Core Viewpoint - Guangli Microelectronics has shown a positive stock performance with a 6.55% increase, reaching a share price of 91.05 yuan, and a total market capitalization of 18.236 billion yuan as of October 13 [1] Company Overview - Guangli Microelectronics, established on August 12, 2003, and listed on August 5, 2022, is located in Yuhang District, Hangzhou, Zhejiang Province. The company specializes in the design, development, and service of integrated circuit EDA software and wafer-level electrical testing equipment [1] - The revenue composition of Guangli Microelectronics is as follows: 62.40% from testing equipment and accessories, 37.00% from software development and licensing, and 0.60% from testing services and others [1] Shareholder Information - Among the top ten circulating shareholders of Guangli Microelectronics, a fund under Guolian An Fund has increased its holdings. The Guolian An CSI Semiconductor Products and Equipment ETF Link A (007300) added 95,200 shares in the second quarter, bringing its total holdings to 1.0611 million shares, which represents 0.99% of the circulating shares [2] - The Guolian An CSI Semiconductor Products and Equipment ETF Link A (007300) was established on June 26, 2019, with a current scale of 1.669 billion yuan. It has achieved a year-to-date return of 47.77%, ranking 725 out of 4220 in its category, and a one-year return of 59.24%, ranking 319 out of 3855 [2] Fund Manager Performance - The fund managers of Guolian An CSI Semiconductor Products and Equipment ETF Link A are Huang Xin and Zhang Zhenyuan. Huang Xin has a tenure of 15 years and 185 days, managing a total fund size of 42.052 billion yuan, with the best fund return during his tenure being 204.34% and the worst being -35.8% [3] - Zhang Zhenyuan has a tenure of 11 years and 316 days, managing a total fund size of 40.822 billion yuan, with the best fund return during his tenure being 387.76% and the worst also being -35.8% [3]

Core Viewpoint - Guangli Microelectronics experienced a decline of 4.83% in stock price on October 10, with a trading volume of 639 million yuan, indicating a significant net financing outflow and high financing balance relative to market capitalization [1] Financing and Margin Trading - On October 10, Guangli Microelectronics had a financing buy-in amount of 43.43 million yuan and a financing repayment of 92.95 million yuan, resulting in a net financing outflow of 49.51 million yuan [1] - The total margin trading balance as of October 10 was 506 million yuan, with the financing balance accounting for 2.95% of the circulating market value, which is above the 80th percentile of the past year [1] - In terms of securities lending, 1,200 shares were repaid and 800 shares were sold on October 10, with a selling amount of 68,400 yuan, while the remaining securities lending balance was 7,800 shares, valued at 666,500 yuan, indicating a low position relative to the past year [1] Company Performance - As of June 30, Guangli Microelectronics reported a total of 29,300 shareholders, an increase of 18.89% from the previous period, with an average of 3,667 circulating shares per person, down by 15.89% [2] - For the first half of 2025, the company achieved operating revenue of 246 million yuan, representing a year-on-year growth of 43.17%, and a net profit attributable to shareholders of 15.68 million yuan, up 518.42% year-on-year [2] Dividend and Institutional Holdings - Since its A-share listing, Guangli Microelectronics has distributed a total of 217 million yuan in dividends [3] - As of June 30, 2025, among the top ten circulating shareholders, the Noan Optimized Allocation Mixed A Fund held 2.88 million shares, an increase of 398,800 shares from the previous period, while the Guolian An Zhongzheng All-Index Semiconductor Products and Equipment ETF held 1.06 million shares, up by 95,200 shares [3]

Core Insights - The semiconductor lithography equipment sector is experiencing significant stock price increases, with notable gains in companies such as Newray Materials reaching new highs, Kemet Gas hitting the daily limit, and Fuchuang Precision rising over 10% [1] Company Performance - Newray Materials has achieved a new high in its stock price during trading [1] - Kemet Gas has reached the daily trading limit, indicating strong market interest and demand [1] - Fuchuang Precision's stock has increased by more than 10%, reflecting positive investor sentiment [1] - Other companies in the sector, including Guangli Micro, Huate Gas, and Kema Technology, have also seen stock price increases, suggesting a broader trend in the industry [1]

