一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 证券代码：300474 证券简称：景嘉微 公告编号：2025-032 □适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ ■ 注1：2025年7月11日，乌鲁木齐景嘉合创股权投资合伙企业（有限合伙）更名为新余市景嘉合创股权投 资合伙企业（有限合伙）。 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 □适用 √不适用 公司是否具有表决权差异安排 □是 √否 4、控股股东或实际控制人变更情况 3 ...

Domestic Market Overview - The domestic market experienced a pullback after reaching a high, with the Shanghai Composite Index closing at 3666.44 points, down 0.46%, and the Shenzhen Component Index at 11451.43 points, down 0.87% [1][4][8] - Among 30 sectors, 29 saw declines, with the defense, telecommunications, and comprehensive sectors leading the losses, while only the non-bank financial sector recorded a slight increase [1][4][8] - The total trading volume of the A-share market reached 23063 billion, continuing to rise compared to the previous day [1][4][8] Overseas Market Overview - The three major U.S. stock indices closed mixed, with the Dow Jones down 0.02%, the S&P 500 up 0.03%, and the Nasdaq down 0.01% [2][4] - Amazon saw a significant increase of over 2%, while 3M and Home Depot led the Dow's decline, falling more than 2% and 1% respectively [2][4] News Highlights - The State Council decided to amend the regulations on the entry and exit of foreigners, introducing a new K visa for foreign youth in technology, allowing them to engage in educational, technological, and cultural exchanges as well as business activities [3][9][11] - The first domestically produced commercial electron beam lithography machine has entered application testing, marking a significant advancement in quantum chip research [15] - A self-regulatory convention for air passenger transport was published, aiming to enhance service quality and operational efficiency in the aviation industry [12][14]

今日关注 国务院公布《国务院关于修改〈中华人民共和国外国人入境出境管理条例〉的决定》，自10月1日起施 行。规定在普通签证类别中新增K字签证，发给入境的外国青年科技人才。 宏观经济 1、国家数据局介绍，我国算力总规模位居全球第二。今年将推出数据产权等10余项制度，并计划部署 一批数据产业集聚区建设试点，年底前将数据流通节点城市扩至50个左右。上海、天津、安徽等地正在 试点"数据语料作价入股"新模式。 2、国家发展改革委正与相关部门一道着手"十五五"海洋经济发展规划以及相关领域专项规划的编制工 作。将部署尽快突破一批关键核心技术；大力发展海上风电、海洋生物医药等新兴产业，积极培育海洋 未来产业。 3、中国航空运输协会发布航空客运自律公约，要求加强行业自律，杜绝以排挤竞争对手为目的的恶意 竞争行为。加强对航空销售网络平台以及销售代理人的监督管理，严禁违规捆绑销售、价外加价等行 为。 4、国家邮政局公布，7月份，快递业务收入完成1206.4亿元，同比增长8.9%。快递业务量完成164.0亿 件，同比增长15.1%。 投资要闻 1、央行公告称，将于8月15日开展5000亿元买断式逆回购操作，期限为6个月（182天）。 ...

1、 央行发布公告称，将于8月15日开展5000亿元买断式逆回购操作， 期限为6个月（182天）。叠加8月8日开展的7000亿3个月期买断式逆回购，本 月央行买断式逆回购已累计超额续作3000亿元，有效注入中期流动性。同时， 市场预计本月3000亿元MLF到期后，央行也可能加量续作。 2、 美联储9月降息预期再度受挫。美国7月PPI同比飙升至3.3%，为今年2月以来最高水平，远超预期的2.5 %；环比则上涨0.9%，为2022年6月以来最大 涨幅。同时， 旧金山联储主席戴利明确表示，反对在9月会议上实施50个基点的大幅降息， 认为此举可能释放不必要的紧急信号。芝加哥联储主席古尔斯 比也敦促美联储在通胀完全受控前不要"仓促"降息。 1、 国务院决定修改外国人入境出境管理条例，在普通签证类别中新增K字签证，发给入境的外国青年科技人才。 持证人入境后可从事教育、科 技、文化等领域交流及创业、商务等活动。 2、 国家数据局介绍，我国算力总规模位居全球第二。 今年将推出数据产权等10余项制度，并计划部署一批数据产业集聚区建设试点，年底前将数据流通 节点城市扩至50个左右。 上海、天津、安徽等地正在试点"数据语料作价入股 ...

