Core Viewpoint - Yunhan Chip City experienced a 1.93% increase in stock price with a turnover rate of 36.76% and a trading volume of 966 million yuan, indicating significant trading activity and interest from investors [1] Trading Activity - The stock was listed on the Dragon and Tiger list due to its turnover rate reaching 36.76%, with institutional investors net selling 127 million yuan [1] - The top five trading departments accounted for a total transaction volume of 259 million yuan, with a net sell of 125 million yuan [1] - Specific trading details show that five institutional seats were involved, with total buying amounting to 49.24 million yuan and selling amounting to 176 million yuan, resulting in a net sell of 127 million yuan [1] Recent Performance - Over the past six months, the stock has appeared on the Dragon and Tiger list 15 times, with an average price increase of 6.70% the day after being listed and an average increase of 13.68% in the following five days [2] - Today's main capital flow showed a net inflow of 57.86 million yuan, with large orders contributing 43.96 million yuan and big orders contributing 13.89 million yuan [2] - In the last five days, the main capital has seen a net outflow of 147 million yuan [2]

Core Insights - Yunhan Chip City experienced a decline of 6.34% in stock price on November 11, with a trading volume of 708 million yuan [1] - The company reported a financing buy-in of 44.86 million yuan and a net financing buy of 57,800 yuan on the same day [1] - As of November 11, the total financing and securities lending balance for Yunhan Chip City was 157 million yuan, accounting for 6.17% of its market capitalization [1] Financial Performance - For the period from January to September 2025, Yunhan Chip City achieved a revenue of 2.229 billion yuan, representing a year-on-year growth of 20.68% [2] - The net profit attributable to shareholders for the same period was 81.46 million yuan, showing a significant increase of 46.74% year-on-year [2] Shareholder Information - As of September 30, the number of shareholders for Yunhan Chip City reached 26,400, which is an increase of 77,652.94% compared to the previous period [2] - The average number of circulating shares per shareholder was 527 shares, remaining unchanged from the previous period [2] Company Overview - Yunhan Chip City, established on May 7, 2008, is located in Songjiang District, Shanghai [1] - The company operates a B2B online marketplace that provides a one-stop supply chain service for the electronic manufacturing industry, including product design, PCBA manufacturing, and technical support [1] - The main revenue sources for the company include semiconductor devices (56.14%), connectors (17.35%), passive components (16.05%), and others (10.19%) [1]

Core Viewpoint - The company emphasizes that all financial data is prepared in strict accordance with accounting standards and regulations, ensuring the accuracy and completeness of its periodic reports [2] Group 1: Business Model - The company operates as an online distributor of electronic components primarily targeting the electronic manufacturing industry, focusing on the procurement needs of small to medium-sized batches during the R&D, trial production, and manufacturing processes [2] - The company's business model involves digital and intelligent transformation of the traditional electronic component distribution sector, utilizing a self-built B2B online marketplace [2] - The company addresses inefficiencies in the traditional electronic component distribution market by effectively serving the small batch order needs of downstream electronic manufacturing enterprises [2] Group 2: Profit Margin Comparison - The company highlights that the differences in gross margin compared to some industry peers stem from fundamental differences in core business models [2] - The company's model contrasts with offline agency models that focus on serving mass production stage bulk order needs, making direct gross margin comparisons inappropriate [2]

Market Overview - The other electronic sector experienced a decline of 3.54% on November 11, with Shannon Semiconductor leading the drop [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Stock Performance - Notable gainers in the other electronic sector included: - Chuangyitong (300991) with a closing price of 38.64, up 2.36% [1] - ST Xinya (002388) with a closing price of 6.27, up 2.28% [1] - Tailong Co., Ltd. (300650) with a closing price of 19.68, up 1.76% [1] - Major decliners included: - Shannon Semiconductor (300475) with a closing price of 176.58, down 9.83% [2] - Yunhan Xincheng (301563) with a closing price of 66.181, down 6.34% [2] - Yachuang Electronics (301099) with a closing price of 47.88, down 5.41% [2] Capital Flow - The other electronic sector saw a net outflow of 2.166 billion yuan from major funds, while retail investors contributed a net inflow of 1.776 billion yuan [2] - Specific stock capital flows included: - Jingquan Hua (002885) with a net inflow of 71.73 million yuan from major funds [3] - Zhongdian Port (001287) with a net inflow of 67.64 million yuan from major funds [3] - Tailong Co., Ltd. (300650) with a net inflow of 62.87 million yuan from major funds [3]

