Group 1 - The core point of the news is that Si Rui Pu Microelectronics Technology Co., Ltd. has seen a stock price increase of 5%, reaching 148.05 CNY per share, with a total market capitalization of 20.402 billion CNY [1] - The company specializes in the research and sales of analog integrated circuit products, with its main revenue sources being signal chain analog chips (67.70%) and power analog chips (32.25%) [1] - The trading volume for the stock was 413 million CNY, with a turnover rate of 2.19% [1] Group 2 - Southern Fund has a significant holding in Si Rui Pu, with the Southern SSE Sci-Tech Innovation Board Comprehensive ETF Link A (023731) ranking as the fourth largest holding [2] - The fund has a total asset size of 976.034 million CNY and has achieved a return of 27.44% since its inception [2] - The fund manager, Yang Kaining, has a tenure of 1 year and 21 days, with a best return of 59.59% during his management period [3]

Group 1 - Moore Threads will launch its initial public offering (IPO) for subscription on November 24, 2025, impacting the integrated circuit sector [2] - The 2025 China Automotive Supply Chain Conference will take place from November 24 to 26, 2025, focusing on the new energy vehicle sector [2] - The 2025 Second China International Lithium Industry Conference is scheduled for November 24 to 26, 2025, affecting the battery industry [2] - The International Copper Association Day China Forum will be held on November 25, 2025, impacting the non-ferrous metals sector [2] - Huawei will officially release the Mate 80 on November 25, 2025, influencing the consumer electronics market [2] - The International Integrated Circuit Symposium and Exhibition (IIC Shenzhen 2025) will occur from November 25 to 26, 2025, affecting the integrated circuit industry [2] - Alibaba will launch its first self-developed flagship dual-display AI glasses, Quark AI Glasses S1, on November 27, 2025, impacting the consumer electronics sector [2] Group 2 - The 2025 (22nd) China Mergers and Acquisitions Annual Conference will take place from November 27 to 28, 2025, affecting the brokerage sector [3] - The 2025 Low-altitude Equipment Industry Innovation and Development Conference is scheduled for November 27 to 28, 2025, impacting the low-altitude economy [3] - The 2025 World Intelligent Manufacturing Conference will be held from November 27 to 29, 2025, influencing the intelligent manufacturing and artificial intelligence sectors [3][4] Group 3 - The 2025 AERO Asia General Aviation Exhibition will take place from November 27 to 30, 2025, impacting the aerospace sector [4] - The Hong Kong Futures Exchange will launch futures contracts based on the Hang Seng Biotechnology Index on November 28, 2025, affecting the Hong Kong pharmaceutical sector [4] - The 2025 CCF China Software Conference is scheduled for November 28 to 30, 2025, impacting the software industry [4] - The Harmony Starry Night Gala will be held on November 28, 2025, influencing the digital economy sector [4] - The 2025 Third New Quality Productivity Automotive Conference will take place from November 28 to 30, 2025, impacting the automotive industry [4] - The 2025 China Artificial Intelligence Conference is scheduled for November 29 to 30, 2025, affecting the artificial intelligence sector [4]

过去一周（11月3日-11月9日），证监会新增披露，航中天启（重庆）微电子股份有限公司（下 称"航中天启"）、安闻科技集团股份有限公司（下称"安闻科技"）、映恩生物（下称"映恩生物"）、武 汉嘉晨电子技术股份有限公司（下称"嘉晨电子"）、内蒙古东源环保科技股份有限公司（下称"东源环 保"）、广东精一家具股份有限公司（下称"精一股份"）、深圳市中基自动化股份有限公司（下称"深圳 中基"）、安徽新远科技股份有限公司（下称"新远科技"）、宁波锦莱化工股份有限公司（下称"锦莱化 工"）、华诺星空技术股份有限公司（下称"华诺星空"）等10家公司进行了IPO辅导备案。 IPO日报注意到，航中天启2024年营收累计超过10亿元，深创投、两江资本、复星创富、久科投资 等机构股东参投；国投招商领投的安闻科技谋求IPO；港股上市公司、市值高达271亿港元的映恩生物 拟回A股科创板上市，2025年上半年亏损额暴增；嘉晨电子历经8轮融资，投资方包括洪泰基金、联通 中金基金、绿能股权投资等；内蒙古环保水务龙头东源环保谋求上市；精一股份面临增收不增利状况； 深圳中基服务宁德时代、比亚迪等知名客户，但业绩下滑明显；新远科技IPO撤单一年半 ...

