Group 1 - The core point of the news is the decline in the stock price of Changxin Bochuang, which has dropped 5.08% to 109.83 CNY per share, with a total market capitalization of 31.972 billion CNY and a cumulative decline of 9.71% over three days [1] - Changxin Bochuang Technology Co., Ltd. is located in Jiaxing, Zhejiang Province, and was established on July 8, 2003. The company specializes in the research, production, and sales of integrated optoelectronic devices in the optical communication field [1] - The main business revenue composition of Changxin Bochuang includes 81.36% from data communication, consumer and industrial interconnection markets, 18.46% from the telecommunications market, and 0.18% from other sources [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Wan Jia Fund holds a significant position in Changxin Bochuang, with 71,000 shares held in the Wan Jia Automotive New Trend Mixed A fund, accounting for 4.01% of the fund's net value [2] - The estimated floating loss for the fund today is approximately 417,500 CNY, with a total floating loss of 884,000 CNY during the three-day decline [2] - The Wan Jia Automotive New Trend Mixed A fund was established on October 23, 2019, with a latest scale of 79.7025 million CNY and has achieved a year-to-date return of 54.78% [2] Group 3 - The fund manager of Wan Jia Automotive New Trend Mixed A is Geng Jiazhu, who has been in the position for 5 years and 137 days, with a total asset scale of 3.706 billion CNY [3] - During Geng Jiazhu's tenure, the best fund return was 172.54%, while the worst return was 13.17% [3]

Group 1 - The CPO concept stocks in the A-share market opened lower collectively, with significant declines observed in several companies [1] - Guangku Technology and Tianfu Communication both dropped over 5%, while Zhongji Xuchuang and Cambridge Technology fell over 4% [1] - Other companies such as Jingwang Electronics, Zhongfu Circuit, Guangxun Technology, Shijia Photon, and Changxin Bochuang experienced declines exceeding 3% [1] Group 2 - Guangku Technology reported a decline of 5.56%, with a total market value of 31.9 billion and a year-to-date increase of 164.25% [2] - Tianfu Communication saw a decrease of 5.04%, with a market capitalization of 140.1 billion and a year-to-date increase of 178.51% [2] - Zhongji Xuchuang experienced a drop of 4.21%, with a market value of 462.2 billion and a year-to-date increase of 238.17% [2]

Core Viewpoint - Longxin Bochuang's stock price has shown significant growth this year, with a year-to-date increase of 171.06%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Longxin Bochuang reported a revenue of 1.2 billion yuan, representing a year-on-year growth of 59.54% [2]. - The net profit attributable to shareholders for the same period was 168 million yuan, reflecting a remarkable year-on-year increase of 1121.21% [2]. Stock Market Activity - As of September 23, Longxin Bochuang's stock was trading at 125.58 yuan per share, with a market capitalization of 36.557 billion yuan [1]. - The stock experienced a net outflow of 65.5846 million yuan in principal funds, with large orders showing a buy of 210 million yuan and a sell of 241 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders for Longxin Bochuang was 42,500, a decrease of 13.81% from the previous period [2]. - The average number of circulating shares per shareholder increased by 16.83% to 6,331 shares [2]. Dividend Distribution - Longxin Bochuang has distributed a total of 219 million yuan in dividends since its A-share listing, with 104 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, increasing its holdings by 2.0556 million shares to 6.2375 million shares [3]. - New institutional shareholders include Caitong Value Momentum Mixed A and Caitong Asset Management Digital Economy Mixed Initiated A, which entered the top ten circulating shareholders [3].

Group 1 - On September 19, Changxin Bochuang executed a block trade of 48,000 shares, with a transaction amount of 5.2133 million yuan, accounting for 0.13% of the total transaction volume for the day [1][2] - The transaction price was 108.61 yuan, representing a discount of 15.15% compared to the market closing price of 128 yuan [1][2]

Group 1 - The F5G concept sector increased by 1.45%, leading the concept sectors in terms of growth, with 19 stocks rising, including Dekoli which hit a 20% limit up, and others like Fenghuo Communication and Hengtong Optic-Electric also reaching the limit up [1][2] - The top gainers in the F5G concept include Changxin Bochuang, Zhongbei Communication, and Yihua Co., which rose by 6.54%, 5.80%, and 5.09% respectively [1][2] - The sector saw a net inflow of 2.39 billion yuan from main funds, with 18 stocks receiving net inflows, and 6 stocks exceeding 100 million yuan in net inflow, led by Hengtong Optic-Electric with 1.172 billion yuan [2][3] Group 2 - The top three stocks by net inflow ratio in the F5G concept are Hengtong Optic-Electric, Fenghuo Communication, and Zhongbei Communication, with net inflow ratios of 28.24%, 23.63%, and 13.96% respectively [3] - The trading volume and turnover rates for the top stocks in the F5G concept indicate strong investor interest, with Hengtong Optic-Electric showing a turnover rate of 7.74% and Changxin Bochuang at 13.55% [3][4] - The overall market performance for the F5G concept is contrasted by declines in other sectors, such as lead and zinc, which fell by 3.94% and 3.88% respectively [2][5]

