Core Viewpoint - The stock of Grinda has experienced fluctuations, with a year-to-date increase of 19.33% and a recent decline in revenue and net profit for the first half of 2025 [2][3]. Company Overview - Grinda, established on October 17, 2001, and listed on August 19, 2020, is located in the Linjiang Industrial Park, Xiaoshan District, Hangzhou, Zhejiang Province. The company specializes in the research, production, and sales of ultra-pure wet electronic chemicals [2]. - The main revenue composition of Grinda includes 98.16% from wet electronic chemicals, 1.66% from by-products, and 0.18% from other sources [2]. Financial Performance - For the first half of 2025, Grinda reported an operating income of 315 million yuan, a year-on-year decrease of 8.67%, and a net profit attributable to shareholders of 61.39 million yuan, down 20.95% year-on-year [2]. - Since its A-share listing, Grinda has distributed a total of 220 million yuan in dividends, with 147 million yuan distributed over the past three years [3]. Stock Performance - As of September 22, Grinda's stock price was 27.41 yuan per share, with a market capitalization of 5.47 billion yuan. The stock has seen a 3.51% increase over the last five trading days but a 1.76% decrease over the last 20 days [1][2]. - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the last appearance on March 5 [2]. Shareholder Information - As of June 30, 2025, Grinda had 14,600 shareholders, an increase of 22.20% from the previous period, with an average of 13,631 circulating shares per person, a decrease of 18.17% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 499,900 shares, a decrease of 1.1457 million shares compared to the previous period [3].

Company Overview - Yunyi Electric is located in Xuzhou, Jiangsu Province, and was established on April 27, 2007. It was listed on March 21, 2012. The company specializes in the research, production, and sales of automotive intelligent core electronic products, including vehicle intelligent power controllers, intelligent motors, and control systems for new energy vehicles [1][2]. Financial Performance - For the first half of 2025, Yunyi Electric achieved operating revenue of 1.098 billion yuan, representing a year-on-year growth of 6.95%. The net profit attributable to the parent company was 222 million yuan, an increase of 5.24% year-on-year [2]. - Since its A-share listing, Yunyi Electric has distributed a total of 518 million yuan in dividends, with 177 million yuan distributed over the past three years [3]. Stock Performance - As of September 22, Yunyi Electric's stock price was 13.76 yuan per share, with a market capitalization of 12.083 billion yuan. The stock has increased by 73.26% year-to-date, but has seen a decline of 3.64% over the past five trading days [1]. - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the most recent appearance on August 11 [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Yunyi Electric was 44,700, a decrease of 1.92% from the previous period. The average number of circulating shares per shareholder increased by 1.95% to 19,147 shares [2]. - Among the top ten circulating shareholders, the third-largest is the Fuguo Tianyi Value Mixed Fund, holding 14.0331 million shares, unchanged from the previous period. The Hong Kong Central Clearing Limited is the sixth-largest shareholder, holding 3.2544 million shares, a decrease of 4.382 million shares from the previous period [3]. Industry Classification - Yunyi Electric belongs to the automotive industry, specifically in the automotive parts sector, focusing on automotive electronic and electrical systems. The company is associated with concepts such as sensors, automotive electronics, semiconductors, integrated circuits, and automotive parts [2].

Core Insights - The third National Skills Competition held in Zhengzhou, China, from September 19 to 23, showcased the talents of 3,420 participants from 35 delegations across 106 competition events, highlighting both traditional craftsmanship and innovative skills in smart manufacturing [1][3] Group 1: Participants and Demographics - The competition featured a diverse range of participants, with 58% being vocational school students and 21% being employees from enterprises, indicating an increase in enterprise participation [3] - High-educated participants, including PhD, Master's, and Bachelor's degree holders, accounted for 33% of the competitors, primarily in cutting-edge fields like smart manufacturing and high-end equipment [3] Group 2: Competition Events and Trends - The event included 66 projects selected for the World Skills Competition and 40 national competition projects, with over 50% focusing on smart manufacturing, digital technology, and new energy [6] - New competition categories were introduced, such as rural revitalization projects, which included food inspection, intelligent agricultural machinery, and elderly care, reflecting societal needs [7] Group 3: Skill Demonstrations and Public Engagement - The competition featured 40 selected "unique skills" showcased live, covering high-tech, handmade, and artistic creative fields, enhancing public engagement and appreciation for skilled labor [9] - The introduction of 70 "skill training mini-classes" aimed to educate the public, especially youth, on various skills, promoting a culture of skill development [9] Group 4: Overall Impact and Future Outlook - The event emphasized the importance of skill development and labor respect, fostering an environment where more skilled talents can emerge to tackle technical challenges and drive industrial upgrades [10]

