11月18日，兆易创新盘中下跌2.01%，截至09:43，报203.33元/股，成交10.71亿元，换手率0.78%，总市 值1356.78亿元。 兆易创新所属申万行业为：电子-半导体-数字芯片设计。所属概念板块包括：出海概念、存储概念、指 纹识别、物联网、MSCI中国等。 截至9月30日，兆易创新股东户数15.75万，较上期增加14.31%；人均流通股4231股，较上期减少 12.18%。2025年1月-9月，兆易创新实现营业收入68.32亿元，同比增长20.92%；归母净利润10.83亿元， 同比增长30.18%。 资金流向方面，主力资金净流出1.37亿元，特大单买入1.51亿元，占比14.06%，卖出2.41亿元，占比 22.53%；大单买入2.73亿元，占比25.48%，卖出3.19亿元，占比29.81%。 兆易创新今年以来股价涨90.99%，近5个交易日跌6.30%，近20日跌7.16%，近60日涨61.76%。 今年以来兆易创新已经3次登上龙虎榜，最近一次登上龙虎榜为11月14日，当日龙虎榜净买入-10.95亿 元；买入总计9.82亿元 ，占总成交额比8.52%；卖出总计20.77亿元 ，占总成交 ...

11月18日，航宇微盘中下跌2.03%，截至09:43，报14.00元/股，成交5376.97万元，换手率0.59%，总市 值97.56亿元。 航宇微今年以来股价涨6.95%，近5个交易日跌2.17%，近20日涨9.20%，近60日跌2.10%。 资料显示，珠海航宇微科技股份有限公司位于广东省珠海市唐家东岸白沙路1号欧比特科技园，成立日 期2000年3月20日，上市日期2010年2月11日，公司主营业务涉及从事宇航电子、卫星及卫星大数据(含 卫星大数据、地理信息和智能测绘)、人工智能(含人工智能芯片、人工智能算法、智慧交通及安防、大 数据运维)业务板块的经营管理工作。主营业务收入构成为：SIP芯片37.48%，智能安防及智能交通 26.74%，卫星数据及产品应用13.74%，地理信息及智能测绘11.70%，AI芯片及算法6.86%，SOC芯片 2.36%，EMBC0.68%，其他业务收入0.42%。 航宇微所属申万行业为：电子-半导体-数字芯片设计。所属概念板块包括：小盘、国资改革、QFII持 股、融资融券、地理信息等。 截至9月30日，航宇微股东户数7.74万，较上期增加1.03%；人均流通股8410股，较 ...

Group 1 - Company Shikong Technology plans to reduce its holdings by no more than 0.29% of its shares, equivalent to 29,070 shares, starting from December 8, 2025 [1] - Company Rongbai Technology has been designated as the first supplier of sodium-ion battery cathode materials for CATL, with a commitment to purchase at least 60% of its total procurement volume annually [1] - Company Xinnong plans to reduce its holdings by no more than 300,000 shares, representing 0.19% of its total shares, within three months from 15 trading days after the announcement [1][2] Group 2 - Company Zhenai Meijia's controlling shareholder has signed an agreement for share transfer, with no asset restructuring plans for the next 12 months [1] - Company Guochuang High-tech plans to reduce its holdings by no more than 1% of its shares, equivalent to 9,163,300 shares, starting from December 9, 2025 [1] - Company Jiuyang clarifies that it does not engage in food and beverage businesses, focusing solely on small household appliances [6][7] Group 3 - Company Furui's subsidiary has reported a net loss of approximately 30.32 million yuan in the first three quarters, with no expansion plans due to uncertainties in the lithium battery industry [8] - Company Annada has elected Li Chongjun as the chairman of its board [10] - Company Maihe's chairman is under investigation and has been placed under detention [12] Group 4 - Company Luoping Zinc Electric's subsidiary has resumed production at its Jinpo lead-zinc mine after obtaining new mining licenses [13] - Company Hengxing Technology has obtained mining rights for its Longtoushan gold mine [14] - Company Qianli Technology plans to reduce its holdings by no more than 2% of its shares, equivalent to 90,422,000 shares, starting from December 8, 2025 [15] Group 5 - Company Fudan Microelectronics' largest shareholder will change to Guosheng Investment after a share transfer agreement [16] - Company Zhongsheng Pharmaceutical is advancing several clinical trials for innovative drug projects, which carry uncertainties regarding approval and market competition [18] - Company Gaoling Information's shareholders plan to collectively reduce their holdings by no more than 1.49% of the shares [20] Group 6 - Company Chuangye Huikang is in the process of planning a change of control, with uncertainties regarding the implementation of related agreements [21] - Company GAC Group has appointed He Xianqing as the new general manager, succeeding Feng Xingya [22] - Company Heshun Petroleum plans to acquire at least 34% of Kuixin Technology and control 51% of its voting rights [23][24] Group 7 - Company Yifeng Pharmacy's executives plan to reduce their holdings by a total of no more than 213,900 shares due to personal financial needs [26][27]

