公司动态 1月7日晚间，成都振芯科技股份有限公司（证券代码：300101.SZ）发布公告称，其控股子公司成都国星通信有限公司因在2020年某采购项目中存在串通投 标等违规行为，被西部战区联合参谋部直属工作局决定自2026年1月6日起三年内禁止参与西部战区（包括机关及直属单位）的物资、工程及服务采购活动。 据公告显示，此次处罚源于国星通信在项目编号为2020-ZCWDDK-W1002的采购过程中被查出存在违规行为。尽管该事件对公司声誉造成了一定影响，但振 芯科技强调，近五年来国星通信与西部战区并无业务往来，最后一次合作发生在2020年，合同金额仅为98.95万元，仅占当年公司营收的0.17%，因此预计此 次处罚不会对公司的实际运营产生重大影响。 然而，公司长期存在的治理问题已成为制约其稳定发展的关键因素。早在2010年上市时，公司控股股东为国腾电子，其股东为何燕（持股51%）、莫晓宇 （持股28%）、徐进（持股7%）、谢俊（持股7%）、柏杰（持股7%）。2016年10月，何燕因挪用资金罪和虚开发票罪被判有期徒刑五年，随后管理层提起 诉讼要求解散国腾电子，双方矛盾公开化。 2024年12月，成都中院终审判决驳回了 ...

新华财经成都1月5日电（胡玉婷） 有"卫星导航第一股"之称的成都振芯科技股份有限公司（以下简 称"振芯科技"）的"控制权之争"再度激化。近日，振芯科技发布了一封《致振芯科技全体股东的公开 信》，由董事长谢俊、副董事长徐进、董事柏杰联合署名，这表明该公司实控人与管理层团队董事会之 间的矛盾依然难解，而对于2025年业绩刚有"起色"的振芯科技而言，无异于新年开年的当头一棒。 双方矛盾公开化已超七年 公开信息显示，2010年8月，振芯科技（原证券简称"国腾电子"）在创业板上市。在最初的股权结构 中，国腾电子是振芯科技的控股股东，上市前持有振芯科技51.23%股权。国腾电子的股东为五名自然 人，分别为何燕（持股51%）、莫晓宇（持股28%）、徐进（持股7%）、谢俊（持股7%）、柏杰（持 股7%）。 从2013年开始，双方逐渐分为两大阵营，一大阵营为莫晓宇、徐进、谢俊、柏杰等管理层股东，另一阵 营为投资人股东何燕。分裂始于何燕卷入一起刑事案件，影响了公司业务发展，且双方多轮沟通后又无 法达成一致的协商意见，进而演变为双方开始围绕国腾电子的存续问题展开博弈。 2013年6月，何燕因涉嫌非法经营被采取刑事强制措施，2014 ...

Financing Activities - Chunfeng Huayu completed several hundred million RMB Series A financing, led by Shunxi Fund and Qiming Venture Partners, to enhance technology iteration and global market expansion in spinal surgery robotics [2] - Suzhou Yixin Semiconductor announced strategic financing to expand Micro-LED packaging chip capacity, focusing on full-color Micro-LED chip products [2] - Suzhou Xizhi Technology completed 250 million RMB Pre-A financing, aimed at new product development and facility expansion in the wide bandgap semiconductor sector [2] - Yufeng Future secured a new round of financing in the hundreds of millions, led by Hangtou Fund, to advance testing and certification of its large electric vertical takeoff and landing aircraft [3] - Lingtai Biopharmaceutical completed over 200 million RMB Series B financing, led by Hankan Capital, to accelerate clinical development of its core products [3] - Qianjue Technology raised nearly 100 million RMB in Pre-A++ financing to enhance brain-like architecture development and global commercialization [4] - Arc Light Quantum completed several million RMB Series A financing, exclusively funded by Beijing Information Industry Development Investment Fund [4] - Nuo Yiteng Robotics completed Pre-A+ financing to enhance data collection and processing capabilities for embodied intelligence [6] - Weihe Biotechnology announced seed round financing to build a research platform for synthetic biological manufacturing [6] - Chip Bida completed a new round of financing to promote market penetration and next-generation automotive chip development [6] - Baiming Xinkang raised over 300 million RMB in D+ round financing to advance global clinical trials and internationalization of its product pipeline [7] - Shuo Cheng Technology completed over 100 million RMB D round financing to support AI model iteration and market expansion [8] - Xino Future secured over 100 million RMB angel round financing, led by CATL Capital and Xiaomi, to accelerate product development and mass production [8] - Elliptical Space completed several hundred million RMB C1 round financing to advance its core strategic project "Star Pool Plan" [9] - DeepSense Technology completed over 800 million RMB C round financing to enhance its scientific discovery intelligent engine and expand market applications [9] Fund Establishments - The first commercial aerospace socialized special fund, "Leading Innovation Commercial Aerospace Alliance Science and Technology Fund," was established with an initial scale of 2 billion RMB [11] - Chengdu High-tech Zone established a venture capital fund with a contribution of 3 billion RMB [11] - The Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund was registered with a contribution of 45.05 billion RMB [12] - Shanghai Jiao Tong University launched the second phase of its future industry mother fund, targeting a scale of 1 billion RMB [12] - A low-altitude industry venture capital fund was established in Fuzhou with a contribution of 500 million RMB [12] - Zhejiang Province established a science and technology innovation direct investment partnership with a contribution of approximately 8.08 billion RMB [14] - Fujian (Xiamen) Social Security Science and Technology Innovation Fund was established with a contribution of 20 billion RMB [14] - A space and marine industry development fund was established in Hunan with a contribution of 3 billion RMB [14]

