每经AI快讯，ST联创（SZ 300343，收盘价：5.96元）12月29日晚间发布公告称，本激励计划拟授予的 激励对象总人数共计107人，采用的激励工具为限制性股票，涉及的标的股票来源为公司回购专用证券 账户回购的公司A 股普通股股票；拟向激励对象授予限制性股票总量合计1110.49万股，约占本激励计 划草案公告时公司股本总额约10.69亿股的1.04%；限制性股票的授予价格为每股3.5元，即满足归属条 件后，激励对象可以每股3.5元的价格购买公司向激励对象增发的公司A股普通股股票，有效期自限制性 股票授予之日起至激励对象获授的限制性股票全部归属或作废失效之日止，最长不超过36个月。 2025年1至6月份，ST联创的营业收入构成为：含氟新材料占比73.6%，聚氨酯新材料占比25.86%，互联 网板块占比0.54%。 截至发稿，ST联创市值为64亿元。 每经头条（nbdtoutiao）——绕开光刻机"卡脖子"，中国新型芯片问世！专访北大孙仲：支撑AI训练和 具身智能，可在28纳米及以上成熟工艺量产 （记者 曾健辉） ...

每经AI快讯，ST联创（SZ 300343，收盘价：5.96元）12月25日晚间发布公告称，公司第四届第三十次 董事会会议于2025年12月25日在公司会议室以现场和通讯相结合的方式召开。会议审议了《关于修订 < 独立董事年报工作制度> 的议案》等文件。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 （记者 贾运可） 2025年1至6月份，ST联创的营业收入构成为：含氟新材料占比73.6%，聚氨酯新材料占比25.86%，互联 网板块占比0.54%。 截至发稿，ST联创市值为64亿元。 ...

每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 （记者 王晓波） 2025年1至6月份，ST联创的营业收入构成为：含氟新材料占比73.6%，聚氨酯新材料占比25.86%，互联 网板块占比0.54%。 截至发稿，ST联创市值为67亿元。 每经AI快讯，ST联创（SZ 300343，收盘价：6.24元）11月28日晚间发布公告称，公司第四届第二十九 次董事会会议于2025年11月28日在公司会议室以现场和通讯相结合的方式召开。会议审议了《关于前期 会计差错更正及追溯调整的议案》等文件。 ...

Core Viewpoint - ST Lianchuang is a leading company in the polyurethane rigid foam composite ether industry, with a strong market position and technical advantages since its establishment in 2003 and listing in 2012 [1] Group 1: Business Performance - In Q3 2025, ST Lianchuang reported revenue of 690 million yuan, ranking 9th among 10 companies in the industry, with the industry leader, Juhua Co., achieving 20.394 billion yuan [2] - The revenue composition includes fluorine-containing new materials at 326 million yuan (73.60%), polyurethane new materials at 115 million yuan (25.86%), and others at 2.3792 million yuan (0.54%) [2] - The net profit for the same period was 17.1971 million yuan, also ranking 9th in the industry, with the top performer, Jumei Co., reporting 3.623 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, ST Lianchuang's debt-to-asset ratio was 19.84%, down from 20.41% year-on-year, significantly lower than the industry average of 40.15%, indicating good solvency [3] - The gross profit margin for the same period was 13.63%, an increase from 9.18% year-on-year, but still below the industry average of 23.64%, suggesting room for improvement in profitability [3] Group 3: Executive Compensation - The chairman, Li Hongpeng, received a salary of 714,300 yuan in 2024, an increase of 294,200 yuan from 2023 [4] - The president, Wang Xiandong, earned 796,800 yuan in 2024, up by 231,100 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.12% to 59,000, while the average number of circulating A-shares held per household increased by 2.17% to 18,100 [5]

