Group 1 - The core point of the article is that Chip Origin Co., Ltd. plans to acquire a controlling stake in Chip Lai Zhirong Semiconductor Technology (Shanghai) Co., Ltd. through a combination of issuing shares and cash payments, with trading suspension starting from August 29 [1][4] - Chip Origin currently holds 2.99% of Chip Lai Zhirong's shares and aims to acquire either all or a controlling stake in the company, with the transaction counterparties yet to be finalized [4][6] - Chip Lai Zhirong is recognized as one of the pioneering companies in China based on the RISC-V open instruction set architecture, which aligns with Chip Origin's strategic focus [1][7] Group 2 - Chip Lai Zhirong was established on September 20, 2018, and has completed six rounds of financing, with investors including Chip Origin and Xiaomi's investment platform [6] - The valuation of Chip Lai Zhirong is still under determination, which affects the classification of the transaction as a major asset restructuring or related party transaction [6] - The RISC-V architecture is gaining traction in various sectors such as AI, automotive electronics, 5G communication, and IoT, with a projected shipment of 80 billion chips based on RISC-V architecture by 2025 [7][9] Group 3 - In the first half of 2025, Chip Origin reported a revenue of 974 million yuan, representing a year-on-year increase of 4.49%, while the net profit attributable to shareholders was -320 million yuan, compared to -285 million yuan in the same period of 2024 [9][11]

【导读】芯原股份拟控股芯来智融，自 8 月 29 日开市起停牌 中国基金报记者 闻言 8 月 28 日晚间， 芯原股份 发布公告称，公司正在筹划以发行股份及支付现金的方式，购买 芯来智融半导体科技（上海）有限公司（以下简称芯来智融）股权并募集配套资金， 但当前无 法确定是否构成重大资产重组及关联交易。 芯原股份在 2019 年入股芯来智融，但直到现在才计划控股芯来智融。芯来智融是国内首批基 于 RISC-V 开放指令集架构打造的应用生态企业之一，其从事的业务正是芯原股份计划重点布 局的产业。 芯原股份计划自 8 月 29 日开市起停牌，预计停牌时间不超过 10 个交易日。 截至 8 月 28 日收盘，芯原股份报 153 元 / 股，涨幅达 6.99% ，总市值为 804.3 亿元。 目前，芯原股份初步确定的交易对方为胡振波、芯来共创（上海）管理咨询中心（有限合 伙）、芯来合创（上海）管理咨询中心（有限合伙）。 天眼查显示， 胡振波是芯来智融的实控人，合计持有芯来智融 42.1208% 的股权，并且担任 芯来智融董事长兼总经理、财务负责人等职务。 同时，芯来共创（上海）管理咨询中心（有限合伙）、芯来合创（上海） ...

Core Viewpoint - The National Big Fund's stock concept has seen a significant increase, with a rise of 4.40%, ranking fifth among concept sectors, indicating strong market interest and investment in this area [1][2]. Group 1: Market Performance - As of August 28, the National Big Fund's stock concept increased by 4.40%, with 45 stocks rising, including notable performers like Ruixin Microelectronics and Shenzhen South Circuit, which hit the daily limit [1]. - Key stocks in this sector include SMIC, which rose by 17.45%, Shengke Communication at 8.99%, and Zhongwei Company at 8.93% [1]. Group 2: Capital Inflow - The National Big Fund's stock concept experienced a net capital inflow of 3.966 billion yuan, with 26 stocks receiving net inflows, and 7 stocks exceeding 100 million yuan in net inflows [2]. - SMIC led the inflow with 2.489 billion yuan, followed by Northern Huachuang, Changdian Technology, and Chipone, with net inflows of 598.34 million yuan, 589.00 million yuan, and 449.10 million yuan respectively [2]. Group 3: Capital Flow Ratios - Chipone, Changdian Technology, and SMIC had the highest net inflow ratios, at 9.88%, 9.49%, and 9.18% respectively, indicating strong investor confidence in these companies [3].