编辑：N 为什么说不卖就不卖了？ 11月底，意大利北部的工厂里，机器依然轰鸣，订单排到了明年夏天，可这里的主人已经换了。 东方精工把Fosber集团，连同它那200多项工业4.0专利，一起打包卖给了美国博枫，价格是63亿人民 币。 这笔账，怎么看都像是亏了，你想想，这可是贡献了公司三分之二营收的印钞机啊。 前言 说实话，看到东方精工把年赚76.4%增长的"现金牛"卖了，第一反应也是：疯了吧？ 可这背后，是一位佛山老板冷酷的算盘，当荷兰动用冷战法案打压中国芯片公司，他看到的不再是利润 表，而是一张巨大的风险表。 为何好资产成了烫手山芋？欧洲的明天会怎样？ 净利润去年还暴涨了76.4%，北美市场一半以上的高端设备都源自这里，说不要就不要了？ 可那位神秘的佛山老板，却表现得异常冷静，甚至可以说是冷酷，在他的算盘上，这笔买卖划得来。 要理解这份冷静，得回到十年前，2014年，东方精工花了7400万欧元，第一次买下了Fosber的部分股 权。 那在当时，可是一桩漂亮的"蛇吞象"，央视都专门报道了，说这是中欧制造业合作的典范。 十年间，东方精工一步步增持，最终实现了100%控股，把这家欧洲细分领域的隐形冠军，真的变成了 ...

12月5日，在长江新区智能制造产业园内，正泰电气武汉工厂的数十台大型运输车满载待发，即将奔赴港口乘船出海。这家浙商企 业，和更多同乡一样，选择重仓在此。 中国最会做生意的一群人，正在"用脚投票"。 市委十四届十二次全会确立了全力打造"五个中心"、全面建设现代化大武汉的奋斗目标。 经过"十四五"的砥砺深耕，武汉经济肌体完成了一次关键性的"强筋健骨"，一系列结构性指标优化提升，发展从"速度规模"向"质量效 益"深刻转型。 从"驾乎津门、直追沪上"到新中国举足轻重的中部重镇，穿越历史的风云，今日武汉，地位在上升、定位在拓展、机遇在叠加，影响 力吸引力与日俱增，发展备受瞩目。 天下再次重武汉！乘势而上，使武汉更重，成为势所必至。 （一） 武汉有这样两个故事。 一个关于转型：汉江湾人工智能产业园是武汉中心城区的首个千卡集群算力中心，其前身是承载着城市工业记忆的武汉床单厂与武汉 柴油机厂。昔日的纺织机声、机械轰鸣声，如今替换为算力设备的稳定运行声。 一个关于创新：光谷一家科技公司的创始人樊希安所做的工作，是研发一种给光模块精准降温的芯片。在武汉，他和团队一步一步， 把芯片从6毫米抠到1毫米，技术远超日本同行。 衡量一座城 ...

12月6日， "2025浦东国际人才港论坛·集成电路产业人才论坛" 在张江科学会堂举行，集成电路行业内顶尖专家、学者、企业家齐聚一堂，分 享产业前沿动态、探讨人才创新机遇与挑战，旨在进一步促进集成电路产学研深度融合，助力浦东打造国际人才发展引领区并推动集成电路 产业高质量发展。 本次论坛以"聚智青年，筑芯未来"为主题 ，由上海市浦东新区人才工作局指导，上海张江高科技园区开发股份有限公司主办，上海张江浩芯 企业管理有限公司、复旦大学校友总会集成电路行业分会承办，汇聚了来自产业界、学术界与研究机构的众多领袖与专家，通过政策解读、 成果展示、创业分享等不同视角展现了集成电路产业创新人才发展现状，为集成电路产业高质量发展积蓄"芯"智慧。 论坛首先由浦东新区区委组织部人才工作一处处长季胜男进行了 最新人才政策的权威宣介 ，展现了浦东打造国际人才发展引领区的决心与力 度，为整场论坛奠定了"政策赋能产业，生态吸引人才"的基调。 来源：内容来自张江高科，谢谢。 聚焦材料，破题AI时代瓶颈 集成电路材料创新联合体秘书长冯黎发表了题为 《AI时代集成电路材料发展》 的演讲。她前瞻性地指出，在算力需求爆炸式增长的AI时代， 底层材 ...

