Group 1 - The semiconductor ETF (159813) opened down 0.29% at 1.027 yuan [1] - Major holdings in the semiconductor ETF include companies like Cambricon, SMIC, and Huagong Information, with varying performance on the opening day [1] - The ETF's performance benchmark is the National Securities Semiconductor Chip Index, managed by Penghua Fund Management Co., with a return of 54.60% since its inception on April 17, 2020, and a recent one-month return of -12.71% [1]

Core Viewpoint - The semiconductor ETF from Southern (159325) opened with a gain of 0.73%, indicating positive market sentiment towards the semiconductor sector [1] Group 1: ETF Performance - The Southern Semiconductor ETF (159325) opened at 1.371 yuan, reflecting a 0.73% increase [1] - Since its establishment on October 31, 2024, the fund has achieved a return of 36.55%, while its return over the past month has been -13.41% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) up 0.89% - Cambricon (寒武纪) up 0.48% - Haiguang Information (海光信息) up 0.84% - Northern Huachuang (北方华创) up 1.38% - Lattice Semiconductor (澜起科技) up 2.37% - GigaDevice (兆易创新) up 3.25% - Zhongwei Company (中微公司) up 1.25% - OmniVision (豪威集团) up 0.50% - JCET (长电科技) up 1.11% - Unisoc (紫光国微) up 1.08% [1]

Group 1: Commercial Aerospace Development - The establishment of the Commercial Aerospace Department by the National Defense Science and Technology Industry Bureau indicates a significant government focus on the regulated development of the commercial aerospace industry [1] - This new department is expected to enhance the efficiency of key processes such as commercial launch approvals and satellite operation licensing through better integration of various departmental functions [1] - The move is seen as a strong boost for the industry, especially in the context of emerging trends like low Earth orbit satellite constellations and the space economy, which require breaking down departmental barriers for better collaboration [1] Group 2: Semiconductor Industry Transformation - The semiconductor industry in China is undergoing a new wave of transformation driven by markets such as artificial intelligence, intelligent connected vehicles, and quantum computing, which demand higher chip performance and energy efficiency [2] - There is a call for a systematic approach to build a full-chain innovation ecosystem, leveraging applications to seize opportunities presented by the industry transformation [2] - The emphasis on "open cooperation" reflects China's commitment to global development in the semiconductor sector amidst increasing global technological competition [2] Group 3: eSIM Technology and Satellite Internet - Unisoc has launched a new generation eSIM chip, THC9E, which supports satellite internet applications and offers a high-reliability connection capability integrating operator eSIM, satellite communication eSIM, and Wi-Fi [3] - The trend towards "integrated space and ground" is becoming a direction for 6G evolution, with eSIM technology playing a crucial role in accelerating the deployment of IoT and emergency communication scenarios [3] - This technological advancement has the potential to address communication challenges in remote areas, although considerations regarding costs and pricing remain important [3]

Group 1 - The core point of the article is that Unisoc (紫光国微) held its 33rd meeting of the 8th Board of Directors on November 21, 2025, where it reviewed the proposal regarding not adjusting the conversion price of "Guomi Convertible Bonds" [1] - For the first half of 2025, Unisoc's revenue composition was as follows: integrated circuits accounted for 93.98%, electronic component manufacturing for 4.96%, and other businesses for 1.06% [1] - As of the time of reporting, Unisoc's market capitalization was 61.4 billion yuan [1]

紫光国芯微电子股份有限公司 关于不向下修正"国微转债"转股价格的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 | 证券代码：002049 | 证券简称：紫光国微 | 公告编号：2025-102 | | --- | --- | --- | | 债券代码：127038 | 债券简称：国微转债 | | 特别提示： 1．自 2025 年 10 月 30 日至 2025 年 11 月 21 日，紫光国芯微电子股份有限 公司（以下简称"公司"）股票已经出现在连续三十个交易日中至少有十五个交 易日的收盘价格低于当期转股价格的 85%的情形，触发"国微转债"转股价格向 下修正条件。 2．经公司第八届董事会第三十三次会议审议同意，董事会决定本次不行使 "国微转债"的转股价格向下修正的权利，且在次一交易日起算的未来三个月内 （即 2025 年 11 月 24 日至 2026 年 2 月 23 日），如再次触发"国微转债"转股价 格向下修正条件，亦不提出向下修正方案。从 2026 年 2 月 24 日重新起算，若再 次触发"国微转债"的转股价格向下修正条件，届时公司将按照相 ...

