| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-12 | 晶合集成 | 688249 | 34.62 | 335.47 | 9.69 | 机构专用 | 蒸肥佳含电圈器系 | | KO | 12月12日，晶合集成大宗交易成交9.69万股，成交额335.47万元，占当日总成交额的0.13%，成交价 34.62元，较市场收盘价34.62元持平。 ...

Core Insights - TrendForce reports that the global top ten foundry companies achieved a revenue increase of 8.1% quarter-on-quarter in Q3 2025, reaching $45.086 billion (approximately 318.586 billion RMB) [1][2] Group 1: Revenue and Market Share - TSMC remains the largest foundry with a revenue of $33.063 billion in Q3 2025, reflecting a 9.3% increase from the previous quarter and holding a market share of 71% [2] - Samsung follows with a revenue of $3.184 billion, showing a 0.8% increase and a market share of 6.8% [2] - SMIC reported a revenue of $2.382 billion, up 7.8%, maintaining a market share of 5.1% [2] - UMC's revenue reached $1.975 billion, increasing by 3.8%, with a market share of 4.2% [2] - GlobalFoundries had stable revenue at $1.688 billion, with a market share of 3.6% [2] - Huahong Group saw significant growth with a 14.3% increase in revenue to $1.213 billion, capturing a 2.6% market share [2] - The total revenue for the top ten foundries indicates a strong demand driven by AI HPC and new consumer electronics [2] Group 2: Future Outlook - For Q4 2025, TrendForce anticipates a more conservative outlook for the foundry industry due to international conditions and rising memory prices, which may limit growth momentum in capacity utilization [3] - Despite a potential rebound in demand from automotive and industrial control sectors, the overall revenue growth for the top ten foundries is expected to slow down significantly [3]

Core Insights - The 2025 Anhui Listed Companies High-Quality Development Forum highlighted the growth and performance of listed companies in Anhui province, showcasing a significant increase in the number of companies and their overall development capabilities [1][3]. Group 1: Company Growth and Performance - As of the end of November, Anhui has 186 listed companies, marking a nearly 50% increase since the end of the 13th Five-Year Plan, ranking 7th nationally and first in Central China [3]. - In the first 11 months of this year, Anhui added 5 new listed companies, ranking 5th in the country, with 12 new IPO applications and 21 companies in counseling, also ranking 4th nationally [3]. Group 2: Ranking of Comprehensive Development Ability - The 2025 Anhui Listed Companies series rankings evaluated companies based on comprehensive development ability, total investment scale, innovation capability, operational efficiency, and ESG performance [4]. - iFlytek ranked first in comprehensive development ability, followed by Jinghe Integration and Aiko Optoelectronics [5]. Group 3: Investment and Financing Scale - The total investment scale of listed companies in Anhui is steadily increasing, with Conch Cement, Anhui Construction, and Sunshine Power leading in total investment scale [6][7]. - Conch Cement has a total investment scale of 2270.46 billion, followed by Gujing Distillery at 379.80 billion and Anhui Construction at 1373.55 billion [7]. Group 4: Operational Efficiency - The operational efficiency of listed companies is crucial for revenue generation, with Shannon Chip, Koushijiao, and Gujing Distillery ranking highest in operational capability [8]. Group 5: Innovation Capability - Aiko Optoelectronics, Rena Intelligent, and Koweil ranked highest in innovation capability, indicating a steady improvement in the innovation capacity of Anhui listed companies [10][11]. Group 6: ESG Performance - Three companies achieved a comprehensive ESG score above 0.7, indicating strong performance in environmental, social, and governance metrics [12].

