□ 有助于股票市场持续成长，中长期平稳向好。股票市场对实体经济高质量发展的支持力度会持续加 大，对经济发展作出更大贡献。 □ 有助于市场更加有力地支持高新技术企业上市，更好支持新质生产力的培育与成长。一方面，科技企 业上市加快将激活股市的融资与成长双引擎；另一方面，科技赛道崛起将优化股市结构并重塑估值体 系。 2024年9月以来，股票市场向好势头整体巩固，上证指数累计涨幅超39%；创业板、科创板指数累计涨 幅均超99%。我国股票市场究竟发生了怎样的重大变化？这种变化会有怎样的重大意义？这是本文讨论 的主要内容。 一、我国股票市场跨入新发展时代的特征 □ 连 平 王运金 股票市场跨入新发展时代，是我国经济金融发展过程中具有里程碑意义的大事，将产生一系列重大而积 极的影响： □ 有助于丰富股票、基金以及衍生品等资本市场产品，为境内外投资者提供更多优质的可投资产品。一 方面，股票市场投资需求推动产品拓展与创新；另一方面，政策推动产品创新。 □ 有助于提升居民的资产配置能力，不断改善配置结构。资本市场的加速发展正深刻重塑居民资产配置 格局，推动配置能力的提升与配置结构的优化，而房地产与权益资产的占比调整则成为核心趋势 ...

格隆汇12月29日丨长芯博创(300548.SZ)公布，公司作为有限合伙人与湖北国翼投资管理有限公司（简 称"国翼投资"）、嘉博芯盛、浙江省金投科创母基金二期创业投资合伙企业（有限合伙）（简称"浙江 省科创母基金"）、长江鑫时代鄂州产业投资基金合伙企业（有限合伙）（简称"长江鑫时代基金"）、 浙江瑆南股权投资有限公司（简称"南投"）和嘉兴科技城产业投资基金有限公司（简称"科技城"）共同 投资设立合伙企业，并拟签署《嘉兴长翼博创创业投资合伙企业（有限合伙）有限合伙协议》。合伙企 业的规模为3亿元人民币，其中公司作为有限合伙人以自有资金出资10,800万元，占合伙企业总规模的 36%。投资领域：重点围绕人工智能布局人工智能硬件，人工智能算法，人工智能应用，新一代通信技 术，机器人，智能物联，智能制造装备等领域的企业进行股权投资。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002600 证券简称：领益智造 公告编号：2025-216 广东领益智造股份有限公司 关于2025年第六次临时股东会的补充通知 1、广东领益智造股份有限公司（以下简称"公司"）将于2025年12月22日（星期一）15:00召开2025年第 六次临时股东会。 2、2025年第六次临时股东会将取消原拟审议的提案： ■ 注：提案2.00原拟修订制度包括《公司章程》《董事会议事规则》及H股发行并上市后适用的《公司章 程（草案）》《董事会议事规则（草案）》。 其余提案未变更。 一、取消部分议案的相关情况 公司于2025年12月5日召开第六届董事会第二十二次会议，审议通过了《关于拟选举公司独立董事的议 案》《关于修订〈公司章程〉等制度的议案》《关于召开2025年第六次临时股东会的议案》，并于2025 年12月6日披露了《关于召开2025年第六次临时股东会的通知》（公告编号：2025-212）。 2025年12月10日，公司董事会收到第六届董事会独立董事候选人周春生先生的书面通知，其因个人原因 不再担任公司独立董事候选人，特向公司董事会提出取消独立董事候选人提名 ...

