随后，研学团转场前往深圳证券交易所上海中心参访交流。深交所上海中心总监李放瑜到场致辞，围绕 深市多层次资本市场的功能定位、服务创新型企业的核心抓手展开深度解读，为在场企业清晰勾勒出对 接深市资本资源的实践路径。上海中心高级经理叶思辰围绕资本市场趋势、深市IPO现状、上市审核流 程、企业需重点关注的事项以及深交所对浙江企业的服务支持等方面展开，系统解读了深市各板块的上 市规则框架与差异化定位，生动阐释了资本工具与企业初创、成长、成熟等不同发展阶段的适配逻辑， 让在场企业对如何精准借力资本市场实现跨越式发展有了更清晰的认知。互动交流环节，滨江企业代表 们结合自身在股权架构梳理、合规证明材料筹备等实际进程中遇到的困惑，与两位专家进行了一对一的 深度探讨，现场收获了兼具专业性与落地性的解决方案。 活动最后一日，研学团队先后前往华大半导体与至纯科技（603690），与两家企业高管开展深度座谈交 流。作为国内半导体领域的标杆企业，华大半导体围绕汽车电子、工业控制、物联网三大应用领域，重 点布局控制芯片、功率半导体、高端模拟芯片和安全芯片等，形成了竞争力强劲的产品矩阵及全面的解 决方案；至纯科技则深耕半导体制造领域的湿法工 ...

12月23日，飞天诚信盘中下跌2.02%，截至10:20，报15.97元/股，成交3746.76万元，换手率0.93%，总 市值66.76亿元。 分红方面，飞天诚信A股上市后累计派现2.23亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，飞天诚信十大流通股东中，华宝中证金融科技主题ETF （159851）位居第五大流通股东，持股356.35万股，相比上期增加165.93万股。香港中央结算有限公司 位居第九大流通股东，持股108.08万股，为新进股东。 责任编辑：小浪快报 资料显示，飞天诚信科技股份有限公司位于北京市海淀区学清路9号汇智大厦B楼17层，成立日期1998 年6月16日，上市日期2014年6月26日，公司主营业务涉及以身份认证为核心的信息安全产品的研发、生 产、销售和服务。主营业务收入构成为：智能终端45.75%，身份认证产品40.97%，安全芯片13.10%， 其他(补充)0.19%。 飞天诚信所属申万行业为：计算机-计算机设备-其他计算机设备。所属概念板块包括：数字货币、电子 支付、国产软件、移动支付、华为鲲鹏等。 截至11月28日，飞天诚信股东户数4.19万，较上期 ...

12月23日，大唐电信盘中下跌2.07%，截至10:19，报8.97元/股，成交1.66亿元，换手率1.41%，总市值 116.93亿元。 机构持仓方面，截止2025年9月30日，大唐电信十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股858.85万股，相比上期增加537.76万股。国泰中证全指通信设备ETF（515880）位居第七 大流通股东，持股394.32万股，为新进股东。 责任编辑：小浪快报 分红方面，大唐电信A股上市后累计派现1.35亿元。近三年，累计派现0.00元。 大唐电信今年以来股价涨3.94%，近5个交易日跌5.18%，近20日涨4.67%，近60日涨7.17%。 今年以来大唐电信已经1次登上龙虎榜，最近一次登上龙虎榜为2月21日，当日龙虎榜净买入-6191.17万 元；买入总计1.15亿元 ，占总成交额比17.11%；卖出总计1.77亿元 ，占总成交额比26.28%。 大唐电信所属申万行业为：通信-通信设备-通信终端及配件。所属概念板块包括：北斗导航、商业航天 （航天航空）、军工信息化、5G、无人驾驶等。 截至9月30日，大唐电信股东户数10.62万，较上期减少14.24%； ...

