Group 1 - The company Longxin Zhongke (688047.SH) has disclosed a shareholder inquiry transfer plan [1] - The shareholders participating in this transfer are Xinyuan Investment, Tiantong Xinzhen, and Tiantong Xinguo [1] - The total number of shares to be transferred is 5.4982 million shares, accounting for 1.37% of the company's total share capital [1]

中信证券股份有限公司 关于龙芯中科技术股份有限公司股东 向特定机构投资者询价转让股份 相关资格的核查意见 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 1 中信证券股份有限公司（以下简称"中信证券"）受龙芯中科技术股份有限 公司（以下简称"龙芯中科"）股东北京天童芯正科技发展中心（有限合伙）、 北京天童芯国科技发展中心（有限合伙）、北京天童芯源投资管理中心（有限合 伙）（以下合称"出让方"）委托，组织实施本次龙芯中科首发前股东向特定机 构投资者询价转让（以下简称"本次询价转让"）。 根据《关于在上海证券交易所设立科创板并试点注册制的实施意见》《科创 板上市公司持续监管办法（试行）》《上海证券交易所科创板股票上市规则（2025 年 4 月修订）》《上海证券交易所科创板上市公司自律监管指引第 4 号——询价 转让和配售（2025 年 3 月修订）》（以下简称"《询价转让和配售指引》"）等 相关规定，中信证券对参与本次询价转让股东的相关资格进行核查，并出具本核 查意见。 一、本次询价转让的委托 中信证券收到出让方关于本次询价转让的委托，委托中信证券组织实施本次 询价转让。 二、关于参与本次询价转让股东 ...

重要内容提示： 证券代码：688047 证券简称：龙芯中科 公告编号：2025-022 龙芯中科技术股份有限公司 股东询价转让计划书 北京天童芯源投资管理中心（有限合伙）（以下简称"芯源投资"）、北京天 童芯正科技发展中心（有限合伙）（以下简称"天童芯正"）、北京天童芯国科技 发展中心（有限合伙）（以下简称"天童芯国"）（以下合称"出让方"）、北京天 童芯源科技有限公司（以下简称"天童芯源"）保证向龙芯中科技术股份有限公 司（以下简称"公司"或"龙芯中科"）提供的信息内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 1 拟参与龙芯中科首发前股东询价转让（以下简称"本次询价转让"）股 东为芯源投资、天童芯正、天童芯国； 公司控股股东天童芯源承诺通过出让方间接持有的股份不参与本次询 价转让； 出让方拟转让股份的总数为 5,498,219 股，占龙芯中科总股本的比例为 1.37%；截至本公告披露日，出让方自解除限售之日起尚未减持龙芯中 科股份； 本次询价转让为非公开转让，不会通过集中竞价交易或大宗交易 ...

Group 1 - The company Longxin Zhongke (688047.SH) has disclosed a shareholder inquiry transfer plan [1] - The participating shareholders in this inquiry transfer are Xinyuan Investment, Tiantong Xinzhen, and Tiantong Xinguo [1] - The total number of shares to be transferred is 5.4982 million shares, accounting for 1.37% of the company's total share capital [1]

Core Viewpoint - Longxin Zhongke (688047.SH) announced that its shareholders, Xinyuan Investment, Tiantong Chip Zheng, and Tiantong Chip Guo, plan to transfer 5.498 million shares through a pricing inquiry, accounting for 1.37% of the total share capital [1] Group 1 - The transferring parties are all concerted actors of the company's controlling shareholder, Tiantong Xinyuan, which has committed not to participate in this transfer [1] - The reason for the transfer is due to the transferring parties' own funding needs [1]

Core Viewpoint - The fundamental path for China's information industry lies in establishing a third ecological system independent of X86 and ARM architectures, as stated by the chairman of Loongson Technology, Hu Weiwu [2][4]. Company Development - Loongson Technology focuses on building an independent information technology ecosystem through self-controlled chips, emphasizing self-reliance in research, production, and software ecology [2][5]. - The company transitioned from a research team to an enterprise in 2010, aiming to industrialize its CPU technology after realizing the limitations of its previous MIPS architecture [4][5]. - In 2020, Loongson launched its self-developed instruction set architecture, "LoongArch," and has since developed core operating system modules for various applications [5][8]. Market Strategy - Hu Weiwu emphasizes the importance of achieving a performance threshold for CPU products to compete in the market, advocating for a dual approach of focusing on both policy-driven and open markets from 2022 to 2024 [7][8]. - The company aims to enhance its product competitiveness and has seen significant improvements in product performance and cost-effectiveness, with new products achieving three times the performance of previous generations [8][10]. Future Outlook - The year 2024 is seen as a critical year for Loongson to solidify its ecological construction and transition towards open markets, with a projected revenue growth of 29.64% quarter-on-quarter and 43.91% year-on-year [8][11]. - By 2025 to 2027, the company plans to shift focus from R&D to market sales, aiming to improve product cost-performance ratios and reduce reliance on policy-driven markets [8][11]. Strategic Approach - Loongson maintains a pragmatic yet bold strategy, integrating AI technology into its chip ecosystem while focusing on practical technological breakthroughs [10][11]. - The company aims to establish a third ecological system by 2025, with a vision to achieve a competitive balance with X86 and ARM architectures by 2035 [11].

