证券代码：301348 证券简称：蓝箭电子 公告编号：2025-027 佛山市蓝箭电子股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、与专业投资机构共同投资的概况 为更好地进行公司主营业务上下游的产业布局，发挥协同效应，提升公司核心竞争 力，佛山市蓝箭电子股份有限公司（以下简称"公司"）拟以自有资金参与铜川普耀九 州基金管理有限公司（以下简称"普耀九州"）发起设立的投资基金，基金名称为展速 未来（嘉兴）股权投资合伙企业（有限合伙）（以下简称"展速未来""合伙企业"或 "基金"）。2025 年 7 月 8 日，公司签署了《展速未来（嘉兴）股权投资合伙企业（有 限合伙）之基金合伙协议》（以下简称"合伙协议"）。 本次投资事项不存在同业竞争，不构成关联交易，也不构成《上市公司重大资产 重组管理办法》规定的重大资产重组情况。根据《深圳证券交易所创业板股票上市规 则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等规则及《公司章程》的规定，本次投资事项无需提交公司董事会及股东大会审议。 二、合作方基本情况 （一）普通合伙人 ...

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/iv9tzQhxQr ...

Summary of Semiconductor Industry Conference Call Industry Overview - The semiconductor supply chain is accelerating towards self-sufficiency, with significant growth in equipment and materials manufacturers' orders and performance in Q2 2025 [1][2][3] - Key sectors such as storage, analog, and MCU are showing signs of recovery, with strong performance guidance from SoC companies indicating robust demand [1][2] Market Performance - In June 2025, global semiconductor stocks performed well, with the Shenzhen Composite Index rising nearly 6% [2] - Demand for mobile phones, PCs, and wearable devices remains stable, with Xiaomi's AI glasses receiving positive market feedback [1][2] - The automotive market is experiencing steady growth, with Xiaomi's new car sales exceeding expectations [1][2] Inventory and Supply Chain Dynamics - The inventory situation for mobile phones is stable, while PC inventory adjustment space is narrowing [1][3] - Power semiconductor manufacturers are gradually improving their inventory levels [1][3] - TSMC maintains its capital expenditure guidance, while SMIC and Hua Hong are steadily expanding production [1][3] Pricing Trends - After a rapid increase, DDR4 prices are losing momentum, with some models even trading below DDR5 prices, which is expected to drive DDR5 adoption [1][3] - In April 2025, global semiconductor sales increased by over 20% year-on-year, with significant growth in China and the Americas [1][3] Company Developments - Domestic GPU manufacturers such as Muxi and Moer Thread are making progress, while Loongson has released a fully autonomous server CPU [1][2] - Companies like Rockchip and Espressif are showing stable performance, and the MCU market is recovering across multiple sectors [1][2] Financial Performance - Micron's latest financial report shows a nearly 50% increase in HBM revenue, with expectations for Q3 revenue growth of 38% year-on-year and 15% quarter-on-quarter [3][22] - Analog chip companies are experiencing significant revenue growth, with companies like Ti and AD expected to see a 10%-20% increase in Q2 2025 [4][25] Investment Recommendations - Investment suggestions focus on two main areas: self-sufficiency and marginal changes in the economic cycle, with recommended sectors including upstream equipment and materials, storage chip modules, manufacturing and advanced packaging, and AI-related chips [13] Challenges and Opportunities - The RF industry faces competitive pressures, but opportunities for domestic substitution are noteworthy, particularly in the automotive sector [6][28] - The power semiconductor market remains stable, with good demand in the new energy vehicle sector, although price competition persists [7][29] Conclusion - The semiconductor industry is showing signs of recovery and growth across various sectors, with strong demand and improving financial performance expected in the coming quarters. The focus on self-sufficiency and technological advancements will be crucial for future developments [1][2][3][13]

Group 1 - Westwood Holdings Group (NYSE: WHG) has experienced positive performance in 2023, particularly in fund inflows, aligning with favorable trends in value and small-cap factors, to which the company is over-indexed [1] - The positive trend in fund inflows is expected to continue into the second quarter of 2025 [1] Group 2 - Quipus Capital adopts a long-only investment strategy, focusing on operational aspects and the long-term earnings potential of companies rather than market-driven dynamics [2] - The investment philosophy emphasizes holding companies independently of future price movements, with most recommendations being holds [2] - The approach aims to provide valuable information for future investors while maintaining a healthy skepticism towards a bullish market [2]

[Música] Todos quisiéramos una relación como en las películas, ¿verdad? como las que vemos eso, esas relaciones, esos esas conexiones que vemos entre dos personas que se conocen, que encuentran un vínculo y después sucede algún tipo de conflicto y de alguna manera siempre encuentran la manera de resolverlo y terminan el felices para siempre, ¿verdad? ¿Para dónde apunto el clicker? está apagado. Alor está apagado. Entonces, todos quisiéramos ver ese tipo de relaciones en nuestras vidas. Quisiéramos sentir es ...