Group 1 - The core viewpoint of the news is that Unisoc's subsidiary, Beijing Jingyuan Yufeng Optical Electronic Devices Co., Ltd., has established a new company, Ruishi Te (Chongqing) Microelectronics Co., Ltd., to enter the integrated circuit chip manufacturing and design business [1][3] - Ruishi Te Microelectronics has a registered capital of 40 million yuan and its business scope includes integrated circuit chip manufacturing, design, and semiconductor discrete device manufacturing [3] - Unisoc's main business focuses on integrated circuit chips and products, covering security chips, special integrated circuits, memory chips, and FPGAs, with applications in information security, communication, industrial control, and automotive electronics [3] Group 2 - The establishment of Ruishi Te Microelectronics is seen as an extension of Unisoc's efforts in chip manufacturing and design collaboration, aligning with national policies on the integrated circuit industry [3] - The demand for high-performance integrated circuit design and manufacturing capabilities is increasing domestically due to the growth in AI computing power, automotive electronics, and IoT terminals [3] - The establishment of specialized subsidiaries by chip companies is becoming a key strategy to enhance supply chain resilience and strengthen technical and customer collaboration within regional industrial clusters [3]

Core Viewpoint - 大唐电信's stock has shown mixed performance in 2023, with a slight year-to-date decline but recent short-term gains, indicating potential volatility in the market [1][2]. Company Overview - 大唐电信, established on September 21, 1998, and listed on October 21, 1998, is based in Haidian District, Beijing. The company specializes in the development, production, sales, and integration of various communication network systems, terminals, software, and microelectronics [1]. - The main revenue sources for 大唐电信 are security chips (77.71%), special communications (17.59%), and other products (4.69%) [1]. Financial Performance - For the period from January to September 2025, 大唐电信 reported a revenue of 557 million yuan, reflecting a year-on-year growth of 22.63%. However, the company experienced a net loss attributable to shareholders of 49.58 million yuan, which is an increase in loss by 45.25% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 135 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for 大唐电信 was 106,200, a decrease of 14.24% from the previous period. The average number of circulating shares per person increased by 16.60% to 12,264 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 8.59 million shares, an increase of 5.38 million shares from the previous period, and Guotai CSI All-Index Communication Equipment ETF, which is a new shareholder with 3.94 million shares [3]. Market Activity - On December 1, 2023, 大唐电信's stock price increased by 2.02% to 8.60 yuan per share, with a trading volume of 73.68 million yuan and a turnover rate of 0.67%. The total market capitalization reached 11.21 billion yuan [1]. - The stock has seen a year-to-date decline of 0.35%, with a 5-day increase of 0.58%, a 20-day increase of 2.75%, and a 60-day decline of 7.63% [1].

Group 1 - The core point of the news is that Datang Telecom's stock price increased by 5.1%, reaching 8.65 CNY per share, with a total market capitalization of 11.276 billion CNY [1] - Datang Telecom, established on September 21, 1998, primarily engages in the development, production, and sales of various communication network systems, terminals, software, and microelectronics [1] - The company's main business revenue composition includes 77.71% from security chips, 17.59% from special communications, and 4.69% from other sources [1] Group 2 - Datang Telecom's top circulating shareholder is a fund under Guotai Fund, specifically the Guotai CSI All-Share Communication Equipment ETF (515880), which entered the top ten circulating shareholders in Q3 with 3.9432 million shares, accounting for 0.3% of circulating shares [2] - The Guotai CSI All-Share Communication Equipment ETF has a current scale of 11.552 billion CNY and has achieved a year-to-date return of 90.4%, ranking 1st among 4208 peers [2] - The fund has a one-year return of 84.59%, ranking 7th among 3972 peers, and a cumulative return since inception of 159.57% [2]

Core Viewpoint - Guomian Technology's stock rose by 5.19% to 22.72 CNY per share, with a trading volume of 384 million CNY and a turnover rate of 3.09%, resulting in a total market capitalization of 13.249 billion CNY [1] Company Overview - Guomian Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on March 20, 2000, with its listing date on April 30, 2010 [1] - The company's main business involves the development and sales of security chips and communication chip products and solutions [1] - Revenue composition includes integrated circuits and key components at 50.98%, anode materials at 46.02%, and other supplementary sources at 3.00% [1] Shareholder Information - Among the top ten circulating shareholders of Guomian Technology, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 53,800 shares in the third quarter, now holding 5.335 million shares, which accounts for 0.94% of circulating shares [2] - The estimated floating profit from this position is approximately 5.9752 million CNY [2] Fund Manager Details - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 7 years and 13 days [3] - The total asset size of the fund is 122.76 billion CNY, with the best fund return during the tenure being 181.49% and the worst being -15.93% [3]

