1、美联储连续第三次按兵不动，鲍威尔重申不急降息，经济具有韧性 盘前要闻 2、特朗普政府拟修改拜登时代的 AI 芯片限制，隔夜美股英伟达涨超 3% 类型：行业 情绪影响：正面 据知情人士透露，特朗普政府计划取消拜登时代的人工智能芯片限制。美国商务部发言人表示，拜登的 人工智能规则过于复杂、官僚主义，我们将用一个简单得多的规则来取代它。受此消息提振，隔夜美股 英伟达涨超 3%。 3、公募基金重磅改革方案落地，强化基金公司与投资者的利益绑定 情绪影响：正面 证监会印发《推动公募基金高质量发展行动方案》，方案提出，对新设立的主动管理权益类基金大力推 行基于业绩比较基准的浮动管理费收取模式，合理调降公募基金的认申购费和销售服务费，要求基金公 司全面建立以基金投资收益为核心的考核体系。 4、中国 4 月外汇储备规模环比上升 1.27%，央行连续六个月增持黄金 类型：宏观 情绪影响：中性 美联储连续第三次按兵不动，符合市场预期，联邦基金利率目标区间维持在 4.25% 至 4.50%。鲍威尔对 降息持谨慎态度，他认为美国经济具有韧性，并且状况良好，并表示特朗普施压对我们履行职责没有任 何影响。 类型：市场 类型：宏观 情绪 ...

Market Overview - The main board saw significant gains with Tianyu Digital Science rising by 10.04%, Aerospace Changfeng by 10.03%, and Huasheng Tiancai by 10.00% [1] - The ChiNext board led with Dineike increasing by 20.02% and AVIC Chengfei by 17.05% [1] - The Sci-Tech Innovation board also performed well, with Weide Information and New Light Optoelectronics both increasing by over 20% [1] - Active sub-industries included SW Military Electronics III with a rise of 3.59% and SW Other Communication Equipment up by 1.94% [1] Domestic News - Beijing Zhijing Unknown Technology Co., Ltd. signed a strategic cooperation agreement with Xingchuang Shijie, launching a dual-brand product aimed at outdoor sports enthusiasts [1] - United Microelectronics Corporation reported progress on its N12 FinFET process technology platform in collaboration with Intel, expected to be completed by 2026 [1] - Hongshi Intelligent announced the successful production of a 120Wnits full-color MicroLED chip sample, with plans for mass production of 200Wnits chips by the second half of 2026 [1] - Hongmeng Zhixing reported a significant increase in pre-orders during the May Day holiday, achieving over 22,000 units compared to 11,000 units last year [1] Company Announcements - Megmeet Smart announced the repurchase of 568,500 shares, accounting for 0.22% of its total share capital [2] - Meixinsheng reported a total repurchase of 1,188,036 shares, representing 1.0652% of its total share capital [2] - Yuanjie Technology signed a significant sales order for high-power laser chips, valued at 61.8716 million RMB [2] - Longqi Technology has repurchased 5,607,208 shares, which is 1.21% of its total share capital [2] Semiconductor Industry Updates - A U.S. legislator plans to propose legislation to monitor the sale of AI chips by companies like NVIDIA, supported by bipartisan backing [3] - The Semiconductor Industry Association announced global semiconductor sales of $167.7 billion in Q1 2025, an 18.8% increase year-over-year [3] - Tata Electronics is negotiating with NXP Semiconductors to become a foundry supplier, with chip manufacturing expected to start in 2026 [3] - Japan's RIKEN announced plans to significantly enhance production capacity for phase difference film used in large LCD TVs [3]

