关于拟以公开摘牌方式受让控股子公司少数股东股权 暨关联交易的公告 本公司及全体董事会成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300604 证券简称：长川科技 公告编号：2025-081 杭州长川科技股份有限公司 3、公司能否摘牌成功以及最终交易价格均存在不确定性，公司将根据后续进 展情况及时履行信息披露义务，敬请广大投资者注意投资风险。 4、本次交易已经公司第四届董事会独立董事专门会议2025 年第四次会议、第 四届董事会第十四次会议、第四届监事会第十四次会议审议通过。本次交易尚需公 司股东大会审议通过。 一、关联交易概述 （一）基本情况 大基金二期拟通过公开挂牌方式转让其持有的长川制造 33.3333%股权，公 司拟通过公开摘牌方式受让大基金二期持有的长川制造 33.3333%股权。公司第 四届董事会第十四次会议审议通过了《关于拟以公开摘牌方式受让控股子公司少 数股东股权暨关联交易的议案》，同意公司以公开摘牌方式受让国家集成电路产 业投资基金二期股份有限公司持有的公司控股子公司杭州长川智能制造有限公 司 33.3333%股权，交易底价为 46,287 万元（ ...

为健全和完善公司利润分配政策，建立科学、持续、稳定的分红决策 和监督机制，积极回报股东，引导投资者树立长期投资和理性投资的理念， 根据中国证监会《上市公司监管指引第3号—上市公司现金分红》等相关 文件规定及《杭州长川科技股份有限公司章程》（以下简称《公司章程》）， 结合公司实际情况，特制定公司未来三年（2025-2027年）股东回报规划 （以下简称"本规划"）。 （一）利润分配原则 公司充分考虑对投资者的回报，每年按公司当年实现的可供分配利润 的一定比例向股东分配股利，公司利润分配政策的基本原则为： 1、公司的利润分配政策保持连续性和稳定性，重视对投资者的合理投 资回报，兼顾全体股东的整体利益及公司的可持续发展； 2、公司对利润分配政策的决策和论证应当充分考虑独立董事和公众投 资者的意见； 3、公司优先采用现金分红的利润分配方式。 公司着眼于长远、可持续的发展，综合考虑公司实际情况、发展战略 规划以及行业发展趋势，按照《中华人民共和国公司法》（以下简称《公 司法》）《中华人民共和国证券法》（以下简称《证券法》）以及中国证 券监督管理委员会、深圳证券交易所有关规定，建立对投资者科学、持续、 稳定的回报规划与机制 ...

重要提示： 1、本次股东大会无增加、变更、否决提案的情况； 2、本次股东大会以现场投票和网络投票相结合的方式召开。 一、召开会议的基本情况 1、股东大会届次：2025 年第三次临时股东大会 2、股东大会的召集人：董事会 杭州长川科技股份有限公司 关于召开 2025 年第三次临时股东大会的通知 证券代码：300604 证券简称：长川科技 公告编号：2025-083 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业 板上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 31 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 31 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 12 月 31 日 ...

证券代码：300604 证券简称：长川科技 公告编号：2025-080 杭州长川科技股份有限公司 第四届监事会第十四次会议决议的公告 二、监事会会议审议情况 全体监事经认真审议和表决，形成以下决议： 1、审议通过《关于拟以公开摘牌方式受让控股子公司少数股东股权暨关联 交易的议案》 经审核，监事会同意公司以公开摘牌方式受让国家集成电路产业投资基金二 期股份有限公司持有的公司控股子公司杭州长川智能制造有限公司 33.3333%股 权，交易底价为 46,287 万元（最终参与摘牌估值不低于国资评估备案结果）。 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的《关 于拟以公开摘牌方式受让控股子公司少数股东股权暨关联交易的公告》。 本议案尚需提交公司股东大会审议。 表决结果：3票同意、0票反对、0票弃权。 2、审议通过《关于取消监事会、修订<公司章程>的议案》 本公司监事会及全体监事会成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 杭州长川科技股份有限公司第四届监事会第十三次会议于 2025 年 12 月 15 日在公司会议室召开。会议 ...

