Core Viewpoint - The strong performance of Xiangnong Chip Creation's stock, which surged by 71.74% to a closing price of 73.83 yuan, reflects the upward trend in the storage industry and the steady development of China's electronic components industry [1]. Company Summary - Xiangnong Chip Creation focuses on the high-end storage sector, with electronic component distribution as its main revenue source. The company offers data storage devices, control chips, and modules, widely used in cloud computing storage and mobile devices [1]. - In the first half of 2025, Xiangnong Chip Creation reported a revenue of 17.123 billion yuan, a significant year-on-year increase of 119.35%, and a net profit attributable to shareholders of 158 million yuan, up 0.95% year-on-year [1]. Industry Summary - The growth trajectory of Xiangnong Chip Creation mirrors the typical path of Chinese electronic component companies. Originally established in 1998, the company transitioned to the semiconductor industry in 2019 and entered the electronic component distribution sector through the acquisition of United Chuangtai in 2021 [2]. - The global storage industry is entering an upcycle, with major NAND Flash manufacturers planning production cuts of 10%-15% in the first half of 2025. This supply-demand shift, driven by strong demand from AI applications and data centers, is expected to lead to a new pricing cycle in the storage industry [3]. - China's electronic components industry has established a strong foothold in overseas markets, with a projected sales revenue exceeding 2.5 trillion yuan by 2025. The industry benefits from cost advantages, technological advancements, and a complete supply chain [4].

证券代码：300475 证券简称：香农芯创 公告编号：2025-070 香农芯创科技股份有限公司 2025 年第一次临时股东大会决议公告 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、误导性陈述或重大遗漏。 1、本次股东大会无否决议案的情形； 2、本次股东大会不涉及变更前次股东大会决议。 特别提示： 一、会议通知 香农芯创科技股份有限公司（以下简称"公司"）董事会于 2025 年 8 月 27 日在《证券时报》、《证券日报》、《中国证券报》、《上海证券报》和巨潮资 讯网（http://www.cninfo.com.cn）上刊登了《关于召开 2025 年第一次临时股 东大会的通知》（公告编号：2025-064）。 二、会议召开和出席情况 （一）会议召开情况 1、现场会议召开时间：2025 年 9 月 12 日 14:50。 网络投票时间：2025 年 9 月 12 日 9:15 至 15:00。其中，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9月12日9:15-9:25、9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票系统进行网络投票 ...

证券代码：300475 证券简称：香农芯创 公告编号：2025-071 香农芯创科技股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 香农芯创科技股份有限公司（以下简称"公司"或"本公司"，证券简称：香农芯 创，证券代码：300475）股票连续三个交易日内（2025 年 9 月 10 日、2025 年 9 月 11 日、2025 年 9 月 12 日）收盘价格涨幅偏离值累计超过 30%，根据《深圳证券交易所交 易规则》的有关规定，属于股票交易异常波动的情况。 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或者已经对公司股票交易价格产生较大影 响的未公开的重大信息； 3、近期公司经营情况及内外部经营环境未发生重大变化； 4、公司、控股股东及实际控制人不存在关于公司的应披露而未披露的重大事项， 或处于筹划阶段的重大事项； 5、公司控股股东、实际控制人在股票异常波动期间不存在买卖公司股票的情形； 6、公司不存在违反公平信息披露规定的其他情形。 三、是否存在应披露 ...

召开 2025 年第一次临时股东大会的 法律意见书 安徽承义律师事务所 中国.合肥市政务区怀宁路 200 号栢悦中心 5 楼 邮编: 230022 电话（Tel）: （86-551）65609815 传真（Fax）: （86-551）65608051 网址（Website）: www.chengyi-law.com 电子信箱（E-mail）：chengyilawyer@163.com 安徽承义律师事务所 安徽承义律师事务所 关于 香农芯创科技股份有限公司 关于香农芯创科技股份有限公司 召开2025年第一次临时股东大会的法律意见书 （2025）承义法字第 00210 号 致：香农芯创科技股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会规 则》等法律法规和其他规范性文件的要求，安徽承义律师事务所接受香农芯创科技股 份有限公司（以下简称"香农芯创"或"公司"）的委托，指派鲍金桥、万晓宇律师（以 下简称"本律师"）就香农芯创召开 2025 年第一次临时股东大会（以下简称"本次股东 大会"）出具法律意见书。 一、本次股东大会召集人资格和召集、召开的程序 经核查，本次股东大会是由香农芯创 ...

