Core Viewpoint - The company announced the approval of a proposal to use idle raised funds for cash management, with a maximum amount of up to 500 million yuan, ensuring that it does not affect the progress of investment projects and normal operations [1] Group 1: Company Actions - The company will hold its fifth board meeting and the fifth supervisory board meeting on April 24, 2025, to discuss the cash management proposal [1] - The company plans to invest in safe, liquid bank wealth management products and structured deposits, with a maximum investment period of twelve months [1] Group 2: Financial Management Strategy - The company aims to utilize idle raised funds for cash management while maintaining the integrity of its investment projects and operational activities [1] - The selected financial products will have high safety and liquidity, with a focus on capital preservation [1]

Core Viewpoint - The company, Zhaoyi Innovation (03986), has announced plans to utilize idle raised funds for cash management, ensuring that it does not affect the progress of investment projects or normal operations [1] Group 1: Financial Management - The company will use a maximum of 500 million yuan of idle raised funds for cash management [1] - The funds will be invested in safe, liquid financial products and structured deposits with capital protection agreements [1] - The investment period for the financial products or structured deposits will not exceed twelve months [1]

证券代码：603986 证券简称：兆易创新 公告编号：2026-014 兆易创新科技集团股份有限公司 关于使用 A 股闲置募集资金进行现金管理的公告 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： 已履行的审议程序：兆易创新科技集团股份有限公司（以下简称"公 司"）于 2025 年 4 月 24 日召开了第五届董事会第二次会议及第五届监事会 第二次会议，审议通过了《关于使用闲置募集资金进行现金管理的议案》， 在确保不影响募集资金投资项目建设进度和公司正常生产经营的情况下，公 司（含作为募投项目实施主体的全资子公司、全资孙公司，下同）拟使用最 高额度不超过 5 亿元的闲置募集资金进行现金管理，选择适当的时机，阶段 性购买安全性高、流动性好、有保本约定的银行理财产品和结构性存款，购 买的理财产品或结构性存款期限不得超过十二个月。上述现金管理自董事会 审议通过之日起一年内有效，并授权公司管理层在有效期和额度范围内行使 决策权。公司监事会发表了明确同意意见，保荐机构对本事项出具了无异议 的核查意见。 特别风险提示：公司 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 GigaDevice Semiconductor Inc. 兆易創新科技集團股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：3986） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 而 作 出。 茲載列兆易創新科技集團股份有限公司（「本公司」）在上海證券交易所網站刊 登 的 以 下 資 料 中 文 全 文，僅 供 參 閱。 承董事會命 兆易創新科技集團股份有限公司 董事長兼執行董事 朱一明先生 中 國，北 京，2026年2月10日 截 至 本 公 告 日 期，董 事 會 包 括：(i)執 行 董 事 朱 一 明 先 生、何 衛 先 生 及 胡 洪 先 生； (ii)非 執 行 董 事 文 恬 女 士；及(iii)獨 立 非 執 行 董 事 周 海 濤 先 ...

Group 1 - The core viewpoint of the report indicates a significant price increase in memory chips, with NAND flash prices rising over 100% and DRAM prices increasing by 60%-70% in Q1, driven by surging demand from AI servers and data center capital expenditures [1] - The current memory chip price increase is expected to continue until mid-2026, marking a new cycle in the storage chip sector, with strong growth in AI server demand and domestic substitution creating investment opportunities in related listed companies [1] - The price hikes in memory chips are impacting downstream industries, with consumer electronics manufacturers facing cost pressures, leading to potential adjustments in product structure and pricing strategies [1] Group 2 - TSMC reported a record high revenue of $33.73 billion in Q4 2025, a year-on-year increase of 25.5%, exceeding previous guidance, with a net profit of approximately $16.3 billion, reflecting a 35% year-on-year growth [2] - The gross margin reached 62.3%, marking a 3.3 percentage point increase year-on-year, while the operating profit margin was 54%, and the net profit margin was 48.3%, all significantly surpassing market expectations [2] - Advanced process revenue accounted for 77% of total revenue, with 3nm process contributing 28%, indicating a strong growth engine for revenue [2] Group 3 - The passive components market is experiencing a new wave of price increases, with major manufacturers raising prices by 5%-30%, driven by rising raw material costs and increased demand from high-end sectors like AI servers and electric vehicles [3] - Price increases in passive components such as MLCCs, inductors, and resistors are expected to transmit to various downstream applications, influenced by rising wafer processing costs and strong demand in automotive and industrial sectors [3] Group 4 - Companies to watch include IC design firms such as Zhaoyi Innovation, Puran, Dongxin, Beijing Junzheng, and Lanke Technology, as well as storage module manufacturers like Demingli and Shannon Chip Creation [4] - AI-related PCB companies such as Shenghong Technology, Hudian Co., Jingwang Electronics, and Kexiang Technology are also recommended for attention [4]