Core Points - The third National Skills Competition opened in Zhengzhou, Henan, with 3,420 participants from 35 delegations, marking it as the largest and most comprehensive national vocational skills event in China [1][2] - A total of 106 competition projects are set, with over 50% focusing on intelligent manufacturing, high-end equipment, digital technology, and new energy [1] - The average age of participants is 24, with 77% under 30 and 70% under 25, indicating a youthful demographic [2] Group 1 - The competition includes 66 projects for the World Skills Competition and 40 selected national projects, showcasing a wide range of skills [1] - Four professional technical competition projects are introduced, including artificial intelligence engineering technology and integrated circuit engineering technology [1] - The event features a combination of skill competitions and exhibitions, with areas dedicated to national achievements, enterprise skills, and local specialties [2] Group 2 - The competition aims to enhance public engagement through innovative activities like "Skill Training Mini-Class" and "Skill Adventure Check-in," targeting especially the youth [3] - The event runs from September 20 to 22, with a closing ceremony on the evening of September 23 [3] - Various interactive projects are showcased, including AI smart glasses for CPR training and simulations of advanced machinery operations [2]

Group 1 - Shandong Industrial Bank successfully completed a financing project for a leading computing power infrastructure company, aligning with the government's push for financial support in technology development and the "Artificial Intelligence +" initiative [1] - The project is part of Shandong Industrial Bank's commitment to support technological innovation and plays a crucial role in facilitating the transformation of new and old growth drivers and promoting industrial upgrades [1] - The targeted company is a key player in computing power technology research and the industrialization of "Artificial Intelligence +", focusing on overcoming core technology challenges and enhancing industry competitiveness [1] Group 2 - Shandong Industrial Bank has actively engaged with the company to address its financial needs for optimizing capital structure and reducing financial leverage, demonstrating a proactive approach in aligning with the company's financing requirements [1] - The successful investment not only aids the company in optimizing its financial structure but also provides solid funding support for ongoing innovation and market expansion in the computing power sector [1] - Future plans include deepening collaboration with internal and external institutions to explore new financial models for technology innovation, with a focus on strategic emerging industries such as artificial intelligence, integrated circuits, and new energy [2]

Core Points - The third National Skills Competition opened in Zhengzhou, Henan, with 3,420 participants from 35 delegations, marking it as the largest and most comprehensive national vocational skills event in China [1][2] - A total of 106 competition projects are set, including 66 for the World Skills Competition and 40 selected national projects, with over 50% focusing on intelligent manufacturing, high-end equipment, digital technology, and new energy [1] - The average age of participants is 24, with 77% under 30 and 70% under 25, showcasing a mix of "skill newcomers" from educational institutions and experienced workers [2] Competition Structure - The competition features a combination of skills contests and exhibitions, including four major exhibition areas and interactive training experiences, highlighting advanced technologies and skills [2] - 40 unique skills demonstrations are presented, covering high-tech, handmade, and artistic fields, enhancing audience engagement and participation [2] Community Engagement - Innovative activities such as "Skill Training Mini-Class" and "Skill Adventure Check-in" are introduced to educate the public, especially youth, on skill knowledge and improve the overall experience of the event [3] - The competition runs from September 20 to 22, with a closing ceremony on the evening of September 23 [3]

Core Viewpoint - The recent judicial auction of a large industrial land parcel in Nanjing, previously designated for the Unisoc integrated circuit base, resulted in a significant price drop, with the land sold for approximately 96 million yuan, nearly 100 million yuan less than the market valuation [8][10][11]. Group 1: Auction Details - The land parcel, covering approximately 400,000 square meters, was successfully auctioned on September 19, 2025, by Nanjing Wanhao Electronic Technology Co., Ltd. for about 96 million yuan [8][9]. - The market price for the land was estimated at 195 million yuan, indicating a substantial discount of nearly 100 million yuan [8][10]. - The auction attracted two bidders and involved 30 rounds of bidding before the final sale [9]. Group 2: Background of the Land Parcel - The land was previously the site of the Unisoc Nanjing integrated circuit base project, which was expected to involve over 10 billion yuan in investment [11][12]. - Unisoc, a semiconductor company founded in 1988 and incubated by Tsinghua University, was once a prominent player in the industry, known for products like scanners and USB drives [11][12]. - The project was signed in 2017, with initial plans for completion within five years, but construction reportedly stalled by 2019, leading to speculation about the project's potential abandonment [13][14]. Group 3: Current Status of Unisoc - The project site is now overgrown with weeds, indicating neglect and lack of development [14]. - Unisoc faced liquidity issues starting in November 2020, leading to bankruptcy restructuring, and its former chairman was sentenced to death with a two-year reprieve in May of this year [14].