Mergers and Acquisitions - Hainan Development plans to acquire 51% stake in Wangying Technology for 450 million yuan, with the target company being a leading e-commerce service provider that has established a comprehensive digital service system across all platforms and links [1] - Qingdao Beer intends to acquire 100% stake in Jimo Huangjiu to enhance industrial synergy and competitiveness, diversify product lines, and expand market channels for future growth opportunities [1] - Western Gold plans to cash purchase 100% stake in Xinjiang Meisheng Mining Co., which owns the Katabaasu gold-copper polymetallic mine project in Xinjiang [1] Share Buybacks and Increases - China Railway Industry's controlling shareholder, China Railway, plans to increase its stake in the company with an investment of 160 million to 300 million yuan [2] Investment Cooperation and Operational Status - Yuanjie Technology has signed a sales order for high-power laser chip products worth 61.8716 million yuan [3] - Hongchang Electronics' wholly-owned subsidiary has launched a project with an annual production capacity of 140,000 tons of liquid epoxy resin [3] - RiShang Group benefits from the U.S. withdrawal of the investigation into certain steel wheels from Vietnam, which is expected to alleviate customer concerns about origin and promote the recovery of export orders and future overseas business layout [3] - BenChuan Intelligent plans to issue convertible bonds to raise no more than 490 million yuan for the construction of smart circuit product production projects and to supplement working capital [3] - Zongheng Co., Ltd.'s wholly-owned subsidiary Chengdu Zongheng Dapeng Drone Technology Co., Ltd. has won a bid for the "Smart Bazhong" low-altitude digital economy unmanned system and supporting facilities construction project, with a bid amount of 106 million yuan [3] Performance Changes - BeiGene reported a turnaround in operating profit and total profit from loss to profit in the first quarter, with a net profit attributable to the parent company of -94.503 million yuan, a reduction in loss year-on-year, mainly due to sales growth of self-developed products Baiyueze® and Baizean® [5]

Group 1 - BeiGene reported a significant turnaround in its financial performance for Q1 2025, achieving total revenue of 8.048 billion yuan, a year-on-year increase of 50.2%, with product revenue reaching 7.985 billion yuan, up 49.9% [1] - The company transitioned from a loss to profitability, with a net profit attributable to the parent company of -94.503 million yuan, indicating a reduction in losses compared to the previous year, primarily driven by sales growth of self-developed products [1] Group 2 - Yuanjie Technology announced a sales order for high-power laser chip products amounting to 61.8716 million yuan, which is expected to positively impact the company's operating performance [2] Group 3 - Weide Information stated that it has not signed or is negotiating any significant contracts or new investment projects for industrial transformation, confirming normal operational conditions despite recent stock price fluctuations [3] Group 4 - Rishang Group received news that the U.S. Department of Commerce has revoked its investigation into steel wheels produced in Vietnam using Chinese components, which is expected to alleviate customer concerns and positively influence the company's export orders and future overseas business [4] Group 5 - Panga Micro透 announced plans for shareholders Sequoia Capital and Southern Precision to reduce their holdings by up to 7% of the company's total shares, with specific reductions of 2.8 million shares and 2.1 million shares respectively [5] Group 6 - Haohai Biology disclosed that its controlling shareholder, Jiang Wei, is under investigation for insider trading, although this matter is unrelated to the company's daily operations and is not expected to have a significant impact on the company [6] Group 7 - Qingdao Beer plans to acquire 100% equity of Jimo Yellow Wine for a total consideration of 666 million yuan, aiming to enhance industry synergy, competitiveness, and product diversification [7] Group 8 - Yonggui Electric announced that independent director Liu Jian has been detained by relevant supervisory authorities, but this matter does not pertain to the company, and other board members continue to perform their duties normally [8] Group 9 - Zhongchao Holdings reported that during a period of stock price volatility, its actual controller sold 0.11% of the company's shares, amounting to 1.53 million shares, while confirming that no shares were bought or sold by the controlling shareholder during this period [9] Group 10 - Changshan Pharmaceutical stated that its injection product, Aibennate, has not yet been launched for sale, and while the application for market approval is under review, there remains uncertainty regarding its approval and market competition [10] Group 11 - Zhi Yuan New Energy plans to repurchase between 1.5 million and 3 million shares of its stock, while Keda Guochuang has secured a commitment for a stock repurchase loan of up to 36 million yuan [11] - Xinya Technology's actual controller and major shareholder plan to reduce their holdings by a total of 327,000 shares [11] Group 12 - Jinguang Co. recently won bids for projects totaling 258 million yuan, while Zongheng Co.'s subsidiary secured a 106 million yuan project for a low-altitude digital economy unmanned system and supporting facilities [12]