Core Viewpoint - Chengdu Huawi experienced a slight increase in stock price and notable trading activity, indicating a high level of investor interest and potential volatility in the market [1][2]. Financing Summary - On September 29, Chengdu Huawi had a financing buy-in amount of 33.87 million yuan, with a net financing outflow of -13.74 million yuan, resulting in a total financing balance of 492 million yuan, which represents 4.85% of its market capitalization [1]. - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1]. - The company also had a securities lending activity with 1,697 shares repaid and 1,100 shares sold, with a total selling amount of 51,200 yuan, and a lending balance of 67,220 yuan, which is above the 80th percentile of the past year [1]. Business Performance - As of June 30, the number of shareholders for Chengdu Huawi was 13,100, a decrease of 2.53% from the previous period, while the average circulating shares per person increased by 2.60% to 16,617 shares [2]. - For the first half of 2025, the company reported a revenue of 355 million yuan, reflecting a year-on-year growth of 26.93%, while the net profit attributable to shareholders decreased by 51.26% to 35.72 million yuan [2]. Dividend and Institutional Holdings - Chengdu Huawi has distributed a total of 84.06 million yuan in dividends since its A-share listing [3]. - As of June 30, 2025, among the top ten circulating shareholders, Huaxia Industry Prosperity Mixed A Fund increased its holdings by 932,900 shares to 5.92 million shares, while the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF increased its holdings by 2.74 million shares to 4.53 million shares [3].

Core Points - The article discusses the new tax deduction policy for R&D expenses, effective from January 1, 2023, allowing companies to deduct 100% of R&D expenses that do not form intangible assets and 200% for those that do [4][5] - For integrated circuit and industrial mother machine companies, the deduction is 120% for expenses not forming intangible assets and 220% for those that do, applicable from 2023 to 2027 [4] Group 1: Policy Details - Companies can choose to enjoy the tax deduction for R&D expenses during their tax prepayment in July for the first half of the year or in October for the first three quarters, provided they can accurately account for R&D expenses [5][6] - The policy allows companies to self-assess their eligibility for the deduction based on actual R&D expenses incurred, and they must retain relevant documentation for verification [5][6] Group 2: Eligibility and Definition - Resident enterprises, except for those in specific industries such as tobacco, accommodation, and retail, can enjoy the R&D expense deduction if they maintain sound accounting practices and can accurately account for R&D expenses [7] - R&D activities are defined as systematic activities aimed at acquiring new scientific and technological knowledge or significantly improving technology, products, or processes [8] Group 3: Additional Considerations - Companies can still benefit from the tax deduction for R&D expenses even if the R&D activities fail [10] - The article clarifies that certain activities, such as routine upgrades or direct applications of existing technologies, do not qualify for the tax deduction [9]

Group 1 - The 2025 Hangzhou International Talent Exchange and Project Cooperation Conference has officially commenced, featuring a high-level talent recruitment fair as a core segment, facilitating efficient connections between talent and industry [1] - Over 300 key enterprises and institutions from Hangzhou gathered, establishing multiple zones for talent recruitment, including a dedicated area for postdoctoral positions [1] - Major companies such as Hikvision and Geely, along with top research institutions like Westlake University, showcased over 6,000 job openings, with 93% of positions offering monthly salaries exceeding 10,000 [1] Group 2 - The postdoctoral recruitment zone attracted significant interest, with 80 postdoctoral workstations actively seeking talent, receiving numerous resumes within the first hour [2] - Hangzhou is enhancing its appeal as a global talent hub by providing a more open environment, superior conditions, and precise services, showcasing the city's charm and commitment to attracting talent [2]

