Trade and Policy Updates - The U.S. has extended the tariff exemptions on certain products related to the Section 301 investigation into China's practices regarding technology transfer, intellectual property, and innovation, now set to expire on August 31, 2025, instead of May 31, 2025 [1] Aviation Industry - Starting from June 5, 2025, domestic airlines will adjust the fuel surcharge for passenger transport, with routes under 800 kilometers exempt from the surcharge, while those over 800 kilometers will incur a fee of 10 yuan per passenger per segment [2] Artificial Intelligence Sector - The 2025 Global Artificial Intelligence Technology Conference (GAITC 2025) will be held in Hangzhou on June 7-8, focusing on themes of "crossing, integration, mutual growth, and win-win" [4] - CITIC Securities reports that the process of re-evaluating the value of China's technology industry is ongoing, recommending investors to pay attention to the expansion of the AI ecosystem and the investment opportunities arising from its application in various sectors [4] Nuclear Energy Sector - The Second Tianfu Nuclear Fusion Forum will take place in Chengdu on June 5-6, highlighting the growing global focus on energy security and the increasing demand for electricity [5] - Zhongtai Securities emphasizes the advantages of controlled nuclear fusion over fission, including a more abundant fuel supply, higher energy density, and greater safety [5] - Key projects in China include CFETR, BEST, and HL-3, with ongoing construction of hybrid reactors like "Spark One" and Z-ZFR [5] Stock Market and Share Unlocking - This week, 38 companies will have their locked shares released, totaling 2.276 billion shares with a market value of 26.666 billion yuan, a significant increase of 122.18% compared to the previous week [7] - The largest unlock is from Chip导科技, with a value of 4.259 billion yuan, accounting for 15.97% of the total unlock this week [7][8] New Stock Listings - Only one new stock, Haiyang Technology, is available for subscription this week, with an IPO price of 11.50 yuan and a subscription limit of 14,500 shares [10] Market Outlook - Galaxy Securities suggests that the A-share market may continue to experience fluctuations, with a focus on external tariff changes and domestic policy implementation [14] - The report highlights three main investment themes: high-margin assets, technology sector opportunities, and consumer sectors boosted by policy support [14] - Xingzheng Strategy indicates that the market may see a shift towards technology growth stocks in June, as historical trends suggest a favorable performance for this sector during this period [15]

Core Viewpoint - The A-share market will see a total of 54 stocks facing lock-up expiration next week, with a total unlock market value of 27.882 billion yuan, but no stock will exceed 10 billion yuan in unlock value [1][4][6]. Group 1: Unlock Market Value - The total unlock market value for the 54 stocks is 27.882 billion yuan, calculated based on the closing price on May 30 [1][4]. - The stocks with the highest unlock market value are Chipway Technology (42.59 million yuan) and Huachuang Technology (40.81 million yuan) [4][10]. - Four stocks will see their circulating shares increase by over 100%, with Chipway Technology's circulating shares expanding by 300% [1][12]. Group 2: Individual Stock Analysis - Chipway Technology will unlock 88.2 million shares on June 3, representing 75% of its total share capital, with a market value of 42.59 million yuan [7][11]. - Huachuang Technology will unlock 242.35 million shares on June 6, representing 70.35% of its total share capital, with a market value of 40.81 million yuan [10][11]. - *ST Chengchang will unlock 102.11 million shares on June 6, with a market value of 35.54 million yuan [4][10]. Group 3: Stock Performance - As of May 30, Chipway Technology's stock price was 48.29 yuan, down 26.30% from its issue price, while its market capitalization was 5.679 billion yuan [7][10]. - Huachuang Technology's stock price was 16.84 yuan, down 50.92% from its issue price, with a market capitalization of 5.801 billion yuan [10][11]. - The profit for Chipway Technology in 2024 was 111.6 million yuan, a year-on-year increase of 15.70%, while the first quarter of 2025 saw a profit of 24.07 million yuan, a decrease of 1.62% [8][10].

| 序号 | 代码 | 名称 | 解禁日期 | (万股) | 解禁数量 实际可流通数量 [实际可流通股市值 (万股) | (亿元)] | 解禁股份类型 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 688230.SH | 芯导科技 | 2025-06-03 | 8,820.00 | 8.820.00 | | 42.59 追加承诺限售股份上市流通 | | 2 | 688151.SH | 华揭科技 | 2025-06-06 | 24.234.68 | 24.234.68 | | 40.81 追加承诺限售股份上市流通 | | 3 | 001270.SZ | *ST银昌 | 2025-06-06 | 10.210.76 | 10.210.76 | | 35.54 首发原股东限售股份 | | র্ম | 000875.SZ | 吉电股份 | 2025-06-05 | 55.246.12 | 55.246.12 | | 28.51 定向增发机构配售股份 | | 5 | 000966.SZ | 长源电力 | 2025-06-03 | 51.219.51 ...