Core Viewpoint - The company, Unisoc, has made significant progress in its automotive electronics business, particularly in the production of safety chips, which are now being mass-produced for several leading Tier 1 suppliers and OEMs [1][3]. Group 1: Automotive Electronics Business Progress - The company reported that its annual shipment volume for safety chips has reached several million units, covering multiple mass-production models from various automakers [1]. - The automotive electronic chips are primarily focused on two categories: safety chips and domain control chips, with safety chips emphasizing vehicle identity authentication, data security, and functional safety [3]. - The company is experiencing accelerated customer onboarding, leading to stable volume growth for related products [3]. Group 2: Domain Control Chips - The domain control chips are mainly applied in critical areas such as power and chassis, where safety requirements are extremely high, and the industry adoption cycle is lengthy with stringent OEM certification standards [3]. - The company is advancing verification and customer-side adaptation according to automotive regulations, focusing on computing power, interfaces, and safety mechanisms for continuous iteration [3]. Group 3: Industry Trends and Strategic Focus - The domestic automotive industry's international expansion and the increasing penetration of intelligent connected vehicles are driving close communication between customers and the company regarding chip upgrades in product forms and usage [3]. - The company aims to enhance its product matrix in line with automakers' platform needs and ensure long-term supply capabilities through quality systems and supply chain management [3]. - The industry trend indicates that domestic substitution is a crucial direction for automotive electronic chips, with the company prepared in technology research and customer certification, focusing on functional safety, information security, and reliability to seize structural opportunities brought by smart electrification [3].

Core Viewpoint - 大唐电信 reported significant revenue growth in Q3 2025, driven primarily by its security chip business, although it still faced a net loss for the first three quarters of the year [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 557 million yuan, a year-on-year increase of 22.63% [1]. - In Q3 2025, revenue reached 282 million yuan, marking a substantial year-on-year increase of 66.16% [2]. - The net profit attributable to shareholders in Q3 turned positive at 31.59 million yuan, compared to a loss of 28.74 million yuan in the same period last year [1][2]. - The main business segments included security chips generating 214 million yuan (77.71% of total revenue), special communications at 48.41 million yuan (17.59%), and other businesses at 12.92 million yuan (4.69%) [1]. Business Structure and Strategy - 大唐电信 has established a comprehensive industry layout focusing on "security chips + special communications" [3]. - The security chip business targets niche markets such as card security, identity recognition, financial payment, IoT security, and high-reliability applications [3]. - The special communications segment includes dedicated mobile communications, broadband radio stations, and information technology for the new energy sector [3]. Legal and Financial Concerns - The company is currently involved in an arbitration case with Qualcomm (China) Holdings, with a claim amounting to approximately 120 million yuan [3][6]. - The arbitration stems from a joint venture agreement where Qualcomm alleges that a subsidiary of 大唐电信 failed to meet performance targets, leading to unfulfilled capital contributions [4][5]. - The company asserts that any potential liabilities from the arbitration should be borne by its subsidiary and its controlling shareholder, thus not significantly impacting its financials [6].

Core Viewpoint - Feitian Technology is a leading provider of information security products and services in China, specializing in identity authentication with strong technical advantages [1] Group 1: Business Performance - In Q3 2025, Feitian Technology reported revenue of 520 million yuan, ranking 36th in the industry, significantly lower than the top competitor, Inspur Information, which had 120.669 billion yuan [2] - The company's net profit was 10.3509 million yuan, also ranking 36th, far below the industry leader's net profit of 1.489 billion yuan [2] - The main business segments include smart terminals (148 million yuan, 45.75%), identity authentication products (133 million yuan, 40.97%), and security chips (42.4775 million yuan, 13.10%) [2] Group 2: Financial Health - As of Q3 2025, Feitian Technology's debt-to-asset ratio was 9.38%, lower than the industry average of 34.38%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 40.31%, higher than the industry average of 34.46%, reflecting strong profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.71% to 43,500, while the average number of circulating A-shares held per account increased by 1.74% to 5,762.56 [5] - Among the top ten circulating shareholders, Huabao Zhongzheng Financial Technology Theme ETF ranked fifth, increasing its holdings by 1.6593 million shares [5]