芯原微电子（上海）股份有限公司（以下简称"公司"）董事会薪酬与考核委 员会依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称 "《管理办法》"）、《上海证券交易所科创板股票上市规则》（以下简称"《上市规 则》"）和《芯原微电子（上海）股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，对公司 2020 年限制性股票激励计划（以下简称"本次激励计划"） 预留授予部分第二批次第三个归属期归属名单进行审核，发表核查意见如下： 本次拟归属的 19 名激励对象符合《公司法》《证券法》等法律、法规和规范 性文件以及《公司章程》规定的任职资格，符合《管理办法》《上市规则》等法 律、法规和规范性文件规定的激励对象条件，符合《2020 年限制性股票激励计 划（草案）》规定的激励对象范围，其作为公司本次限制性股票激励计划激励对 象的主体资格合法、有效，激励对象获授限制性股票的归属条件已成就。 芯原微电子（上海）股份有限公司 董事会薪酬与考核委员会关于 2020 年限制性股票激励计划 预留授予部分第二批次第三个归属期归属名单的 ...

芯原微电子（上海）股份有限公司 第三届董事会独立董事第三次专门会议决议 芯原微电子（上海）股份有限公司 董事会独立董事专门会议 2025 年 12 月 29 日 1 一、《关于增加日常关联交易预计额度的议案》 公司增加本年度（即自董事会审议通过本议案之日起至 2025 年年度股东会 召开之日止）预计发生的日常关联交易额度符合《中华人民共和国公司法》《上 海证券交易所科创板股票上市规则》《芯原微电子（上海）股份有限公司章程》 等相关规定，公司与关联人之间发生的交易基于公司生产经营需要，交易定价公 平、合理，日常关联交易额度的预计符合交易双方业务发展需求，不存在损害公 司及中小股东利益的情形，不会影响公司的独立性，也不会对公司持续经营产生 影响，符合公司的长远发展规划。同意将该议案提交公司董事会审议。 表决结果：同意 4 票，反对 0 票，弃权 0 票。 上述议案尚需提交公司董事会审议。 根据《上市公司独立董事管理办法》《芯原微电子（上海）股份有限公司章 程》《芯原微电子（上海）股份有限公司独立董事工作制度》和《芯原微电子（上 海）股份有限公司独立董事专门会议议事规则》等有关规定，芯原微电子（上海） 股份有限公司 ...

证券代码：688521 证券简称：芯原股份 公告编号：2025-084 芯原微电子（上海）股份有限公司 第三届董事会第八次会议决议公告 本公司董事会及全体董事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。 一、董事会会议召开情况 芯原微电子（上海）股份有限公司（以下简称"公司"）第三届董事会第八次 会议通知已于 2025 年 12 月 23 日发出，会议于 2025 年 12 月 29 日在公司会议室 以现场结合通讯方式召开。本次董事会应出席会议的董事 11 人，实际出席董事 11 人。本次会议由董事长 Wayne Wei-Ming Dai（戴伟民）先生主持。本次会议 召开符合《中华人民共和国公司法》等有关法律、法规和《芯原微电子（上海） 股份有限公司章程》（以下简称"《公司章程》"）的规定，表决形成的决议合法、 有效。 二、董事会会议审议情况 经过与会董事认真审议，形成如下决议： 1、审议通过《关于公司 2020 年限制性股票激励计划预留授予第二批次第三 个归属期归属条件成就的议案》 董事会同意公司 2020 年限制性股票激励计划（以下简称" ...

证券之星消息，12月29日半导体板块较上一交易日上涨0.25%，东微半导领涨。当日上证指数报收于 3965.28，上涨0.04%。深证成指报收于13537.1，下跌0.49%。半导体板块个股涨跌见下表： 从资金流向上来看，当日半导体板块主力资金净流出44.58亿元，游资资金净流入5.3亿元，散户资金净流 入39.29亿元。半导体板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688261 | 东微半导 | 80.29 | 12.62% | 11.26万 | | 8.78亿 | | 688711 | 宏微科技 | 31.08 | 8.90% | 27.53万 | | 8.32亿 | | 688372 | 伟测科技 | 110.51 | 6.91% | ● 8.81万 | | 9.78亿 | | 688498 | 源杰科技 | 684.40 | 6.60% | - 4.94万 | | 33.37亿 | | 688521 | 心原股份 | 135.20 | 5 ...