Market Performance - The film and television, media, and short drama game sectors saw significant gains, while cultivated diamonds, gold concepts, liquor, and photovoltaic equipment sectors declined [1] - The media sector experienced a surge with over 10 stocks hitting the daily limit up, including Duoke Culture, Zhongwen Online, and Rongxin Culture [1] Stock Performance - Notable gainers included: - Duoke Culture: +20.03% at 13.90 - Zhongwen Online: +20.01% at 42.34 - Rongxin Culture: +20.00% at 50.69 - Liujin Technology: +16.82% at 16.25 - Zhongxin Publishing: +10.93% at 34.70 [2] - Conversely, the photovoltaic equipment sector saw declines, with Guosheng Technology down over 9% and Shuangliang Energy down over 7% [3][4] Market Activity - The total trading volume in the Shanghai and Shenzhen markets was 2.11 trillion, a decrease of 143.9 billion from the previous trading day, with over 3,100 stocks declining [5] - As of the market close, the Shanghai Composite Index rose by 0.13%, the Shenzhen Component Index increased by 0.02%, while the ChiNext Index fell by 0.37% [6] Capital Flow - Main capital inflows were observed in the media, computer, and pharmaceutical sectors, while there were outflows from power equipment, non-bank financials, and retail sectors [7] - Specific stocks with significant net inflows included: - Light Media: 2.957 billion - Zhongwen Online: 2.079 billion - Sanhua Intelligent Control: 1.444 billion [7] Institutional Insights - CITIC Securities maintains an optimistic outlook on precious and non-ferrous metal prices through 2026 [8] - China Galaxy Securities views the current moment as a new starting point for the storage chip sector [8] - Huatai Securities is optimistic about the continued global market share growth of domestic engineering machinery manufacturers [8]

Group 1 - The core viewpoint of the articles highlights the positive performance of the consumer electronics sector, particularly the rise in the Zhongzheng Consumer Electronics Theme Index and its constituent stocks, indicating a potential recovery and growth in the industry [1][2] - The Zhongzheng Consumer Electronics Theme Index (931494) saw an increase of 0.29%, with notable gains from stocks such as Chipone Technology (6.57%), Sanhuan Group (4.41%), and Dongshan Precision (2.94%) [1] - The Consumer Electronics ETF (561600) also experienced a rise of 0.24%, closing at 1.23 yuan, reflecting the overall positive sentiment in the market [1] Group 2 - AI applications are becoming increasingly active, with ByteDance's Seedance 2.0 gaining attention for its ability to create high-quality videos from text or images in just 60 seconds, indicating a growing trend in AI-driven content creation [1] - Huatai Securities suggests that the technology and consumer sectors may see new catalysts around the Spring Festival, as the risks associated with U.S. tech giants' capital expenditures and earnings divergence, domestic AI companies' traffic subsidies, and overseas liquidity expectations are being adjusted [1] - The semiconductor and hardware sectors are expected to improve as the U.S. tech earnings reports are nearly complete, and domestic subsidies are being implemented, making these areas worthy of attention [1]

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - On February 9, all four major stock index futures contracts for the current month rose. IF rose 1.39%, IH rose 1.3%, IC rose 1.62%, and IM rose 2.15% [1]. - On the trading day, the total trading volume of stock index futures declined, indicating a decrease in investors' trading enthusiasm. Specifically, the total trading volume of IF decreased by 27,523 lots, IH by 14,359 lots, IC by 62,232 lots, and IM by 55,817 lots. In terms of positions, the total positions of IF decreased by 5,583 lots, IH by 5,647 lots, IC by 11,656 lots, and IM by 16,921 lots [2]. - The A - share market had a unilateral sharp rise. The Shanghai Composite Index rose more than 1%, and the ChiNext Index rose more than 3%. More than 4,600 stocks in the market rose. The Shanghai Composite Index closed up 1.41% at 4,123.09 points, the Shenzhen Component Index rose 2.17%, the ChiNext Index rose 2.98%, the Beixin 50 rose 1.36%, the Kechuang 50 rose 2.51%, the Wind All - A rose 1.89%, the Wind A500 rose 1.74%, and the CSI A500 rose 1.85%. The full - day trading volume of A - shares was 2.27 trillion yuan, compared with 2.16 trillion yuan the previous day [8]. - The Hong Kong stock market had a unilateral rise. The Hang Seng Index closed up 1.76% at 27,027.16 points; the Hang Seng Tech Index rose 1.34% to 5,417.6 points; the Hang Seng China Enterprises Index rose 1.52% to 9,168.33 points. The market trading volume on that day was HK$255.142 billion, an increase from HK$247.865 billion in the previous trading day [9]. Group 3: Summary by Relevant Catalogs 1. Stock Index Futures Data Tracking - **CSI 300 and Related Futures Contracts**: The closing price of CSI 300 was 4,719.1, up 1.63%. For IF2602, the closing price was 4,722.6, up 1.39%, with a basis of 3.54, a turnover of 24.32 billion yuan, a trading volume of 17,217 lots (down 4,079 lots), and an open interest of 26,451 lots (down 4,885 lots). Similar data are provided for other CSI 300 futures contracts [1]. - **SSE 50 and Related Futures Contracts**: The closing price of SSE 50 was 3,081.8, up 1.45%. For IH2602, the closing price was 3,083.6, up 1.30%, with a basis of 1.82, a turnover of 757 million yuan, a trading volume of 8,201 lots (down 1,889 lots), and an open interest of 11,631 lots (down 2,132 lots). Similar data are provided for other SSE 50 futures contracts [1]. - **CSI 500 and Related Futures Contracts**: The closing price of CSI 500 was 8,311.3, up 2.02%. For IC2602, the closing price was 8,322, up 1.62%, with a basis of 10.72, a turnover of 37.05 billion yuan, a trading volume of 22,324 lots (down 8,525 lots), and an open interest of 30,709 lots (down 4,656 lots). Similar data are provided for other CSI 500 futures contracts [1]. - **CSI 1000 and Related Futures Contracts**: The closing price of CSI 1000 was 8,233.8, up 2.26%. For IM2602, the closing price was 8,256, up 2.15%, with a basis of 22.22, a turnover of 47.6 billion yuan, a trading volume of 28,961 lots (down 9,674 lots), and an open interest of 45,633 lots (down 6,572 lots). Similar data are provided for other CSI 1000 futures contracts [1]. 2. Stock Index Futures Member Position Changes - The document provides the long - position and short - position changes of the top 20 member positions for different stock index futures contracts such as IF, IH, IC, and IM. For example, for IF2601, the long - position change was - 4,680, and the short - position change was - 4,347 [6]. 3. Trend Intensity - The trend intensity of IF and IH is 1, and the trend intensity of IC and IM is also 1. The trend intensity ranges from - 2 to 2, with - 2 indicating the most bearish and 2 indicating the most bullish [7]. 4. Important Drivers - On the morning of February 9, General Secretary Xi Jinping visited the National Information and Technology Innovation Park in Beijing. Apple CEO Tim Cook stated that AI will be the core pillar of Apple's future, and Apple will launch new AI - driven products and services [8]. - In the A - share market, the market was strong. The AI - related sectors such as CPO and AI application end were active, and photovoltaic concept stocks and disperse dye themes also performed well [8]. - In the Hong Kong stock market, the Hang Seng Index, Hang Seng Tech Index, and Hang Seng China Enterprises Index all rose, and some individual stocks such as Pop Mart, Zijin Mining, and JD Health had significant gains [9].

