Macro Dynamics - The State Council issued measures to guide private capital's orderly participation in low-altitude economy infrastructure construction, optimizing satellite communication business access policies and supporting capable private enterprises in major national technology tasks [2] Pharmaceutical Innovations - Shanghai Hepu Pharmaceutical's innovative hepatitis B drug Hepulapta achieved breakthrough results in a Phase II clinical trial, showing the ability to reverse drug resistance in chronic hepatitis B patients and achieve sterilizing cure [3] Automotive Market - In October, the retail sales of new energy passenger vehicles reached 1.282 million units, a year-on-year increase of 7.3%, while the cumulative sales from January to October reached 10.151 million units, growing by 21.9% [4][5] Oil Price Adjustments - Domestic gasoline and diesel prices will increase by 125 and 120 yuan per ton respectively starting from November 10, with an average increase of 0.10 yuan per liter for 92, 95 gasoline, and 0 diesel [6] Monetary Policy - The Bank of Japan's October meeting minutes suggest a possible interest rate hike in December, aligning with market expectations for an increase in borrowing costs by early next year [7] Financial Institutions - Zhejiang Securities announced the retirement of Chairman Wu Chenggen and the appointment of Qian Wenhai as the new chairman and president [9] Market Data - The Shanghai Composite Index rose by 0.53% on November 10, with significant gains in the consumer goods sector, particularly in food and beverage stocks [11] - The total margin financing balance decreased by 50.19 billion yuan as of November 7, with the Shanghai Stock Exchange reporting a balance of 12,567.49 billion yuan [12] Company Developments - Purun Co. announced a share transfer at 106.66 yuan per share, which is a 38% discount compared to the closing price [14] - Zhongji Xuchuang plans to issue H-shares and list on the Hong Kong Stock Exchange [15] - Mindray Medical submitted an application for H-share listing on the Hong Kong Stock Exchange [16] - Shandong Gold's subsidiary needs to pay 738 million yuan in taxes, which is expected to impact the company's net profit for 2025 by 230 million yuan [17] - Lingzhi Software plans to acquire 100% of Kaimiride's equity, with stock resuming trading on November 11 [18] - *ST Yuancheng's stock will be suspended from trading due to falling below the mandatory delisting threshold [19]

Major Events - Wenta Technology completed the transfer of certain assets, with outstanding payments of 70 million yuan and 161 million yuan for Indian assets [1] - Chaoying Electronics plans to invest approximately 1.468 billion yuan in an AI computing power PCB expansion project in Thailand [1] - Lingzhi Software is planning to acquire 100% equity of Kaimiride through a combination of cash and stock issuance, with the stock resuming trading on November 11, 2025 [2] - Shannon Chip Innovation reported no significant changes in its main business despite recent market reports of rising storage chip prices [3] - Purun Co. announced a share transfer at a price of 106.66 yuan per share, which is a 38% discount compared to the closing price [4] - Ningbo Construction intends to acquire 100% equity of Ningbo Transportation Engineering through a share issuance [5] - Maiwei Biotech received approval for a Phase II clinical trial of its 9MW3811 injection for pathological scars [6] Performance Overview - Shandong Gold's subsidiary needs to pay 738 million yuan in taxes, which is expected to impact the company's net profit by 230 million yuan in 2025 [7] - Xiantan Co. reported chicken product revenue of 503 million yuan in October, a year-on-year increase of 9.3% [8] - Luoniushan reported a 24.65% year-on-year increase in pig sales revenue in October, totaling 116 million yuan [9] - Huanxu Electronics experienced an 8.93% year-on-year decrease in consolidated revenue for October [10] - Dekang Agriculture reported an average selling price of 11.54 yuan per kilogram for pigs in October, down 11.44% from September [11] Shareholding Changes - Dongfang Ocean's major shareholder reduced its stake by 1% of the total share capital [12] - Tietuo Machinery's major shareholder plans to reduce its stake by up to 1.14% [13] - Haibo Heavy Industry announced a plan to reduce its stake by up to 0.99% [14] - Lante Optics' director plans to reduce up to 2% of the company's shares [15] - Beijing Aviation Materials' chairman proposed a share buyback of 50 million to 100 million yuan [15] Major Contracts - Zhongbei Communication signed a 1 billion yuan comprehensive service framework agreement with Hongxin Electronics [16] - Sichuan Chengyu's subsidiary signed multiple engineering contracts totaling approximately 178.94 billion yuan [16] - Digital Government won a bid for a smart water project worth 109 million yuan [17] - State Grid Information announced that its subsidiaries won bids totaling 1.318 billion yuan [18]