Market Overview - As of November 10, the Shanghai Composite Index closed at 4018.60 points, up 21.04 points, with a gain of 0.53% [1] - The Shenzhen Component Index closed at 13427.61 points, up 23.56 points, with a gain of 0.18% [1] - The ChiNext Index closed at 3178.83 points, down 29.38 points, with a loss of 0.92% [1] Stock Performance - A total of 81 A-shares had a turnover rate exceeding 20% on this day, indicating significant trading activity [1] - Notable stocks with high turnover rates included: - Haili Heavy Industry (002255) with a turnover rate of 54.19% and a closing price of 14.86 CNY, up 3.34% [1] - Zhongneng Electric (300062) with a turnover rate of 52.40% and a closing price of 11.12 CNY, down 2.28% [1] - Xue Ren Group (002639) with a turnover rate of 50.85% and a closing price of 15.00 CNY, up 7.45% [1] Notable Stocks with High Turnover Rates - The following stocks also exhibited significant turnover rates: - C Daming (603376) at 49.12% turnover, closing at 46.12 CNY, down 9.50% [1] - Qing Shui Yuan (300437) at 46.35% turnover, closing at 17.59 CNY, up 19.99% [1] - Zhongzhi Technology (301361) at 46.11% turnover, closing at 40.68 CNY, up 4.33% [1] Additional High Turnover Stocks - Other stocks with notable turnover rates included: - C Delijia (603092) at 44.10% turnover, closing at 72.82 CNY, up 3.26% [1] - Haike New Source (301292) at 43.80% turnover, closing at 48.50 CNY, up 14.33% [1] - Bluefeng Biochemical (002513) at 42.39% turnover, closing at 8.86 CNY, up 0.34% [1]

Core Insights - Yunhan Chip City experienced a decline of 4.97% in stock price on November 5, with a trading volume of 777 million yuan [1] - The company reported a financing buy-in amount of 57.06 million yuan and a net financing buy of 3.54 million yuan on the same day [1][2] - As of November 5, the total financing and securities balance for Yunhan Chip City was 179 million yuan, accounting for 5.95% of its market capitalization [1] Financing Summary - On November 5, Yunhan Chip City had a financing buy-in of 57.06 million yuan, with a current financing balance of 179 million yuan [1] - The company had no securities sold or repaid on that day, indicating no activity in short selling [1] Company Overview - Yunhan Chip City, established on May 7, 2008, is located in Shanghai and focuses on providing a one-stop supply chain service for the electronic manufacturing industry through its B2B online mall [1] - The company's main business revenue composition includes: semiconductor devices (56.14%), connectors (17.35%), passive components (16.05%), and others (10.19%) [1] Financial Performance - For the period from January to September 2025, Yunhan Chip City achieved a revenue of 2.229 billion yuan, representing a year-on-year growth of 20.68% [2] - The net profit attributable to shareholders for the same period was 81.46 million yuan, reflecting a year-on-year increase of 46.74% [2] Shareholder Information - As of September 30, the number of shareholders for Yunhan Chip City reached 26,400, an increase of 77,652.94% compared to the previous period [2] - The average number of circulating shares per shareholder was 527 shares, showing no change from the previous period [2]

（文章来源：证券日报） 证券日报网讯 11月4日晚间，云汉芯城发布公告称，本次变更后，公司首次公开发行股票并在创业板上 市项目的保荐代表人为丘永强先生和王学霖先生。 ...

