Core Viewpoint - Yangjie Technology's stock has experienced fluctuations, with a year-to-date increase of 56.13% but a recent decline of 9.59% over the last five trading days [1] Financial Performance - For the period from January to September 2025, Yangjie Technology achieved a revenue of 5.348 billion yuan, representing a year-on-year growth of 20.89%, and a net profit attributable to shareholders of 974 million yuan, reflecting a growth of 45.51% [2] Stock and Market Activity - As of November 5, 2023, Yangjie Technology's stock price was 66.67 yuan per share, with a market capitalization of 36.225 billion yuan. The trading volume was 2.21 billion yuan, with a turnover rate of 0.61% [1] - The stock has seen a net outflow of 3.469 million yuan in principal funds, with significant buying and selling activity from large orders [1] Shareholder Information - As of October 20, 2023, the number of shareholders for Yangjie Technology was 59,000, a decrease of 3.28% from the previous period, with an average of 9,188 circulating shares per shareholder, an increase of 3.39% [2] - The company has distributed a total of 1.717 billion yuan in dividends since its A-share listing, with 1.18 billion yuan distributed over the last three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 8.312 million shares, an increase of 390,600 shares from the previous period. Other notable changes include a decrease in holdings by E Fund's ChiNext ETF and Southern CSI 500 ETF [3]

Core Viewpoint - Yandong Microelectronics has experienced a decline in stock price recently, with a year-to-date increase of 16.16% but a significant drop of 14.22% in the last five trading days [2][3]. Group 1: Stock Performance - As of November 5, Yandong Microelectronics' stock price is 23.29 CNY per share, with a market capitalization of 33.249 billion CNY [1]. - The stock has seen a net outflow of 2.953 million CNY in principal funds, with large orders accounting for 15.40% of total buying and 21.30% of total selling [1]. - Year-to-date, the stock has been on the leaderboard once, with a net buy of -62.5807 million CNY on October 9 [2]. Group 2: Financial Performance - For the period from January to September 2025, Yandong Microelectronics reported revenue of 1.167 billion CNY, representing a year-on-year growth of 18.03% [3]. - The company recorded a net profit attributable to shareholders of -13.4004 million CNY, showing a year-on-year increase of 89.02% [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders has increased by 24.34% to 21,200 [3]. - The average circulating shares per person decreased by 19.58% to 27,621 shares [3]. - The company has distributed a total of 47.9642 million CNY in dividends since its A-share listing [4]. Group 4: Institutional Holdings - As of September 30, 2025, Yandong Microelectronics' seventh largest circulating shareholder is Yongying Semiconductor Industry Smart Selection Mixed Fund, holding 13 million shares [4]. - The ninth largest circulating shareholder is the Harvest SSE STAR Chip ETF, which increased its holdings by 779,600 shares to 6.4795 million shares [4].

Core Viewpoint - Jiangfeng Electronics experienced a stock price decline of 2.04% on November 5, with a current price of 88.70 CNY per share and a total market capitalization of 23.534 billion CNY [1] Financial Performance - For the period from January to September 2025, Jiangfeng Electronics achieved a revenue of 3.291 billion CNY, representing a year-on-year growth of 25.37%. The net profit attributable to shareholders was 401 million CNY, reflecting a year-on-year increase of 39.72% [2] Stock Market Activity - The stock has seen a year-to-date increase of 28.28%, but has declined by 9.66% over the last five trading days and 12.95% over the last twenty days. Over the last sixty days, the stock price has increased by 27.11% [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on September 24, where it recorded a net buy of 2.3706 million CNY [1] Shareholder Information - As of October 20, 2025, the number of shareholders for Jiangfeng Electronics was 63,800, an increase of 2.09% from the previous period. The average number of circulating shares per shareholder was 3,466, a decrease of 2.04% [2] - The company has distributed a total of 279 million CNY in dividends since its A-share listing, with 188 million CNY distributed over the last three years [3] Institutional Holdings - As of September 30, 2025, the fourth largest circulating shareholder was E Fund's ChiNext ETF, holding 4.4151 million shares, which is a decrease of 746,900 shares from the previous period. Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders [3]

