Group 1 - TSMC's strong Q4 earnings report exceeded expectations, leading to a historic high in its stock price, which positively influenced semiconductor stocks in the A-share market [1] - TSMC's CEO and CFO announced a capital expenditure plan for 2026 that could reach $56 billion, a significant increase of 37% from the actual spending of $40.9 billion in 2025, marking the highest in the company's history [1] Group 2 - Notable stock performances in the semiconductor sector included Tianyue Advanced rising over 12%, Hengkun New Materials and Xingchen Technology both increasing over 8%, and several other companies like Shanghai Hejing and Yitang shares rising over 6% [2] - The year-to-date performance of these stocks shows significant gains, with Hengkun New Materials up 45.28% and Tianyue Advanced up 17.32% [2]

Core Viewpoint - The company, Xingchen Technology (301536.SZ), has conducted its first share buyback on January 14, 2026, through a centralized bidding transaction, indicating a strategic move to enhance shareholder value [1] Group 1: Buyback Details - The total number of shares repurchased by the company is 464,200 shares, which represents 0.1101% of the company's total share capital [1] - The highest transaction price for the buyback was 65.18 yuan per share, while the lowest transaction price was 63.78 yuan per share [1] - The total amount spent on the buyback, excluding transaction fees, was 29,999,642.00 yuan [1]

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。 公司后续将严格按照《上市公司股份回购规则》《回购指引》等相关规定， 在回购期限内根据市场情况择机实施本次回购股份方案，并在回购期间根据相关 法律、法规和规范性文件的规定及时履行信息披露义务，敬请广大投资者注意投 资风险。 星宸科技股份有限公司（以下简称"公司"）于2026年1月8日召开第二届董事 会第十三次会议，审议并通过《关于以集中竞价交易方式回购公司股份方案的议 案》，同意公司使用自有资金和/或自筹资金（含股票回购专项贷款资金等）以 集中竞价交易的方式回购公司部分股份，用于股权激励和/或员工持股计划。本 次回购股份的价格为不超过88.90元/股（含），回购资金总额不低于人民币6,000 万元（含），不超过人民币12,000万元（含），按回购总金额上下限和回购股份 价格上限测算，预计可回购股份数量为674,916股至1,349,831股，占公司目前总 股本比例为0.16%至0.32%。回购期限为自公司董事会审议通过本次回购方案之 日起不超过12个月，具体回购数量及回购金额以回购期满或回购完毕时实际回购 的股份数 ...

证券日报网讯1月14日，星宸科技（301536）在互动平台回答投资者提问时表示，公司在2025年开发者 大会上发布了最新移动视觉研发成果ISP6.0，其HDR动态范围达140dB，支持AI HDR算法消除鬼影； EIS新增地平线锁定功能，实现领先的运动防抖效果；搭配色彩引擎及升级3A算法，可适配公司第二代 智能眼镜及其他移动影像设备的动态场景。公司目标成为移动影像视觉芯片国产替代领军企业，正与多 个品牌客户积极对接，客户认可视觉效果业内领先。 ...

证券日报网讯1月13日，星宸科技（301536）在互动平台回答投资者提问时表示，公司每年KGD采购量 过亿级，与多家主流存储供应商密切合作，凭借规模效应优先锁产能、争最优价，能够快速保障供应。 在行业缺货背景下，许多客户因外挂存储缺货、价格暴涨而转向公司的内置存储产品，带来增量订单的 同时也提升了定价能力。公司则通过长期协议锁产能、靠规模效应保性价比，将供应链能力转化为增长 动力与竞争壁垒。 ...