Core Insights - The "Hubei Province Optoelectronic Information Industry Listed Companies Development Report (2025)" has been officially released, highlighting the growth and significance of the optoelectronic information industry in Hubei [1] Industry Overview - In 2024, the total operating revenue of listed companies in Hubei's optoelectronic information industry is projected to reach 251 billion yuan, accounting for over 25% of the province's total revenue in this sector, indicating a leading position in Central China [1] - By the end of 2024, there will be nearly 50 listed companies in the optoelectronic information sector in Hubei, showcasing significant industry clustering effects [1] Company Performance - The integrated circuit sector is particularly strong, with listed companies in this area achieving a cumulative revenue of 88.1 billion yuan, making it the top performer in the entire industry [1] - Companies such as Wentai Technology and Hezhima Intelligent are noted for their core competitiveness in chip design and automotive-grade chips [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Insights - The company reported a total revenue of 286.69 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 14.78%. However, the net profit attributable to shareholders decreased by 11.39% to 9.54 billion yuan. In Q3 2025, the company achieved a revenue of 100.64 billion yuan, up 6.03% year-on-year, with a net profit of 4.83 billion yuan, reflecting a year-on-year increase of 5.66% and a significant quarter-on-quarter increase of 80.60% [2][5][11] Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 286.69 billion yuan, a 14.78% increase year-on-year, while the net profit attributable to shareholders was 9.54 billion yuan, down 11.39%. In Q3 2025, the revenue reached a record high of 100.64 billion yuan, with a year-on-year growth of 6.03% and a quarter-on-quarter growth of 8.56%. The gross margin for Q3 2025 was 14.25%, up 2.02 percentage points year-on-year, leading to a net margin increase of 1.94 percentage points to 4.80% [2][11] Business Growth and Structure Optimization - The company has seen significant growth in high-growth sectors, with revenues from computing electronics, automotive electronics, and industrial and medical electronics increasing by 69.5%, 31.3%, and 40.7% year-on-year, respectively. The automotive electronics segment has successfully integrated power module packaging and automotive-grade MCU technology, while the computing electronics sector has expanded into the enterprise SSD market through the acquisition of Shengdie Semiconductor [11] R&D and Future Growth - The company has increased its R&D investment, with expenses reaching 15.4 billion yuan in the first three quarters of 2025, a 24.7% increase year-on-year. Key areas of focus include glass substrates, optoelectronic co-packaging, and high-density SiP technologies. The production capacity for automotive electronics and wafer-level packaging projects is gradually coming online, enhancing the company's delivery capabilities in high-value markets [11]

Core Viewpoint - Anshi Semiconductor (China) has announced that it will no longer receive labor compensation and has faced a complete shutdown of its system access, leading to confusion and disappointment among its employees. The company claims to be under significant pressure that violates legal and ethical standards, indicating that the European management has abandoned the Chinese market [1][3]. Group 1: Company Situation - On October 17, Anshi Semiconductor (China) issued a notice to its clients stating that it received a notification from its headquarters that it would no longer pay labor compensation, and its system access was completely interrupted [1]. - The company has expressed its commitment to customer service and market expansion, but it is currently facing severe pressure that contradicts legal and ethical standards, claiming that the Chinese market has been neglected by the European management [3]. Group 2: Response from Parent Company - The parent company, Wentai Technology, confirmed that the accounts of the Chinese team were indeed frozen, with some recovery underway. They noted that due to the emergency situation, the European side might cut off systems and funds, prompting the Chinese division to take independent actions to secure domestic supply chains [4]. - On October 12, Wentai Technology announced that Anshi Semiconductor's assets and intellectual property were frozen due to directives from the Dutch government, effective from September 30, for a duration of one year [4]. Group 3: Regulatory Challenges - Anshi Semiconductor is affected by a new rule from the U.S. Bureau of Industry and Security (BIS) that expands export controls to entities with at least 50% ownership by U.S. entities on the entity list. Although Anshi Semiconductor is not explicitly mentioned, it is impacted due to its status as a wholly-owned subsidiary of Wentai Technology, which was added to the BIS entity list last December [5]. - The company is actively seeking exemptions from these restrictions and is in communication with relevant Chinese authorities to mitigate the impact of export control measures [4][5].

Core Viewpoint - Beijing Junzheng (300223.SZ) has a strong position in the domestic automotive chip market, with its automotive SRAM and DRAM products ranked first among companies headquartered in mainland China according to Frost & Sullivan's research data [1] Group 1 - The company’s automotive chips have widespread applications in China [1] - The company ranks first in the automotive SRAM product category among domestic competitors [1] - The company also holds the top position in the automotive DRAM product category within mainland China [1]