Group 1 - The Ministry of Commerce and eight other departments issued a notice to promote service exports, emphasizing the support for digital services, high-end design, R&D, and green services [1] - The Ministry of Industry and Information Technology and six other departments released a work plan for the construction materials industry, prohibiting new capacity and implementing risk warnings [1] - The People's Bank of China will conduct a 600 billion yuan MLF operation on September 25, with a net injection of 300 billion yuan, marking the seventh consecutive month of increased operations [1] Group 2 - The Ministry of Commerce announced a roundtable meeting in New York with Chinese-funded enterprises in the U.S., discussing business conditions and cooperation [1] - The Ministry of Housing and Urban-Rural Development reported that 21,700 urban old residential communities were renovated in the first eight months of the year, with a target of 25,000 by 2025 [1] - The State Administration for Market Regulation is soliciting public opinions on the basic requirements for food delivery platform service management [1] Group 3 - Alibaba Group's CEO stated that the company is committed to an open-source approach and is advancing a 380 billion yuan AI infrastructure construction plan [1] - Shanghai Zhiyuan Hengyue Technology Partnership plans to acquire 149 million shares of a company, representing 37% of its total equity, at a price of 7.78 yuan per share [1] - The carbon emissions trading market in China has seen a cumulative transaction volume of nearly 700 million tons and a transaction value of approximately 48 billion yuan as of the end of August [1]

Group 1 - Shengke Communication's shareholding by the National Integrated Circuit Industry Investment Fund has decreased from 19.6% to 15% after a total reduction of 18.8569 million shares [1] - Guoxin Technology plans to reduce its shares by up to 4.5% through various trading methods between September 30, 2025, and December 29, 2025 [1][2] - Jingzhida has delivered its first high-speed testing machine to a key domestic customer, aimed at semiconductor memory testing [4][5] Group 2 - Nanxin Pharmaceutical's shareholder plans to reduce shares by up to 3%, totaling 823.2 million shares, due to funding needs [6] - *ST Taihe's shareholder intends to reduce shares by up to 3% for operational management needs [7] - Xincheng Technology's shareholders and directors plan to reduce shares by up to 2.03% due to personal funding needs [8] Group 3 - Huati Technology is planning to acquire shares of Huayi Microelectronics, leading to a stock suspension due to uncertainties [9] - Ruima Precision's subsidiary has received a project notification with a total lifecycle sales estimate of approximately 5.56 billion yuan [10] - Guoguang Electric's shareholders plan to reduce shares by up to 3.85% through various trading methods [10] Group 4 - Cangge Mining's shareholder plans to reduce shares by up to 0.6% due to funding needs [11] - Jujiao Co., Ltd. intends to reduce shares by up to 3% due to personal funding arrangements [12] - Maqu'er plans to reduce shares by up to 2% due to funding needs [13] Group 5 - Caesar Travel's subsidiary intends to acquire 100% equity of Qingdao Hansa for 16 million yuan [14] - Xinde New Materials' shareholders plan to reduce shares by up to 3% through various trading methods [15] - Huadong Heavy Machinery's shareholders plan to reduce shares by up to 1.5% [16] Group 6 - Zhejiang Zhongcheng's shareholder plans to reduce shares by up to 3% due to personal funding needs [17] - Huaxi Securities' shareholder plans to reduce shares by up to 1% due to liquidity needs [18] - Ameng Pharmaceutical's major shareholder opposes the introduction of a strategic investor due to concerns over financial strength and compliance [19] Group 7 - *ST Rindong plans to invest 100 million yuan in Jiangyuan Technology, with a post-investment shareholding of 4.14% [20][21] - International Industry plans to issue shares to its controlling shareholder to raise no more than 662 million yuan for working capital [22][23]

