南财智讯12月11日电，立昂微公告，公司股票于2025年12月9日、12月10日、12月11日连续3个交易日内 收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。经公司自查，目前生产经营正常，近 期经营情况及内外部环境未发生重大变化，主营业务未发生变化。公司未发现可能对公司股价产生重大 影响的媒体报道或市场传闻，除已披露信息外，不存在其他应披露而未披露的重大信息。公司董事、监 事、高级管理人员、控股股东及其一致行动人在本次股票交易异常波动期间不存在买卖公司股票的情 况。董事会确认，不存在应披露而未披露的事项，前期披露的信息无需要更正或补充之处。2025年前三 季度归属于上市公司股东的净利润为-10,796.05万元，扣除非经常性损益后的净利润为-14,105.80万元， 存在业绩亏损风险。2025年12月11日公司股票以涨停价收盘，当日换手率为11.72%，换手率较高，提 醒投资者注意交易风险。 ...

立昂微公告称，公司股票于2025年12月9 - 11日连续3个交易日内收盘价格涨幅偏离值累计超20%，属异 常波动。经自查，公司生产经营、内外部环境、主营业务均未变化，无重大未披露信息，董监高及控股 股东在此期间无买卖公司股票情况。2025年前三季度归母净利润为 - 10796.05万元，扣非净利润 - 14105.80万元，12月11日股票以涨停价收盘，换手率11.72%，公司提示业绩亏损与交易风险。 ...

在新能源汽车领域，800V 高压平台已成为电驱系统发展的主流方向，相较于传统 400V 平台，其充电 速度显著提升，可将充电时间压缩至 15 分钟以内，同时有效缓解用户 "里程焦虑"。数据显示，搭载碳 化硅逆变器的车型，CLTC 续航里程可提升 6.3%-6.9%，且在相同电压和功率条件下，碳化硅逆变器的 导通损耗和开关损耗远低于硅基器件。随着华为、比亚迪、特斯拉等企业纷纷布局兆瓦快充，高压直流 充电桩的配套需求同步增长，成为碳化硅需求提升的重要催化剂。 在光伏与储能领域，碳化硅器件同样发挥关键作用。在光伏发电环节，其应用于光伏逆变器，实现不稳 定直流电到标准交流电的高效转换；在储能系统中，通过储能变流器(PCS)完成交直流双向转换，凭借 高频特性与耐高压能力提升能源转换效率，成为光储一体化发展的高效能引擎。 AI + 通信 + AR 开辟新蓝海 技术升级打开增长空间 作为第三代宽禁带半导体核心材料，碳化硅(SiC)凭借禁带宽度大、击穿电场高、热导率优、电子饱和 漂移速度快等突出物理性能，正全面渗透新能源、AI、通信、AR 四大高增长领域，成为推动全球技术 升级与效率革命的关键支撑。随着多领域应用需求的爆发式 ...

Core Viewpoint - The completion report for the IPO guidance of Jiangsu Xinhua Semiconductor Technology Co., Ltd. has been submitted, marking a significant step in the domestic semiconductor core material localization process [1] Group 1: IPO Guidance and Compliance - The guidance agreement between China Merchants Securities and Xinhua Semiconductor was signed on August 23, 2024, with formal guidance starting on October 9, 2024, covering five phases [3] - Xinhua Semiconductor has established a governance structure, accounting practices, and internal control systems necessary for a public company, demonstrating a comprehensive understanding of the capital market [3] - The company and its key stakeholders have fully grasped the legal responsibilities and obligations related to public offerings, establishing a strong compliance foundation for future IPO applications [3] Group 2: Company Overview and Market Position - Xinhua Semiconductor is a leading producer of electronic-grade polysilicon in China and the first to achieve large-scale production, breaking the long-standing foreign monopoly in this field [3] - The company's core product, electronic-grade polysilicon, is essential for integrated circuit chip manufacturing, requiring extremely high purity and facing significant technological barriers [3] - Xinhua Semiconductor has completed over 600 core technology and equipment innovations, holding fully independent intellectual property rights for its production processes, and has a market share exceeding 55% in the high-purity electronic-grade polysilicon market [4] Group 3: Funding and Financial Support - The company faced challenges in its capital journey, having previously filed for IPO guidance in April 2022, which was later suspended [4] - In June 2023, Xinhua Semiconductor successfully completed a B-round financing of 1 billion RMB, attracting several well-known industry and financial investors, providing strong financial backing for the IPO restart [4] Group 4: Shareholding Structure - Xinhua Semiconductor has a diversified shareholding structure without a controlling shareholder, with Jiangsu Zhongneng Silicon Industry Development Co., Ltd. as the largest shareholder, holding 24.5653% [5] - The second-largest shareholder is the National Integrated Circuit Industry Investment Fund, holding 20.6327%, alongside other significant shareholders, ensuring a balanced and stable governance structure [5]