Mergers and Acquisitions - Beixin Building Materials intends to acquire 100% equity of an overseas building materials company, which is in the same field as its main business, indicating potential synergy and positive impact on future development [1] - Chip Origin Technology is planning to purchase equity in Chip Lai Zhirong Semiconductor Technology (Shanghai) Co., Ltd. through a combination of issuing shares and cash, with the transaction still in the planning stage and valuation yet to be finalized [2] Performance Disclosure - CITIC Securities reported a net profit of 4.509 billion yuan for the first half of 2025, representing a year-on-year increase of 57.77%, with total revenue of 10.74 billion yuan, up 19.93% [3] - SMIC disclosed a net profit of 2.301 billion yuan for the first half of 2025, a nearly 40% year-on-year increase, with total revenue of 32.348 billion yuan, up 23.1% [4] - Shanxi Fenjiu reported a net profit of 8.505 billion yuan for the first half of 2025, a year-on-year increase of 1.13%, with total revenue of 23.964 billion yuan, up 5.35% [5] Shareholding Changes - Jinghua New Materials announced that its controlling shareholder and actual controller plan to reduce their holdings by no more than 3.01% of the company's shares [6] - Aojie Technology announced that shareholder Alibaba Network plans to reduce its holdings by no more than 3% of the company's shares, with a total of up to 12.549 million shares to be sold [7] - Haotong Technology announced that its actual controller and specific shareholders plan to reduce their holdings by a total of no more than 3%, with specific numbers of shares detailed [8]

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 44.34 billion yuan, while the Sci-Tech Innovation Board saw a net inflow of 2.57 billion yuan [1] - A total of 214 stocks on the Sci-Tech Innovation Board had net inflows, while 372 stocks had net outflows [1] Stock Performance - On the Sci-Tech Innovation Board, 390 stocks rose, with one stock, Dingtong Technology, hitting the daily limit, while 192 stocks declined [1] - The stock with the highest net inflow was SMIC, with 2.49 billion yuan, followed by Lanke Technology and Chipone Technology with net inflows of 644 million yuan and 449 million yuan, respectively [1] Continuous Fund Flow - There are 54 stocks that have seen continuous net inflows for more than three trading days, with Huafeng Measurement Control leading at nine consecutive days of inflow [1] - Conversely, 166 stocks have experienced continuous net outflows, with ST Nuotai and Xuantai Pharmaceutical both seeing 13 consecutive days of outflow [1] Top Net Inflows - The top stocks by net inflow include: - SMIC: 2.49 billion yuan, 9.18% inflow rate, 17.45% increase [1] - Lanke Technology: 644 million yuan, 6.97% inflow rate, 8.60% increase [1] - Chipone Technology: 449 million yuan, 9.88% inflow rate, 6.99% increase [1] Top Net Outflows - The stocks with the highest net outflows include: - Borui Pharmaceutical: 548 million yuan, 6.63% decrease [1] - Kaipu Cloud: 188 million yuan, 1.88% decrease [1] - CloudWalk Technology: 187 million yuan, 6.63% decrease [1]

Core Viewpoint - The article discusses the planned acquisition of Chip Origin Microelectronics (芯原股份) by purchasing equity in Chip Lai Zhi Rong Semiconductor Technology (芯来智融) through a combination of issuing shares and cash payments, which is expected to enhance Chip Origin's position in the RISC-V architecture sector and create synergies with its existing IP product lines [1][4]. Group 1: Transaction Details - Chip Origin is planning to acquire Chip Lai Zhi Rong using a combination of share issuance and cash payments, while also raising matching funds [1][4]. - The specific transaction amount and equity payment ratio have not yet been disclosed, but Chip Origin has a history of completing multiple cash transactions exceeding tens of millions in recent years [4]. - The transaction is subject to audit evaluation, board and shareholder approval, and regulatory approval, indicating some level of uncertainty [4]. Group 2: Strategic Importance - The acquisition is seen as a key move for Chip Origin in the RISC-V architecture field, potentially complementing its existing GPU and NPU product lines [4][7]. - Chip Lai Zhi Rong, established in 2018, is a leading player in the RISC-V sector, focusing on RISC-V CPU IP and platform solutions, with a complete product line serving over 300 domestic and international clients [6][9]. - Chip Origin has a strong presence in the semiconductor IP field, ranking seventh globally and first in China for IP revenue, with a diverse range of IP offerings [6][9]. Group 3: Market Outlook - The acquisition is expected to create multiple technological synergies, enhancing Chip Origin's capabilities in AI computing and automotive electronics [7][9]. - The RISC-V architecture is projected to be a critical technology path for overcoming heterogeneous computing bottlenecks, with the AI SoC market based on RISC-V expected to exceed $42 billion by 2030, growing at a compound annual growth rate of 49.2% [7][9].

