Core Points - Zhenlei Technology's stock price increased by 5.1% on December 2, reaching 69.63 CNY per share, with a trading volume of 614 million CNY and a turnover rate of 4.27%, resulting in a total market capitalization of 14.904 billion CNY [1] - The stock has seen a cumulative increase of 4.71% over the past three days [1] Company Overview - Zhenlei Technology, established on September 11, 2015, is located in Hangzhou, Zhejiang Province, and was listed on January 27, 2022 [1] - The company's main business involves the research, production, and sales of integrated circuit chips and microsystems [1] - Revenue composition includes: Power management chips (50.10%), RF transceiver and high-speed high-precision ADC/DAC chips (39.47%), technical services (5.97%), microsystems and modules (2.49%), terminal RF front-end chips (1.93%), and others (0.04%) [1] Fund Holdings - Xinyuan Fund has a significant holding in Zhenlei Technology, with its Xinyuan CSI 1000 Index Enhanced Fund A (017190) being the largest shareholder, holding 75,800 shares, which accounts for 1.8% of the fund's net value [2] - The fund has realized a floating profit of approximately 256,100 CNY today, with a floating profit of 225,800 CNY during the three-day increase [2] Fund Performance - The Xinyuan CSI 1000 Index Enhanced Fund A (017190) was established on November 28, 2022, with a current scale of 128 million CNY [2] - Year-to-date return is 23.37%, ranking 2214 out of 4206 in its category; the one-year return is 20.52%, ranking 2274 out of 4012; and since inception, the return is 31.29% [2]

Economic Growth Outlook - The GDP growth target for China in 2026 is expected to remain around 5%[4] - The contribution of final consumption expenditure to GDP growth is projected to be 53.5% in 2025, up from 44.5% in 2024[26] - The anticipated growth rate of social retail sales is around 4% in 2026, with final consumption expenditure growth expected to exceed 5%[51] Export Performance - China's export share is projected to continue its upward trend, with an expected growth rate of 4-5% in 2026[21] - As of July 2025, China's export share reached 15.1%, up from 14.9% in 2024, indicating strong global competitiveness[14] Investment Stability - Real estate investment is expected to stabilize, with a projected decline of around 10.2% in 2026, a significant improvement from previous years[55] - Infrastructure investment growth is anticipated to rebound significantly in 2026, supported by new policy tools and long-term special bonds[74] Inflation and Price Trends - CPI is expected to rise to around 0.6% in 2026, driven by food prices, while PPI is projected to recover from a decline of -2.8% in 2025[95][116] - The core CPI is expected to maintain a higher level of around 0.8-1% in 2026, reflecting improved consumer confidence and spending[110] Fiscal Policy Outlook - The narrow deficit ratio is projected to increase to 4-4.3% in 2026, with a special bond issuance of approximately 1.5 trillion yuan[127] - New local special bonds are expected to be in the range of 5-5.5 trillion yuan, marking an increase from 2025[128]

盘前要闻 2、深夜白银迭创新高！年内涨幅已经突破100%，黄金也突破近6周高点 类型：市场 情绪影响：正面 1、DeepSeek发布V3.2系列模型，强化Agent能力，推理能力追平GPT-5 类型：行业 情绪影响：正面 DeepSeek发布V3.2系列两款模型并开源。V3.2主打日常应用，推理能力达GPT-5水平，首次实现思考模 式与工具调用融合。V3.2-Speciale专注极致推理，在IMO、CMO、ICPC、IOI四项国际竞赛中斩获金 牌。 现货白银再度突破历史新高至58.8美元/盎司，今年涨幅已翻倍，背后推手包括供应紧张、投机逼空与 宏观事件驱动等，这一轮白银涨势已经显现投机逼空的态势。与此同时，现货黄金最高摸到每盎司4264 美元，也是10月中旬创历史高位之后的六周新高。 3、11月新势力销量出炉！零跑7万辆夺冠，小米超4万辆，蔚来大增76.3% 类型：行业 情绪影响：正面 多家新能源汽车品牌公布了11月的最新成绩单。零跑汽车当月交付量达到70327辆，同比增长超75%； 紧随其后的小米汽车，11月交付量再超4万辆；小鹏汽车交付新车36728辆，同比增长19%；蔚来公司在 11月交付新车36275 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次权益变动为无锡力芯微电子股份有限公司（以下简称"公司"）控股股东无锡亿晶投资有限公司 （以下简称"亿晶投资"）履行此前披露的股份减持计划所致，不涉及要约收购，不会导致公司控股股东 发生变化。 ● 本次权益变动后，亿晶投资持有公司股份从53,833,999股减少至 53,477,000 股，占公司总股本的比例 由40.27%减少至40.00%，股东权益变动触及5%的整数倍。截至本公告披露日，减持计划尚未实施完 毕。 2025 年12月1日，公司收到控股股东亿晶投资出具的《关于权益变动触及5%整数倍的告知函》和《简 式权益变动报告书》，现将其本次权益变动情况公告如下： 一、本次权益变动基本情况 （一）信息披露义务人基本情况 ■ （二）本次权益变动情况 ■ 二、本次权益变动前后，信息披露义务人拥有上市公司权益的情况 ■ 注：1、信息披露义务人所持公司股份均为无限售条件流通股，本次权益变动所涉及股份均 ...

