证券日报网讯杰华特11月27日在互动平台回答投资者提问时表示，根据公司2025年第三季度报告，截至 2025年9月30日，公司股东户数为12，418户。为保证所有投资者平等获悉公司信息，根据信息披露公平 原则，公司按照相关要求会在定期报告中披露股东人数。 （文章来源：证券日报） ...

Core Insights - Angrui Microelectronics has officially launched its IPO process on the Sci-Tech Innovation Board, with a stock code of "688790" and plans to issue 24.8829 million shares to raise 2.067 billion yuan for R&D projects related to 5G RF chips and IoT chips [4] Company Overview - Angrui Microelectronics, established in 2012, specializes in integrated circuit design in the RF and analog fields, focusing on RF front-end chips, RF SoC chips, and other analog chips [1] - The company is recognized as a national-level "little giant" enterprise, providing high-performance, reliable, low-power, and highly integrated core devices and system-level solutions for smart mobile terminals, IoT, smart vehicles, and satellite communications [1] Industry Context - The RF front-end sector is experiencing a significant market opportunity, projected to reach hundreds of billions, alongside domestic substitution benefits [1] - Angrui Microelectronics has achieved industry-leading modularization capabilities, becoming one of the few domestic manufacturers to achieve large-scale shipments of complex modules [1] - The company's 5G high-integration module technology and product performance have reached a leading position domestically and are internationally advanced, successfully breaking the monopoly of international manufacturers in the 5G L-PAMiD module market [1] Investment Strategy - Shangfeng Cement has been steadily investing in new quality businesses in the semiconductor and new energy sectors, accumulating resources for transformation and development [2] - The investment in Angrui Microelectronics is expected to confirm the value of Shangfeng Cement's equity investments, providing investment returns and strengthening the strategic resource foundation for its "dual-wheel drive" strategy [2]

Core Viewpoint - Angrui Microelectronics has officially launched its IPO process on the Sci-Tech Innovation Board, aiming to raise funds for the development of RF front-end chips and SoC chips, aligning with national strategic needs and market opportunities [1][4]. Company Overview - Angrui Microelectronics is a national-level "little giant" enterprise focused on integrated circuit design in the RF and analog fields, primarily engaged in the R&D, design, and sales of RF front-end chips and RF SoC chips [1][2]. - The company has achieved a compound annual growth rate (CAGR) of over 50% in revenue over the past three years, with projected revenue nearing 2.1 billion yuan in 2024, indicating strong operational capabilities [1][2]. Technological Advancements - The company's 5G high-integration module technologies have reached a leading position domestically and are internationally advanced, successfully breaking the monopoly of international manufacturers in the 5G L-PAMiD module market [2]. - Angrui Microelectronics plans to enhance its R&D investment in high-integration modules and emerging applications such as satellite and vehicle wireless communication, contributing to the independent innovation of China's RF front-end chip industry [2]. Funding Utilization - The funds raised from the IPO will be allocated to projects focused on the R&D and industrialization of 5G RF front-end chips and modules, RF SoC development, and the construction of headquarters and R&D centers, aligning with the company's core business and national industrial policies [2]. Strategic Goals - The company aims to become a world-class chip company in the RF and analog fields by accumulating key technologies, enhancing talent reserves, and expanding product customer bases, addressing critical areas in national strategic development [2].

摩尔线程智能科技（北京）股份有限公司 （北京市海淀区翠微中里 14 号楼四层 B655） 险高、业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投 资者应充分了解科创板的投资风险及本公司所披露的风险因素，审慎作出 投资决定。 首次公开发行股票并在科创板上市 招股说明书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 副主承销商 （上海市浦东新区银城中路 200 号中银 （深圳市福田区福田街道福华一路 111 号） 大厦 39 层） （广东省广州市黄埔区中新广州知识城 腾飞一街 2 号 618 室） 本次发行股票拟在科创板上市，科创板公司具有研发投入大、经营风 摩尔线程智能科技（北京）股份有限公司 首次公开发行股票并在科创板上市招股说明书 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之 相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资 ...

