中芯国际终止出售中芯宁波股权公告要点 交易背景 原交易方案：2025年6月5日，中芯国际全资子公司中芯控股与国科微(300672.SZ)签署协议，国科微拟 通过发行股份及支付现金方式收购中芯宁波94.366%股权 中芯控股出售标的：持有的中芯宁波14.832%股权 终止情况 影响评估 终止时间：2025年11月28日各方签署终止协议 终止原因：交易相关事项无法在预计时间内达成一致 股权现状：交易终止后，中芯控股仍持有中芯宁波14.832%股权 经营影响：不影响公司正常生产经营 财务影响：不会对公司财务状况产生重大影响 股东权益：不存在损害公司及中小股东利益情形 ...

Core Viewpoint - The article discusses the tax incentives for integrated circuit manufacturing enterprises, particularly focusing on accelerated depreciation methods for fixed assets, which can significantly impact financial performance and investment decisions in the sector [6][12]. Summary by Sections Tax Incentives for Integrated Circuit Enterprises - Integrated circuit manufacturing enterprises can shorten the depreciation period of production equipment to a minimum of 3 years due to technological advancements [6]. - The eligibility criteria for these enterprises include having a workforce with at least 40% holding a college degree or higher, and 20% of that being R&D personnel [6]. Depreciation Methods - Enterprises can choose to accelerate depreciation through methods such as double declining balance or sum-of-years-digits, with the minimum depreciation period not falling below 60% of the standard [15][19]. - For software purchased by enterprises that meet fixed asset or intangible asset recognition criteria, the amortization period can also be shortened to a minimum of 2 years [6]. Application and Documentation - Enterprises must submit monthly, quarterly, and annual tax filings to benefit from these incentives, with necessary documentation retained for verification [20][21]. - The application process can be conducted through electronic tax services or in-person at tax service halls [9]. Policy Background - The tax incentives are based on several regulations, including the Corporate Income Tax Law and specific notices from the Ministry of Finance and the State Administration of Taxation aimed at promoting the software and integrated circuit industries [10]. Case Example - A qualifying integrated circuit manufacturing enterprise purchased a new production device worth 6 million yuan in June 2023 and opted for a 3-year accelerated depreciation, allowing for a tax deduction of 1 million yuan for that year [12]. Industry Scope - The accelerated depreciation policy applies to all manufacturing sectors, including biopharmaceuticals, specialized equipment manufacturing, and information technology services, among others [13][15].

Core Insights - The profits of large-scale industrial enterprises in China increased by 1.9% year-on-year from January to October, marking three consecutive months of growth since August [1] - The equipment manufacturing industry is the main driver of profit growth, accounting for 38.5% of total profits among large-scale industrial enterprises [1] - High-tech manufacturing sectors, particularly smart unmanned aerial vehicle (UAV) manufacturing, smart vehicle equipment manufacturing, integrated circuit manufacturing, and electronic materials manufacturing, saw significant profit increases of 116.1%, 114.9%, 89.2%, and 86.0% respectively [1][2] Equipment Manufacturing Industry - The equipment manufacturing industry experienced a profit growth of 7.8% year-on-year in the first ten months, contributing 2.8 percentage points to the overall profit growth of large-scale industrial enterprises [2] - Among the eight major categories in the equipment manufacturing sector, seven reported year-on-year profit growth, with railways, shipping, aerospace, and electronics achieving double-digit growth rates of 32.0% and 12.8% respectively [2] High-Tech Manufacturing Industry - The high-tech manufacturing sector's profits grew by 8.0% year-on-year, surpassing the average growth rate of all large-scale industrial enterprises by 6.1 percentage points [2] - The smart vehicle equipment and integrated circuit sectors are positioned to benefit from a confluence of policy, technology, and production capacity advantages, with expected growth momentum lasting 12 to 18 months [2] Smart UAV Manufacturing - The smart UAV manufacturing industry saw a profit increase of 116.1% year-on-year, entering a new phase characterized by the opening of airspace, continuous cost reductions, and rapid application scenario development [3] - The Chinese civil UAV market is projected to reach a scale of 127.786 billion yuan by 2025, with flight hours expected to reach 19.841 million by the third quarter of 2025 [3] - The overlap between the UAV and smart automotive supply chains exceeds 60%, driving down overall costs through the large-scale application of automotive-grade chips and sensors [3] Traditional Industries - In traditional industries, profits from the manufacturing of graphite and carbon products, biochemical pesticides, and bio-based chemical fibers increased by 77.7%, 73.4%, and 61.2% respectively from January to October [4]

