Group 1 - The core viewpoint of the article highlights the negative impact of U.S. trade policies on Taiwan's industries, particularly the semiconductor sector, which is now viewed as a "weak industry" due to U.S. exploitation [1][2] - The Taiwanese government is criticized for its lack of principles in dealing with the U.S., leading to a situation where local industries are forced to compromise and cede control to American interests [1] - The so-called "Taiwan model" proposed by the Taiwanese authorities is described as a facade for selling out to the U.S., which will result in a detrimental outflow of resources from Taiwan [1] Group 2 - The U.S. Department of Agriculture's recent visit to Taiwan aimed to secure a 30% increase in agricultural product purchases over the next four years, which is seen as a form of economic bullying [2] - The Taiwanese agricultural sector is at risk of becoming a dumping ground for U.S. products, which could severely impact local prices and the livelihoods of Taiwanese farmers [2] - The article suggests that the U.S. views Taiwan primarily as a tool for its geopolitical strategies against China, rather than as a partner [2]

Group 1: Company Overview - Guangli Micro is a leading supplier of integrated circuit EDA software and wafer-level electrical testing equipment, focusing on improving chip yield and rapid monitoring technology [2] - The company has formed a comprehensive solution for yield enhancement, integrating design software, WAT testing equipment, and semiconductor data analysis tools [2] Group 2: Financial Performance - In the first half of 2025, the company achieved revenue of CNY 245.94 million, a year-on-year increase of 43.17% [2] - Software development and licensing revenue reached CNY 91.01 million, up 50.24% year-on-year; testing equipment and accessories revenue was CNY 15.35 million, increasing by 38.13% [2] - The net profit attributable to shareholders was CNY 15.68 million, a significant increase of 518.42% year-on-year [2] Group 3: Product Development - The company is upgrading its DFT product architecture and has developed a self-researched yield perception diagnostic analysis platform, YAD, which utilizes DFT diagnostic technology and AI for real-time data analysis [3] - Following the acquisition of LUCEDA NV, Guangli Micro aims to integrate both companies' technological advantages in the silicon photonics field, focusing on a comprehensive solution covering design, manufacturing, testing, and yield enhancement [3] Group 4: Future Strategy - The company plans to enhance its silicon photonics design automation toolchain and develop a collaborative design platform for optoelectronic devices [3] - It aims to improve yield enhancement solutions for silicon photonics manufacturing, leveraging its expertise in semiconductor manufacturing tools [3] - Guangli Micro will also expand its market presence in Europe and the United States while promoting product integration with domestic leading manufacturers [4]

Core Viewpoint - The Shanghai Stock Exchange reports that in the first half of 2025, companies on the Sci-Tech Innovation Board (STAR Market) demonstrated strong performance with a 5% year-on-year revenue growth, highlighting their "hard technology" strength and development vitality through stable performance and robust R&D investment [1][3]. Group 1: Performance Metrics - In the first half of 2025, a total of 589 companies on the STAR Market generated combined revenues of 701.4 billion yuan, reflecting a 5% year-on-year increase. Excluding four leading photovoltaic companies, the combined revenue was 616 billion yuan, marking a 12% increase [3]. - The net profit for these companies totaled 35.6 billion yuan, showing an 11% year-on-year growth [3]. - Among 54 unprofitable companies, the total revenue reached 99.9 billion yuan, which is an 8% increase compared to the previous year [3]. Group 2: R&D Investment - The overall R&D investment of the STAR Market exceeded 84.1 billion yuan, which is 2.8 times the net profit, with a median R&D investment ratio of 12.61% [3]. - The market boasts 240,000 R&D personnel and 130,000 invention patents, establishing it as the highest density of R&D-focused enterprises in the capital market [3]. - A total of 138 companies received national-level science and technology awards, with 60% of companies achieving core technologies at an internationally advanced level and 30% of products being industry-first innovations [3][4]. Group 3: Market Activity - Since the beginning of 2025, 72 companies have disclosed 76 share repurchase plans, with a total proposed repurchase amount exceeding 6.6 billion yuan, indicating strong confidence in long-term development [5]. - Notable companies like Canray Technology and Langqi Technology have announced multiple repurchase plans, with the upper limit for their repurchases reaching 400 million yuan each [5]. - Additionally, 26 companies have disclosed 29 shareholding increase plans, with a cumulative upper limit of nearly 2 billion yuan, reflecting active management support for their companies' value [5].

