长江商报消息 ●长江商报记者 沈右荣 全国高考成绩将陆续放榜，与此同时，我国新型研究型大学越来越多，学子们有了新选择。 6月21日，东方理工大学（暂定名）官网披露，近日，教育部批复设立宁波东方理工大学，定位为新型 研究型大学，首批设置数理基础科学、智能制造工程等4个本科专业，计划今年将在浙江省内招收首批 本科学生。 东方理工大学由"芯片首富"虞仁荣于2020年捐资建设。根据此前的公开信息，虞仁荣捐资可能超过300 亿元。 虞仁荣是豪威集团（603501.SH）实际控制人。豪威集团的前身是韦尔股份，一家知名芯片企业。经过 多次并购，尤其是耗资135亿元收购北京豪威后，公司一跃成为图像传感器龙头。 在经历2年调整后，豪威集团的盈利能力快速恢复。2024年，公司盈利逾33亿元，今年一季度盈利数达 到8.66亿元。 Wind数据显示，上市以来，豪威集团累计盈利约137亿元。 二级市场上，上市以来，豪威集团股价累计上涨约23倍。虞仁荣因此被称为中国"芯片首富"。 值得一提的是，6月20日，虞仁荣实际控制的另外一家芯片企业新恒汇（301678.SZ）登陆创业板，市值 达百亿。 东方理工大学首设4个本科专业 "芯片首富"捐 ...

Market Overview - The A-share market opened lower but closed higher, with the Shanghai Composite Index rising by 0.65% to 3381.58 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 11,226 billion yuan, an increase of 549 billion yuan compared to last Friday [1] - The market showed a broad-based rally, with active sectors including innovative drugs, copper-clad laminate industry, cobalt metals, and cross-border payment concepts [1] Sector Performance - The innovative drug sector was notably active, with companies like ShenZhou Cell rising by 16.66% and Junshi Biosciences increasing by 5.15% [1] - The copper-clad laminate industry saw Huazheng New Materials increase by 6.17% [1] - The cobalt metal sector experienced significant gains, with Tengyuan Cobalt rising by 15.42% [1] - Cross-border payment concept stocks also surged, with notable increases in companies like Lakala and Sifang Jingchuang [1] Competition and Incentives - The 64th session of the "Digging Gold" competition began, with participants using simulated capital of 500,000 yuan [1][3] - Participants can earn rewards based on positive returns, with weekly and monthly cash prizes available [3][5] - The competition encourages participants to engage with market trends and investment strategies through a dedicated WeChat group [3][8] Technical Analysis - Market experts noted that the Shanghai Composite Index is currently supported by the 90-day moving average, with a resistance level at 3400 points, indicating a range-bound trading pattern [4] - A significant increase in trading volume is necessary for a potential breakout above the 3400-point resistance [4] Investment Opportunities - Experts are optimistic about high-dividend assets such as insurance, highways, and water supply [5] - There is a positive outlook on sectors like copper-clad laminates, 5G, semiconductors, and AI chips [5]

Core Viewpoint - The company, 美埃(中国)环境科技股份有限公司, specializes in air purification products and has established itself as a leader in the domestic semiconductor cleanroom equipment sector, with significant growth in revenue and net profit. Company Overview - 美埃科技 focuses on the research, production, and sales of air purification products and atmospheric environmental governance products, with its main products being fan filter units, filters, and air purification equipment [3][7] - The company was founded on June 21, 2001, and was listed on November 18, 2022, with a primary revenue composition of 88.04% from fan filter units and filter products [7] - As of March 31, 2025, the company reported a revenue of 317 million yuan, a year-on-year increase of 16.02%, and a net profit of 41.92 million yuan, a year-on-year increase of 18.45% [8] Market Position and Technology - The company has been a long-term supplier to 中芯国际, providing essential products that meet high cleanliness standards for advanced semiconductor manufacturing processes [2] - It has developed products that meet international cleanliness standards (ISO Class 1) for the domestic 28nm lithography equipment, contributing to overcoming critical technology challenges in the domestic semiconductor industry [2] - The company is recognized as a national-level specialized and innovative "little giant" enterprise, indicating its leading position in the air purification market [3] Shareholder and Financial Analysis - As of March 31, 2025, the number of shareholders was 4,335, a decrease of 8.49%, with an average of 11,761 circulating shares per person, an increase of 9.27% [8] - The company has distributed a total of 53.76 million yuan in dividends since its A-share listing [8] - Major institutional shareholders include 易方达科讯混合 and 易方达科融混合, with notable reductions in their holdings [8]

