Market Overview - The decoration and renovation sector saw a slight increase of 0.09% on November 27, with Zhengzhong Design leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Top Performers - Zhengzhong Design (002811) closed at 16.73, up 9.99% with a trading volume of 455,000 shares and a turnover of 731 million [1] - Meizhi Co., Ltd. (002856) also rose by 9.99% to close at 13.32, with a trading volume of 172,600 shares and a turnover of 214 million [1] - Other notable gainers include ST Chuangxing (600193) up 4.89% and Mingdiao Co., Ltd. (002830) up 4.57% [1] Underperformers - ST Dongyi (002713) fell by 5.00% to close at 13.67, with a trading volume of 95,150 shares and a turnover of 13 million [2] - ST Zhongzhuang (002822) decreased by 4.97% to 4.21, with a trading volume of 522,900 shares and a turnover of 223 million [2] - Other significant decliners include ST Mingjia (300506) down 3.59% and Haikou Development (002163) down 1.97% [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 59.03 million from institutional investors, while retail investors saw a net inflow of 112 million [2] - The main stocks with significant capital flow include Zhengzhong Design with a net inflow of 11.9 million from institutional investors [3] - Meizhi Co., Ltd. had a net inflow of 12.93 million, while ST Baoying (002047) saw a net inflow of 12.39 million [3]

中天精装表示，公司将持续关注中经芯玑、芯玑半导体对外投资的后续进展，充分利用有关资源优势， 积极推动参控股企业的协同发展。 长江云河由长江产业投资集团有限公司旗下企业控股，执行事务合伙人为长江云河(湖北)创业投资基金 有限公司，其穿透后第一大股东为湖北省高新产业（300832）投资集团有限公司，背靠湖北省集成电路 产业集群，具备产业资源整合优势。湖北省集成电路产业集群以武汉为核心，依托长江存储等龙头企 业，正努力打造"世界存储之都"。 上海世禹为国家高新技术企业、专精特新"小巨人"企业，深耕半导体封测设备十余年，拥有百余项专 利，客户覆盖国内外知名半导体厂商，主营基板传输、芯片贴装、AOI等设备，具备软硬件自主开发与 智能工厂集成能力。 11月26日晚间，中天精装（002989）发布公告称，公司通过间接参股的芯玑半导体，联合长江云河与上 海世禹共同设立湖北长江世禹芯玑半导体有限公司(简称"长江半导体")，三方分别出资19,980万元、 19,980万元、20,040万元，持股比例为33.30%、33.30%、33.40%，合计注册资本6亿元人民币。本次投 资聚焦半导体封测产业链，延续中天精装泛半导体领域战略布 ...

中天精装公告称，其通过中经芯玑参投的芯玑半导体，出资19980万元与长江云河、上海世禹共同设立 长江半导体，后两者分别出资19980万元、20040万元，分别持有长江半导体33.30%、33.30%和33.40% 股权。长江半导体无控股股东和实际控制人。本次投资不会导致公司合并报表范围变更，对短期经营业 绩无重大影响。公司表示，该投资符合发展战略，将持续关注进展并及时披露。 ...

半导体封测领域的有关投资。 | 证券代码：002989 | 证券简称：中天精装 | 公告编号：2025-094 | | --- | --- | --- | | 债券代码：127055 | 债券简称：精装转债 | | 深圳中天精装股份有限公司 关于参投合伙企业的投资事项进展公告 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。 深圳中天精装股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日披 露《关于全资子公司购买股权暨对外投资事项进展的公告》（公告编号：2025-082）： 公司通过东阳中经芯玑企业管理合伙企业（有限合伙）（以下简称"中经芯玑"） 参投的芯玑（东阳）半导体有限公司（以下简称"芯玑半导体"）对外转让其所 持合肥鑫丰科技有限公司的股权，回收的资金继续用于"投资半导体封测业务的 相关公司"。 近日，公司收到中经芯玑书面通知，中经芯玑控股、公司间接参股的芯玑半 导体出资 19,980 万元与长江云河（湖北）科技创业发展合伙企业（有限合伙） （以下简称"长江云河"）、上海世禹精密设备股份有限公司（以下简称"上海 世禹"）共同设立湖北长江世 ...

Group 1 - The core focus of Zhongtian Jingzhuang's invested company, Shenzhen Yuanjian Zhichun Technology Co., Ltd., is on high bandwidth memory (HBM) chips, with HBM2/2e products completing final testing and moving towards mass production and upgrades [1][2] - HBM3/3e products are currently in the research and development phase, having completed preliminary research and some design work [1][2] - Another invested company, Kuiruisi Semiconductor Technology (Dongyang) Co., Ltd., specializes in ABF substrate-related businesses, with products used for packaging high-performance chips such as CPUs, GPUs, AI, and automotive applications, and the first phase of the project has been successfully put into production [1][2] Group 2 - Hefei Xinfeng Technology Co., Ltd., another invested company, focuses on the packaging and testing of storage chips, providing integrated packaging and testing services to clients [1][2]