唯捷创芯首次公开发行股票募集资金总额为266,932.80万元，扣除发行费用后，募集资金净额为 250,251.13万元。唯捷创芯最终募集资金净额比原计划多1529.31万元。唯捷创芯于2022年4月7日披露的 招股说明书显示，该公司拟募集资金248,721.82万元，分别用于集成电路生产测试项目、研发中心建设 项目、补充流动资金项目。 唯捷创芯首次公开发行股票的发行费用总额16,681.67万元，其中，保荐及承销费用14,731.30万元。 中国经济网北京10月15日讯唯捷创芯(688153.SH)今日收报34.06元，跌幅2.29%。目前该股处于破发状 态。 唯捷创芯于2022年4月12日在上交所科创板上市，公开发行股票4008.00万股，发行价格为66.60元/股， 保荐机构(主承销商)为中信建投（601066）证券股份有限公司，保荐代表人为武鑫、沈杰。 ...

Core Insights - Crystal Integrated Circuit Co., Ltd. has seen a stock price increase of 5.45%, reaching 38.31 CNY per share, with a trading volume of 1.52 billion CNY and a turnover rate of 3.49%, resulting in a total market capitalization of 76.855 billion CNY [1] Company Overview - Crystal Integrated Circuit Co., Ltd. is located in Hefei, Anhui Province, and was established on May 19, 2015, with its listing date on May 5, 2023 [1] - The company primarily engages in 12-inch wafer foundry services, focusing on advanced process research and application, providing various process nodes and different technology platforms for customers [1] - The revenue composition of the company is as follows: 98.20% from integrated circuit wafer foundry, 1.32% from other sources, and 0.48% from additional services [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Caitong Fund has a significant position in Crystal Integrated Circuit [2] - Caitong CSI 500 Index Enhanced A (018633) held 55,400 shares in the second quarter, accounting for 0.91% of the fund's net value, ranking as the ninth largest holding [2] - The fund has achieved a year-to-date return of 25.8%, ranking 1890 out of 4220 in its category, and a one-year return of 25.54%, ranking 1871 out of 3857 [2] Fund Manager Performance - The fund managers of Caitong CSI 500 Index Enhanced A include Zhu Haidong, Gu Hongyuan, and Guo Xin [3] - Zhu Haidong has a tenure of 6 years and 94 days, with a total fund asset size of 1.478 billion CNY and a best return of 64.89% during his tenure [3] - Gu Hongyuan has been managing for 4 years and 144 days, with a fund size of 484 million CNY and a best return of 47.7% [3] - Guo Xin has a tenure of 1 year and 222 days, managing 1.351 billion CNY with a best return of 47.51% [3]

Group 1 - The article discusses the recent comments made by U.S. Commerce Secretary Gina Raimondo regarding a trade agreement with Taiwan, emphasizing the "50-50" concept in semiconductor manufacturing, which has been denied by the Taiwanese authorities [1][3] - The spokesperson for the Taiwan Affairs Office, Chen Binhua, criticized the U.S. for prioritizing its own interests and highlighted the absurdity of the Taiwanese government's claims about the best-ever Taiwan-U.S. relations, suggesting that such compromises only lead to increased pressure from the U.S. [3] - The semiconductor industry, identified as Taiwan's core competitive advantage, is portrayed as being exploited by the U.S., with the article attributing this situation to the Taiwanese government's reliance on external forces for independence, leading to a lack of principles and concessions [3]