Core Viewpoint - The article discusses the recent performance and challenges faced by Cambrian (寒武纪), highlighting its significant market value drop despite achieving profitability for the first time. The increasing competition in the AI chip sector and the diminishing uniqueness of Cambrian's offerings are key factors contributing to its stock price decline. Group 1: Company Performance - Cambrian's market value peaked at over 340 billion yuan in February but has since fallen to around 230 billion yuan [1] - The company reported its first-ever profits, with net profits of 272 million yuan and 355 million yuan expected in Q4 2024 and Q1 2025, respectively [1] Group 2: Competitive Landscape - The competitive pressure on Cambrian has intensified, particularly from Huawei and Haiguang Information, which are becoming stronger in the AI chip market [3] - Cambrian's latest chip, the Shiyuan 590, has performance close to 80% of NVIDIA's A100, but it is still outperformed by Huawei's Ascend series [5][6] Group 3: Financial Challenges - Despite achieving profitability, Cambrian's financial situation remains precarious, with negative operating cash flows of -1.618 billion yuan and -1.399 billion yuan for Q4 2024 and Q1 2025, respectively [8] - The company's cash reserves have halved to 1.972 billion yuan in 2024 and are expected to drop further to 638 million yuan in Q1 2025 [8] - Cambrian's R&D expenses are significantly high, exceeding its revenue, with Q1 2025 R&D spending reaching 235 million yuan [8] Group 4: Market Valuation - Cambrian's current market capitalization is approximately 239.6 billion yuan, which implies a required annual profit of 4.717 billion yuan to justify its valuation, necessitating a more than threefold increase in quarterly net profit [9] - The potential for a price drop in AI chips due to increased domestic competition raises questions about Cambrian's high valuation sustainability [9]

Market Overview - A-shares and Hong Kong stocks in the chip and semiconductor sector experienced significant gains, with the A-share market showing mixed results overall [1][3] - As of the morning close on June 23, the Shanghai Composite Index rose by 0.15%, while the Shenzhen Component Index and the ChiNext Index fell by 0.16% and 0.33%, respectively [4][3] Sector Performance - The chip and semiconductor equipment concept stocks led the market with gains exceeding 1%, with specific stocks like Wavelength Optoelectronics hitting a 20% limit up, and others like Yubo Technology and Huacan Optoelectronics rising over 11% [5][6] - The coal sector was the top performer among various sectors, with gains exceeding 1%, followed by oil and petrochemicals, national defense, and non-ferrous metals [4] Individual Stock Highlights - China Tianrui Cement saw a dramatic increase, with its stock price rising over 60% at one point, following the announcement of a turnaround in its annual performance, reporting a profit of 279 million yuan for the year ending December 31, 2024, compared to a loss of 634 million yuan the previous year [10] - Pacific Shipping also experienced a significant rise, with its stock price increasing by over 20% after announcing the issuance of 28.626 million shares as part of its share award plan [11] Risk and Volatility - Several stocks, including Changcheng Military Industry and Maohua Shihua, have seen consecutive limit-up trading days, indicating high volatility and investor interest [7][8] - Changcheng Military Industry issued a risk warning due to a cumulative stock price increase of 37.06% over a short period, highlighting the potential for significant price corrections [8]

