（来源：青岛金融） 12月9日至10日，由新华社品牌工作办公室、新华社广东分社、中国经济信息社联合主办的2025明珠湾气候投融资大 会在广州南沙成功举行。期间，第四届"新华信用金兰杯"可持续发展实践成果在"向海图强——激活蓝碳动能 助力海 洋经济高质量发展"分会议上发布。青岛西海岸新区海洋控股集团有限公司（以下简称"海控集团"）《以"耐心资本"引 领可持续的产业投资 推动构建资本和产业良性循环的发展格局》的实践成果，成功入围第四届"新华信用金兰杯"绿色 金融实践成果。 海控集团还通过设立绿色基金，引导社会资本投入绿色产业，助力产业绿色低碳发展。该集团及其子公司累计发起设 立并以有限合伙人（LP）身份参与投资的基金达18只，其中青岛海控产业投资基金、青岛海控贰号产业投资基金、青 岛海控联合产业投资基金等，重点布局环保产业领域。 海控集团的实践表明，以"耐心资本"引领可持续产业投资，能够有效推动资本与产业形成长期共生、良性互动的发展 格局。该模式不仅为企业与区域经济打下持续发展的动力基础，也为在"双碳"目标下推动高质量发展提供具有战略意 义和实践价值的参考路径。 来源：大众日报 （来源：青岛金融） 在蓝色经济与" ...

Group 1 - The core viewpoint of the news is that Dinglong Co., Ltd. has seen a significant stock price increase of 5.22%, reaching 36.30 CNY per share, with a total market capitalization of 34.369 billion CNY [1] - Dinglong Co., Ltd. is primarily engaged in the business of printing and copying consumables and optoelectronic semiconductor process materials, with 99.47% of its revenue coming from semiconductor materials, chips, and printing consumables [1] - The company was established on July 11, 2000, and went public on February 11, 2010, located in Wuhan, Hubei Province [1] Group 2 - In terms of fund holdings, Invesco Great Wall Fund has a significant position in Dinglong Co., with its Quantitative Selected Stock A fund holding 93,200 shares, representing 0.53% of the fund's net value [2] - The fund has achieved a year-to-date return of 29.92% and a one-year return of 22.77%, ranking 1808 out of 4216 and 1780 out of 3922 respectively in its category [2] - The fund manager, Li Haiwei, has a tenure of 12 years and 17 days, with the fund's total asset size at 8.207 billion CNY [3]

Group 1 - The 2025 Pujiang Innovation Forum emphasizes the importance of photonic technology as a significant opportunity in the semiconductor field, suggesting that China should quickly address its shortcomings in electronic chips while also investing in new areas like photonic chips to seize opportunities in the upcoming technological revolution [1] - The relationship between AI and photonic technology is characterized as a combination of "demand-driven" and "technology-pushed," with photonic technology being the only next-generation solution capable of providing ultra-high bandwidth and ultra-low power consumption, marking the beginning of the photonic golden age [1][2] - The "Mi 70 Law" posits that photonic technology will account for 70% of future industry costs, highlighting its critical role as an enabling technology in the new technological revolution represented by AI [2] Group 2 - Zhongke Chuangxing has invested in over 180 companies in the optoelectronic semiconductor field, covering various sub-sectors such as optical communication, optical sensing, optical computing, and optical materials, including companies like Yuanjie Technology and Xizhi Technology [2] - The integration of large models and embodied intelligence since 2025 has led to significant breakthroughs, enhancing the interaction of AI and robotics in the physical world, while also raising higher demands for computational efficiency, perception accuracy, and communication stability [2] - Zhongke Chuangxing's core strategy focuses on "Optics + AI," creating a targeted investment matrix that spans from the technology layer to decision-making and application layers, ensuring comprehensive coverage of the entire value chain [3] Group 3 - The establishment of a high-quality incubator in Shanghai by Zhongke Chuangxing aims to support technology incubation from the early stages, involving deep participation in team building, product development, and commercial operations, facilitating the entire process from project initiation to IPO [3]

Core Viewpoint - 聚灿光电 reported significant growth in revenue and profit for the first half of 2025, indicating a positive financial performance despite some declines in profit margins [1][2]. Financial Performance - The company's revenue for the first half of 2025 reached 1.594 billion yuan, a year-on-year increase of 19.51% [1]. - The net profit attributable to shareholders was 116.97 million yuan, up 3.43% from the previous year [1]. - The net profit excluding non-recurring items was 113.75 million yuan, reflecting an 8.12% increase year-on-year [1]. - Basic earnings per share remained stable at 0.17 yuan [1]. - The net cash flow from operating activities was 397.05 million yuan, a significant increase of 63.07% compared to the previous year [1]. Profitability Metrics - The gross margin for the first half of 2025 was 13.76%, a decrease of 0.84 percentage points year-on-year [2]. - The net profit margin was 7.34%, down 1.14 percentage points from the same period last year [2]. Expense Analysis - Total operating expenses for the first half of 2025 amounted to 77.37 million yuan, an increase of 16.17 million yuan compared to the previous year [2]. - The expense ratio was 4.85%, up 0.27 percentage points year-on-year [2]. - Sales expenses decreased by 2.78%, while management expenses increased by 16.90%, R&D expenses rose by 5.87%, and financial expenses surged by 38.15% [2]. Company Background - 聚灿光电 was established on April 8, 2010, and went public on October 16, 2017, focusing on the R&D, production, and sales of compound semiconductor materials [4]. - The company is located in Suzhou Industrial Park, Jiangsu Province [4].