Investment Rating - The report maintains a "Buy" rating for the computer industry in China, indicating a positive outlook for the sector [6]. Core Insights - The U.S. plans to impose export controls on "critical software," which includes both foundational and industrial software, highlighting its strategic importance in the ongoing U.S.-China technological competition [9]. - The domestic market for industrial design software is expected to accelerate its localization process due to potential U.S. export restrictions, with significant growth opportunities identified in this area [3][9]. - The report emphasizes that while industrial design software has a low localization rate, the industrial control systems have a relatively higher domestic market share, particularly in DCS systems [9]. Summary by Sections Investment Recommendations and Targets - The report suggests that if the U.S. imposes export controls on foundational software, it will significantly boost the localization of industrial and foundational software. Key investment targets include: - Industrial Software: Zhongwang Software (688083, Buy), Huada Jiutian (301269, Buy), and others [3]. - Foundational Software: Dameng Data (688692, Not Rated), Dongtu Technology (300353, Not Rated), and others [3]. Industry Overview - The report discusses the strategic significance of critical software, which includes operating systems and databases, and notes that the domestic market share for PC operating systems has reached 20-25%, while server operating systems are at 40-50% [9]. - The report highlights that the localization rate for industrial operating systems is still low, at around 10-15%, but is expected to improve as domestic products gain traction [9].

Investment Rating - The report maintains a "Recommended" rating for the industry [4] Core Insights - The report highlights the significant impact of U.S. tariffs and export controls on Chinese products, particularly in the software and hardware sectors, emphasizing the need for domestic innovation and self-reliance [1] - The Chinese government is actively promoting domestic products through favorable procurement policies, including a 20% price deduction for local products in competitive bidding [1] - The report indicates that the domestic chip industry is gaining traction, particularly in the financial sector, with major projects like the Industrial and Commercial Bank of China's procurement of Huaguang chip servers valued at approximately 3 billion yuan [1] - The report notes a substantial increase in domestic server procurement by China Unicom, with 90.1% of the servers being domestically produced, reflecting a strong trend towards localization [2] - The report anticipates a turning point for the domestic innovation industry (Xinchang) driven by supportive policies and improving performance of listed companies in the sector [2][3] Summary by Sections - **Policy Support**: The government emphasizes high-level technological self-reliance as a key development focus, aiming to enhance core technology research and innovation capabilities [2] - **Market Performance**: Several listed companies in the Xinchang sector have shown improved performance compared to the previous year, indicating a positive outlook for the industry [3] - **Investment Recommendations**: The report suggests focusing on key players in the Xinchang sector, including China Software, Dameng Data, and others, as well as leaders in specific sub-sectors like industrial software and the Harmony OS ecosystem [3]

