Core Viewpoint - Anhui Fuhuang Steel Structure Co., Ltd. plans to acquire 100% equity of Hefei Zhongke Junda Vision Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds from specific investors [9][10]. Group 1: Transaction Overview - The transaction involves purchasing 100% equity of Zhongke Junda for a total consideration of 114,000 million yuan [10][19]. - The company aims to raise up to 40,000 million yuan through the issuance of shares to no more than 35 specific investors [14][16]. - The transaction is classified as a major asset restructuring and will not change the controlling shareholder or actual controller of the company [11][17]. Group 2: Financial Impact - Post-transaction, the company's total assets are projected to increase by 5.17% to 1,072,851.52 million yuan, while total liabilities will rise by 1.96% to 706,617.09 million yuan [19]. - The net profit attributable to shareholders is expected to grow by 30.07%, reaching 6,682.37 million yuan, significantly enhancing the company's profitability [19][20]. - Basic earnings per share will decrease slightly from 0.12 yuan to 0.11 yuan due to dilution effects, but the overall transaction is expected to improve the company's earnings capacity [20]. Group 3: Business Transition - The acquisition marks a strategic shift from traditional steel structure manufacturing to high-speed visual perception and measurement technology, which is anticipated to cultivate new profit growth points for the company [17]. - The target company specializes in the research, development, production, and sales of high-speed imaging and analysis systems, aligning with the company's goal of upgrading its business model [10][17]. Group 4: Shareholding Structure - Before the transaction, the total share capital of the company is 435,268,478 shares, which will increase to 620,849,868 shares post-transaction [17][18]. - The shareholding structure will see changes, with Fuhuang Construction's stake increasing from 33.22% to 35.38% after the transaction [18]. Group 5: Regulatory Compliance - The transaction is subject to approval from relevant authorities, and it cannot be implemented until such approvals are obtained [20]. - The company has committed to ensuring the accuracy and completeness of the information provided in the transaction documents, taking legal responsibility for any misrepresentation [3][5].

这是一场可能深刻改写中国算力产业格局的重大资产重组。若 交易最终完成，一个总市值超过4000亿元的计算产业联合体 或将正式诞生，并将实质影响中国半导体产业的未来走向。 作者： 郑晨烨 封图：图虫创意 5月26日，海光信息技术股份有限公司（688041.SH，下称"海光信息"）和曙光信息产业股份有限 公司（603019.SH，下称"中科曙光"）分别发布了关于筹划重大资产重组的停牌公告：海光信息计 划通过向中科曙光全体A股换股股东发行A股股票的方式，换股吸收合并中科曙光，同时还将发行 A股股票募集配套资金；两家公司股票自5月26日起停牌，预计停牌时间不超过10个交易日。 海光信息和中科曙光都有中科院背景。其中，海光信息是一家在CPU（中央处理器）设计领域近 年来迅速崛起的头部企业，当前市值约为3160亿元；中科曙光则是一家服务器与高性能计算 （HPC）市场的资深厂商，当前市值约为906亿元。此次战略重组若顺利完成，将成为5月16日 《上市公司重大资产重组管理办法》正式修订发布后的首单A股上市公司之间的吸收合并交易。 这是一场可能深刻改写中国算力产业格局的重大资产重组。若交易最终完成，一个总市值超过 4000亿元的 ...

Core Viewpoint - The core focus of the news is the planned share swap merger between Haiguang Information and Zhongke Shuguang, which aims to enhance resource integration and strengthen the domestic computing industry in China [1][2][3]. Group 1: Merger Details - Haiguang Information plans to issue A-shares to all A-share shareholders of Zhongke Shuguang to facilitate the share swap merger, which is expected to constitute a significant asset restructuring [1][2]. - The merger is seen as a strategic move to optimize the industrial layout from chips to software and systems, enhancing the overall competitiveness of both companies in the information industry [2][3]. Group 2: Financial Performance - For Q1 2025, Haiguang Information reported a revenue of 2.40 billion yuan, a year-on-year increase of 50.76%, while Zhongke Shuguang's revenue was 2.59 billion yuan, up 4.34% year-on-year [3][4][7]. - Haiguang Information's net profit attributable to shareholders was approximately 505.89 million yuan, reflecting a 75.33% increase compared to the previous year [4][6]. - Zhongke Shuguang's net profit attributable to shareholders was around 186.47 million yuan, showing a 30.79% increase year-on-year [7][9]. Group 3: Strategic Implications - The merger is positioned as a response to global industry trends and national strategic needs, aiming to enhance collaboration and efficiency between the two companies [3][10]. - The integration is expected to strengthen the domestic AI computing sector by pooling resources for high-end chip and solution development, thereby improving customer satisfaction with integrated technology solutions [2][10]. - Zhongke Shuguang's capabilities in system integration are anticipated to bolster Haiguang Information's technological and application synergy in high-end chips and computing systems [10].

