Core Viewpoint - Yachuang Electronics stated that both its distribution and self-developed IC business gross margins are at a relatively high level within the industry, indicating strong operational performance and potential for future growth [1] Group 1: Business Performance - The company is focused on its core business and aims to enhance profitability through steady operational development [1] - The company emphasizes the importance of increasing intrinsic value to boost investor confidence [1] Group 2: Future Outlook - Yachuang Electronics plans to continue creating long-term investment value for its shareholders [1]

（文章来源：证券日报） 证券日报网讯雅创电子10月13日在互动平台回答投资者提问时表示，截至2025年9月30日，公司股东户 数超过2万户。 ...

雅创电子公告，公司控股股东、实际控制人谢力书先生近日将其持有的741万股公司股份办理了解除质 押手续，占其所持股份比例9.77%，占公司总股本比例5.05%。此次解质押起始日为2024年9月24日，解 除日期为2025年9月29日，质权人为云南国际信托有限公司。谢力书先生目前持有公司7584.72万股，占 总股本51.71%，其中已质押股份为774.8万股，占其所持股份比例10.22%，占公司总股本比例5.28%。 ...

上海雅创电子集团股份有限公司 关于控股股东、实际控制人部分股份解除质押的公告 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。 上海雅创电子集团股份有限公司（以下简称"公司"）近日接到控股股东、实 际控制人谢力书先生的通知，获悉谢力书先生将其持有的公司部分股份办理了解 除质押手续，具体情况如下： | | 是否为控股 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 股东或第一 | 本次解除质 | 占其所持 | 占公司总 | 起始日 | 解除日期 | | 质权人 | | 称 | 大股东及其 | 押数量（股） | 股份比例 | 股本比例 | | | | | | | 一致行动人 | | | | | | | | | 谢力书 | 是 | 7,410,000 | 9.77% | 5.05% | 2024年9月 | 年 2025 9 | 月 | 云南国际信托有 | | | | | | | 日 24 | 日 29 | | 限公司 | | 合计 | - | 7,410,0 ...

Market Overview - As of September 29, the Shanghai Composite Index closed at 3862.53 points, up 34.43 points, with a gain of 0.90% [1] - The Shenzhen Component Index closed at 13479.43 points, up 270.43 points, with a gain of 2.05% [1] - The ChiNext Index closed at 3238.01 points, up 86.48 points, with a gain of 2.74% [1] Stock Performance - A total of 39 A-shares had a turnover rate exceeding 20% on this day, indicating significant trading activity [1] - Notable stocks with high turnover rates include: - C Haocreat (301668) with a turnover rate of 62.30% and a closing price of 58.78 yuan, down 3.73% [1] - C Jianfa Zhi (301584) with a turnover rate of 61.32% and a closing price of 34.12 yuan, up 13.73% [1] - Jin Hua New Materials (920015) with a turnover rate of 53.44% and a closing price of 53.00 yuan, down 3.58% [1] - Other stocks with notable turnover rates include: - C United Motion (301656) at 41.80% and a closing price of 32.77 yuan, up 3.87% [1] - Zhongdian Xinlong (002298) at 39.78% and a closing price of 11.99 yuan, down 6.77% [1] - Chuling Information (300250) at 35.58% and a closing price of 26.40 yuan, up 20.00% [1] Additional Notable Stocks - Huijin Co., Ltd. (300368) had a turnover rate of 33.76% and closed at 19.08 yuan, up 20.00% [1] - Li Hexing (301013) closed at 30.75 yuan with a turnover rate of 33.58%, up 5.56% [1] - Other stocks with significant trading activity include: - Weili Transmission (300904) at 31.67% and a closing price of 85.80 yuan, up 8.24% [1] - Huarun Technology (002453) at 31.36% and a closing price of 7.90 yuan, down 10.02% [1]

Market Performance - The other electronic sector increased by 1.37% on September 29, with Xiangnon Chip leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Top Gainers - Xiangnon Chip (300475) closed at 84.26, up 8.23% with a trading volume of 418,800 shares and a transaction value of 349 million [1] - Yachuang Electronics (660106) closed at 42.84, up 8.05% with a trading volume of 184,400 shares and a transaction value of 802 million [1] - Tailong Co. (300650) closed at 21.53, up 4.82% with a trading volume of 342,400 shares and a transaction value of 730 million [1] Top Losers - Wolong Nuclear Materials (002130) closed at 30.96, down 4.71% with a trading volume of 2,167,600 shares and a transaction value of 6.791 billion [2] - Xuguang Electronics (600353) closed at 16.68, down 1.88% with a trading volume of 234,500 shares and a transaction value of 390 million [2] - Hanshuo Technology (301275) closed at 53.87, down 1.16% with a trading volume of 14,100 shares and a transaction value of 75.8 million [2] Capital Flow - The other electronic sector experienced a net outflow of 969 million from main funds, while retail investors saw a net inflow of 884 million [2] - The main funds' net inflow and outflow for specific stocks varied, with Zhongrong Electric (301031) seeing a net outflow of 58.59 million from main funds [3] Individual Stock Analysis - Yachuang Electronics (301099) had a net inflow of 54.64 million from main funds, while retail investors experienced a net outflow of 65.18 million [3] - Liyuan Information (300184) had a net inflow of 36.39 million from main funds, with a minimal net inflow from retail investors [3] - Guoli Electronics (688103) saw a net inflow of 25.20 million from main funds, while retail investors had a net outflow of 11.80 million [3]

