《科创板日报》记者注意到，珠海零边界集成电路有限公司（下称：零边界）成立于2018年8月，为 格力电器全资控股子公司，是其切入半导体产业的重要平台。 以下文章来源于科创板日报 ，作者唐植潇 科创板日报 . 科创圈都在关注的新型主流媒体，上海报业集团主管主办，界面财联社出品。 董明珠卸任格力芯片公司董事长。 近日，根据公开信息显示，珠海零边界集成电路有限公司发生工商变更，董明珠卸任法定代表人、 董事长，由李绍斌接任法定代表人，并由经理、董事变更为执行公司事务的董事、经理、谭建明退 出董事行列。 在第三代半导体领域，零边界主导的碳化硅芯片工厂于2024年投产，年产能达24万片6英寸晶圆，关 键工艺国产化率超七成。 在制造业智能化转型背景下，诸如小米、TCL、美的等企业通过自研芯片或投资方式，建立了面向 终端产品的芯片平台与软件体系。 格力方面，零边界聚焦专注于工业级32位MCU、AIoT SoC与功率器件的研发，采取Fabless（无晶 圆厂）模式，提供从芯片设计、软件方案到系统集成的一站式解决方案。 零边界重点布局嵌入式主控、AI识别、加密、安全通信与变频驱动等核心方向，产品面向消费电 子、工控、商用设备、智能 ...

Group 1 - The core viewpoint of the news is the strategic merger between Haiguang Information and Zhongke Shuguang, which is seen as a significant event in the domestic computing power industry, optimizing resource allocation and fostering innovation [1][4] - The merger involves a share exchange ratio of 0.5525:1, with Haiguang Information as the absorbing party and Zhongke Shuguang as the absorbed party, aiming to enhance collaboration between high-end chips and systems [2][5] - Following the merger, Zhongke Shuguang will be delisted, and Haiguang Information will inherit all assets, liabilities, and rights from Zhongke Shuguang, with new shares to be listed on the Sci-Tech Innovation Board [3] Group 2 - The merger is expected to create synergies by combining Haiguang Information's expertise in high-end processor design with Zhongke Shuguang's capabilities in high-end computing and digital infrastructure [4][5] - This strategic move aligns with the trend of promoting domestic self-sufficiency and is seen as a natural response to the demands of technological competition, enhancing the competitiveness of the domestic computing power industry [5] - The merger is the first major absorption merger transaction following the revision of the "Major Asset Restructuring Management Measures" on May 16, indicating a positive trend in the capital market for mergers and acquisitions [6]

抓住产业变革的时代脉搏，与投资者共赢成长。 作者 | Los 编辑 | 小白 没有成长股的时代，只有时代的成长股。 纵观中国经济过往历程，每一次经济主引擎的切换都是一轮巨大的产业变革，给参与者带来相应的财 富机遇。 借助资本市场，普通人见证一个又一个新兴产业从快速落地到稳定盈利的过程，也更便捷分享每一轮 时代大发展的机遇。 变化的时代，变化的"成长"，我们要做的是找到能够持续深耕产业、专注投资、值得信任的平台。翻 看过往表现，对每一轮关键产业机遇的把握中都有嘉实基金的身影。 站在当前，国家在加快发展新质生产力，人工智能正在引领第四轮科技革命和产业变革，新的成长机 遇迎面而来。此次首批26只新型浮动费率基金中，嘉实基金推出的是锚定成长风格的 嘉实成长共赢 混合（A类024433；C类024434） ，它有哪些特征和优势，值得pick吗？ 凭借完整的制造产业链，中国在移动互联网的硬件端大显身手，带动了国内消费电子板块景气度上 行。 持续围绕关键产业， 捕捉时代机遇 （一） 2013-2015年：移动互联网 的 浪潮 2013年，伴随着通信基础设施的快速完善，4G网络得以迅速开通和普及，中国迎来了从PC互联网到 移 ...

