每经AI快讯，国民技术（SZ 300077，收盘价：20.88元）11月26日晚间发布公告称，公司第六届第十二 次董事会会议于2025年11月26日以通讯方式召开。会议审议了《关于召开2025年第二次临时股东会的议 案》等文件。 每经头条（nbdtoutiao）——国开行辟谣的"人民资产"是什么？记者实探：号称投资600元80天赚8万 元！一位投资人的女儿：劝不住她，警察都拦不住 （记者 张明双） 2025年1至6月份，国民技术的营业收入构成为：集成电路和关键元器件占比50.98%，负极材料占比 46.02%，其他业务占比3.0%。 截至发稿，国民技术市值为122亿元。 ...

德邦科技公告，国家集成电路基金减持计划期限届满，2025年9月11日～2025年10月16日累计通过集中 竞价及大宗交易减持284.48万股，占公司总股本2%，成交价49.65～61.13元/股，总金额1.55亿元；目前 持股1941.63万股，占13.65%。 ...

Core Viewpoint - The announcement from the company indicates a dilution in the shareholding percentage of the National Integrated Circuit Industry Investment Fund due to an increase in total share capital resulting from specific share issuance and stock option exercises [1] Group 1 - The company has increased its total share capital through issuing shares to specific parties and exercising stock options [1] - The National Integrated Circuit Industry Investment Fund's shareholding percentage decreased from 22.86% to 17.75% following the equity change, while the number of shares held remains unchanged at 56.7 million [1] - All shares held by the fund are unrestricted and free from any pledges or freezes [1] Group 2 - The fund has not engaged in buying or selling the company's stock through centralized trading on the stock exchange in the six months prior to the signing of this report [1]

（责任编辑：康博） 中国经济网北京11月26日讯 东芯股份(SH:688110)今日股价涨停，截至收盘报118.80元，涨幅 20.00%，总市值525.39亿元。 ...

本报讯(记者李雯珊)11月25日，大湾区生态创新中心签约仪式在广州数字科技集团有限公司顺利举行。 广州广电五舟科技股份有限公司与沐曦集成电路(上海)股份有限公司、上海华研企业发展(集团)有限公 司正式签署战略合作协议。三方将依托各自在国产算力产业链中的核心优势，共建大湾区生态创新中 心，加速国产算力技术规模化应用，助力粤港澳大湾区智算生态构建与数字经济高质量发展。 当前，粤港澳大湾区正加速打造全球数字经济与人工智能创新高地。《广东省国家数字经济创新发展试 验区建设方案(2025-2027年)》明确提出，到2027年大湾区人工智能核心产业规模将超4400亿元，算力规 模突破60EFLOPS。在此背景下，大湾区生态创新中心将围绕"算力生态聚合+技术创新突破+行业场景 落地+人才培育+社区共建共享"五大核心，以"品牌赋能+价值共创"为导向，打造大湾区智算技术创新 基地，构建"芯片—整机—系统—场景—人才"全产业链协同生态，成为智算技术赋能千行百业的重要平 台、行业应用的"实验室"和"试验场"。 该创新中心建成后，将重点推动国产算力与医疗、交通、金融、教科研等关键领域的深度融合，加速 AI应用规模化落地；持续深化协同 ...

Core Insights - The electronic industry is experiencing a sustained recovery in demand, effective supply clearance, and rising prices for storage chips, with domestic production efforts exceeding expectations [1] - Nvidia's Q3 financial report shows a 62% year-over-year revenue growth, with data center business revenue increasing by 66%, primarily driven by the accelerated promotion of the GB300, and the Q4 revenue guidance reaching $65 billion, significantly surpassing market expectations [1] - Google has released the Gemini 3 model, which is entirely trained on self-developed TPUs, demonstrating significant advancements in reasoning and multimodal capabilities across various AI benchmark tests, reflecting a comprehensive "full-stack" AI technology ecosystem from chips to software [1] - Current structural opportunities in the industry are concentrated in AI computing power, semiconductor equipment, key components, and rising storage prices [1] Industry Overview - The Integrated Circuit ETF (159546) tracks the Integrated Circuit Index (932087), which selects listed companies involved in semiconductor design, manufacturing, packaging, testing, and related materials and equipment to reflect the overall performance of the integrated circuit industry [1] - This index focuses on technology innovation and growth-oriented companies, serving as an important indicator of the development of China's high-tech industry [1]

