Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the military industry and new materials sector, particularly highlighting the shipbuilding and low-cost ammunition segments [1][2]. Core Insights and Arguments - **Shipbuilding Sector Performance**: Companies like China Shipbuilding, China Power, China Ship Defense, and China Heavy Industry reported significant profit increases in the first half of the year, with China Shipbuilding's net profit reaching between 2.8 billion to 3.1 billion yuan, a year-on-year growth of 98% to 119% [3]. - **Low-Cost Ammunition Sector**: The low-cost ammunition segment is experiencing high demand, with upstream, midstream, and downstream companies showing substantial profit growth. For instance, Beihua Co. reported a net profit of 98 million to 110 million yuan, a year-on-year increase of 182% to 220% [6]. - **Future Growth Drivers**: The military industry is expected to grow due to domestic smart battlefield needs, military trade demand, and broader military-related requirements, including low-altitude economy and commercial aerospace [7]. Additional Important Content - **Commercial Aerospace Developments**: The National Space Administration has initiated measures to enhance quality supervision of commercial aerospace projects, indicating a shift towards proactive governance in the industry [10][12]. - **Low Altitude Economy Initiatives**: Chengdu has established a future industry fund exceeding 100 billion yuan to support low-altitude economic development, including flying cars [13]. - **Additive Manufacturing Innovations**: Recent advancements in additive manufacturing technologies are expanding applications from metals to composites, with significant investments in core technology development [14]. - **Commercial Launch Services**: A recent tender for launch services worth 1.336 billion yuan indicates a growing role for private commercial rockets in the aerospace sector [9]. Conclusion - The military and aerospace industries are poised for growth driven by technological advancements and increasing domestic and international demand. The focus on quality management and innovation will be crucial for sustaining this growth trajectory.

AI and Market Trends - AI applications are entering a rapid growth phase, supported by mature infrastructure and decreasing costs of large model calls, enhancing commercial potential[3] - China possesses significant data reserves and a broad demand scale, providing a competitive advantage for AI development[3] Market Performance - The A-share market experienced a general rise, with the Shanghai Composite Index up by 1.67% and the Shenzhen Component Index up by 2.33% during the week[15] - Mid-cap indices such as the CSI 500 and CSI 1000 outperformed large-cap indices, with increases of 3.28% and 2.38% respectively[17] Dietary Supplements Industry - The global dietary supplement market is projected to reach $223 billion by 2026, driven by population growth and increasing health awareness[5] - HMB, a key nutrient for muscle health, is expected to see global production reach 3,572 tons by 2030, indicating strong market potential[5] Investment Recommendations - Recommended stocks include Toris (拓尔思), which has a robust open-source intelligence data resource, and Songlin Technology (松霖科技), focusing on health robots[3] - Other notable mentions are Rongxin Culture (荣信文化), which is expanding into AI+ education scenarios[3] Corporate Actions - This week, two companies listed on the A-share market, with C Shanda and C Jiyuan seeing first-day gains of 356% and 274% respectively[33] - There were six new public offerings announced, with an average discount rate of 18.9% and an average return of 40.7% on recent fundraising projects[34][40]

Core Viewpoint - The legal opinion letter confirms the legality of the convening, holding procedures, qualifications of the convenor and attendees, voting procedures, and results of the first extraordinary general meeting of Anhui Xindong Link Micro System Co., Ltd. in 2025 [2][3][6] Group 1: Meeting Procedures - The meeting was convened by the company's board of directors, with a public notice issued on July 10, 2025, detailing the time, location, and agenda [3][4] - The meeting was held on July 25, 2025, combining on-site and online voting methods [4][5] Group 2: Attendee Qualifications - The convenor of the meeting was the company's board of directors, meeting the legal and regulatory requirements [5][6] - A total of 112 participants represented 231,093,052 shares, accounting for 57.67% of the total voting shares [5] Group 3: Voting Procedures and Results - The meeting reviewed and voted on all agenda items as per the legal and regulatory requirements, with the election of independent directors receiving 99.8487% approval from the attending shareholders [5][6] - The voting results were verified and published, ensuring compliance with legal standards [6]

