9月3日，东芯股份在互动平台表示，截至目前，砺算科技已经向部分客户进行送样，并在持续优化中， 后续将继续按计划推进产品生产、销售等相关工作。 资料显示，砺算科技成立于2021年，是一家研发高性能GPU的公司，专注自研架构、全自有知识产权， 深度掌握GPU大芯片的架构、设计、软件研发和know-how，对处理器生态状况和生态建设具有深厚经 验。 不久前，东芯股份还发布对外投资暨关联交易公告，宣布拟联合亨通集团、上海道禾旗下基金等投资 方，合计向砺算科技增资5亿元。其中，东芯股份将以自有资金约2.11亿元认购新增注册资本，交易完 成后持股比例将从37.14%微调至35.87%，仍为上海砺算重要股东，此举标志着东芯股份在"存、算、 联"一体化战略布局中，进一步深化对GPU领域的投入。 砺算科技7G100芯片经历近四年研发周期，于2025年5月25日该芯片成功点亮，主要功能测试结果符合 预期要求，产品可覆盖端、云、边场景的主流图形渲染与AI加速需求，且对标主流GPU架构实现外部 生态无缝兼容，核心目标是突破国产主流完整GPU架构自主可控难题。 ...

Core Viewpoint - Dongxin Co., Ltd. (688110) announced the results of its suspension review on September 2, and its stock will resume trading on September 3 [2]. Group 1: Company Operations - The company disclosed that recent media reports indicated its investment in Lishuan Technology (Shanghai) Co., Ltd. launched its first self-developed GPU chip "7G100" and the first graphics card product Lisuan eXtreme [3]. - The products from Lishuan Technology are primarily aimed at personal computers, professional design, AIPC, cloud gaming, cloud rendering, and digital twin scenarios, rather than large model computing clusters [3]. - As of now, Lishuan Technology has sent samples to some clients and is continuously optimizing its products, but it has not yet generated any revenue [3]. Group 2: Investment and Financials - Dongxin Co., Ltd. plans to further invest in Lishuan Technology, with a total investment amount of approximately 500 million yuan, including about 211 million yuan from its own funds [4]. - After the investment, Dongxin Co., Ltd. will hold approximately 35.87% of Lishuan Technology's shares, although this percentage may change depending on the final investment agreements [4]. - The company has indicated that the completion of this investment is uncertain, as the participation of other investors and their investment amounts are not fully determined [4]. Group 3: Stock Performance - Prior to the suspension, Dongxin Co., Ltd.'s stock price had surged significantly, closing at 118 yuan per share on August 28, with a cumulative increase of 207.85% from July 29 to August 28 [5]. - During this period, the stock experienced two instances of abnormal trading fluctuations and was subject to monitoring by the Shanghai Stock Exchange due to significant price volatility [6]. - The average turnover rate of the stock during this time was 11.77%, which is significantly higher than previous levels [8].

Core Viewpoint - Dongxin Co., Ltd. is making strategic investments in Shanghai Lishuan Technology Co., Ltd. to enhance its core competitiveness and create more value for its business and shareholders [2] Group 1: Investment in Shanghai Lishuan - Dongxin Co., Ltd. plans to invest approximately 50 million yuan in Shanghai Lishuan, with the company contributing about 21.05 million yuan to increase its stake to approximately 35.87% [2] - The investment will involve collaboration with Hengtong Group Co., Ltd., a fund managed by Shanghai Daohua Long-term Investment Management Co., Ltd., and other investors [2] - The completion of this investment is subject to shareholder approval and the finalization of investment agreements, which may lead to changes in shareholding ratios [2] Group 2: Product Development and Market Risks - Shanghai Lishuan has launched its first self-developed GPU chip "7G100" and graphics card product LisuaneXtreme, targeting applications in personal computers, professional design, cloud gaming, and digital twins [1] - The products are still in the process of certification, customer onboarding, and mass production, which introduces uncertainties regarding revenue generation [1] - The company faces various risks including industrialization progress, market competition, product singularity, performance, ongoing operations, and cash flow [1] Group 3: Stock Trading and Regulatory Updates - Dongxin Co., Ltd. has completed a review of stock trading risks and has applied for the resumption of its stock trading, set to resume on September 3, 2025 [3]