Core Points - Zhejiang Wehua New Materials Co., Ltd. successfully raised a total of RMB 141,156.81 million through its initial public offering, with the funds fully received and verified by an accounting firm [1][2][3] - The company has established a dedicated account for the raised funds, ensuring that the funds are used strictly for their intended purposes, in compliance with relevant regulations [2][4] - As of June 30, 2025, the company has utilized RMB 70,081.10 million of the raised funds, with a remaining balance of RMB 28,791.23 million in the dedicated account [3][4][5] Fund Management - The company has signed tripartite supervision agreements with its underwriters and banks to ensure proper management of the raised funds [2][4] - The funds are stored in dedicated accounts at China Construction Bank, China Merchants Bank, and CITIC Bank [3][4] - The company has implemented a cash management plan for temporarily idle funds, allowing for investment in low-risk financial products, with a maximum of RMB 120,000.00 million allocated for such investments [4][5] Fund Usage - The actual use of raised funds for investment projects during the reporting period amounted to RMB 10,140.78 million [3][6] - The company has replaced RMB 47,916.27 million of self-raised funds used for investment projects with the raised funds, which has been approved by the board and verified by an accounting firm [3][6] - There were no instances of using idle funds for temporary working capital or any other unauthorized purposes during the reporting period [4][6] Project Status - The company has not made any changes to the planned investment projects during the reporting period [4][6] - All investment projects are currently in the construction phase, and there have been no significant changes in project feasibility [6]

Core Viewpoint - The company intends to utilize part of the temporarily idle raised funds for cash management to enhance the efficiency of fund usage and maximize shareholder benefits while ensuring the safety of the funds and not affecting the normal operation of the fundraising investment projects [6][8]. Fundraising Basic Information - The company successfully completed its initial public offering (IPO) of 86.34 million shares at a price of RMB 17.39 per share, raising a total of RMB 1,501.45 million. After deducting issuance costs of RMB 89.88 million, the net amount raised was RMB 1,411.57 million [1][2]. Fund Usage Status - As of June 30, 2025, the actual net amount raised was RMB 1,411.57 million, with RMB 700.81 million allocated to fundraising projects. The remaining balance in the special account for raised funds was RMB 287.91 million [3][4]. Cash Management Details - The company plans to use up to RMB 700 million of temporarily idle raised funds for cash management, focusing on safe and liquid products such as structured deposits and large certificates of deposit, with a maximum term of 12 months [7][9]. - The cash management will be conducted within a 12-month period from the board's approval date, allowing for rolling usage of the funds [6][9]. Decision-Making Process - The board of directors approved the cash management proposal on August 26, 2025, confirming that the decision falls within the board's authority and does not require shareholder approval [9][10]. Verification by Intermediary - The sponsoring institution, CITIC Securities, has verified that the company has followed necessary approval procedures for the cash management of idle funds and that the actions comply with relevant regulations, ensuring no change in the purpose of the raised funds [9][10].

IPO Pipeline Overview - As of August 24, there are 292 companies in the IPO pipeline, with 26 on the Shanghai Main Board, 37 on the Sci-Tech Innovation Board, 25 on the Shenzhen Main Board, 29 on the Growth Enterprise Market, and 175 on the Beijing Stock Exchange [2][3]. Newly Listed Companies - During the period from August 18 to August 24, two companies were newly listed: Shenyang Hongyuan Electromagnetic Wire Co., Ltd. on August 20 and Ningbo Nengzhiguang New Materials Technology Co., Ltd. on August 22, both on the Beijing Stock Exchange [4][5]. - Shenyang Hongyuan Electromagnetic Wire Co., Ltd. closed at 42.00 CNY per share, with a surge of 358.02% and a trading volume of 1.109 billion CNY [7]. - Ningbo Nengzhiguang New Materials Technology Co., Ltd. closed at 32.04 CNY per share, with a rise of 344.38% and a trading volume of 758 million CNY [8]. New Counseling Records - Five companies were newly registered for counseling from August 18 to August 24, including Guangdong Zhaoming Electronics Group Co., Ltd., Saiterwell Electronics Co., Ltd., Jiangsu Junhua Special Polymer Materials Co., Ltd., Shanghai Pushi Navigation Technology Co., Ltd., and Shanghai Kezhou Pharmaceuticals Co., Ltd. [9][10]. Registration Approvals - Three companies received registration approvals during the period: Chaoying Electronics Circuit Co., Ltd., Delijia Transmission Technology (Jiangsu) Co., Ltd., and Hebei Shichang Automotive Parts Co., Ltd. [14][15]. - Chaoying Electronics specializes in the R&D, production, and sales of printed circuit boards, with applications in various fields including automotive electronics and communication [15]. - Delijia focuses on high-speed heavy-duty precision gear transmission products, primarily for wind turbine applications [16]. - Hebei Shichang specializes in the R&D, production, and sales of automotive fuel systems, particularly plastic fuel tank assemblies [17]. Terminated Reviews - Two companies, Hubei Chuda Intelligent Equipment Co., Ltd. and Fujian Del Technology Co., Ltd., withdrew their IPO applications during the period [18][19]. - Hubei Chuda provides key equipment and intelligent system solutions for glass packaging and products [19]. - Fujian Del Technology focuses on the R&D, production, and sales of fluorine-based materials and is recognized as a national high-tech enterprise [21].