公司上述限制性股票回购注销、预留部分授予完成后，公司注册资本、股份 总数分别变更为人民币206,114,901元、206,114,901股。公司减资后的注册资本不 低于法定的最低限额。 鉴于本次回购注销部分限制性股票将导致公司注册资本减少，根据《中华人 民共和国公司法》等相关法律法规及《公司章程》的规定，公司特此通知债权人： 债权人自本公告之日起45日内向公司申报债权，并有权凭有效债权文件及相关凭 证要求公司清偿债务或者提供相应的担保。债权人如逾期未向公司申报债权，不 会因此影响其债权的有效性，相关债务（义务）将由公司根据原债权文件的约定 继续履行。债权人未在规定期限内行使上述权利的，本次回购注销将按法定程序 继续实施。公司各债权人如要求公司清偿债务或者提供相应担保的，应按相关法 律法规的规定向公司提出书面要求，并随附相关证明文件。 （一）债权申报所需材料： 1、公司债权人可持证明债权债务关系存在的合同、协议及其他凭证的原件 证券代码：001270 证券简称：*ST铖昌 公告编号：2025-028 浙江铖昌科技股份有限公司 关于回购注销部分限制性股票减资暨通知债权人的公告 本公司及董事会全体成员保证信息披露的 ...

1、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会决议。 一、会议召开情况 证券代码：001270 证券简称：*ST铖昌 公告编号：2025-027 浙江铖昌科技股份有限公司 2024年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、会议召开时间： （1）现场会议召开时间：2025年5月13日（星期二）下午14:30 （2）通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年5月13 日上午9:15-9:25和9:30-11:30，下午13:00-15:00。通过深圳证券交易所互联网投票 的具体时间为：2025年5月13日9:15-15:00期间的任意时间。 2、现场会议召开地点：杭州市西湖区智强路428号云创镓谷研发中心3号楼会 议室。 3、会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式 4、会议召集人：浙江铖昌科技股份有限公司董事会 5、会议主持人：董事长罗珊珊女士 6、会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票 上市规则》及《公司章程》等的有 ...

北京君合（杭州）律师事务所（以下简称"本所"）接受浙江铖昌科技股份 有限公司（以下简称"公司"）委托，根据《中华人民共和国证券法》（以下简称 《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管 理委员会《上市公司股东会规则》（以下简称《股东会规则》）、《律师事务所从事 证券法律业务管理办法》等中华人民共和国（以下简称"中国"）现行有效的法 律、行政法规、规章和规范性文件（为本法律意见书之目的，不包括香港特别行 政区、澳门特别行政区和台湾地区现行有效的法律、行政法规、规章和规范性文 件）和现行有效的《浙江铖昌科技股份有限公司章程》（以下简称《公司章程》） 有关规定，指派律师列席了公司于 2025 年 5 月 13 日召开的 2024 年年度股东大 会（以下简称"本次股东大会"），并就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师出席了本次股东大会，审查了公司提供的与 本次股东大会有关的文件，包括但不限于： 浙江省杭州市西湖区学院路 77 号 黄龙万科中心 A 座 16 楼 邮编：310012 电话：(86-571) 2689-8188 传真：(86-571) 26 ...

在A股市场按下优胜劣汰、出清风险的"加速键"之际，年内已有140余家上市公司遭遇"披星戴帽"，在实施 风险警示后，这批公司多数迎来股价重挫，因此连带布局的基金也较为受伤。但从比例来看，公募基金"踩 雷"的比例仍然较低，且多数为ETF等被动资金。 值得一提的是，具备专业性和定价权的公募基金对ST股的兴趣较过往已经大幅下滑，但仍有部分公司在有可 能摘帽之际依旧会被公募相中，近日多家相关公司机构调研会议上吸引了包括公募基金等机构参与。 个别"披星戴帽"股有公募持仓 随着年报披露完毕，多家上市公司在新"国九条"严规下被实施退市风险警示，Wind数据显示，在优胜劣汰节 奏加快的背景下，年内已有超过140家上市公司被实施ST，5月6日和4月30日就分别有27家和43家公司"披星戴 帽"。 且多数被实施退市风险警示的个股，在公告披露后均迎来股价的重挫，因此个别参与布局的公募基金也颇为受 伤。 4月30日，主营业务是电视、互联网和移动互联网视频等内容的制作、发行和营销的中广天择公告，因2024 年 度经审计的利润总额、净利润、扣除非经常性损益后的净利润孰低者为负，且扣除与主营业务无关的业务收入 和不具备商业实质的收入后的营业 ...