2025年第一次临时股东大会决议公告 证券代码：688582 证券简称：芯动联科 公告编号：2025-028 安徽芯动联科微系统股份有限公司 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 112 | | --- | --- | | 普通股股东人数 | 112 | | 2、出席会议的股东所持有的表决权数量 | 231,093,052 | | 普通股股东所持有表决权数量 | 231,093,052 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 57.6700 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 57.6700 | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次会议由董事会召集，由董事长陈丙根主持，以现场投票与网络投票相结 合的方式进行表决。会议的召集、召开与表决符合《公司法》及《公司章程》的 规定。 （五） 公司董事、监事和董事会秘书的出席情况 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于安徽芯动联科微系统股份有限公司 法律意见书 国枫律股字[2025]A0370 号 致：安徽芯动联科微系统股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席 并见证贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《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》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《安徽芯动联科微系统股份有限公司章程》（以下简 称"《公司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出 席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书 ...

Market Overview - On July 22, the Shanghai Composite Index rose by 0.62% to 3581 points, the Shenzhen Component Index increased by 0.84%, and the ChiNext Index gained 0.61% with over 2500 stocks rising in the market [1] - The hydropower concept stocks continued to surge, with companies like China National Building Material and China Railway Heavy Industry hitting the daily limit [1] Key Stocks - **Shangwei New Materials**: Achieved a 20% increase, marking its 10th consecutive limit-up, setting a record for A-shares [3][12] - **Liu Steel**: Experienced a 9.94% rise, marking its 6th consecutive limit-up [2] - **Beihua Co.**: Increased by 10.02%, supported by military and central enterprise backing [2] - **Yahua Group**: Rose by 9.99%, with significant trading volume and institutional selling pressure [8][11] Institutional Activity - The top net buying stocks included Fangda Special Steel with a net purchase of 1.63 billion yuan and Sai Li Medical with 8249.85 million yuan [20][21] - Conversely, the top net selling stocks were Hengbao Co. with a net sell of 2.99 billion yuan and Guoji Heavy Industry with 2.70 billion yuan [5][21] Sector Performance - The infrastructure sector, particularly steel and cement stocks, showed strong performance with multiple stocks hitting their daily limits [3] - The AI sector, represented by stocks like Zhiyuan AI, faced declines, contrasting with the gains in traditional sectors [1] Trading Dynamics - The trading volume for Shangwei New Materials reached 14 billion yuan with a turnover rate of 7.56% [12] - Yahua Group's trading volume was 27.25 billion yuan, with a turnover rate of 17.93% [8][9] Company Developments - **Yahua Group**: Noted for its leading position in the civil explosives industry and significant production capacity in lithium salt products, achieving a 63.40% year-on-year increase in sales [11] - **Shangwei New Materials**: Transitioning to new ownership under the core team of Zhiyuan Robotics, which is expected to enhance its market position [15]

证券代码：688582 证券简称：芯动联科 公告编号：2025-027 安徽芯动联科微系统股份有限公司 董事兼高级管理人员减持股份结果公告 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： 董事兼高级管理人员持股的基本情况 本次股份减持计划实施前，安徽芯动联科微系统股份有限公司（简称"公司"） 董事、总经理兼董事会秘书林明持有公司股份 4,800,000 股，占公司总股本的 1.1982%。 上述股份为公司首次公开发行股票并上市前取得的股份，已于 2024 年 7 月 1 日解除限售并上市流通。 减持计划的实施结果情况 公司于 2025 年 4 月 7 日在上海证券交易所网站（www.sse.com.cn）披露了 《安徽芯动联科微系统股份有限公司董监高减持股份计划公告》（公告编号： 2025-010）。公司董事、总经理兼董事会秘书林明基于自身资金需求，自减持计 划公告披露之日起 15 个交易日后的 3 个月内，根据市场情况拟通过集中竞价或 大宗交易的方式减持其所持有的公司股份，合计不超过 1,20 ...

