Group 1 - The US and China held talks in Madrid on September 14 regarding trade issues, including unilateral tariffs and export controls [1] - The Chinese government is encouraging private investment in new productivity, emerging services, and new infrastructure [2] - The US Department of Commerce added several Chinese entities to its export control "entity list," which China strongly opposes [3] - China initiated anti-dumping investigations on imported simulation chips from the US and launched a discrimination investigation regarding US measures in the integrated circuit sector [4] Group 2 - The People's Bank of China reported that the social financing scale increased by 26.56 trillion yuan in the first eight months of 2025, up 4.66 trillion yuan year-on-year [5] - The National Bureau of Statistics is set to release key economic data, including industrial added value and fixed asset investment [6] - The Ministry of Finance announced early issuance of local government debt limits to address hidden debt [7] Group 3 - The Ministry of Industry and Information Technology released a plan for the automotive industry aiming for approximately 32.3 million vehicle sales in 2025, a 3% increase [8] - The National Internet Information Office is drafting regulations to promote the use of electronic documents and digital currency in cross-border payments [9] - The National Health Commission's draft for national standards on pre-prepared food safety has passed expert review [10] Group 4 - The China Securities Regulatory Commission is investigating *ST Dongtong for serious financial fraud, proposing fines totaling 2.29 billion yuan [11] - Dongcai Technology announced that its high-speed electronic resin has been supplied to major server systems including Nvidia and Huawei [12] - Tuojing Technology plans to raise up to 4.6 billion yuan for high-end semiconductor equipment projects [13] - GoerTek announced plans to acquire 100% of Shanghai Aolai through a capital increase of 530 million yuan [14] - TCL Technology intends to invest approximately 29.5 billion yuan in an 8.6-generation printed OLED production line [15] Group 5 - The US stock market showed mixed results, with the Dow Jones down 0.59% and the Nasdaq up 0.44%, driven by large tech stocks [20] - Nvidia is reportedly scaling back its cloud computing efforts, particularly its DGX Cloud service [21] - Economists predict that the Federal Reserve may implement two to three interest rate cuts by the end of the year [22]

Group 1 - The company, Siwei Fushi, announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 30% in closing price deviation over three consecutive trading days (September 10, 11, and 12, 2025) [2] - The company confirmed that there are no corrections or supplements needed for previously disclosed information and has not found any recent media reports that could significantly impact its stock price [2] - The company's operations are currently normal, and there have been no significant changes in its operational conditions or external business environment recently [2]

Core Viewpoint - The stock of Sihui Fushi (300852.SZ) has experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 30% over three consecutive trading days from September 10 to September 12, 2025 [1] Group 1: Stock Trading Activity - The company’s major shareholder, Sihui City Mingcheng Trading Co., Ltd., along with its concerted party, Sihui Tiancheng Tongchuang Investment Partnership (Limited Partnership), sold shares during the period of stock price fluctuation [1] Group 2: Market Focus and Company Operations - There is a heightened market interest in humanoid robots, servers, and optical modules, which the company has acknowledged [1] - The company disclosed its production and operational status in these related fields in its 2025 semi-annual report, including future development prospects and risks [1]

Group 1 - The company has noted a recent increase in market attention towards humanoid robots, servers, and optical modules [1] - In the "2025 Semi-Annual Report," the company disclosed its production and operational status in these related fields, including future development prospects and risks [1] - It was verified that Sihui Mingcheng Trading Co., Ltd. and its concerted action party, Sihui Tiancheng Tongchuang Investment Partnership (Limited Partnership), sold company stocks during the period of stock fluctuations [1]

Group 1 - The company, Siwei Fushi, announced a stock trading anomaly, with a cumulative closing price increase of over 30% over three consecutive trading days (September 10, 11, and 12, 2025) [1] - The company's controlling shareholder and actual controller have confirmed that there are no undisclosed significant events that should have been disclosed [1] - The company has noted the recent market interest in humanoid robots, servers, and optical modules, and has disclosed its production and operational status in these areas in the 2025 semi-annual report, including future development prospects and risks [1]

Core Viewpoint - The company Si Hui Fu Shi (300852.SZ) announced a plan for its controlling shareholder to reduce its stake by 3% between August 11, 2025, and November 10, 2025 through centralized bidding or block trading [1] Group 1 - The controlling shareholder, Si Hui City Ming Cheng Trading Co., Ltd., along with its concerted action party, Si Hui Tian Cheng Tong Chuang Investment Partnership (Limited Partnership), intends to sell a total of 3% of the company's shares [1] - There was a verification that Si Hui City Ming Cheng Trading Co., Ltd. and its concerted action party engaged in selling company shares during the period of stock fluctuations [1]