Market Performance - As of September 24, 2025, the Shanghai Composite Index rose by 0.83% to close at 3853.64 points, the Shenzhen Component Index increased by 1.80% to 13356.14 points, and the ChiNext Index climbed by 2.28% to 3185.57 points [1] - The overnight performance of U.S. markets showed the Dow Jones Industrial Average decreased by 0.37%, the Nasdaq Composite fell by 0.33%, and the S&P 500 dropped by 0.28% [1] - The Philadelphia Semiconductor Index declined by 0.18%, with notable movements in individual stocks such as NXP Semiconductors rising by 0.90%, Micron Technology falling by 2.82%, and ARM increasing by 2.35% [1] Industry Insights - At the 2025 Cloud Summit, Alibaba Cloud's CTO announced seven new large model technology products covering various fields including language, speech, vision, multimodal, and code models, alongside a global infrastructure expansion plan [2] - The collaboration between Alibaba Cloud and NVIDIA in the Physical AI domain aims to promote the application of embodied intelligence [2] - Jingzhida announced the delivery of its first high-speed testing machine for semiconductor memory testing, enhancing its competitive position in the semiconductor storage testing equipment market [3] - CICC noted that the PCB industry has entered a capital expenditure expansion cycle driven by global AI server demand, with a positive outlook for PCB equipment and consumables investment opportunities [3] - The current PCB capital expenditure cycle is expected to last around two years, with potential for an extended boom due to infrastructure demand [3] ETF Information - The Sci-Tech Semiconductor ETF (588170) tracks the Sci-Tech Board Semiconductor Materials and Equipment Index, focusing on semiconductor equipment (59%) and materials (25%) [4] - The Semiconductor Materials ETF (562590) also emphasizes semiconductor equipment (59%) and materials (24%), benefiting from the AI-driven expansion in semiconductor demand and the ongoing technology advancements [4]

2025年9月24日，截至收盘，沪指涨0.83%，报收3853.64点；深成指涨1.80%，报收13356.14点；创业板 指涨2.28%，报收3185.57点。科创半导体ETF（588170）涨8.25%，半导体材料ETF（562590）涨 8.65%。 隔夜外盘：截至收盘，道琼斯工业平均指数跌0.37%；纳斯达克综合指数跌0.33%；标准普尔500种股票 指数跌0.28%。费城半导体指数跌0.18%，恩智浦半导体涨0.90%，美光科技跌2.82%，ARM涨2.35%， 应用材料涨0.28%，微芯科技涨1.76%。 行业资讯： 1. 在2025云栖大会现场，阿里云CTO周靖人接连发布了七款大模型技术产品，覆盖语言、语音、视觉、 多模态、代码等模型领域。阿里云还展示了在超节点服务器、高性能网络等AI基础设施方面的最新动 向，并宣布了新一轮全球基础设施扩建计划。英伟达、英特尔、联想、AMD、软通动力、中兴、鸿鑫 智造等计算产业链伙伴悉数参展。其中，阿里云和英伟达在Physical AI（物理AI）领域达成合作，推动 具身智能应用落地。 中金公司认为，受全球AI服务器需求驱动，自4Q24以来PCB行业进入资本开支 ...

9月25日晚7点，小米发布小米17系列手机，共推出三款机型：小米17、小米17 Pro、小米17 Pro Max。 小米董事长兼CEO雷军届时将举办第6次年度演讲。 9月25日，日本央行公布7月货币政策会议纪要。 重要新闻提示 央行今日将开展6000亿元MLF操作 中上协：8月末上市公司境内股份总市值104.16万亿元 半导体封测龙头华天科技：筹划重要收购 今起停牌 今日提示 9月25日下午3时，商务部举行新闻发布会，介绍近期商务领域重点工作有关情况。 第四届全球数字贸易博览会9月25日至29日在浙江杭州举办。 财经新闻 1. 中国人民银行9月24日消息，为保持银行体系流动性充裕，9月25日（周四），中国人民银行将以固定 数量、利率招标、多重价位中标方式开展6000亿元MLF操作，期限为1年期。 2. 商务部9月24日消息，商务部会同中央网信办、财政部等八部门印发了《关于促进服务出口的若干政 策措施》。 措施提出，优化跨境资金流动管理。有序推进跨国公司本外币一体化资金池试点，支持服务类企业作为 成员企业加入跨国公司资金池业务试点，便利集团内资金调配。 提升服务贸易跨境资金结算便利化水平。持续推进服务贸易结算便 ...