Core Viewpoint - The company has significant investments in enterprises focusing on high bandwidth memory (HBM) technology, with ongoing developments in HBM2/2e and HBM3/3e products [1] Group 1: HBM Technology - The company's invested enterprise, Shenzhen Yuanjian Zhichun Technology Co., Ltd., is concentrating on the HBM sector, with HBM2/2e products having completed final testing and moving towards mass production and upgrades [1] - HBM3/3e products are currently in the research and development phase, having completed preliminary research and some design work [1] Group 2: Semiconductor Packaging - The company's invested enterprise, Coreis Semiconductor Technology (Dongyang) Co., Ltd., specializes in ABF substrate-related businesses, with products used for packaging high-performance chips such as CPU, GPU, AI, and automotive applications [1] - The first phase of the project has been put into production, and current progress is reported to be smooth [1] Group 3: Testing and Packaging Services - The company's invested enterprise, Hefei Xinfeng Technology Co., Ltd., focuses on the packaging and testing of memory chips, providing integrated packaging and testing services to clients [1]

Core Viewpoint - The company has a stake in Shenzhen Yuanjian Zhichun Technology Co., Ltd., which focuses on high bandwidth memory (HBM) chips, with ongoing developments in HBM2/2e and HBM3/3e products [1] Group 1 - The HBM2/2e products have completed final testing and are moving towards mass production and upgrades [1] - The HBM3/3e products are currently in the research and development phase, with preliminary research and some design work completed [1] - The company's indirect ownership in Shenzhen Yuanjian Zhichun Technology is 6.71% when calculated through a penetration approach [1] Group 2 - The company is committed to monitoring and supporting the operational development of its associated enterprises [1] - Any significant external investment progress or other matters that could have a major impact on the company will be disclosed in a timely manner [1]

Market Performance - The decoration and renovation sector increased by 1.27% compared to the previous trading day, with Meizhi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Key Stocks in the Sector - Meizhi Co., Ltd. (002856) closed at 12.88, with a rise of 9.99% and a trading volume of 97,200 shares, totaling a transaction value of 123 million yuan [1] - Zhengzhong Design (002811) closed at 16.01, up 7.31%, with a trading volume of 592,300 shares and a transaction value of 2.616 million yuan [1] - Other notable stocks include *ST Jianyi (002789) with a 5.00% increase, *ST Zhongzhuang (002822) with a 4.98% increase, and Zhongtian Jingzhuang (002989) with a 4.19% increase [1] Capital Flow Analysis - The decoration and renovation sector experienced a net outflow of 8.5444 million yuan from institutional investors, while retail investors saw a net outflow of 3.6943 million yuan [2] - Conversely, speculative funds recorded a net inflow of 12.2387 million yuan [2] Individual Stock Capital Flow - Zhengzhong Design (002811) had a net inflow of 11.2 million yuan from institutional investors, but a net outflow of 58.6391 million yuan from speculative funds [3] - Meizhi Co., Ltd. (002856) saw a net inflow of 21.6486 million yuan from institutional investors, with a net outflow of 9.0472 million yuan from speculative funds [3] - Hainan Development (002163) had a net inflow of 59.3333 million yuan from institutional investors, while also experiencing a net outflow from retail investors [3]

来源：市场资讯 有投资者在互动平台向中天精装提问："建议公司以2025年为战略转折年，加速半导体业务落地，同步 推进资本市场沟通，最终实现从'建筑装饰企业'向'半导体科技集团'的华丽转身。" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 针对上述提问，中天精装回应称："尊敬的投资者，您好！2025年是战略转型的重要阶段，公司在平稳 运营装修装饰业务的基础上，保持战略定力、纵深布局半导体产业链，各项经营计划逐步落地，发展情 况稳定向好：公司通过对外投资半导体产业链细分领域优质标的企业，以应用场景为牵引，布局半导体 ABF载板、HBM设计制造、先进封装等环节，半导体业务相关参控股企业发展情况良好。公司同时在 装修装饰业务'一体化服务'、央/国企战略合作等方向积极布局，推进内控革新、组织减负等，2025年前 三季度着力加快资产周转、夯实财务根基，持续改善现金流质量和提升经营效率。公司始终注重并将持 续加强投资者关系管理，及时、准确传递公司经营动态和投资价值，保障投资者权益、增进投资者对公 司的了解。感谢您的关注和支持！" ...

Core Viewpoint - The company Zhongtian Jingzhuang (002989) has significant influence over Kerius with a 27.99% indirect stake and has no plans to transfer this equity [1] Group 1 - The company currently holds a 27.99% indirect stake in Kerius, indicating a significant influence over the latter [1] - There are no plans for the company to transfer its stake in Kerius, suggesting a commitment to maintaining this investment [1] - The company expects no uncontrollable risks to its revenue for 2025 based on current customer cooperation, orders on hand, and future business expansion plans [1] Group 2 - The company expresses determination, confidence, and capability to maintain its listing status and ensure healthy long-term development [1]