智通财经APP获悉，近日，第四范式(06682)高级副总裁俞晖，出席备受全球科技界瞩目的华为开发者大会2025(HDC 2025)，并发表「基 于OpenHarmony+海思芯片打造AI智能硬件的实践分享」，重点阐述了在Agent加速发展的2025年，第四范式对端侧模型的探索，以及其 对于鸿蒙生态的贡献。 端侧革命：开发模式的重构与第四范式新生态 俞晖首先分享了传统云端模型与第四范式专注的端侧模型之间的区别。传统云端模型依赖网络传输数据至云端处理，存在「延迟高、隐 私风险大、离线不可用」三大痛点。而端侧模型通过本地化部署模型，在响应速度、隐私保护、降低成本方面都有着不俗的表现。 与此同时，第四范式在十多年的端侧模式开发中，打造了一个开放平台。相比传统开发模式的固定化、指定性(某1-2人做某个模型)，今 天是"你想做就可以参与"，"像一个榜单、一个擂台、一个竞技场"。这样的好处是每个人都有机会，模型效果的上限也不再取决于某1-2 人的水平，而是所有参与到其中的人员的上限。 "把复杂留给操作系统，把简单留给开发者。" 俞晖对HDC主论坛上的这样一句话印象深刻、高度赞同，他表示上述的开发平台、端侧模型能力并不会封闭 ...

Core Viewpoint - A research team from the Shanghai Institute of Microsystem and Information Technology and Ningbo University has developed a bidirectional high thermal conductivity graphite film using aramid film as a precursor, achieving significant improvements in thermal conductivity compared to traditional thermal films [1] Group 1: Research Findings - The bidirectional high thermal conductivity graphite film achieved an in-plane thermal conductivity (Kin) of 1754 W/m.K and an out-of-plane thermal conductivity (Kout) exceeding 14.2 W/m.K with a thickness of 40 micrometers [1] - The new film demonstrates significant advantages in both in-plane and out-of-plane thermal conductivity and defect control compared to conventional thermal films [1] Group 2: Application and Impact - In thermal simulations for smartphones, the surface temperature of chips using the bidirectional high thermal conductivity graphite film decreased from 52°C to 45°C [1] - For high-power chip cooling at a heat flux density of 2000 W/cm, the temperature difference on the chip surface was reduced from 50°C to 9°C, enabling rapid temperature uniformity [1] Group 3: Material and Technology Implications - The research highlights the unique advantages of aramid precursors in the preparation of graphite films, demonstrating that nitrogen doping and low oxygen content precursors can enhance the crystallization quality and bidirectional thermal properties of graphite films [1] - The breakthrough in bidirectional thermal conductivity is expected to provide critical materials and technical support for thermal management in high-power devices such as 5G chips and power semiconductors [1]

Investment Rating - The investment rating for CR Micro (688396.SS) has been upgraded from Underweight to Equal-weight with a target price increase from Rmb28.10 to Rmb40.00 [3][5]. Core Insights - The report identifies three key investment themes in the Chinese automotive semiconductor sector: Power Discrete Devices, Advanced Driver Assistance Systems (ADAS), and Microcontrollers (MCU) [4][23]. - China's electric vehicle (EV) market is projected to grow significantly, with EV penetration expected to rise from 28% in 2024 to 42% by 2030, indicating a strong demand for automotive semiconductors [3][27]. - The report emphasizes the importance of localization in the semiconductor supply chain, noting that most global automotive chip companies are still in the early stages of implementing localization strategies in China [4][28]. Summary by Sections Investment Themes - The three key investment areas are: 1. **Power Discrete Devices**: Chinese companies have made solid progress in IGBT and SiC substrates, with opportunities in MOSFET and SiC devices [4][40]. 2. **ADAS**: The ADAS SoC market is expected to have the highest compound annual growth rate (CAGR), benefiting various suppliers including SoC vendors and peripheral chip manufacturers [4][24]. 3. **MCU**: The self-sufficiency rate for automotive MCUs is very low, at less than 5% in 2024, indicating significant growth potential for leading local companies [4][41]. Market Dynamics - China consumed 56% of the global electric vehicle production, and the report forecasts that the domestic automotive semiconductor market will continue to grow faster than global peers due to the increasing demand for EVs and government support for supply chain localization [3][27]. - The report highlights that the automotive semiconductor supply chain in Greater China currently accounts for less than 5% of the global supply, with a self-sufficiency rate of only 15% [37][38]. Company Ratings and Strategies - The report recommends specific companies for investment based on their positions in the identified themes: - **Power Semi**: Companies like Starpower (603290.SS), Yangjie Technology (300373.SZ), and SICC (688234.SS) are highlighted for their growth potential [5][23]. - **ADAS**: Companies such as Horizon Robotics (9660.HK) and Will Semiconductor (603501.SS) are noted for their strong positions in the ADAS market [5][23]. - **MCU**: GigaDevice (603986.SS) is recognized for its potential to benefit from localization trends [5][23]. Future Projections - The report anticipates that by 2027, the self-sufficiency rate for automotive chips in China will reach 28%, reflecting the ongoing efforts to enhance local production capabilities [16][53]. - The expected growth in the electric vehicle market is projected to triple by 2030, with significant implications for the semiconductor industry [33][34].

