Group 1 - The stock of Jingzhida (688627) closed at 134.05 yuan on September 12, reaching the daily limit with a trading volume of 9.51 billion yuan and a turnover rate of 10.43% [2] - The stock was listed on the daily trading list due to a price increase of 15% at the close [2] - The top five trading departments accounted for a total transaction amount of 2.35 billion yuan, with a net selling of 13.72 million yuan [2] Group 2 - The main capital inflow for the stock was 28.31 million yuan throughout the day [3] - The largest buying department was the Shanghai-Hong Kong Stock Connect, with a purchase amount of 48.59 million yuan [3] - The largest selling department was also the Shanghai-Hong Kong Stock Connect, with a selling amount of 32.64 million yuan [3]

Market Overview - On September 12, the A-share market experienced a pullback, with all three major indices closing lower [1] - The storage chip sector saw gains, with companies like Jingzhida and Demingli hitting the daily limit up, and others like Xiangneng Xinchuan and Kaipu Cloud rising over 10% [1] Company Developments - SanDisk plans to increase product prices by over 10% across all channels and consumer clients, following a previous price hike of 10% in April [1] - Kioxia announced a collaboration with NVIDIA to develop a new type of SSD that is nearly 100 times faster than traditional SSDs, aiming for direct connection and data exchange with GPUs [1]

Market Overview - The Shanghai Composite Index experienced a high and then retreated, while the ChiNext Index fell over 1%. The storage chip sector saw a significant rise, with companies like Jingzhida and Demingli hitting the daily limit. The non-ferrous metals sector also performed well, with Northern Copper and Shengda Resources reaching their limits. Real estate stocks saw intraday gains, with companies like Rongsheng Development and Huaxia Happiness hitting the daily limit. Conversely, financial stocks such as banks and brokerages declined, with Pudong Development Bank dropping over 3%. Overall, more than 3,300 stocks in the Shanghai, Shenzhen, and Beijing markets were in the red, with a total transaction volume of 2.55 trillion yuan [1]. Daily Highlights Flash Memory - The flash memory concept surged today, with Demingli and Jingzhida hitting the daily limit, and companies like Xiangnong Xinchuan and Zhaoyi Innovation also reaching their limits. Major US storage leaders like Micron and SanDisk saw significant gains overnight. SanDisk announced a 10% price increase for all channels and consumer products, with expectations of further price adjustments in the coming quarters. This price hike is attributed to a shift in supply-demand dynamics, with a potential widening supply gap [4][5]. - Demand for storage is being driven by AI applications and strong demand in data centers, client devices, and mobile sectors. On the supply side, the industry faces tightening conditions, with NAND producers shifting production to next-generation nodes, leading to a shortage of low-density chips. Some suppliers are also struggling to expand production due to financial difficulties. The establishment of Changjiang Storage's third phase project is seen as a significant step towards breaking the monopoly of Samsung and SK Hynix in the NAND market, which could enhance the growth of domestic semiconductor equipment and materials [6]. Non-Ferrous Metals - The non-ferrous metals sector saw a strong performance, with companies like Jushen Co. and Northern Copper hitting their limits. The market anticipates a 89% probability of a 25 basis point rate cut by the Federal Reserve in September, with expectations of a total of three rate cuts this year. This environment of liquidity easing is expected to benefit industrial metal prices [7][9][10]. - The domestic manufacturing PMI slightly improved to 49.4% in August, indicating a marginal recovery in economic activity. As the traditional peak season approaches, downstream processing enterprises are increasing their operating rates, while supply-side factors such as maintenance at smelting plants may lead to a decrease in production, potentially accelerating the destocking of industrial metals [9]. Film and Entertainment - The film and entertainment sector showed strength today, with companies like Jinyi Film and China Film hitting their limits. As of September 12, a total of 10 films have been scheduled for release during the 2025 National Day holiday, indicating a robust pipeline for the industry [11][12].

Group 1 - The storage chip sector in the A-share market experienced significant gains, with several companies reaching their daily limit up [1] - Notable performers included Jingzhida with a 20% increase, Shannong Xinchuan up over 17%, and Jiangbolong rising over 15% [1][2] - Other companies such as Tongyou Technology, Pulang Co., Beijing Junzheng, and Baiwei Storage also saw substantial increases, ranging from 10% to 13% [1][2] Group 2 - The total market capitalization of Jingzhida is 12.6 billion, with a year-to-date increase of 84.54% [2] - Shannong Xinchuan has a market cap of 35.1 billion and a year-to-date increase of 166.48% [2] - Jiangbolong's market cap stands at 47.1 billion, with a year-to-date increase of 30.62% [2]

Core Viewpoint - The company is focused on continuous technological innovation and intellectual property development in the semiconductor testing and inspection field, emphasizing the importance of protecting research and development achievements [1] Group 1: Technological Innovation - The company has applied for a patent related to a "sparse self-coding model training method, device, equipment, and medium," although it has not yet been authorized [1] - The company closely monitors the development of AI technology, viewing it as a crucial direction for the intelligent upgrade of semiconductor testing and inspection equipment [1] Group 2: Intellectual Property and R&D - The examination results of the specific patent application do not affect the company's other technological accumulations and patent layouts in this field [1] - The company currently holds multiple authorized patents and technological achievements, which provide strong support for product competitiveness [1] Group 3: Future Strategy - The company plans to continue its layout around AI-driven high computing power, high storage, and deep human-machine interaction-related demands [1] - The goal is to build a service platform that covers all sites of semiconductor testing and inspection equipment [1]

深圳精智达技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 证券代码：688627 证券简称：精智达 公告编号：2025-069 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： 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 9 月 19 日（星期五）14:00-15:00 投资者可于 2025 年 9 月 12 日（星期五）至 9 月 18 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 jzd@seichitech.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 深圳精智达技术股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日 发布公司《2025 年半年度报告》及其摘要，为便于广大投资者更全面深入地了 解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 19 日（星 期五）14:00-15:00 举行 2025 ...