国台办发言人陈斌华表示，美国政府高官的说法，让世人再度看清美国永远奉行"美国利益优先"的真实面目，以及民进党当局所谓"台美关系史上最 好"的可笑和一味妥协退让只会换来美国步步进逼、软土深掘的可悲。集成电路是台湾最具竞争力的核心优势产业，而今却沦为任由美国巧取豪夺 的"弱势产业"，根源在于民进党当局为了"倚外谋独"，只会无原则媚美、无底线卖台。 套用最近爆红两岸的网络歌曲《没出息》，台湾的优势产业 本来应该"从从容容、游刃有余"，如今却是"慌慌张张、连滚带爬"。 国台办举行例行新闻发布会。 记者：美国商务部长卢特尼克日前称，将与台达成贸易协议，坚持美台芯片制造"五五分"构想。民进党当局予以否认，称双方持续就关税问题磋商。 岛内业界表示，美方是勒索，对台湾和台积电不公平。对此有何评论？ ...

Core Viewpoint - The U.S. government's approach towards Taiwan's semiconductor industry is perceived as exploitative, with the Taiwanese authorities criticized for their lack of resistance to U.S. demands [1] Group 1: U.S.-Taiwan Trade Relations - U.S. Commerce Secretary's statement about a trade agreement with Taiwan highlights the ongoing negotiations regarding tariffs, which the Taiwanese government denies [1] - The Taiwanese industry views the U.S. stance as coercive, suggesting that it is unfair to Taiwan and TSMC [1] Group 2: Taiwan's Semiconductor Industry - Taiwan's semiconductor industry, once a competitive advantage, is now seen as vulnerable to U.S. exploitation due to the Taiwanese government's conciliatory policies [1] - The current situation is described as a shift from a position of strength to one of desperation, reflecting a decline in Taiwan's industrial autonomy [1]

Group 1 - The definition of fixed assets includes non-monetary assets held for production, service provision, leasing, or management, with a usage period exceeding 12 months, such as buildings, machinery, and tools [4] - The minimum depreciation period for fixed assets is specified, with different categories having distinct minimum years for depreciation calculation [4] - Certain fixed assets are not eligible for depreciation deductions, including unused assets, leased assets, and assets unrelated to business activities [4] Group 2 - Accelerated depreciation can be applied to fixed assets due to technological advancements, allowing for shortened depreciation periods or methods such as double declining balance or sum-of-the-years-digits [5] - Special provisions for accelerated depreciation include one-time deductions for newly purchased R&D equipment valued under 1 million yuan and specific policies for assets valued under 5,000 yuan [5][6] - For software and integrated circuit production equipment, depreciation periods can be shortened, with a minimum of 2 years for software and 3 years for production equipment [6]

Core Insights - A research team from Peking University has developed a high-precision, scalable analog matrix computing chip based on resistive random-access memory (ReRAM), achieving analog computing precision comparable to digital systems [1][2] - The chip significantly enhances computational throughput and energy efficiency, with improvements ranging from 100 to 1000 times over current top digital processors (GPUs) [1][2] Group 1 - The chip addresses complex matrix equation solving, which is essential for applications like communication base station signal processing and AI model training [1] - The research team utilized a novel approach combining new information devices, original circuits, and classical algorithms to create a full analog matrix equation solver with 24-bit fixed-point precision [1][2] - The team successfully demonstrated a relative error as low as 10^-7 after 10 iterations for a 16x16 matrix inversion, showcasing the chip's high precision [2] Group 2 - In terms of performance, the chip surpasses high-end GPU single-core performance when solving 32x32 matrix inversion problems, achieving over 1000 times the throughput of traditional digital processors for 128x128 matrices [2] - The chip's energy efficiency is over 100 times better than traditional digital processors, making it a critical technology for high-efficiency computing centers [2] - The application of this technology in large-scale MIMO signal detection demonstrated high fidelity in image recovery with a bit error rate comparable to 32-bit digital calculations, highlighting its potential in real-time signal processing [2] Group 3 - The breakthrough in analog computing is expected to reshape the computational landscape, providing a promising path for enhancing computational power and potentially breaking the long-standing dominance of digital computing [3]