证券简称：芯动联科 证券代码：688582 安徽芯动联科微系统股份有限公司 2025 年第一次临时股东大会 会议资料 中国 北京 二零二五年七月二十五日 | 股东大会会议须知 2 | | --- | | 股东大会会议议程 4 | | 议案一：《关于选举独立董事的议案》 6 | 安徽芯动联科微系统股份有限公司 2025 年第一次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东大会规则》和《股东大会议事规则》等相关规定，特制定股东大会须 知。 一、为保证本次大会的严肃性和正常秩序，切实维护与会股东（或股东代理 人）的合法权益，除出席会议的股东（或股东代理人）、公司董事、监事、高级 管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他无关人员进 入会场。 八、出席股东大会的股东及股东代理人，应当对提交表决的议案发表如下意 见之一：同意、反对或弃权。出席现场会议的股东及股东代表务必在表决票上签 署股东名称或姓名。未填、错填、字迹无法辨认的表决票、未投的表决票均视投 票人放弃表决权利，其 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [7] Core Insights - The semiconductor industry is experiencing robust growth driven by AIoT, industrial control, and automotive electronics, with significant revenue increases reported by key players such as Rockchip (H1 revenue up 64% YoY, net profit up 185%-195% YoY), Espressif (net profit up 65%-78% YoY), and Tailing Micro (net profit up 267% YoY) [2][13][18] - The storage sector is witnessing a recovery with Demingli reporting H1 revenue of 3.8-4.2 billion yuan, reflecting a YoY increase of 75%-93%, and a narrowing of losses in Q2, indicating a potential turning point for profitability [2][20][28] - Price forecasts for Q3 indicate a significant increase in DRAM prices, with expectations of a 15%-20% rise, and NAND Flash prices expected to increase by 5%-10%, driven by strong demand from AI investments and enterprise-level storage needs [3][14][29][30] Summary by Sections 1. Performance Forecasts - The design sector is seeing comprehensive growth, with companies like Rockchip and Espressif benefiting from AI demand and domestic substitution [2][18] - The equipment and materials sector is also on a steady upward trend, with domestic equipment manufacturers like Changchuan Technology and Yitang Co. benefiting from domestic substitution and successful customer expansion [2][19] 2. Storage Price Outlook - Q3 price forecasts for DRAM show a comprehensive increase, with Consumer DDR4 expected to rise by 40%-45% and Server DDR4 by 28%-33% [3][30] - NAND Flash prices are also expected to rise, with enterprise SSDs projected to increase by 5%-10% and 3D NAND wafers by 8%-13% [3][14][30] 3. Recommended Stocks - Key stock recommendations in the storage sector include Jiangbolong, which is expected to benefit from price increases and domestic substitution, with a projected revenue growth of 200% YoY by Q1 2025 [4][15] - Other recommended companies span various segments, including design (e.g., Rockchip, Espressif), equipment (e.g., Changchuan Technology), and materials (e.g., Dinglong Technology) [6][16]

Core Insights - 17 companies on the Sci-Tech Innovation Board have released their performance forecasts for the first half of the year, with 16 companies expecting profit increases and 1 company maintaining stable profits [1] - The overall proportion of companies expecting profit increases is 94.12% [1] - Among the companies forecasting profit increases, 8 companies anticipate a net profit growth exceeding 100%, while 4 companies expect growth between 50% and 100% [1] Company Performance - Guangda Special Materials is expected to have the highest net profit growth, with a median increase of 367.51% [2] - Shengnuo Bio and Tailin Microelectronics follow with expected net profit growths of 292.82% and 267.00%, respectively [2] - The industries with significant profit growth include electronics and biomedicine, with 8 and 2 companies, respectively, reporting net profit increases over 50% [1] Stock Performance - Sci-Tech Innovation Board stocks with high growth expectations have seen an average increase of 39.15% this year [1] - Shengnuo Bio has recorded the highest stock increase at 91.94%, followed by Guangda Special Materials and Tailin Microelectronics with increases of 78.69% and 48.32%, respectively [1] Fund Flow - In terms of fund flow, companies with significant profit growth, such as Ruile New Materials, Xindong Link, and Guangda Special Materials, have experienced notable net outflows of 323 million, 169 million, and 145 million yuan, respectively, over the past five days [1]