1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints of the Report - Since August, the pace of changes in the supply - demand structure of the convertible bond market has accelerated. On the demand side, insurance funds have rapidly and significantly reduced their holdings of convertible bonds, while the demand from public funds has remained stable. On the supply side, although the number of forced redemptions has increased significantly since August, the enthusiasm for new convertible bond proposals has been high, and the review speed has marginally accelerated [1][10][14]. - The A - share market fluctuated sharply this week. The current A - share market valuation has significantly recovered. Large - scale equipment renewal and consumer product trade - in measures are expected to boost domestic demand, and the export growth rate may decline. The Fed has re - entered the interest rate cut cycle, and the weak resonance between the domestic economic fundamentals and the capital side is expected to gradually start [27]. - Considering the impact of refinancing policies, the subsequent issuance pressure of convertible bonds is expected to be low. The risk of a correction in convertible bond valuations has been temporarily alleviated. However, in the context of stock market volatility and the strong "taking - profits" sentiment of institutions in the fourth quarter, the short - term profit - making effect of the convertible bond market may be weak. Attention should be paid to the band - trading opportunities of convertible bonds in a volatile market [28]. 3. Summary According to the Directory 1. Convertible Bond Weekly Special Topic and Outlook 1.1 What are the Highlights of New Convertible Bond Issues? - Since August, the demand - side of the convertible bond market has seen insurance funds significantly reducing their holdings, while public funds have increased their positions. On the supply - side, new convertible bond proposals have been actively submitted, and the review speed has accelerated. For example, in August, 18 new convertible bond proposals passed the board of directors, reaching the level of March 2023. In September, 17 proposals passed the general meeting of shareholders, and 7 passed the listing committee review, reaching the level of January 2024 [1][10][14]. - As of October 10, there are 4 convertible bond proposals awaiting issuance after obtaining the CSRC's approval for registration, and 8 public convertible bond proposals have passed the listing committee review, with a total scale of 530.5 million yuan. The industry distribution of these convertible bonds is mainly in TMT, advanced manufacturing, and cyclical industries [15][20]. 1.2 Weekly Review and Market Outlook - This week, the A - share market fluctuated sharply. Before the holiday, the A - share market rose, with the new energy industry chain and semiconductors leading the gains. After the holiday, the market first rose and then fell. The current A - share market valuation has recovered, and domestic demand is expected to be boosted, but the export growth rate may decline [27]. - In the convertible bond market, the subsequent issuance pressure is expected to be low. The short - term profit - making effect may be weak, and attention should be paid to band - trading opportunities. Industries to focus on include popular themes such as semiconductors and AI, domestic - demand - oriented sectors, and central state - owned enterprises under the China - specific valuation system [28][29]. 2. Weekly Tracking of the Convertible Bond Market 2.1 The Equity Market Style is Differentiated, and Pro - cyclical Sectors are Strengthening - From September 29 to October 10, the equity market showed mixed performance. The market style was more inclined to large - cap growth stocks. 26 Shenwan industry indices rose, and 5 declined. The non - ferrous metals, steel, and basic chemical industries led the gains [32][34]. 2.2 The Convertible Bond Market Rose Narrowly, and the Premium Rate for 100 - yuan Par Value Rebounded - From September 29 to October 10, the convertible bond market rose. The average daily trading volume decreased. Most individual bonds rose. The non - ferrous metals, beauty care, and non - bank financial industries led the gains in the convertible bond market, while the communication industry declined [38][39]. - The weighted conversion value of the entire market increased, and the premium rate rose. The median price of convertible bonds increased, and the number of medium - and low - priced convertible bonds decreased [45][49]. 2.3 High - frequency Tracking of Different Types of Convertible Bonds 2.3.1 Classification Valuation Changes - This week, the valuations of equity - biased and balanced convertible bonds increased. Among different par - value convertible bonds, the valuation of 80 - 90 yuan par - value convertible bonds increased more significantly. The valuations of AA + and AA - rated convertible bonds decreased, while those of other ratings increased. The valuations of large - cap and small - cap convertible bonds increased significantly, while those of other scales decreased [60]. - Since the beginning of 2024, the conversion premium rates of equity - biased and balanced convertible bonds have rebounded from the bottom [60]. 2.3.2 Market Index Performance - This week, convertible bonds of all ratings and scales rose. Since 2023, high - rated AAA convertible bonds have shown stable performance, while low - rated convertible bonds have shown weaker anti - decline ability and greater rebound strength [71]. 3. Tracking of Convertible Bond Supply and Terms 3.1 This Week's Primary Proposals Issuance - This week, there were no newly listed convertible bonds, and there were 3 convertible bonds awaiting listing, with a total scale of 730.2 million yuan. The number of primary approvals was 10 [76]. - From the beginning of 2023 to October 10, 2025, there were 103 convertible bond proposals in total, with a total scale of 15.8329 billion yuan. The number and scale of proposals at different stages vary [77]. 3.2 Downward Revision & Redemption Clauses - This week, 9 convertible bonds were expected to trigger downward revisions, 4 announced no downward revisions, 0 proposed downward revisions, and 1 actually carried out a downward revision. Six convertible bonds were expected to trigger redemptions, 0 announced no redemptemptempt 0 announced no redemptions, and 5 announced early redemptions [5][83][84]. - As of the end of this week, there were 0 convertible bonds in the put - option declaration period and 9 in the company's capital - reduction repayment declaration period [88].

