Core Points - A total of 44 stocks on the Sci-Tech Innovation Board (STAR Market) experienced block trading today, with a cumulative transaction amount of 6.92 billion yuan [2][3] Group 1: Trading Overview - On December 12, there were 105 block trades involving 44 Sci-Tech Innovation Board stocks, with a total trading volume of 15.35 million shares and a total transaction value of 6.92 billion yuan [2] - The stock with the highest transaction amount was Hu Silicon Industry, with a trading volume of 4.20 million shares and a transaction value of 87.19 million yuan [2][3] - Other notable stocks in terms of transaction value included Jintian Titanium Industry and Aojie Technology, with transaction amounts of 56.02 million yuan and 49.43 million yuan, respectively [2] Group 2: Price and Performance Analysis - The average discount rates for block trades relative to the closing prices were significant for several stocks, with Yutai Micro, Nanchip Technology, and Guoguang Electric having discount rates of 21.89%, 20.61%, and 19.02%, respectively [2] - The STAR 50 Index rose by 1.74% today, with 398 stocks (66.89%) on the Sci-Tech Innovation Board experiencing price increases [2] - The average increase for stocks involved in block trading was 3.25%, with the highest increases seen in Hehe Information, Shijia Photon, and Tuojing Technology, which rose by 13.80%, 11.45%, and 8.62%, respectively [2] Group 3: Institutional Participation - Among the block trades, there were 65 transactions involving institutional buyers or sellers across 37 stocks [3] - The leading institutional purchases were in Hu Silicon Industry, Aojie Technology, and Shengke Communication, with purchase amounts of 87.19 million yuan, 49.43 million yuan, and 40.47 million yuan, respectively [3] - Conversely, the top institutional sales were in Lanqi Technology, Zhongwei Company, and Haiguang Information, with sales amounts of 36.72 million yuan, 30.44 million yuan, and 24.19 million yuan, respectively [3] Group 4: Capital Flow - Among the stocks involved in block trading, 22 stocks saw net inflows of capital, with the highest net inflows in Shijia Photon, Aojie Technology, and Shengke Communication, amounting to 458 million yuan, 317 million yuan, and 278 million yuan, respectively [3] - The stocks with the largest net outflows included Hanwujing, Haiguang Information, and Lanqi Technology, with net outflows of 2.096 billion yuan, 893 million yuan, and 523 million yuan, respectively [3]

Core Insights - The National Big Fund concept stock rose by 2.81%, ranking 6th among concept sectors, with 41 stocks increasing in value, led by Yandong Microelectronics, Saiwei Electronics, and Zhongke Feicai, which rose by 16.84%, 11.52%, and 10.63% respectively [1][2] Group 1: Market Performance - The National Big Fund concept sector saw a net inflow of 767 million yuan, with 24 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflow [2] - The top net inflow stock was Shengke Communication, with a net inflow of 278 million yuan, followed by Jiangbolong, Zhongke International, and Changchuan Technology with net inflows of 246 million yuan, 215 million yuan, and 198 million yuan respectively [2][3] Group 2: Stock Performance - The stocks with the highest net inflow ratios included Shengke Communication at 20.59%, Jingrui Electric Materials at 6.43%, and Nanda Optoelectronics at 5.57% [3] - Notable performers in the National Big Fund concept included Shengke Communication (2.57% increase), Jiangbolong (2.53% increase), and Zhongke International (2.81% increase) [3][4] Group 3: Declining Stocks - The stocks with the largest declines included Huahong Company, which fell by 1.25%, Hushi Silicon Industry by 1.22%, and Xi'an Yicai by 0.93% [1][5] - Other notable declines were seen in Zhongwei Company (4.29% increase) and Hushi Silicon Industry (1.22% decrease) [5]