Core Points - Semiconductor Manufacturing International Corporation (SMIC) announced the issuance of 10,000 shares on November 21, 2025, under the 2014 Share Option Plan adopted on June 13, 2013 [1] - On November 25, 2025, 56,800 ordinary shares were issued as a result of the exercise of restricted stock units granted under the 2014 Share Incentive Plan adopted on June 13, 2013 by non-director employees of the company [1]

Core Viewpoint - SMIC's stock performance shows slight increase with a trading volume of 4.584 billion yuan and a market capitalization of 893.45 billion yuan, indicating its popularity in the A-share market [1] Group 1: Company Overview - SMIC is the largest integrated circuit manufacturing enterprise group in mainland China, recognized for its advanced technology and comprehensive support [2] - The company specializes in integrated circuit wafer foundry services, design services, IP support, and photomask manufacturing, with wafer foundry services accounting for 93.83% of its revenue [6] - As of September 30, 2025, SMIC reported a revenue of 49.51 billion yuan, representing a year-on-year growth of 18.22%, and a net profit of 3.818 billion yuan, up 41.09% year-on-year [6] Group 2: Investment and Shareholding - The National Integrated Circuit Industry Investment Fund holds a 1.61% stake in SMIC, reflecting government support for the company [2] - As of September 30, 2025, the number of shareholders in SMIC increased to 336,200, with an average of 6,134 shares held per shareholder [6] - Major shareholders have reduced their holdings, with significant decreases noted in several ETFs, indicating a shift in institutional investment [7] Group 3: Market Position and Trends - SMIC ranks second globally among pure wafer foundry companies and first among mainland Chinese enterprises based on the latest sales figures for 2024 [2] - The company is part of the China AI 50 index, which focuses on AI-related capabilities and performance metrics [2] - The average trading cost of SMIC shares is 123.25 yuan, with current price fluctuations between resistance at 119.22 yuan and support at 99.98 yuan, suggesting potential trading strategies [5]

Core Viewpoint - Saiwei Electronics has shown significant stock performance with a year-to-date increase of 108.67%, driven by strong trading activity and financial results [1][2]. Company Overview - Saiwei Electronics, established on May 15, 2008, and listed on May 14, 2015, is located in Beijing and specializes in MEMS process development, wafer manufacturing, GaN epitaxial material growth, and chip design [1]. - The company's revenue composition includes 54.30% from MEMS wafer manufacturing, 39.14% from MEMS process development, 4.90% from other sources, and 1.67% from semiconductor equipment [1]. Financial Performance - For the period from January to September 2025, Saiwei Electronics reported a revenue of 682 million yuan, a year-on-year decrease of 17.37%, while the net profit attributable to shareholders increased significantly by 1438.05% to 1.576 billion yuan [2]. - The company has distributed a total of 155 million yuan in dividends since its A-share listing, with 25.6275 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 15.65% to 76,200, with an average of 7,843 shares held per shareholder, a decrease of 13.54% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, increasing its holdings by 10.7596 million shares to 21.0304 million shares [3].

Core Insights - The latest data from the National Taxation Administration indicates that in October, China's new productivity continued to grow, with high-end manufacturing, innovative industries, and the integration of digital and physical sectors all showing robust growth, injecting new vitality into economic development [1] Group 1: High-end Manufacturing - In October, the sales revenue of the equipment manufacturing industry increased by 7.3% year-on-year, consistently outperforming the average level of the manufacturing sector this year [1] - Specific sectors such as computer and communication equipment manufacturing, shipbuilding and related equipment manufacturing, and battery manufacturing saw sales revenue growth of 10.1%, 24.4%, and 27.2% respectively, demonstrating strong development momentum [1] Group 2: Innovative Industries - The sales revenue of high-tech industries grew by 13.6% year-on-year in October [1] - High-tech service industries experienced a sales revenue increase of 16.1%, while high-tech manufacturing saw a 10.1% rise [1] - Notable growth was observed in integrated circuits, industrial robots, and drone manufacturing, with sales revenue increasing by 32.5%, 41.7%, and 38.4% respectively [1] Group 3: Digital and Physical Integration - The sales revenue of core digital economy industries rose by 8.5% year-on-year in October [1] - Digital product services and digital technology application industries reported sales revenue growth of 10.2% and 13.1% respectively [1] - The digital content and media industry showed significant growth, with sales revenue increasing by 15.2% year-on-year [1]

