集成电路ETF（159546）跟踪的是集成电路指数（932087），该指数从市场中选取涉及集成电路设计、 制造、封装测试及相关材料设备等业务的上市公司证券作为指数样本，以反映集成电路行业相关上市公 司证券的整体表现。该指数成分股具有较高的技术含量和成长潜力，是科技风格配置的重要指标。 （文章来源：每日经济新闻） 国元证券表示，政策与资本双轮驱动，AI应用加速迈入商业闭环阶段。7月31日国务院常务会议审议通 过《关于深入实施"人工智能+"行动的意见》，提出加快推动AI在重点领域的规模化、商业化应用，明 确释放顶层政策信号，推动国内"算力—模型—应用"正向循环形成。海外方面，AI设计协作平台Figma 成功上市，首日市值对应PS达70倍，凸显市场对AI场景变现能力的强烈预期。 ...

Group 1 - The core point of the article is the establishment of Guangzhou Wanjie Digital Technology Co., Ltd. with a registered capital of 10 million yuan [1] - The company is fully owned by Wanjie Technology (300552) [1] - The business scope includes integrated circuit manufacturing, sales of integrated circuit chips and products, AI industry application system integration services, and IoT technology research and development [1]

Group 1 - Yandong Microelectronics (SH 688172) announced a share buyback of approximately 2.63 million shares, representing 0.1841% of its total share capital of about 1.428 billion shares, with a total expenditure of approximately RMB 49.97 million [1] - The highest and lowest prices for the repurchased shares were RMB 20 and RMB 15.67 per share, respectively [1] - For the year 2024, Yandong Microelectronics reported that integrated circuits accounted for 96.87% of its revenue, while other businesses contributed 3.13% [1] Group 2 - As of the report, Yandong Microelectronics has a market capitalization of RMB 27.8 billion [1]

Group 1 - The core point of the article highlights that Xindao Technology (SH 688230) announced its second board meeting on August 3, 2025, to discuss the proposal regarding not holding a shareholders' meeting for the current transaction [1] - For the fiscal year 2024, Xindao Technology's revenue composition is entirely from integrated circuits, accounting for 100.0% [1] Group 2 - A warning from a German executive in China indicates that the industry is facing a brutal price war, emphasizing that autonomous driving should not be free, as it could lead to disastrous consequences for the entire sector [1]

Core Viewpoint - The article discusses the recent policies introduced by the Guangzhou Development Zone (Huangpu District) aimed at enhancing financial services to support high-quality development of the real economy and technological innovation, with a focus on flexible investment mechanisms and risk tolerance [1][3]. Group 1: Policy Measures - The newly introduced measures include a total of 50 billion yuan for a technology innovation and entrepreneurship investment mother fund, which will leverage social capital to focus on strategic emerging industries [3]. - The policy framework consists of a "12345" modern financial investment service system, which includes one policy system, two major cultivation projects, three service mechanisms, four service carriers, and five activity brands [1]. - The risk tolerance mechanism allows for significant losses in seed and angel investments, with up to 100% loss permitted for individual projects, marking a shift in the approach of state-owned funds [3][4]. Group 2: Financial Support and Investment - The new policies provide substantial financial support for licensed financial institutions and venture capital firms, with incentives up to 2 million yuan for headquarters and 100,000 yuan for investments in early-stage technology companies [8]. - The Guangzhou Development Zone has over 900 venture capital institutions with a total scale exceeding 270 billion yuan, indicating a robust investment landscape [8]. - Knowledge property rights are emphasized as a key focus area, with policies encouraging companies to use intellectual property as collateral for financing, thus addressing funding challenges for startups [9][11]. Group 3: Economic Impact - The Huangpu District has seen significant growth in its industrial output, with the automotive industry generating 62.36 billion yuan in value, reflecting an 8.7% increase, and the integrated circuit industry growing by 17.1% [13]. - The district's GDP reached 206.91 billion yuan, with a year-on-year growth of 4.0%, surpassing the city's growth rate of 3.8% [13].

一、日常关联交易基本情况 （一）日常关联交易审议程序 公司于 2025 年 7 月 31 日召开第二届董事会独立董事专门会议第一次会议， 审议通过了《关于 2025 年度日常关联交易额度预计的议案》，并对上述议案发表 了一致同意的审核意见。独立董事认为：公司 2025 年度日常关联交易预计额度 符合公司经营发展需要，定价政策将严格遵循公平、公开、公正的原则，符合相 关法律、法规和规范性文件的规定，不存在损害公司或股东利益，特别是中小股 东利益的情形。独立董事专门会议同意本议案，并同意将该议案提交公司董事会 审议。 中信建投证券股份有限公司 关于上海南芯半导体科技股份有限公司 日常关联交易预计的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐机构"）作 为上海南芯半导体科技股份有限公司（以下简称"公司"、"南芯科技"）首次公 开发行股票并在科创板上市的保荐机构。根据《中华人民共和国公司法》《中华 人民共和国证券法》 《证券发行上市保荐业务管理办法》 《上海证券交易所科创板 股票上市规则》等有关规定，对南芯科技日常关联交易预计的情况进行了专项核 查，核查情况如下： 公司于 2025 年 7 月 ...

