Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index up by 0.21%, while the Shenzhen Component and ChiNext Index fell by 0.32% and 0.58% respectively, as of midday trading [1] - Total market turnover reached 981.3 billion yuan, an increase of 48.7 billion yuan compared to the previous day, with over 3,400 stocks declining [1] Sector Performance - The semiconductor industry chain saw a collective rise, with photolithography machines and advanced packaging leading the gains. Notable stocks included Kai Mei Te Qi (涨停) and Xu Guang Electronics (涨停) [1] - The power sector experienced an initial surge, with Huadian Liaoning Energy (涨停) and Huayin Power (涨停) hitting the upper limit [1] - The innovative drug sector was active, with Guizhou Bailin (涨停) and Seli Medical (涨停) also reaching the upper limit [1] - The banking sector rebounded collectively, with Shanghai Pudong Development Bank and China Construction Bank reaching historical highs [1] - The diversified financial sector faced adjustments, with Hongye Futures (跌停) and other stocks like Nanhua Futures and Yong'an Futures showing significant declines [1] - Digital currency concept stocks continued to decline, with Jingbeifang (跌停) and other stocks like Jida Zhengyuan and Youbuxun experiencing drops [1] Notable Stocks and Trends - Chengbang Co., Ltd. achieved a four-day consecutive limit-up [2] - Jihua Group and several other stocks recorded three consecutive limit-ups [3] - The "specialized, refined, and new" sector saw 11 stocks hitting the upper limit, with Jihua Group and Xuedilong as representatives [4] - The chip concept sector had 10 stocks hitting the upper limit, with Chengbang Co., Ltd. and Xuedilong leading [5] - The military industry sector also had 10 stocks hitting the upper limit, with Jihua Group and Sichuan Chuangxin Electronics as key representatives [6] IPO Activity - Multiple "unicorn" and "little giant" companies have had their IPO applications accepted by the Shanghai Stock Exchange, including Moer Thread and Muxi Co., Ltd. Moer Thread aims to raise 8 billion yuan for GPU development, while Muxi Co., Ltd. plans to raise 3.904 billion yuan for AI-related GPU products [8] - The Shanghai Stock Exchange has accepted 30 IPO applications this year, with over 70% from the Sci-Tech Innovation Board, promoting a positive cycle between technology, capital, and industry [8] Policy Support for Innovative Drugs - The National Healthcare Security Administration and the National Health Commission issued measures to support the high-quality development of innovative drugs, encouraging commercial health insurance to expand investment in innovative drugs [9]

能上尽上。 作者 I 刘博 杨继云 报道 I 投资界PEdaily 久违的一幕出现。 昨 晚 （ 6 月 3 0 日 ） ， A 股 三 大 交 易 所 上 演 了 一 场 IPO 大 爆 发 —— 一 夜 之 间 新 增 受 理 4 1 家 IPO企业，其中北交所受理32家，科创板受理5家，深交所受理4家。 当中，不乏我们熟悉的沐曦集成电路、摩尔线程等超级独角兽。 至此随着2 0 2 5年过半，A股已受理177家企业，这个数量远超2 0 2 4年全年受理总数。 "抓住这一波IPO窗口。" 这样的情绪正悄悄在投资人与独角兽公司之间蔓延。 沸腾一幕 一夜41个IPO获受理 国产GPU独角兽率先打响第一枪。 摩尔线程此次拟募资高达8 0亿元，是五家科创板IPO受理企业中募资规模最大者，也是截 至目前科创板年内受理的最大IPO。成立于2 0 20年，公司以自主研发的全功能GPU为核 心，致力于为AI、数字孪生、科学计算等高性能计算领域提供计算加速平台。 巧合的是，沐曦集成也诞生于2020年，同样致力于自主研发全栈高性能通用GPU芯片及 计算平台。创始人及CEO陈维良，本科毕业于电子科技大学，2 002年又获得清华大 ...

Market Overview - The A-share market experienced fluctuations on July 1, with the Shanghai Composite Index rising by 0.09%, while the Shenzhen Component Index and the ChiNext Index fell by 0.34% and 0.57% respectively [2][4]. Chip Industry - The chip industry chain continued to rise, with sectors such as photolithography machines and advanced packaging leading the gains. Notable stocks like Blue Eagle Equipment and San Chao New Materials reached the daily limit of 20% increase [6][8]. - The photolithography machine segment is highlighted as a core area for self-sufficiency, with significant market share in semiconductor equipment. Domestic demand for photolithography machines is expected to remain strong as local wafer fabs continue to expand [8]. Stablecoin Concept Stocks - Stablecoin concept stocks saw a significant decline, with companies like Jingbeifang, Xiongdi Technology, and Cuiwei Co. all dropping over 6% [9][10]. - The current divergence in monetary policy between the U.S. government and the Federal Reserve has created uncertainty regarding the future of stablecoin legislation, which is closely tied to the core issue of U.S. dollar issuance rights [10][11].

