026, highlighting opportunities in domestic AI innovation and overseas hardware markets [7][8]

Group 1: Market Performance - The China Securities Intelligent Vehicle Theme Index (930721) rose by 2.20% as of December 1, 2025, with component stocks such as Guanghetong (300638) increasing by 20.01% and Beijing Junzheng (300223) by 17.04% [1] - The Intelligent Vehicle ETF Fund (159795) also saw a rise of 2.14%, marking its third consecutive increase, with a latest price of 1.05 yuan [1] - Over the past week, the Intelligent Vehicle ETF Fund has accumulated a rise of 3.63% [1] Group 2: Company Developments - Leap Motor reported a record high delivery of 70,327 units in November, representing a year-on-year growth of over 75%, maintaining a growth trend for nine consecutive months [3] - Xiaomi Group announced the launch of its embodied AI model MiMo-Embodied, which integrates autonomous driving and embodied intelligence, with Xiaomi's vehicle deliveries exceeding 40,000 units in November [3] - Great Wall Motors introduced the VLA auxiliary driving model and previewed a new generation of the auxiliary driving system, CPMaster [3] Group 3: Investment Insights - Ideal Auto plans to invest 12 billion yuan in R&D for 2025, with over 6 billion yuan allocated to AI [4] - According to GF Securities, as overseas automakers lose market share, they are accelerating their smart technology advancements to enhance competitiveness, while Chinese brands are positioned to benefit from global opportunities in the intelligent vehicle supply chain [4] - The integration of intelligent vehicles and robotics is expected to expand the valuation ceiling of the sector, with the Intelligent Vehicle ETF Fund closely tracking the performance of leading companies in intelligent vehicle applications [4] Group 4: Index Composition - As of September 9, 2025, the top ten weighted stocks in the China Securities Intelligent Vehicle Theme Index (930721) include Chipone (688521), Luxshare Precision (002475), and Top Group (601689), collectively accounting for 48.47% of the index [4][5]

Core Viewpoint - The data indicates significant capital outflows from the top 20 stocks as of December 1, with notable amounts withdrawn from various companies [1] Group 1: Major Capital Outflows - Industrial Fulian experienced the highest outflow at -9.20 billion yuan [1] - Sunshine Power followed with an outflow of -7.95 billion yuan [1] - Shenghong Technology saw a capital outflow of -7.62 billion yuan [1] Group 2: Additional Notable Outflows - Qianzhao Optoelectronics had an outflow of -6.50 billion yuan [1] - Changxin Bochuang recorded -4.69 billion yuan in outflows [1] - Shannon Chip Creation experienced -4.47 billion yuan in capital outflows [1] Group 3: Other Companies with Significant Outflows - BlueFocus Media had an outflow of -3.86 billion yuan [1] - Dongfang Fortune saw -3.76 billion yuan in outflows [1] - Shanghai Electric experienced a capital outflow of -3.09 billion yuan [1] Group 4: Remaining Companies in the Top 20 - Dongxin Co. had an outflow of -2.79 billion yuan [1] - Zhongwei Company saw -2.76 billion yuan in outflows [1] - 360 Security Technology experienced a capital outflow of -2.65 billion yuan [1] - Other companies with notable outflows include Dongtian Micro (-2.40 billion yuan), Aerospace Power (-2.34 billion yuan), and Huagong Technology (-2.30 billion yuan) [1]

Group 1 - The semiconductor sector showed strength on November 28, 2025, with the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index rising by 1.22% [1] - Key stocks such as Jinghe Integrated rose by 11.32%, Tuojing Technology by 6.55%, and Tianyue Advanced by 6.13% [1] - The Chinese semiconductor industry is expected to see the chip design sector exceed 1 trillion yuan by 2030, indicating strong long-term growth potential [1] Group 2 - Dongguan Securities forecasts that artificial intelligence will remain the main innovation line in the technology sector through 2026, benefiting multiple segments including computing power, storage, equipment, and advanced packaging [1] - The top ten weighted stocks in the Sci-Tech Innovation Board Chip Index account for 60.55% of the index, with major companies including Haiguang Information, Cambricon, and SMIC [1] Group 3 - The Sci-Tech Chip ETF (588200) tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index, providing a convenient tool for investing in the chip sector [2] - Investors without stock accounts can access domestic chip investment opportunities through the Sci-Tech Chip ETF Linked Fund (017470) [3]

