Company Overview - 3PEAK (思瑞浦微电子科技) focuses on developing high-performance, high-quality, and highly reliable integrated circuit products, including signal chain analog chips, power management analog chips, and mixed-signal analog front ends, providing comprehensive solutions for customers [1] Stock Performance - 3PEAK has experienced a decline in stock price, with a cumulative drop of -9.41% over five consecutive trading days as of June 12 [1] Fund Holdings - Two funds managed by Wan Jia Fund have entered the top ten shareholders of 3PEAK. Wan Jia Industry Preferred Mixed Fund (LOF) maintained its position in the first quarter of this year, while Wan Jia Independent Innovation Mixed A Fund has newly entered [1] Fund Performance - Wan Jia Industry Preferred Mixed Fund (LOF) has achieved a year-to-date return of 22.42%, ranking 322 out of 4431 in its category. Wan Jia Independent Innovation Mixed A Fund has a year-to-date return of 12.89%, ranking 810 out of 4431 [2] Fund Manager Profile - The fund manager for both funds is Huang Xingliang, who holds a Ph.D. from Tsinghua University and has over ten years of experience in the investment management industry [5][6]

上海市国资委联合市工商联印发《关于进一步促进我市地方国有企业与民营企业协同发展的指导意见》 (以下简称《指导意见》)。《指导意见》提出，鼓励国企与民企聚焦集成电路、生物医药等重点产业， 进一步深度合作，打通产业链、供应链堵点，加快打造一批新兴产业集群。鼓励民企发挥在光子芯片、 低空经济等未来产业领域的先发优势和技术优势，加强与国企开展业务和产品合作。鼓励国有资本前瞻 性布局一批未来产业。 ...

2024年12月，上海发布全国首个地方政府贯彻落实"并购六条"的政策文件《上海市 支持上市公司并购重组行动方案(2025—2027年)》(以下简称《上海行动方案》)，方案明 确提出力争到2027年，努力将上海打造成为产业能级显著提升、并购生态更加健全、协 作机制多元长效的上市公司并购重组先行区和示范区。 上海证监局与上海市多部门、沪深交易所协同，不断推进"并购六条"各项举措落 地，多家上市公司披露重大重组计划。据了解，已披露的13单重大资产重组中，3单为上 市公司吸收合并，2单为收购未盈利资产，2单支付方式创新采用定向可转债方式。 "并购六条"明确提出通过并购重组助力新质生产力发展，支持上市公司围绕科技创 新、产业升级布局，引导更多资源要素向新质生产力方向聚集。在上海新增的并购交易 中，新质生产力相关行业占比超七成。在新披露的重大资产重组中，集成电路、生物医 药、人工智能等上海三大先导产业领域的交易占比超过六成，8单由科创板上市公司发 起，科创企业聚焦行业及上下游进一步补链强链的意愿强烈。 丨 来源：中国新闻网 2025-06-12 中新网上海6月12日电 上海并购重组市场规模和活跃度持续攀升，并购重组服务科 ...

Group 1 - The sixth Multinational Corporation Leaders Qingdao Summit will be held from June 18 to 20 in Qingdao, focusing on "Multinational Corporations and China - Linking World Cooperation and Win-Win" [1] - The summit will feature an opening ceremony, a high-quality development forum, three thematic activities, and multiple parallel events, including closed-door meetings and forums aimed at discussing open cooperation [1][2] - A total of 471 multinational company representatives are confirmed to attend, with 342 from overseas and 129 from within China, including 102 first-time attendees, representing over 50% from emerging markets [1][2] Group 2 - The summit will introduce 14 new activities, including forums on overseas fund investment cooperation, silver economy, and low-altitude economic development [2] - Specific forums will focus on enhancing cooperation with key regions such as the EU, Middle East, and Japan, targeting industries like new energy equipment, integrated circuits, modern medicine, high-end chemicals, and electronic information [2][3] - The report "Multinational Corporations in China" will analyze global investment trends and present new opportunities for multinational companies investing in China, offering strategic recommendations [3] Group 3 - The summit aims to deepen the connection between global industrial and supply chains, promoting trade and investment cooperation between multinational companies and China [4] - Since its inception, the summit has attracted 421 Fortune 500 companies and 967 leading industry enterprises over the first five sessions [4]

