Market Dynamics - The Ministry of Commerce announced that starting from September 4, 2025, the existing anti-dumping tax rate on imports of non-dispersion-shift single-mode optical fibers from the United States will also apply to related cutoff wavelength single-mode optical fibers [2] Company Developments - Dongxin Co., Ltd. reported that Lishuan Technology has begun sample deliveries to some customers and is continuously optimizing its products, with plans to advance production and sales [7] - Chengdu Huamei announced that its 4-channel 12-bit 40G high-precision RF direct sampling ADC chip has not yet achieved large-scale sales, with only sample deliveries and some intended orders [8] - SourceJet Technology indicated that its sales revenue in the data center market may be significantly impacted if market development does not meet expectations [9] - Sanyou Medical announced that its innovative Zeus spinal fixation system has successfully passed the FDA 510(k) review, marking a significant step in its international strategy [9] - Baolande disclosed that shareholders plan to reduce their holdings by up to 3% of the company's shares [10] - Xinke Mobile's vice president plans to reduce his holdings by up to 0.0014% of the company's shares due to personal financial needs [11] Technology Frontiers - A hybrid classical-quantum computing platform has been successfully deployed in Poland, allowing for multi-user sharing of multiple QPUs and GPUs without special modifications to existing data centers [12] - A collaborative team from Yale University and other institutions has introduced CellForge, a multi-agent system for automated virtual cell modeling, which significantly outperforms existing models and offers efficient solutions for scientific research [13]

Group 1 - The Ministry of Finance and the People's Bank of China held a meeting to discuss the collaboration between fiscal and monetary policies to ensure the stable development of the bond market [1] - The Ministry of Finance plans to reissue 50-year fixed-rate bonds with a total face value of 35 billion yuan and a coupon rate of 2.10% [1] - The Shanghai Gold Exchange adjusted the margin levels and price fluctuation limits for gold and silver contracts, increasing the margin for gold from 13% to 14% and for silver from 16% to 17% [1] Group 2 - In August, the retail sales of new energy vehicles in China reached 1.079 million units, a year-on-year increase of 5% and a cumulative retail of 7.535 million units for the year, up 25% [1] - The second-hand housing market in Beijing saw an increase in transactions compared to July, while Shenzhen's transactions remained above 5,000 units for six consecutive months [1] - The Zhejiang Provincial Development and Reform Commission is seeking opinions on a market-oriented reform plan for new energy power prices, with a bidding price ceiling set at 0.393 yuan per kilowatt-hour [1] Group 3 - China National Heavy Duty Truck Group announced that its stock will be delisted on September 5, 2025, with a conversion ratio of 1:0.1339 to China Shipbuilding Industry Corporation shares [1] - The China Securities Index Company will officially launch the CSI A500 Growth Index and CSI A500 Value Index on September 10, 2025, providing diversified investment options [1] - FTSE Russell announced changes to several indices, including the FTSE China A50 Index, which will include new stocks while removing others, effective September 22, 2025 [1]

Group 1: Government and Policy - The Ministry of Finance and the People's Bank of China held a meeting to enhance coordination between fiscal and monetary policies to support economic recovery [1] - The joint working group aims to ensure the smooth and healthy development of the bond market [1] Group 2: Index Announcements - China Securities Index Co., Ltd. will launch the CSI A500 Growth Index and CSI A500 Value Index on September 10 [2] - The CSI A500 Growth Index will consist of 100 securities with the highest growth factor scores, while the CSI A500 Value Index will include 100 securities with the highest value factor scores [2] Group 3: Company Performance - As of August 31, 2873 companies listed on the Shenzhen Stock Exchange reported a total revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, and a net profit of 595.46 billion yuan, up 8.88% year-on-year [3] - Nearly 80% of these companies reported profits, with over 50% showing a year-on-year increase in net profit [3] Group 4: Automotive Market - In August, the retail sales of passenger vehicles reached 1.952 million units, a year-on-year increase of 3% [3] - Cumulatively, 14.698 million passenger vehicles have been sold this year, representing a 9% year-on-year growth [3] Group 5: Commodity Market - The Shanghai Gold Exchange announced adjustments to margin levels and price limits for gold and silver contracts, effective September 5 [4] Group 6: Company News - China Shipbuilding Industry Company will replace China Shipbuilding Heavy Industry Company shares at a ratio of 1:0.1339 starting September 5 [5] - Yuanjie Technology's stock price has increased by 78.39% since August 4, with a rolling P/E ratio of 1163.77, significantly higher than the industry average [6] - Robotech's subsidiary signed a contract worth approximately 946.50 million euros, expected to positively impact the company's future performance [7] - Chengdu Huamei announced that its new ADC chip products have not yet achieved large-scale sales, indicating market demand uncertainty [7] - Jidong Cement has changed its name to Jinju Jidong Cement Group Co., Ltd., effective September 4 [7] Group 7: Market Analysis - CITIC Securities reports that bank mid-year profits have stabilized, with an upward trend expected for the year [9]