紫光国芯微电子股份有限公司（以下简称"公司"）第八届董事会第三十三 次会议通知于 2025 年 11 月 21 日以电子邮件的方式发出，会议于 2025 年 11 月 21 日在公司会议室以现场与通讯相结合的方式召开，会议应出席董事 9 人，实 际出席董事 9 人。会议由董事长陈杰先生召集并主持。会议的召集、召开和表决 程序符合《中华人民共和国公司法》和《紫光国芯微电子股份有限公司章程》的 规定。 | 证券代码：002049 | 证券简称：紫光国微 | 公告编号：2025-101 | | --- | --- | --- | | 债券代码：127038 | 债券简称：国微转债 | | 紫光国芯微电子股份有限公司 第八届董事会第三十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 具 体 内 容 详 见 公 司 于 同 日 在 《 中 国 证 券 报 》 及 巨 潮 资 讯 网 （www.cninfo.com.cn）上披露的《关于不向下修正"国微转债"转股价格的公 告》。 特此公告。 紫光国芯微电子股份有限公司董事会 202 ...

Core Viewpoint - The company has achieved large-scale shipments of its eSIM products across various terminal categories, including smartphones, wearable devices, and tablets, with significant growth expected in the overseas market by 2025 [1] Group 1: Product Performance - The company's eSIM products have successfully completed full access approval from China's three major telecom operators [1] - By 2025, the overseas shipment volume of mobile eSIMs is projected to exceed 10 million units [1] Group 2: Market Outlook - The gradual clarification of domestic policies is anticipated to contribute significantly to the company's growth [1]

Core Viewpoint - Unigroup Guowei (002049) has achieved large-scale shipments of its eSIM products across various terminal categories, including mobile phones, wearable devices, and tablets, with significant growth expected in overseas markets by 2025 [1] Group 1 - The company’s eSIM products have successfully completed full access approval from China's three major telecom operators [1] - By 2025, the overseas shipment volume of mobile phone eSIMs is projected to exceed 10 million units [1] - The gradual clarification of domestic policies is anticipated to contribute significantly to the company's growth [1]

Core Viewpoint - The company has successfully implemented its eSIM solutions on a large scale internationally, becoming the first and only Chinese enterprise to achieve this milestone in the eSIM chip market [1] Group 1: Market Expansion - The eSIM solutions have been commercialized in numerous countries and regions globally, with successful integration into several well-known device manufacturers [1] - The application scenarios for the eSIM technology cover diverse fields including mobile terminals, wearable devices, automotive electronics, and the Internet of Things (IoT) [1] Group 2: Sales and Projections - By 2025, the company's overseas mobile eSIM shipment volume is expected to exceed 10 million units [1] - With the gradual clarification of domestic policies, multiple projects have been initiated within the country [1]

Core Viewpoint - The company is actively pursuing technological iterations and application development in its special integrated circuit business to maintain profitability, while acknowledging that its stock price is influenced by macroeconomic factors, market conditions, and investor risk appetite [1] Group 1: Business Development - The company has completed the development of its image AI smart chip, which is now being selected by users [1] - The AI video processor chip is currently in the research and development stage, with progress reported as smooth [1] - Future plans include forming R&D teams, engaging in external collaborations, and investing or acquiring quality targets to advance AI business layout, focusing on edge AI applications [1] Group 2: Commercial Aerospace Expansion - The company is actively expanding in the commercial aerospace sector, with a series of products including FPGA, read-refresh chips, memory, and bus interfaces being gradually introduced [1] - Progress in the commercial aerospace product line is reported to be good [1]