重要消息提示 10月8日，伦敦现货黄金价格首次站上4000美元整数关口，再创历史新高。 自2025年10月9日起，北交所将为存量股票启用新证券代码。这意味着，北交所所有股票将全部切换为920新代码。据悉，2023年证监会提出，启用北交所独 立代码号段，2024年4月，北交所开始在新上市企业启用920代码。 美参议院未通过民主党提出的拨款法案，美国政府"关门"持续。 特斯拉推出售价39990美元的新版Model Y。 宏观•要闻 国务院办公厅印发《关于在政府采购中实施本国产品标准及相关政策的通知》 国务院办公厅印发《关于在政府采购中实施本国产品标准及相关政策的通知》，自2026年1月1日起施行。《通知》旨在构建统一开放、竞争有序的政府采购市场 体系，完善政府采购制度，保障各类经营主体平等参与政府采购活动。《通知》明确，政府采购中的本国产品标准，是指产品在中国境内生产，且产品的中国境内 生产组件成本占比达到规定比例要求，对特定产品还要求其关键组件、关键工序在中国境内生产、完成。该标准适用于政府采购货物项目和服务项目中涉及的货 物。在政府采购活动中，给予本国产品相对于非本国产品20%的价格评审优惠。中华人民共和国缔 ...

9月30日晚，国产AI芯片巨头寒武纪发布公告，披露了定增发行结果。 本次定增发行价格为1195.02元/股，拟发行股数333.49万股，募集资金总额高达39.85亿元。 募集资金将用于面向大模型的芯片平台项目、面向大模型的软件平台项目及补充流动资金。 截至9月30日收盘，寒武纪股价报1325元/股，涨幅为0.11%，总市值5543亿元。 来源：Wind 多家公募便宜价买入 报告书显示，本次定增发行价格为1195.02元/股，较9月30日收盘价折价约9.8%，拟发行股数333.49万股，募集资金总额39.85亿元。 | 用 | | 获配股数 | 获国会额 | 限售期 | | --- | --- | --- | --- | --- | | 号 | 发行对象名称 | (股) | (元) | (月) | | 1 | 广发基金管理有限公司 | 1,010,861 | 1,207.999.112.22 | 6 | | 2 | UBS AG | 364,010 | 434.999,230.20 | 6 | | 3 | 新华资产管理股份有限公司 | 351.458 | 419.999.339.16 | 6 | | 4 | 汇 ...

Core Viewpoint - The company, Cambrian, has announced a private placement of 3,334,946 shares at a price of RMB 1,195.02 per share, raising a total of RMB 3.985 billion, which will be used for chip and software platform projects related to large models and to supplement working capital [1][4]. Summary by Sections Issuance Details - The total number of shares issued is 3,334,946, with a total fundraising amount of RMB 3.985 billion after deducting issuance costs of RMB 32.1713 million [1]. - The final list of 13 investors includes major fund management companies such as GF Fund Management, UBS AG, and Xinhua Asset Management [1][3]. Pricing Information - The issuance price represents a premium of 10.51% over the base price, which is set at 80% of the average trading price over the previous 20 trading days, calculated to be no less than RMB 1,081.32 per share [4]. - The final issuance price of RMB 1,195.02 per share is approximately 90% of the closing price of RMB 1,325 per share on the day of the announcement [4]. Allocation to Investors - The allocation of shares to the investors varies, with GF Fund Management receiving the largest share of 1,010,861 shares, valued at approximately RMB 1.208 billion, and a lock-up period of 6 months [3]. - Other notable allocations include UBS AG with 364,010 shares and Xinhua Asset Management with 351,458 shares, both also subject to a 6-month lock-up period [3].

每经AI快讯，寒武纪公告，公司向特定对象发行人民币普通股(A股)股票333.49万股，每股发行价格为 人民币1195.02元，募集资金总额为39.85亿元，扣除各项发行费用人民币3217.13万元(不含税)，公司实 际募集资金净额为人民币39.53亿元。募集资金将用于面向大模型的芯片平台项目、面向大模型的软件 平台项目及补充流动资金。 ...

不过，寒武纪在7月18日调整了定增预案。寒武纪7月18日披露的2025年度向特定对象发行A股股票募集说明书显示， 此次向特定对象发行股票募集资金总 额不超过39.85亿元。扣除发行费用后的募集资金净额拟投资于面向大模型的芯片平台项目、面向大模型的软件平台项目并补充流动资金。 据IDC数据，中国人工智能算力的市场规模在2024年约为190亿美元，2025年将达259亿美元，2028年将达552亿美元，呈现出强劲的增长态势。同时，全 球智能芯片市场呈现国外巨头主导、国内芯片设计厂商逐步提升国内市场份额的趋势。 寒武纪表示，此次向特定对象发行股票，一方面为增强公司面向大模型的芯片技术和产品综合实力，提升公司在智能芯片产业领域的长期竞争力。另一方 面为构建面向大模型的软件平台，进一步提升寒武纪软件生态的开放性和易用性。 10日早盘，A股三大指数集体上涨，上证指数盘中上涨0.13%，电信、电脑硬件、通信设备等板块涨幅靠前，贵金属、化肥农药跌幅居前，芯片科技股走 强，寒武纪盘中涨超5%。 寒武纪-U(688256) 融通|利润污|扩交易中 09-10 13:57:17 市盈490 1307.99 额149.0亿 股本4. ...

