| | 地 | | | | 信 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 301237 | 和顺科 | 7504.96 | 92.77 | 301528 | 多浦乐 | 8729.03 | -26.07 | | | 技 | | | | | | | | 301498 | 乖宝宠 物 | 15622.48 | 87.43 | 301319 | 唯特偶 | 9789.41 | -23.90 | | 301526 | 国际复 | 27103.50 | 83.47 | 300414 | 中光防 | | | | | 材 | | | | 雷 | 14886.03 | -22.98 | | 301037 | 保立佳 | 3052.71 | 83.25 | 301588 | 美新科 技 | 3781.61 | -21.64 | | 301286 | 侨源股 | 10207.53 | 80.54 | 300988 | 津荣天 | 9971.73 | -20.94 | | | 份 | | | | 宇 | | | | 301119 | 正强股 | 8609.6 ...

| 日期 | 两融余额（亿元） | 环比增减（亿元） | 融资余额（亿元） | 环比增减（亿元） | | --- | --- | --- | --- | --- | | 2025.07.17 | 3728.20 | 24.75 | 3716.73 | 24.49 | | 2025.07.16 | 3703.45 | 8.32 | 3692.24 | 8.32 | | 2025.07.15 | 3695.13 | 9.46 | 3683.92 | 9.27 | | 2025.07.14 | 3685.68 | 30.20 | 3674.64 | 30.28 | | 2025.07.11 | 3655.47 | 1.49 | 3644.36 | 1.25 | | 2025.07.10 | 3653.98 | 18.74 | 3643.11 | 18.81 | | 2025.07.09 | 3635.24 | 8.83 | 3624.30 | 8.63 | | 2025.07.08 | 3626.42 | 15.01 | 3615.67 | 14.73 | | 2025.07.07 | 3611.41 | 8.77 ...

| 代码 | 简称 | 最新融资余额（万 | 其间增减 | 代码 | 简称 | 最新融资余额 | 其间增减 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 元） | （%） | | | （万元） | （%） | | 300395 | 菲利华 | 30261.02 | 227.29 | 300327 | 中颖电 子 | 54685.32 | -33.38 | | 301183 | 东田微 | 42345.74 | 185.91 | 301173 | 毓恬冠 佳 | 3384.70 | -30.90 | | 301529 | 福赛科 技 | 12325.18 | 161.23 | 300870 | 欧陆通 | 40275.38 | -28.70 | | 301010 | 晶雪节 | 5736.01 | 122.87 | 301139 | 元道通 | 11889.23 | -27.77 | | | 能 | | | | 信 | | | | 301658 | 首航新 能 | 12668.14 | 104.19 | 301148 | 嘉戎技 术 | 10 ...

7月16日，政策红利持续发酵，港A创新药板块掀起一波大涨行情。 A股方面，创新药板块迎来涨停潮。截至发稿，联环药业延续强势，8天内斩获6个涨停板；广生堂涨超 16%、我武生物涨近15%。 此外，哈三联、润都股份、万邦德、丽珠集团、力生制药、千红制药、亚太药业涨停，奥赛康、贝达药 业、华海药业等纷纷跟涨。 | 代码 | 名称 | 现价 | 涨跌 | 涨幅� | | --- | --- | --- | --- | --- | | 300436 广生堂 | | 74.82 | +10.58 | +16.42% | | 300327 | 我武生物 | 24.80 | +3.23 | +14.97% | | 002900 哈三联 | | 15.57 | | +1.42 +10.04% | | 002923 | 润都股份 | 13.17 | | +1.20 +10.03% | | 002082 | 万邦德 | 8.57 | | +0.78 +10.01% | | 000513 | 胭珠集团 | 42.47 | | +3.86 +10.00% | | 002393 | 力生制药 | 23.88 | +2.17 | +10. ...

