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 ...

以科创板为代表的资本市场，已成为金融支持集成电路产业自立自强发展的主阵地，正逐步构建起"头部引领、链条完整、协同创新"的良性发展格局。 集成电路产业被誉为现代工业的"粮食"，是物联网、大数据、云计算等新一代信息产业的基石。攀登科技创新的高峰，不仅需要技术研发的硬实力，更离不 开资本的长期浇灌与坚定陪伴。以科创板为代表的资本市场，已成为金融支持集成电路产业自立自强发展的主阵地，正逐步构建起"头部引领、链条完整、 协同创新"的良性发展格局。如何让资本更精准、更持久地赋能集成电路产业，实现其高质量发展？ 陆家嘴金融沙龙第22期活动将于8月2日举行，会议以《智核驱动，智汇未来：资本赋能先导产业》为主题，特邀科创基金、产业资本和领军企业等领域专 家，探讨耐心资本如何支持这一战略性、基础性和先导性产业的高质量发展，助力其更好地强链、补链、延链。 上海科创中心股权投资基金管理有限公司总裁杨斌将担任本场沙龙的主嘉宾，并发表主旨演讲。 杨斌深耕公司金融与金融科技领域30年，在集成电路产业投资布局上有着精准的判断和丰富的实战经验。上海科创基金也扶持了一批优质企业成长，为集成 电路产业的创新发展注入了强劲动能。 陈 理论证司▷週刊 ...

证券代码：688130 证券简称：晶华微 公告编号：2025-038 杭州晶华微电子股份有限公司 关于使用部分募集资金向全资子公司提供借款以实施募投项目 的公告 本公司董事会及全体董事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。 杭州晶华微电子股份有限公司（以下简称"公司"或"晶华微"）于 2025 年 7 月 29 日召开第二届董事会第十八次会议，审议通过了《关于使用部分募集 资金向全资子公司提供借款以实施募投项目的议案》，同意公司使用部分募集资 金向全资子公司深圳晶华智芯微电子有限公司（以下简称"晶华智芯"）提供不 超过 3,500 万元的借款以实施募投项目"研发中心建设项目"。该事项在公司董 事会审议权限范围内，无需提交股东会审议。保荐机构国泰海通证券股份有限公 司（以下简称"保荐机构"）对该事项发表了同意的意见。具体情况如下： 杭州晶华微电子股 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意杭州晶华微电子股份有限公 司首次公开发行股票注册的批复》（证监许可〔2022〕1203 号），公司首次向社 会公开发行人民币普通 ...

2024年1至12月份，晶华微的营业收入构成为：集成电路占比99.96%，其他业务占比0.04%。 （文章来源：每日经济新闻） 晶华微（SH 688130，收盘价：23.05元）7月29日晚间发布公告称，公司第二届第十八次董事会会议于 2025年7月29日在公司会议室以现场结合通讯表决方式召开。会议审议了《关于选举公司审计委员会成 员的议案》等文件。 ...

复旦微电表示，基于复旦大学设有集成芯片与系统国家重点实验室及微电子学院，拥有先进器材及设备，聘用大量尖端专才并在微电子研究及开发方面具 备丰富的知识和经验。公司与复旦大学共同推动产学研合作，有利于公司的经营。 其进一步表示，公司与复旦大学保持稳定的合作关系，本次关联交易不会对公司的独立性产生不利影响，公司主营业务不会因此类交易对关联方形成依 赖。 （校对/黄仁贵） 7月28日，复旦微电发布公告称，公司拟与复旦大学签署《技术服务合同》，委托复旦大学研究开发超大规模FPGA布局布线技术并提供相应的技术支 持，合同金额350万元人民币。交易类别为接受关联方劳务类。 合同于2025年7月28日生效，到2026年12月31日结束。研究开发的知识产权将归公司所有。 ...

Core Insights - The Sci-Tech Innovation Board (STAR Market) has become a significant platform for "hard technology" companies, contributing to China's capital market reforms and supporting high-level technological self-reliance [1][2][3] Group 1: Support for "Hard Technology" Enterprises - Since its establishment, the STAR Market has supported 589 companies, raising a total of 925.7 billion yuan through IPOs and 186.7 billion yuan through refinancing, exceeding 1.1 trillion yuan in total [2] - The total market capitalization of the STAR Market has surpassed 7 trillion yuan, with leading companies like Haiguang Information and SMIC accounting for nearly 1.47 trillion yuan, over 20% of the total market cap [2] - The STAR Market has facilitated the transformation of technology companies from "catching up" to "leading," significantly contributing to breakthroughs in key technologies [2][3] Group 2: Reform and Innovation - The STAR Market has implemented a registration-based system, establishing a multi-faceted and inclusive listing system, which serves as a model for broader capital market reforms [4] - It has supported various types of companies, including 54 unprofitable firms and 8 with special share structures, with 22 of these unprofitable companies achieving profitability post-listing [4] - The recent "1+6" policy reform aims to expand listing standards to include fields like artificial intelligence and commercial aerospace, enhancing financing channels for cutting-edge technology firms [5] Group 3: R&D Investment and Performance - In 2024, R&D investment in the STAR Market is projected to reach 168.1 billion yuan, more than three times the net profit, with a median R&D investment to revenue ratio of 12.6% [6] - The STAR Market has fostered a culture of early-stage investment, with about 90% of companies receiving venture capital before going public [6] - Over the past five years, the compound annual growth rates for revenue and net profit of STAR Market companies have been 19% and 9%, respectively, with an average gross margin of 40% in 2024 [6] Group 4: Investor Returns and Future Outlook - 509 companies have disclosed plans for quality improvement and high returns, with over 60% offering cash dividend plans totaling 38.8 billion yuan [7] - The STAR Market aims to enhance its ecosystem by optimizing listing standards, improving transparency, and providing differentiated support for technology companies at various development stages [7] - Future initiatives include expanding financing channels and promoting international cooperation to strengthen the global competitiveness of Chinese technology firms [7]