Group 1: Company Announcements - Huatian Technology (002185) is planning to acquire equity in Huayi Microelectronics and will suspend trading from September 25, 2025. The transaction is in the planning stage and is expected to involve issuing shares and cash payments [2] - Wanhui High-tech expects a net profit increase of 70%-110% for the first three quarters of 2025, projecting a profit of 340 million to 420 million yuan, driven by increased export volumes and improved product margins [3] - Jingzhida has delivered its first high-speed testing machine to a key domestic client, enhancing its competitive advantage in the semiconductor storage testing market [4] - Pinming Technology has terminated its planned change of control and will resume trading on September 25, 2025, after failing to reach an agreement with the counterparty [5] Group 2: Financial and Operational Updates - Huatian Technology's acquisition of Huayi Microelectronics is expected to be an associated transaction and not a major asset restructuring [2] - Wanhui High-tech's profit growth is attributed to strategic sales adjustments and significant increases in export volumes of PVA and other products, alongside a decrease in raw material prices [3] - Jingzhida's comprehensive layout in semiconductor testing equipment positions it to provide systematic solutions to clients [4] - Pinming Technology's decision to terminate the control change was made to protect the interests of all shareholders [5] Group 3: Capital Market Activities - A proposed stock issuance by International Industry aims to raise up to 662 million yuan for working capital, with shares priced at 4.59 yuan each [7] - China Giant plans to repurchase shares for an employee incentive plan, with a maximum repurchase price of 22 yuan per share, totaling up to 880 million yuan [10] - New Point Software intends to repurchase shares at a maximum price of 42 yuan per share, with a total amount between 30 million and 50 million yuan [10]

Group 1 - The article highlights the importance of weekly announcements related to the stock market, including key events such as suspensions, investments, acquisitions, and performance reports, which help investors identify potential opportunities and risks [1] - Specific companies are mentioned for their involvement in advanced technologies: one company provides components for lithography machines, while another has launched its first KrF process front-end coating and developing equipment, with clients including Xinkailai [1] - A company is noted for delivering the first high-speed testing machine used in the semiconductor memory testing segment, which is applicable in storage chips, computing power, AR/VR, and robotics [1]

今日焦点 国芯科技：四名股东拟合计减持公司不超4.5%股份 国芯科技公告称，因基金退出需要，西藏津盛泰达创业投资有限公司拟减持公司股份850万股，占公司 总股本的2.53%。另外，天津天创保鑫创业投资合伙企业（有限合伙）及其一致行动人天津天创华鑫现 代服务产业创业投资合伙企业（有限合伙）、魏宏锟拟分别减持公司不超0.52%、0.92%、0.53%的股 份。上述四名股东拟合计减持公司不超4.5%的股份。 盛科通信：大基金持股比例降至15% 盛科通信公告，2025年1月14日至2025年9月24日期间，国家集成电路产业投资基金股份有限公司通过集 中竞价方式和大宗交易方式合计减持公司股份1885.69万股，占公司总股本的比例由19.60%减少至 15.00%。 恒瑞医药：签署瑞康曲妥珠单抗项目授权许可协议，有资格获得最高10.93亿美元的里程碑付款 恒瑞医药公告称，将公司具有自主知识产权的1类创新药瑞康曲妥珠单抗（SHR-A1811）项目有偿许可 给Glenmark Specialty，获得1800万美元首付款，并有资格获得最高可达10.93亿美元的里程碑付款及销 售提成。该协议自双方签订之日起生效，将持续到瑞康曲 ...

Core Viewpoint - The company, Jingzhida (688627.SH), has delivered its first high-speed testing machine to a key domestic customer, enhancing its competitive position in the semiconductor memory testing equipment market [1] Group 1: Product Development - The high-speed testing machine is primarily used in the semiconductor memory testing segment, addressing the demand for high-speed testing [1] - The company has completed the comprehensive layout of its main products in semiconductor memory testing equipment, enabling it to provide systematic solutions to customers [1] Group 2: Market Position and Strategy - The delivery of the first high-speed testing machine is expected to strengthen the company's competitive position in the semiconductor memory testing equipment market [1] - The ongoing demand for semiconductor memory testing is anticipated to create favorable conditions for the company to secure bulk orders and expand its market presence [1] - The company's systematic full-site layout supports downstream customers' needs for autonomous and controllable production processes, providing a solid foundation for the implementation of its medium to long-term development strategy [1] Group 3: Future Outlook - The company aims to continue building its full-site service capability while deepening technological innovation and market expansion in the semiconductor testing and inspection field [1]

证券日报网讯 9月24日晚间，精智达发布公告称，公司近日向国内重点客户交付首台高速测试机。该设 备主要应用于半导体存储器测试环节，解决高速测试需求。公司目前已基本完成半导体存储器件测试设 备主要产品的全面布局，可为客户提供系统化解决方案，初步形成全站点服务能力，展现出较强的综合 竞争优势。 （编辑 任世碧） ...