公告显示，芯原股份正在筹划以发行股份及支付现金的方式购买芯来智融股权并募集配套资金。公司目 前持有芯来智融2.99%股权，通过本次交易拟取得芯来智融全部股权或控股权。本次交易尚处于筹划阶 段，截至公告披露日，芯来智融的估值尚未最终确定。 交易行情显示，8月28日，芯原股份收涨6.99%，收于153元/股，总市值804.3亿元。 北京商报讯(记者马换换实习记者李佳雪)8月28日晚间，芯原股份(688521)披露公告称，因筹划购买芯来 智融半导体科技(上海)有限公司(以下简称"芯来智融")股权事项，公司股票自8月29日起开始停牌，预计 停牌时间不超过10个交易日。 ...

Core Viewpoint - The news highlights various companies' financial performances, stock movements, and strategic decisions, indicating a mixed outlook across different sectors. Performance Summary - Anta Sports clarified it is not a potential acquirer of Canada Goose Holdings [3] - Lianyi Intelligent Manufacturing reported normal operations with no undisclosed significant matters [3] - Huon Electric's robot business is still in the R&D phase and has not generated revenue [3] - Tianfu Communication and Longyang Electronics both reported normal operations with no undisclosed significant matters [3] - Cambrian Technology expects annual revenue of 5 billion to 7 billion yuan in 2025 [3] - CITIC Securities reported a net profit of 13.719 billion yuan for the first half, up 29.8% year-on-year [3] - SMIC's net profit for the first half was 321 million USD, a 35.6% increase year-on-year [3] - Zhongwei Company reported a net profit of 706 million yuan, up 36.62% year-on-year [3] - Wancheng Group's net profit surged 50358.8% to 472 million yuan in the first half [3] - China Galaxy's net profit increased by 47.86% year-on-year, proposing a dividend of 1.25 yuan per 10 shares [3] - Zhujiang Beer reported a net profit of 612 million yuan, up 22.51% year-on-year [3] - Yili Group's net profit decreased by 4.39% to 7.2 billion yuan [3] - Zhongke Titanium White's net profit fell by 14.83% to 259 million yuan [3] - Huasheng Tiancheng turned a profit with a net profit of 140 million yuan [3] - Li Auto's second-quarter revenue totaled 30.2 billion yuan, down 4.5% year-on-year but up 16.7% quarter-on-quarter [3] - Bull Group's net profit decreased by 8% to 2.06 billion yuan [3] - Nanshan Aluminum reported a net profit of 2.625 billion yuan, proposing a dividend of 0.4 yuan per 10 shares [3] - Shuijingfang's net profit fell by 56.52% to 105 million yuan [3] - Huaneng International's net profit increased by 13.15% to 3.904 billion yuan [3] - SAIC Group's net profit decreased by 9.21% to 6.018 billion yuan [3] - SF Holding's net profit increased by 19.4% year-on-year, proposing a dividend of 4.6 yuan per 10 shares [3] - Zhongke Shuguang's net profit increased by 29.39% to 729 million yuan [3] - Shanxi Fenjiu's net profit increased by 1.13% to 8.505 billion yuan [3] - Haier Smart Home reported a net profit of 12.033 billion yuan, proposing a dividend of 2.69 yuan per 10 shares [3] - China State Construction's net profit increased by 3.2% to 30.404 billion yuan [3] - CITIC Construction Investment's net profit was 4.509 billion yuan, proposing a dividend of 1.65 yuan per 10 shares [3] - New China Life Insurance's net profit increased by 33.5% to 14.799 billion yuan [3] - China Southern Airlines reported a loss of 1.533 billion yuan in the first half [3] - Sanhuan Group's net profit increased by 20.63% to 1.237 billion yuan [3] - Yingshi Innovation's net profit increased by 0.25% to 520 million yuan [3] - ZTE's net profit decreased by 11.77% to 5.058 billion yuan [3] - Changxin Bochuang's net profit surged 1121.21% to 168 million yuan [3] Buyback and Shareholding Changes - Spring Airlines plans to repurchase shares worth 300 million to 500 million yuan [4] - Shenzhen Ruijie plans to repurchase 500,000 to 600,000 shares [4] - Haotong Technology's actual controller plans to reduce holdings by up to 3% [4] - Aojie Technology's shareholder Alibaba Network plans to reduce holdings by up to 3% [4] - Chunzong Technology's chairman plans to reduce holdings by up to 2.053% [4] - Zhejiang Shibao's controlling shareholder plans to reduce holdings by up to 2% [4] Contracts and Major Investments - Zhongding Co. signed a strategic cooperation agreement with the Baohe District government for the robotics industry [4] - Tongda Co. is pre-awarded a 122 million yuan procurement project by the State Grid [4] - Runjian Co. won a 392 million yuan project for green power supply in Ulanqab, Inner Mongolia [4] - Dash Intelligent signed a smart project contract for Hualun Century Plaza [4] - Huakang Clean signed a pre-award for a 136 million yuan medical purification project [4] - Shunyu Co. plans to establish a smart water management subsidiary [4] - Guanzhong Ecology plans to invest in a seedling breeding base in Kyrgyzstan [4] Mergers and Acquisitions - Beixin Building Materials intends to acquire 100% equity of an overseas building materials company [4] - Chip Origin plans to purchase equity in Chip Lai Zhirong, with stock suspension starting tomorrow [4] - Kaifa Electric plans to acquire 80% equity of Ouli Power Network for 52 million yuan [4] Other Developments - Jinghe Integration plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Huahai Qingke plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange [4] - Fuhanwei plans to issue H-shares and list on the Hong Kong Stock Exchange [4]