Core Viewpoint - The article highlights the strategic development of the integrated circuit industry in Quzhou, leveraging its traditional strengths in fluorochemical production, with a focus on semiconductor materials and components [1][2]. Group 1: Industry Development - Quzhou has established an industrial cluster centered around silicon wafers, wet electronic chemicals, and electronic specialty gases, covering both upstream materials and downstream device applications [1]. - The upstream wafer manufacturing materials market is valued at approximately $45 billion, with electronic specialty gases accounting for about 14% of this market [2]. - The market for electronic specialty gases is over 50 billion yuan, playing a crucial role in semiconductor manufacturing processes [2][4]. Group 2: Company Initiatives - XianDao Technology Group has invested 11 billion yuan in the XianDao Microelectronics project in Quzhou, with an expected annual output value of 20 billion yuan and tax revenue of 600 million yuan upon reaching full production [2]. - The company is also developing two additional projects in Quzhou: a 12 billion yuan medical project and a 9.5 billion yuan smart sensor project, with expected annual outputs of 9 billion yuan and 19.2 billion yuan, respectively [5]. - The XianDao Microelectronics base aims to focus on domestic substitution products, particularly in high-end applications where foreign suppliers dominate [4]. Group 3: Strategic Advantages - Quzhou's local resources and business environment are significant factors for XianDao Technology Group's investment, with strong upstream and downstream partnerships enhancing operational efficiency [6]. - The local government provides supportive measures, facilitating project development and addressing challenges faced during the construction phase [6]. - The Quzhou base has generated 2.1 billion yuan in output in the first three quarters of the year, with expectations to exceed 4 billion yuan in total revenue for the year [6].

近日，全国31省份（不含港澳台）前三季度经济数据陆续发布。根据国内生产总值（GDP）由高至低排 列，经济前十强省份为：广东、江苏、山东、浙江、四川、河南、湖北、福建、上海和湖南。 | 排名 | 省份 | | 增速(%) | | --- | --- | --- | --- | | 1 | 广东 | 105176. 98 | 4.1 | | 2 | 江苏 | 102811 | 5.4 | | 3 | 山东 | 77115 | 5.6 | | 4 | 浙江 | 68495 | 5.7 | | ર | 四川 | 49322. 2 | 5.5 | | ୧ | 河南 | 48867. 57 | 5.6 | | 7 | 湖北 | 44875. 62 | 6.0 | | 8 | 福建 | 42339.86 | 5.2 | | 9 | 上海 | 40721. 17 | 5.5 | | 10 | 湖南 | 40240. 56 | 5.4 | | 11 | 安徽 | 39770 | 5.4 | | 12 | 北京 | 38415. 9 | 5.6 | | 13 | 河北 | 35547. 6 | 5.5 | | 14 | 陕西 | ...

数据显示，金元顺安基金旗下1只基金重仓臻镭科技。金元顺安价值增长混合（620004）三季度持有股 数2.13万股，占基金净值比例为1.98%，位居第七大重仓股。根据测算，今日浮盈赚取约6.7万元。 金元顺安价值增长混合（620004）成立日期2009年9月11日，最新规模7004.66万。今年以来收益 6.25%，同类排名6134/8209；近一年收益6.43%，同类排名5901/8129；成立以来亏损36.27%。 金元顺安价值增长混合（620004）基金经理为孔祥鹏、韩辰尧。 11月24日，臻镭科技涨5.6%，截至发稿，报59.36元/股，成交1.12亿元，换手率0.89%，总市值127.06亿 元。 韩辰尧累计任职时间2年270天，现任基金资产总规模8.3亿元，任职期间最佳基金回报6.65%， 任职期 间最差基金回报-17.15%。 资料显示，浙江臻镭科技股份有限公司位于浙江省杭州市西湖区智强路428号云创镓谷研发中心7号楼,8 号楼1-3层，成立日期2015年9月11日，上市日期2022年1月27日，公司主营业务涉及集成电路芯片和微 系统的研发、生产和销售。主营业务收入构成为：电源管理芯片50.10% ...

Core Viewpoint - The integration of technological innovation and industrial innovation is essential for China's economic development and competitiveness in the global market, as emphasized in the 15th Five-Year Plan [1] Group 1: Technological and Industrial Innovation Integration - Technological innovation serves as the "source of vitality" for industrial innovation, while industrial innovation provides application scenarios and market space for technological advancements [1] - The deep integration of these two innovations can enhance industrial competitiveness and promote economic structural optimization, contributing to high-quality development [1] - Challenges such as insufficient high-quality technological supply and low conversion rates of technological achievements hinder the integration process [1] Group 2: Enhancing High-Quality Technological Supply - The strategy should focus on the "four orientations" to strengthen national strategic technological capabilities and optimize the layout of national laboratories and research institutions [2] - Key areas such as integrated circuits, artificial intelligence, biomedicine, and quantum technology require increased long-term support [2] - Collaboration between research institutions and enterprises is encouraged to address urgent technological needs in the industry, utilizing innovative research organization models [2] Group 3: Strengthening Enterprise Innovation - Enterprises are positioned at the forefront of the market and are crucial for driving technology implementation [2] - Encouragement for enterprises to lead innovation consortia and integrate resources from universities and research institutions to address industry challenges [2] - Support mechanisms for technology-leading enterprises and specialized small and medium-sized enterprises are essential for fostering innovation [2] Group 4: Creating a Vibrant Innovation Ecosystem - A robust innovation ecosystem is vital for nurturing new productive forces and enhancing the efficiency of innovation and application [3] - Reforms in the technological system should facilitate the free flow and efficient allocation of innovation factors such as talent, technology, and capital [3] - Establishing a supportive environment for innovation, including strong intellectual property protection and financial support for R&D, is necessary for encouraging bold innovation [3]