Core Viewpoint - The company is focused on continuous technological innovation and intellectual property development in the semiconductor testing and inspection field, emphasizing the importance of protecting research and development achievements [1] Group 1: Technological Innovation - The company has applied for a patent related to a "sparse autoencoder model training method, device, equipment, and medium," although it has not yet been authorized [1] - The company closely monitors the development of AI technology, viewing it as a key direction for the intelligent upgrade of semiconductor testing and inspection equipment [1] Group 2: Intellectual Property and R&D - The examination results of the specific patent application do not affect the company's other technological accumulations and patent layouts in this field [1] - The company currently holds multiple authorized patents and technological achievements, which provide strong support for product competitiveness [1] Group 3: Future Development Plans - The company plans to continue its layout around AI-driven high computing power, high storage, and deep human-machine interaction-related demands [1] - The goal is to build a service platform that covers all sites of semiconductor testing and inspection equipment [1]

证券代码：688627 证券简称：精智达 公告编号：2025-068 深圳精智达技术股份有限公司 2025 年员工持股计划第一次持有人会议决议公告 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。 一、持有人会议召开情况 深圳精智达技术股份有限公司（以下简称"公司"）2025 年员工持股计划第 一次持有人会议于 2025 年 9 月 5 日以现场结合通讯方式召开。会议由公司董事 会秘书彭娟女士主持，会议应出席持有人 40 人，实际出席 40 人，代表公司员工 持股计划份额 50,787,720 份，占公司 2025 年员工持股计划（以下简称"员工持股 计划"或"持股计划"或"本持股计划"）首次授予总份额的 100.00%。本次会 议的召集、召开和表决程序符合公司 2025 年员工持股计划的有关规定。 二、持有人会议审议情况 （一）审议通过《关于设立公司 2025 年员工持股计划管理委员会的议案》 为保证 2025 年员工持股计划的顺利进行，保障持有人的合法权益，根据《深 圳精智达技术股份有限公司 2025 年员工持股计划管理 ...

Group 1 - The core viewpoint of the news is the performance and financial metrics of Shenzhen Jingzhida Technology Co., Ltd., which saw a stock price increase of 5.29% to 111.87 CNY per share, with a total market capitalization of 10.517 billion CNY [1] - The company specializes in the research, production, and sales of new display device testing equipment, with its main revenue sources being optical detection and calibration systems (52.16%), semiconductor memory device testing (31.06%), aging systems (10.51%), signal generators (4.17%), touch detection systems (1.36%), testing system accessories (0.64%), and other (0.11%) [1] - The company was established on May 31, 2011, and went public on July 18, 2023 [1] Group 2 - From the perspective of fund holdings, the Chuangjin Hexin Fund has a significant position in Jingzhida, with its fund "Chuangjin Hexin Specialized and New Stocks Initiation A" (014736) holding 162,300 shares, accounting for 4.85% of the fund's net value [2] - The fund has seen a year-to-date return of 31.32% and a one-year return of 94.91%, ranking 1100 out of 4223 and 282 out of 3796 respectively in its category [2] - The fund manager, Wang Xianwei, has been in position for 4 years and 196 days, with the best fund return during his tenure being 46.01% [3]

Investment Rating - The report maintains a "Recommended" rating for the company [2][7]. Core Insights - The company has shown impressive growth in the semiconductor testing sector, with a revenue increase of 22.68% year-on-year, reaching 444 million yuan in the first half of 2025. However, the net profit attributable to shareholders decreased by 19.94% to 30.59 million yuan due to increased salary expenses [3][4]. - The semiconductor testing equipment segment experienced significant growth, with revenue soaring by 376.52% to 313 million yuan, driven by strong demand in the global storage and AI sectors [4][5]. - The company has secured major orders exceeding 300 million yuan, marking a validation of its testing machine systems in the market [4][5]. - R&D expenditures reached 60.99 million yuan, accounting for 13.75% of revenue, reflecting the company's commitment to innovation [4][5]. Summary by Sections Financial Performance - In Q2 2025, the company achieved revenue of 292 million yuan, a year-on-year increase of 4.65%, while net profit was 47 million yuan, down 11.1% [4]. - The gross margin for Q2 was 40.40%, showing a 12.69 percentage point increase quarter-on-quarter but a 2.81 percentage point decrease year-on-year [4]. Business Segments - The new display detection equipment segment has seen a notable increase in gross margin, with significant orders in the G8.6 AMOLED production line [4][5]. - The company is actively collaborating with leading manufacturers in the Micro LED and Micro OLED sectors, with demand for detection equipment growing in tandem with performance [4][5]. R&D and Innovation - The company has made substantial progress in R&D, with several projects yielding orders, including a high-resolution imaging colorimeter and advanced packaging MEMS probe cards [4][5]. - The company is focusing on enhancing its testing and packaging solutions, with a total investment of nearly 300 million yuan in advanced packaging equipment [5][7]. Future Outlook - The company is projected to achieve earnings per share (EPS) of 1.92 yuan, 2.88 yuan, and 3.80 yuan for 2025, 2026, and 2027, respectively, indicating a strong growth trajectory [7][11].