Market Performance - The main board led the gains with notable increases in stocks such as COSCO SHIPPING Technology (+10.01%), Zhen Shitong (+10.00%), and Xingsen Technology (+7.30%) [1] - The ChiNext board saw significant rises with stocks like SuperMap Software (+7.27%) and Guangku Technology (+7.05%) [1] - The Sci-Tech Innovation board was led by Qingyun Technology-U (+15.09%) and Tonglian Precision (+12.54%) [1] - Active sub-industries included SW Semiconductor Equipment (+3.74%) and SW Gaming III (+1.00%) [1] Domestic News - Micro LED high-end display manufacturing project by Micro LED Technology signed in Suzhou, aiming to enhance R&D and industrialization levels [1] - Phancy AI smart glasses by Fourth Paradigm available for pre-sale, featuring a lightweight design and long battery life [1] - Powerchip Semiconductor Manufacturing Corporation reported a net loss of 3.33 billion NTD in Q2 2025, focusing on high-value products for operational optimization [1] - Key domestic display panel manufacturer received the first G11 ultra-large size display panel laser graphic equipment developed by Keyuan Laser [1] Company Announcements - Zhongke Software announced a reduction in shareholding from 22.69% to 21.87% by a major shareholder [2] - Nantech Information signed a framework contract for digital construction services worth 58.27 million CNY [2] - GoerTek is planning to acquire 100% equity of Mia Precision Technology and Changhong Industrial for approximately 10.4 billion HKD [2] - Kela Software reported a reduction in shareholding from 8.01% to 7.36% due to a court ruling [2] Overseas News - SEMI report indicates strong growth in the global semiconductor manufacturing equipment market, expected to reach 125.5 billion USD by 2025, a 7.4% year-on-year increase [3] - NVIDIA has notified Chinese customers about limited inventory of H20 HGX AI GPUs, with no plans to resume production [3] - Mitsubishi Motors announced the termination of its joint venture with Shenyang Aerospace Mitsubishi Motors Engine Manufacturing, exiting the Chinese automotive production business [3] - Texas Instruments reported Q2 revenue of 4.45 billion USD, a 16% year-on-year increase, with significant growth in analog and embedded processing segments [3]

Core Viewpoint - Suzhou Keyun Laser Technology Co., Ltd. has successfully shipped its first G11 ultra-large display panel laser graphic equipment to leading domestic display panel manufacturers, marking a significant advancement in domestic manufacturing capabilities [1][3]. Group 1: Product Development - The G11 ultra-large display panel laser graphic equipment occupies over 30 square meters and weighs over 40 tons, featuring a large-size high-precision integrated gantry structure with a span exceeding 5 meters, achieving a repeat positioning accuracy of ±1 micron [1]. - The laser processing technology enables G11 generation ultra-large format path splicing, with laser graphic scribing precision reaching ±10 microns, showcasing advanced capabilities in visual precision detection technology and AI intelligent algorithm construction [1]. Group 2: Market Position - Keyun Laser is currently the only domestic company capable of providing this type of equipment, following its first batch shipment of G8.6 generation display panel laser graphic equipment in 2023, indicating a progression to larger product sizes and higher processing precision requirements [3]. - Previously, such equipment was supplied mainly by Japanese and Korean manufacturers, highlighting a shift in the supply chain dynamics within the display panel industry [3]. Group 3: Company Background - Established in 2018, Keyun Laser focuses on the promotion and application of precision laser micro-nano processing automation equipment in the display, new energy, semiconductor, and 3C industry chains [3]. - The company’s main products include laser repair equipment, laser cutting equipment, and LED equipment, applicable in LCD, OLED, and Mini LED fields [3]. - Keyun Laser has also won a bid for the laser engraving machine project for Shenzhen Huaxing Semiconductor's 11th generation TFT-LCD and AMOLED new display production line [3].