证券代码：688262 证券简称：国芯科技公告编号：2025-077 苏州国芯科技股份有限公司 股东减持计划时间届满暨减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 上述减持主体无一致行动人。 本次减持计划实施前，苏州国芯科技股份有限公司（以下简称"公司"）股东持股情况如下： 国家集成电路产业投资基金股份有限公司（以下简称"产业基金"）持有公司13,004,645股股份，占公司 总股本比例为3.87%，产业基金不存在一致行动人关系。 上述股份来源为公司首次公开发行股票并上市前取得的股份，及公司实施资本公积转增股本相应增加的 股份，首发前股份已于2023年1月6日起上市流通，资本公积转增相应增加的股份已于2023年6月29日上 市流通。 ● 减持计划的实施结果情况 2025年9月4日至2025年11月28日，产业基金累计减持股份数量为5,039,997股，占公司总股本的比例为 1.50%，减持完成后持有公司股份数量为7,964,648股，占公司总股本的比例为2.37%。本次减持计划 ...

Core Viewpoint - The controlling shareholder of Gaole Co., Ltd. will change to Beijing Liman Yuntu Technology Co., Ltd., with Wang Fan as the actual controller. The company's stock will resume trading on December 2, 2025 [1]. Shareholder Changes - On November 30, Liman Yuntu signed a share transfer agreement with Huadong Group, acquiring 94.72 million shares, representing 10% of the total share capital of Gaole Co., Ltd. [3] - After the transfer and voting rights delegation agreements, Liman Yuntu will hold 94.72 million shares directly, accounting for 10% of the total share capital, and will have voting rights for 206 million shares, which is 21.74% of the total share capital [3]. Company Profile of Liman Yuntu - Liman Yuntu was established on March 24, 2025, with a registered capital of RMB 100 million. Its business scope includes AI software development, integrated circuit sales, and cloud computing equipment sales, but it has not yet commenced actual operations [4]. Wang Fan's Background - Wang Fan, born in November 1991, has been involved in the internet and AI sectors since 2022. He has held various positions in multiple companies, including serving as the director and manager of Liman Yuntu [5]. Financial Performance of Gaole Co., Ltd. - Since Huadong Group took control in November 2022, it aimed to stabilize Gaole's toy business and invest RMB 2 billion in a 2GWh solid-state battery project. However, this project has not yet been put into production, and the company has reported continuous losses since 2019 [7]. - In the first three quarters of this year, Gaole Co., Ltd. achieved a revenue of RMB 226 million, a year-on-year increase of 10.06%, but reported a net loss of RMB 11.67 million [7]. Future Outlook - With the transition from Huadong Group, the future direction of Gaole Co., Ltd. is under scrutiny, particularly regarding the solid-state battery project and the potential impact of a young team with an AI background on the traditional manufacturing company [8].

Core Viewpoint - The export performance of the Beijing-Tianjin-Hebei region shows a positive trend, with significant growth in various sectors and a notable increase in trade with Belt and Road countries [1] Export Performance - In the first three quarters, the Beijing-Tianjin-Hebei region's exports reached 1.07 trillion yuan, marking a year-on-year increase of 5.2% [1] - From April to September, the region experienced six consecutive months of both year-on-year and month-on-month export growth [1] - In September, exports amounted to 134.23 billion yuan, representing a year-on-year growth of 13% and a month-on-month increase of 5.4%, with the monthly export scale surpassing 130 billion yuan for the first time [1] Product Categories - In the first three quarters, the export of electromechanical products totaled 608.4 billion yuan, up 7.1%, accounting for 56.7% of the region's total export value [1] - Specific product exports included auto parts at 45.31 billion yuan (up 14.2%), integrated circuits at 32.63 billion yuan (up 4%), and ships at 29.05 billion yuan (up 170.1%) [1] - Textile and apparel exports reached 40.97 billion yuan (up 2.6%), while medicinal materials and pharmaceuticals totaled 26.62 billion yuan (up 29%) [1] Trade Partners - The region's exports to Belt and Road countries amounted to 621.56 billion yuan, increasing by 7.5% and representing 57.9% of the total export value [1] - Exports to ASEAN, the Middle East, Latin America, and Africa were 180.24 billion yuan (up 3.9%), 103.53 billion yuan (up 10.4%), 98.84 billion yuan (up 15.2%), and 84.22 billion yuan (up 31%), respectively [1]