Core Viewpoint - Yangjie Technology's stock has experienced fluctuations, with a recent decline of 2.02% on September 19, 2023, despite a year-to-date increase of 54.84% [1] Financial Performance - For the first half of 2025, Yangjie Technology reported revenue of 3.455 billion yuan, a year-on-year increase of 20.58%, and a net profit attributable to shareholders of 601 million yuan, up 41.55% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.717 billion yuan, with 1.180 billion yuan distributed over the past three years [3] Shareholder Information - As of September 10, 2023, the number of shareholders decreased by 11.29% to 55,000, while the average number of tradable shares per person increased by 12.73% to 9,857 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 198.83 million shares, and E Fund's ChiNext ETF, which reduced its holdings by 18.16 million shares [3] Market Activity - On September 19, 2023, Yangjie Technology's stock price was 66.12 yuan per share, with a trading volume of 854 million yuan and a turnover rate of 2.33% [1] - The stock's market capitalization stood at 35.926 billion yuan [1] Business Overview - Yangjie Technology, established on August 2, 2006, and listed on January 23, 2014, specializes in the research, production, and sales of power semiconductor wafers, chips, and devices, as well as integrated circuit packaging and testing [1] - The company's revenue composition includes 88.05% from semiconductor devices, 7.34% from semiconductor chips, 2.59% from semiconductor wafers, and 2.02% from other sources [1]

Company Overview - Biyimi Microelectronics Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on May 29, 2014. The company went public on May 26, 2022. Its main business involves the design and sales of high-performance analog and mixed-signal integrated circuits [2]. Stock Performance - As of September 19, Biyimi's stock price decreased by 2.01%, closing at 44.39 CNY per share, with a trading volume of 52.29 million CNY and a turnover rate of 3.08%. The total market capitalization is 3.1 billion CNY [1]. - Year-to-date, the stock price has increased by 39.15%. Over the past five trading days, it has risen by 0.07%, over the past 20 days by 3.35%, and over the past 60 days by 30.94% [2]. Financial Performance - For the period from January to June 2025, Biyimi achieved a revenue of 283 million CNY, a year-on-year decrease of 6.99%. The net profit attributable to shareholders was -8.81 million CNY, representing a year-on-year increase of 16.92% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Biyimi is 6,014, an increase of 28.86% from the previous period. The average number of circulating shares per shareholder is 6,267, a decrease of 20.74% [2]. - Among the top ten circulating shareholders, Noan Multi-Strategy Mixed A (320016) is the sixth largest shareholder with 312,100 shares, marking its entry as a new shareholder. Both China Merchants Quantitative Selected Stock Initiation A (001917) and Xin'ao New Energy Industry Stock A (001410) have exited the top ten circulating shareholders list [3]. Business Segmentation - The main revenue composition of Biyimi is as follows: AC-DC accounts for 51.04%, Driver ICs for 44.33%, DC-DC for 3.94%, and other segments contribute 0.48% and 0.22% respectively [2]. - Biyimi operates within the Shenwan industry classification of Electronics - Semiconductors - Analog Chip Design, and is involved in several concept sectors including Gallium Nitride, Smart Home, Chip Concept, Integrated Circuits, and Analog Chips [2].

Core Viewpoint - SMIC's stock price has shown significant growth this year, with a year-to-date increase of 31.90% and a notable rise of 52.85% over the past 60 days, indicating strong market performance and investor interest [2]. Financial Performance - For the first half of 2025, SMIC reported revenue of 32.348 billion yuan, representing a year-on-year growth of 23.14%, while net profit attributable to shareholders was 2.301 billion yuan, up 39.76% compared to the previous year [3]. - As of June 30, 2025, the number of shareholders decreased by 2.20% to 252,300, while the average number of tradable shares per person increased by 2.26% to 8,223 shares [3]. Stock Market Activity - On September 19, SMIC's stock price rose by 2.17% to 124.80 yuan per share, with a trading volume of 2.059 billion yuan and a turnover rate of 0.84%, leading to a total market capitalization of 998.306 billion yuan [1]. - In terms of capital flow, there was a net outflow of 111 million yuan from main funds, with large orders showing a buy of 417 million yuan and a sell of 385 million yuan [1]. Shareholder Composition - As of June 30, 2025, major shareholders included various ETFs, with notable increases in holdings from institutions such as 华夏上证科创板50成份ETF and 易方达上证科创板50ETF, indicating growing institutional interest [3].