Core Viewpoint - The China Securities High-tech Enterprises Index has shown significant growth, with a year-to-date increase of 14.50% and a recent monthly rise of 1.56% [1][2] Group 1: Index Performance - The China Securities High-tech Enterprises Index reported a value of 2841.47 points [1] - The index has increased by 12.99% over the last three months [1] - The index is based on the top 50 listed companies with the highest R&D expense to revenue ratio over the past three years [1] Group 2: Index Composition - The top ten weighted companies in the index include Guangshentang (1.62%), Microchip Biotech (1.29%), and Baipusais (1.24%) among others [1] - The index is composed of 50.71% from the Shenzhen Stock Exchange and 49.29% from the Shanghai Stock Exchange [1] Group 3: Industry Breakdown - The index's sample composition shows that Information Technology accounts for 64.19%, followed by Healthcare at 21.78% [2] - Other sectors include Industrial (9.08%), Communication Services (3.03%), Financials (1.05%), and Consumer Discretionary (0.88%) [2] Group 4: Sample Adjustment - The index samples are adjusted annually, with changes implemented on the next trading day after the second Friday of June [2] - Sample adjustments typically do not exceed 30% of the total [2] - Special circumstances may lead to temporary adjustments, such as delisting or corporate actions like mergers [2]

Core Viewpoint - Zhongying Electronics' BMIC is compatible with solid-state battery scenarios, but the company does not manufacture solid-state batteries [1] Group 1 - Zhongying Electronics confirmed on an interactive platform that its BMIC can adapt to solid-state battery applications [1] - The company clarified that it does not produce solid-state batteries [1]

以下文章来源于投中网 ，作者杨博宇 投中网 . 投中网是领先的创新经济信息服务平台，拥有立体化传播矩阵，为创新经济人群提供深入、独到的智识 和洞见，在私募股权投资行业和创新商业领域拥有权威影响力。官网：www.chinaventure.com.cn 我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 本文转自公众号：投中网 （ID：China-Venture） 中颖电子是国内MCU （工业控制微控制器芯片） 龙头企业，主要产品应用在家电等领域。而致能工电 则是一家聚焦在工业及汽车芯片领域的企业集团。两家公司的"联姻"，将向工业及汽车MCU领域 进行拓展。 不过更值得关注的是致能工电的"身世"。它是上海国资、徐州国资和武岳峰科创合作设立的产业 平台。本身的产业业务占比并不高，但是在武岳峰的操盘下，连续收购、参投7家半导体公司，构 建起了一个庞大的产业集团。致能工电也被一些业内人士视为一家产投平台。 PE/VC通过掌控一家产业平台来进行整合、并购，在目前行业内并不常见。但我们发现武岳峰、 临芯资本等都在作此尝试。虽然路径各有 ...

证券代码：300327 证券简称：中颖电子 公告编号：2025-031 中颖电子股份有限公司 2024 年年度权益分派实施公告 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。 特别提示： 1、中颖电子股份有限公司（以下简称 "公司"） 2024年年度权益分派方 案已获2025年5月19日召开的2024年年度股东大会审议通过，具体内容为：以公 司现有总股本341,389,229股剔除已回购股份1,912,435股后的339,476,794股为 基数，向全体股东每10股派2.0元人民币现金（含税），合计派发现金红利 67,895,358.80元（含税），不送红股，不以资本公积金转增股本。根据《公司法》 和《深圳证券交易所上市公司自律监管指引第9号--回购股份》的相关规定，回 购专用账户中的股份不享有利润分配权利，因此，公司回购专用账户中的回购股 份1,912,435股不参与本次权益分派。 2、按公司总股本折算每10股现金红利金额计算如下： 按公司总股本折算每10股现金分红=本次实际现金分红总额/公司总股本*10 股=67,895,358.80元/341,389,2 ...