Core Insights - Jinan City is implementing a comprehensive industrial development strategy focusing on innovation, advanced manufacturing, digital integration, and green development to build a modern industrial system with local characteristics [1] Group 1: Industrial Upgrade - Jinan is promoting the optimization and upgrading of its manufacturing sector by enhancing traditional industries and nurturing emerging ones, focusing on 13 key industrial chains and 34 priority chains, with a target of exceeding 1 trillion yuan in industrial revenue for the first time from 2022 to 2024 [2] Group 2: Technological Innovation - The city emphasizes innovation as the foundation for industrial development, fostering enterprise-led innovation and focusing on key areas for technological breakthroughs, resulting in over 1,300 projects in new products and technologies [3] Group 3: Digital Integration - Jinan is advancing its digital economy through initiatives like "Digital Jinan," aiming for software business revenue of 585.6 billion yuan in 2024, with industrial software accounting for 35 billion yuan, representing 11.9% of the national total [4] Group 4: Green Development - The city is committed to a green, low-carbon development path, integrating sustainable practices into economic growth, with over 400 green factories and supply chains established, enhancing the overall green level of the industrial supply chain [5]

Group 1 - The company received a government subsidy of 3.7752 million yuan, which represents 15.27% of the net profit attributable to shareholders for the most recent audited year [2][3] - The subsidy is classified as a revenue-related government grant and is expected to have a positive impact on the company's operating performance for the fiscal year 2025 [3] - The specific accounting treatment of the government subsidy and its impact on the company's profit and loss will be confirmed after the annual audit by the auditing agency [3]

Core Insights - The increasing role of technological research and development (R&D) in driving economic growth is highlighted, with regional innovation being a crucial component for achieving innovation-driven development and addressing economic challenges [2] R&D Funding Overview - In 2024, total R&D funding in China reached 36,326.8 billion yuan, an increase of 2,969.7 billion yuan from the previous year, representing an 8.9% growth [2] - The R&D funding intensity, measured as a percentage of GDP, is 2.69%, up by 0.11 percentage points from the previous year [2] Regional R&D Investment - Six provinces (or municipalities) invested over 2,000 billion yuan in R&D: Guangdong (5,099.6 billion yuan), Jiangsu (4,597.5 billion yuan), Beijing (3,278.4 billion yuan), Zhejiang (2,901.4 billion yuan), Shandong (2,597.3 billion yuan), and Shanghai (2,343.7 billion yuan) [4] - Seven provinces (or municipalities) exceeded the national average R&D funding intensity: Beijing (6.58%), Shanghai (4.35%), Guangdong (3.60%), Tianjin (3.44%), Jiangsu (3.36%), Zhejiang (3.22%), and Anhui (2.76%) [2][4] Guangdong's R&D Leadership - Guangdong's R&D funding surpassed 5,000 billion yuan for the first time, maintaining its position as the top province for R&D investment for nine consecutive years [5] - The province's GDP reached 14.16 trillion yuan, accounting for 10.5% of the national economy, and it continues to lead in various economic indicators [5] Jiangsu's R&D Strength - Jiangsu ranks second in R&D funding with 4,597.5 billion yuan, supported by rich educational resources and a strong industrial base [6] Growth in R&D Funding - Twelve provinces (or municipalities) had R&D funding exceeding 1,000 billion yuan in 2024, consistent with the previous year [7] - R&D funding has increased by 179% from 2014, with the highest growth rates observed in provinces such as Hainan, Jiangxi, and Yunnan [7] Emerging Industries in Anhui - Anhui's new industries, including electric vehicles and integrated circuits, are experiencing significant growth, with electric vehicle production increasing by 94.5% to 1.684 million units [8] - The province is attracting talent and population inflow due to the rapid development of high-end manufacturing and emerging industries [8]