Group 1 - ST Lianchuang (SZ 300343, closing price: 5.49 yuan) announced on August 15 that its 26th meeting of the fourth board of directors was held on August 14, 2025, combining in-person and remote participation [2] - The meeting reviewed the proposal regarding the full and summary report for the first half of 2025 [2] - For the year 2024, ST Lianchuang's revenue composition was as follows: fluorine-containing new materials accounted for 71.34%, while polyurethane new materials accounted for 28.66% [2]

Group 1 - The core point of the article is that ST Lianchuang announced a share buyback plan, repurchasing approximately 12.1 million shares, which represents 1.13% of the total share capital, with a total expenditure of about 50.19 million yuan [2] Group 2 - As of July 31, 2025, the company has conducted the share buyback through a special securities account via centralized bidding, with the highest transaction price at 4.28 yuan per share and the lowest at 3.93 yuan per share [2] - For the fiscal year 2024, the revenue composition of ST Lianchuang is as follows: fluorine-containing new materials account for 71.34%, while polyurethane new materials account for 28.66% [2]

Core Viewpoint - The "Bay Chip Award" is a prestigious recognition in the semiconductor industry, focusing on the entire semiconductor supply chain, aiming to honor outstanding contributions in technology breakthroughs, product innovation, and ecosystem building [1][49]. Group 1: Award Overview - The Bay Chip Award is established by the Bay Area Semiconductor Industry Ecosystem Expo Committee, highlighting the achievements of domestic and international companies in the semiconductor sector [1][49]. - The award ceremony will take place on October 15, 2025, in Shenzhen, gathering top industry players to celebrate excellence [49][77]. Group 2: Participating Companies - As of July 23, 2025, 115 industry leaders have registered for the award, showcasing strong industry presence [1]. - Notable participating companies include: - Ningbo Jiangfeng Electronic Materials Co., Ltd., a leading supplier of ultra-pure materials for semiconductor manufacturing, achieving significant breakthroughs in technology and production [4]. - Suzhou Nordson Electronic Equipment Co., Ltd., part of Nordson Corporation, which generates over $2.1 billion in annual revenue and provides comprehensive testing and inspection solutions for semiconductor clients [6]. - Beijing Jingyi Automation Equipment Technology Co., Ltd., specializing in high-end semiconductor equipment, including temperature control and wafer handling devices [12]. Group 3: Industry Contributions - Companies like Tianjin Green Ling Gas Co., Ltd. have over 20 years of experience in producing high-purity electronic specialty gases, significantly contributing to the semiconductor manufacturing process [14]. - Shanghai Huanming Supply Chain Co., Ltd. focuses on integrated circuit supply chain services, establishing logistics centers across 17 cities to support the semiconductor industry [17]. - Shenzhen Anke Technology Co., Ltd. is recognized for its innovative semiconductor testing technology, enhancing testing efficiency and reducing costs for clients [24]. Group 4: Award Categories - The award includes several categories such as: - Enterprise Award, recognizing companies with core technologies and continuous innovation capabilities [53]. - Technology Innovation Award, honoring entities with leading technologies and significant industry impact [55]. - Industry Service Award, acknowledging contributions to the semiconductor supply chain and innovative financial services [59].