以下文章来源于东四十条资本 ，作者鲁智高 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 将投中网设为"星标⭐"，第一时间收获最新推送 三年收入超6亿元。 作者丨 鲁智高 来源丨 东四十条资本 一家融到D轮的深圳明星公司来到港交所门前。 近日，基本半导体申请在港上市。在剑桥博士汪之涵的带领下，基本半导体成为中国唯一一家拥有碳化硅芯片设计、晶圆制 造、模块封装及栅极驱动设计与测试综合能力的企业。 获得力合科创、涌铧投资、闻泰科技、深投控、屹唐长厚、博世创投、松禾资本、中美绿色基金、广汽资本、粤科金融集团、 珠海文化产业投资基金、初芯基金、德载厚资本、国华三新、新高地基金、洪泰基金、中车资本、中山金控、中山火炬开发区 科创产业母基金等支持后，基本半导体的估值达到51.6亿元。 剑桥博士创业，干出一家深圳明星公司 在踏上创业之路前，汪之涵是当之无愧的学霸。 17岁的时候，他以广东省高考物理满分的成绩考入清华大学电机工程系。到了25岁，他已经拿到英国剑桥大学电力电子专业 博士学位。 早在清华大学读书期间，汪之涵便萌生了创业的想法，还参加过挑战杯创业大赛 ...

关注半导体，脑机接口，深海科技 20250622 摘要 中伊冲突升级、陆家嘴论坛政策兑现以及沪指技术阻力位等多重因素叠 加，导致 A 股市场风险偏好下降，沪指承压。 宏观经济基本面复苏乏力，5 月社零数据虽超预期但持续性存疑，装备 制造业表现相对较好，地产等其他分项依然面临压力，制约市场上行空 间。 市场内生结构问题显现，小微盘超额收益持续走高导致拥挤度提升，量 化策略调整加剧小微盘下跌，拖累大盘表现，市场脆弱性增加。 季末及中报期前夕，资金从 Q1 的 TMT 方向转向 Q2 的新消费和创新药 方向，短期性价比不高导致部分资金离场，影响大盘走势和成交量。 港股流动性驱动特征明显，港元贬值引发市场对金管局收紧流动性的担 忧，新消费和创新药板块拥挤度较高，新股破发，港股整体调整对 A 股 产生联动效应。 A 股市场本周整体疲弱，仅红利或蓝筹价值板块相对抗跌，资金避险情 绪升温，流向银行和保险板块，地缘事件驱动油气、油运板块走强。 芯片半导体行业表现较强，科创板分层政策支持未盈利硬科技企业上市， 中美博弈加速芯片制造材料设备国产化，存储领域国产化预期提升。 Q&A 本周 A 股市场表现如何？有哪些主要影响因素？ ...