Core Viewpoint - The stock of Cambricon Technologies Co., Ltd. has experienced significant fluctuations, with a year-to-date increase of 97.26% but a recent decline of 6.72% over the past five trading days, indicating volatility in investor sentiment and market conditions [1]. Group 1: Company Overview - Cambricon Technologies, established on March 15, 2016, and listed on July 20, 2020, specializes in the research, design, and sales of artificial intelligence core chips for various cloud servers, edge computing devices, and terminal equipment [2]. - The company's revenue composition is heavily weighted towards cloud products, accounting for 99.62% of total revenue, with minimal contributions from other segments [2]. - As of September 30, 2025, the company reported a staggering year-on-year revenue growth of 2386.38%, reaching 4.607 billion yuan, and a net profit increase of 321.49%, totaling 1.605 billion yuan [2]. Group 2: Market Performance - As of November 17, 2023, Cambricon's stock price was 1297.99 yuan per share, with a market capitalization of 547.343 billion yuan [1]. - The stock has seen a trading volume of 3.726 billion yuan on the same day, with a turnover rate of 0.67% [1]. - The stock has appeared on the "龙虎榜" (a list of stocks with significant trading activity) four times this year, with the most recent instance on August 22, 2023, where it recorded a net buy of -678 million yuan [1]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Cambricon increased by 52.13% to 62,000, while the average number of circulating shares per person decreased by 34.13% to 6,748 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 12.0035 million shares, a decrease of 3.7005 million shares from the previous period [3].

资金流向方面，主力资金净流出910.45万元，特大单买入344.16万元，占比1.88%，卖出613.20万元，占 比3.35%；大单买入3465.35万元，占比18.92%，卖出4106.76万元，占比22.42%。 航宇微今年以来股价涨10.77%，近5个交易日涨1.12%，近20日涨13.90%，近60日涨3.50%。 资料显示，珠海航宇微科技股份有限公司位于广东省珠海市唐家东岸白沙路1号欧比特科技园，成立日 期2000年3月20日，上市日期2010年2月11日，公司主营业务涉及从事宇航电子、卫星及卫星大数据(含 卫星大数据、地理信息和智能测绘)、人工智能(含人工智能芯片、人工智能算法、智慧交通及安防、大 数据运维)业务板块的经营管理工作。主营业务收入构成为：SIP芯片37.48%，智能安防及智能交通 26.74%，卫星数据及产品应用13.74%，地理信息及智能测绘11.70%，AI芯片及算法6.86%，SOC芯片 2.36%，EMBC0.68%，其他业务收入0.42%。 航宇微所属申万行业为：电子-半导体-数字芯片设计。所属概念板块包括：融资融券、QFII持股、地理 信息、国资改革、存储概念等。 11 ...

11月14日，思特威盘中下跌2.05%，截至09:35，报95.10元/股，成交4278.71万元，换手率0.14%，总市 值382.15亿元。 资金流向方面，主力资金净流出854.07万元，特大单买入142.87万元，占比3.34%，卖出200.69万元，占 比4.69%；大单买入879.47万元，占比20.55%，卖出1675.71万元，占比39.16%。 思特威今年以来股价涨22.60%，近5个交易日跌5.80%，近20日跌6.28%，近60日涨0.28%。 资料显示，思特威(上海)电子科技股份有限公司位于上海市闵行区田林路889号科技绿洲四期8号楼，成 立日期2017年4月13日，上市日期2022年5月20日，公司主营业务涉及高性能CMOS图像传感器芯片的研 发、设计和销售。主营业务收入构成为：芯片销售100.00%。 思特威所属申万行业为：电子-半导体-数字芯片设计。所属概念板块包括：智能交通、机器视觉、传感 器、智能穿戴、人脸识别等。 截至9月30日，思特威股东户数1.83万，较上期增加38.46%；人均流通股17619股，较上期减少27.78%。 2025年1月-9月，思特威实现营业收入63.1 ...

Core Viewpoint - The stock of Chip Origin Co., Ltd. has shown significant volatility, with a year-to-date increase of 179.04%, but a recent decline in the last five and twenty trading days, indicating potential market fluctuations and investor sentiment changes [1][2]. Financial Performance - For the period from January to September 2025, Chip Origin achieved a revenue of 2.255 billion yuan, representing a year-on-year growth of 36.64%. However, the net profit attributable to shareholders was a loss of 347 million yuan, which is an increase of 12.42% compared to the previous year [2]. Stock Market Activity - As of November 13, the stock price of Chip Origin was 146.30 yuan per share, with a trading volume of 684 million yuan and a market capitalization of 76.933 billion yuan. The stock has experienced a net outflow of 31.3994 million yuan in principal funds, with significant buying and selling activity from large orders [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Chip Origin increased to 49,400, a rise of 94.49%. The average circulating shares per person decreased by 48.39% to 10,144 shares [2][3]. Business Overview - Chip Origin specializes in semiconductor IP and provides comprehensive chip customization services. The revenue composition includes 41.85% from chip volume business, 28.81% from IP licensing fees, 23.83% from chip design services, and 5.21% from royalties [2].

