证券代码：603929 证券简称：亚翔集成 公告编号：2025-053 亚翔系统集成科技（苏州）股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 重要内容提示： 亚翔系统集成科技（苏州）股份有限公司（以下简称"公司"）股票于 2025 年 12 月 22 日、12 月 23 日连续两个交易日内日收盘价格涨幅偏离值累 计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异 常波动情形。 经公司自查，并书面征询控股股东及实际控制人，截至本公告披露日， 确认不存在应披露而未披露的重大信息。 二级市场交易风险：截至 2025 年 12 月 23 日收盘，公司收盘价格为 108.31 元。根据中证指数网（www.csindex.com.cn）发布的数据，公司所属 行业"E 建筑业"门类下的"E49 建筑安装业"最新市净率为 4.80 倍，公司 最新市净率为 12.38 倍，公司市净率显著高于行业平均水平。当前公司股票 价格短期涨幅较大，存在市场情绪过热、非理性炒作风险，敬请广大投资者 ...

Market Performance - On December 23, A-shares opened higher but experienced fluctuations in the afternoon, closing with mixed results. The Shanghai Composite Index rose by 0.07% to 3919.98 points, the Shenzhen Component Index increased by 0.27% to 13368.99 points, and the ChiNext Index gained 0.41% to 3205.01 points. The STAR Market 50 Index rose by 0.36% to 1340.02 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.9 trillion yuan, with over 1500 stocks rising across the market [1] Sector Performance - The Hainan Free Trade Zone concept showed strong performance, with stocks like Hainan Haiyao, Hainan Ruize, and Hainan Development hitting the daily limit [1] - The lithium battery sector also performed well, with Tianji Co. reaching the daily limit [1] - Liquid cooling server stocks surged in the afternoon, with Yingweike and Jitai Co. hitting the daily limit [1] - The semiconductor equipment sector was active, with Shenghui Integration and Yaxiang Integration achieving consecutive limit-ups [1] - The non-ferrous tungsten sector was lively, with Xianglu Tungsten and Zhangyuan Tungsten both hitting the daily limit [1] Stock Limit Information - A total of 54 stocks hit the daily limit, with 17 stocks achieving consecutive limit-ups. There were 21 stocks that failed to hit the limit, resulting in a limit-up rate of 72% (excluding ST and delisted stocks) [1] Semiconductor Industry Insights - The International Semiconductor Equipment Industry Association (SEMI) reported that global semiconductor manufacturing equipment sales are expected to reach $133 billion by 2025, representing a year-on-year growth of 13.7%, marking a historical high [6]

Market Overview - The market experienced a pullback after an initial rise, with major indices briefly turning negative, while the ChiNext index rose over 1% during the day [1] - Three newly listed stocks saw significant gains, triggering a second trading halt, with total trading volume in the Shanghai and Shenzhen markets reaching 1.9 trillion yuan, an increase of 37.9 billion yuan from the previous trading day [1] - Nearly 3,900 stocks in the market declined, indicating a broad sell-off [1] Sector Performance - The lithium battery sector showed strong performance, with Tianji Co. and Binhai Energy hitting the daily limit, and several other companies like Huazi Technology and Penghui Energy also posting significant gains [2] - The price of lithium carbonate futures rose over 5%, driven by strong demand from energy storage and the overall improvement in the lithium battery industry chain since December [2] - The semiconductor equipment sector was active, with companies like Shenghui Integration and Yaxiang Integration hitting the daily limit, supported by a report from SEMI predicting a 13.7% year-on-year increase in global semiconductor manufacturing equipment sales by 2025 [2] Individual Stock Movements - In the commercial aerospace sector, stocks like Shunhao Co. and Jiu Zhi Yang saw significant declines, with Shunhao Co. hitting the daily limit down [3][5] - The market showed increased divergence, with some stocks achieving multiple trading limits, while others in previously popular sectors like commercial aerospace and retail faced substantial losses [5] - Newly listed stocks such as N Tian Su and N Xi Hua experienced significant gains, indicating a shift in market interest towards new listings [5] Future Market Analysis - The market is expected to continue its oscillation, with the Shanghai Composite Index needing to hold above the December 8 high of 3,936 for a favorable outlook [7] - The ChiNext index faces resistance around 3,250, and whether it can break through this level with increased volume will be a key focus [7] - Despite short-term pullbacks, there are no signs of a complete market retreat, suggesting ongoing opportunities in sectors like computing hardware, semiconductors, lithium batteries, and commercial aerospace [7]

