Core Viewpoint - Dipo Technology (01384) has entered a strategic cooperation agreement with Muxi Integrated Circuit (Shanghai) Co., Ltd. to enhance collaboration in enterprise-level large model AI applications, aiming for mutual benefits and resource sharing [1] Group 1: Strategic Cooperation Agreement - The agreement is set to take effect on December 17, 2025, focusing on leveraging both companies' strengths and resources [1] - The collaboration will target key industries such as manufacturing, commercial circulation, transportation, and healthcare to meet digital intelligence demands [1] - A joint technical team will be established to create a comprehensive end-to-end domestic AI solution, ranging from hardware computing platforms to AI enterprise operating systems and Agentic AI applications [1] Group 2: Technical Support and Empowerment - Muxi will provide comprehensive technical support and empower Dipo's team with competitive and targeted solutions [1] - The partnership is based on principles of equality, mutual benefit, resource sharing, and complementary advantages to enhance business development [1] - This strategic collaboration is expected to help achieve the company's strategic goals and promote business growth [1]

New Stock Listings - One new stock listed today: Muxi Co., Ltd. (688802) with an issue price of 104.66 yuan [1] Industry News - The Ministry of Commerce announced the imposition of anti-dumping duties on imported pork and pork products from the EU for a period of five years starting today [1] - The 2025 Xiaomi Human-Vehicle Home Ecosystem Partner Conference is being held today [1] - The 2025 China Artificial Intelligence Industry Innovation and Development Conference is taking place today [1] - The Second Global Data Technology Conference (GDTC) is being held in Beijing from today until the 18th [1] - The Fourth Computing Power Network and Digital Economy Forum, along with the 2025 "Computing Power Puxiang" Conference, is being held today [1] - Dell announced a price increase for all its commercial product lines starting today, attributed to demand for memory chips [1] - The U.S. Trade Representative's office warned of potential retaliatory measures against the EU's service industry and may initiate a Section 301 investigation [1] - The U.S. FDA approved a twice-a-year asthma medication from GlaxoSmithKline [1] - Autonomous driving company Waymo is reportedly discussing raising several billion dollars at a valuation exceeding $100 billion [1] - Tesla's stock price reached a historic high, with a market capitalization exceeding $1.6 trillion, reflecting growing optimism about autonomous driving [1] - Level 3 autonomous driving has been approved, with Changan Automobile and BAIC Blue Valley models receiving pilot approval [1] - Apple plans to expand its iPhone product line from five to seven models before fall 2027 [1] - OpenAI appointed former UK Chancellor Osborne to lead the "OpenAI for Countries" initiative [1] - AI data platform Databricks is reportedly raising over $4 billion at a valuation of $134 billion [1] - The European Commission plans to issue approximately €90 billion in bonds in the first half of next year [1] Economic Data - A total of 189.8 billion yuan in 7-day reverse repos is maturing today [1] - Various economic indicators are being released, including Japan's trade balance, export and import amounts for November, and the UK's core CPI [1] - Germany's Ifo Business Climate Index for December and HICP data for November are being published [1] - Italy's HICP data for November is also being released [1] - Eurozone's November CPI and core CPI data are being reported [1] - U.S. retail inventory adjustments and EIA crude oil inventory changes for the week ending December 12 are being released [1] A-Share Market Dynamics - Six listed companies are facing stock unlocks, including Oke Technology with 70 million shares (74.99% of total shares) and Meino Biological with 13.88 million shares (9.86%) [1] - Several companies announced dividend distributions, with Chongqing Brewery (10 shares for 13 yuan) and Wuliangye (10 shares for 25.78 yuan) among those with significant payouts [1] - Dongjie Intelligent is planning to acquire a controlling stake in Aobo Intelligent, leading to a stock suspension [1] - Multiple companies released important announcements, including 360 clarifying rumors of financial fraud and Longping High-Tech planning a 1 billion yuan investment in production bases in Vietnam and Malaysia [1] - Lianhua Holdings' subsidiary plans to purchase acceleration cards for intelligent computing business for 200 million yuan [1] - Hualing Cable intends to acquire 70% of San Zhu Technology for 183 million yuan [1] - Xiechuang Data signed a strategic cooperation framework agreement to enter the optical chip and module industry [1]

Group 1 - The core point of the article is the strategic cooperation between Dipu Technology and Muxi Co., focusing on the development of end-to-end domestic AI solutions across key industries such as manufacturing, commercial circulation, transportation, and healthcare [1] - The partnership aims to establish a joint technical team that leverages both companies' strengths to create a comprehensive AI operating system and applications, enhancing competitive solutions for Dipu Technology [1] - Market analysts believe this collaboration opens up greater possibilities for long-term development for both companies, emphasizing the importance of synergy between computing power supply and application scenarios in the advancement of domestic AI [1] Group 2 - Dipu Technology is recognized as a leading provider of enterprise-level large model AI application solutions and has been designated as a national-level specialized and innovative "little giant" since its establishment in 2018 [2] - The company has developed core infrastructures such as the AI-Ready FastData Foil data integration platform and the Deepexi enterprise-level large model platform, accumulating significant technological expertise in data governance and the implementation of intelligent agents [2] - Dipu Technology's services span multiple verticals, including manufacturing, retail, healthcare, and transportation, offering high-precision AI digital employees based on proprietary data and business logic [2]