Core Insights - The article highlights the investment strategies and achievements of Paul Franke, a seasoned investor with 39 years of trading experience, emphasizing his contrarian stock selection style and the development of a system called "Victory Formation" for identifying stocks based on supply/demand imbalances [1] Group 1: Investment Strategies - Paul Franke suggests using 10% or 20% stop-loss levels on individual stock choices to manage risk effectively [1] - A diversified approach is recommended, advocating for ownership of at least 50 well-positioned stocks to achieve consistent outperformance in the stock market [1] - The "Bottom Fishing Club" articles focus on identifying deep value candidates or stocks that are experiencing significant upward technical momentum reversals [1] Group 2: Analytical Approach - Franke employs daily algorithm analysis of both fundamental and technical data to enhance stock selection [1] - The "Volume Breakout Report" articles discuss positive trend changes that are supported by strong price and volume trading actions, indicating potential investment opportunities [1]

Core Viewpoint - Zhengfan Technology plans to acquire a 62.23% stake in Hanjing Semiconductor for cash, which will make Hanjing a subsidiary of Zhengfan. This acquisition is expected to enhance Zhengfan's market presence in the semiconductor industry and expand its product line in high-consumption components [3][10]. Group 1: Acquisition Details - The acquisition does not constitute a related party transaction or a major asset restructuring [3]. - Hanjing Semiconductor is a leading supplier in the quartz products industry and the first domestic producer of silicon carbide consumables, serving major semiconductor equipment manufacturers [7][8]. - The estimated valuation for Hanjing Semiconductor is set at 18 billion yuan, with a corresponding price-to-earnings (PE) ratio of 21.4 based on projected net profit for 2024 [9][10]. Group 2: Financial Performance - In Q1 2023, Hanjing Semiconductor reported revenue of 88.22 million yuan and a net profit of 23.20 million yuan, with a net asset value of 257 million yuan [8]. - Zhengfan Technology's revenue for Q1 2023 was 677 million yuan, reflecting a year-on-year growth of 14.94%, while net profit increased by 38.23% to 34.42 million yuan [10]. - The semiconductor business is projected to account for 50.8% of Zhengfan's revenue in 2024, with emerging markets contributing 11.5% [10].

Core Viewpoint - The semiconductor equipment components industry is experiencing unprecedented growth opportunities due to increased market demand, accelerated localization processes, and significant investments, which are reshaping the industry landscape [3][10][12]. Group 1: Importance of Semiconductor Equipment Components - Semiconductor equipment components are critical to the performance and reliability of semiconductor devices, encompassing various parts such as O-Rings, EFEMs, RF Generators, and more [4][5]. - These components can be categorized based on functionality (mechanical, material transfer, electrical, vacuum, gas-liquid transport, optical, thermal management, and instrumentation) and standardization levels (precision machined parts and general purchased parts) [5][6]. Group 2: Market Growth and Domestic Demand - The semiconductor industry is witnessing a cyclical recovery, driven by demand from consumer electronics and emerging fields like AI and automotive electronics, leading to increased spending on semiconductor equipment [10]. - The global semiconductor manufacturing equipment sales are projected to reach $117 billion in 2024, a 10% increase from 2023, with Q1 2025 expected to see a 21% year-on-year growth [10][11]. - Domestic semiconductor equipment manufacturers are experiencing rapid growth, with companies like North Huachuang and Zhongwei reporting significant revenue increases of 37.9% and 35.4%, respectively [11][12]. Group 3: Capital Investment in Semiconductor Equipment Components - The semiconductor equipment components sector is attracting significant capital investment, with several companies successfully going public or securing funding [13][14]. - Companies like Blue Motion Precision and Naske have received substantial investments to support their focus on key components for the semiconductor industry [13][14]. Group 4: International Expansion of Component Manufacturers - Chinese semiconductor equipment component manufacturers are actively expanding into overseas markets, with exports expected to reach 37.08 billion yuan in 2024 [15]. - Companies like Fuchuang Precision are successfully increasing their international revenue, with significant growth in both domestic and overseas markets [15].

RT Token Terminal 📊 (@tokenterminal)BIG BEAUTIFUL METRICS PAGES & WHERE TO FIND THEM:📂 Market sectors📂 Lending📂 Metrics📂 Active loansThank you for your attention to this matter! https://t.co/cpeKGGIESA ...

Despite all of this and the clear narrative, the US wants to restrict access to technology to China. We still have Jensen Huang actually wanting to sell into China more long term. Beth Is that a fool's dream.Yeah, I think there are two sides to this. From invidious perspective, they don't want to lose that revenue. This is a massive country.But what the United States government is really communicating is that the technology has too far reaching implications for this to really be about like the next consumer ...