每日｜荐读 论坛： 新一批敲钟人，已在路上 荐读： 重新发现香港：科创时代的新蓝图 榜单： 全国首只AIC产业母基金来了 热文： 投资人"忙疯了" 12月24日，徐州国润产业投资基金（有限合伙）（以下简称"睢宁县产业母基金"或"基金"）成功在中国证券投资基金业协会完成备案，标志着该基 金正式设立并迈入到实质性运作阶段。 睢宁县产业母基金是国盛集团权属企业徐州国盛富瑞资产管理有限公司管理的县域级产业母基金，由睢宁县产业投资集团有限公司发起设立。基金规 模20亿元，聚焦新质生产力，聚力"2+3"产业布局，主要投向装备制造、新材料、新能源、集成电路、生物医药与大健康、高端纺织、电商家居等 战略性新兴产业领域及未来产业。运作模式上，基金将采用"直投+子基金"双轮驱动方式，一方面助力本土优质企业做大做强，另一方面精准吸引外 地优质项目落地睢宁，切实发挥资本纽带作用，推动产业链强链补链延链。目前，该基金首个项目已同步完成投资决策，为后续高效运作筑牢了坚实 基础。 来源：徐州国盛集团 ...

12月9日，省政协主席周波来到沈抚示范区和抚顺市，到所联系企业进行走访调研，召开座谈会， 听取企业意见建议。 中国石油抚顺石化公司是集"油化焦塑洗蜡"为一体的大型石油化工联合企业，拥有97年发展历史。 周波走进80万吨/年乙烯装置脱瓶颈改造及能效提升项目建设现场，详细了解项目推进情况，对企业大 力推进"减油增化"，不断扩大高端新材料市场优势给予肯定。 调研中，周波与企业负责人座谈，详细询问企业在发展中还存在哪些困难和问题，认真倾听企业诉 求。企业负责人就完善产业协同政策、帮助企业更好走出去、促进企业转型升级等提出意见建议。 周波强调，企业是辽宁振兴的关键支撑，要紧扣企业需求，聚焦产业链强链补链延链，强化要素保 障，让企业创新更有动力，发展无后顾之忧。周波表示，辽宁正全力打造营商环境最优口碑省，坚决整 治突出问题，营造亲清政商关系。省政协将发挥优势助推问题解决，与企业同向发力，为辽宁实现全面 振兴新突破凝聚合力。 辽宁美托科技股份有限公司是一家致力于航空、航天、各类气源系统、特种高压气瓶、航空液压管 路件等系列产品的研发、制造、检测与应用开发的国家级高新技术企业、国家专精特新"小巨人"企业。 周波走进企业展厅， ...

Group 1 - The core focus is on high-quality development and the construction of a modern industrial system to inject vitality into economic growth [1][8] - Emphasis on leveraging the advantages of key industries and accelerating project construction to enhance enterprise cultivation [1][8] - The importance of chain-leading enterprises in driving industrial collaboration and innovation is highlighted [8] Group 2 - Companies such as GAC Aion, SANY, and BYD are under review for their operational status and project progress [3][8] - Encouragement for enterprises to grasp industry trends and enhance R&D capabilities to expand market share [13] - Local parks and relevant departments are urged to provide effective services to boost enterprise confidence and create a favorable development environment [14]

Core Viewpoint - The largest-scale restructuring in the domestic computing power industry has made significant progress with the merger of Haiguang Information and Zhongke Shuguang, which will be conducted through a share exchange ratio of 1:0.5525 [1] Group 1: Company Merger Details - Haiguang Information will issue A-shares to all shareholders of Zhongke Shuguang to absorb the latter, with Zhongke Shuguang's market value at approximately 90.5 billion yuan and its corresponding value in Haiguang Information shares at about 88.5 billion yuan [1] - The transaction values Zhongke Shuguang at approximately 27.4 billion yuan, with its net assets projected to be 20.4 billion yuan in 2024 [1] Group 2: Industry Implications - The restructuring is expected to optimize the industrial layout from chips to software and systems, gathering quality resources from both upstream and downstream of the information industry chain [2] - The merger aligns with regulatory requirements and is supported by favorable policies, which will enhance the complementary advantages in technology reserves and product development between the two companies [2] - The restructuring case is seen as a model for capital markets serving the real economy, promoting the ability of capital markets to support high-quality development [2]

Core Viewpoint - The merger between AI chip company Haiguang Information and server manufacturer Zhongke Shuguang is a significant event in the Chinese semiconductor industry, expected to reshape the competitive landscape and optimize operational efficiencies [5][32][48]. Group 1: Merger Details - Haiguang Information, with a market value of 316.4 billion yuan, is set to acquire Zhongke Shuguang, which has a market value of 90.5 billion yuan, marking a strategic consolidation in the semiconductor sector [5]. - Zhongke Shuguang holds a 27.96% stake in Haiguang Information, indicating a complex interrelationship between the two companies [8][12]. - The merger aims to enhance the integration of their operations, from chip production to software and systems, thereby creating a more robust supply chain [32][44]. Group 2: Financial Implications - In 2024, Zhongke Shuguang reported a pre-tax profit of 2.291 billion yuan, with significant contributions from government subsidies and investment income, particularly from Haiguang Information [9][11][12]. - Haiguang Information's revenue for 2024 is projected at 9.162 billion yuan, with a notable operating profit margin compared to Zhongke Shuguang [15][39]. - The merger is expected to reduce operational costs by streamlining sales channels and eliminating redundant expenses, potentially lowering the combined company's expense ratios [38][39]. Group 3: Market Position and Strategy - The merger is seen as a strategic move to address existing competition and optimize financial performance, as both companies have intertwined business operations [30][38]. - The combined entity is anticipated to provide a comprehensive solution in the AI era, aligning with global trends towards integrated computing solutions [44][48]. - The relationship between Haiguang and Zhongke Shuguang is characterized by mutual dependency, with each company significantly contributing to the other's profitability [23][24][30].

Group 1 - The A-share market opened lower on May 26, but the Shanghai Composite Index rebounded, with the Sci-Tech Chip ETF (588200) showing a slight increase of 0.14% during trading [1] - The Sci-Tech Chip ETF has seen a net inflow of 1.03 billion yuan in the previous trading day and has recorded net inflows for four consecutive trading days, totaling over 2.9 billion yuan [1][2] - Major semiconductor companies, Haiguang Information and Zhongke Shuguang, are planning a merger, which will optimize the industry layout from chips to software and systems, enhancing the overall resource integration in the information industry [2] Group 2 - Zhongke Shuguang is a leading domestic information enterprise with strong capabilities in high-end computing, storage, and cloud computing, while Haiguang Information focuses on domestic architecture CPU and DCU core chip design [2] - The merger is expected to strengthen the semiconductor industry chain, with the "Sci-Tech Board Eight Articles" leading to 102 new merger transactions totaling over 26 billion yuan since its release [2] - The semiconductor industry has high technical barriers, and mergers can quickly acquire key technologies or market shares, especially as the IPO pace slows down [3]