Group 1 - The Sci-Tech Innovation Board (STAR Market) index rose by 2.04%, closing at 1335.25 points, with a total trading volume of 3.659 billion shares and a turnover of 185.771 billion yuan, resulting in an average turnover rate of 1.89% [1] - Among the tradable stocks on the STAR Market, 369 stocks closed higher, with 6 stocks increasing by over 10% and 36 stocks rising between 5% and 10%. Conversely, 215 stocks closed lower, with 1 stock declining by over 10% [1] - The highest turnover rate was recorded by C Youxun, a newly listed stock, which saw a turnover rate of 49.03% and a decline of 6.89%, with a trading volume of 1.668 billion yuan and a net outflow of 22.586 million yuan in main funds [1][3] Group 2 - In the high turnover stocks with rates exceeding 5%, 47 stocks increased today, with the highest gains from Dingtong Technology, Jingzhida, and Aisen Co., which rose by 20.00%, 19.96%, and 18.65% respectively [2] - The electronic industry had the most stocks with high turnover rates, totaling 28, followed by the power equipment and computer sectors, each with 8 stocks [2] - Among high turnover stocks, 31 experienced net inflows of main funds, with the largest inflows seen in Changguang Huaxin, Dekeli, and Ruikeda, amounting to 218 million yuan, 216 million yuan, and 120 million yuan respectively [2] Group 3 - The stocks with the highest turnover rates on December 22 included Aisen Co. with a turnover rate of 24.30% and a gain of 18.65%, and Hengkun New Materials with a turnover rate of 22.27% and a gain of 6.39% [3][4] - Stocks such as C Youxun and C Muxi experienced significant net outflows, with C Youxun seeing a net outflow of 22.586 million yuan and C Muxi a net outflow of 165.124 million yuan [3][4] - The overall market performance indicated a mixed trend, with some stocks like Dingtong Technology and Jingzhida showing strong gains while others like Laplace and Zhuoran Co. faced notable declines [2][4]

Core Insights - The company Dipo Technology has entered into a strategic cooperation agreement with Muxi Integrated Circuits (Shanghai) Co., Ltd. to enhance collaboration in the enterprise-level large model AI application sector [1] Group 1 - The partnership aims to leverage the strengths and resources of both companies to deepen their strategic relationship in AI applications [1] - A joint technology research and development team will be established as part of this collaboration [1] - The goal is to create a comprehensive domestic AI end-to-end solution, ranging from foundational hardware computing platforms to AI-level enterprise operating systems and Agentic AI applications [1]

Weekly New Stock Performance - Four new stocks were listed from December 15 to December 19, with an average first-day price increase of 342.82%[2] - All four new stocks had first-day gains exceeding 100%, including Yuxun Co. (346.57%), Yuanchuang Co. (171.64%), Muxi Co. (692.95%), and Angrui Micro (160.11%)[2][5] - No new stocks experienced a first-day decline during this period[2] Weekly New Stock Issuance Trends - The total amount raised from new stock issuances last week was 77.82 billion yuan, an increase of 65.15 billion yuan compared to the previous week[4] - The number of new stocks listed last week was four, compared to one the week before[5] Monthly New Stock Overview - From December 1 to December 19, a total of eight new stocks were listed, raising 216.64 billion yuan with a first-day price increase average of 319.27%[11] - The first-day price increase range for these stocks was between 146.63% and 692.95%[11] Upcoming New Stock Listings - Three new stocks are scheduled to be listed this week, including one on the main board and two on the ChiNext board[18] - The expected fundraising amounts for the upcoming listings are 3.24 billion yuan for Hengtong Light, 15.55 billion yuan for Shaanxi Tourism, and 7.28 billion yuan for Xinguangyi[23]

Core Viewpoint - Dipu Technology (01384) has entered into a strategic cooperation agreement with Muxi Integrated Circuit (Shanghai) Co., Ltd. to enhance collaboration in enterprise-level AI applications, focusing on key industries such as manufacturing, commercial circulation, transportation, and healthcare [1] Group 1 - The strategic cooperation aims to leverage the strengths and resources of both companies to develop a comprehensive end-to-end domestic AI solution, ranging from hardware computing platforms to AI-level enterprise operating systems and Agentic AI applications [1] - A joint technical team will be established to address the digitalization needs of key industries, ensuring a focused approach to technological advancements [1] - Muxi will provide comprehensive technical support and empower Dipu's team with competitive and targeted solutions, enhancing the overall capabilities of the company [1] Group 2 - The agreement emphasizes principles of equality, mutual benefit, resource sharing, and complementary advantages to strengthen collaboration and promote business development [1] - This partnership is expected to contribute to achieving the strategic goals of both companies, fostering a win-win situation [1]