Group 1 - The core point of the news is the announcement of a mandatory tender offer by Zhonghao Xinying for Tianpu Rubber Technology Co., Ltd., triggered by a change in control through share transfer and capital increase [2][4] - The tender offer price is set at 23.98 CNY per share, aiming to acquire 25% of the unrestricted circulating shares, with the offer period from November 20, 2025, to December 19, 2025 [2][5] - Following the announcement, Tianpu's stock price surged, reaching 140.36 CNY per share as of November 26, 2023, up from approximately 25 CNY in early August [2] Group 2 - The acquisition involves a combination of share transfer and capital increase, with Zhonghao Xinying and its concerted parties acquiring a total of 10.75% and 8.00% of Tianpu's shares, respectively, and committing to capital increases totaling 15.21 million CNY [4] - As of the signing date of the tender offer report, Zhonghao Xinying and its concerted parties hold 18.75% of Tianpu's shares, and post-capital increase, their control will rise to 68.29%, exceeding the 30% threshold that triggers the mandatory tender offer [4] Group 3 - The tender offer specifies that the maximum required funds for the acquisition amount to 804 million CNY, with 165 million CNY already deposited as a performance guarantee, ensuring sufficient funding from self-owned resources [5] - The tender offer period is set for 30 calendar days, with the last three trading days being irrevocable for any accepted offers [5] Group 4 - As of November 24, 2025, only 3,800 shares have been tendered, representing 0.00283% of the total shares, raising concerns about the potential risk of delisting if public shareholders' holdings fall below 25% [7] - Zhonghao Xinying has committed to coordinating with other shareholders to maintain the listing status if such a situation arises, ensuring remaining shareholders can sell their shares at the tender offer price if delisting occurs [7] Group 5 - Zhonghao Xinying, established in October 2020, focuses on integrated circuit design and artificial intelligence software development, with its actual controller being Yang Gongyi Fan, who has a background in engineering and experience at major tech companies [8] - The concerted parties include Hainan Xinfan and individual Fang Donghui, with diverse backgrounds in technology and management [8]

截至9月30日，中芯国际股东户数33.62万，较上期增加33.27%；人均流通股6134股，较上期减少 25.41%。2025年1月-9月，中芯国际实现营业收入495.10亿元，同比增长18.22%；归母净利润38.18亿 元，同比增长41.09%。 机构持仓方面，截止2025年9月30日，中芯国际十大流通股东中，易方达上证科创板50ETF（588080） 位居第五大流通股东，持股5730.50万股，相比上期减少1650.36万股。华夏上证科创板50成份ETF （588000）位居第六大流通股东，持股5599.90万股，相比上期减少3972.76万股。华夏上证50ETF （510050）位居第七大流通股东，持股3797.30万股，相比上期减少103.16万股。华泰柏瑞沪深300ETF （510300）位居第八大流通股东，持股3393.58万股，相比上期减少146.80万股。嘉实上证科创板芯片 ETF（588200）位居第九大流通股东，持股2760.90万股，为新进股东。易方达沪深300ETF（510310） 位居第十大流通股东，持股2446.97万股，为新进股东。香港中央结算有限公司退出十大流通股东之 列。 ...

Core Viewpoint - Employment is highlighted as a key indicator of economic development and improvement in people's livelihoods, with a focus on enhancing job stability and promoting high-quality employment in Chengdu [2] Group 1: Employment Services - Chengdu's Human Resources and Social Security Bureau has established a "1+3" public employment service system to enhance employment and entrepreneurship quality [2] - The "Rongyi Employment" service model has been innovatively launched, extending employment services to local communities and workplaces, with 2,647 service stations established and 234.62 million person-times served [4][5] - Various recruitment activities have been organized, totaling 3,224 events from January to October, focusing on personalized services for key groups such as college graduates and rural labor [5] Group 2: Employer Support - Chengdu has created a "Rongyi Labor" service mechanism to support enterprises in meeting their labor needs through a four-level coordination system [6] - In response to urgent labor demands, over 10,000 workers were recruited for BYD Electronics in just 35 days, showcasing the effectiveness of the coordination mechanism [6] - From January to October, 204.62 million job postings were made available to 78,200 employers, alleviating labor shortages [7] Group 3: Skills Training - Chengdu has implemented a comprehensive skills training initiative, with 82,000 participants receiving subsidized training and over 580,000 online training sessions provided [9] - The city has adopted a project-based training model that integrates job demand, skills training, evaluation, and employment services [9] Group 4: Entrepreneurship Support - Chengdu has developed a "trinity" entrepreneurial ecosystem combining policy support, financial backing, and service guarantees, with 976 entrepreneurial service stations established [11] - The "Yufu Entrepreneur Growth Camp" has successfully trained 188 small and medium-sized enterprise owners, resulting in an average revenue increase of 65% for their businesses [11][12] - The city has created various entrepreneurial spaces and communities, leading to over 430,000 jobs generated through entrepreneurship [12]

Core Insights - The Ministry of Industry and Information Technology has initiated the creation of national emerging industry development demonstration bases, focusing on key sectors such as new generation information technology, new energy, new materials, and high-end equipment [1] - In October, high-tech industry sales revenue in China grew by 13.6% year-on-year, with both high-tech service and manufacturing sectors maintaining double-digit growth [1] - The State Council's recent policy aims for deep integration of artificial intelligence with six key sectors by 2027, positioning the digital economy as a significant growth driver by 2030 [1] Industry Performance - High-tech service industry sales revenue increased by over 10% year-on-year [1] - High-tech manufacturing sales revenue also saw a similar growth rate, indicating robust performance across these sectors [1] - Specific sectors such as integrated circuits, industrial robots, and drone manufacturing reported significant year-on-year sales growth of 32.5%, 41.7%, and 38.4% respectively [1] Policy and Strategic Direction - The State Council's "Artificial Intelligence +" action plan outlines measures to enhance foundational capabilities, aiming for extensive integration of AI into key sectors by 2027 [1] - By 2030, the digital economy is expected to become a crucial growth engine for economic development, with a vision for a fully digital economy and smart society by 2035 [1] - There is a recognized need to enhance self-sufficiency in areas potentially subject to foreign control, such as advanced computing chips and large-scale computing facilities [4]