证券日报网讯 12月1日晚间，国芯科技发布公告称，本次减持计划实施前，苏州国芯科技股份有限公司 （以下简称"公司"）股东持股情况如下：国家集成电路产业投资基金股份有限公司（以下简称"产业基 金"）持有公司13，004，645股股份，占公司总股本比例为3.87%，产业基金不存在一致行动人关系。 2025年9月4日至2025年11月28日，产业基金累计减持股份数量为5，039，997股，占公司总股本的比例 为1.50%，减持完成后持有公司股份数量为7，964，648股，占公司总股本的比例为2.37%。本次减持计 划减持时间届满，本次减持计划实施完毕。公司于2025年12月1日收到产业基金发来的《关于减持结果 的告知函》，截至2025年12月1日，产业基金累计减持股份数量为5，039，997股，占公司总股本的比例 为1.50%。本次减持计划减持时间届满，本次减持计划实施完毕。 （文章来源：证券日报） ...

转自：新华财经 新华财经北京12月1日电 新华财经1日从交易商协会获悉，近期，基石资本、同创伟业、盛景嘉成、道 禾长期四家知名民营股权投资机构相继完成发行"科技板"之下的科技创新债券，成为又一批借助该工具 成功融资的市场化机构，标志着金融支持科技创新的体系构建取得实质性进展。 自今年5月银行间债券市场"科技板"上线以来，这一创新金融产品迅速引发市场热烈反响。通过灵活的 结构设计与多层次的风险分担机制，科创债有效连接了资本市场与科技创新领域，为各类主体提供了精 准、高效的直接融资渠道。 本批案例中，成立于2001年的基石资本累计管理规模达850亿元，长期聚焦硬科技、先进制造及医疗健 康赛道，曾投资迈瑞医疗、埃夫特等领军企业。本期债券发行期限为1+3+2年，票面利率2.10%，由浦 发银行牵头主承。项目通过风险分担工具提供全额担保，募集资金将专项用于科创类创投基金出资，直 达早期科技企业。 盛景嘉成作为连接顶尖科研资源与资本市场的重要平台，同样跻身本次发行机构之列。本期3年期债券 票面利率2.43%，亦由国信证券牵头。所募资金将用于联合社会资本及地方政府引导基金共同设立科创 基金，旨在构建长期资本与科技企业之间的 ...

Core Insights - The article emphasizes the importance of tackling key core technologies as a strategic priority for China's high-quality development, particularly highlighted in the "14th Five-Year Plan" [1][4][10] - The focus will be on six critical areas: integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing, which are deemed essential for overcoming technological bottlenecks and seizing new opportunities [6][8][14] Group 1: Strategic Framework - The "14th Five-Year Plan" proposes a new approach to technology development, emphasizing a comprehensive and targeted strategy rather than a broad, unfocused one [4][6] - The plan aims to establish a "new type of national system" that coordinates resources across government and market sectors to enhance innovation capabilities [16][18] - The strategy includes "extraordinary measures" to break existing barriers and accelerate reforms necessary for technological breakthroughs [18][20] Group 2: Implementation Tactics - The focus on "full-chain promotion" ensures that every aspect of the technology development process, from research to industrialization, is integrated and efficient [20] - The article highlights the need for a robust support system that combines funding, talent, and industry collaboration to facilitate rapid advancements in technology [12][14] - The commitment to investing in foundational research and creating a conducive environment for innovation is underscored, with projected R&D spending exceeding 3.6 trillion yuan by 2024, a 48% increase from 2020 [14] Group 3: Future Vision - The envisioned future includes advanced materials and technologies that enhance everyday life, such as smart buildings and sustainable food production methods [22] - The successful execution of the outlined strategies is expected to lead to significant advancements in various sectors, ultimately transforming the technological landscape of China [10][22]