Investment Rating - Industry rating is maintained at "Outperform the Market" [8] Core Viewpoints - The report emphasizes the importance of "self-controllable seed sources" in the context of ongoing US-China trade negotiations, particularly focusing on agricultural imports such as soybeans, corn, and wheat [4][3] - The gap in corn yield between China and the US is widening, which may accelerate the domestic biotechnology breeding industry [5] - The transition of genetically modified organisms (GMOs) into large-scale demonstration phases is highlighted, with significant policy support for the industrialization of biological breeding [6] Summary by Sections Trade and Agricultural Imports - In 2024, China is projected to import 22.13 million tons of soybeans, 2.07 million tons of corn, and 1.90 million tons of wheat from the US, accounting for 44.1%, 3.6%, and 9.0% of US exports respectively [4] - The report suggests that grain trade will be a critical area in the short term for negotiations with the US [4] Yield Disparity and Biotechnology - The US corn yield has reached 766 kg/mu by 2024, with a GMO penetration rate exceeding 90%, while China's corn yield is only 439 kg/mu, resulting in a yield gap of 327 kg/mu [5] - The report identifies the promotion of biotechnology breeding as a key factor contributing to this yield disparity [5] Policy and Market Developments - The central government's focus on biological breeding has been consistent for five years, shifting from research to application, with plans to accelerate the industrialization of biological breeding from 2024 to 2035 [6] - By 2024, GMO grain industrialization will transition from a trial phase to large-scale demonstration in eight provinces, with further expansion planned by 2025 [6] Investment Recommendations - The report recommends investing in leading companies in the biotechnology sector, including Longping High-Tech, Dabeinong, and Quanyin High-Tech, while also suggesting to pay attention to Fengle Seed Industry and Denghai Seed Industry [6]

证券代码：002380 证券简称：科远智慧 南京科远智慧科技集团股份有限公司 投资者关系活动记录表 公司下游用户场景主要包括能源、电力、化工、石化、钢铁、 建材、水务和水泥等行业。从业务占比来看，去年能源电力占比超 70%，是最主要的业务板块；化工占比 16%，冶金、建材等其他领 域占比较小。行业增长情况，能源电力板块作为持续支撑公司增长 的主要动力，主要得益于火电 DCS 系统从几年前开始全面启动并 不断加速的自主可控替代，截至去年底国产化渗透率达 43%；化工 板块去年业绩下滑，主要是化工行业产能过程，景气度下行；钢铁 板块自今年年初启动 PLC 国产化替代，已获得部分订单，发展前 景广阔；建材、水务等行业当前业务占比不高，预期后续国产化浪 潮驱动，均展现出一定的增长潜力。 | 投资者关系活 | ☑特定对象调研□分析师会议 | | --- | --- | | 动类别 | □媒体采访□业绩说明会 | | | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称 | 中泰证券：王心悦 | | 及人员姓名 | 国泰基金：谢泓材 | | | 东方红资管 ...

行业报告 | 行业点评 农林牧渔 证券研究报告 中美新一轮谈判会议继续，关注"种源自主可控"机会！ 事件：2025 年 6 月 10 日，中美经贸磋商机制首次会议在英国伦敦继续进 行。此次谈判是基于 5 月 12 日在日内瓦达成的 90 天关税"休战"协议， 谈判核心问题从关税争端延伸至更具战略性的稀土出口管制等领域。 关注"种源自主可控"机会，"反制"逻辑或延伸至种子板块！ ①中国作为美国农产品的重要进口国，2024 年从美国进口大豆/ 玉米/ 小 麦 2213/ 207/ 190/万吨，占美国当年出口量的 44.1%/ 3.6%/ 9.0%。短期看， 粮食贸易或是短期内与美国谈判的重要领域之一。②长期看，国内粮食供需 仍维持紧平衡状态，未来要规避对粮食进口依赖的掣肘、实现高位再增产， 重心须转向"大面积提单产"，包括"良田、良种、良机、良法"深度融合； 其中在良种领域，转基因技术是后续提单产的重要增量手段。 中美粮食单产差距进一步扩大，或倒逼国内生物育种产业化提速 ①以美国为参考，其耐除草剂型转基因玉米渗透率由 7%提升至 70%仅耗时 10 年；至 2024 年应用渗透率已超 90%，推动美国玉米单产升 ...