Core Viewpoint - Dipo Technology (01384) has entered into a strategic cooperation agreement with Muxi Integrated Circuit (Shanghai) Co., Ltd. to enhance collaboration in enterprise-level large model AI applications [1] Group 1: Strategic Cooperation - The agreement aims to leverage the strengths and resources of both companies to deepen their strategic partnership in key industries such as manufacturing, commercial circulation, transportation, and healthcare [1] - A joint technical team will be established to create a comprehensive domestic AI end-to-end solution, ranging from underlying hardware computing platforms to AI-level enterprise operating systems and Agentic AI applications [1] - Muxi will provide comprehensive technical support and empower Dipo's team with competitive and targeted solutions [1] Group 2: Business Development - The cooperation is based on principles of equality, mutual benefit, resource sharing, and complementary advantages, which will strengthen collaboration and promote business development [1] - This partnership is expected to help achieve the strategic goals of the company through mutual benefits [1]

Core Viewpoint - Dipo Technology (01384.HK) has entered into a strategic cooperation agreement with Muxi Integrated Circuit (Shanghai) Co., Ltd. to enhance collaboration in enterprise-level large model AI applications [1] Group 1: Strategic Cooperation - The agreement aims to leverage the strengths and resources of both companies to deepen their strategic partnership in key industries such as manufacturing, commercial circulation, transportation, and healthcare [1] - A joint technical team will be established to focus on the digitalization needs of these industries, creating an end-to-end domestic AI solution that includes hardware computing platforms, AI enterprise operating systems, and Agentic AI applications [1] Group 2: Technical Support and Empowerment - Muxi Integrated Circuit will provide comprehensive technical support and collaboration, empowering Dipo Technology's team with competitive and targeted solutions [1] - The professional technical support team from Muxi will ensure timely delivery of multiple tailored solutions to Dipo Technology [1]

IPO Pipeline Overview - As of December 21, there are 266 companies in the IPO pipeline, with 18 on the Shanghai Main Board, 36 on the Sci-Tech Innovation Board, 20 on the Shenzhen Main Board, 28 on the Growth Enterprise Market, and 164 on the Beijing Stock Exchange [2] - The total number of companies at various stages includes 12 accepted, 168 under inquiry, 11 approved, 52 registered, and 25 in total [3] Newly Listed Companies - Between December 15 and December 21, four companies were newly listed: Beijing Angrui Microelectronics Technology Co., Ltd., Muxi Integrated Circuit (Shanghai) Co., Ltd., Yuanchuang Technology Co., Ltd., and Xiamen Youxun Chip Co., Ltd. [4] - Beijing Angrui Microelectronics closed at 216.05 CNY per share, with a rise of 160.11% and a trading volume of 2.061 billion CNY [5] - Muxi Integrated Circuit closed at 829.90 CNY per share, with a rise of 692.95% and a trading volume of 11.259 billion CNY [7] - Yuanchuang Technology closed at 67.23 CNY per share, with a rise of 171.64% and a trading volume of 11.259 billion CNY [7] - Xiamen Youxun Chip closed at 230.70 CNY per share, with a rise of 346.57% and a trading volume of 2.854 billion CNY [8] New Counseling Record Companies - 18 companies were newly recorded for counseling between December 15 and December 21, including Xinyu Automotive Parts Co., Ltd., Jiangsu Anlan Wanjin Electronics Co., Ltd., and others [9] - Xinyu Automotive Parts specializes in the R&D, manufacturing, and sales of automotive parts, recognized as a key enterprise in Zhejiang Province [10] - Jiangsu Anlan Wanjin Electronics produces high-speed communication transmission cables and components for various industries [11] CSRC Approval Status - Between December 15 and December 21, six companies successfully passed the review process, including China Electronics Technology Blue Sky Technology Co., Ltd. and Shenzhen Shangshui Intelligent Co., Ltd. [17] - China Electronics Technology Blue Sky focuses on electric energy products and systems, providing comprehensive solutions from deep sea to deep space [18] CSRC Registration Approval - Three companies received registration approval between December 15 and December 21: Shandong Agricultural University Fertilizer Technology Co., Ltd., Shenzhen Beixin Life Technology Co., Ltd., and Yisiwei (Hangzhou) Technology Co., Ltd. [21] - Shandong Agricultural University Fertilizer specializes in new fertilizer development and aims to promote green and technological transformation in the agricultural sector [22] Termination of Review - On December 19, Jiejia Robot Co., Ltd. withdrew its IPO application on the Sci-Tech Innovation Board [24] - Jiejia Robot specializes in the R&D, production, and sales of collaborative robots and automation systems [25]