Core Points - The company held its first extraordinary general meeting of shareholders on December 4, 2025, where it approved the proposal to cancel the supervisory board and amend the Articles of Association [1] - The board of directors will consist of 9 members, including 1 employee representative director, following the structural adjustment [1] - SUN JIANYONG submitted his resignation on December 10, 2025, and was subsequently elected as the employee representative director [1][2] Board Changes - SUN JIANYONG's resignation does not reduce the board's membership below the legal minimum, ensuring the board's normal operation and daily business activities remain unaffected [1] - After his election as the employee representative director, the total number of directors who are also senior management or employee representatives does not exceed half of the total board members, complying with relevant laws and regulations [3] Shareholding Information - As of the announcement date, SUN JIANYONG does not directly hold shares in the company but indirectly holds 10.597932 million shares through various partnerships [2][5] - SUN JIANYONG has been involved with significant shareholders of the company since November 2004 and has no other relationships that would disqualify him from serving as a director [5]

（文章来源：证券日报） 证券日报网讯 12月11日晚间，盛科通信发布公告称，公司于2025年12月10日收到董事SUNJIANYONG 先生提交的书面辞职报告。同日，公司召开职工代表大会并作出决议，选举SUNJIANYONG先生为公 司第二届董事会职工代表董事。 ...

Core Viewpoint - Shengke Communication (688702.SH) announced the cancellation of the supervisory board and the revision of its articles of association, leading to a restructuring of the board of directors, which now consists of 9 members, including 1 employee representative director [1][3]. Group 1: Board Restructuring - The company held its first extraordinary general meeting on December 4, 2025, where the proposal to cancel the supervisory board was approved [1]. - Following the restructuring, director Sun Jianyong submitted his resignation as a non-independent director on December 10, 2025, but will continue to serve as the general manager and core technical personnel [3]. - The board's composition remains compliant with legal requirements, as the number of senior management and employee representative directors does not exceed half of the total board members [3]. Group 2: Director's Background - Sun Jianyong, born in September 1970 and holding American nationality, has a master's degree and a bachelor's degree from Tsinghua University [4]. - He has extensive experience in the technology sector, having worked at Fore Systems, Cisco, and Greenfield Networks before founding Shengke in 2005, where he has served as a director and general manager [4]. - Sun Jianyong holds indirect shares in the company through various management partnerships and does not have any disqualifying relationships with other board members or major shareholders [4].

证券代码：688702 证券简称：盛科通信 公告编号：2025-037 苏州盛科通信股份有限公司 关于董事辞职暨选举第二届董事会 职工代表董事的公告 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。 重要内容提示： (二) 离任对公司的影响 根据《中华人民共和国公司法》《苏州盛科通信股份有限公司章程》等有关 规定，SUN JIANYONG 先生的离任未导致公司董事会人数低于法定最低人数， 不会影响公司董事会的正常运行，亦不会对公司的日常运营产生不利影响。 截至本公告披露日，SUN JIANYONG 先生未直接持有公司股份，通过苏州 君脉企业管理合伙企业（有限合伙）、Centec Networks,Inc.、嘉兴涌弘壹号企业 管理合伙企业（有限合伙）、嘉兴涌弘贰号企业管理合伙企业（有限合伙）、嘉兴 涌弘叁号企业管理合伙企业（有限合伙）、嘉兴涌弘肆号企业管理合伙企业（有 限合伙）间接持有公司 1,059.7932 万股的公司股份，辞职后 SUN JIANYONG 先 生将继续遵守《上海证券交易所科创板股票上市规则》《上海证券交易 ...

Market Performance - The large fund concept sector increased by 2.74% on December 8, with Jiangbolong leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Stock Highlights - Jiangbolong (301308) closed at 273.00, up 14.64% with a trading volume of 252,100 shares and a transaction value of 6.541 billion [1] - Saiwei Electronics (300456) closed at 53.65, up 11.35% with a trading volume of 1,295,000 shares and a transaction value of 6.769 billion [1] - Baiwei Storage (688525) closed at 117.57, up 8.85% with a trading volume of 328,200 shares and a transaction value of 3.787 billion [1] - Other notable stocks include Shengke Communication (688702) up 7.19%, Huahong Semiconductor (688347) up 4.87%, and Guoxin Technology (688262) up 4.68% [1] Capital Flow - The large fund concept sector saw a net inflow of 2.329 billion from main funds, while retail investors experienced a net outflow of 1.053 billion [2] - The main funds' net inflow and retail investors' net outflow indicate a shift in investment dynamics within the sector [2] Individual Stock Capital Flow - Jiangbolong (301308) had a main fund net inflow of 288 million, while retail investors saw a net outflow of 136 million [3] - Saiwei Electronics (300456) experienced a main fund net inflow of 147 million, with retail investors facing a net outflow of 177 million [3] - Other stocks like Huahong Semiconductor (688347) and Zhongwei Company (688012) also showed significant capital flow patterns, indicating varied investor sentiment [3]