Market Overview - On December 23, A-shares experienced a slight increase with the Shanghai Composite Index rising by 0.07%, the Shenzhen Component Index by 0.27%, and the ChiNext Index by 0.41% [1] - The total trading volume in the Shanghai and Shenzhen markets approached 1.92 trillion, showing a slight increase compared to the previous day [1] - Over 1,500 stocks rose, with nearly 70 stocks hitting the daily limit, while around 3,900 stocks declined [1] Sector Performance - The Hainan Free Trade Zone concept stocks showed strong performance, with Hainan Haiyao (000566), Hainan Ruize (002596), and Hainan Development (002163) hitting the daily limit [3] - The lithium battery sector also performed well, with Tianji Co. (002759) reaching the daily limit [3] - Liquid cooling service providers saw gains in the afternoon, with Yingweike (002837) and Jitai Co. (002909) hitting the daily limit [3] - Semiconductor equipment concepts were active, with Shenghui Integration (603163) and Yaxiang Integration (603929) achieving consecutive limit-ups [3] - The non-ferrous tungsten sector was active, with Xianglu Tungsten (002842) and Zhangyuan Tungsten (002378) both hitting the daily limit [3] - The electric grid equipment sector saw a late surge, with Baobian Electric (600550) hitting the daily limit, followed by other stocks like Shun Sodium (000533) and Zhongneng Electric (300062) rising [3] New Listings - Three newly listed stocks all experienced significant gains, with N Tian Su (N天溯) and N Xi Hua (N锡华) triggering a second trading halt due to rapid price increases [3] Declining Sectors - The satellite internet sector faced declines, with stocks like Huati Technology (603679) hitting the daily limit down, and China Satellite Communications (601698) nearing the limit down [4] - The commercial aerospace sector also struggled, with Shunhao Co. (002565) and others hitting the daily limit down [4] - The tourism and hotel sector declined, with Qujiang Cultural Tourism (600706) hitting the daily limit down [4] - The education sector continued to decline, with China High-Tech (600730) hitting the daily limit down [4] - The Beidou navigation sector weakened, with Jiuzhiyang (300516) dropping over 12% [4] - Other sectors such as 3D glass, 6G concepts, and digital currency saw significant declines [4] Hong Kong Market - In the Hong Kong market, major indices turned negative, with the Hang Seng Technology Index falling by 0.8% [5] - Several tech stocks experienced sharp declines, including Horizon Robotics down nearly 5% and Kuaishou down 4% [5]

Core Viewpoint - The article highlights the strong performance of stocks with consecutive price increases, particularly in the semiconductor equipment sector, amidst a generally weak market sentiment with a significant number of stocks declining [1] Group 1: Market Performance - A total of 54 stocks hit the daily limit up, with 17 stocks classified as consecutive limit-up stocks, and 9 of these achieved three consecutive limit-ups or more [1] - The advancement rate of consecutive limit-up stocks is reported at 56.25%, excluding ST and delisted stocks [1] - The overall market saw nearly 3,900 stocks decline, indicating a weakening short-term sentiment [1] Group 2: Notable Stocks - Among the notable stocks, Shengtong Energy and Jiamei Packaging achieved consecutive limit-ups, while Luyan Pharmaceutical reached a five consecutive limit-up [1] - Shenjian Co. experienced a significant increase, achieving a four consecutive limit-up with notable trading volume [1] - Newly listed stocks N Tian Su and N Xi Hua both saw substantial gains, triggering a second trading halt [1] Group 3: Sector Performance - The semiconductor equipment sector, represented by cleanroom technology, continues to show strong performance with stocks like Shenghui Integration, Yaxiang Integration, and Chuangyuan Technology achieving two consecutive limit-ups [1] - The liquid cooling server concept remains active, with Yingweike hitting a historical high and stocks like Tongfei Co. and Yidong Electronics also achieving limit-ups [1]

