天华新能公告称，公司拟收购控股股东、实际控制人裴振华持有的苏州天华时代新能源产业投资有限责 任公司75%股权，交易价格为12.54亿元。此次交易构成关联交易，不构成重大资产重组。标的公司聚 焦海外锂矿资源投资和开发，公司拟通过本次收购，将实际控制人在锂矿资源的投资和开发转至上市公 司体内，并消除潜在同业竞争风险。 万安科技：拟以增资形式取得同川科技2.72%股权 并购重组 天华新能：拟12.54亿元收购苏州天华时代75%股权 中超控股：与合肥市智能机器人研究院签署战略合作协议 中超控股公告称，公司近日与合肥市智能机器人研究院签订《战略合作协议》，双方将在智能机器人技 术合作与产业化应用、航空航天领域高温合金铸造轻量化技术、智能机器人用电线电缆技术开发与应用 等方面展开合作。 万安科技公告称，公司以增资形式向同川科技投资2000万元，本次投资完成后，公司持有同川科技 2.72%的股权。同川科技专注于机器人核心部件研发，其谐波减速器及机电一体化关节技术历经多年正 向开发，技术自主可控。产品已获得珞石、越疆、艾利特、傅利叶、海峰、配天等机器人客户认可。 增减持 毕得医药：股东拟合计减持不超过1%公司股份 毕得医药公 ...

每经头条（nbdtoutiao）——一次自救，"奥特曼"竟埋下百亿元损失的"时间炸弹"，现在被引爆！有人 却在疯狂赚钱⋯⋯ 每经AI快讯，景嘉微（SZ 300474，收盘价：78.35元）9月12日晚间发布公告称，近日，长沙景嘉微电 子股份有限公司与安超云软件有限公司签署了《战略合作协议》，双方将整合各自优势，通过品牌、产 品、技术等全方位合作，共同打造双赢、可持续发展的战略合作伙伴关系，为用户提供安全可靠的产品 及解决方案。公司深耕GPU研发领域，公司GPU产品与安超云研发的操作系统ArcherOS和安超桌面云 软件ArcherDT兼容互换认证，本次战略合作可有效地为信创替代战略规划提供高性能、安全可控的云 桌面算力底座，重点聚焦在党政、央国企、公检法等行业和场景，通过"生态加强、行业深入、产品融 合"三位一体合作，持续为信创和数字经济提供安全、可靠、高性能的"多芯全栈GPU云"。 2024年1至12月份，景嘉微的营业收入构成为：计算机和通信和其他电子设备制造业占比100.0%。 截至发稿，景嘉微市值为409亿元。 （记者 曾健辉） ...

人民财讯9月12日电，景嘉微（300474）9月12日晚间公告，公司与安超云软件有限公司(简称"安超云") 签署了《战略合作协议》，公司GPU产品与安超云研发的操作系统ArcherOS(安超超融合)和安超桌面云 软件ArcherDT兼容互换认证，本次战略合作可有效地为信创替代战略规划提供高性能、安全可控的云 桌面算力底座，重点聚焦在党政、央国企、公检法等行业和场景。 ...

每经AI快讯，9月12日，景嘉微(300474.SZ)公告称，公司与安超云软件有限公司签署了《战略合作协 议》，双方将整合各自优势，通过品牌、产品、技术等全方位合作，共同打造双赢、可持续发展的战略 合作伙伴关系。公司GPU产品与安超云研发的操作系统ArcherOS（安超超融合）和安超桌面云软件 ArcherDT兼容互换认证，本次战略合作可有效地为信创替代战略规划提供高性能、安全可控的云桌面 算力底座。协议的签署对公司产品研发和市场拓展具有推进作用，能够充分发挥双方的技术优势、资源 优势、市场优势，推动双方研发具有强劲市场竞争力的产品，实现共同利益。 ...

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]

Key Points Summary Core Viewpoint - The article discusses the recent economic data and events in China and the U.S., highlighting the resilience of China's economy and the implications for investment strategies in the A-share market. Economic Data Review - In June 2025, China's exports reached $325.18 billion, a year-on-year increase of 5.8%, surpassing expectations of 3.2% and marking a new high for the year [2] - The People's Bank of China reported that by the end of June, the total social financing scale reached 22.83 trillion yuan, an increase of 4.74 trillion yuan year-on-year, with new RMB loans amounting to 12.92 trillion yuan [2] - Retail sales in June totaled 42,287 billion yuan, growing 4.8% year-on-year, below the expected 5.6% [2] - Fixed asset investment (excluding rural households) was 248,654 billion yuan, with a cumulative year-on-year growth of 2.8%, also below the expected 3.7% [2] - The GDP growth for the second quarter was 5.2%, slightly down from the previous value of 5.4% [2] Market Reactions - The bond market continued to rise as the central bank released liquidity through reverse repurchase operations, indicating a stable economic growth target for the year [6] - The focus of the Central Urban Work Conference shifted towards urban renewal rather than large-scale housing stimulus, adjusting market expectations for real estate policies [6] - A-share market saw significant gains following NVIDIA's announcement to resume supply of a special version of its H20 computing chip for China, boosting related sectors [7]