Core Viewpoint - The article discusses the recent trend of mergers and acquisitions in the semiconductor industry, highlighting a notable case where a PE/VC-backed industrial platform is initiating acquisitions, indicating a shift in investment strategies within the sector [4][5][22]. Group 1: Mergers and Acquisitions in the Semiconductor Industry - Following the release of the "six merger rules" by the China Securities Regulatory Commission on September 24, 2022, merger activities across the country have been increasing, particularly in the semiconductor sector [4]. - Notable transactions include Shanghai Semiconductor Company Jingfeng Mingyuan's acquisition of Yichong Technology and the acquisition of Chengdu Ruicheng Micro by GeLun Electronics, showcasing a flourishing trend of mergers in the semiconductor supply chain [4]. - The acquisition of 900 billion market cap Haiguang Information by Zhongke Shuguang is another significant example of this trend [4]. Group 2: Case Study of Zhongying Electronics - Zhongying Electronics announced a share transfer agreement with Zhinen Industrial, where a total of 14.20% of the company's shares will be transferred at a price of 25.677 yuan per share, totaling approximately 1.245 billion yuan [5][8]. - After the transaction, Zhinen Industrial will control 23.4% of the voting rights in Zhongying Electronics, marking a significant change in control from the founder to the new entity [9]. - The founder, aged 67, is cashing out with a 20% premium over the stock price prior to the suspension, indicating a smooth transition in governance [9][10]. Group 3: Financial Performance of Zhongying Electronics - Zhongying Electronics has experienced a decline in revenue, with projected revenues of 1.602 billion yuan, 1.3 billion yuan, and 1.343 billion yuan from 2022 to 2024, respectively [11]. - The net profit attributable to shareholders is also declining, with figures of 323 million yuan, 186 million yuan, and 134 million yuan for the same period, reflecting a downward trend [11]. - The company's gross margin has dropped to 33.6% in 2024, the lowest in 17 years, further indicating financial struggles [11]. Group 4: Zhinen Industrial's Background and Strategy - Zhinen Industrial, established in December 2020, is primarily focused on the industrial and automotive chip sectors, having invested in seven semiconductor companies [14][20]. - The company is currently in a growth phase, with a revenue of 206 million yuan projected for 2024, but it is still operating at a loss in its main business [16][17]. - The investment strategy of Zhinen Industrial is characterized by significant stakes in companies, often seeking control or substantial influence [20]. Group 5: Investment Trends in the Semiconductor Sector - The article highlights a broader trend where investment firms like Wuyuefeng are moving towards a company model for managing investments, allowing for longer-term engagement and integration in the semiconductor industry [24][25]. - This shift is seen as a response to the complexities of mergers and acquisitions, where traditional fund structures may not align interests effectively [24]. - The emergence of various investment strategies, including direct operational involvement in companies, reflects a changing landscape in semiconductor investments [26][27].

Core Viewpoint - The article discusses the recent surge in mergers and acquisitions (M&A) within the semiconductor industry in China, highlighting significant transactions and the emergence of private equity (PE) and venture capital (VC) firms utilizing industrial platforms for M&A activities [1][2][3]. Group 1: M&A Activities in the Semiconductor Industry - Shanghai Semiconductor Company Jingfeng Mingyuan announced its acquisition of control over Yichong Technology [2]. - Geelong Electronics declared its intention to purchase Chengdu Ruicheng Micro's equity [2]. - Haiguang Information, with a market value of 300 billion, initiated a takeover of Zhongke Shuguang valued at 90 billion [2]. - The semiconductor industry is experiencing a phase of extensive consolidation with multiple notable transactions [2]. Group 2: Case Study of Zhongying Electronics and Zhineng Industrial - Zhongying Electronics' major shareholder, Weilang International, and Win Channel Ltd. signed a share transfer agreement to transfer a total of 14.20% of the company's shares to Zhineng Industrial at a price of 25.677 yuan per share, totaling approximately 1.245 billion yuan [4][8]. - After the transaction, Zhineng Industrial will control 23.4% of Zhongying Electronics' voting rights [9]. - The transaction indicates a shift in control from the founder, Fu Qiming, to Zhineng Industrial, which is viewed as an industrial investment platform [10][11]. Group 3: Financial Performance and Market Position of Zhongying Electronics - Zhongying Electronics has seen a decline in revenue from 16.02 billion yuan in 2022 to an estimated 13.43 billion yuan in 2024, with net profits decreasing significantly [15]. - The company's gross margin has dropped to 33.6% in 2024, marking a 17-year low, with further decline to 32.1% in the first quarter of the current year [15]. - The primary revenue source, industrial MCU for white goods, accounts for 81% of total revenue, indicating limited growth potential due to market saturation [15][17]. Group 4: Zhineng Industrial's Investment Strategy - Zhineng Industrial, established in December 2020, has invested in at least seven semiconductor companies, focusing on industrial and automotive chip sectors [19][24]. - The company reported a revenue of 206 million yuan in 2024, with a significant portion of profits derived from investment gains rather than core operations [22]. - Zhineng Industrial's strategy involves acquiring controlling stakes in semiconductor firms, enhancing its influence across various sectors including automotive and industrial applications [29]. Group 5: Investment Trends and Industry Dynamics - The article notes a trend where PE/VC firms are increasingly taking control of industrial platforms to facilitate M&A, with notable examples including Wuyuefeng and Linxin Capital [7][33]. - This approach allows for long-term management and integration of acquired companies, contrasting with traditional fund management models [32]. - The shift towards a founder-led investment model is seen as a response to the challenges of the semiconductor industry's evolving landscape [39][40].