一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具体的持 续督导工作制定相应的工作计划 | 保荐机构已建立并有效执行 了持续督导制度，并制定了 | | | | 相应的工作计划 | | | | 保荐机构已与盛科通信签订 | | | 根据中国证监会相关规定，在持续督导工作开始前，与上 | 保荐协议，该协议明确了双 | | 2 | 市公司或相关当事人签署持续督导协议，明确双方在持续 | 方在持续督导期间的权利和 | | | 督导期间的权利义务，并报上海证券交易所备案 | 义务，并报上海证券交易所 | | | | 备案 | | | 通过日常沟通、定期回访、现场走访、尽职调查等方式开 | 保荐机构通过日常沟通、定 期或不定期回访等方式，了 | | 3 | | | | | 展持续督导工作 | 解盛科通信业务情况，对盛 | | | | 科通信开展持续督导工作 | | 4 | 持续督导期间，按照有关规定对上市公司违法违规事项公 | 在持续督导期间盛科通信未 发生按有关规定需保荐机构 | | | 开发表声明的，应于 ...

Core Viewpoint - The total margin balance of the STAR Market reached 235.878 billion yuan on September 11, showing an increase of 3.027 billion yuan from the previous trading day [1] Group 1: Margin Balance - The financing balance amounted to 235.076 billion yuan, increasing by 2.984 billion yuan compared to the previous trading day [1] - The margin trading balance reached 8.02 billion yuan, which is an increase of 0.43 billion yuan from the previous trading day [1] Group 2: Stock Performance - On September 11, 286 stocks in the STAR Market experienced net financing inflows, with 15 stocks having net inflows exceeding 50 million yuan [1] - Haiguang Information topped the list with a net financing inflow of 1.199 billion yuan, followed by stocks such as Cambrian, SMIC, Shijia Photon, Shengke Communication, Dingtong Technology, and Green Harmonics [1]

Core Viewpoint - On September 11, a total of 26 A-share listed companies disclosed their shareholding reduction plans, indicating a trend of insider selling in the market [1][2]. Group 1: Company Buybacks - Baicheng Pharmaceutical's controlling shareholder adjusted the upper limit of its buyback plan to no more than 80 yuan per share [2]. Group 2: Company Reductions - Notable companies with planned reductions include: - Zhenghai Magnetic Materials: Directors Gao Bo and Shi Bingqiang plan to reduce their holdings [2]. - Youkede: The actual controller intends to transfer 5.13% of the company's shares at 19.74 yuan per share [2]. - Xinjun Network: Shanghai Senxiao Investment Center reduced its holdings by 1.6271 million shares [2]. - Haige Communication: Shareholder Yang Haizhou plans to reduce holdings by up to 3.5 million shares [2]. - Mind Electronics: Shareholder New大陆 plans to reduce holdings by no more than 1.2% of the company's shares [2]. - Tuoer Si: Shareholder plans to reduce holdings by no more than 0.5% of the company's shares [2]. - Youfang Technology: Some directors and supervisors plan to reduce holdings by no more than 1.3185% of the company's shares [2]. - Juguang Technology: Shareholder Yan Suibin's reduction plan has been completed [2]. - Zhiyuan New Energy: Controlling shareholder's concerted actor Wang Ran plans to reduce holdings by no more than 3% of the company's shares [2]. - Huatai Medical: Vice Chairman Cheng Zhenghui reduced holdings by 2.8203 million shares between September 3 and September 11 [2]. - Shanhaishan: Shareholders Dajiankang and Director Ren Yingxiang plan to reduce holdings by up to 4.08% of the company's shares [2]. - Wanxun Control: Shareholder Zunwei Trading plans to reduce holdings by no more than 2.5 million shares [2]. - Maijie Technology: Shareholder Zhang Meirong plans to reduce holdings by no more than 1% of the company's shares [2]. - Yinghuate: Shareholder Xie Lichuang plans to reduce holdings by no more than 1% of the company's shares [2]. - Jinpu Garden: Shareholder plans to reduce holdings by no more than 4.58% of the company's shares [2]. - Wenzhou Hongfeng: Controlling shareholder Chen Xiao plans to reduce holdings by no more than 12.5 million shares [2]. - Futec Technology: Shareholder Changjiang Weilai Industrial Fund plans to reduce holdings by no more than 3% of the company's shares [2]. - Huahai Chengke: Shareholder Yang Senmao plans to reduce holdings by no more than 3% of the company's shares [2]. - Yizhiming: Actual controller and concerted actors plan to reduce holdings by no more than 7.27 million shares [2]. - Zhongke Environmental Protection: Shareholder plans to reduce holdings by 1.2% of the company's shares [2]. - Zhongwen Online: Shareholder plans to reduce holdings by no more than 2% of the company's shares [2]. - Bidetech: Director and Deputy General Manager He Ming plans to reduce holdings by no more than 0.0466% of the company's shares [2]. - Jihua Group: Director and Vice Chairman Yang Quanming plans to reduce holdings by no more than 0.3% of the company's shares [2]. - Shengke Communication: National Integrated Circuit Industry Investment Fund has reduced holdings by 4.1 million shares [2]. - Suqian Liansheng: Fangyuan Zhihui plans to reduce holdings by no more than 3% of the company's shares [2]. - Jifeng Co., Ltd.: Shareholder Yu Wanli plans to reduce holdings by no more than 2% of the company's total share capital [2].