格隆汇8月28日丨芯原股份(688521.SH)公布，公司正在筹划以发行股份及支付现金的方式购买芯来智融 半导体科技（上海）有限公司（以下简称"芯来智融"或"标的公司"）股权并募集配套资金。公司目前持 有芯来智融2.99%股权，通过本次交易拟取得芯来智融全部股权或控股权。经公司申请，公司股票自 2025年8月29日（星期五）开市起开始停牌，预计停牌时间不超过10个交易日。 ...

根据《上市公司重大资产重组管理办法》《上海证券交易所科创板股票上市规则》等相关规定，尚无法 确定本次交易是否构成重大资产重组。此外，因标的公司审计评估、交易金额、发行股份及支付现金比 例等内容暂未确定，尚无法确定本次交易是否构成关联交易。本次交易不会导致公司实际控制人发生变 更，不构成重组上市。 本次交易事项尚处于筹划阶段，初步确定的交易对方为胡振波、芯来共创(上海)管理咨询中心(有限合 伙)、芯来合创(上海)管理咨询中心(有限合伙)。公司已与标的公司主要股东胡振波、芯来共创(上海)管 理咨询中心(有限合伙)、芯来合创(上海)管理咨询中心(有限合伙)签署了《股权收购意向协议》，约定公 司通过发行股份及支付现金的方式购买其持有的标的公司股权。 因本次交易尚存在不确定性，为了保证公平信息披露、维护投资者利益，避免对公司股价造成重大影 响，根据上海证券交易所的相关规定，经公司申请，公司股票(证券简称：芯原股份，证券代码： 688521)自2025年8月29日(星期五)开市起开始停牌，预计停牌时间不超过10个交易日。 中国经济网北京8月28日讯芯原股份(688521.SH)今日披露公告称，公司正在筹划发行股份及支付现 ...