Cctech(SZ:300604) Mei Ri Jing Ji Xin Wen·2025-10-31 01:13Market Overview - As of October 30, 2025, the Shanghai Composite Index fell by 0.73% to close at 3986.90 points, the Shenzhen Component Index dropped by 1.16% to 13532.13 points, and the ChiNext Index decreased by 1.84% to 3263.02 points [1] - Overnight, the Dow Jones Industrial Average declined by 0.23%, the Nasdaq Composite Index fell by 1.57%, and the S&P 500 Index decreased by 0.99% [1] - The Philadelphia Semiconductor Index dropped by 1.53%, with notable movements in semiconductor stocks such as NXP Semiconductors rising by 0.82%, Micron Technology falling by 1.16%, ARM decreasing by 2.90%, Applied Materials dropping by 1.36%, and Microchip Technology declining by 0.75% [1] Company Performance - Longchuan Technology reported a revenue of 3.779 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 49.05%, and a net profit attributable to shareholders of 865 million yuan, up 142.14% [2] - Yuanjie Technology announced a revenue of 178 million yuan for the third quarter, a year-on-year increase of 207.31%, and successfully turned around from a loss of 11.3 million yuan in the previous year to a net profit of 59.63 million yuan [2] - The China Securities Regulatory Commission approved the initial public offering and registration application for Moore Threads Intelligent Technology (Beijing) Co., Ltd. to be listed on the Sci-Tech Innovation Board [2] Industry Insights - Shenwan Hongyuan Securities indicated that the market outlook remains unchanged, with a positive view on technology growth leading the market in the fourth quarter, driven by policy alignment and industry trends focusing on AI, robotics, and semiconductors in 2025 [2] - The Sci-Tech Semiconductor ETF and its linked funds focus on semiconductor equipment (61%) and semiconductor materials (23%), highlighting the importance of domestic substitution in these sectors, which are characterized by low domestic replacement rates and high ceilings for domestic substitution [3] - The Semiconductor Materials ETF also emphasizes the upstream semiconductor industry, with significant allocations to semiconductor equipment (61%) and materials (21%) [3]