Core Viewpoint - The company aims to become a globally competitive leader in full-function GPU technology, focusing on providing computing acceleration platforms for AI, digital twins, and high-performance computing since its establishment in 2020 [2][12]. Business Operations - The company primarily engages in the research, design, and sales of GPUs and related products, with a focus on high-performance computing applications [2][3]. - The company has successfully launched four generations of GPU architectures, covering various application areas including AI computing, high-performance computing, and graphics rendering [3]. - The company has a diverse product matrix that meets the differentiated needs of government, enterprises, and individual consumers [3]. Technology and Innovation - The company has applied for over 1,000 patents, with 514 patents granted as of June 30, 2025, leading among domestic GPU companies [4][6]. - The company emphasizes continuous R&D investment, with over 75% of its workforce dedicated to R&D, resulting in products that meet or exceed international standards [4]. - The company actively participates in industry standards development, enhancing its technological leadership [5]. Financial Performance - The company's main business revenue for the reporting period (2022 to 2025) shows significant growth: 45.84 million, 121.47 million, 432.32 million, and 701.58 million yuan [7]. - The main business gross margin has improved from -70.45% to 69.17% over the same period, reflecting a shift towards higher-margin products [9]. - R&D expenses have been substantial, with figures of 1,116.49 million, 1,334.43 million, 1,358.69 million, and 556.73 million yuan, indicating a strong commitment to innovation [11]. Development Strategy - The company aims to provide global computing acceleration infrastructure and solutions, focusing on AI computing support for various industries [12]. - The company has identified its core competitive advantages in the domestic GPU sector, including a robust ecosystem, a professional R&D team, and effective commercialization strategies [12][13]. Industry Trends - The Chinese GPU market is experiencing rapid growth driven by increasing demand for computing power, with a notable shift towards domestic production [16][17]. - The application of GPUs is expanding into diverse fields, particularly in AI, where their capabilities are becoming essential [17]. - The industry is witnessing a trend towards technological upgrades and increased localization, providing significant opportunities for growth [16][18]. Competitive Position - The company is positioned in a market dominated by international players like NVIDIA and AMD, but it has gained market share through close customer service and rapid response to needs [18]. - The company’s products have achieved performance metrics that are competitive with international standards, such as the MTT S80 graphics card's performance nearing that of NVIDIA's RTX 3060 [18][19]. Public Offering - The company plans to issue 70 million shares, increasing its total shares to 470.03 million, with the new shares representing 14.89% of the total [20]. - The raised funds, totaling 800 million yuan, will be allocated to the development of new AI and graphics chips, enhancing the company's core competencies and market share [21].

10月28日，《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（以下简称《建议》） 正式发布。 与"十四五"规划建议相比，"十五五"规划建议将"建设现代化产业体系"摆在更加突出的位置，这背后有 何考量？遴选量子科技、生物制造等六大产业的底层逻辑是什么？新兴产业和未来产业未来10年新增规 模相当于再造一个中国高技术产业，意味着什么？人工智能（AI）出现8次，反映出怎样的导向？带着 这些关乎经济发展全局的关键问题，近日，《每日经济新闻》记者（以下简称NBD）专访了第十四届 全国政协委 员、中国社科院经济研究所原所长黄群慧。 黄群慧深耕产业经济领域多年，身兼国家制造强国建设战略咨询委员会委员，国务院反垄断委员会专家 咨询组成员等职，并连续担任"十四五""十五五"国家发展规划专家委员会委员，对中国产业发展的底层 逻辑与现实路径有着深刻洞察。 在采访中，他强调指出，在推动人工智能技术发展同时，不容忽视其就业替代与收入极化效应，技术创 新的社会影响必须纳入考量范围。 谈建设现代化产业体系：置于首位具有三大意义 NBD：与"十四五"规划建议相比，"十五五"规划建议把"建设现代化产业体系，巩固壮大实体经济根 基" ...

一是促进产业链协同创新。围绕集成电路设计、制造、封测、设备、材料等全产业链环节，加强资源整 合和优化配置，推动集成电路产业与人工智能、新能源、智能网联汽车等战略性新兴产业深度融合，拓 展应用场景，提升产业链价值。 二是持续营造良好产业环境。以企业为主体，引导产业优化布局，推动要素有序流动，市场深度融合， 加强知识产权保护和运用，营造市场化、法治化、国际化的一流营商环境。 第二十二届中国国际半导体博览会（IC China 2025）11月23日在北京国家会议中心开幕，工业和信息化 部总经济师高东升在致辞中表示，集成电路是信息社会的基石，是支撑现代经济社会发展的战略性、基 础性和先导性产业。工业和信息化部将从三方面推动集成电路产业高质量发展。 三是坚持开放合作。提升国际合作层次和水平，欢迎全球集成电路企业来华建设研发生产和运营中心， 共享中国超大规模市场带来的发展机遇，支持建立区域性合作平台，深化技术标准合作，共同制定全球 通用的行业标准。 ...