Core Viewpoint - Beijing Xinle Energy Technology Co., Ltd. has established a key investment project, Chengdu Enji Chip Technology Co., Ltd., in IC PARK (West District) to enhance the "Chengdu Chip" industry landscape [1][3] Group 1: Company Overview - Chengdu Enji Chip Technology Co., Ltd. focuses on core technology research and industrial application in the power electronics field, developing high-performance integrated circuit products such as power management chips, bridge drivers, power integrated motor drivers, and DC/DC converters [1] - The company leverages integrated circuit design technology and high power density SiP integration technology to develop high-performance power micro-module products [1] Group 2: Industry Impact - The establishment of Enji Chip will further synergize surrounding industrial resources, empowering the industrialization of power integrated circuits and micro-module technology in the western region [3] - The IC PARK (West District) has recently made significant progress, attracting over 30 benchmark enterprises in artificial intelligence and related fields through the introduction of the Xinhua Innovation Center [3] - The park is also developing three high-energy innovation achievement transformation platforms focusing on cutting-edge areas such as sensing chips and systems, embodied intelligence, and wireless data communication, which will significantly boost the innovation development of the electronic information industry in the region [3]

Group 1 - Beijing Xinle Energy Technology Co., Ltd. has established a key investment project in the western region with the entry of Chengdu Enjixin Technology Co., Ltd. into IC PARK (West District), enhancing the "Chengdu Chip" industry landscape [1][3] - Enjixin focuses on core technology research and industrial application in the power electronics field, developing high-performance integrated circuit products such as power management chips and DC/DC converters [3][4] - The IC PARK (West District) has attracted over 21 listed companies and aims to create a collaborative ecosystem for the integrated circuit industry, emphasizing "industrial chain collaboration" [4][6] Group 2 - The park has introduced over 87 electronic information representative enterprises, establishing a complete IC industry chain covering key areas such as communication, microprocessors, and power devices [6] - IC PARK operates under an "innovation ecosystem" model, with a focus on technology transfer and collaboration between the West and South Districts, enhancing the overall industrial synergy [7] - The park has developed a comprehensive service system that supports enterprises throughout their lifecycle, addressing common challenges in policy, technology, finance, and intellectual property [14][18] Group 3 - IC PARK (West District) has established high-end platforms and research institutes, including the Chip Fire Micro Testing Service Platform and the Tianfu Wireless Intelligent Research Institute, to foster innovation and technology transfer [9][11] - The park's international conference center and green low-carbon energy system provide essential support for enterprises, enhancing operational efficiency and reducing costs [11][13] - Continuous improvements in service quality and operational efficiency have been implemented, including a shuttle service to the subway station to facilitate employee commuting [15][16]

据介绍，本次大会以"新质驱动·未来领航"为主题，展现"硬科技底色"。本次大会由深圳市工业和信息 化局、深圳市中小企业服务局指导，长城战略咨询、交通银行、深创投、国信证券、深圳报业集团联合 主办，北京与仁科技服务有限公司、深圳私募基金业协会、深证中小企业服务中心承办。 此外，深创投、深天使、深高新投、深担保、达晨财智、东方富海、基石资本、同创伟业等投资机构将 出席本次大会。而大会设计的"合作洽谈会"等活动，将让创新力量深度对接深圳的产业链资源与政策红 利，实现"落地即加速"的共赢。 期间，《GEI中国独角兽企业研究报告2025》与《深圳市独角兽企业及瞪羚企业研究报告2025》将发 布，通过量化分析与深度洞察，解码独角兽企业的成长密码与产业趋势。 值得关注的是，作为本次大会的东道主，深圳的"独角兽军团"将集体亮相。据了解，深圳是全国"硬科 技"独角兽最活跃的城市之一，深圳独角兽主要集中在前沿科技领域，在集成电路、机器人、3D打印、 清洁能源等赛道表现尤为突出。深圳独角兽的成长轨迹，是一部"从跟跑到领跑"的创新史诗。近些年， 深圳独角兽企业中不乏成功上市的企业，既有优必选、云天励飞等硬科技代表，也有奈雪的茶等新消费 ...