Market Overview - The market experienced a pullback after a rise, with all three major indices closing lower. The Shanghai and Shenzhen markets had a trading volume of 2.52 trillion yuan, an increase of 83.2 billion yuan compared to the previous trading day. Over 3,300 stocks declined, indicating a broad market weakness [1][8]. Sector Performance - The non-ferrous metals sector showed strong performance, with stocks like Shengda Resources and Northern Copper hitting the daily limit. The rise in this sector is attributed to expectations of interest rate cuts by the Federal Reserve, leading to increases in London Metal Exchange (LME) prices for various metals, including aluminum up 2.06% to $2,679.00 per ton and copper up 0.44% to $10,057.00 per ton [2][4]. - The storage chip sector also saw gains, with stocks like Demingli and Jiangbolong performing well. The recovery in the storage industry is driven by limited production capacity and unexpected demand, particularly from data centers, which account for 55% of Micron's revenue [4][6]. Individual Stock Movements - In the storage chip segment, Demingli reached the daily limit, while other stocks like Jingzhida and Xiangnan Chip Innovation also saw significant gains. The positive outlook is supported by increased capital expenditures from cloud computing companies and heightened demand for enterprise storage [4][6]. - In the computing hardware sector, there was notable divergence among stocks, with some like Fangzheng Technology and Jingwang Electronics hitting the daily limit, while others like Xinyi Sheng and Zhongji Xuchuang fell over 4% [6]. Future Market Analysis - The market's recent pullback is seen as a natural correction after a previous rally. The focus remains on maintaining levels above the 5-day moving average, as a failure to do so could indicate a loss of upward momentum. The trading volume needs to increase beyond 2.5 trillion yuan to support a new upward trend [8]. - The technology sector continues to be a leading direction in the market, and the performance of key stocks will significantly influence future market strength. As long as the mid-term trend remains intact, there are opportunities to identify low-entry points during sector rotations [8].

New Stock Issuance - YouSheng Co., Ltd. (Securities Code: 732418) issued shares at a price of 46.36 RMB on September 12, 2025[1] - *ST Tianmao (Securities Code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - *ST Zitian (Securities Code: 300280) enters the delisting arrangement period starting September 15, 2025[1] Trading Alerts - Hangke Technology (Securities Code: 688006) reported severe abnormal fluctuations on September 11, 2025[1] - Shanghai Electric Power (Securities Code: 600021) had a trading volume of 8,487 on September 10, 2025[1] - Tianji Co., Ltd. (Securities Code: 002759) reported a trading volume of 8,705 on September 10, 2025[1] Abnormal Fluctuations - ST Lingnan (Securities Code: 002717) reported a trading volume of 7,965 on September 10, 2025[3] - ST Huaxi (Securities Code: 002630) reported a trading volume of 9,579 on September 11, 2025[3] - ST Jianye (Securities Code: 600381) reported a trading volume of 5,420 on September 3, 2025[3]

