Group 1 - Hengxuan Technology's stock increased by 5.07%, reaching 255.48 CNY per share, with a trading volume of 938 million CNY and a turnover rate of 2.24%, resulting in a total market capitalization of 43.014 billion CNY [1] - Hengxuan Technology, established on June 8, 2015, and listed on December 16, 2020, specializes in the research, design, and sales of smart audio SoC chips, with 99.95% of its revenue coming from chip-related services [1] Group 2 - Huashan Fund's ETF, the Huashan SSE Sci-Tech Innovation Board Chip ETF (588290), increased its holdings in Hengxuan Technology by 21,900 shares in the second quarter, bringing the total to 178,300 shares, which constitutes 2.49% of the fund's net value, ranking it as the eighth largest holding [2] - The Huashan SSE Sci-Tech Innovation Board Chip ETF has a current scale of 2.487 billion CNY and has achieved a year-to-date return of 36.71%, ranking 754 out of 4222 in its category, with a one-year return of 128.06%, ranking 63 out of 3798 [2] Group 3 - The fund manager of the Huashan SSE Sci-Tech Innovation Board Chip ETF is Liu Xuanzai, who has been in the position for 4 years and 315 days, managing a total asset size of 6.311 billion CNY, with the best fund return during the tenure being 91.52% and the worst being -61.05% [3]

Group 1 - The core viewpoint indicates that the recent rebound in domestic computing power is not the end of the "domestic computing power" market, but rather a period of capital adjustment to prepare for a healthier next round of growth [1] - The next phase of the "domestic computing power" market is expected to be a large-scale market that can be fully participated in, with recent signs of "activation" emerging [1] - Active news and industry developments are noted, including expectations for GPU orders from major internet companies, which are fostering positive sentiment [1] Group 2 - Companies are actively advancing capital operations, with Cambrian receiving approval for a private placement from the CSRC, and Haiguang pushing forward with the acquisition of Shuguang while launching a broad equity incentive plan [1] - Significant actions from downstream internet companies are highlighted, such as Alibaba's launch of a comprehensive strategy, including the release of the high-parameter model QwenMaxPreview and ongoing efforts in the AI ecosystem [1] - The optimistic outlook for Alibaba's AI initiatives in the coming year is emphasized [1] Group 3 - As of September 11, 2025, the STAR Market Chip Index (000685) surged by 5.59%, with notable increases in component stocks such as Haiguang Information (688041) up 16.80% and Yuanjie Technology (688498) up 15.68% [2] - The STAR Market Chip ETF Index (588920) rose by 5.46%, reflecting the overall performance of representative semiconductor industry listed companies on the STAR Market [2] - The top ten weighted stocks in the STAR Market Chip Index account for 62.02% of the index, including companies like Cambrian (688256) and Haiguang Information (688041) [2]

Company Overview - Hengxuan Technology Co., Ltd. is located in Shanghai and was established on June 8, 2015. The company went public on December 16, 2020. Its main business involves the research, design, and sales of smart audio SoC chips [1] - The company's revenue composition is primarily from chip and related services, accounting for 99.95%, with other income contributing 0.05% [1] Financial Performance - As of June 30, 2025, Hengxuan Technology reported a revenue of 1.938 billion yuan, representing a year-on-year growth of 26.58%. The net profit attributable to shareholders was 305 million yuan, showing a significant increase of 106.45% year-on-year [2] - The company has distributed a total of 315 million yuan in dividends since its A-share listing, with 254 million yuan distributed over the past three years [3] Stock Market Activity - On September 11, Hengxuan Technology's stock price increased by 2.05%, reaching 248.13 yuan per share, with a trading volume of 454 million yuan and a turnover rate of 1.10%. The total market capitalization stood at 41.777 billion yuan [1] - Year-to-date, the stock price has risen by 7.08%, with a 1.99% increase over the last five trading days, a 6.94% increase over the last 20 days, and an 8.75% decline over the last 60 days [1] Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 12,400, up by 22.89%. The average number of circulating shares per shareholder decreased by 18.63% to 9,659 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest, holding 4.8491 million shares, a decrease of 953,400 shares from the previous period. New entrants include the Huaxia SSE STAR 50 ETF and the E Fund SSE STAR 50 ETF, holding 4.2824 million and 3.4778 million shares, respectively [3]