Core Viewpoint - The stock of Huafeng Measurement Control has experienced a significant increase of 76.19% year-to-date, but has recently seen a decline of 15.76% over the past five trading days, indicating volatility in its performance [1]. Financial Performance - For the period from January to September 2025, Huafeng Measurement Control achieved a revenue of 939 million yuan, representing a year-on-year growth of 51.21% [2]. - The net profit attributable to shareholders for the same period was 387 million yuan, reflecting a year-on-year increase of 81.57% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders of Huafeng Measurement Control reached 10,200, an increase of 45.32% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 31.18% to 13,295 shares [2]. Dividend Distribution - Since its A-share listing, Huafeng Measurement Control has distributed a total of 565 million yuan in dividends, with 336 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 8.5111 million shares, a decrease of 333,000 shares from the previous period [3]. - The top ten circulating shareholders included new entrants and exits, with notable changes in holdings among various institutional investors [3].

Core Viewpoint - SMIC's stock price has shown volatility, with a year-to-date increase of 24.16% but a recent decline of 11.67% over the past five trading days, indicating potential market fluctuations and investor sentiment shifts [2]. Financial Performance - For the first half of 2025, SMIC reported revenue of 32.348 billion yuan, a year-on-year increase of 23.14%, and a net profit attributable to shareholders of 2.301 billion yuan, reflecting a growth of 39.76% [3]. - The company's main business revenue composition is 93.83% from integrated circuit wafer foundry services and 6.17% from other services [2]. Stock Market Activity - As of November 5, SMIC's stock price was 117.48 yuan per share, with a market capitalization of 939.848 billion yuan. The trading volume was 1.158 billion yuan, with a turnover rate of 0.49% [1]. - There was a net outflow of 97.6621 million yuan in principal funds, with significant buying and selling activity from large orders [1]. Shareholder Information - As of June 30, 2025, SMIC had 252,300 shareholders, a decrease of 2.20% from the previous period, with an average of 8,223 circulating shares per shareholder, an increase of 2.26% [3]. - Major institutional shareholders include various ETFs, with notable increases in holdings from several funds [3].

Group 1 - Five semiconductor industry chain projects have been signed in Nantong City, with four located in the Nantong High-tech Industrial Development Zone [1] - Amphenol Electronics, one of the investors, has seen its annual revenue grow from 400 million to over 1.2 billion in five years, focusing on the integrated circuit sector [1] - The company plans to invest 50 million yuan in new equipment and aims to start production as early as next year [2] Group 2 - Nantong High-tech Zone is striving to become a national base for integrated circuit components by attracting leading companies in the field [2] - The area has been recognized as one of Jiangsu Province's first innovative industrial clusters in electronic components [2] - The high-tech zone is transitioning from traditional industries to intelligent, lightweight, and customized sectors [3] Group 3 - The Nantong High-tech Zone has over 1 million square meters of innovation space, supporting industrial development [4] - A new industrial park of approximately 3,000 acres is planned to focus on aerospace and low-altitude economy [4] - The local government emphasizes high-quality development and innovation-driven growth to enhance the industrial cluster's vitality [4]

Economic Performance - Longhua District's GDP reached 236.12 billion, with a year-on-year growth of 6.1%, ranking fourth in the city [1] - The tertiary industry showed remarkable performance, with an added value of 123.53 billion and a growth rate of 7.6% [1] - The secondary industry achieved an added value of 112.56 billion, demonstrating a steady growth of 4.4% [1] Industrial Development - The industrial added value in Longhua District grew by 5.5% year-on-year, with a notable increase in profits of 24.7% for large-scale industrial enterprises [2] - Key sectors such as electrical machinery and equipment manufacturing saw a significant increase in added value by 27.5% [2] - The production of industrial robots, integrated circuits, and 3D printing equipment increased by 26.9%, 33.6%, and 27.6% respectively, highlighting Longhua's advantages in strategic emerging industries [3] Infrastructure Investment - Fixed asset investment in Longhua District grew by 37.5%, with industrial transformation and upgrading investments increasing by 65.2% [4] - Land preparation efforts resulted in 937 hectares being prepared, supporting the development of quality industrial projects [4] Service Sector Growth - The added value of the service sector increased by 7.6%, ranking second in the city, driven by emerging fields like cloud computing and artificial intelligence [5] - The real estate market showed robust growth, with a 46.6% increase in sales area of commercial housing [5] - The retail market experienced a 3.8% year-on-year growth in total retail sales of consumer goods, indicating a recovery in consumer spending [5] Cross-Border E-commerce and New Business Formation - Longhua District saw a significant increase in cross-border e-commerce, with 15 companies obtaining used car export qualifications, leading to a 752.6% increase in used car exports [6] - In the first nine months, 49,800 new business entities were established in the tertiary sector, accounting for 96% of all new registrations [6]