Market Overview - The market experienced a pullback after an initial rise, with all three major indices briefly turning negative. The ChiNext index saw an intraday increase of over 1% [1][2] - At the close, the Shanghai Composite Index rose by 0.07%, the Shenzhen Component by 0.27%, and the ChiNext index by 0.41% [1][2] - The total trading volume in the Shanghai and Shenzhen markets reached 1.9 trillion yuan, an increase of 37.9 billion yuan compared to the previous trading day [1][2] - Nearly 3,900 stocks in the market declined [1][2] Sector Performance - The Hainan Free Trade Zone concept showed localized strength, with stocks such as Hainan Haiyao, Hainan Ruize, and Hainan Development hitting the daily limit [1][2] - The lithium battery sector was strong, with Tianji Co. reaching the daily limit [1][2] - Liquid cooling server stocks surged in the afternoon, with Yingweike and Jitai Co. also hitting the daily limit [1][2] - The semiconductor equipment sector was actively trading, with Shenghui Integration and Yaxiang Integration achieving consecutive gains [1][2] - The non-ferrous tungsten sector performed well, with Xianglu Tungsten and Zhangyuan Tungsten both hitting the daily limit [1][2] Declining Sectors - The commercial aerospace sector saw a pullback, with Shunhao Co. and Aerospace Machinery falling to the daily limit [1][2] - The tourism sector experienced declines, with Qujiang Cultural Tourism hitting the daily limit [1][2] - Sectors such as lithography machines, batteries, and the Hainan Free Trade Zone saw the largest gains, while tourism and hotel, as well as commercial aerospace sectors, faced the largest declines [1][2]

Group 1: Lithium Battery Materials - Company has a production capacity of 5,800 tons/year of lithium hexafluorophosphate through its wholly-owned subsidiary [2] - Company is a leading manufacturer of aluminum grain refiners globally [2] - Company maintains a complete industrial chain from fluorine resources to lithium battery production [2] Group 2: Semiconductor Industry - Company has developed photolithography acid products for the semiconductor photolithography field and is actively promoting them in the downstream market [3] - Company has achieved stage results in the development of photosensitive polyimide (PSPI) photolithography glue for semiconductor packaging, currently in the laboratory sample testing phase [3] - Company provides ultra-thin equipment end self-contained fan filter units and ultra-high-efficiency filters for the domestic 28nm photolithography equipment process [3] Group 3: Cleanroom and Thermal Management Solutions - Company is a leading player in the cleanroom industry, with clients including Changxin [3] - Company focuses on thermal management solutions for data centers and energy storage [3] - Company has launched cold plate liquid cooling and immersion liquid cooling products for data centers [3] Group 4: Consumer Goods and Food Industry - Company is a small leader in compound seasoning products, with a range of offerings including compound seasoning powder and natural extract seasonings [4] - Company has a total production capacity of 180,000 tons for its prepared food series, including frozen and beef products [4] - Company is a major retail chain enterprise focusing on commercial retail [4] Group 5: Electronic Materials - Company specializes in electronic-grade resin materials, essential for manufacturing high-frequency and high-speed PCBs [5] - Company is one of the few domestic manufacturers capable of mass production of Low CTE electronic cloth [5] - Company plans to raise 720 million yuan through a private placement to supplement working capital or repay bank loans [5] Group 6: Tungsten Industry - Company is one of the largest tungsten refining product processing enterprises and the largest tungsten powder production base [6] - Company has established a testing and evaluation center for rare earth products in collaboration with China Southern Rare Earth Group [6] Group 7: Automation and Robotics - Company has core technologies in machine vision, precision sensing, motion control, and software, providing automation solutions across various industries [7] - Company has raised funds for research projects in photovoltaic ultra-fine tungsten wire and high-performance cutting tool surface coating technology [7] - Company has developed graphene transparent conductive film technology applicable in flexible touch fields [7]