记者11月24日从国家税务总局获悉，从最新增值税发票数据看，2025年10月，我国新质生产力持续 培育壮大，高端制造、创新产业、数实融合三大领域均呈现稳健增长态势，为经济发展持续注入新活 力。 在数实融合领域，最新增值税发票数据显示，10月份，数字经济核心产业销售收入同比增长 8.5%，全国企业采购数字技术金额同比增长9.6%，反映数字产业化和产业数字化持续推进。其中，数 字产品服务业、数字技术应用业销售收入同比分别增长10.2%和13.1%；数字消费拉动作用明显，数字 内容与媒体业销售收入同比增长15.2%。 中国人民大学财政金融学院教授朱青认为，10月份新质生产力相关领域的税收数据，直观展现了我 国产业结构升级与经济发展方式转型成效。尤其是"人工智能+"行动带动前沿产业持续增长，数字技术 与实体经济深度融合，为经济高质量发展提供了强劲且可持续的动力，彰显了我国经济转型升级的坚实 基础与广阔空间。（记者刘开雄） 【纠错】 【责任编辑:王雪】 在高端制造方面，最新增值税发票数据显示，10月份，装备制造业销售收入同比增长7.3%，今年 以来持续高于制造业平均水平，占制造业比重已近半。其中，计算机通信设备制造业、 ...

在此之前的10月14日，工业和信息化部副部长辛国斌主持召开部分省份工业经济运行工作座谈会。会议提到，持续推动产业结构优化，加强重点行业产能治 理，加快人工智能赋能应用，推动制造业高端化、智能化、绿色化发展。 国家税务总局发布的最新增值税发票数据显示，10月份，我国新质生产力持续培育壮大，高技术制造业动能强劲。 数据显示，10月，高技术产业销售收入同比增长13.6%，延续较快增长。其中，高技术服务业、高技术制造业销售收入同比均保持两位数以上增长。特别是 随着"人工智能+"行动加快落地，集成电路、工业机器人、无人机制造销售收入同比分别增长32.5%、41.7%和38.4%。 另外，数据提到，10月，高端制造持续发力装备制造业销售收入同比增长7.3%，今年以来持续高于制造业平均水平，占制造业比重已近一半。其中，计算 机通信设备制造业、船舶及相关装置制造业、电池制造业销售收入同比分别增长10.1%、24.4%和27.2%，展现强劲发展势头。 高端装备制造业处于产业链核心环节，决定整个制造业产业链的综合竞争力。最近一段时间，部委和地方聚焦发展高端装备制造业持续释放政策红利。 11月18日，工业和信息化部办公厅印发《高标 ...

新华财经北京11月24日电（记者董道勇）国家税务总局公布的最新增值税发票数据显示，2025年10月， 我国新质生产力持续培育壮大，高端制造、创新产业、数实融合三大领域均呈现稳健增长态势，为经济 发展持续注入新活力。 ——数实融合不断突破。10月份，数字经济核心产业销售收入同比增长8.5%，全国企业采购数字技术 金额同比增长9.6%，反映数字产业化和产业数字化持续推进。其中，数字产品服务业、数字技术应用 业销售收入同比分别增长10.2%和13.1%；数字消费拉动作用明显，数字内容与媒体业销售收入同比增 长15.2%。 中国人民大学财政金融学院教授朱青认为，10月份新质生产力相关领域的税收数据，直观展现了我国产 业结构升级与经济发展方式转型成效。尤其是"人工智能+"行动带动前沿产业持续增长，数字技术与实 体经济深度融合，为经济高质量发展提供了强劲且可持续的动力，彰显了我国经济转型升级的坚实基础 与广阔空间。 （文章来源：新华财经） ——高端制造持续发力。10月份，装备制造业销售收入同比增长7.3%，今年以来持续高于制造业平均 水平，占制造业比重已近半。其中，计算机通信设备制造业、船舶及相关装置制造业、电池制造业销 ...