证券日报网1月8日讯，世纪华通（002602）在接受调研者提问时表示，2025年公司只确认了半年的IP授 权利润。2026年公司将会确认全年的IP授权利润。这是第一个核心增量。第二个核心增量，盛趣这两年 对老产品唤醒策略也会持续带来业绩增长。 ...

截至9月30日，国芯科技股东户数2.57万，较上期减少3.43%；人均流通股13085股，较上期增加 31.62%。2025年1月-9月，国芯科技实现营业收入2.59亿元，同比减少44.92%；归母净利润-1.27亿元， 同比减少0.03%。 分红方面，国芯科技A股上市后累计派现1.20亿元。近三年，累计派现5999.96万元。 12月23日，国芯科技跌0.86%，成交额2.45亿元。两融数据显示，当日国芯科技获融资买入额3331.92万 元，融资偿还2773.14万元，融资净买入558.77万元。截至12月23日，国芯科技融资融券余额合计4.19亿 元。 融资方面，国芯科技当日融资买入3331.92万元。当前融资余额4.18亿元，占流通市值的4.32%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，国芯科技12月23日融券偿还2500.00股，融券卖出400.00股，按当日收盘价计算，卖出金额 1.15万元；融券余量2.69万股，融券余额77.38万元，低于近一年20%分位水平，处于低位。 资料显示，苏州国芯科技股份有限公司位于江苏省苏州市高新区汾湖路99号狮山总部经济中心1号楼， 成立日期20 ...

Core Viewpoint - Muxi Co., Ltd. experienced a significant stock decline of 9.08% on December 19, with a trading volume of 4.522 billion yuan, indicating market volatility and investor sentiment concerns [1]. Financing Summary - On December 19, Muxi Co., Ltd. had a financing buy-in amount of 438 million yuan, with a net financing buy of approximately 90.36 million yuan after 348 million yuan in financing repayments [1]. - The total financing and securities balance for Muxi Co., Ltd. reached 959 million yuan, accounting for 7.39% of its circulating market value [1]. - There were no securities sold or repaid on the same day, indicating a lack of short-selling activity [1]. Company Profile - Muxi Integrated Circuit (Shanghai) Co., Ltd. was established on September 14, 2020, and is located in the Pudong New Area of Shanghai [1]. - The company specializes in the research, design, and sales of full-stack GPU products used in artificial intelligence training and inference, general computing, and graphics rendering [1]. - The revenue composition of Muxi Co., Ltd. includes 97.55% from training and inference GPU boards, 1.25% from intelligent computing inference GPU boards, 0.80% from other sources, 0.32% from training and inference GPU servers, and 0.08% from IP licensing [1]. Financial Performance - For the period from January to September 2025, Muxi Co., Ltd. reported a revenue of 1.236 billion yuan, reflecting a year-on-year growth of 453.52% [2]. - The company recorded a net profit attributable to shareholders of -346 million yuan, which represents a year-on-year increase of 55.79% [2]. - As of December 17, the number of shareholders for Muxi Co., Ltd. reached 25,100, marking a significant increase of 20,138.71% compared to the previous period [2].

Company Overview - Suzhou Guoxin Technology Co., Ltd. was established on June 25, 2001, and went public on January 6, 2022. The company focuses on providing IP licensing, chip customization services, and self-developed chips and modules, primarily in the fields of information security, automotive electronics, industrial control, edge computing, and network communication [2]. Financial Performance - For the period from January to September 2025, Guoxin Technology reported revenue of 259 million yuan, a year-on-year decrease of 44.92%. The net profit attributable to the parent company was -127 million yuan, a slight decrease of 0.03% year-on-year [2]. - The company has distributed a total of 120 million yuan in dividends since its A-share listing, with cumulative distributions of approximately 59.99 million yuan over the past three years [3]. Stock Performance - As of November 28, Guoxin Technology's stock price increased by 2.04%, reaching 31.00 yuan per share, with a trading volume of 234 million yuan and a turnover rate of 2.28%. The total market capitalization is 10.416 billion yuan [1]. - Year-to-date, the stock price has risen by 11.91%, with a 15.93% increase over the last five trading days, a 2.02% decrease over the last 20 days, and a 1.84% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on March 4, where it recorded a net purchase of 73.89 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders for Guoxin Technology was 25,700, a decrease of 3.43% from the previous period. The average number of circulating shares per shareholder increased by 31.62% to 13,085 shares [2].

