Market Performance - A-shares showed mixed performance with the Shanghai Composite Index down 1.16% closing at 3813.56 points, and the Shenzhen Component Index down 0.65% at 12472.00 points, while the ChiNext Index rose 0.95% to 2899.37 points [1] - The trading volume in the Shanghai and Shenzhen markets was 236.41 billion, a significant decrease of 51.09 billion compared to the previous day [1] Semiconductor Sector - The semiconductor sector performed poorly, with 117 selected companies showing that 20 companies' market values increased, led by Jianghua Micro, Zhichun Technology, and Tongfu Microelectronics, while 95 companies' market values decreased, with Beidou Star, Youyan New Materials, and Xuanji Information leading the decline [1] - A new semiconductor industry index, the Jimi Semiconductor Industry Index, was launched to reflect the market status and development of the semiconductor industry [5][6] Company Announcements - Yushu Robotics plans to submit its IPO application to the stock exchange between October and December 2025, with CITIC Securities as the counseling institution [1] - DiAo Micro announced the launch of its self-developed eUSB repeater product, marking a significant technological breakthrough in the high-speed interface chip sector [3] - Hangyu Micro elected Yang Tao as the chairman of its sixth board of directors [3] - Pairui Co. signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop power devices represented by medium and high voltage IGBTs [3] Individual Company Updates - Nvidia addressed rumors regarding supply constraints of its H100/H200 products, stating that it has sufficient inventory to meet all orders without delays [4] - Xiaomi's new device, likely the Xiaomi 16, has received network access approval and is awaiting official announcement [4] - NIO reported Q2 2025 revenue of 19 billion, with a Non-GAAP net loss of 4.13 billion, indicating stable gross margins and effective cost control [4] Index Performance - The Jimi Index closed at 5583.91 points, down 46.46 points, reflecting a decline of 0.83% [7]

Group 1 - Huazhong Securities has been approved to issue subordinate corporate bonds with a total face value of no more than 10 billion yuan [1] - Jinbei Automotive plans to invest 240 million yuan to establish an automotive industry investment fund focusing on electrification, intelligence, and low carbon [1] - Linyang Energy is expected to win a bid for a 244 million yuan metering equipment project from Southern Power Grid [1][2] Group 2 - Renfu Pharmaceutical's subsidiary has received drug registration certificates for two products, including a medication for acute hypotension [3][4] - Nanjing Steel plans to distribute a cash dividend of 0.1186 yuan per share [5][6] - Pairui Co. has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to develop power devices [7][8] Group 3 - Haixing Electric is expected to win a bid for a 214 million yuan metering equipment project from Southern Power Grid [9][10] - Kuangda Technology is planning a change in control, leading to a continued suspension of its stock [11][12] - Samsung Medical is expected to win a bid for a 274 million yuan metering equipment project from Southern Power Grid [13][14] Group 4 - Jiukang Bio has obtained a medical device registration certificate for a specific diagnostic kit [15][16] - Hechuan Technology's minority shareholder plans to transfer a 13% stake in a subsidiary [17][18] - DiAo Micro has launched a new eUSB2 repeater product for various electronic applications [19][20] Group 5 - David Medical's electric surgical table registration application has been accepted [21][22] - Hangxin Technology plans to apply for a total of 280 million yuan in bank credit [23][24] - Liyuan Technology's non-independent director has resigned [25][26] Group 6 - Ningbo Construction's subsidiary has won a construction project bid worth 729 million yuan [27][28] - Huaren Pharmaceutical's subsidiary has received approval for a raw material drug [29][30] - Suwen Electric plans to distribute a cash dividend of 1 yuan per 10 shares [31][32] Group 7 - Solar Energy has received 1.692 billion yuan in renewable energy subsidies [33][34] - Wangli Security has obtained a patent for a new lock structure [35][36] - Zhejiang Energy's vice chairman has resigned due to age reasons [37][38] Group 8 - Beilu Pharmaceutical's subsidiary has passed GMP certification in Brazil [39][40] - Zhejiang Communications has a subsidiary that is expected to win a highway project bid [41][42] - Xinzhi Group has received a government subsidy of 11.1978 million yuan [43][44] Group 9 - Dong'an Power's engine sales in August increased by 3.44% year-on-year [45][46] - Baiyun Mountain's subsidiary has passed the consistency evaluation for two generic drugs [47][48] - Yipin Hong's subsidiary has received a drug registration certificate for a specific injection [49][50] Group 10 - Far East Holdings' subsidiary has won multiple contracts totaling 1.689 billion yuan [51][52] - Good Housekeeping's shareholder plans to reduce holdings by up to 3.5 million shares [53][54] - Guanghong Technology's shareholders have set a transfer price of 23.33 yuan per share [55][56] Group 11 - Keli Sensor plans to acquire 45% of Huahong Technology's shares for 122 million yuan [57][58] - Jianmin Group's furosemide oral solution has been approved for market launch [59][60] - Jinghua Laser's directors plan to reduce their holdings by up to 143,420 shares [61][62] Group 12 - Zhuyue Group is planning a share transfer that will change its controlling shareholder [63][64] - Terid has pre-bid for two projects totaling approximately 698 million yuan [65][66] - Zhonghuan Hailu is planning a change in control, leading to a continued suspension of its stock and convertible bonds [67][68] Group 13 - Great Wall Motors reported August sales of 115,600 vehicles, a year-on-year increase of 22.33% [69][70] - Guizhou Tire's controlling shareholder has committed not to reduce holdings for 12 months [71][72] - San Da Membrane's shareholder plans to reduce holdings by up to 1% of the company's shares [73][74] Group 14 - Chint Electric has decided to terminate the spin-off of its subsidiary for listing [75][76] - Jusaylong's shareholder plans to reduce holdings by up to 1% of the company's shares [77][78]