Group 1 - China Shipbuilding has completed the share swap absorption merger with China Shipbuilding Industry Corporation, with 3.053 billion new shares listed on September 16, 2025 [1] - Transsion Holdings' shareholder plans to transfer 2% of the company's shares, amounting to approximately 22.807 million shares [1] Group 2 - Chipone Technology reported a record high in new orders from July 1 to September 11, 2025, totaling 1.205 billion yuan, with AI computing orders accounting for about 64% [2] - Chipone Technology's total order amount reached 3.025 billion yuan by the end of the second quarter of 2025, indicating a significant increase [2] Group 3 - Chipone Technology plans to acquire 97.0070% equity of Chipai Technology through a combination of share issuance and cash payment, with the stock resuming trading on September 12 [3] Group 4 - Xinjun Network received a notice of share reduction from its major shareholder, Shanghai Senxiao Investment Center, which reduced its holdings by 1.6271 million shares, bringing its ownership down to 5.29% [4] Group 5 - Yangjie Technology intends to acquire 100% equity of Better Electronics for 2.218 billion yuan, with a profit commitment of no less than 555 million yuan from 2025 to 2027 [5] Group 6 - Shoukai Co. announced that its subsidiary, Yingxin Company, indirectly holds approximately 0.3% equity in Yushu Technology, indicating a low ownership stake [6] Group 7 - Xiamen Airport reported a total passenger throughput of 2.707 million in August, representing a year-on-year increase of 5.18% [9] - *ST Tianshan experienced a significant decline in livestock sales revenue, down 95.80% year-on-year in August [9] Group 8 - Taihe Intelligent's shareholder plans to transfer 5.79% of the company's shares to Sunshine New Energy [9] - Jilin Expressway's subsidiary won a construction project worth 9.592 billion yuan [9] - Tianyong Intelligent secured a project with SAIC Group for engine assembly line renovation [9]

Group 1: Resumption of Trading - Chip Origin Co., Ltd. plans to acquire equity in Chip Lai Zhi Rong Semiconductor Technology and raise matching funds, with stock resuming trading on September 12; simultaneously, new orders amounting to 1.205 billion yuan were signed, representing a year-on-year increase of 85.88%, setting a historical high for new orders [1] Group 2: Equity Transfers, Increases, Buybacks, and Reductions - Sunshine New Energy acquired 5.79% of Taihe Intelligent's shares, increasing its holding to 22.90% [1] - Transsion Holdings' shareholders plan to transfer 2.00% of their shares through inquiry [2] - Daye Intelligent's actual controller intends to transfer 8% of shares to Zhongsheng Zhengying Management's fund at a price of 6.75 yuan per share [2] - China Railway Industry's shareholders holding over 5% are transferring shares internally among concerted actors [2] - Baicheng Pharmaceutical raised the upper limit for share buyback to 80 yuan [3] - Shanghai Yizhong's actual controller proposed a share buyback of 30 to 35 million yuan [3] - Shengke Communication's National Integrated Circuit Industry Investment Fund has reduced its holdings by 4.1 million shares [4] Group 3: Daily Operations and External Investments - China Shipbuilding completed a stock swap merger with China Shipbuilding Industry Corporation, with new shares listed on September 16 [4] - Yangmei Chemical's stock name will change to "Luhua Technology" on September 17, 2025 [4] - Haixia Environmental Protection plans to sign a photovoltaic microgrid energy management contract with related parties [5] - Anning Co., Ltd. intends to participate in the substantial merger and restructuring of Jingzhi Minerals and its related enterprises through a phased cash payment of 6.508 billion yuan [6] - Baiotai signed a licensing and commercialization agreement with Intas Pharmaceuticals Ltd. for BAT2506 (Golimumab) injection, receiving a milestone payment of 5.4 million USD [6] - Aike Technology plans to issue convertible bonds to raise no more than 310 million yuan for new intelligent equipment industrialization projects, technological upgrades for Fuyang intelligent cutting equipment production lines, and to supplement working capital [6] - Tianfu Communication will distribute 5 yuan for every 10 shares for the first half of 2025, with the share registration date on September 18 [7] - Shoukai Co., Ltd.'s subsidiary Yinxin Company indirectly holds approximately 0.3% of Yushu Technology's equity, indicating a very low holding ratio [7]