Core Points - The company, Purun Co., Ltd. (688766.SH), announced that its shareholder, Shanghai Zhixi Enterprise Management Consulting Partnership (Limited Partnership), is transferring and reducing its holdings by 5.5832 million shares, which accounts for 3.77% of the company's total share capital [1] - The transfer price for the shares is set at 106.66 CNY per share [1] - Following this equity change, the shareholding ratio of the actual controllers, Wang Nan and Li Zhaogui, will decrease from 41.97% to 38.19% [1]

Core Viewpoint - Shanghai Zhixi Enterprise Management Consulting Partnership (Limited Partnership) has reduced its stake in Purun Co., Ltd. (688766.SH) by transferring 5.5832 million shares, representing 3.77% of the company's total share capital, at a price of 106.66 CNY per share [1] Shareholding Changes - After the transfer, the shareholding percentage of the actual controllers Wang Nan and Li Zhaogui, through Shanghai Zhixi, decreased from 41.97% to 38.19% [1]

普冉半导体（上海）股份有限公司 股票简称：普冉股份 股票代码：688766 信息披露义务人 1：王楠 住所及通讯地址：上海市徐汇区****** 信息披露义务人 2：上海志颀企业管理咨询合伙企业（有限合伙） 住所及通讯地址：上海市崇明区横沙乡富民支路 58 号 D2-2065 室（上海横泰 经济开发区） 信息披露义务人 3：李兆桂 简式权益变动报告书 上市公司名称：普冉半导体（上海）股份有限公司 股票上市地点：上海证券交易所 住所及通讯地址：上海市浦东新区****** 股份变动性质：股份减少（询价转让） 日期：2025 年 11 月 10 日 1 声 明 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第15 号—— 权益变动报告书》及相关法律、法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反信 息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本报告书 已全面披露了信息披露义务人在普冉半导体（上海）股份有限公司中 ...

证券代码：688766 证券简称：普冉股份 公告编号：2025-75 本次权益变动为股份减持。本次转让不会导致公司控股股东、实际控制 人发生变化。 本次权益变动后， 王楠及其一致行动人持有公司股份比例由41.97%减少 至38.19%，持有公司权益比例变动触及 5%和 1%的整数倍。 一、转让方情况 （一）转让方基本情况 普冉半导体（上海）股份有限公司 股东询价转让结果报告书暨持股 5%以上股东权益变动 触及 5%整数倍的提示性公告 上海志颀企业管理咨询合伙企业（有限合伙）（以下简称"转让方"）、王楠、 李兆桂（以下合称"王楠及其一致行动人"）保证向普冉半导体（上海）股份有限 公司（以下简称"普冉股份"或"公司"）提供的信息内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。本公司 及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示: 本次询价转让的价格为106.66元/股，转让的股票数量为5,583,173股。 上海志颀企业管理咨询合伙企业（有限合伙）参与本次询价转让。 普冉股份的实际控制人王楠先生和李兆桂先生通过上海志颀企业管理咨 询合伙 ...