Market Performance - The Anhui state-owned enterprise reform sector rose by 0.13% compared to the previous trading day, with Tongguan Copper Foil leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Top Gainers - Tongguan Copper Foil (301217) closed at 32.86, up 6.65% with a trading volume of 502,100 shares and a transaction value of 1.643 billion [1] - Jinghe Integrated (688249) closed at 32.46, up 5.18% with a trading volume of 543,000 shares and a transaction value of 1.728 billion [1] - Hefei Urban Construction (002208) closed at 12.22, up 4.98% with a trading volume of 1,061,400 shares and a transaction value of 1.284 billion [1] Top Losers - Hengnong Heavy (600971) closed at 6.62, down 2.22% with a trading volume of 132,300 shares and a transaction value of 88.0431 million [2] - Anhui Electric Power (000543) closed at 8.16, down 1.57% with a trading volume of 345,200 shares and a transaction value of 282 million [2] - Huai Bei Mining (600985) closed at 11.60, down 1.53% with a trading volume of 235,200 shares and a transaction value of 273 million [2] Capital Flow - The Anhui state-owned enterprise reform sector experienced a net outflow of 26.9167 million from main funds, while retail investors saw a net inflow of 43.5742 million [2] - The main funds showed a significant net inflow in Jinghe Integrated (688249) amounting to 267.1 million, while retail investors had a net outflow of 26.4 million [3] - Tongguan Copper Foil (301217) had a net inflow of 86.5213 million from main funds, with retail investors contributing a net inflow of 23.5911 million [3]

智通财经APP获悉，12月6日，中国证监会公布境外发行上市备案补充材料要求公示(2025年12月1日— 2025年12月5日)。证监会要求晶合集成(688249.SH)补充说明设立及历次股权变动是否合法合规出具明 确结论性意见。据港交所9月29日披露，晶合集成向港交所主板提交上市申请书，中金公司为其独家保 荐人。 招股书显示，晶合集成是一家全球领先的12英寸纯晶圆代工企业。自2015年成立以来，始终致力于研发 并应用行业先进的工艺，为客户提供覆盖150nm至40nm制程、多种应用的工艺平台晶圆代工业务，并 稳定推进28nm平台发展。 同时，证监会要求其进一步说明发行人境内子公司是否存在《境内企业境外发行证券和上市管理试行办 法》第八条规定的不得境外发行上市的情形。说明发行人募集资金用途涉及境外投资所履行的相关审 批、核准或备案程序情况。说明发行人及下属公司经营范围和实际业务经营是否涉及《外商投资准入特 别管理措施(负面清单)(2024年版)》外资禁止或限制准入领域。 ...

招股书显示，晶合集成是一家全球领先的12英寸纯晶圆代工企业。自2015年成立以来，始终致力于研发 并应用行业先进的工艺，为客户提供覆盖150nm至40nm制程、多种应用的工艺平台晶圆代工业务，并 稳定推进28nm平台发展。 同时，证监会要求其进一步说明发行人境内子公司是否存在《境内企业境外发行证券和上市管理试行办 法》第八条规定的不得境外发行上市的情形。说明发行人募集资金用途涉及境外投资所履行的相关审 批、核准或备案程序情况。说明发行人及下属公司经营范围和实际业务经营是否涉及《外商投资准入特 别管理措施(负面清单)(2024年版)》外资禁止或限制准入领域。 智通财经APP获悉，12月6日，中国证监会公布境外发行上市备案补充材料要求公示(2025年12月1日— 2025年12月5日)。证监会要求晶合集成(688249.SH)补充说明设立及历次股权变动是否合法合规出具明 确结论性意见。据港交所9月29日披露，晶合集成向港交所主板提交上市申请书，中金公司为其独家保 荐人。 ...

12月6日，中国证监会公布境外发行上市备案补充材料要求公示(2025年12月1日—2025年12月5日)。证 监会要求晶合集成(688249.SH)补充说明设立及历次股权变动是否合法合规出具明确结论性意见。据港 交所9月29日披露，晶合集成向港交所主板提交上市申请书，中金公司（601995）为其独家保荐人。 同时，证监会要求其进一步说明发行人境内子公司是否存在《境内企业境外发行证券和上市管理试行办 法》第八条规定的不得境外发行上市的情形。说明发行人募集资金用途涉及境外投资所履行的相关审 批、核准或备案程序情况。说明发行人及下属公司经营范围和实际业务经营是否涉及《外商投资准入特 别管理措施(负面清单)(2024年版)》外资禁止或限制准入领域。 招股书显示，晶合集成是一家全球领先的12英寸纯晶圆代工企业。自2015年成立以来，始终致力于研发 并应用行业先进的工艺，为客户提供覆盖150nm至40nm制程、多种应用的工艺平台晶圆代工业务，并 稳定推进28nm平台发展。 ...