Group 1 - The core viewpoint of the news highlights the positive performance of the ChiNext index, which rose over 2% due to government support for high-end products like all-solid-state battery materials [1] - The Ministry of Industry and Information Technology released action plans to support foundational research in cutting-edge technologies, including all-solid-state batteries [1][3] - The new energy sector, particularly wind power, energy storage, and solid-state batteries, saw significant gains, with stocks like Yicheng New Energy hitting the daily limit and others like EVE Energy and Yachuang Electronics rising over 10% [1] Group 2 - The market is experiencing a seasonal trading pattern with reduced activity ahead of the National Day holiday, but historical trends suggest a "post-holiday rally" [3] - The ChiNext board is positioned as a key player in China's emerging industries, with its valuation still offering high cost-effectiveness, making it attractive for new capital inflows [3] - The ChiNext Enhanced ETF (159292) tracks the ChiNext Composite Index and focuses on high-growth sectors, with the top five industries making up 64.5% of its portfolio [4][6] Group 3 - The ChiNext Enhanced ETF has advantages such as low investment thresholds, making it accessible for investors with a starting amount of around 100 yuan [6] - The ETF aims for excess returns through a quantitative multi-factor stock selection model, primarily based on fundamental factors [6]

Core Viewpoint - The A-share market for storage chip stocks has strengthened significantly due to supply tightness and surging demand from cloud enterprises, leading to notable price increases and stock performance in the sector [1]. Group 1: Market Performance - Yachuang Electronics saw a nearly 11% increase in stock price, while Demingli rose over 8% [1]. - Other companies such as Jingzhida, Zhaoyi Innovation, and Lianyun Technology experienced gains exceeding 6% [1]. - The overall trend indicates a robust performance in the storage chip sector, with several companies achieving substantial year-to-date growth percentages [2]. Group 2: Price Adjustments and Supply Dynamics - Major storage module manufacturer Adata announced a halt on DDR4 pricing starting from the 29th, prioritizing DDR5 and NAND flash supply to key customers [1]. - Samsung Electronics raised its memory product prices by 30%, while NAND flash prices increased by 5% to 10% [1]. - Micron Technology informed customers of a price hike ranging from 20% to 30% [1].

Group 1 - The storage chip sector experienced a significant early morning rally on September 29, with notable gains in several companies [1] - Shannon Microelectronics saw an increase of over 6%, while Zhaoyi Innovation rose by more than 5% [1] - Other companies such as Yachuang Electronics, Dongxin Co., Liyuan Information, and Jingzhida also showed strong performance [1]

Core Viewpoint - Yachuang Electronics is transitioning from a distributor to a self-research chip manufacturer, with a recent announcement of acquiring stakes in two semiconductor companies for a total of 317 million yuan [1][2][7]. Group 1: Acquisition Details - The company plans to acquire 40% of Shenzhen Ouchuang Semiconductor and 45% of Shenzhen Yihai Nengda, with the total investment amounting to 317 million yuan [1][7]. - The acquisition aims to strengthen Yachuang's "distribution + self-research" strategy and achieve resource synergy [2][7]. Group 2: Business Transformation - Yachuang Electronics, founded in 2001, initially focused on distributing international electronic components, gradually expanding its market presence [3][4]. - The company has been shifting towards self-research since 2018, with significant revenue growth from chip trading, reaching over 1.1 billion yuan [4][5]. - The strategy includes acquiring companies to enhance its capabilities in chip design and manufacturing, with previous acquisitions including a 60% stake in Ouchuang in 2022 [5][6]. Group 3: Financial Performance - In 2024, Yachuang Electronics reported revenues of 3.61 billion yuan and a net profit of 124 million yuan, with a growing share of revenue coming from automotive-grade chips [6][7]. - The company's revenue from self-researched integrated circuits surged from 24.45 million yuan in 2019 to 348 million yuan [5][6]. Group 4: Market Position and Future Outlook - Yachuang Electronics has established itself in the supply chains of major automotive companies like BYD, Geely, and NIO, indicating a strong market position [6][7]. - The recent acquisitions are seen as a new starting point for Yachuang to become a comprehensive service provider in the automotive chip industry [7][8].