Market Overview - On November 27, the Shanghai Composite Index rose by 0.29%, while the Shenzhen Component Index fell by 0.25%, and the ChiNext Index decreased by 0.44%. The CSI 300 Index saw a slight decline of 0.05% [1] - Among the tradable A-shares, 2,789 stocks increased, accounting for 51.33%, while 2,447 stocks declined [1] Capital Flow - The main capital saw a net outflow of 21.827 billion yuan throughout the day. The ChiNext experienced a net outflow of 8.226 billion yuan, while the STAR Market had a net outflow of 834 million yuan. The CSI 300 constituents faced a net outflow of 7.423 billion yuan [1] - In terms of industry capital flow, 6 sectors saw net inflows, with the light industry manufacturing sector leading with a net inflow of 590 million yuan and a daily increase of 1.09%. The electronics sector followed with a net inflow of 499 million yuan and a daily increase of 0.26% [1] Industry Performance - Among the 13 sectors that increased, light industry manufacturing and basic chemicals had the highest gains of 1.09% and 1.01%, respectively. Conversely, the comprehensive and media sectors experienced the largest declines of 2.34% and 1.40% [1] - The computer industry had the largest net outflow of capital, with a decrease of 0.82% and a net outflow of 4.048 billion yuan. The media sector also saw significant outflows, with a decline of 1.40% and a net outflow of 3.730 billion yuan [1] Individual Stock Performance - A total of 2,089 stocks experienced net inflows, with 623 stocks having inflows exceeding 10 million yuan. Among these, 73 stocks had inflows over 100 million yuan, with ZTE Corporation leading at a net inflow of 1.099 billion yuan and a daily increase of 3.25% [2] - The stocks with the largest net outflows included Zhongji Xuchuang, Huadian Technology, and CATL, with net outflows of 1.427 billion yuan, 790 million yuan, and 747 million yuan, respectively [2]

Market Overview - The Shanghai Composite Index rose by 0.29% on November 27, with 13 out of the 28 sectors experiencing gains, led by light industry manufacturing and basic chemicals, which increased by 1.09% and 1.01% respectively [2] - The electronic sector also saw a rise of 0.26% [2] - Conversely, the sectors that faced declines included comprehensive and media, with decreases of 2.34% and 1.40% respectively [2] Capital Flow Analysis - The net outflow of capital from the two markets reached 21.827 billion yuan, with six sectors experiencing net inflows [2] - The light industry manufacturing sector led the net inflow with 590 million yuan, followed by the electronic sector with a net inflow of 499 million yuan [2] - A total of 25 sectors experienced net outflows, with the computer sector leading at 4.048 billion yuan, followed by the media sector at 3.730 billion yuan [2] Electronic Sector Performance - The electronic sector had a net inflow of 499 million yuan, with 302 out of 471 stocks rising, including 10 stocks hitting the daily limit [3] - Notable stocks with significant net inflows included Furi Electronics with 498 million yuan, followed by Chip Origin and Xiangnong Chip with 462 million yuan and 368 million yuan respectively [3] - The sector also had 19 stocks with net outflows exceeding 100 million yuan, with the largest outflows from Huadian Electronics, Jiangbolong, and Shengyi Electronics, amounting to 790 million yuan, 340 million yuan, and 229 million yuan respectively [5] Top Gainers in Electronic Sector - Furi Electronics: +9.98%, turnover rate 10.44%, net inflow 497.76 million yuan [4] - Chip Origin: +1.62%, turnover rate 5.19%, net inflow 462.17 million yuan [4] - Xiangnong Chip: +0.01%, turnover rate 11.08%, net inflow 368.09 million yuan [4] Top Losers in Electronic Sector - Huadian Electronics: -3.71%, turnover rate 6.04%, net outflow 789.52 million yuan [5] - Jiangbolong: -2.85%, turnover rate 6.01%, net outflow 340.77 million yuan [5] - Shengyi Electronics: -2.46%, turnover rate 2.30%, net outflow 229.45 million yuan [5]