Core Viewpoint - Lingyi Zhizhao (002600.SZ) has signed a partnership agreement with several investment entities to participate in the Dinghui Zhong'an M&A (Anhui) Equity Investment Fund, focusing on investments in high-quality targets in artificial intelligence and next-generation communication technologies, aligning with the company's strategic planning [1] Investment Details - The total subscribed capital from all partners amounts to RMB 206.575 million, with the company contributing RMB 10 million, representing 4.84% of the total [1] - The company will not participate in the investment decision-making process for the Dinghui Zhong'an projects [1] Strategic Alignment - The investment focus on artificial intelligence and next-generation communication technologies is in synergy with the company's main business and future strategic planning [1]

Core Viewpoint - Guangdong Dingtai High-Tech (301377) has submitted an application to list on the Hong Kong Stock Exchange, positioning itself as a leading global supplier of precision manufacturing solutions in the PCB industry, particularly as the largest supplier of drilling needles by sales volume [1][3]. Company Overview - Dingtai High-Tech integrates tools, materials, and equipment, focusing on high-end precision manufacturing to create maximum value for customers [1]. - The company has established production bases in Dongguan, Guangdong, and Nanyang, Henan, and has a production capacity of 15 million drilling needles per month at its overseas base in Thailand [5]. Product Portfolio - The product range includes precision tools, grinding and polishing materials, functional film materials, and intelligent CNC equipment, serving critical markets such as AI servers, robotics, semiconductors, low-orbit satellite communications, high-end equipment manufacturing, and smart vehicles [3]. Financial Performance - Revenue increased from RMB 1.191 billion in 2022 to RMB 1.295 billion in 2023, with a further projected increase to RMB 1.553 billion in 2024. For the first half of 2025, revenue is expected to reach RMB 893.658 million, reflecting a 27.0% growth from the same period in 2024 [8]. - Net profit for the years 2022, 2023, and 2024 is reported at RMB 222.655 million, RMB 219.485 million, and RMB 227.306 million, respectively [9]. R&D Investment - R&D expenditures for 2022, 2023, and 2024 were RMB 79.817 million, RMB 97.722 million, and RMB 109.597 million, representing approximately 6.7%, 7.5%, and 7.1% of total revenue for those years [10]. Industry Overview - The global PCB market is projected to grow from USD 62 billion in 2020 to USD 75 billion in 2024, with a compound annual growth rate (CAGR) of 4.9%. The market is expected to stabilize and grow at a CAGR of approximately 4.5% from 2024 to 2029, driven by advancements in AI, data centers, and new communication technologies [11][12]. Market Demand - The demand for PCBs is increasing in various sectors, including automotive electronics, consumer electronics, and semiconductors, with a notable growth in high-performance PCBs driven by the rise of AI and electric vehicles [19][20].

Core Viewpoint - The company is focusing on high-end PCB products for advanced sectors such as aerospace and medical devices, aiming to enhance its core competitiveness in emerging technologies like AI and new energy vehicles [1] Group 1: Industry Focus - PCB products serve as critical components in aerospace and medical equipment, providing essential support for related devices and control systems [1] - The company plans to actively expand its customer base in cutting-edge fields including AI servers, AI computing cards, AI phones, AIPC, smart driving, new energy vehicles, and next-generation communication technologies [1] Group 2: Future Plans - Despite the current low revenue contribution from high-end sectors, the company intends to prioritize the development and expansion of its high-end PCB product offerings in the future [1]

Group 1 - The ChiNext Index experienced fluctuations, with a peak increase of over 1% before closing down by 0.15%. Notable stocks included Feilihua, which rose by 5.46%, and Shenguan Medical, which increased by 4.60% [1] - The Chairman of the China Securities Regulatory Commission announced plans to deepen reforms in the ChiNext market, aiming to establish listing standards that better align with the characteristics of emerging industries and innovative enterprises [1] - The 20th Central Committee's Fourth Plenary Session emphasized accelerating high-level technological self-reliance and strengthening the national innovation system, which is expected to create unprecedented opportunities for the technology sector during the 14th Five-Year Plan period [1] Group 2 - According to Shenwan Hongyuan Securities, the adjustment in the technology growth sector has reached a sufficient level, with the profitability of growth styles reverting to early September levels. The relative value of growth styles has been restored [2] - The technology growth sector is anticipated to receive positive catalysts in the medium term, driven by increasing overseas AI capital expenditure and advancements in the domestic AI industry [2] - The ChiNext ETF closely tracks the ChiNext Index, which consists of 100 stocks with large market capitalization and good liquidity, reflecting the performance of the ChiNext market [2]