Core Insights - The electronic ETF (159997) and chip ETF Tianhong (159310) have shown strong performance, with significant inflows and notable increases in the underlying indices they track [1][2][3] Fund Performance - As of December 8, 2025, the electronic ETF (159997) recorded a transaction volume of 33.48 million yuan, with the underlying index rising by 2.52% [1] - The chip ETF Tianhong (159310) had a transaction volume of 10.41 million yuan, with its index increasing by 2.76% [2] - Over the past 20 trading days, the electronic ETF attracted a total of 29.41 million yuan, while the chip ETF attracted 12.28 million yuan [2] Sector Highlights - The electronic ETF focuses on the semiconductor and consumer electronics sectors, covering hot industries such as AI chips, automotive electronics, 5G, cloud computing, and printed circuit boards (PCB) [2] - The top ten weighted stocks in the electronic ETF include major players like Industrial Fulian, Haiguang Information, and Luxshare Precision [2] Industry Trends - In the first ten months of the year, China's smartphone production exceeded 1 billion units, with a slight year-on-year increase of 0.7% [6] - The integrated circuit production reached 386.6 billion units, marking a year-on-year growth of 10.2% [6] - The electronic information manufacturing industry achieved a revenue of 14 trillion yuan, up 8.3% year-on-year, and a total profit of 570 billion yuan, up 12.8% [6] Strategic Developments - China Telecom is accelerating the construction of computing power infrastructure and enhancing the adaptation of domestic computing power chips, focusing on AI applications [7] - The company aims to provide end-to-end services and promote green and low-carbon initiatives in its operations [7] Institutional Perspectives - Guojin Securities remains optimistic about AI-PCB and core computing hardware, as well as the Apple supply chain and self-controlled beneficiary industries, citing strong demand and growth potential [9]

Group 1 - The board of directors and all directors guarantee that the announcement content does not contain any false records, misleading statements, or major omissions, and they bear legal responsibility for the authenticity, accuracy, and completeness of its content [1] - The shareholders' meeting was held on December 4, 2025, at the company's conference room located at Jiangyun Road 258, Suzhou Industrial Park, Jiangsu Province [2] - All 9 current directors and 3 current supervisors attended the meeting, along with the board secretary and other senior management members [3] Group 2 - Several proposals were reviewed and approved during the meeting, including increasing the estimated amount of daily related transactions for 2025 and 2026, and the cancellation of the supervisory board [4][5] - The voting method for the meeting combined on-site and online voting, complying with relevant laws and regulations [2] - The legal firm Beijing Jindu Law Firm Shanghai Branch witnessed the meeting, confirming that the procedures for convening and holding the shareholders' meeting were in accordance with the law [5]

证券代码：688702 证券简称：盛科通信 公告编号：2025-036 苏州盛科通信股份有限公司 2025年第一次临时股东大会决议公告 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： 本次会议是否有被否决议案：无 （五） 公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 （一） 非累积投票议案 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 12 月 4 日 （二） 股东大会召开的地点：江苏省苏州市工业园区江韵路 258 号公司会议室 （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 | 90 | | --- | --- | | 普通股股东人数 | 90 | | 2、出席会议的股东所持有的表决权数量 | 326,187,104 | | 普通股股东所持有表决权数量 | 326,187,104 | | 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 | 79.5578 | | 例（%） | | ...