Core Viewpoint - The semiconductor industry chain is experiencing a significant upward trend, with multiple stocks reaching their daily limit up [1] Group 1: Industry Performance - The semiconductor industry chain has shown continuous growth, particularly in sectors such as photolithography machines and advanced packaging [1] - Several stocks, including Huawi Design, Kaiweite, San Chao New Materials, and others, have hit the daily limit up, indicating strong market interest [1] Group 2: Stock Movements - More than ten stocks have reached their daily limit up, showcasing robust performance in the semiconductor sector [1] - Companies like Blue Arrow Electronics, Kelong Co., Naike Equipment, and Longxin Technology have all seen their stock prices increase by over 10% [1]

Core Insights - CT Group is celebrating its 33rd anniversary and has outlined significant plans for the next three years, including the launch of an IoT chip designed by Vietnamese engineers [1][3] - The company is establishing a chip design cluster focused on AI, IoT, UAV, defense, and 5G/6G applications, ensuring autonomy in chip development through proprietary IP technology [1][3] - CT Group aims to achieve full integration of the semiconductor industry chain by 2030, including design and testing, while proposing government investment in lithography equipment [3][4] Market Advantages - CT Group holds a strong market position in UAV, IoT, near-space economy, and defense sectors, with a smart city ecosystem that requires AI and IoT chips [4] - The company benefits from a diverse global network and has established partnerships with top universities to cultivate talent in semiconductor design [4][5] Infrastructure and Strategic Advantages - The project is supported by CT Group's ecosystem, which includes research centers, production bases, and training institutions, with existing capabilities in chip packaging and testing [5] - The company has made long-term investments in the semiconductor industry, aligning with government strategies for technology development in communication, AI, IoT, UAV, and 5G/6G [5] - CT Group has the capability to design complex chips using advanced 2nm CMOS technology, which is critical for various industries including healthcare, defense, smart agriculture, and smart devices [5] Additional Initiatives - CT Group has proposed April 30, 2025, to be recognized as Vietnam Semiconductor Day, symbolizing national unity in a new development phase [6]

每周日至每周四推送股市重大公告！内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、高送 转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前寻找到投资热点，防范 各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 ①稳定币+区块链+移动支付+国企改革！这家公司部分技术可应用于稳定币领域；②军工信息化+算力租 赁+国产芯片+区块链+无人机+华为！这家公司多年来为国防军工提供定制和配套信息化和智能化相关嵌 入式产品与服务；③脑机接口+人形机器人+无人驾驶+多模态AI！公司获得脑机接口数百万元的订单，签 订人形机器人产品销售框架合同。 前言 ...

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. has officially submitted its IPO application to the Shanghai Stock Exchange, focusing on the development of high-performance GPU chips and computing platforms for AI training, general computing, and graphics rendering [1][2] Company Overview - Muxi specializes in the research, design, and sales of full-stack GPU products, and has developed core technologies in GPU IP, GPU SoC, high-speed interconnects, and GPU software [1][2] - The company has successfully overcome technical bottlenecks in high-performance GPU chip and computing platform development, positioning itself among the few domestic companies with advanced process capabilities [1] Product Offering - Muxi's main products include the Xisi N series GPU for AI inference, the Xiyun C series GPU for integrated training and general computing, and the upcoming Xicai G series GPU for graphics rendering [1][2] - The GPU products are based on self-developed GPU IP and a unified computing and rendering architecture, demonstrating strong competitiveness in generality, single-card performance, cluster performance, stability, ecosystem compatibility, and migration efficiency [2] Financial Performance - Muxi's projected revenues for 2022, 2023, and 2024 are 426,400 yuan, 5.3 million yuan, and 74.3 million yuan, respectively, with net losses of 777 million yuan, 871 million yuan, and 1.409 billion yuan, totaling a loss of 3.058 billion yuan [2] IPO Details - The company aims to raise 3.9 billion yuan through its IPO to fund projects related to new high-performance general-purpose GPU development, next-generation AI inference GPU development, and high-performance GPU technology research for emerging applications [2]