Group 1 - The company, Pairui Co., Ltd. (300831.SZ), has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute (referred to as "Xi'an Institute") [1] - The collaboration aims to jointly develop and manufacture power devices represented by medium and high voltage IGBTs [1] - Xi'an Institute will be responsible for independent research and design, as well as chip production, while Pairui will handle device packaging and testing [1]

Core Viewpoint - On September 1, the company signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop and manufacture power devices represented by medium and high voltage IGBTs [2] Group 1: Strategic Cooperation - The agreement outlines that Xi'an Power Electronics Research Institute will focus on the independent research and design of IGBT device chips, as well as their production and testing [2] - The company will research packaging technology for high voltage IGBT devices based on its existing packaging lines, aiming to expand production scale and automation levels [2] - The agreement is a preliminary intention for strategic cooperation and does not involve specific financial amounts [2] Group 2: Company Background - Xi'an Power Electronics Research Institute was established in 1995 with a registered capital of 12.02 million yuan, primarily engaged in technology services, development, consulting, exchange, transfer, promotion, machinery equipment leasing, non-residential real estate leasing, and import-export of goods [2] - Xi'an Power Electronics Research Institute holds a 39.55% stake in the company, making it the controlling shareholder [2]

Core Viewpoint - Company has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop and manufacture power semiconductor devices, particularly medium and high voltage IGBTs [1][3] Group 1: Strategic Cooperation - The strategic cooperation agreement aims to leverage the strengths of both parties in the research and manufacturing of power semiconductor devices [1] - Xi'an Power Electronics Research Institute holds a 39.55% stake in the company, making it a controlling shareholder [1] - The agreement is a framework agreement and does not involve specific monetary amounts, thus not constituting a substantive related party transaction [1] Group 2: Company Overview - Company specializes in the research, production, testing, verification, sales, and service of power semiconductor devices and power electronic equipment [1] - Core products include high-power semiconductor devices, high-power power conversion devices, and testing and non-standard equipment [2] - High-voltage high-power semiconductor devices are widely used in industrial applications, especially in ultra-high voltage and extra-high voltage direct current transmission projects [1] Group 3: Financial Performance - In the first half of 2025, the company achieved operating revenue of 84.52 million yuan and a net profit of 30.13 million yuan, with a basic earnings per share of 0.09 yuan [2] - The company has established strong technical and market advantages in the high-power power semiconductor device sector, positioning itself as a leading player in the industry [2] Group 4: Future Outlook - The company plans to enhance its research and development efforts to innovate and upgrade its products in response to increasing market demands for technological advancements [2] - The cooperation with Xi'an Power Electronics Research Institute will focus on the independent research and design of IGBT chips, as well as the expansion of production scale and automation [3] - The agreement is not expected to affect the company's business independence or current operating performance significantly [3]