Core Viewpoint - The company aims to enhance its capabilities in the RF front-end chip and module development, focusing on 5G technology and related applications, while also expanding its research and development efforts to meet emerging market demands [1][2][3]. Investment Projects - The company plans to invest a total of 206.73 million in three key projects: 1. 5G RF front-end chip and module R&D and industrial upgrade project with an investment of 109.61 million 2. RF SoC R&D and industrial upgrade project with an investment of 40.80 million 3. Headquarters and R&D center construction project with an investment of 56.32 million [2]. Company Overview - The company, Angrui Micro, specializes in RF and analog integrated circuit design and is recognized as a national-level "little giant" enterprise. It has made significant advancements in RF front-end chip technology, achieving domestic leadership and international competitiveness [2][3]. Strategic Goals - The company aims to become a world-class chip company in the RF and analog fields by focusing on product layout, R&D, and addressing key national strategic development areas. This includes transitioning from a domestic supplier to a global competitor in the RF chip market [3]. Financial Overview - The company reported a weighted average return on equity of -6.42% for 2024, an increase of 36.74 percentage points year-on-year. The return on invested capital for 2024 was -4.89%, up by 30.13 percentage points from the previous year [16]. - As of 2024, the company’s operating cash flow was -187 million, a decrease of 120 million year-on-year, while the net cash flow from financing activities was 80.02 million, down by 50.75 million [20]. Shareholder Structure - As of October 15, 2025, the largest shareholder is Beijing Xinke Equity Investment Partnership, holding 9.12% of the total shares. Other significant shareholders include Nanjing Tongxin and Nanjing Chuangxin, holding 7.28% and 7.01% respectively [49].

出坐下目 实达集团 +1 Q [4 600734 产通V 扬子晚报网11月27日讯(记者范晓林薄云峰实习生陈楷奇)11月26日晚间，实达集团（600734）、品高股份、品茗科技、长光华芯、金迪克等多只牛股发布 公告，提示股票交易风险。 截至发稿时，实达集团、品茗科技今天分别跌9.92%、8.19%。 | 75 45 | | --- | | CMB | | 5.54 | | -0.61 -9.92% | | | | | | --- | --- | --- | --- | --- | --- | --- | | 行业 | | 软件服务 -0.57% > | | | | | | 今井 | | 5.69 最高 | 5.99 | | 成交额 | 19.59亿 | | 股 | | 6.15 最低 | 5.54 | | 市净率 | 38.88 | | 市值1 | | 120.68亿 换手 | 15.80% | | 市周 M | 亏损 | | 分时 | | 日K 五日 | 周Ｋ | 目K | | O 眉用 | | | | | | | | A | | 叠加 ▼ | 竟价 | | | | 五档 | 分笔 | | 6.76 | | ...

Core Viewpoint - Multiple companies have issued announcements regarding stock trading risks, highlighting significant price fluctuations and operational uncertainties, urging investors to exercise caution in their trading decisions [1][3][5]. Group 1: Company Announcements - Shida Group announced that it has not engaged in any business cooperation with Alibaba Cloud, despite rumors, and reported a revenue of 134.59 million yuan with a net loss of 87.57 million yuan as of Q3 2025 [3][4]. - Pinggao Co. stated that its stock price had deviated significantly, with a cumulative increase of over 30% in two trading days, while its operational status remains stable [3][4]. - Long光华芯 confirmed that its recent operations are normal, but the contribution of its optical communication chips to sales and profits remains uncertain [5]. - Pinming Technology reported a 255.54% increase in stock price since September 25, 2025, and warned of potential risks due to price volatility [4][5]. - Jindike announced that it has produced approximately 1.56 million doses of a quadrivalent influenza vaccine, but sales are subject to seasonal fluctuations and uncertainties [5]. Group 2: Stock Buyback Adjustments - Industrial Fulian adjusted its share buyback price limit from 19.36 yuan to 75 yuan per share to ensure the smooth implementation of its buyback plan, reflecting confidence in its future development [2][6]. - The company has repurchased 7.70 million shares, accounting for 0.04% of its total share capital, with a total expenditure of 147 million yuan [6][7]. - Following a clarification announcement regarding its operational status, Industrial Fulian's stock price stabilized and rebounded, with recent trading prices reported at 58.93 yuan per share, giving it a market capitalization of 1.17 trillion yuan [8].