中信证券股份有限公司 关于普冉半导体（上海）股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 中信证券股份有限公司（以下简称"中信证券"或"组织券商"）受委托担任上海 志颀企业管理咨询合伙企业（有限合伙）（以下简称"转让方"）以向特定机构投资者 询价转让（以下简称"询价转让"）方式减持所持有的普冉半导体（上海）股份有限公 司（以下简称"公司"或"普冉股份"）首次公开发行前已发行股份的组织券商。 经核查，中信证券就本次询价转让的股东、受让方是否符合《上海证券交易所科创 板上市公司自律监管指引第 4 号——询价转让和配售（2025 年 3 月修订）》（以下简 称"《询价转让和配售指引》"）要求，本次询价转让的询价、转让过程与结果是否公 平、公正，是否符合《询价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让转让方 | 转让股东名称 | 转让股份数量（股） | 占总股本比例 | 占所持股份比例 | 转让股份来源 | | --- | --- | --- | --- | --- | | 上海志颀企业管理咨询合 | 5,583,173 | 3.77% | 20. ...

Core Viewpoint - Shanghai Zhixi Enterprise Management Consulting Partnership (Limited Partnership) reduced its stake in Purun Co., Ltd. (688766.SH) by transferring 5,583,173 shares, representing 3.77% of the company's total share capital at a price of 106.66 CNY per share [1] Summary by Relevant Sections - **Shareholder Actions** - The shareholder Shanghai Zhixi transferred 5,583,173 shares, accounting for 3.77% of the total share capital [1] - The transfer price was set at 106.66 CNY per share [1] - **Ownership Changes** - Following this transaction, the ownership percentage of Wang Nan and his concerted parties decreased from 41.97% to 38.19% [1] - Wang Nan and Li Zhaogui, the actual controllers of the company, did not participate in this share transfer [1]

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 31.427 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 5.743 billion yuan [1] - A total of 248 stocks saw net inflows, while 343 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 332 stocks rose, with four stocks hitting the daily limit up, including Fangyuan Co. and Jindike [1] - The top three stocks with the highest net inflows were: - Purun Co. with a net inflow of 214 million yuan - Shengkong Co. with 171 million yuan - Trina Solar with 150 million yuan [1] Continuous Fund Flow Analysis - There are 60 stocks that have seen continuous net inflows for more than three trading days, with Zhonggang Luoni leading at 13 consecutive days of inflow [2] - Conversely, 125 stocks have experienced continuous net outflows, with Bayi Space leading at 14 consecutive days of outflow [2] Top Net Inflow Stocks - The top stocks by net inflow include: - Purun Co. with 21.363 million yuan and a 13.47% increase - Shengkong Co. with 17.116 million yuan and a 20% increase - Trina Solar with 15.042 million yuan and a 0.09% increase [2][3] Top Net Outflow Stocks - The stocks with the highest net outflows include: - SMIC with a net outflow of 699 million yuan and a 1.72% decrease - Guodun Quantum with 543 million yuan outflow - Lanqi Technology with 499 million yuan outflow [1]

Market Overview - The semiconductor sector experienced a slight decline of 0.12% on November 10, with Jiewater leading the drop [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Gainers in Semiconductor Sector - Shengen Co. (688233) saw a significant increase of 20.00%, closing at 61.19 with a trading volume of 114,700 shares and a transaction value of 700 million [1] - Pushen Co. (688766) rose by 13.47%, closing at 173.15 with a trading volume of 163,300 shares and a transaction value of 2.691 billion [1] - Jingyi Equipment (688652) increased by 12.37%, closing at 105.80 with a trading volume of 132,400 shares and a transaction value of 1.362 billion [1] Top Decliners in Semiconductor Sector - Jiewater (688141) fell by 5.57%, closing at 41.56 with a trading volume of 197,700 shares and a transaction value of 829 million [2] - Huahong Company (688347) decreased by 5.49%, closing at 118.85 with a trading volume of 294,300 shares and a transaction value of 3.513 billion [2] - Huafeng Measurement and Control (688200) dropped by 3.77%, closing at 178.31 with a trading volume of 38,400 shares and a transaction value of 697 million [2] Capital Flow Analysis - The semiconductor sector saw a net outflow of 3.206 billion from institutional investors, while retail investors experienced a net inflow of 1.701 billion [2][3] - Major stocks like Daway Co. (002213) had a net inflow of 504 million from institutional investors, but a net outflow of 240 million from retail investors [3] - Beijing Junzheng (300223) had a net inflow of 478 million from institutional investors, while retail investors saw a net inflow of 953,740 [3]