Core Insights - The largest general aviation ETF (159378) is active, with constituent stocks such as Les Information (688631) and Weihai Guangtai (002111) rising over 6% [1] - The Ministry of Industry and Information Technology, along with other government bodies, has issued a plan to enhance the adaptability of supply and demand for consumer goods, promoting low-altitude tourism, aviation sports, private flights, and consumer drones [3] - The 2025 Asia General Aviation Exhibition opened on November 27 in Zhuhai, featuring 381 companies from 22 countries and regions [3] - The general aviation industry is identified as a key area of new productive forces, with a projected industry scale of 3.5 trillion yuan by 2035, driven by policy support, technological breakthroughs, and expanding application scenarios [3] - The general aviation ETF (159206) focuses on low-altitude economy and drones, benefiting from the rapid development of integrated air-space-ground systems [3] Industry Summary - The general aviation ETF (159378) is the first and largest of its kind in the market, tracking the national general aviation industry index [4] - The establishment date of the general aviation ETF (159378) is January 2, 2025, which is earlier than similar products [4]

Core Viewpoint - The company, Anhui Xindong Link Micro System Co., Ltd., will hold a Q3 2025 earnings presentation on December 5, 2025, to discuss its operational results and financial status with investors [2][3]. Group 1: Meeting Details - The earnings presentation is scheduled for December 5, 2025, from 16:00 to 17:00 [4]. - The location of the meeting is the Shanghai Stock Exchange Roadshow Center, accessible online [4]. - The meeting will be conducted in an interactive online format, allowing for real-time communication with investors [3][4]. Group 2: Participation Information - Investors can participate in the meeting by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [4]. - A pre-question submission period is available from November 28, 2025, to December 4, 2025, allowing investors to submit questions via the website or email [4][5]. - The company will address commonly asked questions during the earnings presentation [3][5]. Group 3: Contact Information - The contact department for inquiries is the Board Office, reachable at phone number 010-83030086 and email ir@numems.com [5].

证券代码：688582 证券简称：芯动联科 公告编号：2025-058 安徽芯动联科微系统股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 二、说明会召开的时间、地点 （一）会议召开时间：2025年12月5日（星期五）下午 16:00-17:00 投资者可于2025年11月28日（星期五）至2025年12月4日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@numems.com进行提问。公司将在业绩说明会上对投资者普遍关注的问题进行回 答。 安徽芯动联科微系统股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日发布公司《2025 年第三季度报告》，为便于广大投资者更全面深入地了解公 司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 12 月 5 日（星期五） 下午 16:0 ...

Group 1 - The core transaction on November 25 involved a block trade of 50,000 shares of ChipMotion Technology, with a transaction value of 2.794 million yuan and a transaction price of 55.88 yuan, reflecting a discount of 2.50% compared to the closing price of the day [2][3] - Over the past three months, ChipMotion Technology has recorded a total of five block trades, amounting to a cumulative transaction value of 16.2816 million yuan [2] - The closing price of ChipMotion Technology on the day of the report was 57.31 yuan, showing an increase of 1.87%, with a daily turnover rate of 2.09% and a total transaction volume of 301 million yuan [2] Group 2 - The latest margin financing balance for ChipMotion Technology stands at 859 million yuan, with an increase of 6.5305 million yuan over the past five days, representing a growth rate of 0.77% [3] - The net inflow of main funds for ChipMotion Technology on the reporting day was 12.9855 million yuan, while the stock has seen a cumulative decline of 0.90% over the past five days, with a total net outflow of funds amounting to 87.2171 million yuan [2]

Core Viewpoint - A significant block trade occurred for Xindong Lianke on November 24, with a transaction volume of 50,000 shares and a total transaction value of 2.7425 million yuan, reflecting a discount of 2.51% compared to the closing price of the day [2] Group 1: Block Trade Details - The block trade price was 54.85 yuan per share, while the closing price for the day was 56.26 yuan [2] - The buyer was Dongxing Securities Co., Ltd., Chengdu Dujiangyan Yingshi Road Securities Business Department, and the seller was Guotai Junan Securities Co., Ltd., Shanghai Huangpu District Hefei Road Securities Business Department [2] - In the last three months, Xindong Lianke has recorded a total of four block trades, amounting to 13.4876 million yuan [2] Group 2: Stock Performance - On the day of the block trade, Xindong Lianke's stock closed at 56.26 yuan, marking an increase of 4.11% [2] - The stock had a turnover rate of 2.35%, with a total trading volume of 327 million yuan and a net inflow of main funds amounting to 21.1364 million yuan [2] - Over the past five days, the stock has decreased by 3.08%, with a total net outflow of funds reaching 102 million yuan [2] Group 3: Margin Financing Data - The latest margin financing balance for Xindong Lianke is 829 million yuan, which has decreased by 24.7394 million yuan over the past five days, representing a decline of 2.90% [2]

