Core Insights - The article highlights the significant advancements in Shenzhen's semiconductor industry, particularly through the emergence of new companies like Wanliyan and Qiyunfang, which are breaking Western technology barriers in high-end testing equipment and EDA software [1][4][11] - Shenzhen's semiconductor sector is transitioning from a design-centric model to a more comprehensive ecosystem that includes manufacturing and equipment development, supported by government initiatives [4][5][11] Group 1: Industry Developments - Wanliyan launched a 90GHz "ultra-fast real-time oscilloscope," ranking second globally and first domestically, marking a breakthrough in high-end testing equipment previously restricted by Western export controls [1] - The chip design industry in China is experiencing growth, with sales projected to reach 668.93 billion yuan in 2024, a 13.2% increase from 2023, and the number of design firms rising to 3,626 [2] - Shenzhen is home to 727 integrated circuit companies, with design firms accounting for 68% of revenue, indicating a strong focus on design innovation [2] Group 2: Government Support and Strategic Initiatives - The Shenzhen government has implemented measures to promote high-quality development in the integrated circuit industry, including a 5 billion yuan private equity fund aimed at strengthening the semiconductor supply chain [4] - The shift in strategy from "flooding the market" to "building channels" reflects a more strategic approach to supporting the semiconductor industry, focusing on long-term sustainability [4][5] Group 3: Manufacturing and Equipment Focus - The manufacturing sector is becoming increasingly important, with companies like Fangzheng Microelectronics leading in SiC chip production, emphasizing the need for stable mass production capabilities [5][6] - Local equipment manufacturers, such as Aixin Semiconductor, are gaining prominence by focusing on specialized measurement and testing equipment for semiconductor fabrication [6][7] Group 4: Ecosystem and Market Dynamics - The semiconductor ecosystem in Shenzhen is diversifying, with a growing number of companies engaging in equipment development and materials research, supported by local government incentives [7][8] - Companies like Guowei Chip are innovating in the EDA space, highlighting the importance of government support for long-term investment in the semiconductor industry [10][11] Group 5: Future Outlook - Shenzhen's semiconductor industry is moving towards a more integrated approach, aiming to create a complete local semiconductor toolchain that enhances efficiency from design to mass production [11][12] - The industry is expected to face fluctuations, with a potential demand peak anticipated around 2026 to 2027, indicating the need for companies to adapt to market cycles [7][8]

Core Viewpoint - The company has made significant progress in the AI industry chain, particularly in the GPU sector, and is actively collaborating with domestic manufacturers to explore the potential of the AI market [2] Group 1: AI Industry Developments - The company began its layout in the AI industry chain last year and has made advancements in the GPU field through collaboration with domestic manufacturer Moore Threads [2] - The company has assisted original manufacturers, such as Starshine Technology, in integrating low-power AI functions into their edge chips and has achieved initial success in client-side promotion [2] - The company plans to leverage its technical team's experience in application solution design and market understanding to foster ecological collaboration and tap into the vast potential of the AI market [2] Group 2: Collaborations and Product Applications - The company has established partnerships with several domestic manufacturers, particularly in the industrial automotive sector, with notable performance from companies like ChuanTu Microelectronics in isolation products [2] - Products such as DSP from Gejian have distinctive features in the domestic market, while interface products from Jishi Innovation have been successfully introduced into multiple application scenarios and have entered mass production [2] - Relevant products have achieved large-scale application in the industrial automotive sector [2] Group 3: Financial Performance - In the first half of the year, the company achieved operating revenue of 3.884 billion yuan, representing a year-on-year increase of 16.13% [2] - The net profit attributable to shareholders of the listed company was 33.6114 million yuan, reflecting a year-on-year increase of 71.05% [2]