Group 1 - The core viewpoint of the article is that Xingchen Technology (301536) has developed chip products for commercial low-altitude economic devices and consumer drones, but does not engage in applications related to commercial aerospace and controllable nuclear fusion [1] Group 2 - The company has responded to investor inquiries on its interactive platform regarding its smart perception business line [1] - The focus of the company's chip development is on commercial low-altitude economic devices and consumer-grade drones [1] - The company explicitly states that it does not involve itself in commercial aerospace and controllable nuclear fusion applications [1]

序号 股东名称 持有数量（股） 占公司总股本 的比例（%） 1 SigmaStarTechnologyInc. 121,203,000 28.74 2 EliteStarHoldingsLimited 35,481,110 8.41 3 厦门芯宸投资合伙企业（有限合伙） 18,568,420 4.40 4 石誠投資股份有限公司 17,693,200 4.20 5 昆桥资本股权投资管理（深圳）有限公司－ 昆桥（深圳）半导体科技产业股权投资基金 合伙企业（有限合伙） 12,447,958 2.95 6 厦门耀宸投资合伙企业（有限合伙） 10,437,120 2.47 7 和石投資股份有限公司 10,278,000 2.44 8 TreasureStarHoldingsLimited 9,402,480 2.23 9 SupremeStarHoldingsLimited 8,824,320 2.09 一、公司前十名股东持股情况 | 序号 | 股东名称 | 持有数量（股） | 占公司总股本 的比例（%） | | --- | --- | --- | --- | | 10 | 厦门瀚宸投资合伙企业（有限合伙） | 8,4 ...

证券代码：301536 证券简称：星宸科技 公告编号：2026-004 星宸科技股份有限公司 回购股份报告书 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。 重要内容提示： 1、星宸科技股份有限公司（以下简称"公司"）拟使用自有资金和/或自筹资 金（含股票回购专项贷款资金等）以集中竞价方式回购部分公司已发行的人民币 普通股（A股）股票用于实施股权激励和/或员工持股计划。本次回购股份的价格 为不超过88.90元/股（含），回购资金总额不低于人民币6,000万元（含），不超 过人民币12,000万元（含）。按回购总金额上下限和回购股份价格上限测算，预 计可回购股份数量为674,916股至1,349,831股，占公司目前总股本比例为0.16%至 0.32%。具体回购数量及回购金额以回购期满或回购完毕时实际回购的股份数量 和回购金额为准。回购期限为自公司董事会审议通过本次回购方案之日起不超过 12个月。 2、本次回购方案已经公司2026年1月8日召开的第二届董事会第十三次会议 审议通过。 3、公司已在中国证券登记结算有限责任公司深圳分公司开立了回购专用证 券账户。 4 ...

Core Viewpoint - The article highlights the impressive performance of YaoTu Capital in the AI semiconductor investment space, showcasing its early investments in leading companies and the potential for significant returns as these companies approach IPOs [4][5][6]. Investment Performance - YaoTu Capital has invested in several notable companies in the AI semiconductor sector, including Wallen Technology, Hanbo Semiconductor, and Cloud Leopard Intelligence, which are all on the verge of or have completed IPOs [4][6]. - The firm has a strong track record, with its early investments in these companies leading to substantial returns, particularly as the market for AI chips continues to grow [5][12]. Market Trends - The article discusses the current peak in AI chip IPOs, with YaoTu Capital being a key player in this trend, having invested in companies that are now achieving significant market valuations [4][8]. - The emergence of the National Entrepreneurship Guidance Fund is noted as a significant development in the venture capital landscape, with YaoTu Capital being included among the early-stage institutions that are performing well [7]. Investment Strategy - YaoTu Capital's strategy focuses on identifying high-potential projects early, particularly in the AI semiconductor space, and supporting them through various funding rounds [18][21]. - The firm emphasizes a deep understanding of the industry and a commitment to building a comprehensive AI ecosystem, investing across hardware, software, and application layers [18][21]. Notable Investments - Specific companies highlighted include Hanbo Semiconductor, which specializes in AI inference and rendering GPUs, and Cloud Leopard Intelligence, a leader in the DPU chip market [19][20]. - YaoTu Capital's early investments in these companies have positioned it well for future returns as they continue to grow and potentially go public [12][20]. Organizational Characteristics - YaoTu Capital is characterized by its pragmatic approach, focusing on project quality over office prestige, and fostering a culture of in-depth technical discussions among its investment team [25][30]. - The firm prioritizes independence and a low reliance on external resources, allowing for a more agile investment strategy [29][31].