证券代码：300604 证券简称：长川科技 公告编号：2025-079 杭州长川科技股份有限公司 第四届董事会第十四次会议决议的公告 本公司及全体董事会成员保证信息披露内容的真实、准确、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 杭州长川科技股份有限公司（以下简称"公司"）第四届董事会第十四次会 议于 2025 年 12 月 15 日在公司会议室召开。会议通知已于 2025 年 12 月 5 日以 电邮、传真等形式向全体董事发出。会议采取现场和通讯方式进行表决，会议应 参加表决董事 9 人，实际参加表决 9 人。本次会议由董事长赵轶先生召集并主持， 公司高管和监事列席了会议。本次会议的召集、召开符合《中华人民共和国公司 法》《杭州长川科技股份有限公司章程》的有关规定。 二、董事会会议审议情况 经与会董事审议并表决，通过了如下议案： 1、审议通过《关于拟以公开摘牌方式受让控股子公司少数股东股权暨关联 交易的议案》 同意公司以公开摘牌方式受让国家集成电路产业投资基金二期股份有限公 司持有的公司控股子公司杭州长川智能制造有限公司 33.3333%股权，交易底价 为 46,287 万元（最终 ...

Core Insights - The mechanical industry is showing signs of recovery after three years of stagnation, with nominal GDP growth beginning to rise since Q4 2024, positively impacting the mechanical sector [17] - Domestic demand is weak while external demand is strong, particularly in the engineering machinery sector, where exports are gradually increasing due to improvements in the European and American markets [17][19] - The investment landscape is shifting towards overseas expansion and new industries, with a focus on automation and sectors supported by government subsidies [17][19] Industry Overview - The mechanical industry is experiencing a dual trend of weak domestic demand and strong external demand, with engineering machinery showing signs of recovery but still facing a fragile foundation [17] - Domestic investment in real estate continues to decline, with a 14.7% year-on-year drop in real estate development investment from January to October 2025, while infrastructure investment growth has also slowed significantly [19][23] - The overall investment environment is expected to stabilize as the gap between domestic and foreign demand narrows, with structural opportunities in infrastructure projects like water conservancy and high-standard farmland construction [23] 2026 Domestic Outlook - The investment gap is expected to narrow, with infrastructure investment declining from high levels and real estate investment under pressure, leading to a focus on structural opportunities [19][23] - Manufacturing investment is crucial, with the core focus on PPI and inventory levels, as domestic manufacturing orders remain sluggish [26][28] - The expectation is that PPI will improve in 2026, driven by factors such as reduced internal competition and improved domestic demand [28] 2026 Overseas Outlook - The downward trend in interest rates is a significant macro narrative, with the U.S. and Europe entering a phase of fiscal expansion, which is expected to benefit Chinese manufacturing [29][38] - The global inventory levels are at historical lows, which could lead to a new investment cycle as demand recovers [35] - The second wave of globalization for Chinese manufacturing is anticipated, driven by fiscal expansion in the U.S. and Europe, and a recovery in industrial product demand [38][40] Stock Selection Strategy - The stock selection strategy for 2026 focuses on two main themes: benefiting from overseas expansion and new industries, particularly in sectors like engineering machinery and specialized equipment [44] - Key sectors include engineering machinery, shipbuilding, and high-tech equipment, with a focus on companies that are expected to maintain stable performance and low valuations [44] - Emerging industries such as AI equipment, lithium battery production, and semiconductor manufacturing are highlighted as areas of significant opportunity [44][45] Investment Recommendations - Recommended stocks include SANY Heavy Industry, XCMG, and China Shipbuilding, which are expected to perform well in the current market environment [7] - Companies in the AI and semiconductor sectors, such as Longchuan Technology and Zhongwei Company, are also recommended due to their growth potential [7] - Future-oriented assets like humanoid robots and controllable nuclear fusion are noted as areas to watch for significant industry changes [7][45]

