国家大基金一期减持动作正在不断加速。 最新消息显示，11月17日，盛科通信公告，大股东国家集成电路产业投资基金股份有限公司（简称"大基金"）减持计划期满，2025年8月25日至 2025年11月17日累计通过集中竞价减持1018.91万股，占公司总股本2.49%，目前尚余211.09万股未减持。 不久前，国家大基金一期转让了硅数股份的股份。11月10日，大基金拟转让其持有的硅数股份全部股份，约5150.771万股股份，占后者总股本 的14.31%，转让底价为8.44亿元。 大基金向来是行业投资的风向标，被投标的往往是细分行业龙头，因此其在市场的"进退"牵动着投资者的心。就在大基金一期密集退出企业的 同时，此消彼长间，大基金二期、大基金三期正在不断对企业进行"加注"，上海企业的身影频繁闪现其中。 01 大基金一期年内密集"撤退" 两家上海龙头均被减持 近一年来，大基金一期密集减持退出潮持续开展，尤其在半导体领域，更是其退出的重点行业。 除了文章开头的两家企业外，今年9月份，大基金一期第三次减持北方华创后，持股比例降至5%以下。根据公告，今年7月28日-9月15日，大基 金一期减持北方华创259.18万股，减持比 ...

Core Viewpoint - The company plans to raise up to 159 million yuan through a private placement of A-shares to enhance its capital strength and improve profitability, with all proceeds intended for working capital replenishment [1][5][11]. Group 1: Background and Purpose of the Issuance - The semiconductor industry is a cornerstone of the electronic information sector, increasingly vital in global economic development, driven by new demands in cloud computing, big data, 5G, AI, and other emerging fields [1][2]. - The issuance aims to support the company's business expansion and meet the growing operational funding needs, as the semiconductor packaging and testing industry is capital and technology-intensive [6][11]. Group 2: Industry Trends and Market Potential - The global semiconductor packaging and testing market is projected to grow from 82.2 billion USD in 2023 to 96.1 billion USD by 2026, indicating a favorable market environment for sustainable development of packaging and testing enterprises [4][5]. - Advanced packaging technologies are expected to see significant growth, with the advanced packaging market forecasted to increase from 45 billion USD in 2024 to 80 billion USD by 2030, at a compound annual growth rate of 9.4% [3][4]. Group 3: Financial Aspects of the Issuance - The company intends to use the raised funds to improve its financial structure, enhance debt repayment capacity, and reduce financial risks, thereby supporting sustainable development [5][11]. - The issuance price is set at 20.11 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [9][10]. Group 4: Issuance Participants and Compliance - The issuance will be subscribed entirely by the company's actual controllers and their affiliates, demonstrating their confidence in the company's future [6][7]. - The selection of issuance participants complies with relevant regulations, ensuring that they possess the necessary risk recognition and financial capability [8][12]. Group 5: Impact on Financial Metrics - The issuance is expected to dilute immediate returns, with projections indicating a potential decrease in earnings per share, but measures are in place to mitigate this impact [17][20]. - The company has committed to improving operational efficiency and cost management to enhance long-term shareholder value and protect investor interests [21][22].