导读： 5月24日，"2025年度北京波谱年会" 在北京怀柔科学城城市客厅正式开幕，北京理化分析测试技术学会北京波谱学会主办，中国科学院化学研究所和天津 医科大学协办。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 北京理化分析测试技术学会波谱分会理事长、清华大学高级工程师杨海军 致辞 报告题目：《北京波谱会发展新进展》 仪器信息网讯 202 5 年 5 月 24 日，由北京理化分析测试技术学会北京波谱学会主办，中国科学院化学研究所和天津医科大学协办 的"2025年度北京波谱年会"在北京怀柔科学城城市客厅正式拉开帷幕。北京波谱会的宗旨是："波谱当自强"。具体体现在：鼓励和培养青年 波谱工作者健康成长；关心和鼓励一线波谱工作者，尤其是波谱测试工作者的发展；通过自主研发和合作创新，支持国产波谱仪器公司的技术 发展等。 会议吸引来自全国各地高校、科研院所及技术企业等单位的百余位专业代表出席，仪器信息网作为合作媒体出席本次会议并进行全程报道。 大会开幕式现场 为了进一步促进波谱学的健康发展，加强学术交流与合作，了解波谱新技术和交叉学科的最新进展， ...

在科技创新的浪潮中，"硬科技"企业作为我国科技自立自强的重要力量，正面临前所未有的发展机遇 与挑战。 在走访科技型企业的过程中证券时报记者注意到，从初创期的普惠贷款，到成长期的信用贷款，再到成熟期企 业出海拓展业务的跨境金融服务，金融机构的精准服务贯穿了企业发展的每一个关键节点。 近年来，金融系统积极落实国家关于金融支持科技创新的战略部署，通过全生命周期金融服务，为"硬科技"企 业提供了坚实的资金支持和多元化的金融保障，助力企业在风雨中稳健前行。随着金融科技创新不断"开花结 果"、多层次资本市场机制完善，多元化、多层次、多渠道的科技投入格局正在形成，助力"硬科技"企业继续 长跑。 面对尚未盈利的初创期科技企业，金融机构如何做到"敢贷""愿贷"？"简单来说，就是通过调整审计偏好、完 善尽职免责设计等，提升支持科技创新的积极性。"中国银行深圳高新区支行副行长陈铭泽对记者说，得益于 机制的完善，现在银行为未盈利的科创企业授信基本没有后顾之忧。 为做好科技金融大文章，近年来，金融部门出台多项措施，引导金融机构持续强化对科技创新的金融支持。中 国人民银行通过推出科技创新再贷款等货币政策工具，引导金融机构加大对科技企业的 ...

5月26日，中科曙光高管在2025年第一季度业绩说明会上表示，美国的制裁确实为公司经营带来一定外 部挑战，公司会积极采取各项措施，持续增加研发开支并强化自研能力，在国产化等领域加大研发投 入，丰富产品类型，加大高附加值的服务收入比例，构建从底层到应用系统化的信息技术基础设施，完 善产业生态。另外，公司会基于整体战略规划、资源配置及市场调研评估，稳步推进海外市场的布局与 业务拓展，以实现可持续发展。(人民财讯) ...