Core Viewpoint - The 2025 Multinational Corporation Leaders Summit in Qingdao aims to enhance cooperation between multinational companies and China, focusing on mutual benefits and confidence in investment opportunities amid global industrial transformation and investment adjustments [3][4]. Group 1: High-Level Opening Up - The summit will promote high-level opening up by implementing national policies to stabilize foreign investment, including hosting the "Invest in China" investment exchange cooperation meeting [3]. - Activities will focus on financial sectors, including capital investment and equity merger project matchmaking, as well as forums on market access and quality improvement for multinational companies [3]. - Shandong province has released 2,142 key investment projects to attract multinational companies to seize development opportunities in a more open Chinese market [3]. Group 2: Modern Industrial System - The summit will focus on cultivating emerging industries and planning for future industries, with forums on general aviation, low-altitude economy, and "Artificial Intelligence+" for high-quality development [4]. - High-end human resources will be emphasized to empower advanced manufacturing, with dialogues planned to explore high-quality development paths [4]. - Events will be organized to deepen cooperation with key regions such as the EU, Middle East, and Japan, focusing on industries like new energy equipment, integrated circuits, modern medicine, high-end chemicals, and electronic information [4]. Group 3: Diverse Communication and Cooperation - The summit will feature policy briefings on e-commerce, large-scale equipment updates, and intellectual property to create a stable and transparent institutional environment [5]. - New fields of cooperation will be explored through events like a women entrepreneurs forum and international procurement matchmaking [5]. - The summit will provide opportunities for multinational companies to showcase their industry outlook and cooperation vision, enhancing their experience at the event [5].

Core Insights - The Sci-Tech Innovation Board (STAR Market) has become the highest proportion of index investment in A-shares, with a total of 588 listed companies and a market capitalization exceeding 6.8 trillion yuan [1][6] - The STAR Market has raised over 1 trillion yuan in total financing, with 9,232 billion yuan from IPOs and 1,831 billion yuan from refinancing [2][3] - The board focuses on six strategic emerging industries, aligning with the development needs of new productive forces [2] Financing and Investment - The STAR Market has attracted a diverse range of companies, including 54 unprofitable firms and 8 with special equity structures, demonstrating its inclusive listing conditions [2] - The total amount of financing from STAR Market companies reached over 1 trillion yuan, with significant contributions from the integrated circuit and biomedicine sectors [2][3] - As of the first quarter of 2025, institutional investors accounted for over 60% of holdings in the STAR Market, with an increase in foreign institutional and long-term fund investments [1][7] R&D Investment - R&D expenditure for STAR Market companies reached 168.08 billion yuan in 2024, more than 2.5 times their net profit, with a median R&D intensity of 12.6% [3] - The number of R&D personnel in STAR Market companies has reached 240,000, accounting for nearly 30% of total employees [3] - STAR Market companies have seen significant growth in overseas revenue, totaling 430.36 billion yuan in 2024, with 173 companies experiencing over 30% growth [3] Mergers and Acquisitions - The STAR Market has seen a surge in M&A activity, with 106 new transactions announced since the implementation of the "STAR Eight Rules," with an estimated transaction value exceeding 140 billion yuan [4][5] - Notable innovative cases include the first directed convertible bond restructuring and various significant acquisitions, indicating a trend towards market-oriented mechanisms [5][6] Index and ETF Development - The STAR Market has established a comprehensive index and ETF product system, with 80 STAR Market ETFs listed and a total scale exceeding 250 billion yuan [6][7] - The number of STAR Market indices has reached 29, with a significant increase in the number of approved and listed ETFs since the introduction of the "STAR Eight Rules" [6][7] - Long-term capital has shown a preference for leading technology companies, with 79 STAR Market companies being heavily invested by social security funds [7]

特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我 们的推送。 近日，市发改委印发《关于开展重点领域设备购置与更新改造贷款贴息的实施方案》，进一步 加大对科技创新与研发等八大重点领域设备购置与更新改造贷款贴息的支持力度，预计获支持 的项目在贴息期内融资成本可下降超七成。 今年重点支持的领域包括：科技创新与研发、战略性新兴产业、未来产业、先进制造业和现代 服务业"两业"融合发展、新型基础设施、社会投资公共服务、文化旅游与消费场所改造升级、 农业等8个领域。这 八大领域覆盖基础研究、原创性引领性科技攻关，医药健康、集成电路、 汽车、人工智能等战略性新兴产业，生物制造、量子科技、具身智能、商业航天、智能机器人 等未来产业，数据中心、云计算、智慧交通基础设施等新基建 。 根据政策，本市将发挥政府投资引导带动作用，积极为社会投资项目降低融资成本，对符合条 件的项目给予最高不超过2.5个百分点的贴息，贷款实际利率低于2.5%的按照贴息率不超过贷 款实际利率安排。贴息期限2年。 "按商业银行中长期贷款利率、即5年期以上LPR为3.5%左右测算，预计获支持的项目在贴息 ...