Core Viewpoint - Shenghong Technology reported significant growth in revenue and net profit for Q3 2025, indicating strong business performance and market demand [1][4]. Financial Performance - In Q3 2025, the company achieved revenue of 5.086 billion yuan, a year-on-year increase of 78.95%, and a net profit of 1.102 billion yuan, up 260.52% [1][4]. - For the first three quarters of 2025, Shenghong Technology's revenue reached 14.117 billion yuan, reflecting an 83.40% year-on-year growth, while net profit was 3.245 billion yuan, marking a 324.38% increase [1][4]. Stock Market Performance - On October 27, 2025, Shenghong Technology's stock closed at 340.32 yuan per share, rising 10.14%, with a total market capitalization of 296.2 billion yuan [1]. - The company's stock price has increased over 714% year-to-date [1]. Shareholder Structure - The largest shareholder, Shenzhen Shenghua Xinye Investment Co., Ltd., holds 15.63% of shares, while the second-largest shareholder, Shenghong Technology Group (Hong Kong) Co., Ltd., holds 15.24% [4]. - Hong Kong Central Clearing Limited's shareholding decreased by 7.65% to 2.96%, while other shareholders also saw reductions in their holdings [4][6]. Capacity Expansion - Shenghong Technology is progressing with its Huizhou factory project, aimed at producing high-layer and high-density interconnect printed circuit boards (PCBs) [7]. - The company has established five R&D and production bases domestically and internationally, with advanced smart factories to meet high-end product mass production needs [7]. Strategic Focus - The company is actively expanding in the artificial intelligence PCB sector, focusing on high-growth areas such as AI computing power and autonomous driving [8]. - Shenghong Technology's chairman emphasized the importance of seizing opportunities in AI development and maintaining a strategic focus on innovation in materials and technology [8].

Group 1 - The signing of the cooperation agreement for the optical chip industrialization project marks a significant investment in Foshan, with a total fixed asset investment of 6.3 billion yuan and an expected annual output value of nearly 10 billion yuan upon reaching full production [5][6] - Guangdong Xiandai Rare Materials Co., Ltd., the largest producer of selenium and tellurium products globally, will lead the project, focusing on core products such as optoelectronic materials, optoelectronic sensors, and optical modules [5][6] - The project aims to enhance the semiconductor industry ecosystem in Foshan, which currently includes 336 semiconductor enterprises and has an industrial output value exceeding 90 billion yuan [6][7] Group 2 - Foshan has prioritized attracting investment, emphasizing both "large-scale and strong enterprises" and "supplementing and strengthening the industrial chain," leading to several semiconductor projects making progress [7] - Local enterprises are advancing up the value chain, with projects like the expansion of Blue Arrow Electronics and the establishment of the largest chip testing and packaging base in the Greater Bay Area, expected to drive an investment of approximately 4.5 billion yuan and achieve an annual output value of 3 billion yuan [7] - The successful signing of this project reflects Foshan's commitment to fostering new productive forces through strategic investments in key industries such as semiconductors, which are essential for digital economy and AI development [6][7]

Group 1 - The signing of the cooperation agreement marks the establishment of the largest optical chip industrialization project in Guangdong, with a fixed asset investment of 6.3 billion yuan and an expected annual output value of nearly 10 billion yuan upon reaching full production [1][3] - The project will focus on core products such as optoelectronic materials, optoelectronic sensors, and optical modules, with a comprehensive production capacity of 210,000 epitaxial wafers, 40,000 chips, 300,000 optical communication devices, and 500,000 optical modules annually [3][4] - This project is the largest fixed asset investment project in Foshan in the past two years and represents the largest proposed investment scale since the establishment of the Foshan New Momentum Industry Fund [3][4] Group 2 - Foshan has established a semiconductor ecosystem covering the entire chain from materials to equipment, with over 336 large-scale semiconductor enterprises and an industrial output value exceeding 90 billion yuan [5] - The city has prioritized attracting investment, focusing on both "large and strong" projects and "supplementing and strengthening" the industrial chain, leading to significant progress in several semiconductor projects [5] - The successful signing of this project reflects Foshan's commitment to accelerating the landing of industrial projects and enhancing new productive forces [4][6]