Core Viewpoint - The stock of Chip Original Co., Ltd. has experienced significant fluctuations, with a year-to-date increase of 184.05%, but a recent decline in the last five and twenty trading days, indicating potential volatility in investor sentiment and market conditions [1][2]. Group 1: Stock Performance - As of November 10, Chip Original's stock price was 148.93 CNY per share, with a market capitalization of 78.316 billion CNY [1]. - The stock has seen a decline of 5.05% over the last five trading days and 20.14% over the last twenty trading days, despite a 60.09% increase over the last sixty days [1]. - The company has appeared on the trading leaderboard six times this year, with the most recent net buy of 523 million CNY on September 22 [1]. Group 2: Financial Performance - For the period from January to September 2025, Chip Original reported a revenue of 2.255 billion CNY, reflecting a year-on-year growth of 36.64% [2]. - The company recorded a net profit attributable to shareholders of -347 million CNY, which is a year-on-year increase of 12.42% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 94.49% to 49,400, while the average circulating shares per person decreased by 48.39% to 10,144 shares [2]. - Notable shareholders include Hong Kong Central Clearing Limited, which is a new entrant holding 12.6965 million shares, and various ETFs that have reduced their holdings [3].

Core Viewpoint - The electronic sector has become a primary focus for both public and private equity institutions participating in A-share companies' private placements, reflecting optimism about the long-term prospects of China's technology industry, especially with the acceleration of AI integration across various sectors [1][4]. Group 1: Private Placement Participation - As of November 6, 2023, private equity institutions have participated in 53 A-share companies' private placements, with a total allocation exceeding 5 billion yuan, marking a year-on-year increase of 23.17% from 4.49 billion yuan [1][2]. - The overall floating profit from these private placements reached 2.61 billion yuan, with a floating profit ratio of 47.3% [1]. Group 2: Public Placement Participation - A total of 37 public equity institutions have engaged in 74 A-share companies' private placements, with total allocations amounting to approximately 30.29 billion yuan, and a floating profit of 12.25 billion yuan, resulting in a floating profit ratio of 40.45% [2][3]. Group 3: Electronic Sector Focus - The electronic industry has emerged as the most contested area for private placements, with private equity institutions participating in 10 electronic companies, totaling 2.03 billion yuan, which accounts for 36.78% of the total private placement amount [3]. - Public equity institutions have also shown strong interest in the electronic sector, participating in 13 electronic companies' private placements with a total allocation of 8.99 billion yuan and a floating profit ratio of 42.81% [3]. Group 4: Market Outlook - Analysts suggest that the electronic sector's appeal is driven by its long-term growth potential and the global competitive advantages of related industries, particularly in AI computing power and chip manufacturing [4][5]. - The next 3 to 5 years may witness a dual-driven growth pattern in technology investments, characterized by accelerated hardware iterations and explosive software ecosystem development [5].

Market Overview - The semiconductor sector experienced a decline of 1.13% on November 7, with Daway Technology leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Top Gainers in Semiconductor Sector - Kangqiang Electronics (002119) saw a significant increase of 10.02%, closing at 21.08 with a trading volume of 745,900 shares [1] - Wentai Technology (600745) rose by 9.70%, closing at 45.00 with a trading volume of 902,200 shares [1] - Changguang Huaxin (688048) increased by 9.01%, closing at 87.50 with a trading volume of 268,200 shares [1] Top Losers in Semiconductor Sector - Daway Technology (002213) fell by 5.66%, closing at 26.48 with a trading volume of 604,100 shares [2] - Canxin Technology (688691) decreased by 5.28%, closing at 115.73 with a trading volume of 67,900 shares [2] - Fudan Microelectronics (688385) dropped by 4.85%, closing at 57.90 with a trading volume of 136,600 shares [2] Capital Flow Analysis - The semiconductor sector experienced a net outflow of 4.338 billion yuan from institutional investors, while retail investors saw a net inflow of 2.454 billion yuan [2][3] - Notable net inflows from retail investors were observed in Kangqiang Electronics and New Clean Energy, with net inflows of 1.41 billion yuan and 1.15 billion yuan respectively [3] Summary of Trading Data - The trading data indicates a mixed performance among semiconductor stocks, with significant volatility in both gains and losses across various companies [1][2][3]

Core Viewpoint - The Chip 50 ETF (516920) opened with a decline of 1.42%, indicating a negative market sentiment towards the semiconductor sector [1] Group 1: ETF Performance - The Chip 50 ETF (516920) opened at 1.043 yuan, reflecting a decrease of 1.42% [1] - Since its establishment on July 27, 2021, the fund has achieved a return of 5.88%, while the return over the past month has been -5.62% [1] Group 2: Major Holdings Performance - Key holdings in the Chip 50 ETF experienced significant declines, including: - SMIC down 1.54% - Cambricon down 1.65% - Haiguang Information down 2.38% - Northern Huachuang down 0.83% - Lattice Semiconductor down 1.75% - Zhaoyi Innovation down 1.99% - Zhongwei Company down 1.11% - OmniVision down 0.53% - Chipone down 2.23% - JCET down 1.13% [1]