2019年6月13日，在第十一届陆家嘴论坛上，上海证券交易所科创板正式宣告开板。六年来，科创板以制度创新激发市场活力，以市场活力反哺科 技创新，成功探索出一条资本市场与科技产业深度融合的中国路径。 截至2025年6月12日，科创板上市公司数量达到588家，总市值超过6.8万亿元。其中，受益于多元包容的发行上市条件，科创板已有54家未盈利企业、8 家特殊股权架构企业、7家红筹企业、20家第五套标准上市企业，1家转板上市企业。 科创板公司均属于战略性新兴产业和高新技术产业，其中，新一代信息技术、生物医药、高端装备制造等战略性新兴产业公司占比超八成。 具体来看，集成电路领域公司总数达119家，占A股同类上市公司的"半壁江山"，涵盖上游芯片设计、中游晶圆代工及下游封装测试，形成上下游链条完 整、产业功能齐备的发展格局；生物医药领域上市公司总数113家，重点介入癌症、乙肝、丙肝、艾滋病等治疗领域；127家高端装备制造业公司齐聚科 创板，涵盖工业母机、工业机器人、激光加工、工业自动化控制系统等先进工艺装备，下游覆盖轨交、汽车、电力、航空、物流等国计民生重点领域， 构建起协同创新、产业集聚的发展格局。 据统计，六年来，科创 ...

2019年6月13日，在第十一届陆家嘴论坛上，上海证券交易所科创板正式宣告开板。六年来，科创板以制度创新激发市场活力，以市场活力反哺科 技创新，成功探索出一条资本市场与科技产业深度融合的中国路径。 截至2025年6月12日，科创板上市公司数量达到588家，总市值超过6.8万亿元。其中，受益于多元包容的发行上市条件，科创板已有54家未盈利企业、8 家特殊股权架构企业、7家红筹企业、20家第五套标准上市企业，1家转板上市企业。 科创板公司均属于战略性新兴产业和高新技术产业，其中，新一代信息技术、生物医药、高端装备制造等战略性新兴产业公司占比超八成。 具体来看，集成电路领域公司总数达119家，占A股同类上市公司的"半壁江山"，涵盖上游芯片设计、中游晶圆代工及下游封装测试，形成上下游链条完 整、产业功能齐备的发展格局；生物医药领域上市公司总数113家，重点介入癌症、乙肝、丙肝、艾滋病等治疗领域；127家高端装备制造业公司齐聚科 创板，涵盖工业母机、工业机器人、激光加工、工业自动化控制系统等先进工艺装备，下游覆盖轨交、汽车、电力、航空、物流等国计民生重点领域， 构建起协同创新、产业集聚的发展格局。 据统计，六年来，科创 ...

Core Insights - The 2025 Yangtze River Delta (YRD) regional leaders' conference emphasized enhancing regional innovation capabilities to drive high-quality development [1] - Significant growth in industrial and service robots, as well as new energy vehicles, indicates a strong push towards becoming a national hub for original innovation and high-end industries [1] - The YRD aims to establish a globally influential technology innovation community, with substantial contributions from various research institutions and universities [1][2] Group 1: Innovation Growth - In Q1, industrial robot production in Hangzhou and Ningbo increased by 62.7% and 63.2% respectively, while Suzhou's service robot production surged by 165% [1] - New energy vehicle production in Hefei and Wuhu grew by 74.9% and 114.2% respectively, showcasing the region's commitment to technological advancement [1] - Shanghai's AI manufacturing output rose by 13.2%, further highlighting the region's innovation capabilities [1] Group 2: Policy Framework - A series of policy documents have been introduced to accelerate the construction of the YRD technology innovation community, aiming for a modern and international community by 2025 and a globally leading one by 2035 [2] - The "Science and Technology Innovation + Industry" initiative aims to establish a cross-regional collaborative innovation mechanism [2] Group 3: Regional Strategies - Shanghai focuses on building an international technology innovation center, while Jiangsu emphasizes organized research and transformation [3] - Zhejiang promotes enterprises as the main drivers of the entire innovation chain, and Anhui leverages its comprehensive national science center for new industrial cluster development [3] Group 4: Future Directions - Future efforts will focus on optimizing collaborative innovation mechanisms and establishing a legal framework to support cross-regional technology innovation [4] - A negative list for the circulation of innovation elements in the YRD will be proposed to enhance resource integration [4] Group 5: Regional Ecosystem - The YRD will strengthen its innovation hubs, particularly in Shanghai and Anhui, to support regional technology innovation centers [5] - Specialized and international technology intermediary service organizations will be cultivated to enhance the innovation cycle from research to commercialization [5]