Core Viewpoint - The A-share market experienced a significant fluctuation on August 14, with the Shanghai Composite Index briefly surpassing the 3700-point mark before closing down 0.46% at 3666.44 points, indicating a mixed market sentiment despite increased trading volume [1][3][7]. Market Performance - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index and the ChiNext Index fell by 0.87% and 1.08%, respectively [2][3]. - A total of 4600 stocks declined throughout the day, reflecting a broad market pullback [1][3]. Trading Volume - The total trading volume reached 2.31 trillion yuan, marking a year-to-date high and an increase of over 130 billion yuan compared to August 13 [3][7]. - This surge in trading volume indicates heightened market activity and investor interest [10]. Sector Performance - There was a notable divergence in sector performance, with sectors like humanoid robots and optical modules experiencing declines, while financial leaders showed resilience [3][8]. - Specific sectors such as stablecoins, insurance, digital currencies, and GPU indices saw gains of 4.21%, 2.64%, 1.66%, and 1.50%, respectively [7]. Market Sentiment and Future Outlook - Analysts suggest that the market may have entered a "slow bull" phase, driven by improved liquidity and a positive feedback loop from capital market policies [10][14]. - Institutions are divided on strategies, with some focusing on increasing exposure to undervalued sectors like consumption and technology, while others maintain a full or near-full position in growth stocks [12][13]. Investment Strategies - Investment strategies are evolving, with some institutions recommending a balanced approach to manage rapid sector rotations, particularly in high-growth areas like AI and innovative pharmaceuticals [18]. - The focus is on sectors with high earnings elasticity and those benefiting from increased retail participation, such as brokerage and insurance [18].

Macro Dynamics - The People's Bank of China announced a 500 billion yuan reverse repurchase operation with a term of 6 months to maintain ample liquidity in the banking system [2] Industry Insights - A total of 152 energy storage companies have responded to an initiative by the China Chemical and Physical Power Industry Association to promote fair competition and healthy development in the energy storage sector, indicating strong support for industry self-regulation [3] Company Dynamics - Longcheng Securities reported no significant changes in its operational environment despite a stock price fluctuation exceeding 20% [6] - Southwest Securities announced a 24.36% year-on-year increase in net profit for the first half of the year, with revenue reaching 1.504 billion yuan [7] - China Telecom's half-year report showed a 1.3% increase in revenue to 269.422 billion yuan and a 5.5% rise in net profit [11] - China Yangtze Power has established a five-year dividend plan, committing to distribute at least 70% of its annual net profit as cash dividends [12] - NetEase reported a second-quarter revenue of 27.9 billion yuan, with significant investments in R&D [13] - JD Group's second-quarter revenue reached 356.7 billion yuan, reflecting a year-on-year increase of 22.4% [14] - China Shipbuilding Industry has submitted an application for voluntary delisting from the A-share market due to a merger with China Heavy Industry [15]

Market Overview - The A-share market saw a majority of indices decline today, with the Shanghai Composite Index falling by 0.46% to close at 3666.44 points, and the Shenzhen Component Index dropping by 0.87% to 11451.43 points. The ChiNext Index decreased by 1.08% to 2469.66 points, while the Sci-Tech 50 Index rose by 0.75% to 1085.74 points [1] - Overall, there were 4644 stocks that declined, while only 734 stocks increased, and 41 stocks remained flat. The total trading volume in the Shanghai and Shenzhen markets reached 22792 billion yuan, an increase of 1282.72 billion yuan compared to the previous trading day [1] Industry Performance - Among the Shenwan first-level industries, only the financial sector saw an increase, while all other sectors experienced declines. The sectors that led the decline included comprehensive, defense and military, communication, steel, textile and apparel, and beauty and personal care [1] - The top-performing concept sectors today included insurance selection, digital currency, GPU, cross-border payment, servers, financial technology, and others [1]

AI is essential infrastructure like electricity and the Internet. This revolution is powered by the GPU, the heart of a new type of computing. One that could solve problems normal computers can't.And it started with graphics. The detail that our eye can see is extraordinary. And what creates the appearance of what we see in our everyday world are these incredible details that you get when you look up close at something.It's all of that together is what makes something look real. To have computer graphics sc ...

Well, we also heard from Cororeweave that the stock is moving lower right now in overtime following results just moments ago. The company posted a loss. We're not comparing that to estimates, but revenue was better than expected.The CEO saying it's scaling rapidly to meet quote unprecedented AI demand. So, let's bring in Nick Delo of Mafet Nathansson. Nick, it's great to have you on.I'm Cash Flow came in better than expected, too, because they didn't spend as much as they set out to on capex either. Why is ...

Market Overview - The A-share market showed a mixed performance today, with major indices mostly closing higher. The Shanghai Composite Index rose by 0.50% to close at 3665.92 points, while the Shenzhen Component increased by 0.53% to 11351.63 points. The Sci-Tech 50 index saw a significant rise of 1.91%, closing at 1069.81 points, and the ChiNext index gained 1.24%, ending at 2409.40 points. Overall, there were 3162 stocks that declined, while 2083 stocks advanced, with 172 stocks remaining flat. The total trading volume in the Shanghai and Shenzhen markets reached 18815 billion yuan, an increase of 545.47 billion yuan compared to the previous trading day [1][2]. Industry Performance - Among the primary industries, telecommunications, electronics, coal, household appliances, real estate, and non-bank financials led the gains, while sectors such as defense, steel, building materials, food and beverage, non-ferrous metals, and social services experienced declines [1][2]. Sector Highlights - The top-performing concept sectors today included optical modules (CPO), GPU, optical chips, servers, photolithography machines, ASIC chips, AI computing power, industrial gases, East Data West Computing, optical communications, semiconductor materials, stock trading software, semiconductor industry, consumer electronics OEM, and the National Big Fund [2].