VeriSilicon(SH:688521) Zheng Quan Shi Bao Wang·2025-09-12 09:23Market Overview - A-shares experienced a decline in the afternoon session, with the ChiNext index dropping over 1%, while the Hong Kong market saw a strong rise, with the Hang Seng Tech Index increasing by over 2% [2] - The Shanghai Composite Index closed down 0.12% at 3870.6 points, the Shenzhen Component Index fell 0.43% to 12924.13 points, and the ChiNext Index decreased by 1.09% to 3020.42 points [2] - The total trading volume in the Shanghai and Shenzhen markets reached 25,486 billion yuan, an increase of 837 billion yuan from the previous day [2] Sector Performance Non-ferrous Metals - The non-ferrous metals sector saw a strong rally, with several stocks hitting the daily limit, including Electric Alloy (+20%), New Weiling (+12%), and Northern Copper (+10.01%) [3][4] - Yunnan Copper rose nearly 9%, indicating robust demand and market sentiment in this sector [3] Semiconductor - The semiconductor sector was active, with Chip Origin Co. hitting the daily limit of +20% after announcing a restructuring plan to acquire a majority stake in Chip Technology [6][8] - Other notable performers included Beijing Junzheng and Jiangbolong, which rose approximately 14% [6] Entertainment and Technology - The stock of Giant Legend, associated with Jay Chou, surged over 20% during the session, closing with a gain of about 13%, bringing its market capitalization to over 11 billion HKD [10][12] - The company is set to unveil its new product "Giant Dog" at the Shanghai Tourism Festival, which combines celebrity IP with technology [12] Economic Indicators - Recent data indicates that the U.S. job market remains strong, which may support copper prices despite short-term volatility due to anticipated interest rate cuts [5] - The upcoming "Golden September and Silver October" season is expected to boost demand for industrial metals, providing further support for prices [5] Industry Trends - The semiconductor equipment localization rate in China is projected to reach 18% by 2025, reflecting a 4 percentage point increase year-on-year, indicating a growing trend towards domestic production [9] - The semiconductor industry is facing a significant capacity gap, particularly in GPU production, highlighting the urgent need for enhanced infrastructure and domestic capabilities [9]