Group 1 - Wanhua Chemical's Yantai Industrial Park's ethylene unit has completed a technical upgrade and resumed production, achieving flexible feedstock switching between ethane and propane, enhancing competitiveness in the petrochemical industry [1] - United Water has won a long-term operation contract for municipal wastewater treatment in Saudi Arabia, with an estimated total investment of approximately 378 million RMB over a 15-year cooperation period [2] - Minsheng Health plans to invest 98 million RMB to establish a fund focused on the health industry, contributing 49% of the total fund size of 200 million RMB [3] Group 2 - Jialitu's shareholder, Anle Group, plans to reduce its stake by up to 3% of the company's total shares [4] - Laiyifen's controlling shareholder intends to reduce its stake by no more than 3% of the total shares [5] - Taifu Pump's actual controller's concerted action party plans to reduce its stake by up to 0.535% [7] Group 3 - Vanke A's executive vice president, Yu Liang, has resigned due to retirement [8] - Tian Sheng New Materials has suspended trading due to a potential change in control involving its largest shareholder [10] - Taisun Wind Power is in the early stages of business layout in the commercial aerospace sector [11] Group 4 - Lushin Investment holds only 0.89% equity in Blue Arrow Aerospace, indicating minimal impact on its financial status [12] - Huibo Pu's controlling shareholder is planning a change in control, leading to stock suspension [13] - Tubaobao's subsidiary is selling a stake in Daziran Home and acquiring specific equity for 4 billion RMB [14] Group 5 - Xingchen Technology plans to repurchase shares worth between 60 million and 120 million RMB for employee stock ownership plans [15] - Pulite expects no large-scale orders for its LCP film products in the brain-computer interface sector in the short term [16] - Rijiu Optoelectronics plans to raise up to 800 million RMB through a private placement for a functional film project [17] Group 6 - Yingqu Technology forecasts a net profit increase of 114.69% to 162.4% in 2025, with expected revenue growth of 13% to 18% [19] - Shanda Electric has won a project from Southern Power Grid worth approximately 13.43 million RMB [20] - Changhong Technology's subsidiary has secured over half of a major semiconductor customer's procurement share, amounting to over 10 million RMB [21] Group 7 - Pairui Co. has signed a framework agreement for bulk procurement of IGBT chips, with projected orders totaling approximately 1.74 billion RMB [22] - Aimeike has received a drug registration certificate for its exclusive distribution of injectable botulinum toxin products in China [23] - Quanyin High-Tech's stock will resume trading after a takeover offer from Zhongzhong Group, which now holds 40.51% of the company [24] Group 8 - Hailiang Co. has decided to suspend its investment in Jinlong Group due to significant external changes [25] - Quanxin Co. plans to issue convertible bonds to raise up to 312 million RMB for aviation communication projects [26] - Kangtai Bio's clinical trial application for a combined vaccine has been accepted by the National Medical Products Administration [27] Group 9 - Huaxia Happiness expects to report a net loss for 2025, with losses projected to exceed the previous year's audited net assets [28] - Xianju Pharmaceutical has received a drug registration certificate for Betamethasone Sodium Phosphate Injection [29] - Huaxia Happiness's controlling shareholder is involved in arbitration with a claim amount of approximately 6.4 billion RMB [30] Group 10 - Shaoneng Co. has launched its smart control center project, with an investment of 8.7 million RMB [31] - Jiangshun Technology is planning to establish an investment fund with professional institutions, with details still under discussion [32] - Beifang Changlong intends to acquire 51% of Shunyi Technology, which may constitute a major asset restructuring [33] Group 11 - Guoji Heavy Industry's revenue from "controlled nuclear fusion" products is currently negligible [34] - Hongrun Construction's shareholder plans to reduce its stake by up to 0.12% [35] - Puni Testing expects a net loss of 200 to 250 million RMB for 2025, although this represents an improvement from the previous year's loss [36] Group 12 - Kede Education's controlling shareholder is planning a change in control through a share transfer agreement [38] - Zhongwei Company’s major shareholder plans to reduce its stake by up to 2% [39] - Tongcheng New Materials is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [40] Group 13 - ST Jianyi's shareholder plans to reduce its stake by up to 1.23% [41]