Group 1 - Hong Kong stocks strengthened today, with technology-related concepts such as semiconductors, integrated circuits, and chips leading the gains [1] - As of the market close, the CSI Hong Kong Stock Connect Internet Index rose by 2.3%, the Hang Seng Technology Index increased by 2.1%, and the Hang Seng Hong Kong Stock Connect New Economy Index climbed by 1.9% [1] - The CSI Hong Kong Stock Connect Medical and Health Comprehensive Index and the CSI Hong Kong Stock Connect Consumer Theme Index both rose by 1.8% [1] Group 2 - According to Wind data, as of last Friday, the net inflow for the E Fund Hang Seng Technology ETF (513010) exceeded 4 billion yuan in the past month, ranking first among similar ETFs [1] - The Hang Seng New Economy ETF tracks the Hang Seng Hong Kong Stock Connect New Economy Index, which consists of the 50 largest stocks in "new economy" sectors within the Stock Connect range [2] - The Hang Seng Technology ETF tracks the Hang Seng Technology Index, composed of the 30 largest stocks highly related to technology, with over 90% of the index comprising information technology and consumer discretionary sectors [2] Group 3 - The Hang Seng Medical ETF tracks the CSI Hong Kong Stock Connect Medical and Health Comprehensive Index, which includes 50 highly liquid and large-cap stocks in the healthcare sector, accounting for over 90% of the index [2] - The Hang Seng Internet ETF tracks the CSI Hong Kong Stock Connect Internet Index, consisting of stocks from 30 leading internet companies, primarily in information technology and consumer discretionary sectors [2] - The Hang Seng Consumer ETF tracks the CSI Hong Kong Stock Connect Consumer Theme Index, which includes 50 large-cap consumer stocks, with nearly 60% in consumer discretionary [3]

Group 1 - The "2025 Global Digital Economy Conference and the Second Beijing Digital Talent Development Conference" was officially opened on September 29, focusing on the cultivation and development of digital talent in Beijing [1][3] - The report released by Beijing's Human Resources and Social Security Bureau highlights a growing demand for digital talent, particularly in high-tech industries such as integrated circuits and intelligent manufacturing, with a significant talent gap [3][4] - The average monthly salary for digital talent in high-demand sectors is notably high, with integrated circuits at 17,623.57 yuan, new energy smart vehicles at 17,264.67 yuan, and intelligent manufacturing at 16,836.64 yuan [3][4] Group 2 - The research report outlines the current status of digital talent cultivation in Beijing, emphasizing the establishment of a multi-level training platform and the goal of training 10,000 digital technology skilled personnel annually [4] - New policies and mechanisms have been introduced to support digital talent development, including the "Implementation Plan for Cultivating Digital Technology Skilled Talent" and the "Implementation Plan for Accelerating Digital Talent Cultivation (2024-2026)" [4] - The "Beijing Entrepreneurship" innovation competition attracted 198 projects for the inaugural digital talent special competition, showcasing the city's commitment to fostering digital talent [4][5]

每经头条（nbdtoutiao）——农夫大战怡宝，抢到更多蛋糕的却是宗馥莉！农夫绿瓶上市后，怡宝上 演"滑铁卢"：市占率大跌近5个百分点 （记者 王晓波） 每经AI快讯，帝奥微（SH 688381，收盘价：28.11元）9月29日晚间发布公告称，因筹划发行股份及支 付现金购买资产事项江苏帝奥微电子股份有限公司正在筹划以发行股份及支付现金的方式购买荣湃半导 体（上海）有限公司股权。因本次交易尚存在不确定性，为了保证公平信息披露、维护投资者利益，避 免对公司股价造成重大影响，经公司申请，公司股票已于2025年9月29日开市起停牌，并将于2025年9月 30日开市起继续停牌，预计停牌（累计）时间不超过10个交易日。 2024年1至12月份，帝奥微的营业收入构成为：集成电路占比100.0%。 截至发稿，帝奥微市值为70亿元。 ...

每经头条（nbdtoutiao）——农夫大战怡宝，抢到更多蛋糕的却是宗馥莉！农夫绿瓶上市后，怡宝上 演"滑铁卢"：市占率大跌近5个百分点 （记者 曾健辉） 2024年1至12月份，东芯股份的营业收入构成为：集成电路占比99.75%，其他业务占比0.25%。 截至发稿，东芯股份市值为489亿元。 每经AI快讯，东芯股份（SH 688110，收盘价：110.54元）9月29日晚间发布公告称，公司第三届第四次 董事会会议于2025年9月29日在公司会议室以现场与通讯相结合方式召开。会议审议了《关于提请公司 股东会授权董事会办理股权激励相关事宜的议案》等文件。 ...