Group 1 - The TMT sector experienced a broad pullback, with the semiconductor sector showing sideways fluctuations due to several core factors [1] - The merger of Haiguang Information and Zhongke Shuguang did not meet market expectations, impacting market sentiment [1] - Apple's WWDC event fell short of expectations, particularly in AI terminal innovation, leading to weaker replacement demand in certain regional markets [1] - Ongoing US-China tariff negotiations in London may affect the direction of self-controllable entities, as the US is willing to lift export restrictions in exchange for China easing rare earth export limits [1] Group 2 - Despite external challenges, the logic of self-controllability is becoming inevitable, driven by long-term national policy planning and top-level design emphasizing modern industrial system construction [2] - The domestic supply chain may see improvements in performance due to potential supply gaps in goods heavily reliant on US imports, as Chinese countermeasures could raise import prices [2] Group 3 - Related products include semiconductor ETFs and various mutual funds [3] - Key stocks in the semiconductor sector include SMIC, Haiguang Information, and several others [3]

Group 1 - A-shares opened higher and continued to rise, with major indices showing gains, particularly in non-bank financials, automotive, power equipment, non-ferrous metals, and agriculture sectors [1] - The recent surge in the self-controlled theme is reflected in the performance of ETFs, with the Xinchuang ETF (562570) rising nearly 0.5% and the Sci-Tech Semiconductor ETF (588170) increasing over 1% [1] - EDA (Electronic Design Automation) tools are crucial for the integrated circuit industry, serving as a strategic foundation across the entire industry chain, which includes process platform development, integrated circuit design, and manufacturing [1] Group 2 - The EDA industry is experiencing significant growth, driven by advancements in AI, cloud computing, and system integration, amidst rising design costs due to advanced processes [1] - Domestic EDA companies are innovating and collaborating to overcome challenges posed by the expiration of foreign EDA product licenses and increasing industry cooperation, supported by national policies [1] - The Xinchuang ETF (562570) tracks the CSI Information Technology Application Innovation Industry Index, focusing on domestic alternatives and covering cutting-edge sectors such as AI, data computing, industrial software, and information security [2]

Group 1 - The market experienced a rapid decline in the afternoon, with the ChiNext Index leading the drop, and the total trading volume in Shanghai and Shenzhen reaching 1.42 trillion, an increase of 129 billion compared to the previous trading day [1] - Sectors such as port shipping, beauty care, innovative drugs, and rare earth permanent magnets saw significant gains, while sectors like Huawei Ascend, military industry, semiconductors, and software development faced declines [1] - As of the market close, the Shanghai Composite Index fell by 0.44%, the Shenzhen Component Index dropped by 0.86%, and the ChiNext Index decreased by 1.17% [1] Group 2 - Huatai Securities' 2025 mid-term outlook emphasizes the importance of the AI technology revolution, military industry, and self-sufficiency amid global order restructuring and changing asset pricing dynamics [2] - The report highlights the need for flexibility in asset operations, suggesting to leverage high odds and low correlation strategies to navigate the uncertain environment [2] - It also notes that the weakening trend of the US dollar may favor non-US assets, with European assets showing higher success rates and emerging markets like Hong Kong offering better odds [2] Group 3 - CICC indicates that the tungsten market is entering a bull market phase, driven by tightening supply and demand dynamics, along with overseas premium pricing for tungsten products [3] - The long-term outlook predicts that the tungsten supply-demand gap will expand from 18,300 tons in January 2024 to 19,100 tons by 2028, with the supply-demand gap as a percentage of original tungsten demand projected to be negative over the years [3] Group 4 - Huaxi Securities suggests adopting a rotation strategy to capitalize on the technology sector's rebound, driven by improved expectations regarding US-China trade relations [4] - The report warns of ongoing uncertainties in international cues, indicating the need for preparedness against market fluctuations and avoiding excessive trading in a single direction [4] - It emphasizes that if the technology sector faces significant corrections, it may present better opportunities for recovery, particularly for the Sci-Tech 50 index [4]

Core Viewpoint - The chairman of iFlytek, Liu Qingfeng, highlighted the challenges of conducting large model training and algorithm innovation based on domestic computing power, emphasizing the need for additional steps and computational resources [1] Group 1: Domestic Computing Power Challenges - Liu Qingfeng pointed out that developing new algorithms based on domestic computing power will be three months slower compared to using overseas computing power [1] - The company insists on self-controllability as a necessary choice to avoid being constrained by external factors [1]