每经AI快讯，莱宝高科（SZ 002106，收盘价：12.08元）9月26日晚间发布公告称，2025年9月26日，深 圳莱宝高科技股份有限公司董事会收到董事、副总经理、董事会秘书王行村先生的《辞职报告》，王行 村先生因公司治理结构调整，提请辞去公司董事（非独立董事）职务，辞职后，仍在公司继续担任副总 经理、董事会秘书职务。其辞职自辞职报告送达董事会之日起生效。 截至发稿，莱宝高科市值为85亿元。 （记者 王晓波） 每经头条（nbdtoutiao）——5年增长33倍，这类新险种卖爆了，身边很多人都需要，30多家险企蜂拥而 入⋯⋯ 2025年1至6月份，莱宝高科的营业收入构成为：电子元器件占比98.37%，其他业务占比1.63%。 ...

上海雅创电子集团股份有限公司公告，2025年度预计为控股子公司提供30亿元担保额度，其中银行授信 业务25亿、业务履约5亿。近日，公司与厦门国际银行上海分行签《保证合同》，为全资子公司上海谭 慕900万元授信债务承担连带保证责任，该担保在股东会审议额度内。上海谭慕2024年度资产负债率 70%以下，担保后公司对70%以下负债率担保对象银行授信业务担保余额1.62亿，可用额度3.38亿。截 至公告日，公司及子公司银行授信业务担保余额5.98亿，占最近一期经审计归母净资产48.13%，无逾期 等异常担保情况。 ...

Core Viewpoint - The company is accelerating its layout in future industries such as low-altitude economy, low-orbit satellites, and humanoid robots, aligning with its development strategy and market demand [1] Summary by Relevant Categories Low-altitude Economy - The company has developed multiple signal chain and power management products that are already applied in drones and H-eVTOL (Hybrid Electric Vertical Takeoff and Landing) aircraft [1] Low-orbit Satellites - Over 30 products have completed relevant testing, with some passing customer verification, indicating readiness for satellite application environments [1] Humanoid Robots - The company is speeding up its layout in the humanoid robot sector, focusing on technologies such as magnetic encoders and intelligent servo controllers for motion control, with plans to advance development based on market demand [1]

格隆汇9月26日丨力源信息(300184.SZ)在投资者互动平台表示，目前公司为云汉芯城第三大股东。 ...

格隆汇9月26日丨力源信息(300184.SZ)在投资者互动平台表示，目前公司为云汉芯城第三大股东。 ...

Group 1 - The core point of the news is that Feirongda's stock price has dropped by 5%, currently trading at 32.48 CNY per share, with a total market capitalization of 18.899 billion CNY [1] - Feirongda Technology Co., Ltd. specializes in the research, design, production, and sales of electromagnetic shielding materials and thermal management materials, with its main business revenue composition being: thermal management materials and devices 39.94%, electromagnetic shielding materials and devices 28.83%, lightweight functional devices 27.97%, and others 3.26% [1] Group 2 - From the perspective of fund holdings, one fund under Caitong Securities Asset Management has a significant position in Feirongda, with the Caitong Asset Management CSI 1000 Index Enhanced A fund holding 17,300 shares, accounting for 3.3% of the fund's net value [2] - The Caitong Asset Management CSI 1000 Index Enhanced A fund has a total scale of 10.2815 million CNY and has achieved a year-to-date return of 20.96% [2]

Core Viewpoint - Feirongda experienced a 5% decline in stock price, closing at 32.48 yuan per share, with a trading volume of 9.82 billion yuan and a turnover rate of 7.46%, resulting in a total market capitalization of 188.99 billion yuan [1] Company Overview - Shenzhen Feirongda Technology Co., Ltd. is located in the Guangming District of Shenzhen, Guangdong Province, and was established on November 10, 1993, with its listing date on January 26, 2017 [1] - The company's main business involves the research, design, production, and sales of electromagnetic shielding materials and devices, as well as thermal management materials and devices [1] - The revenue composition of the main business includes: thermal management materials and devices (39.94%), electromagnetic shielding materials and devices (28.83%), lightweight and functional devices (27.97%), and others (3.26%) [1] Fund Holdings - According to data, one fund under Xinda Australia holds a significant position in Feirongda, specifically the Xinao Transformation Innovation Stock A (001105), which held 516,600 shares in the second quarter, accounting for 4.52% of the fund's net value, ranking as the seventh largest holding [2] - The fund has experienced a floating loss of approximately 883,400 yuan as of the report date [2] - The Xinao Transformation Innovation Stock A fund was established on April 15, 2015, with a current scale of 169 million yuan, and has achieved a year-to-date return of 60.96%, ranking 289 out of 4220 in its category [2]