Core Insights - The People's Bank of China has officially released an action plan to strengthen the management and service system of digital RMB, with a new framework set to launch on January 1, 2026 [1][3] Group 1: Policy and Regulatory Developments - The release of the action plan is part of a broader strategy by the central bank to address global challenges related to central bank digital currencies (CBDCs) [3] - The Deputy Governor of the People's Bank of China highlighted four major challenges facing CBDCs, including the impact of modern digital payment tools on monetary control and the balance between central bank liabilities and commercial bank responsibilities [3] Group 2: Market Potential and Application - As of November 2025, digital RMB has processed 3.48 billion transactions amounting to 16.7 trillion yuan, with significant growth in user wallets [4] - The digital RMB has established a dominant position in cross-border payments, handling 4,047 transactions worth approximately 387.2 billion yuan, accounting for 95.3% of transaction volume in a multilateral CBDC bridge project [4] Group 3: Industry Growth and Investment Opportunities - The digital currency industry is experiencing a surge, with 74,600 new blockchain-related companies registered in 2025, indicating a robust ecosystem supporting digital RMB [5] - Capital markets have reacted positively, with significant stock price increases in companies involved in the digital currency sector following the announcement of favorable policies [5] - Analysts suggest that the digital RMB is evolving beyond a payment tool into a strategic asset that integrates finance, technology, and data, with potential applications in smart contracts and supply chain finance [6]

Group 1 - The core viewpoint of the article highlights the active performance of semiconductor stocks in the A-share market, driven by the launch of the National Venture Capital Guidance Fund, which is expected to mobilize trillions in funding for early-stage projects in integrated circuits and artificial intelligence [2][3]. - The semiconductor index saw a rise of over 1.5%, with individual stocks like Maiwei Co. hitting a 20% limit up, and other companies such as Dongwei Semiconductor and Cambricon also experiencing significant gains [3]. - The National Venture Capital Guidance Fund aims to attract diverse investments from local governments, central enterprises, financial institutions, and private capital, focusing on strategic emerging industries and future industries [3]. Group 2 - In the South Korean stock market, major chip manufacturers like SK Hynix and Samsung Electronics have seen their stock prices rise significantly, with SK Hynix increasing by over 6% and Samsung Electronics by over 2% [4]. - The global semiconductor market is projected to reach $659.1 billion in 2024, reflecting a 20% year-on-year growth, with integrated circuits making up the largest share at 73.9% [6]. - Investment opportunities are emerging in the domestic semiconductor industry, particularly in third-generation semiconductor materials, computing chips, and RF communication chips, driven by national policies and international dynamics [6][7].

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential upside of 15% to 35% [8][12]. Core Insights - The company announced a significant increase in new orders for Q4 2025, totaling RMB 2.5 billion, which represents a 130% year-over-year growth and a 56% quarter-over-quarter increase. This growth is primarily driven by demand for AI-related chip solutions [8][11]. - The company is expected to benefit from the ongoing transformation in the industry, particularly as internet companies increase their investments in AI computing capabilities [8]. - Despite a recent decline in stock price due to shareholder reductions, this presents a long-term buying opportunity as the company's fundamentals remain strong [8][11]. Summary by Sections Company Information - The company operates in the electronics industry, with a current stock price of RMB 127.90 as of December 26, 2025. The stock has seen a 12-month high of RMB 216.77 and a low of RMB 44.47. The total market capitalization is approximately RMB 640.78 billion [2]. Recent Ratings - The company has consistently received "Buy" ratings in recent reports, with the latest rating issued on August 25, 2025 [3]. Product Mix - The company's revenue sources include 43.4% from chip volume business, 33.5% from IP licensing fees, 17.8% from chip design services, and 5.3% from royalties [4]. Financial Forecast - The company is projected to achieve revenues of RMB 30.6 billion, RMB 54.1 billion, and RMB 84.7 billion for the years 2025, 2026, and 2027, respectively, with year-over-year growth rates of 32%, 77%, and 57% [11]. - Net profits are expected to turn positive in 2025, with projections of RMB 0.26 billion, RMB 2.7 billion, and RMB 6.4 billion for the years 2025, 2026, and 2027, respectively [10][11].