Core Viewpoint - The global semiconductor sales continue to grow in Q1 2025, but there is a significant performance divergence among major chip manufacturers, influenced by market and product differences, particularly in AI and storage sectors, while automotive chip manufacturers are struggling [1]. Chip Design (Including IDM) - Texas Instruments (TI) reported Q1 revenue of $4.07 billion, a year-over-year increase of 11% and a sequential increase of 2%. The company expects Q2 revenue between $4.17 billion and $4.53 billion [3]. - STMicroelectronics (ST) reported Q1 revenue of $2.52 billion, a year-over-year decline of 27.3%, with a net profit of $56 million, down 89.1% [5]. - NXP's Q1 revenue was $2.84 billion, down 9% year-over-year, with a significant decline in automotive market revenue [6]. - Qualcomm's Q1 revenue reached $10.98 billion, a year-over-year increase of 16.9%, driven by growth in mobile, automotive, and IoT sectors [8]. - MediaTek's Q1 revenue was NT$153.31 billion, up 14.9% year-over-year, exceeding operational targets due to increased market demand [9]. Semiconductor Manufacturing - TSMC's Q1 revenue was $25.53 billion, a year-over-year increase of 35.3%, with a gross margin of 58.8% [42]. - UMC reported Q1 revenue of NT$57.86 billion, a year-over-year increase of 5.9%, with a focus on 22/28nm process technology [46]. - World Advanced's Q1 revenue was NT$11.949 billion, a year-over-year increase of 24%, achieving a net profit of NT$2.414 billion [48]. Chip Distribution - WPG Holdings reported Q1 revenue of NT$248.83 billion, a year-over-year increase of 36.8%, driven by demand from AI and related sectors [58]. - Winstek Technology's Q1 revenue was NT$247.4 billion, a year-over-year increase of 28% [60]. - Arrow Electronics reported a 6% year-over-year decline in sales, totaling $5.3 billion [64]. Domestic Semiconductor Companies - Over 70% of semiconductor companies listed in A-shares reported year-over-year revenue growth in Q1 2025, with 60.63% of companies showing profit increases [35]. - Weir Shares reported a 14.68% year-over-year revenue increase in Q1, with a net profit increase of 55.25% [38]. - Zhaoyi Innovation's Q1 revenue was 1.909 billion yuan, a year-over-year increase of 17.32% [40].

Core Viewpoint - Zhejiang Chengchang Technology Co., Ltd. has approved the list of reserved incentive objects for the 2024 restricted stock incentive plan, ensuring compliance with relevant laws and regulations [1][3]. Disclosure and Verification - The company publicly disclosed the list of reserved incentive objects on April 23, 2025, and the public notice period lasted from April 23 to May 6, 2025, allowing employees to provide feedback [1][2]. - The supervisory board verified the identity and qualifications of the incentive objects, including their employment contracts and positions within the company [2][3]. Supervisory Board's Opinion - The supervisory board confirmed that all individuals included in the reserved incentive object list meet the qualifications stipulated by the Company Law and Securities Law of the People's Republic of China [3][6]. - There are no disqualifying circumstances for the reserved incentive objects as outlined in the management regulations, ensuring their eligibility for the incentive plan [4][5]. - The basic information of the reserved incentive objects is accurate, with no falsehoods or significant omissions, and they comply with the conditions set forth in the incentive plan [6].

证券代码：001270 证券简称：*ST铖昌 公告编号：2025-026 浙江铖昌科技股份有限公司 监事会关于2024年限制性股票激励计划预留部分激励对象名单的 核查意见及公示情况说明 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 2025年4月21日，浙江铖昌科技股份有限公司（以下简称"公司"）召开第二届 董事会第十一次会议和第二届监事会第十次会议，审议通过了《关于向激励对象 授予预留部分限制性股票的议案》，根据《上市公司股权激励管理办法》（以下简 称"《管理办法》"）等法律法规及规范性文件的相关规定，公司对预留部分激励对 象的姓名及职务在公司内部进行了公示。公司监事会结合公示情况对预留部分激 励对象名单进行了核查，相关公示情况及核查意见如下： 一、公示情况及核查方式 （一）对激励对象的公示情况 公 司 于 2025 年 4 月 23 日 在 公 司 指 定 信 息 披 露 媒 体 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露了《2024 年限制性股票激励计划预留授予激励对 象名单（授予日）》，并于 2025 年 4 月 ...