Core Viewpoint - Dongxin Co., Ltd. announced an investment of approximately 500 million yuan in Lishuan Technology (Shanghai) Co., Ltd., with Dongxin contributing about 211 million yuan to acquire a 35.87% stake, aiming to enhance its integrated strategy in storage, computing, and networking [1] Group 1: Investment Details - The total investment amount for the project is around 500 million yuan, with Dongxin's investment being approximately 211 million yuan [1] - After the capital increase, Dongxin will hold about 35.87% of Lishuan Technology [1] Group 2: Business Focus and Risks - Lishuan Technology primarily focuses on the research and development of scalable GPU chips for graphics rendering, which are designed to compete with mainstream GPU architectures [1] - The company's revenue and profit are heavily reliant on the sales performance of its flagship "7G100" GPU product, posing a risk of dependency on a single product [2] - Financial data indicates that Lishuan Technology has not generated revenue in 2024 and the first seven months of 2025, with losses of 210 million yuan and 155 million yuan respectively [2] Group 3: Dongxin's Financial Performance - Dongxin Co., Ltd. was listed in December 2021 and has experienced a nearly 30% decline in net profit in its second year post-IPO, with consecutive losses in 2023 and 2024 [3] - For the first half of 2025, Dongxin reported a revenue of 343 million yuan, a year-on-year increase of 28.81%, but a net loss of 111 million yuan, down 21.78% year-on-year [3] - The stock price of Dongxin has seen a significant increase of 207.85% from July 29 to August 28, 2023, leading to trading suspensions due to abnormal fluctuations [3]

Core Viewpoint - Dongxin Co., Ltd. (688110.SH) announced a strategic investment in Shanghai Lishuan to enhance its integrated strategy of "storage, computing, and networking" and strengthen its core competitiveness, aiming to create more value for business development and shareholders [1] Investment Details - The total investment amount from all investors is approximately 500 million RMB [1] - Dongxin plans to invest about 210.53 million RMB from its own funds to increase its capital in Shanghai Lishuan, acquiring approximately 35.87% equity after the capital increase [1] Company Profile - Shanghai Lishuan primarily focuses on the research and design of multi-level (scalable) graphics rendering GPU chips, adhering to self-developed architectures [1] - The products are designed to achieve mainstream graphics rendering and AI acceleration across edge, cloud, and endpoint environments, aiming to address key issues of self-controllable complete GPU architecture in China [1]

投前估值35亿元。 因参与上海砺算本次增资的其他投资人及其投资金额尚未完全确定，本次增资完成后各投资人持股比例 可能发生变化，具体持股比例以最终签署的投资协议约定为准。 作者 | ZeR0 编辑 | 漠影 芯东西9月1日报道，8月31日，上海存储芯片公司 东芯股份 发布公告，宣布拟与 亨通集团有限公司、上 海道禾长期投资管理有限公司管理的基金、其他投资主体、砺算科技（上海）有限公司之员工持股平台 ，共同对外投资上海GPU创企 上海砺算 ，以上海砺算投前估值 35亿元 为依据，即以259.95元/每1元注 册资本的价格进行增资。投资人合计投资金额约为 5亿元 。 其中，东芯股份拟通过自有资金约21052.63万元向上海砺算增资，认购其新增注册资本约80.99万元。本 次增资完成后，东芯股份持有上海砺算约 35.87% 的股权。具体情况如下： | 股东姓名 | 本次交易前 | | 本次交易后 | | | --- | --- | --- | --- | --- | | | 认缴注册资本 | 持股比例 | 认缴注册资本 | 持股比例 | | | (元) | | (元) | | | 南京砺算科技有 | 5,000,00 ...