Core Viewpoint - The semiconductor sector in A-shares is experiencing significant activity, driven by the launch of the National Venture Capital Guidance Fund, which is expected to mobilize trillions in funding for early-stage projects in integrated circuits and artificial intelligence [1][3]. Group 1: Market Activity - A-shares semiconductor stocks have shown notable movements, with companies like Maiwei Co., Ltd. hitting a 20% limit up [1][3]. - The semiconductor index rose over 1.5% on December 29, with individual stocks such as Maiwei Co., Ltd. and Dongwei Semiconductor seeing substantial gains [3]. - Korean chip giants SK Hynix and Samsung Electronics have also seen their stock prices rise, contributing to positive sentiment in the A-share semiconductor market [4]. Group 2: National Policy Impact - The National Venture Capital Guidance Fund was officially launched on December 26, aiming to attract a wide range of investments from local governments, central enterprises, financial institutions, and private capital, targeting a total fund size of one trillion yuan [3]. - The fund will focus on early-stage projects in strategic emerging industries, including integrated circuits and artificial intelligence, to enhance innovation and productivity [3]. Group 3: Industry Growth Projections - According to Statista Market Insights, the global semiconductor market is projected to reach $659.1 billion in 2024, representing a 20% year-on-year increase, with integrated circuits accounting for 73.9% of the market [6]. - The fastest growth is expected in AI chips, with a projected increase of 49.3% [6]. - Investment opportunities are anticipated in third-generation semiconductor materials, computing chips, and RF communication chips, driven by domestic policy and international dynamics [7].

每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 消息方面，从市场监管总局获悉，人工智能大模型系列国家标准正式实施。作为首部聚焦通用大模 型的国家标准，该系列标准填补了技术评价体系空白。截至目前，标准工具完成千余项评测任务，调用 大模型超95万次，精准识别幻觉控制、内容安全等共性问题，助力近30家厂商技术迭代，推动形成"研 发—评测—应用—升级"闭环。 银河证券表示， AI应用商业化加速落地。"人工智能+"行动被写入"十五五"规划，"人工智能+"应 用将提速。"十五五"规划建议稿文件明确"人工智能+"行动要贯穿科研、制造、治理、服务全链条，不 再局限于数字产业化，而是发挥引领及全方位赋能千行百业作用。根据国务院在8月发布的《关于深入 实施"人工智能+"行动意见》要求，到2027年要率先实现人工智能与6大重点领域广泛深度融合，新一代 智能终端、智能体等应用普及率超70%； ...

Group 1 - A-shares trading volume has increased, with sectors such as non-ferrous metals, robotics, and AI performing well. Notable stocks include Wuzhou Xinchun and New Spring Co., which saw significant gains [1] - The Ministry of Industry and Information Technology announced the establishment of the "Humanoid Robot and Embodied Intelligence Standardization Technical Committee," marking a shift from unregulated growth to a structured standard-setting phase in the humanoid robot and embodied intelligence industry [1] - Tianfeng Securities highlights humanoid robots as a potential growth area in AI, with increasing global expectations for the industry. The future development of the humanoid robot supply chain is expected to show "global resonance and multiple blooming" as major tech companies invest more in AI technologies [1] Group 2 - The Smart Car ETF (159888) closely tracks the CS Intelligent Vehicle Index, with constituent stocks primarily in electronics, computers, automotive, and communications sectors, showcasing strong technological attributes [2] - The Automotive Parts ETF (562700) tracks the CSI Automotive Parts Theme Index, covering various fields such as automotive systems, interiors, electronics, and tires, benefiting from the trends of electrification and intelligence in the automotive industry [2] Group 3 - Related products include Automotive Parts ETF (562700), Smart Car ETF (159888), and AI ETF (515070) [3]