Group 1 - The core discussion at the third Chain Expo involved NVIDIA's CEO Jensen Huang and Alibaba Cloud's founder Wang Jian, focusing on the future of chip development and the role of silicon technology in artificial intelligence [1] - Huang emphasized that the next generation of chips will be composite chips, potentially as large as a table, and will transition from single-chip architectures to multi-chip composite systems [1] - Huang mentioned that NVIDIA is the first company to utilize this technology, which he referred to as CPO, allowing for the connection of different dimensions of information [1] Group 2 - The Chain Expo showcased over 110 well-known domestic and foreign enterprises, demonstrating the latest practices in advanced manufacturing across various sectors such as rail transportation, aerospace, and industrial automation [2] - The event highlighted that modernization is achieved through manufacturing, and international cooperation is essential for accelerating the development of advanced manufacturing [2]

Core Viewpoint - TSMC's Q2 2025 performance shows strong growth driven by AI semiconductor demand, with revenue reaching NT$933.79 billion, a 38.6% year-on-year increase, and net profit at NT$398.27 billion, up 60.7% [1] Group 1: Financial Performance - TSMC's revenue for Q2 2025 was NT$933.79 billion, reflecting a 38.6% year-on-year growth [1] - Net profit for the same period was NT$398.27 billion, marking a 60.7% increase compared to the previous year [1] - The company expects revenue growth to approach 30% year-on-year in 2025, driven by strong AI semiconductor demand [2] Group 2: Business Segments - High-performance computing (HPC) revenue grew by 14% quarter-on-quarter, now accounting for 60% of total revenue [2] - Smartphone revenue increased by 7% quarter-on-quarter, representing 27% of total revenue [2] - Digital consumer electronics (DCE) saw the fastest growth at 30% quarter-on-quarter, but only accounts for 1% of total revenue [2] Group 3: Advanced Process Technology - TSMC's advanced process technology accounted for 74% of wafer revenue in Q2 2025 [2] - The N2 process, utilizing advanced nanosheet technology, is expected to achieve mass production in the second half of 2025, with a 10-15% speed improvement and 22-30% energy efficiency improvement compared to previous generations [4] - The A16 process, deemed most suitable for HPC, is anticipated to begin mass production in the second half of 2026, with an 8-10% speed improvement over N2 [4] Group 4: Market Dynamics and Supply Chain - The demand for AI semiconductors is expected to increase due to the growth in token numbers and AI model usage, leading to higher chip demand [2] - NVIDIA's resumption of H20 supply to China is seen as a positive development, although TSMC has not yet observed significant changes in customer behavior [3] - The company is preparing to meet demand but acknowledges potential uncertainties in customer orders [2][3] Group 5: International Expansion - TSMC is advancing its overseas expansion plans, including factories in Arizona, USA, and Kumamoto, Japan, with an expected annual impact of 2-3% on gross margin over the next five years [5] - The total investment in advanced manufacturing in the USA is projected to reach $165 billion, including a $100 billion increase announced in March [5] - The expansion includes six advanced process factories and two advanced packaging factories, with the first factory already in large-scale production [5]

Core Viewpoint - The A-share market is experiencing a rally, with increasing foreign investment interest in Chinese stocks, particularly from South Korean investors, who have significantly increased their trading volume in the Chinese market [1][16][19]. Group 1: Market Performance - The Shanghai Composite Index rose by 0.37% to 3516.83 points, the Shenzhen Component Index increased by 1.43% to 10873.62 points, and the ChiNext Index gained 1.75% to 2269.33 points [1]. - Foreign investment in the Chinese market is on the rise, with South Korean investors' trading volume exceeding $5.4 billion this year, making China the second-largest overseas investment destination for them after the U.S. [1][19]. Group 2: Sector Performance - Multiple sectors, including computing power, innovative pharmaceuticals, and military industry, saw significant gains, with computing power and innovative pharmaceuticals showing particularly strong performance [3][9]. - In the computing power sector, companies like Benkawa Intelligent, Shijia Photon, and Dekeli saw stock prices rise over 10%, with Cambridge Technology and Changfei Optical Fiber hitting the daily limit [4][6]. - The PCB sector experienced a surge, with companies like Mankun Technology achieving a 20% limit up, and others like Shengyi Technology and Tongguan Copper Foil rising over 10% [6][7]. Group 3: Innovative Pharmaceuticals - The innovative pharmaceutical sector continued its strong performance, with companies like Weikang Pharmaceutical and Maiwei Bio achieving a 20% limit up, while others like Shouya Holdings and Shenzhou Cell rose over 10% [9][12]. - A new policy from the National Medical Insurance Administration aims to establish a dual-track system for innovative drugs, which is expected to alleviate pressure on basic medical insurance funds while meeting diverse healthcare needs [12]. Group 4: Military Industry - The military sector has attracted significant capital, with companies like AVIC Shenfei hitting the daily limit, and others like Aero Engine Corporation of China and AVIC Xi'an also seeing gains [13][15]. - Analysts predict that the military components sector will see an improvement in orders and performance in the second half of the year, driven by increased demand and upcoming industry catalysts [15].