Group 1 - The core viewpoint of the article highlights the performance of the Kexin Chip 50 ETF (588750), which opened with a slight increase of 0.23% at 1.332 yuan [1] - The major holdings of the Kexin Chip 50 ETF include companies such as SMIC, Haiguang Information, and Cambrian, with varying performance; for instance, SMIC decreased by 1.24%, while Cambrian increased by 1.73% [1] - The Kexin Chip 50 ETF's performance benchmark is the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index, managed by Huatai-PineBridge Fund Management Co., Ltd., with a return of 33.47% since its establishment on December 18, 2024, and a return of 23.61% over the past month [1]

Group 1 - The core point of the article highlights the performance of the Kexin 50 Enhanced ETF (588460), which opened down 0.67% at 1.473 yuan on September 11 [1] - The major holdings of the Kexin 50 Enhanced ETF include companies like Haiguang Information, which rose by 0.60%, and SMIC, which fell by 1.24% [1] - The fund's performance benchmark is the Shanghai Stock Exchange Science and Technology Innovation Board 50 Index, managed by Penghua Fund Management Co., Ltd., with a return of 48.16% since its establishment on December 1, 2022, and a return of 21.79% over the past month [1] Group 2 - The article provides specific stock performance details of the ETF's holdings, including notable movements such as Cambrian's increase of 1.73% and Lanke Technology's decrease of 3.59% [1] - The fund manager is Su Junjie, indicating a specific leadership in the management of the ETF [1] - The article emphasizes the importance of monitoring market risks associated with investments, although it does not provide specific risk details [1]

Group 1 - The core point of the article highlights the performance of the Sci-Tech Chip ETF (588200), which opened with a slight decline of 0.45% at 1.981 yuan on September 11 [1] - The major holdings of the Sci-Tech Chip ETF include companies like SMIC, which fell by 1.24%, and Cambrian, which rose by 1.73% [1] - The ETF's performance benchmark is the Shanghai Stock Exchange Sci-Tech Board Chip Index, managed by Harvest Fund Management, with a return of 100.24% since its inception on September 30, 2022, and a monthly return of 23.55% [1]

Core Viewpoint - The announcement details the verification opinions and public disclosure regarding the 2025 Restricted Stock Incentive Plan of Hengxuan Technology (Shanghai) Co., Ltd, confirming that the proposed incentive objects meet all legal and regulatory requirements [1][4][6]. Disclosure Situation - The company disclosed the draft of the 2025 Restricted Stock Incentive Plan and its summary on the Shanghai Stock Exchange website on August 27, 2025 [1]. - From September 1 to September 10, 2025, the company publicly announced the names and positions of the proposed incentive objects internally for a period of 10 days, during which no objections were raised [2]. Verification Method by Supervisory Board - The supervisory board verified the list of proposed incentive objects, their identification documents, employment contracts with the company or its subsidiaries, and their positions held within the company or its subsidiaries [3]. Supervisory Board's Verification Opinion - The supervisory board confirmed that the individuals included in the incentive plan meet the qualifications stipulated by the Company Law and the company's articles of association [4]. - The proposed incentive objects do not fall under any disqualifying conditions as outlined in the management regulations, including not being recognized as inappropriate candidates by the stock exchange or the China Securities Regulatory Commission within the last 12 months [5]. - The individuals listed as incentive objects comply with the conditions set forth in the management regulations and the draft incentive plan, and do not include company supervisors or independent directors [6].

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 证券时报·数据宝统计显示，恒玄科技今日收盘价为243.15元，上涨0.33%，日换手率为1.80%，成交额 为7.41亿元，全天主力资金净流出1423.49万元，近5日该股累计下跌6.73%，近5日资金合计净流出1.48 亿元。 两融数据显示，该股最新融资余额为10.93亿元，近5日减少1838.59万元，降幅为1.65%。（数据宝） 9月10日恒玄科技大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 3.00 | 581.67 | 193.89 | -20.26 | 中信证券股份有限 | 中信建投证券股份有限公司上 | | | | | | 公司上海分公司 | 海市五莲路证券营业部 | 恒玄科技9月10日大宗交易平台出现一笔成交，成交量3.00万股，成交金额581.67万元，大宗交易成交 ...

Group 1 - On September 10, Hengxuan Technology executed a block trade of 30,000 shares, with a transaction amount of 5.8167 million yuan, accounting for 0.78% of the total transaction volume for the day [1] - The transaction price was 193.89 yuan, representing a discount of 20.26% compared to the market closing price of 243.15 yuan [1]

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