| | | 四会富仕电子科技股份有限公司 关于股票交易异常波动的公告 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、股票交易异常波动基本情况 四会富仕电子科技股份有限公司（以下简称"公司"，证券简称：四会富仕， 证券代码：300852）股票交易连续 3 个交易日内（2025 年 9 月 10 日、2025 年 9 月 11 日、2025 年 9 月 12 日）收盘价涨幅偏离值累计超过 30%，根据深圳证券交 易所相关规定，属于股票交易异常波动的情况。 经核查，四会市明诚贸易有限公司与其一致行动人四会天诚同创投资合伙企 业（有限合伙）在股票异动期间存在卖出公司股票的行为。 （六）公司不存在违反公平信息披露规定的其他情形。 （七）公司关注到近期市场对于人形机器人、服务器、光模块相关概念的关 注度较高，公司在《2025 年半年度报告》披露了公司在相关领域的生产经营情 况，包括未来发展前景与面临的风险等。敬请投资者理性决策，谨慎投资。 二、公司关注并核实情况的说明 针对公司股票交易异常波动，公司董事会对控股股东及实际控制人就公司股 票交易异常波动情况进行核查，现 ...

Core Viewpoint - The company, Four Seasons Fushi, primarily focuses on PCB products with significant applications in industrial control and automotive electronics, which together account for approximately 80% of its revenue [1] Group 1: Product Applications - The company's PCB products have a wide range of applications, but currently, they are mainly concentrated in industrial control and automotive electronics [1] - Other fields are still in the market development stage, contributing relatively less to the overall revenue [1] Group 2: Investor Interaction - An investor inquired about the company's products related to optical modules, AI data centers, AI servers, and robotics, indicating interest in potential growth areas [1] - The company encourages investors to make rational decisions and be aware of investment risks [1]

Market Overview - On September 11, the component sector rose by 10.18% compared to the previous trading day, with SiHui FuShi leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Key Stocks Performance - SiHui FuShi (300852) closed at 44.29, with a significant increase of 19.99% and a trading volume of 108,800 shares, amounting to a transaction value of 457 million [1] - Shenghong Technology (300476) saw a rise of 16.28%, closing at 338.00 with a trading volume of 929,400 shares, resulting in a transaction value of 29.143 billion [1] - Nanya New Materials (615889) increased by 14.14%, closing at 72.88 with a trading volume of 111,000 shares [1] - Other notable performers include: - Shengyi Electronics (688183): +13.80%, closing at 89.07 - Zhongfu Circuit (300814): +13.63%, closing at 44.36 - Chongda Technology (002815): +10.01%, closing at 16.48 [1] Capital Flow Analysis - The component sector experienced a net inflow of 6.681 billion in main funds, while retail funds saw a net outflow of 3.827 billion and 2.854 billion respectively [1] - Specific stock capital flows indicate: - Shenghong Technology had a main fund net inflow of 12.05 billion, with retail outflows of 4.29 billion [2] - Huadian Co. (002463) had a main fund net inflow of 7.31 billion, with retail outflows of 3.31 billion [2] - Other stocks like Shengyi Technology (600601) and Shennan Circuit (002916) also showed significant capital movements [2]

Market Overview - The convertible bond market showed positive performance with the Zhongzheng Convertible Bond Index rising by 1.23% to 480.25, with a total trading volume of 76.871 billion [1] - A total of 437 convertible bonds were traded, with 409 increasing in value, 1 remaining flat, and 27 declining [1] Top Performing Convertible Bonds - The top five performing convertible bonds included: - Fushi Convertible Bond (123217) with a rise of 20.0% - Jing 23 Convertible Bond (113669) also up by 20.0% - Jiazhe Convertible Bond (113039) increasing by 17.69% - Chongda Convertible Bond 2 (128131) up by 14.01% - Outong Convertible Bond (not specified) rising by 11.67% [2] Underperforming Convertible Bonds - The five convertible bonds with the largest declines were: - Kaizhong Convertible Bond (113698) down by 3.29% - Yaoshi Convertible Bond (123145) decreasing by 2.92% - Titan Convertible Bond (127096) falling by 2.69% - Huicheng Convertible Bond (not specified) down by 2.04% [2] Corresponding Stock Performance - Among the stocks corresponding to the convertible bonds, 352 stocks rose, 16 remained flat, and 69 declined [1] - The top five performing stocks included: - Si Hui Fushi (300852) with a rise of 19.99% - Jingke Technology (601778) increasing by 10.05% - Chongda Technology (002815) up by 10.01% - Luxshare Precision (not specified) rising by 10.00% - Jingwang Electronics (not specified) also up by 10.00% [4] Declining Stocks - The stocks with the largest declines included: - Titan Shares (not specified) down by 5.64% - Huahai Pharmaceutical (not specified) decreasing by 4.26% - Nenghui Technology (not specified) down by 3.88% - Shouhua Gas (not specified) falling by 2.99% - Shandong Zhanggu (not specified) down by 2.98% [5]