Core Viewpoint - Chengdu Super Pure Application Materials Co., Ltd. is taking a significant step towards going public, which is expected to strengthen the domestic semiconductor materials sector [1] Group 1: Company Overview - Chengdu Super Pure was established in 2005 and is located in Chengdu, China, with over 10,000 square meters of R&D and manufacturing space [2] - The company specializes in semiconductor etching devices, high-power laser devices, and special ceramics, and holds independent intellectual property rights [2] - Chengdu Super Pure has developed various advanced processes, including surface treatment and purification processes, achieving material purity above 5N [2] Group 2: Financing and Investment - Before going public, Chengdu Super Pure completed four rounds of financing, demonstrating strong capital attraction [2] - In 2022, the company secured angel round financing with early investors including Novartis Capital, Zhenghai Capital, and Guotou Venture [2] - In 2024, the financing process accelerated, completing A, B, and B+ rounds with notable participants such as BYD, highlighting industry capital's recognition of its technological strength and market prospects [2] Group 3: Corporate Governance - The company's ownership structure is relatively concentrated and stable, with the actual controller, Chai Jie, holding 49.11% of the voting rights [3] - Chai Jie's brother, Chai Lin, directly holds 20.99% of the shares, and together they control approximately 70% of the company, which supports strategic consistency and decision-making efficiency during rapid development [3] Group 4: Regulatory Compliance - Huatai United Securities has completed the guidance report for Chengdu Super Pure's IPO, indicating that the company has established a governance structure, accounting foundation, and internal control system compliant with public company requirements [1] - Key personnel have a comprehensive understanding of the legal regulations related to public offerings, ensuring a solid compliance foundation for future capital market activities [1]

沪硅产业12月10日大宗交易平台出现一笔成交，成交量500.00万股，成交金额1.08亿元，大宗交易成交 价为21.50元，相对今日收盘价折价1.78%。该笔交易的买方营业部为机构专用，卖方营业部为万和证券 股份有限公司上海分公司。 进一步统计，近3个月内该股累计发生10笔大宗交易，合计成交金额为4.57亿元。 证券时报·数据宝统计显示，沪硅产业今日收盘价为21.89元，上涨1.81%，日换手率为1.45%，成交额为 8.61亿元，全天主力资金净流出1420.09万元，近5日该股累计上涨0.60%，近5日资金合计净流出9216.23 万元。 两融数据显示，该股最新融资余额为14.66亿元，近5日增加7082.80万元，增幅为5.08%。（数据宝） 12月10日沪硅产业大宗交易一览 | 成交量（万 | 成交金额（万 | 成交价格 | 相对当日收盘折溢价 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | 股） | 元） | （元） | （%） | 业部 | | | 500.00 | 10750.00 | 21.50 | -1.78 | 机构专 | 万和 ...

Core Viewpoint - The company, focusing on the research, production, and sales of display materials and semiconductor materials, emphasizes its commitment to innovation and domestic production capabilities in the liquid crystal display materials sector [1] Group 1: Liquid Crystal Display Materials - The company is dedicated to achieving the localization of liquid crystal materials and continues to supply core industry clients while overcoming key challenges in material localization [1] - The company has made significant progress in the semiconductor materials sector, particularly in developing a full range of KrF photoresist resin production capabilities, showcasing its self-controlled core technology advantages [1] Group 2: Semiconductor Materials - The company's developed KrF photoresist PHS resin has excellent performance indicators, achieving international advanced levels in key metrics such as metal ion impurity control and solvent residue control, with stable supply capabilities at the hundred-kilogram level [1] - The company has completed the construction of production lines with a hundred-ton capacity reserve [1] - Progress has also been made in PSPI photoresists for display panels, with successful process optimization and product stability verification for fluorine-containing photoresists, and small-scale trials for non-fluorine PSPI photoresists are underway [1] Group 3: Future Developments - The company plans to initiate research and production of ArF and EUV resins based on market conditions and strategic arrangements [1] - The company will continue to deepen its focus on new material sectors, increasing R&D investment and enhancing innovation capabilities to support industry development [1]