Core Viewpoint - Dongxin Co., Ltd. plans to invest approximately 500 million yuan in Shanghai Lishuan, acquiring about 35.87% equity through a capital increase of approximately 21.1 million yuan [1][2] Investment Details - The total investment amount from Dongxin Co., Ltd. and other investors is around 500 million yuan, with Dongxin contributing approximately 21.1 million yuan [1] - After the capital increase, Dongxin will hold approximately 35.87% of Shanghai Lishuan [1][2] Corporate Governance - Dongxin Co., Ltd. has appointed two directors and a financial director to Shanghai Lishuan, with one of the appointed directors also serving as Dongxin's financial director [2] - Shanghai Lishuan is considered an affiliated entity of Dongxin due to this investment, constituting a related party transaction [2] Business Focus - Shanghai Lishuan specializes in the research and design of scalable GPU chips for multi-layer graphics rendering, aiming to address key issues in the domestic GPU architecture [2] - The products developed by Shanghai Lishuan are designed for mainstream graphics rendering and AI acceleration, compatible with external ecosystems [2] Strategic Rationale - The investment is part of Dongxin's strategy to enhance its "storage, computing, and networking" integration, strengthening its core competitiveness and creating more value for shareholders [2] - The funding for this investment comes from Dongxin's own resources, ensuring that the main business operations remain unaffected [2] Market Performance - Dongxin Co., Ltd. has seen a significant stock price increase of 211.95% from July 29 to August 28 [3] - The company has experienced multiple instances of stock trading anomalies during this period, leading to a temporary suspension of trading [5] Product Development and Risks - Shanghai Lishuan has recently announced its first self-developed GPU chip "7G100" and the first graphics card product Lisuan eXtreme, targeting various applications [5] - The commercialization of these products involves several uncertain steps, including market certification and customer onboarding, which may pose risks to the investment [5]

Core Viewpoint - Dongxin Co., Ltd. (688110.SH) announced a strategic investment in Shanghai Lishuan to enhance its integrated strategy of "storage, computing, and networking" and strengthen its core competitiveness, aiming to create more value for business development and shareholders [1] Investment Details - The total investment amount from all investors is approximately 500 million RMB, with Dongxin contributing around 210.53 million RMB to increase its capital in Shanghai Lishuan [1] - After the capital increase, Dongxin will hold approximately 35.87% of the equity in Shanghai Lishuan [1] Company Profile - Shanghai Lishuan primarily focuses on the research and design of multi-level (scalable) graphic rendering GPU chips, adhering to self-developed architectures [1] - The products are capable of mainstream graphic rendering and AI acceleration across edge, cloud, and endpoint environments, aiming to address the critical issue of achieving a fully controllable domestic mainstream GPU architecture [1]

Investment Announcement - Dongxin Co., Ltd. plans to invest approximately 500 million RMB in Shanghai Lishuan, with the company contributing about 211 million RMB to acquire approximately 35.87% equity in Shanghai Lishuan [1][2] - Shanghai Lishuan focuses on the research and design of scalable GPU chips for multi-layer graphics rendering, aiming to address key issues in the independent control of mainstream GPU architecture in China [1] Financial Performance - For the first half of 2025, Dongxin Co., Ltd. reported revenue of 343 million RMB, representing a year-on-year increase of 28.81%, while the net loss attributable to shareholders was 111 million RMB, widening from a loss of 91.12 million RMB in the same period last year [5] Stock Market Activity - Dongxin Co., Ltd. announced a temporary suspension of its stock trading due to significant fluctuations, with a cumulative stock price increase of 207.85% from July 29, 2025, to August 28, 2025 [4] - The average turnover rate during this period was 11.77%, significantly higher than previous levels, indicating potential market overheating and speculative trading risks [4]

Core Viewpoint - Dongxin Co., Ltd. (688110.SH) announced a joint investment of approximately 500 million RMB in Shanghai Lishuan, indicating a strategic move to enhance its capabilities in GPU chip development and align with its integrated strategy of "storage, computing, and networking" [1] Investment Details - The total investment amount from all investors is around 500 million RMB, with Dongxin contributing approximately 211 million RMB from its own funds [1] - After the capital increase, Dongxin will hold about 35.87% of the equity in Shanghai Lishuan, which will receive an additional registered capital of approximately 809,900 RMB [1] Company Focus - Shanghai Lishuan primarily engages in the research and design of multi-level (scalable) graphic rendering GPU chips, emphasizing self-developed architecture [1] - The products are designed to achieve mainstream graphic rendering and AI acceleration across edge, cloud, and terminal environments, aiming to address the critical issue of achieving a fully controllable domestic mainstream GPU architecture [1]