Group 1 - The company is a leading B2B enterprise in the electronic components sector, focusing on R&D, production, and procurement of small-batch electronic components. Revenue projections for 2022-2024 are 4.333 billion, 2.637 billion, and 2.577 billion CNY, with year-on-year growth rates of 12.97%, -39.14%, and -2.27% respectively. Net profit for the same years is projected at 136 million, 79 million, and 88 million CNY, with growth rates of -15.86%, -42.04%, and 12.29% respectively. In the first half of 2025, revenue reached 1.44 billion CNY, a year-on-year increase of 17.82%, while net profit was 54 million CNY, up 40.65% [1] - The market for electronic component distribution in China is rapidly growing, with a low market share concentration among leading companies. As of 2021, the top three and top ten distributors held less than 5% and 10% market share respectively. The domestic market size has grown from 1.2 trillion CNY in 2015 to 1.85 trillion CNY in 2022 [1] Group 2 - The company has demonstrated strong technological innovation capabilities, holding 17 invention patents and 255 software copyrights. Collaborations with teams from Shanghai Jiao Tong University have resulted in publications in various scientific journals. The company has developed a SaaS software called HiBOM, which efficiently parses different types of BOM files with an accuracy rate exceeding 90% and a parsing time of under 300ms [2] Group 3 - The company has established a strong brand image through partnerships with over 4,200 suppliers and data collaborations with more than 2,500 suppliers. It offers 27.9924 million SKUs daily, covering various downstream applications such as mobile communications, consumer electronics, and automotive electronics. The registered user base exceeds 696,500, with over 158,900 enterprise customers from diverse industries. In 2020, the company was awarded "Annual Excellence in Electronic Industry Internet Enterprise" by ASPENCORE, being the only innovative enterprise in the electronic components sector recognized for its online marketplace operations [3]

Investment Rating - The report assigns a "Buy" rating for the company, predicting that the stock price will outperform the Shanghai Composite Index by 15% or more in the upcoming period [42]. Core Insights - The company, Yunhan Xincheng, is a leading B2B enterprise in the electronic components sector, focusing on the R&D, production, and procurement needs of small-batch electronic components [1][2]. - The electronic components distribution industry in China has a low market share concentration among leading companies, indicating significant growth potential [2][21]. - The company has demonstrated strong technological innovation capabilities, holding 17 invention patents and 255 software copyrights, and has developed a SaaS tool, HiBOM, for efficient BOM parsing [2][37]. Summary by Sections Industry Overview - The electronic components industry is a foundational sector for the electronic information industry, characterized by a large market scale and diverse product categories, including semiconductors, passive components, and connectors [8]. - The Chinese electronic components distribution market has grown from 12 trillion yuan in 2015 to 18.5 trillion yuan in 2022, reflecting a rapid expansion [21][24]. Company Overview - Yunhan Xincheng's main business includes B2B sales of electronic components and PCBA services, primarily through its self-operated online platform [25][26]. - The company achieved revenues of 4.333 billion yuan in 2022, with a projected decline in 2023 and 2024, followed by a recovery in 2025, where it reported a revenue of 1.44 billion yuan in the first half of 2025, a 17.82% increase year-on-year [1][30]. Company Highlights - The company has established a robust supplier network with over 4,200 suppliers and more than 2,500 engaged in data collaboration, offering a wide range of products across various applications [3][38]. - The registered user base exceeds 696,500, with over 158,900 cumulative enterprise customers, indicating a strong market presence [3][38]. - The company has been recognized for its excellence in the electronic industry, winning awards such as the "Annual Excellence in Electronic Industry Internet" [3][38].

公司董事会对曾弘霖先生在首次公开发行股票并在创业板上市以及持续督 导期间所作出的贡献表示衷心感谢！ 王学霖先生的简历详见附件。 证券代码：301563 证券简称：云汉芯城 公告编号：2025-018 云汉芯城（上海）互联网科技股份有限公司 关于更换持续督导保荐代表人的公告 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。 云汉芯城（上海）互联网科技股份有限公司（以下简称"公司"）于近日收到 国金证券股份有限公司（以下简称"国金证券"）出具的《关于更换保荐代表人的 函》。现将具体情况公告如下： 国金证券作为公司首次公开发行股票并在创业板上市项目的保荐机构，原 指派丘永强先生、曾弘霖先生担任保荐代表人负责保荐工作及持续督导工作。 现因原保荐代表人曾弘霖先生工作变动，不再继续负责持续督导工作，国金证 券指派王学霖先生接替其担任公司首次公开发行股票并在创业板上市项目的保 荐代表人，继续履行持续督导职责。 本次变更后，公司首次公开发行股票并在创业板上市项目的保荐代表人为 丘永强先生和王学霖先生。持续督导期至中国证券监督管理委员会和深圳证券 交易所规定的持续督导义务结束为止 ...