Core Viewpoint - Moer Technology is set to become the largest IPO on the Sci-Tech Innovation Board this year, focusing on GPU development and related products, with plans to raise approximately 8 billion yuan for various AI and chip development projects [1][2] Group 1: Company Overview - Moer Technology specializes in the research, design, and sales of GPUs and related products, aiming to provide computing acceleration platforms for high-performance computing fields such as AI and digital twins [1] - The company was established in 2020 and has developed a fully functional GPU as its core product [1] Group 2: Financial Performance - The company has shown steady revenue growth, with projected revenues of approximately 46.09 million yuan, 124 million yuan, and 438 million yuan for the years 2022, 2023, and 2024 respectively [1] - Corresponding net profits are projected to be approximately -1.84 billion yuan, -1.67 billion yuan, and -1.49 billion yuan for the same years, indicating a reduction in losses [1] Group 3: R&D Investment - Moer Technology maintains a high R&D expenditure ratio, with rates of 2422.51%, 1076.31%, and 309.88% for the years 2022, 2023, and 2024 respectively [2] Group 4: Ownership Structure - As of the signing date of the prospectus, Moer Technology does not have a single shareholder holding more than 30% of the shares, and there is no controlling shareholder [2] - Zhang Jianzhong directly holds 11.06% of the shares and, through agreements with other platforms, controls a total of 36.36% of the shares, making him the actual controller of the company [2]

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. has submitted its IPO application to the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise 3.904 billion yuan for its operations in the GPU market focused on AI training and inference, general computing, and graphics rendering [1][2]. Group 1: Business Overview - The company specializes in the research, design, and sales of full-stack GPU products, with applications in AI computing, general computing, and graphics rendering [1]. - Muxi has launched several GPU series, including the Xisi N series for AI inference, the Xiyun C series for integrated training and general computing, and the upcoming Xicai G series for graphics rendering [1]. - The company is one of the few GPU suppliers to achieve large-scale commercial applications with thousands of GPU clusters, successfully supporting significant models like the 128B MoE [1][2]. Group 2: Market and Sales Strategy - Muxi's computing network spans various regions, including Beijing, Shanghai, and Hong Kong, and is expanding to more areas [2]. - The company's GPU products are applied across multiple industries, including education, finance, transportation, energy, healthcare, and entertainment, demonstrating strong competitive and delivery capabilities [2]. - The sales strategy combines direct sales and distribution, with the top five customers accounting for a significant portion of revenue: 91.58% in 2023, 71.09% in 2024, and 88.35% in the first quarter of 2025 [2]. Group 3: Financial Performance - The company reported revenues of approximately 426,400 yuan in 2022, 53.0212 million yuan in 2023, 743 million yuan in 2024, and 320 million yuan in the first quarter of 2025 [4]. - Net profits for the same periods were approximately -777,000,000 yuan, -871,000,000 yuan, -1.409 billion yuan, and -233 million yuan, respectively [4]. - Total assets increased significantly from 1.044 billion yuan in Q1 2025 to 104.474 million yuan in 2022, with a notable rise in asset-liability ratios [5].

如有疑问请以音频内容为准，添加妙妙子微信huxiuvip302，入群有机会与董小姐进一步交流。 本篇评级为★★★，主要围绕以下内容展开： 1、资金压力缓解，科技赛道会再接再厉吗? 2、从人民日报的评论，看下半年的机会 今天是6月份的最后一个交易日。往往在半年末的时候，我们要密切关注市场上资金的流动性是不是突 然变得紧张。今天紧张的情绪有所缓解。这实际上是有利于市场上科技赛道向上发挥的。 我们来看一下，一天期的国债逆回购利率今天下降了30%，回到了一个相对比较安全的区间。三大指数 也随之翻红。其中的领头羊除了军工板块之外，剩下的基本上是来自科技赛道。我们之前在6月下旬也 曾经跟大家聊到过，要重点关注科技赛道当中的表现。到现在为止，包括人工智能、芯片等等，科技赛 道的整体涨幅大概是在6%左右。但即使有了比较明显的战绩，如果我们拿今年2月份的高峰跟现在对比 的话，其实它中间还存在着一个10%到15%的缺口。科技整体或许只是小荷才露尖角而已。 尤其考虑到，科技对市场流动性是非常敏感的。市场流动性比较充沛的时候，它发挥的余地和空间比较 大。那么市场流动性比较紧张的时候，会对它形成压制。就像在今年的4月份和5月份，其实这 ...