每经记者｜王琳 每经编辑｜陈柯名 魏文艺 并购重组 迈普医学：拟收购易介医疗100%股权 迈普医学公告称，公司计划通过发行股份及支付现金方式购买广州易介医疗科技有限公司100%股权，并募集配套资金。本次交易预计不构成重大资产重 组，构成关联交易，不构成重组上市。 业绩披露 金地集团：8月签约金额同比下降58.89% 金地集团公告称，8月公司实现签约面积18万平方米，同比下降51.87%；签约金额22.2亿元，同比下降58.89%。今年1—8月，公司累计实现签约面积161.4 万平方米，同比下降49.83%；累计实现签约金额219.5亿元，同比下降53.91%。 增减持 至纯科技公告称，控股股东蒋渊及其一致行动人陆龙英计划减持公司股份。蒋渊计划减持不超过1.5640%的公司股份，陆龙英计划减持不超过0.7820%的 公司股份。 聚合顺：海南永昌拟减持不超3%公司股份 聚合顺公告称，海南永昌新材料有限公司计划减持不超过944.17万股公司股份，占公司总股本的3%。 风险事项 *ST亚太：收到北京仲裁委员会关于仲裁案的答辩通知 *ST亚太公告称，公司收到北京仲裁委员会关于仲裁案的答辩通知，案件由兰州亚太矿业集团和兰 ...

Key Points - Tianpu Co., Ltd. announced a suspension of trading for stock verification due to multiple instances of abnormal trading fluctuations from August 22 to September 3, with a reminder for investors about market risks [1] - China Shipbuilding Industry Corporation announced a share exchange ratio of 1:0.1339 for the merger with China Shipbuilding, with the stock ceasing to be listed from September 5, 2025 [2] - Chengdu Huamei reported that its 40G high-precision RF ADC chip is still in the trial production stage and has not achieved mass sales, indicating market demand uncertainty [2] - Taihe Technology's sulfide solid electrolyte project is currently in the trial production phase and has not generated sales revenue [3] - Robotech signed a contract worth approximately €946.50 million for fully automated silicon photonic packaging equipment, expected to positively impact the company's future performance [4] - Wento Holdings reported that its cinema and gaming businesses are still in the recovery phase post-restructuring, with potential uncertainties in future operations [5] - Xibu Muye's fresh milk production increased by 4.8% month-on-month in August [6] - China Shipbuilding announced the implementation of a share exchange merger with China Heavy Industry [6] - Gansu Energy plans to invest CNY 40.89 billion in a wind-solar integrated project [6] - Xinhua Medical's endoscope cleaning workstation received a Class II medical device registration certificate [6]

Key Points - Chengdu Huamei's 40G high-precision RF ADC chip has not yet achieved large-scale sales, indicating market demand uncertainty and potential risks [4] - Hason Co. plans to establish a joint venture for robot components, contributing 10% of the capital [5] - Zhangjiang Hi-Tech intends to publicly transfer 100% equity of Shanghai Jixin Rui Construction Technology Co., with a minimum price of 151 million yuan [7] - Dechuan Environmental Protection seeks a delay of up to 5 trading days to respond to an inquiry regarding a related party transaction [8] - Yong'an Pharmaceutical's chairman has had his detention lifted, allowing him to resume duties [9] - Western Gold's stock price has seen significant fluctuations, with a 39.01% increase since August 29 [10] - Chunxing Precision's operating environment remains stable, with no undisclosed major matters [11] - Hainan Rubber expects a reduction of approximately 0.25 million tons in dry rubber production due to Typhoon "Swordfish" [12] - Hangzhou High-tech has completed the transfer of shares, changing its controlling shareholder [13] - Zheng Fengshou, vice president of Zhengyuan Dixin, has passed away [14] - Wento Holdings reported a revenue of 178 million yuan, returning to profitability [15] - Taihe Technology's solid-state electrolyte project is still in the trial stage with no sales revenue yet [16] Performance Summary - Jindi Group's signed amount in August was 2.22 billion yuan, a decrease of 58.89% year-on-year [17] - Changyuan Power's electricity generation in August was 3.771 billion kWh, down 6.03% year-on-year [18] Shareholding Changes - Juheshun's controlling shareholder plans to reduce holdings by up to 3% [20] - Shapais' major shareholder intends to reduce holdings by up to 2% [21] Major Contracts - Robotech's subsidiary signed a significant contract worth approximately 946.5 million euros [22] - Shankai Intelligent won a procurement project worth 13.318 million yuan [23]