Core Viewpoint - Multiple companies have issued announcements regarding stock trading risks, highlighting significant price fluctuations and the need for investors to exercise caution in their trading decisions [1][4][9]. Group 1: Company Announcements - Shida Group announced that it has not engaged in any business cooperation with Alibaba Cloud, despite rumors circulating online [5]. - Pingao Co. reported that its recent operational status remains normal, but the stock price has experienced significant volatility, prompting a warning to investors [6]. - Changguang Huaxin indicated that while its operations are normal, there is uncertainty regarding the sales and profit contributions of its optical communication chips for the current year [11]. - Pinming Technology noted a substantial increase in its stock price, which has risen by 255.54% since September 25, leading to warnings about potential market risks [9][10]. - Jindike announced that it has produced approximately 1.56 million doses of a four-valent influenza vaccine this year, but sales may be affected by seasonal fluctuations and market promotion uncertainties [12]. Group 2: Stock Trading Risks - Shida Group emphasized the need for rational investment decisions due to the significant short-term price fluctuations of its stock [4]. - Pingao Co. highlighted that its stock price has deviated significantly from its normal trading range, indicating potential risks for investors [6]. - Pinming Technology warned that continued abnormal trading could lead to a suspension of trading or increased scrutiny from the Shanghai Stock Exchange [10]. - Changguang Huaxin cautioned investors about the uncertainties surrounding its product contributions to sales and profits, urging careful decision-making [11]. Group 3: Industrial Fulian's Share Buyback - Industrial Fulian announced an increase in its share buyback price limit from 19.36 yuan to 75 yuan per share to ensure the smooth implementation of its buyback plan [3][15]. - The company has repurchased 7.6974 million shares, accounting for 0.04% of its total share capital, with a total expenditure of 147 million yuan [17]. - Industrial Fulian reassured investors that the adjustment of the buyback price limit aligns with market conditions and will not adversely affect its operational activities or financial status [18][20].

Core Viewpoint - Multiple companies have issued announcements regarding stock trading risks, highlighting significant price fluctuations and operational uncertainties, urging investors to exercise caution and make informed decisions [1][2][3][4][5][6]. Group 1: Company Announcements - Shida Group announced a 5-day consecutive trading limit increase, clarifying that there is no business cooperation with Alibaba Cloud and reporting a net loss of 87.57 million yuan for Q3 2025 [2][3]. - Pingao Co. reported a cumulative price increase of over 30% in two trading days, emphasizing that its operational status remains stable but warning of potential trading risks [2][3]. - Pinming Technology's stock price surged by 255.54% from September 25 to November 26, leading to warnings about significant market risks and potential trading suspensions [3][4]. - Changguang Huaxin confirmed normal operations but noted uncertainties regarding the sales contribution of its optical communication chips [4]. - Jindike announced the completion of its production season for flu vaccines, with approximately 1.56 million doses produced, but highlighted uncertainties in sales due to seasonal demand fluctuations [4]. Group 2: Stock Buyback Adjustments - Industrial Fulian adjusted its stock buyback price ceiling from 19.36 yuan to 75 yuan per share, reflecting confidence in its future development and ensuring the smooth implementation of the buyback plan [5][6]. - The company has repurchased 7.6974 million shares, accounting for 0.04% of its total share capital, with a total expenditure of 147 million yuan [5][6]. - Following a clarification announcement regarding operational stability, Industrial Fulian's stock price rebounded, with recent trading showing increases of 1.2% and 4.1% [6].

公司拟使用本次募集资金投入5G射频前端芯片及模组研发和产业化升级项目、射频SoC研发及产业化升 级项目、总部基地及研发中心建设项目，合计拟投入募集资金约20.67亿元。 公司是一家专注于射频、模拟领域的集成电路设计企业，是国家级专精特新重点"小巨人"企业。公司主 要从事射频前端芯片、射频SoC芯片及其他模拟芯片的研发、设计与销售。自成立以来，公司通过持续 的研发投入和技术积累，不断进行产品高效迭代，为客户提供高性能、高可靠性、低功耗、高集成度的 射频及模拟芯片产品。 公司2022年度至2025年半年度归属于母公司股东的净利润分别为：-2.9亿元、-4.5亿元、-6470.92万 元、-4029.95万元。公司预计2025年度归属于母公司股东的净利润约为-1.13亿元至-4170.88万元左右， 与上年同期相比变动约为-74.41%至35.54%左右。 昂瑞微(688790.SH)披露招股意向书，公司拟公开发行股票数量为2488.2922万股，占发行后公司总股本 的比例为25%。高级管理人员与核心员工拟通过资产管理计划参与本次发行战略配售，参与战略配售的 数量合计不超过本次发行规模的10%，即248.8292万 ...