TC(SH:603421) 中国基金报·2025-09-22 16:02Core Viewpoint - Dingxin Communication has clarified its collaboration with Pingtouge Company, stating that the technology authorized is solely for chip self-development and is unrelated to AI intelligent reasoning chips [2][16]. Group 1: Stock Performance and Market Reaction - Dingxin Communication's stock price experienced a consecutive two-day limit-up, with a closing price of 8.17 yuan per share on September 22, reflecting a 9.96% increase and a total market capitalization of 5.328 billion yuan [5][12]. - The stock's price deviation exceeded 20% over three consecutive trading days, triggering abnormal trading conditions as per Shanghai Stock Exchange regulations [9][12]. - On September 19 and 20, the stock price surged, with significant buying from brokerage firms, while institutional accounts were among the sellers [9][11]. Group 2: Financial Performance - For the first half of 2025, Dingxin Communication reported a revenue of 704 million yuan, a year-on-year decline of 50.99%, and a net loss attributable to shareholders of 219 million yuan, compared to a loss of 50.49 million yuan in the same period of 2024 [13][14]. Group 3: Clarification of Technology Authorization - The company signed a technology authorization agreement with Pingtouge Company, which allows the use of E801/E802/E803 technology for developing traditional power and security products, with no connection to AI chips [16][17]. - The authorization is valid for five years, with a contract amount of 2 million yuan, and no other business cooperation exists between the two companies [17][19]. Group 4: Regulatory Response - The Shanghai Stock Exchange issued a regulatory warning to Dingxin Communication for inaccurately disclosing information, which could mislead investors [19][20]. - The company is required to submit a rectification report within one month and conduct a thorough review of compliance risks in information disclosure and operational norms [20].