Group 1 - The core viewpoint of the news is that Guoxin Technology has seen a significant increase in stock price, reflecting positive market sentiment and investor interest [1] - As of November 25, Guoxin Technology's stock price rose by 5.19% to 28.80 yuan per share, with a trading volume of 135 million yuan and a turnover rate of 1.44%, resulting in a total market capitalization of 9.677 billion yuan [1] - Guoxin Technology, established on June 25, 2001, focuses on providing IP licensing, chip customization services, and self-developed chips and modules, primarily serving critical sectors such as information security, automotive electronics, and industrial control [1] Group 2 - According to data, one fund under China Europe Fund has a significant holding in Guoxin Technology, specifically the China Europe CSI 1000 Index Enhanced A fund, which held 65,800 shares, accounting for 0.4% of the fund's net value [2] - The fund has achieved a year-to-date return of 25.42%, ranking 1550 out of 4206 in its category, and a one-year return of 26.79%, ranking 1430 out of 3983 [2] Group 3 - The fund manager of the China Europe CSI 1000 Index Enhanced A fund, Qian Yating, has a tenure of 4 years and 24 days, with the fund's total asset size at 5.022 billion yuan and a best return of 54.89% during her tenure [3] - Co-manager Song Ting has been in position for 278 days, managing assets worth 2.731 billion yuan, with a best return of 23.87% during her tenure [3]

Core Viewpoint - The company maintains a "buy" rating for Damai Entertainment (01060) due to high growth in its IP business and steady expansion in its performance business, indicating strong long-term value in the live entertainment sector [1] Performance Summary - For FY26H1 (ending September 30, 2025), the company reported revenue of 4.05 billion, a year-on-year increase of 33%; net profit attributable to shareholders was 520 million, up 54% [2] - Adjusted EBITDA was 550 million, reflecting a 14% year-on-year growth after excluding a one-time financial asset impairment reversal of 160 million from FY25H1 [2] IP Business Performance - Revenue from IP derivative business doubled year-on-year, with ToB licensing business showing significant growth and ToC starting to ramp up. FY26H1 revenue reached 1.16 billion, a 105% increase, with segment performance (gross profit minus allocated sales expenses) at 230 million, up 44% [3] - Profit margin decline was influenced by a one-time impact from the closure of Jinli Naku, while core Alibaba Fish business revenue grew over 100% with profits nearly doubling [3] - ToB licensing includes high-quality IPs such as Sanrio family, Gigi Kawa, and Pokémon, with new additions from Universal Pictures. Alibaba Fish plans to increase team investment and expand downstream partnerships [3] - Retail brand operations have opened several domestic flagship stores, with future plans for more experiential formats like restaurants and small indoor amusement parks [3] Performance Business - Core domestic concert categories showed steady growth, with revenue of 1.34 billion in FY26H1, a 14.5% increase, and segment performance at 750 million, up 4.7% [3] - Profit margin decline may be due to early internationalization efforts and lower margins in performance content investment [3] - Ticketing for core concert categories faced supply constraints, but overall GMV on the Damai platform remained stable, with a 17% increase in ticket buyers year-on-year. The company provided one-stop solutions for over 2,500 performances, a 19% increase [3] - Revenue from live entertainment content grew by 50%, with participation in major concerts and events, extending upstream in the industry [3] - The company is also expanding internationally, with increasing performances by overseas artists in China and growing demand from domestic audiences for cross-border events, starting with Southeast Asia and Japan/Korea [3] Film and Television Content Business - The film segment reported revenue of 1.06 billion in FY26H1, with segment performance at 95 million. The company is adjusting its film investment strategy to focus on lower-risk, high-quality content, with the summer release "Chasing the Wind" exceeding return expectations [4] - The series production segment generated revenue of 480 million, with profits of 40 million [4] Management Efficiency - Management efficiency has improved, with a notable reduction in investment risks from the previous year. The management expense ratio decreased to 16.5% in FY26H1, down 3.1 percentage points year-on-year [5]