公告称，公司于2025年8月15日收到上海证券交易所出具的《关于中科寒武纪科技股份有限公司向 特定对象发行股票的交易所审核意见》，具体意见如下： 本次向特定对象发行股票的股票数量按照募集资金总额除以发行价格确定，同时本次发行股票数量 不超过本次发行前公司总股本的5%，即本次发行不超过2,091.7511万股（含本数）。 中国经济网北京8月17日讯 寒武纪(688256.SH)8月15日晚间披露《关于2025年度向特定对象发行A 股股票申请收到上海证券交易所审核意见通知的公告》。 "中科寒武纪科技股份有限公司向特定对象发行股票申请符合发行条件、上市条件和信息披露要 求。本所将在收到你公司申请文件后提交中国证监会注册。" 公司本次向特定对象发行A股股票事项尚需获得中国证监会作出同意注册的决定后方可实施，最终 能否获得中国证监会同意注册的决定及其时间尚存在不确定性。 7月18日，寒武纪披露《2025年度向特定对象发行A股股票预案(修订稿)》。本次向特定对象发行股 票募集资金总额不超过398,532.73万元（含本数），扣除发行费用后的净额拟投资于面向大模型的芯片 平台项目、面向大模型的软件平台项目和补充流动资金。 ...

Core Viewpoint - Cambricon, a leading AI chip design company in China, has successfully passed a key financing plan, raising nearly 4 billion RMB for its AI model chip and software development [1][3]. Financing and Strategic Moves - The company’s A-share stock issuance application has received approval from the Shanghai Stock Exchange, confirming compliance with issuance, listing, and information disclosure requirements [1]. - The total amount to be raised from the financing plan is capped at 39.85 billion RMB, which is a reduction from the initial proposal [1]. - The funds will primarily be allocated to chip and software platform projects aimed at large models, along with some working capital, indicating a clear strategic focus on the core areas of AI technology development [1][3]. Market Context and Demand - The financing progress coincides with a surge in demand for domestic computing power, leading to a significant increase in Cambricon's stock price, which reached a historical high of 985 RMB [1]. - The establishment of a new subsidiary in Hohhot, focusing on integrated circuit chip design and services, aligns with the company's recent strategic direction [3]. Infrastructure Development - Hohhot is a key hub for the national "East Data West Computing" project, with a total computing power scale exceeding 100,000 P and a total load capacity of 554 MW, expected to reach 1,100 MW by the end of 2025 [4]. - A collaborative project involving Cambricon and other entities has initiated the first national green computing and electricity coordination base in Hohhot, which includes data center clusters and chip testing laboratories [4]. Financial Performance and Market Sentiment - Cambricon's financial performance has significantly improved, with a reported revenue increase of over 42 times year-on-year in Q1 2025, marking its first positive quarterly net profit [5]. - Several brokerages have raised their profit forecasts for Cambricon, with estimates for 2025 net profit reaching up to 18.3 billion RMB [5]. - As of August 15, Cambricon's stock closed at 923.7 RMB per share, with a total market capitalization of 386.4 billion RMB [6].

Core Viewpoint - The company, Cambrian (寒武纪), is actively engaging in capital raising and investment activities, including a planned issuance of A-shares and an increase in registered capital for its subsidiary, indicating a focus on expanding its technological capabilities and funding projects in the AI and chip sectors [1][2][4][6]. Trading Information Summary - As of July 18, 2025, Cambrian's stock closed at 582.62 yuan, with a slight increase of 0.04% and a trading volume of 51,200 shares, resulting in a total transaction value of 2.985 billion yuan [1]. - The capital flow on July 18, 2025, showed a net inflow of 21.68 million yuan from institutional investors, while retail investors experienced a net outflow of 2.04 million yuan [1][4]. Company Announcements Summary - Cambrian's board approved a capital increase of 100 million yuan for its wholly-owned subsidiary, Shanghai Cambrian Information Technology Co., Ltd., raising its registered capital to 270 million yuan [1][2][5]. - The company revised its 2025 A-share issuance plan, increasing the maximum number of shares to be issued to 20.92 million shares, with total fundraising not exceeding 3.985 billion yuan, allocated for projects related to large model chip platforms, software platforms, and working capital [2][5][6]. - The registered capital of Cambrian was adjusted from 417,456,753 yuan to 418,350,224 yuan, with the total number of shares correspondingly changing to 418,350,224 shares [3][4].

Group 1 - The company Cambrian (688256.SH) announced an adjustment to its plan for issuing A-shares to specific targets in 2025 [1] - The total amount of funds raised from this issuance will not exceed 3.985 billion yuan (including the principal) [1] - The net proceeds, after deducting issuance costs, are intended for investment in a chip platform project for large models, a software platform project for large models, and to supplement working capital [1]

Core Viewpoint - The company Cambrian has announced an adjustment to its plan for issuing A-shares to specific investors for the year 2025, with a total of no more than 20.9175 million shares to be issued, aiming to raise a total of no more than 3.985 billion yuan [1] Summary by Categories - **Issuance Details** - The adjusted number of shares to be issued is no more than 20.9175 million shares [1] - The total amount of funds to be raised is capped at 3.985 billion yuan [1] - **Use of Proceeds** - The net proceeds, after deducting issuance costs, are intended for investment in projects related to large model chip platforms, large model software platforms, and to supplement working capital [1]