Market Overview - The Shanghai Composite Index experienced a high and then retreated, while the ChiNext Index fell over 1%. The storage chip sector saw a significant rise, with companies like Jingzhida and Demingli hitting the daily limit. The non-ferrous metals sector also performed well, with Northern Copper and Shengda Resources reaching their limits. Real estate stocks saw intraday gains, with companies like Rongsheng Development and Huaxia Happiness hitting the daily limit. Conversely, financial stocks such as banks and brokerages declined, with Pudong Development Bank dropping over 3%. Overall, more than 3,300 stocks in the Shanghai, Shenzhen, and Beijing markets were in the red, with a total transaction volume of 2.55 trillion yuan [1]. Daily Highlights Flash Memory - The flash memory concept surged today, with Demingli and Jingzhida hitting the daily limit, and companies like Xiangnong Xinchuan and Zhaoyi Innovation also reaching their limits. Major US storage leaders like Micron and SanDisk saw significant gains overnight. SanDisk announced a 10% price increase for all channels and consumer products, with expectations of further price adjustments in the coming quarters. This price hike is attributed to a shift in supply-demand dynamics, with a potential widening supply gap [4][5]. - Demand for storage is being driven by AI applications and strong demand in data centers, client devices, and mobile sectors. On the supply side, the industry faces tightening conditions, with NAND producers shifting production to next-generation nodes, leading to a shortage of low-density chips. Some suppliers are also struggling to expand production due to financial difficulties. The establishment of Changjiang Storage's third phase project is seen as a significant step towards breaking the monopoly of Samsung and SK Hynix in the NAND market, which could enhance the growth of domestic semiconductor equipment and materials [6]. Non-Ferrous Metals - The non-ferrous metals sector saw a strong performance, with companies like Jushen Co. and Northern Copper hitting their limits. The market anticipates a 89% probability of a 25 basis point rate cut by the Federal Reserve in September, with expectations of a total of three rate cuts this year. This environment of liquidity easing is expected to benefit industrial metal prices [7][9][10]. - The domestic manufacturing PMI slightly improved to 49.4% in August, indicating a marginal recovery in economic activity. As the traditional peak season approaches, downstream processing enterprises are increasing their operating rates, while supply-side factors such as maintenance at smelting plants may lead to a decrease in production, potentially accelerating the destocking of industrial metals [9]. Film and Entertainment - The film and entertainment sector showed strength today, with companies like Jinyi Film and China Film hitting their limits. As of September 12, a total of 10 films have been scheduled for release during the 2025 National Day holiday, indicating a robust pipeline for the industry [11][12].

Market Overview - The other electronics sector increased by 2.83% on September 12, with Xiangnon Chip leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Xiangnon Chip (300475) closed at 76.69, with a significant increase of 18.88% and a trading volume of 645,100 shares [1] - Tai Long Co. (300650) saw a rise of 6.90%, closing at 16.73 with a trading volume of 231,500 shares [1] - Other notable performers include Xuguang Electronics (600353) up 5.46%, Yachuang Electronics (301099) up 4.54%, and Ying Tang Zhi Kong (300131) up 4.39% [1] Capital Flow - The other electronics sector experienced a net inflow of 329 million yuan from main funds, while retail funds saw a net outflow of 66.97 million yuan [2][3] - Main funds showed a positive net inflow in stocks like Xiangnon Chip and Xuguang Electronics, while retail investors withdrew from several stocks [2][3] Detailed Stock Data - Xiangnon Chip had a main fund net inflow of 24.7 million yuan, while retail funds saw a net outflow of 160 million yuan [3] - Xuguang Electronics had a main fund net inflow of 187 million yuan, with retail funds also experiencing a net outflow of 168 million yuan [3] - Other stocks like Yachuang Electronics and Tai Long Co. also showed mixed capital flows, with varying levels of net inflows and outflows from different investor categories [3]

每经AI快讯，9月12日，香农芯创涨停走出2连板，2天累计涨幅达43.99%。 （文章来源：每日经济新闻） ...

Group 1 - The storage chip sector in the A-share market experienced significant gains, with several companies reaching their daily limit up [1] - Notable performers included Jingzhida with a 20% increase, Shannong Xinchuan up over 17%, and Jiangbolong rising over 15% [1][2] - Other companies such as Tongyou Technology, Pulang Co., Beijing Junzheng, and Baiwei Storage also saw substantial increases, ranging from 10% to 13% [1][2] Group 2 - The total market capitalization of Jingzhida is 12.6 billion, with a year-to-date increase of 84.54% [2] - Shannong Xinchuan has a market cap of 35.1 billion and a year-to-date increase of 166.48% [2] - Jiangbolong's market cap stands at 47.1 billion, with a year-to-date increase of 30.62% [2]