Core Insights - The National Big Fund concept stock rose by 2.81%, ranking 6th among concept sectors, with 41 stocks increasing in value, led by Yandong Microelectronics, Saiwei Electronics, and Zhongke Feicai, which rose by 16.84%, 11.52%, and 10.63% respectively [1][2] Group 1: Market Performance - The National Big Fund concept sector saw a net inflow of 767 million yuan, with 24 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflow [2] - The top net inflow stock was Shengke Communication, with a net inflow of 278 million yuan, followed by Jiangbolong, Zhongke International, and Changchuan Technology with net inflows of 246 million yuan, 215 million yuan, and 198 million yuan respectively [2][3] Group 2: Stock Performance - The stocks with the highest net inflow ratios included Shengke Communication at 20.59%, Jingrui Electric Materials at 6.43%, and Nanda Optoelectronics at 5.57% [3] - Notable performers in the National Big Fund concept included Shengke Communication (2.57% increase), Jiangbolong (2.53% increase), and Zhongke International (2.81% increase) [3][4] Group 3: Declining Stocks - The stocks with the largest declines included Huahong Company, which fell by 1.25%, Hushi Silicon Industry by 1.22%, and Xi'an Yicai by 0.93% [1][5] - Other notable declines were seen in Zhongwei Company (4.29% increase) and Hushi Silicon Industry (1.22% decrease) [5]

Group 1 - OpenAI has launched its latest top model, GPT-5.2 series, which is claimed to be the strongest model for professional knowledge work, showing significant improvements in benchmark tests [3][5] - Google has responded by introducing the Gemini Deep Research Agent, designed for long-term content collection and optimization, with a 40% reduction in hallucination rates, marking it as Google's most factually accurate model to date [5][6] - The semiconductor equipment ETF (159516) has seen a net inflow of over 140 million yuan in the past five days, with a year-to-date share growth of over 160%, currently reaching a scale of over 6.4 billion yuan, leading its category [1][8] Group 2 - The global AI wave is driving high demand for advanced computing power, making "domestic substitution and self-control" a necessity for the domestic semiconductor industry, creating a resilient domestic market [6][7] - The importance of semiconductor equipment has significantly increased, benefiting from the expansion of advanced processes and storage, presenting investment opportunities in the semiconductor equipment ETF (159516) [8][9] - The semiconductor equipment ETF (159516) tracks the CSI semiconductor materials and equipment theme index, effectively representing the fundamental progress in the equipment and materials sector [8]

证券日报网讯12月10日，长川科技（300604）在互动平台回答投资者提问时表示，目前市场需求旺盛， 公司订单充足，生产经营情况一切正常。 ...

Group 1 - The report highlights that the global semiconductor industry is experiencing a significant cycle driven by AI, with China's semiconductor sector benefiting from this trend and policy guidance, leading to a potential for a fully self-sufficient integrated circuit industry [6][18][27] - The AI market is projected to grow at a compound annual growth rate (CAGR) of 56.3% over the next five years, with the global semiconductor market expected to exceed $1 trillion by 2030, particularly in the server, data center, and storage sectors [6][14][18] - Domestic demand for advanced logic foundry services is expected to reach 71,200 wafers per month by 2028, indicating a significant supply-demand gap in China's advanced logic foundry capacity [7][32][45] Group 2 - The report anticipates a new pricing cycle in the global storage market driven by AI, with domestic storage manufacturers expected to play a leading role in capacity expansion [49][50][61] - The demand for DRAM and NAND is projected to grow significantly, with DRAM bit demand expected to increase by 17-19% and NAND bit demand by 18-20% in the coming years [58][59] - Major storage manufacturers are focusing on technology upgrades and capacity control, which may lead to a supply-demand gap, benefiting domestic manufacturers like Changxin Storage and Yangtze Memory Technologies [61][68] Group 3 - The report emphasizes the importance of domestic semiconductor equipment investment, with a projected market size of $389 billion in China by 2025, leading the global market [81][86] - The expansion of advanced nodes in domestic semiconductor manufacturing is expected to enter a high prosperity phase, with significant capital expenditure planned for the coming years [81][86] - The report suggests that companies with high exposure to storage will outperform, drawing parallels to previous cycles where equipment companies saw substantial stock price increases [72][86]