Core Viewpoint - The company, Pirey Co., has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop and manufacture power devices represented by medium and high voltage IGBTs. The agreement does not involve specific transaction amounts and is not expected to have a significant impact on the company's operating performance for the current year [1]. Group 1 - The strategic cooperation aims to enhance research and development capabilities in power devices [1]. - The focus of the collaboration is on medium and high voltage IGBTs, which are critical components in various electronic applications [1]. - The agreement is not expected to materially affect the company's financial results for the current fiscal year [1].

Core Viewpoint - The company, Pirelli Co., has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop medium and high voltage IGBT power devices, indicating a commitment to innovation in power electronics [1] Group 1: Company Overview - Pirelli Co. announced the signing of a strategic cooperation agreement on September 1, 2025 [1] - The collaboration focuses on the research and manufacturing of medium and high voltage IGBT power devices [1] Group 2: Industry Implications - The agreement represents a preliminary framework for cooperation, highlighting the potential for advancements in power electronics technology [1] - The implementation of the agreement remains uncertain, which may affect future developments in the industry [1]

Core Viewpoint - The company, Pirelli Co., has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop medium and high voltage IGBT power devices, indicating a commitment to innovation in power electronics [1] Group 1 - The agreement was signed on September 1, 2025, and represents a preliminary framework for cooperation between the two parties [1] - The collaboration focuses on research and manufacturing of power devices, specifically medium and high voltage IGBT [1] - The implementation of the agreement remains uncertain, highlighting the need for investors to be aware of potential investment risks [1]

证券代码：300831 证券简称：派瑞股份 公告编号：2025-061 西安派瑞功率半导体变流技术股份有限公司 关于签订战略合作协议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、协议签订概况 2025 年 9 月 1 日，派瑞股份与西电所签订了《战略合作协议》，双方拟联合开展以中 高压 IGBT 为代表的功率器件研发制造。本协议为双方开展战略合作的意向性约定，不涉 及具体金额。 特别提示： 1. 西安派瑞功率半导体变流技术股份有限公司（以下简称"派瑞股份"或"公司"） 与西安电力电子技术研究所有限公司（以下简称"西电所"）签订《战略合作协议》（以 下简称"本协议"），双方拟联合开展以中高压 IGBT 为代表的功率器件研发制造。本协 议属于双方合作意愿和基本原则的框架性、意向性的初步约定，最终能否实施尚存在不确 定性，敬请广大投资者注意投资风险。 2. 本协议不涉及具体交易金额，预计不会对公司本年度经营业绩产生重大影响，对公 司未来年度经营业绩的具体影响存在不确定性。 3. 根据《深圳证券交易所创业板股票上市规则》的有关规定，西电所为公司的关联方， ...

Core Viewpoint - The company, Pirey Co., has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop and manufacture power devices represented by medium and high voltage IGBTs. The agreement does not involve specific transaction amounts and is not expected to have a significant impact on the company's operating performance for the current year [1]. Group 1 - The strategic cooperation agreement aims to enhance research and development capabilities in power devices [1]. - The focus of the collaboration is on medium and high voltage IGBTs, which are critical components in various electronic applications [1]. - The agreement is not expected to materially affect the company's financial results for the current fiscal year [1].