Group 1 - The core viewpoint of the news is that Guoxin Technology's stock performance and financing activities indicate a high level of market interest, despite a significant decline in revenue and net profit year-on-year [1][2]. Group 2 - On November 12, Guoxin Technology's stock rose by 0.03%, with a trading volume of 434 million yuan. The financing buy-in amount was 40.09 million yuan, while the financing repayment was 40.59 million yuan, resulting in a net financing buy-in of -495,500 yuan [1]. - As of November 12, the total balance of margin trading for Guoxin Technology was 403 million yuan, with the financing balance accounting for 3.94% of the circulating market value, indicating a high level compared to the past year [1]. - In terms of securities lending, on November 12, Guoxin Technology repaid 400 shares and sold 12,700 shares, with a selling amount of 383,300 yuan. The remaining securities lending volume was 41,200 shares, with a balance of 1.25 million yuan, also indicating a high level compared to the past year [1]. Group 3 - Guoxin Technology, established on June 25, 2001, and listed on January 6, 2022, focuses on providing IP licensing, chip customization services, and self-developed chips and modules, primarily in the fields of information security, automotive electronics, and industrial control [2]. - The revenue composition of Guoxin Technology includes 42.19% from self-developed chips and modules, 28.54% from chip customization services, 22.06% from mass production services, 6.48% from customized services, 0.70% from IP licensing, and 0.03% from other sources [2]. - As of September 30, the number of shareholders was 25,700, a decrease of 3.43% from the previous period, while the average circulating shares per person increased by 31.62% to 13,085 shares [2]. Group 4 - For the period from January to September 2025, Guoxin Technology reported a revenue of 259 million yuan, a year-on-year decrease of 44.92%, and a net profit attributable to the parent company of -127 million yuan, a slight decrease of 0.03% year-on-year [2]. Group 5 - Guoxin Technology has distributed a total of 120 million yuan in dividends since its A-share listing, with cumulative distributions of 59.99 million yuan over the past three years [3].

Group 1 - The computing power sector is still in the performance realization stage and has a relatively moderate valuation level, with continued optimism for computing-related PCB, domestic computing, IP licensing, and chip inductors [1] - The year 2026 may be a key year for the recovery of the foldable screen market, with rumored foldable products from Apple expected to stimulate overall category discussions and potentially bring new insights in software interaction and hardware design, further activating market demand [1] - Newly launched wearable devices this year are also expected to drive market recovery [1] Group 2 - AR glasses manufacturers are pushing AR glasses from being "niche geek toys" to "mainstream smart terminals" through technological breakthroughs, ecosystem integration, and market penetration, with the maturity of AI and AR technologies suggesting that smart glasses could become the next mainstream computing terminal after smartphones [1]

Group 1 - On November 6, Guoxin Technology's stock rose by 3.89%, with a trading volume of 460 million yuan [1] - The financing data shows that on the same day, Guoxin Technology had a financing purchase amount of 54.22 million yuan and a net financing purchase of 5.22 million yuan, with a total financing and securities balance of 403 million yuan [1] - The current financing balance of Guoxin Technology is 402 million yuan, accounting for 3.80% of its circulating market value, which is above the 80th percentile level over the past year, indicating a high level [1] Group 2 - Guoxin Technology, established on June 25, 2001, is located in Suzhou, Jiangsu Province, and was listed on January 6, 2022 [2] - The company's main business includes providing IP licensing, chip customization services, and self-developed chips and modules, with key applications in information security, automotive electronics, and industrial control [2] - As of September 30, Guoxin Technology reported a revenue of 259 million yuan for the first nine months of 2025, a year-on-year decrease of 44.92%, and a net profit attributable to shareholders of -127 million yuan, a slight decrease of 0.03% year-on-year [2] Group 3 - Guoxin Technology has distributed a total of 120 million yuan in dividends since its A-share listing, with 59.99 million yuan distributed over the past three years [3]

Core Viewpoint - The company, Suzhou Guoxin Technology Co., Ltd., has released its third-quarter report for 2025, highlighting significant changes in revenue and operational performance, particularly in the custom chip and automotive electronics sectors [5][9]. Financial Performance - The company reported a notable decline in revenue from its custom chip services for the period from January to September 2025, while its self-developed chips and modules generated revenue of 158.48 million yuan, representing a year-on-year increase of 40.58% [5]. - Revenue from automotive electronic chips reached 79.98 million yuan, marking a substantial year-on-year growth of 73.52%, with cumulative shipments exceeding 20 million units as of September 30, 2025 [5]. Board Meeting and Governance - The third board meeting of the company was held on October 27, 2025, where the board unanimously approved the third-quarter report, ensuring compliance with relevant laws and internal regulations [9][10]. - The board members confirmed the authenticity and completeness of the financial report, taking legal responsibility for its content [9][10]. Investor Communication - The company plans to hold an investor performance briefing on November 14, 2025, to discuss the third-quarter results and address investor inquiries [14][16]. - Investors can submit questions in advance through the Shanghai Stock Exchange's online platform or via the company's email [17].