Core Insights - Fudan Microelectronics shares increased by 2.01% on November 13, reaching 57.40 CNY per share, with a total market capitalization of 47.15 billion CNY [1] Company Overview - Fudan Microelectronics Group Co., Ltd. was established on July 10, 1998, and went public on August 4, 2021. The company is primarily engaged in integrated circuit (IC) related businesses [2] - The company operates through two main segments: design, development, and sales of integrated circuits, and providing integrated circuit testing services. It also engages in manufacturing probe cards and offers various technology consulting services [2] - The revenue composition includes: FPGA and other products (37.04%), non-volatile memory (23.92%), security and identification chips (21.35%), smart meter chips (13.46%), integrated circuit testing services (4.15%), and rental income (0.09%) [2] Financial Performance - As of September 30, the number of shareholders increased by 26.42% to 27,500, while the average number of tradable shares per person decreased by 20.91% to 19,562 shares [3] - For the period from January to September 2025, the company reported revenue of 3.024 billion CNY, a year-on-year increase of 12.70%, while net profit attributable to shareholders decreased by 22.69% to 330 million CNY [3] Dividend and Shareholding - Since its A-share listing, Fudan Microelectronics has distributed a total of 311 million CNY in dividends, with 258 million CNY distributed over the past three years [4] - As of September 30, 2025, notable institutional shareholders include: - Harvest CSI Star Market Chip ETF (588200) as the fifth largest shareholder, holding 7.3177 million shares, a decrease of 336,900 shares from the previous period - Hong Kong Central Clearing Limited as the eighth largest shareholder, holding 6.8043 million shares, an increase of 1.0204 million shares - Southern Military Reform Flexible Allocation Mixed A (004224) as the ninth largest shareholder, holding 6.4227 million shares, an increase of 767,800 shares - Southern CSI 500 ETF (510500) as the tenth largest shareholder, holding 4.7347 million shares, a new entry [4]

Core Insights - The stock price of Jucheng Co., Ltd. increased by 2.12% on November 12, reaching 149.98 CNY per share, with a total market capitalization of 23.737 billion CNY [1] - The company has seen a year-to-date stock price increase of 157.61%, but has experienced a slight decline of 2.62% over the past five trading days [1] - Jucheng Co. reported a revenue of 933 million CNY for the first nine months of 2025, reflecting a year-on-year growth of 21.29%, and a net profit of 320 million CNY, up 51.33% year-on-year [2] Financial Performance - As of September 30, 2025, Jucheng Co. had 17,600 shareholders, an increase of 48.55% from the previous period, while the average number of circulating shares per person decreased by 32.62% to 8,981 shares [2] - The company has distributed a total of 299 million CNY in dividends since its A-share listing, with 186 million CNY distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 6.6823 million shares, an increase of 734,400 shares from the previous period [3] - New institutional shareholders include Xingquan Helun Mixed A and Southern Information Innovation Mixed A, which are now among the top ten circulating shareholders [3] Business Overview - Jucheng Co. specializes in the research, design, and sales of integrated circuit products, providing application solutions and technical support services, with 100% of its revenue derived from chip sales [1] - The company is classified under the semiconductor industry, specifically in digital chip design, and is associated with concepts such as storage, buybacks, margin financing, IoT, and Tesla [1]

Core Points - Longxin Zhongke's stock price decreased by 2.00% on November 12, trading at 130.33 CNY per share with a market capitalization of 52.262 billion CNY [1] - The company experienced a net outflow of 23.383 million CNY in principal funds, with significant selling pressure observed [1] - Year-to-date, the stock has declined by 1.47%, with a notable drop of 11.04% over the past 20 trading days [1] Company Overview - Longxin Zhongke Technology Co., Ltd. was established on March 5, 2008, and went public on June 24, 2022 [1] - The company specializes in the research, sales, and services of processors and supporting chips, with revenue composition as follows: 47.09% from information technology chips, 35.82% from industrial control chips, and 17.09% from solutions [1] - The company is classified under the electronic-semiconductor-digital chip design industry and is associated with concepts such as DeepSeek, Xinchuang, robotics, operating systems, and semiconductors [1] Financial Performance - As of September 30, 2025, Longxin Zhongke reported a revenue of 351 million CNY, reflecting a year-on-year growth of 13.94%, while the net profit attributable to shareholders was -394 million CNY, a decrease of 14.89% year-on-year [2] - The number of shareholders increased by 25.97% to 28,200, while the average circulating shares per person decreased by 20.62% [2] - Notably, Hong Kong Central Clearing Limited entered the top ten circulating shareholders with a holding of 6.2578 million shares [2]