Group 1 - The core viewpoint of the article highlights the performance of the Chip ETF Huatai Fu (516920), which opened with a gain of 0.62% at 1.145 yuan on February 10 [1] - The major holdings of the Chip ETF include companies such as Cambricon, which rose by 1.67%, and SMIC, which increased by 0.23%. Other notable movements include Haiguang Information up by 1.90% and Northern Huachuang up by 0.82%, while Zhaoyi Innovation fell by 2.00% and Lanke Technology decreased by 0.55% [1] - The performance benchmark for the Chip ETF is the CSI Chip Industry Index return rate, managed by Huatai Fu Fund Management Co., Ltd. Since its establishment on July 27, 2021, the fund has achieved a return of 13.89%, with a recent one-month return of 0.11% [1]

Market Overview - The Shanghai Composite Index rose by 1.41% to close at 4123.09 points, with a daily high of 4123.16 points [1] - The Shenzhen Component Index increased by 2.17% to close at 14208.44 points, reaching a high of 14211.7 points [1] - The ChiNext Index saw a rise of 2.98%, closing at 3332.77 points, with a peak of 3340.33 points [1] Margin Trading and Securities Lending - The total margin trading and securities lending balance in the Shanghai and Shenzhen markets was 26,556.13 billion yuan, with a financing balance of 26,387.82 billion yuan and a securities lending balance of 168.31 billion yuan, reflecting an increase of 6.15 billion yuan from the previous trading day [2] - The Shanghai market's margin trading balance was 13,475.12 billion yuan, up by 4.76 billion yuan, while the Shenzhen market's balance was 13,081.01 billion yuan, increasing by 1.39 billion yuan [2] - A total of 3,480 stocks had financing funds for purchase, with the top three being Xinyi Technology (25.36 billion yuan), Zhongji Xuchuang (24.32 billion yuan), and Shenghong Technology (17.14 billion yuan) [2][3] Fund Issuance - Eight new funds were issued yesterday, including: - Shangyin Stable and Wise Three-Month Holding (FOF) C - Xinyuan CSI Hong Kong Stock Connect Technology Index C - Xinyuan CSI Hong Kong Stock Connect Technology Index A - Shangyin Stable and Wise Three-Month Holding (FOF) A - CITIC Construction Investment Shuangyi Three-Month Holding Period Bond A - Zhaoshang Yutian Mixed Initiation C - CITIC Construction Investment Shuangyi Three-Month Holding Period Bond C - Zhaoshang Yutian Mixed Initiation A [4][5] Top Net Purchases on the Dragon and Tiger List - The top ten net purchases on the Dragon and Tiger list were led by: - Zhongwen Online with a net purchase of 715.97 million yuan - TCL Zhonghuan with 517.15 million yuan - Zhongchao Holdings with 406.27 million yuan - Hunan Silver with 354.37 million yuan - Jiecheng Shares with 230.40 million yuan [6][7]