Core Insights - The electronic ETF (159997) and chip ETF Tianhong (159310) have shown strong performance, with significant inflows and notable increases in the underlying indices they track [1][2][3] Fund Performance - As of December 8, 2025, the electronic ETF (159997) recorded a transaction volume of 33.48 million yuan, with the underlying index rising by 2.52% [1] - The chip ETF Tianhong (159310) had a transaction volume of 10.41 million yuan, with its index increasing by 2.76% [2] - Over the past 20 trading days, the electronic ETF attracted a total of 29.41 million yuan, while the chip ETF attracted 12.28 million yuan [2] Sector Highlights - The electronic ETF focuses on the semiconductor and consumer electronics sectors, covering hot industries such as AI chips, automotive electronics, 5G, cloud computing, and printed circuit boards (PCB) [2] - The top ten weighted stocks in the electronic ETF include major players like Industrial Fulian, Haiguang Information, and Luxshare Precision [2] Industry Trends - In the first ten months of the year, China's smartphone production exceeded 1 billion units, with a slight year-on-year increase of 0.7% [6] - The integrated circuit production reached 386.6 billion units, marking a year-on-year growth of 10.2% [6] - The electronic information manufacturing industry achieved a revenue of 14 trillion yuan, up 8.3% year-on-year, and a total profit of 570 billion yuan, up 12.8% [6] Strategic Developments - China Telecom is accelerating the construction of computing power infrastructure and enhancing the adaptation of domestic computing power chips, focusing on AI applications [7] - The company aims to provide end-to-end services and promote green and low-carbon initiatives in its operations [7] Institutional Perspectives - Guojin Securities remains optimistic about AI-PCB and core computing hardware, as well as the Apple supply chain and self-controlled beneficiary industries, citing strong demand and growth potential [9]

Core Viewpoint - Chinese companies must obtain a filing notice from the China Securities Regulatory Commission (CSRC) to list in Hong Kong, and they need to submit this notice at least four business days before the listing hearing approval date [2][12]. Group 1: Regulatory Requirements - The CSRC issued supplementary material requirements for two companies, Bawei Storage and Jinghe Integration, for their overseas listing applications during the week of December 1 to December 5, 2025 [2][12]. - Companies must pass the Hong Kong Stock Exchange's listing hearing to be listed on the exchange [2][12]. Group 2: Bawei Storage - Bawei Storage is required to clarify the following points: 1. The compliance and operational status of its technology export business over the past three years [3]. 2. The approval, authorization, or filing procedures related to the use of raised funds for overseas investments [3]. 3. The compliance of its subsidiaries' business scope with the "Negative List for Foreign Investment Access (2024 Edition)" [3] [12]. Group 3: Jinghe Integration - Jinghe Integration must provide clarification on: 1. The legality and compliance of its establishment and any changes in equity [6]. 2. Whether its domestic subsidiaries fall under the prohibitions outlined in the "Interim Measures for the Administration of Overseas Issuance of Securities and Listing by Domestic Enterprises" [6]. 3. The approval, authorization, or filing procedures related to the use of raised funds for overseas investments [6]. 4. The compliance of its business operations with the "Negative List for Foreign Investment Access (2024 Edition)" [6].

Group 1 - The company has achieved mass production of 55nm mid-to-high-end and stacked CIS, positively contributing to revenue growth [1] - The 40nm high-voltage OLED display driver chip has also entered mass production [1] - The 28nm logic chip continues to undergo wafer processing, with further product developments to be announced in company announcements [1]