（文章来源：每日经济新闻） 每经AI快讯，12月10日，半导体材料板块短线拉升，凯德石英涨超10%，立昂微、西安奕材、恒坤新 材、有研新材、沪硅产业等跟涨。 ...

天眼查App显示，近日，海普瑞（上海）半导体材料有限公司成立，法定代表人为张杰，注册资本100 万人民币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广； 货物进出口；技术进出口；进出口代理。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）自主展示（特色）项目：电子测量仪器销售；半导体器件专用设备销售；智能仪器仪表销售；橡胶 制品销售；五金产品批发；五金产品研发；塑料制品销售；国内货物运输代理；电子专用设备销售；工 程和技术研究和试验发展；电子元器件批发；租赁服务（不含许可类租赁服务）；信息技术咨询服务； 金属结构销售；机械电气设备销售；计量技术服务；机械设备研发；汽车零部件研发；电子、机械设备 维护（不含特种设备）；专业设计服务；工业设计服务；工业工程设计服务；工业自动控制系统装置销 售；泵及真空设备销售；密封件销售；新材料技术研发；电子专用材料研发；金属制品研发。 ...

Core Viewpoint - The core positioning of finance should shift from being a provider of funds to becoming a co-creator of value and an ecosystem builder, deeply participating in the incubation and integration of the industrial innovation chain [1][3][4]. Group 1: New Quality Productivity - New quality productivity is driven by revolutionary technological breakthroughs, innovative allocation of production factors, and deep industrial transformation, enhancing total factor productivity through qualitative changes in labor, materials, and objects [2]. - The cultivation and growth of new quality productivity require a financial system to provide systematic support, with precise matching and efficient allocation of financial resources at every stage [2]. Group 2: Financial Ecosystem Transformation - Traditional financial models focus on collateral assessment and financial metrics, driven by risk aversion, while finance that empowers new quality productivity must integrate deeply into the innovation chain, making forward-looking value judgments based on technological evolution and industrial transformation trends [3][4]. - The financial ecosystem should be built around scenario-based financial product design and an open financial platform that integrates research institutions, industry chains, and venture capital, facilitating the efficient circulation of innovative elements [3][4]. Group 3: Structural Challenges in Financing - There is a structural mismatch between traditional financial practices and the characteristics of technology companies, which often have high R&D costs, low fixed assets, and lack of collateral, making it difficult for traditional credit assessment systems to accurately measure their true value and growth potential [4][5]. - A case study of an AI chip design startup illustrates this issue, where the company was denied a loan due to insufficient collateral despite having significant intellectual property and revenue, highlighting the need for innovative financing solutions [5]. Group 4: Comparison of US and Chinese Market Structures - The comparison of the top ten listed companies in the US and China reflects differences in economic structure, industrial policy, and innovation ecosystems, with the US favoring technology giants and long-term capital support, while China remains focused on traditional economic pillars [7]. - The US capital market has a higher tolerance for long-term, high-risk investments, encouraging disruptive innovation, whereas China's financial system is primarily based on indirect financing, limiting the growth of technology companies [7][8]. Group 5: Financial System Challenges and Reforms - The financial system faces challenges in adapting to structural changes in the economy, particularly in serving technological innovation and industrial upgrading, with traditional risk assessment models being rigid and regulatory frameworks lagging [9]. - Proposed reforms include optimizing credit structures, deepening interest rate marketization, and enhancing the efficiency of financial resource allocation to ensure funds are directed towards key areas like technological innovation [9]. Group 6: Government Investment Funds and Risk Management - Government investment funds should have clear functional positioning, employing a "negative list + due diligence" approach to manage investment risks while maintaining market-oriented operations [10]. - Innovative funding models, such as "mother fund + sub-fund" structures, can help balance fiscal safety and investment risks, focusing on cluster investments to mitigate the impact of individual project failures [10].