Group 1 - The optical fiber concept index rose by 0.74%, ranking 7th among concept sectors, with 33 stocks increasing in value, including Hangzhou Dianzi, FiberHome, and Hengtong Optic-Electric reaching the daily limit [1] - Notable gainers in the optical fiber sector included Guangku Technology, Zhongtian Technology, and Changxin Bochuang, which rose by 15.00%, 6.97%, and 6.54% respectively [1] - The largest declines were seen in Yongding Co., Yunnan Zhiyuan, and Chihong Zn & Ge, which fell by 8.20%, 4.43%, and 4.00% respectively [1] Group 2 - The optical fiber sector experienced a net inflow of 2.584 billion yuan, with 29 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflows [2] - Hengtong Optic-Electric led the net inflow with 1.172 billion yuan, followed by FiberHome, Zhongtian Technology, and Changxin Bochuang with net inflows of 1.012 billion yuan, 786 million yuan, and 356 million yuan respectively [2] - The net inflow ratios for Hengtong Optic-Electric, FiberHome, and Zhongbei Communication were 28.24%, 23.63%, and 13.96% respectively [3] Group 3 - The optical fiber sector's performance was highlighted by significant trading volumes, with Hengtong Optic-Electric and FiberHome showing high turnover rates of 7.74% and 13.00% respectively [3] - Other notable stocks included Guangku Technology with a 15.00% increase and a turnover rate of 17.50%, indicating strong investor interest [3] - The overall market sentiment for the optical fiber sector appears positive, as evidenced by the substantial net inflows and stock performance [2][3]

Group 1 - The copper cable high-speed connection concept increased by 2.18%, ranking third among concept sectors, with 32 stocks rising, including HuiLv Ecology and LuXiao Technology hitting the daily limit [1][2] - Leading stocks in the sector included ChangYing Precision, ShengLan Co., and YiDong Electronics, which rose by 12.44%, 12.07%, and 8.21% respectively [1][2] - The sector experienced a net outflow of 275 million yuan from main funds, with 24 stocks seeing net inflows, and 7 stocks receiving over 50 million yuan in net inflows [2][3] Group 2 - LuXiao Technology had the highest net inflow of main funds at 427 million yuan, followed by ChangXin BoChuang and WoEr Nuclear Materials with net inflows of 276 million yuan and 170 million yuan respectively [2][3] - The net inflow ratios for LuXiao Technology, HuiLv Ecology, and ZhongHang Optoelectronics were 41.74%, 15.87%, and 10.17% respectively [3] - Stocks with significant increases included ChangYing Precision and ShengLan Co., which had turnover rates of 18.89% and 17.90% respectively [4]

Core Viewpoint - Longxin Bochuang has shown significant stock performance with a year-to-date increase of 157.31%, indicating strong market interest and potential growth in the optical communication sector [1][2]. Company Overview - Longxin Bochuang Technology Co., Ltd. is located in Jiaxing, Zhejiang Province, established on July 8, 2003, and listed on October 12, 2016. The company specializes in the research, production, and sales of integrated optoelectronic devices in the optical communication field [1]. - The main business revenue composition includes 81.36% from data communication, consumer and industrial interconnection markets, 18.46% from the telecommunications market, and 0.18% from other sources [1]. Financial Performance - For the first half of 2025, Longxin Bochuang achieved operating revenue of 1.2 billion yuan, a year-on-year increase of 59.54%, and a net profit attributable to shareholders of 168 million yuan, reflecting a substantial year-on-year growth of 1121.21% [2]. - Cumulative cash dividends since the A-share listing amount to 219 million yuan, with 104 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 13.81% to 42,500, while the average circulating shares per person increased by 16.83% to 6,331 shares [2]. - Notable changes in institutional holdings include Hong Kong Central Clearing Limited as the fifth-largest shareholder, increasing its stake by 2.06 million shares, and new entries from two funds, indicating growing institutional interest [3].

Group 1 - The company Changxin Bochuang (300548) announced a change in its investor relations management by updating its email address to stock@everprox.com [1]

法律意见书 二〇二五年九月 北京市中伦律师事务所 关于长芯博创科技股份有限公司 2025 年第三次临时股东会的 北京市中伦律师事务所关于长芯博创科技股份有限公司 2025 年第三次临时股东会的法律意见书 北京市中伦律师事务所 关于长芯博创科技股份有限公司 2025 年第三次临时股东会的 法律意见书 致：长芯博创科技股份有限公司 北京市中伦律师事务所（以下简称"本所"）作为长芯博创科技股份有限公 司（以下简称"公司"）的法律顾问，受公司委托，指派本所律师出席公司 2025 年第三次临时股东会（以下简称"本次股东会"），对本次股东会的相关事项进行 见证并出具法律意见。 本所及本所律师依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《律师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规 则（试行）》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格 履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意见合法、准 确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 本法律意见书根据《中华人民 ...