Group 1 - Zhongke Shuguang (603019) and Haiguang Information (688041) announced a major asset restructuring plan to strengthen their core businesses and seize opportunities in the information technology industry [1] - The restructuring involves Haiguang Information planning to merge with Zhongke Shuguang through a share exchange, which will enhance their market position in the semiconductor industry [1] - The combined entity is expected to capture 53.6% of the domestic server chip market and 30% of the system integration market, creating a significant competitive advantage over rivals like Huawei and Cambrian [1] Group 2 - The semiconductor industry is currently in a recovery phase, benefiting from a rebound in the consumer electronics market and the initiation of a new growth cycle [2] - The integration of AI and semiconductor technologies is anticipated to create new growth points for the industry, with a focus on investment opportunities in the AI + semiconductor sector [2] - The domestic semiconductor sector is expected to see a positive feedback loop of valuation enhancement, confidence improvement, and increased capital inflow, contributing to the stability of the capital market and economic operations [2] Group 3 - As of April 30, 2025, the top ten weighted stocks in the National Semiconductor Chip Index (980017) include companies like Cambrian, Zhongxin International, and Haiguang Information, collectively accounting for 67.82% of the index [3]

Group 1 - The core viewpoint of the news is the strategic merger between Zhongke Shuguang and Haiguang Information, which aims to enhance the development of the information industry and significantly impact the industry landscape [1][2] - The merger will involve Haiguang Information issuing A-shares to absorb and merge Zhongke Shuguang, along with raising supporting funds through the issuance of A-shares [1] - Both companies will suspend trading of their stocks starting May 26, with the suspension expected to last no more than 10 trading days [1] Group 2 - Zhongke Shuguang holds a 27.96% stake in Haiguang Information, and the merger will optimize the industrial layout from chips to software and systems, enhancing the supply chain [1] - The merger aligns with the global trend of extending industrial chains and aims to promote the large-scale application of domestic chips in key sectors such as government, finance, communication, and energy [1][2] - The combined entity will enhance its technical strength and market competitiveness, leveraging scale effects to increase profits and improve the quality and efficiency of the listed companies [2]

人形机器人"卖铲人"：丝杠磨床的国产化之路 20250525 丝杠内螺纹加工面临多重挑战。首先，内螺纹需要绕工件轴线进行圆周运动， 同时砂轮也需绕自身轴线运动并沿着工件轴线方向进给，这对精度控制要求极 高。其次，砂轮需要具备高精度设计，并在磨削过程中不断发生磨损，尤其是 顶角部分更容易失效。此外，砂轮外径尺寸不能大于螺母内螺纹最小直径，以 确保能够伸入进行加工。 摘要 人形机器人丝杠制造的核心难点在于保证加工精度和效率，各厂商虽在 研发专用设备，但尚无公认最佳工艺路线，高精密磨床仍不可替代。 行星滚柱丝杠相比传统滚珠丝杠，在承载能力、安装空间、噪音、加速 度和传动精度等方面具有显著优势，更适用于人形机器人。 丝杠内螺纹加工面临精度控制挑战，砂轮需高精度设计且易磨损，外径 尺寸受限，需持续优化设计参数和磨削工艺。 磨床在行星滚柱丝杠生产中通过高速旋转砂轮产生磨削力，影响因素包 括砂轮硬度、力度及形状，需优化设计以减少震动变形。 国内磨床市场存在贸易逆差，高端磨床依赖进口。2024 年磨床进口额 为 8.5 亿美元，出口额为 5.2 亿美元，贸易逆差约为 3.3 亿美元，反映 高端需求提升。 进口磨床均价远高于出 ...

中科院放大招！ 中科曙光也发布了内容相似的公告。 今晚，两只科技大白马突然传来吸收合并的消息，让人始料不及。中科曙光公告，海光信息技术股份有限公司 筹划通过换股方式吸收合并中科曙光，并发行A股股票募集配套资金。海光信息亦发布了类似的公告。两只股 票皆停牌不超过10个交易日。 这两家公司都与人工智能方向的算力和芯片密切相关，且其有股东层面的从属关系（曙光控股海光），而背后 的实际控制人都是中国科学院计算技术研究所。两家公司合并或可优化资源配置，增强海光信息在芯片设计和 中科曙光在服务器、云计算领域的协同效应，符合国家战略方向。 值得注意的是，过去一年发生的吸收合并不在少数。国泰君安与海通证券、中国船舶与中国重工、湘财证券与 大智慧等。而随着新修订的《上市公司重大资产重组管理办法》的发布，《国有企业改革深化提升行动方案 （2023—2025年）》最后一年的到来，类似的重磅并购还可能再度发生。 突发重大合并 周日晚间，A股市场迎来了一件让人意外的事件：中科曙光与海光信息合并。 海光信息发布公告称，为抢抓信息技术产业发展新机遇，做大做强主业，海光信息技术股份有限公司（以下简 称"公司"或"海光信息"）与曙光信息产业股 ...