Core Insights - The stock of Lingyi iTech has dropped by 5.09%, trading at 15.11 CNY per share with a total market capitalization of 105.89 billion CNY [1] Company Overview - Lingyi iTech, established on July 1, 1975, is located in Jiangmen City, Guangdong Province, and was listed on July 15, 2011. The company specializes in the production and sales of new electronic components, mobile phone, and computer accessories [1] - The revenue composition of Lingyi iTech is as follows: AI terminals account for 88.32%, other products for 6.68%, and automotive and low-altitude economy for 5.01% [1] Shareholder Information - The Huaxia Fund has a significant stake in Lingyi iTech, with the Huaxia CSI 300 ETF (510330) entering the top ten circulating shareholders in the second quarter, holding 26.104 million shares, which is 0.38% of the circulating shares. The estimated floating loss today is approximately 21.1442 million CNY [2] - The Huaxia CSI 300 ETF was established on December 25, 2012, with a latest scale of 196.701 billion CNY. Year-to-date returns are 19.32%, ranking 2812 out of 4220, while the one-year return is 38.32%, ranking 2375 out of 3824 [2] Fund Holdings - The Huaxia Pansheng Mixed Fund (LOF) (160324) holds 115,400 shares of Lingyi iTech, representing 1.47% of the fund's net value, making it the eighth-largest holding. The estimated floating loss today is about 93,500 CNY [3] - The Huaxia Pansheng Mixed Fund was established on May 31, 2017, with a latest scale of 67.417 million CNY. Year-to-date returns are 23.69%, ranking 4096 out of 8171, and the one-year return is 47.1%, ranking 3208 out of 8004 [3]

Summary of Conference Call Records Industry or Company Involved - The conference call discusses the **反内卷 (anti-involution) policy** in the context of the **Chinese economy** for the year **2025**. Core Points and Arguments 1. **Policy Focus and Tools**: The 2025 anti-involution policy emphasizes technical implementation, with ministries primarily using supply-side tools to stabilize prices, such as the Ministry of Industry and Information Technology (工信部) and the National Development and Reform Commission (发改委) stabilizing PPI (Producer Price Index) and CPI (Consumer Price Index) [1][2][4] 2. **Three Main Goals**: The policy has three main objectives: - Stabilize PPI year-on-year growth to prevent worsening corporate debt risks - Maintain positive year-on-year growth in CPI - Optimize the structure of emerging industries [4][12] 3. **Constraints on Policy Implementation**: The implementation of policies is constrained by two main factors: the lack of demand-side interventions and the relatively loose macroeconomic environment in China [5][16] 4. **Impact of Electricity Prices**: An increase in electricity prices by 10% can lead to a 1.9% increase in overall PPI, indicating that electricity prices are a significant driver of PPI [8][10] 5. **Industry Selection for Price Stabilization**: When selecting industries for price stabilization, factors such as industry price elasticity and their ability to influence PPI are crucial. Six key industries (coal mining, oil and gas extraction, energy refining, chemicals, steel, and non-ferrous metals) are identified as having significant influence [9][10] 6. **Challenges in Emerging Industry Capacity Governance**: Governance of emerging industries faces challenges such as coordination difficulties and the need for comprehensive efforts across various departments [15][17] 7. **Future Expectations**: The implementation of the anti-involution policy is expected to focus on price stabilization and capacity governance, with a gradual improvement in corporate profitability anticipated as macroeconomic reforms take effect [16][17][18] Other Important but Possibly Overlooked Content 1. **CPI Stability**: The stability of CPI is heavily reliant on stabilizing pork prices, with current strategies focusing on long-term price stabilization rather than immediate measures [12][14] 2. **PPI and CPI Growth Rates**: Current PPI and CPI growth rates are influenced by low base effects, with core CPI targets showing stability but some sub-items deviating from expected trends [13][14] 3. **Political Will and Policy Tools**: The effectiveness of PPI stabilization is not only dependent on technical measures but also on political will, with current policy efforts being more focused on price control rather than quantity control [11][16]

Core Points - Ampron announced the establishment of its subsidiary in Thailand, AMPRON TECHNOLOGY (THAILAND) CO., LTD., on September 24, 2025, with a registered capital of 230 million Thai Baht [1] - The company aims to build a sensor manufacturing base in Thailand, complying with local investment policies [1] - The ownership structure includes NEXA Sens Technology (Hong Kong) Limited holding 95% and TS MOLYMER COMPANY LIMITED holding 4.9999%, with two Thai individuals holding a combined 0.0001% [1] Company Structure - The registered capital of the Thai subsidiary is 230 million Thai Baht, with shares priced at 10 Thai Baht each [1] - NEXA Sens Technology (Hong Kong) Limited subscribed to 21,850,000 shares, while TS MOLYMER COMPANY LIMITED subscribed to 1,149,980 shares [1] - Two Thai natural persons, Miss Sunan Thongsong and Fs.3 Yoel Saengkhunthod, each subscribed to 10 shares, totaling 20 shares [1] Regulatory Compliance - The establishment of the company required at least two natural persons to jointly initiate the process, which is why the two Thai individuals are involved [1] - There are plans for the two Thai shareholders to transfer their combined 20 shares to TS MOLYMER COMPANY LIMITED, maintaining NEXA Sens Technology's 95% ownership [1]