Core Viewpoint - The case of Zunpai Communications, which was found guilty of stealing Huawei's core chip technology, highlights the urgent need for stronger regulation in the domestic chip industry and raises concerns about internal security within companies [1][3][24]. Group 1: Case Summary - On July 28, 2025, the Shanghai Third People's Court sentenced Zhang Kun and 14 others for commercial secret infringement, with Zhang receiving a six-year prison term and a five-year industry ban [20]. - The total fines for the 14 individuals amounted to 13.5 million yuan, and Zunpai Communications, once valued at 1.5 billion yuan, had over 95 million yuan in cash frozen and was forced to dissolve [22]. - The case involved the theft of critical technology, with 90% similarity between Zunpai's products and Huawei's trade secrets, indicating a severe breach of trust and innovation [18][22]. Group 2: Industry Implications - The incident underscores the risks associated with a "fast capital" approach, where investors prioritize quick returns over thorough due diligence, leading to potential exploitation of proprietary technologies [9][12]. - The case serves as a cautionary tale about the vulnerabilities within companies, particularly regarding internal threats, as highlighted by the actions of former Huawei employees [16][29]. - The rise of domestic chip companies, such as Mengxin Technology and Longxin Zhongke, demonstrates a shift towards self-reliance and innovation in the industry, contrasting with the pitfalls of technology theft [27][29].

Group 1 - Longxin Zhongke announced the successful operation of the NJ400 series PLC, based on Longxin processors, at the Xiluodu Hydropower Station, replacing Schneider's Premium series and Siemens' S7-300 series PLCs, marking a significant step towards domestic control system implementation [1][3] - The Xiluodu Hydropower Station has a total installed capacity of 13.86 million kilowatts, making it the largest hydropower station on the Jinsha River, and the cylindrical valve plays a critical role in ensuring the stable operation of the power station [3][4] - The NJ400 series PLC includes a CPU main control unit, communication module, and power module, and is designed to meet the high precision control requirements of the cylindrical valve control system, supporting various communication protocols and customizable functions [3] Group 2 - The successful deployment of Longxin processors in PLCs at Xiluodu, as well as at the Three Gorges and Xiangjiaba hydropower stations, represents a breakthrough in China's key technology for hydropower equipment, enhancing the country's energy security strategy [3][4]

Group 1 - A silent capital harvesting is occurring in the A-share market, with major shareholders of numerous listed companies extracting value, leaving retail investors struggling amid plummeting stock prices [2] - The downfall of ST Pavo, a once-prominent new energy materials company, highlights the harsh reality of the new energy bubble, with losses of 248 million yuan in 2023 and a projected increase to 487 million yuan in 2024, leading to a stock price drop from 38 yuan to 10 yuan, erasing 73% of shareholder wealth [3] - The company’s actual controller, Zhang Bao, faced investigation for fund occupation and information disclosure violations, marking the beginning of the delisting countdown [3] Group 2 - A collective trend of shareholders reducing their stakes is evident, with companies like Changqing Technology and Zhongqi New Materials seeing significant sell-offs shortly after their stock prices surged [5] - For instance, Changqing Technology's shareholders announced a complete sell-off of 5.98% of their shares, cashing out 180 million yuan after a 90% price increase [5] - Other companies, such as Union Medical and EDA leader GeLun Electronics, also witnessed substantial reductions in shareholding, indicating a broader trend of institutional and shareholder exits [5] Group 3 - Certain types of companies are becoming targets for capital abandonment, including technology semiconductors, biopharmaceuticals, new energy vehicles, and chemical materials, as evidenced by significant shareholder reductions in these sectors [7] - The semiconductor sector, represented by companies like Longxin Zhongke and Zhangqu Technology, is facing immense challenges, prompting executives to sell off shares [7] - The biopharmaceutical sector is similarly affected by procurement policies, leading to shareholder exits from companies like Maike Audi and Fudan Zhangjiang [7] Group 4 - Financial risks are closely linked to shareholder reductions, with companies like RenZhi Co. and Youyou Food seeing executives cashing out despite poor performance, signaling potential distress [7] - These companies often share characteristics of tight cash flow, with major shareholders' sell-offs indicating a desperate attempt to salvage their investments [7] Group 5 - The capital game reveals hidden harvesting techniques, with companies like Shengyang Technology and Beijing-Shanghai High-Speed Railway employing methods such as block trading and strategic selling to manipulate stock prices [8] - The comparison between TCL Technology and SMIC illustrates that major shareholder reductions are not inherently negative but can reflect information asymmetry and strategic profit-taking [8] - The overall scenario presents a brutal capital landscape, urging retail investors to remain vigilant and rational in their investment decisions [8]

Core Viewpoint - Longxin Zhongke's stock price reached 130.62 yuan as of August 4, 2025, reflecting a slight increase of 0.32 yuan from the previous trading day, with a trading volume of 23,002 hands and a transaction amount of 300 million yuan, indicating a volatility of 1.24% [1] Group 1: Company Overview - Longxin Zhongke specializes in the research, development, sales, and services of processors and supporting chips, with applications in various sectors including e-government, energy, transportation, finance, telecommunications, and education [1] - The company officially launched its next-generation general-purpose processor, Longxin 3C6000, in 2025, which operates independently of any foreign technology licensing and overseas supply chains [1] Group 2: Recent Developments - The NJ400 series PLC, developed by Autotech based on Longxin processors, has been successfully put into operation at the Xiluodu Hydropower Station, replacing the previously used Schneider Premium series and Siemens S7-300 series PLCs, marking a significant step towards the complete localization of core control equipment in the hydropower station's control system [1]