Summary of Key Points Core Viewpoint - On November 24, a total of 12 stocks from the STAR Market experienced block trades, with a cumulative transaction amount of 323 million yuan, indicating active trading in the sector [1]. Group 1: Trading Activity - A total of 63 block trades were recorded, with a cumulative trading volume of 7.0263 million shares [1]. - The stock with the highest transaction amount was Zhuoyi Information, which had 29 block trades totaling 91.953 million yuan [1]. - Other notable stocks in terms of transaction amounts included Aojie Technology and Weixin Bio, with block trade amounts of 82.502 million yuan and 44.467 million yuan, respectively [1]. Group 2: Price and Discount Analysis - All stocks involved in block trades were executed at a discount, with the highest discount rates observed in Zhongchuang Co., Juguang Technology, and Dameng Data, with discount rates of 22.91%, 22.54%, and 22.32% respectively [1]. - The average increase for the STAR Market stocks involved in block trades was 3.96%, with Zhuoyi Information leading with a rise of 12.93% [1]. Group 3: Institutional Participation - Among the block trades, 24 transactions involved institutional buyers or sellers, with the highest buying amounts in Aojie Technology, Zhuoyi Information, and Dekeli, amounting to 60.0943 million yuan, 46.6515 million yuan, and 10.3032 million yuan respectively [2]. - Net inflows of capital were observed in four stocks, with the highest net inflow in Xibu Superconductor, Aojie Technology, and Xindong Lianke, totaling 39.3811 million yuan, 27.6447 million yuan, and 21.1364 million yuan respectively [2].

Emission Standards and Market Opportunities - The upcoming National 7 (国七) emission standards are expected to be the strictest environmental regulations in history, aiming for a significant reduction in pollutants and greenhouse gas emissions[3] - The National 7 standards may be released in 2027 and implemented in 2029, with significant changes for light-duty vehicles and relatively minor changes for heavy-duty vehicles[3] - The value of the exhaust after-treatment system per vehicle is projected to increase by approximately 50% compared to the National 6 (国六) standards, with catalysts, packaging, and electronic control systems accounting for over 80% of this value[4] Market Size and Growth Projections - The overall market size for exhaust after-treatment systems is expected to exceed 100 billion yuan, driven by the new standards[4] - By 2029, the market for commercial vehicles is projected to reach 610.73 thousand units, while hybrid vehicle sales are expected to grow to 721.43 thousand units[22] - The estimated market scale gain from the implementation of the National 7 standards is projected to be 1.27 billion yuan by 2029[22] Beneficiary Companies - Aikelan (艾可蓝) is positioned to benefit from the National 7 standards due to its core technologies in exhaust after-treatment products and ongoing research and development efforts[5] - Zhongzi Technology (中自科技) specializes in exhaust purification catalysts for various internal combustion engines, making it another potential beneficiary of the new standards[5] Market Performance and Trends - This week, the A-share market experienced a general decline, with small-cap indices underperforming compared to large-cap indices[6] - The total trading volume in the A-share market was 6.64 billion shares, with a total transaction value of 932.52 billion yuan, reflecting a decrease in liquidity compared to the previous week[31]

Group 1 - The core point of the article highlights a significant block trade involving ChipMotion Technology on November 21, with a transaction volume of 50,000 shares and a transaction value of 2.6345 million yuan, executed at a price of 52.69 yuan, which represents a 2.50% discount compared to the closing price of the day [2] - The buyer of the block trade was Dongxing Securities Co., Ltd., while the seller was Guotai Junan Securities Co., Ltd. [2] - Over the past three months, ChipMotion Technology has recorded a total of three block trades, amounting to a cumulative transaction value of 10.7451 million yuan [2] Group 2 - On the same day, ChipMotion Technology's closing price was 54.04 yuan, reflecting a decline of 3.52%, with a daily turnover rate of 2.24% and a total transaction amount of 307 million yuan [2] - The net outflow of main funds for the day was 59.2814 million yuan, and over the past five days, the stock has seen a cumulative decline of 6.84% with a total net outflow of 135 million yuan [2] - The latest margin financing balance for the stock is 861 million yuan, with an increase of 1.1029 million yuan over the past five days, representing a growth rate of 0.13% [2]

Group 1 - The stock of Xindong Link Technology (芯动联科) closed down by 3.52% on November 21, with a closing price of 54.04 yuan [1] - A block trade occurred with a total volume of 50,000 shares and a transaction amount of 2.6345 million yuan, with a transaction price of 52.69 yuan per share, reflecting a premium rate of -2.50% [1] - The buyer was Dongxing Securities Co., Ltd., and the seller was Guotai Junan Securities Co., Ltd. [1] Group 2 - In the last three months, the stock has recorded three block trades with a total transaction amount of 10.7451 million yuan [1] - Over the past five trading days, the stock has declined by 6.84%, with a total net outflow of 140 million yuan from main funds [1]

Core Insights - The article reports a block trade of 50,000 shares of Xindong Lianke on November 21, with a transaction value of 2.6345 million yuan, representing 0.85% of the total trading volume for the day. The transaction price was 52.69 yuan, which is a 2.5% discount compared to the market closing price of 54.04 yuan [1][2]. Group 1 - A block trade of 50,000 shares was executed for Xindong Lianke [1] - The total transaction amount was 2.6345 million yuan [1] - The transaction price was 52.69 yuan, reflecting a 2.5% discount from the closing price [1]