Group 1 - The core point of the article is that Shengke Communication (688702.SH) announced a reduction in shareholding by the National Integrated Circuit Industry Investment Fund Co., Ltd. from 17.00% to 16.00% [1] - The share reduction involved 4.1 million shares being sold through centralized bidding from August 26, 2025, to September 11, 2025 [1] - The change in equity ownership triggered a 1% threshold adjustment [1]

苏州盛科通信股份有限公司 证券代码：688702 证券简称：盛科通信 公告编号：2025-022 3.一致行动人信息 | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 17.00% | | | | 权益变动后合计比例 | 16.00% | | | | 本次变动是否违反已作出的承 | 是□ | 否☑ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | ☑其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 关于持股 5%以上股东权益变动触及 1%刻度的 提示性公告 股东国家集成电路产业投资基金股份有限公司保证向本公司提供的信息 真实、准确、完整，没有虚假记载、误导性陈 ...

Group 1 - The core point of the article is that Shengke Communication (688702.SH) announced a reduction in shareholding by the National Integrated Circuit Industry Investment Fund Co., Ltd. [1] - The reduction occurred between August 26, 2025, and September 11, 2025, with the fund selling 4.1 million shares [1] - Following the sale, the fund's shareholding percentage decreased from 17.00% to 16.00%, indicating a change that touches the 1% threshold [1]

Group 1 - The core viewpoint is that the 科创100ETF fund has shown significant growth, with a 3.63% increase and a total scale of 57.64 billion, making it the largest in its category [1][2] - Semiconductor stocks are experiencing a strong performance, driven by Oracle's announcement of a 359% year-on-year increase in unmet performance obligations, reaching 455 billion [1] - The ongoing global AI computing power competition is expected to drive demand in the semiconductor and consumer electronics sectors, with a focus on innovation and recovery in demand [1] Group 2 - The 科创100ETF fund closely tracks the 上证科创板100 index, which selects 100 securities from the Sci-Tech Innovation Board based on market capitalization and liquidity [2] - As of August 29, 2025, the top ten weighted stocks in the 上证科创板100 index account for 23.82% of the index, including companies like 东芯股份 and 华虹公司 [2]

Investment Rating - The report maintains an "Overweight" rating for the electronic industry [1] Core Viewpoints - The current strength of domestic computing power is not the end of the "domestic computing power" market, but rather a preparation for a healthier rise in the next round. Recent signs indicate a potential "start" [1] - Active developments in the industry include major internet companies placing GPU orders, which fosters positive sentiment [1] - Companies are actively pursuing capital operations, such as Cambricon's fundraising approval and Haiguang's acquisition of Shuguang [2] - Major moves by downstream internet companies, such as Alibaba's strategic partnerships and AI ecosystem developments, suggest optimistic expectations for AI in the coming year [1] Summary by Sections Industry Trends - The report highlights a significant upcoming market trend driven by AI, with companies like Cambricon and Haiguang expected to open new market spaces [2] - The perspective on AI chips is shifting, with new product launches indicating a fresh evaluation framework for existing chips [2] - The report notes a strong correlation between domestic and overseas markets, with positive demand for ASICs and significant orders contributing to company valuations [2] Investment Recommendations - The report recommends focusing on companies such as Cambricon, Haiguang Information, Chipone, and Shengke Communication for investment opportunities [2] - Specific company metrics include: - Cambricon: Market cap of 532.56 billion, projected EPS growth from -1.08 to 9.62 [7] - Haiguang Information: Market cap of 427.75 billion, projected EPS growth from 0.83 to 1.85 [7] - Chipone: Market cap of 80.43 billion, projected EPS growth from -1.14 to 0.39 [7] - Shengke Communication: Market cap of 43.36 billion, projected EPS growth from -0.17 to 0.08 [7]