Group 1 - The integrated circuit industry is considered the "grain" of modern industry and is foundational for new information industries such as IoT, big data, and cloud computing [3] - The capital market, represented by the Sci-Tech Innovation Board, has become the main battleground for financial support of the integrated circuit industry's self-reliant development, gradually forming a virtuous development pattern characterized by "leading heads, complete chains, and collaborative innovation" [3][6] - The upcoming Lujiazui Financial Salon will focus on how patient capital can support the high-quality development of this strategic and foundational industry, helping to strengthen, supplement, and extend the industrial chain [3][23] Group 2 - Yang Bin, President of Shanghai Sci-Tech Innovation Center Equity Investment Fund Management Co., has extensive experience in company finance and financial technology, and has made significant contributions to the investment landscape of the integrated circuit industry [3][6] - The event will feature five experts from various fields discussing opportunities and challenges in the integrated circuit industry, including the role of private equity and venture capital in investment [23] - The Lujiazui Financial Salon is guided by the Shanghai Municipal Financial Office and the Pudong New Area Government, aiming to create a regular communication platform that supports the high-quality development of the Pudong economy and the construction of Shanghai as an international financial center [23]

Core Viewpoint - The company has approved the use of part of its raised funds to provide a loan of up to 35 million yuan to its wholly-owned subsidiary, Shenzhen Jinghua Zhixin Microelectronics Co., Ltd., for the implementation of the "R&D Center Construction Project" [1][5][8] Summary of Fundraising Situation - The company raised a total of 1,047,987,200 yuan from its initial public offering, with a net amount of 920,537,016.65 yuan after deducting issuance costs [1] - The funds have been deposited in a special account approved by the board of directors, and a tripartite supervision agreement has been signed with the sponsor and the supervising bank [1][6] Summary of Investment Projects - The company has adjusted its fundraising project plans, including the termination of the "Industrial Control Instrument Chip Upgrade and Industrialization Project" and the extension of the "R&D Center Construction Project" deadline to July 2027 [2][3] - The "R&D Center Construction Project" will now be implemented by the subsidiary Jinghua Zhixin, which will also include the development of smart home control chips [3][5] Loan Details - The loan will be disbursed in batches based on the construction progress and actual funding needs, with a maximum term of two years for each loan [4] - The interest rate will be based on the latest one-year Loan Prime Rate (LPR) published before the loan date [4] Purpose and Impact of the Loan - The loan aims to meet the funding needs of the investment project, ensuring its smooth implementation and aligning with the company's strategic planning [5][6] - The company maintains control over the subsidiary's operations during the loan period, ensuring manageable financial risks [6] Fund Management Post-Loan - The loaned funds will be managed in a special account dedicated to the investment project, with strict compliance to relevant regulations and timely information disclosure [6][7] Approval Process - The board of directors approved the loan at the 18th meeting of the second board session held on July 29, 2025, without needing shareholder approval [7][8] Sponsor's Opinion - The sponsor has confirmed that the loan provision aligns with the company's fundraising plan and does not harm the interests of the company or its shareholders [8]

Core Viewpoint - Jinghua Micro announced the convening of its 18th meeting of the second board of directors on July 29, 2025, to discuss the election of members of the audit committee [2] Financial Performance - For the year 2024, Jinghua Micro's revenue composition is as follows: integrated circuits account for 99.96%, while other businesses account for 0.04% [2]

Core Viewpoint - Fudan Microelectronics announced a collaboration with Fudan University to develop ultra-large-scale FPGA layout and routing technology, with a contract amount of 3.5 million RMB [2] Group 1: Contract Details - The contract will be effective from July 28, 2025, and will end on December 31, 2026 [2] - The intellectual property developed from this research will belong to the company [2] Group 2: Rationale for Collaboration - Fudan University has a national key laboratory for integrated chips and systems, advanced equipment, and a team of experts in microelectronics research and development [2] - The collaboration aims to enhance the company's operational capabilities through industry-academia cooperation [2] Group 3: Impact on Company Independence - The company maintains a stable relationship with Fudan University, and this related party transaction will not adversely affect its independence [2] - The company's main business will not become dependent on this type of transaction with related parties [2]