5倍股股东七折甩卖股份，37家机构接盘

Core Viewpoint - The recent share transfer plan of Chip Origin Co., Ltd. (688521.SH) has led to a significant drop in its stock price, despite a substantial increase in its stock value over the past year. The share transfer was priced at approximately 66.63% of the market price, indicating a "discounted" transaction [1][6][9]. Company Summary - Chip Origin Co., Ltd. announced a share transfer plan on August 25, with a transfer price set at 105.21 CNY per share, which is about 66.63% of the closing price on the same day (157.90 CNY) [3][6]. - The share transfer involves 5% of the company's shares, fully subscribed by 37 institutional investors, including fund management companies, insurance companies, and private equity firms [6][9]. - The company reported a net loss of 320 million CNY for the first half of 2025, with a revenue of 974 million CNY, reflecting a year-on-year growth of 4.49% [7][9]. - In the second quarter of 2025, the company achieved a net loss of approximately 99.51 million CNY, a significant improvement compared to the previous quarter's loss of 220.34 million CNY, indicating a 54.84% reduction in quarterly losses [7][9]. Industry Summary - The semiconductor sector, particularly ASIC chips, is gaining traction, with significant growth expected as companies like Meta and Microsoft begin deploying self-developed ASIC solutions [10]. - The ASIC chip market is projected to surpass NVIDIA's total shipments by 2026, driven by its cost-effectiveness and performance advantages over GPUs [10]. - Analysts from various securities firms express optimism about the long-term market prospects for ASIC chips, highlighting Chip Origin's strong position in the domestic market and its potential for rapid growth alongside the AI industry [10].