Market Overview - The A-share market experienced a pullback after an initial rise, with all three major indices briefly turning negative, while the ChiNext index rose over 1% during the day [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.9 trillion, an increase of 37.9 billion compared to the previous trading day [7] - Nearly 3,900 stocks in the market declined, indicating a broad market weakness [1] Sector Performance - The Hainan Free Trade Zone concept stocks showed strong performance, with Hainan Haiyao, Hainan Ruize, and Hainan Development hitting the daily limit [1] - The lithium battery sector also performed well, with Tianji Co. reaching the daily limit [1] - Liquid cooling server stocks surged in the afternoon, with Yingweike and Jitai Co. hitting the daily limit [1] - Semiconductor equipment concepts were actively traded, with Shenghui Integration and Yaxiang Integration achieving consecutive limit-ups [1] - The tungsten sector was active, with Xianglu Tungsten and Zhangyuan Tungsten both hitting the daily limit [1] - Conversely, the commercial aerospace sector saw a pullback, with Shunhao Co. and Aerospace Machinery both hitting the daily limit down [1] - The tourism sector faced declines, with Qujiang Cultural Tourism hitting the daily limit down [1][2] Index Performance - At the close, the Shanghai Composite Index rose by 0.07%, the Shenzhen Component Index increased by 0.27%, and the ChiNext Index gained 0.41% [3][4]

Market Overview - The market experienced a pullback after an initial rise, with all three major indices briefly turning negative, while the ChiNext index saw an intraday increase of over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.9 trillion, an increase of 37.9 billion compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index rose by 0.07%, the Shenzhen Component Index increased by 0.27%, and the ChiNext index gained 0.41% [1] Sector Performance - The sectors that performed well included photolithography machines, batteries, and the Hainan Free Trade Zone, while tourism and hotel, as well as commercial aerospace sectors, faced declines [1] - The Hainan Free Trade Zone concept showed strong performance, with stocks like Hainan Haiyao, Hainan Ruize, and Hainan Development hitting the daily limit [1] - The lithium battery sector also saw strength, with Tianji Co. reaching the daily limit [1] - Liquid cooling servers experienced a surge in the afternoon, with stocks such as Invec and Jitai Co. hitting the daily limit [1] - The semiconductor equipment concept was actively traded, with Shenghui Integration and Yaxiang Integration achieving consecutive daily limits [1] - The non-ferrous tungsten concept was active, with Xianglu Tungsten and Zhangyuan Tungsten both hitting the daily limit [1] - On the downside, the commercial aerospace concept saw a pullback, with Shunhao Co. and Aerospace Machinery both hitting the daily limit down [1] - The tourism sector faced declines, with multiple stocks such as Qujiang Cultural Tourism hitting the daily limit down [1] Trading Metrics - The limit-up rate was recorded at 72.00% with 54 stocks hitting the limit and 21 stocks touching the limit down [3] - The opening rate was 70%, and the profit rate was noted at 1.37% [3]

Core Viewpoint - Evercreative Investments Ltd., a shareholder holding more than 5% of the shares, has completed a reduction of its stake in Yaxiang Integrated, selling a total of 1,162,000 shares, which represents 0.5446% of the total share capital [2] Group 1 - The reduction of shares occurred between September 23, 2025, and December 22, 2025 [2] - The share reduction plan has been fully implemented [2]