Company Announcements - Chengdu Huamei's 4-channel 12-bit 40G high-precision RF direct ADC chip has not yet achieved large-scale sales, with only sample deliveries to select customers and potential orders, indicating market demand uncertainty and risks of customer validation failure [1] - Taihe Technology's sulfide solid electrolyte project is currently in the pilot test stage and has not generated sales revenue [2] - Source Technology warns that if market development does not meet expectations, its sales revenue in the data center market will be significantly impacted [2] - Wen Tou Holdings states that its cinema and gaming businesses are still in the recovery phase post-restructuring, with potential uncertainties in operational performance [3] Financing & Capital Increase - Changqing Technology plans to issue convertible bonds to unspecified investors, raising no more than 800 million yuan, with proceeds intended for the first phase of a polymer new materials production base [4][5] Shareholding Changes - Xiangfenghua's shareholder plans to reduce holdings by no more than 2% of the company's shares, with the reduction period starting 15 trading days after the announcement [6] Contracts & Projects - Robotech signed a contract worth approximately 9.465 million euros for fully automated silicon photonic packaging equipment, which is expected to positively impact the company's financial performance [7] - Tieliu Co. signed a framework agreement with the Yangtze River Delta Hart Robot Industry Technology Research Institute [8] - Wanlima signed a significant contract worth approximately 44.6 million yuan for e-commerce procurement of labor protection products [9] - Zhangjiang Hi-Tech plans to transfer 100% equity and related debts of Shanghai Jixin Rui Construction Technology Co., Ltd. for no less than 151.34 million yuan [10] - Pudong Construction's subsidiaries won multiple major projects with a total bid amount of 1.271 billion yuan [15] Operational Performance - Jindi Group reported a signed amount of 2.22 billion yuan in August, a year-on-year decrease of 58.89%, with cumulative signed amounts for the year down 53.91% [11] - Western Animal Husbandry's self-produced fresh milk output in August increased by 4.8% month-on-month but decreased by 7.27% year-on-year [12] Other Announcements - China Shipbuilding Industry Corporation's stock conversion ratio is set at 1:0.1339, with the stock registration date on September 4 [13] - Dechuan Environmental Protection plans to delay its response to an inquiry letter by no more than five trading days [14]

Group 1 - Chengdu Huamei's 4-channel 12-bit 40G high-precision RF direct ADC chip has not yet achieved large-scale sales, with only sample deliveries and intention orders, indicating market demand uncertainty and potential risks [3] - Hason Co. plans to establish a joint venture company with a registered capital of 100 million yuan, in which it will hold a 10% stake, focusing on robot components and related technical services [4] - Zhangjiang Hi-Tech intends to publicly transfer 100% equity and related debts of Shanghai Jixin Rui Construction Technology Co., with a minimum transfer price of 151 million yuan [5] Group 2 - Dechuang Environmental plans to delay its response to an inquiry letter from the Shanghai Stock Exchange by no more than 5 trading days to ensure accuracy and completeness [6] - Yong'an Pharmaceutical's actual controller and chairman Chen Yong has had his detention lifted, allowing him to resume his duties, with the company's operations reported as normal [7] - Western Gold has seen a stock price increase of 39.01% since August 29, amidst high market interest in gold, while the Shanghai Composite Index has decreased by 0.78% [8] Group 3 - Spring Xing Precision's recent operational environment remains stable, with no significant changes reported, and no undisclosed major matters by its controlling shareholder [9] - Hainan Rubber expects a reduction of approximately 2,500 tons in dry rubber production due to Typhoon "Swordfish," with damage to about 28,000 mu of rubber plantation [10][11] - Hangzhou High-tech has completed the transfer of 19.03% of its shares to Beijing Jirong Weiye Energy Technology Co., changing its controlling shareholder [12] Group 4 - Zheng Fengshou, the deputy general manager of Zhengyuan Dixin, has unfortunately passed away, with no stock holdings or unfulfilled commitments reported [13] - Changyuan Power's electricity generation in August was 3.771 billion kWh, a decrease of 6.03% year-on-year, with total generation from January to August down by 1.91% [15] - Shareholder Chen Dekang of Shapu Aisi plans to reduce his stake by up to 2% within three months through trading methods [17] Group 5 - Shankai Intelligent has won a procurement project for metering instruments with a bid amount of 13.318 million yuan [19]

证券代码：688709 证券简称：成都华微 公告编号：2025-030 成都华微电子科技股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 成都华微电子科技股份有限公司（以下简称"公司"）股票连续三个交易 日（2025年9月1日、2025年9月2日、2025年9月3日）收盘价格涨幅偏离值累计超 过30%，根据《上海证券交易所交易规则》《上海证券交易所科创板股票异常交 易实时监控细则》的有关规定，属于股票交易异常波动情况。 ? 经公司自查并向控股股东、实际控制人发函查证，截至本公告披露日， 公司不存在应披露而未披露的重大事项。公司目前生产经营正常，生产经营未发 生重大变化。 ? 公司于2025年9月2日在上海证券交易所网站（http://www.sse.com.cn）披 露的《成都华微电子科技股份有限公司关于自愿披露发布4通道12位40G高速高 精度射频直采ADC芯片的公告》（公告编号：2025-029）中相关产品仅向部分客 户进行送样并已有意向订单，尚未实现规模化销售，存在 ...

Core Viewpoint - Chengdu Huami (688709) announced on September 3 that its 4-channel 12-bit 40G high-precision RF direct sampling ADC chip products have only been sampled to select customers and have received intention orders, but have not yet achieved large-scale sales, indicating uncertainty in market demand and risks of customer validation failure [1] Group 1 - The company has issued a notice regarding abnormal stock trading fluctuations [1] - The new products have not yet been commercially scaled, leading to uncertainty in their impact on current and future operating performance [1] - The company is unable to predict the effect of the new products on its financial results [1]