Group 1 - The core point of the article highlights the performance of the Science and Technology Innovation ETF (588050), which opened down by 1.15% at 1.457 yuan on November 7 [1] - Major holdings in the ETF experienced declines, with notable drops including SMIC down 1.54%, Haiguang Information down 2.38%, and Cambrian down 1.65% [1] - The ETF's performance benchmark is the Shanghai Stock Exchange Science and Technology Innovation Board 50 Index, managed by ICBC Credit Suisse Asset Management Company, with a return of 2.74% since its inception on September 28, 2020, and a recent one-month return of -3.88% [1]

（1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （3）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政处 罚或者采取市场禁入措施； （4）具有《公司法》规定的不得担任公司董事、高级管理人员情形的； （5）法律法规规定不得参与上市公司股权激励的； 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 2025 年限制性股票激励计划 首次授予激励对象名单的核查意见（截至授予日） 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》"）、《科创板上市公司自律监管指南第 4 号—股权激励信息披露》等相关法 律、法规及规范性文件和《芯原微电子（上海）股份有限公司章程》（以下简称 "《公司章程》"）的有关规定，对公司 2025 年限制性股票激励计划（以下简称"本 次激励计划" ...

证券代码：688521 证券简称：芯原股份 公告编号：2025-074 芯原微电子（上海）股份有限公司 关于向激励对象首次授予限制性股票的公告 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。 重要内容提示： 公司《2025 年限制性股票激励计划（草案）》（以下简称"《激励计划》"） 规定的限制性股票首次授予条件已经成就，根据公司 2025 年第二次临时股东会 授权，公司于 2025 年 11 月 6 日召开第三届董事会第六次会议，审议通过了《关 于向激励对象首次授予限制性股票的议案》，确定 2025 年 11 月 6 日为首次授予 日，以人民币 84.58 元/股的授予价格向 1,123 名激励对象授予 643.8500 万股限制 性股票。现将有关事项说明如下： 限制性股票首次授予日：2025 年 11 月 6 日 限制性股票首次授予数量：643.8500 万股，约占芯原微电子（上海）股 份有限公司（以下简称"公司"）2025 年限制性股票激励计划（以下简称"本激 励计划"）公告时公司股本总额 52,571.3273 万股 ...

证券代码：688521 证券简称：芯原股份 公告编号：2025-073 芯原微电子（上海）股份有限公司 关于调整公司 2025 年限制性股票激励计划相关事项的公告 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。 鉴于公司内部激励需求发生变化，公司董事会根据 2025 年第二次临时股东 会的相关授权，于 2025 年 11 月 6 日召开了第三届董事会第六次会议，审议通过 了《关于调整公司 2025 年限制性股票激励计划相关事项的议案》，对本次激励计 划首次授予激励对象涉及的授予数量在各激励对象之间进行调整（不涉及董事、 高级管理人员）。本次调整后，首次授予的限制性股票数量由 649.3000 万股调整 为 643.8500 万股，预留部分授予数量 162.3250 万股保持不变。 除上述调整内容外，本次激励计划其他内容与公司 2025 年第二次临时股东 会审议通过的《芯原微电子（上海）股份有限公司 2025 年限制性股票激励计划 （草案）》的内容一致。根据公司 2025 年第二次临时股东会的授权，本次调整无 需提交公司股东 ...

证券代码：688521 股票简称：芯原股份 公告编号：2025-071 芯原微电子（上海）股份有限公司 3、公司向中国证券登记结算有限责任公司上海分公司就核查对象在本次激 励计划首次公开披露前六个月（2025 年 4 月 16 日至 2025 年 10 月 15 日）买卖 1 公司股票情况进行了查询，并由中国证券登记结算有限责任公司上海分公司出具 了查询证明。 关于公司 2025 年限制性股票激励计划 内幕信息知情人买卖公司股票情况的自查报告 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。 2025 年 10 月 15 日，芯原微电子（上海）股份有限公司（以下简称"公司"） 召开第三届董事会第四次会议，审议通过了《关于审议<芯原微电子（上海）股 份有限公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等议案，并 于 2025 年 10 月 16 日在上海证券交易所网站（www.sse.com.cn）披露了相关公 告。 按照《上市公司信息披露管理办法》及公司相关内部保密制度的规定，公司 对 2025 年限制性股票 ...

（截至授予日） 芯原微电子（上海）股份有限公司 一、限制性股票激励计划的分配情况表 2025 年限制性股票激励计划首次授予部分激励对象名单 | 姓名 | 国籍 | 职务 | 获授限制性股 | 占首次授予 限制性股票 | 占本激励计 划公告日股 | | --- | --- | --- | --- | --- | --- | | | | | 票数量(万股) | 总数比例 | 本总额比例 | | | | 一、董事、高级管理人员、核心技术人员 | | | | | Wayne Wei-Ming | 美国 | 董事长，总裁，核心技术 | 80.0000 | 12.4253% | 0.1522% | | Dai（戴伟民） | | 人员 | | | | | Wei-Jin Dai（戴伟进） | 美国 | 董事，首席战略官，副总 裁，核心技术人员 | 50.0000 | 7.7658% | 0.0951% | | 汪洋 | 中国 | 董事，首席运营官，副总 裁 | 30.0000 | 4.6595% | 0.0571% | | 石雯丽 | 中国 | 董事，董事会秘书，副总 裁 | 30.0000 | 4.6595% | 0.0 ...