Core Viewpoint - Shanghai Xinyang Semiconductor Materials Co., Ltd. has commenced construction of a project for an annual production capacity of 50,000 tons of key process materials for integrated circuits, with an investment of 1.85 billion yuan, expected to be operational by November 2027 and reach full capacity by 2032 [1] Group 1: Project Details - The project will cover an area of 128 acres and aims to produce various ultra-pure chip cleaning solutions, including 5,000 tons/year of ultra-pure chip cleaning liquid, 6,500 tons/year of ultra-pure chip plating liquid, 33,500 tons/year of ultra-pure chip etching liquid, and 5,000 tons/year of chemical mechanical polishing liquid [1] - Upon completion, the project will significantly enhance the company's supply service capabilities and technological innovation in the field of key process materials for integrated circuits [1] Group 2: Strategic Importance - The project aligns with national industrial strategies and responds to the strategic goals of the Songjiang District to develop an "advanced manufacturing industry cluster" and a "new quality productivity development pilot zone" [1] - The completion of the project is expected to strengthen the local integrated circuit industry chain, enhancing overall regional industrial competitiveness by reinforcing, supplementing, and extending the supply chain [1]

Core Viewpoint - The stock of Huafeng Measurement Control has experienced a decline of 2.08% on November 4, with significant trading activity and a notable increase in revenue and profit year-on-year [1][2]. Company Performance - As of September 30, Huafeng Measurement Control reported a revenue of 939 million yuan, representing a year-on-year growth of 51.21% [2]. - The net profit attributable to shareholders for the same period was 387 million yuan, showing an increase of 81.57% year-on-year [2]. - The company has distributed a total of 565 million yuan in dividends since its A-share listing, with 336 million yuan distributed over the past three years [3]. Stock Market Activity - On November 4, the stock price was 185.29 yuan per share, with a total market capitalization of 25.113 billion yuan [1]. - The stock has increased by 78.59% year-to-date but has seen a decline of 10.94% over the last five trading days [1]. - The trading volume on November 4 was 285 million yuan, with a turnover rate of 1.12% [1]. Shareholder Information - The number of shareholders increased to 10,200, up by 45.32% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 31.18% to 13,295 shares [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 8.5111 million shares, a decrease of 333,000 shares from the previous period [3].

Core Viewpoint - Yangjie Technology's stock has experienced fluctuations, with a year-to-date increase of 58.26% but a recent decline of 8.77% over the past five trading days [1] Financial Performance - For the period from January to September 2025, Yangjie Technology achieved a revenue of 5.348 billion yuan, representing a year-on-year growth of 20.89%, and a net profit attributable to shareholders of 974 million yuan, up 45.51% year-on-year [2] Stock and Market Activity - As of November 4, Yangjie Technology's stock price was 67.58 yuan per share, with a market capitalization of 36.719 billion yuan. The trading volume was 6.47 billion yuan, with a turnover rate of 1.74% [1] - The net inflow of main funds was 57.4707 million yuan, with significant buying and selling activities recorded [1] Shareholder Information - As of October 20, the number of shareholders for Yangjie Technology was 59,000, a decrease of 3.28% from the previous period, while the average circulating shares per person increased by 3.39% to 9,188 shares [2] - The company has distributed a total of 1.717 billion yuan in dividends since its A-share listing, with 1.180 billion yuan distributed in the last three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 8.312 million shares, an increase of 390,600 shares from the previous period [3] - Other notable institutional shareholders include E Fund's ChiNext ETF and Southern CSI 500 ETF, with changes in their holdings compared to the previous period [3]