Core Viewpoint - Hangzhou Guangli Microelectronics Co., Ltd. has announced a collaboration with Zhejiang University to establish a joint research and development center focused on silicon photonics technology and measurement equipment, aiming to enhance the core machine development and yield improvement in the silicon photonics industry [1][2]. Group 1: Collaboration and Strategic Focus - The partnership with Zhejiang University, a top-tier institution in China, will leverage its research strengths to enhance Guangli Micro's technology in integrated circuit yield improvement and electrical testing monitoring, extending its strategic reach into the promising field of silicon photonics [1][2]. - The joint R&D center will concentrate on three core areas: wafer-level silicon photonics testing systems, yield enhancement and mass production monitoring solutions, and a talent introduction and training mechanism through deep integration between academia and industry [1][2]. Group 2: Business Performance and Growth - In the first half of 2025, Guangli Micro reported a significant revenue increase of 43.17%, reaching 246 million yuan, with a net profit of 15.68 million yuan, marking a substantial growth of 518.42% year-on-year [2]. - The company's core business segments, including software development and testing equipment, both experienced robust growth, with revenues exceeding 38% [2]. Group 3: Research and Development Investment - Guangli Micro's R&D investment reached 144 million yuan in the first half of 2025, accounting for 58.57% of its revenue, reflecting a strong commitment to technological innovation [3]. - The company possesses numerous R&D personnel and hundreds of intellectual property rights, establishing a solid barrier for competition in high-end technology fields [3]. Group 4: Industry Positioning and National Strategy - In the context of increasing global semiconductor competition and the urgent need for supply chain autonomy, Guangli Micro has positioned itself as a key player in the domestic substitution wave through its comprehensive solutions in EDA software, testing equipment, and data analysis [3]. - The collaboration with Zhejiang University not only expands the company's technological capabilities but also aligns with the national strategy for achieving autonomy in cutting-edge technology fields [3].

Group 1 - Pingzhi Information has been selected as the eighth candidate for the "2025 China Unicom General Server Centralized Procurement Project" with a bid amount of approximately 451 million yuan [1] - The project involves the procurement of general servers primarily for cloud computing infrastructure [1] - Pingzhi Information was established in November 2002 and focuses on communication equipment, computing power, and operator equity products [1] Group 2 - Betta Pharmaceuticals has submitted an application for the issuance of H shares and listing on the Hong Kong Stock Exchange [2] - Betta Pharmaceuticals was founded in January 2003 and specializes in the production and sales of innovative drugs [2] Group 3 - Guangli Micro plans to sign an agreement with Zhejiang University to establish a joint research center for silicon photonics technology and measurement equipment [3] - The company will invest no less than 15 million yuan over three years for the center's development [3] - Guangli Micro was founded in August 2003 and provides a range of services including integrated circuit manufacturing and design [3] Group 4 - Shanhe Pharmaceutical's controlling shareholder and actual controller has changed due to the passing of Yin Zhenglong, with his wife and daughter inheriting shares [4] - After the change, Wu Changhong holds 20.172% of the total shares, while Yin Zhiya holds 6.724% [4] - Shanhe Pharmaceutical was established in April 2001 and focuses on the research, production, and sales of pharmaceutical excipients [5] Group 5 - Hengwei Technology plans to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through a combination of share issuance and cash payment [6] - The acquisition will make Shuhang Technology a subsidiary of Hengwei Technology [6] - Hengwei Technology was founded in March 2003 and specializes in intelligent system solutions [7] Group 6 - Shougang Co. intends to repurchase its A-shares for an amount between 260 million yuan and 520 million yuan [8] - The repurchase will be used for implementing an equity incentive plan [8] - Shougang Co. was established in October 1999 and focuses on the production and sales of steel products [9] Group 7 - Pulit plans to build a 6GWh sodium-ion battery production base in Sichuan with a total investment of approximately 800 million yuan [10] - The project will be constructed in two phases, with the first phase having a capacity of 2GWh [10] - Pulit was founded in October 1999 and specializes in high polymer new materials and battery production [10] Group 8 - Saisir has proposed a cash dividend of 3.1 yuan per 10 shares for its A-share shareholders [10] - Saisir was established in May 2007 and focuses on the research, manufacturing, and sales of new energy vehicles [10] Group 9 - Guangyang Co. plans to establish a wholly-owned subsidiary for the development of precision components for robots [11] - The investment is part of a project to produce high-end components for new energy vehicles and robots [11] - Guangyang Co. was founded in April 1995 and specializes in precision components for various vehicles and equipment [11] Group 10 - Conch New Materials intends to acquire a 51% stake in North China Industrial Plastics Co., Ltd. for approximately 95.27 million yuan [12] - The acquisition will make North China Plastics a subsidiary of Conch New Materials [12] - Conch New Materials was established in October 1996 and focuses on the production and sales of plastic profiles and aluminum profiles [12] Group 11 - Daikin Heavy Industries has submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [13] - The company specializes in the production and sales of offshore wind power equipment [13] - Daikin Heavy Industries was founded in September 2003 [13] Group 12 - Tengya Precision plans to invest up to 8 million USD to establish a subsidiary in Vietnam for the production of garden robots and electric tools [14] - The project will involve leasing a factory in Dong Nai Province [14] - Tengya Precision was established in August 2000 and focuses on power tools and building hardware [15] Group 13 - Luoxin Pharmaceutical plans to raise up to 207 million yuan through a private placement for innovative drug research and development [16] - The funds will primarily support clinical research for specific innovative drugs [16] - Luoxin Pharmaceutical was founded in May 1998 and specializes in pharmaceutical product development [17] Group 14 - *ST Guohua's subsidiary has become the first candidate for a project with a bid of 236 million yuan [18] - The project involves a 90-day construction period [18] - *ST Guohua was established in May 1986 and focuses on mobile network security [19] Group 15 - Su Chen Technology plans to acquire 60% of Likong Technology for a total price of 192 million yuan [20] - The acquisition will make Likong Technology a secondary subsidiary of Su Chen Technology [20] - Su Chen Technology was founded in February 2006 and specializes in CAE software development [21] Group 16 - Qingmu Technology's major shareholder plans to reduce their stake by up to 276,000 shares [22] - The reduction is due to the shareholder's financial needs [22] - Qingmu Technology was established in August 2009 and provides comprehensive e-commerce operation services [23] Group 17 - Tongda Sea plans to acquire 40% of Jiangsu Sufuda Data Technology Co., Ltd. for 25.64 million yuan [24] - The acquisition will result in Tongda Sea holding 100% of Sufuda [24] - Tongda Sea was founded in March 1995 and provides information technology services for electronic government affairs [24] Group 18 - Rongsheng Development has signed a memorandum of cooperation to promote the development of the seaplane industry [25] - The cooperation will focus on infrastructure construction and talent training [25] - Rongsheng Development was established in December 1996 and specializes in real estate development [26] Group 19 - Jinma Amusement plans to repurchase 16.52% of its subsidiary for 60 million yuan [28] - The repurchase will convert the subsidiary into a wholly-owned entity [28] - Jinma Amusement was founded in November 2007 and focuses on amusement facilities and projects [28] Group 20 - Huilv Ecology plans to acquire 49% of Junheng Technology for 1.127 billion yuan [29] - The acquisition will make Junheng Technology a wholly-owned subsidiary [29] - Huilv Ecology was established in January 1990 and specializes in optical communication products and landscape engineering [30]

证券日报网讯9月29日晚间，广立微（301095）发布公告称，不存在涉及逾期债务、诉讼的担保及因担 保被判决败诉而应承担担保金额的情形。 ...

Group 1 - The company Guangli Micro announced an approved guarantee limit of 200 million yuan, which accounts for 6.37% of its latest audited net assets [1] - There are no guarantees provided to entities outside the consolidated financial statements, and there are no overdue debts or litigation related to the guarantees [1] - For the first half of 2025, Guangli Micro's revenue composition is entirely from the software and information technology services sector, with a 100% share [1] Group 2 - As of the report, Guangli Micro has a market capitalization of 17.9 billion yuan [1]

Core Viewpoint - Guangli Micro (301095) plans to sign an agreement with Zhejiang University to establish a joint research center focused on silicon photonics technology and measurement equipment [1] Group 1: Partnership and Collaboration - The agreement aims to develop wafer-level silicon photonic testing equipment, solutions for improving yield of silicon photonic devices, and efficient production monitoring solutions for silicon photonics [1] - The collaboration will also establish a deep integration mechanism for talent introduction and training between the university and the company [1] Group 2: Financial Commitment - The company plans to invest no less than 15 million yuan in the research center over the next three years [1]