登录新浪财经APP 搜索【信披】查看更多考评等级 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ■ 一、回购股份的基本情况 2025年6月18日，公司召开第二届董事会第五次会议，审议通过了《关于公司以集中竞价交易方式回购 公司股份方案的议案》，同意公司使用超募资金、自有资金及股票回购专项贷款资金通过上海证券交易 所交易系统以集中竞价交易方式回购公司已发行的部分人民币普通股（A股）股票。本次回购价格不超 过人民币16.61元/股（含税），回购股份期限为自公司董事会审议通过本次回购方案之日起12个月内。 回购股份金额不低于人民币7,500万元（含），不超过人民币15,000万元（含）。本次回购的股份将在未 来适宜时机用于员工股权激励或员工持股计划。具体内容详见公司于2025年6月19日、2025年7月2日在 上海证券交易所网站（www.sse.com.cn）披露的《合肥颀中科技股份有限公司关于以集中竞价交易方式 回购公司股份方案的公告》（公告编号：2025-028）、《合 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：688352 证券简称：颀中科技 公告编号：2025-053 合肥颀中科技股份有限公司 关于以集中竞价交易方式回购股份的进展公告 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关法律法规规定，公司在回购期间应当在每个月的前 3 个 交易日内公告截至上月末的回购进展情况，现将公司回购股份的进展情况公告如 下： 2025 年 9 月，公司未回购股份。截至 2025 年 9 月 30 日，公司通过上海证券 交易所交易系统以集中竞价交易方式累计回购公司股份 8,714,483 股，占公司总 股本 1,189,037,288 股的比例为 0.73%，回购成交的最高价为 11.86 元/股，最低 价为 11.10 元/股，支付的资金总额为人民币 100,398,688.97 元（不含印花税、交 易佣金等交易费用，上述数据保留两位小数，数据如有尾差，为四舍五入所致）。 上述回购股份符合法律法规的规定及公司回购股份方案。 三 ...

Core Points - The company announced the cancellation of the supervisory board and the revision of its articles of association [2] - The company held its sixth board meeting and sixth supervisory board meeting on August 21 and September 16, 2025, respectively [2] - The company has completed the industrial and commercial registration of the revised articles of association [2]

证券代码：688352 证券简称：颀中科技 公告编号：2025-052 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 合肥颀中科技股份有限公司（以下简称"公司"）于 2025 年 8 月 21 日及 2025 年 9 月 16 日分别召开了公司第二届董事会第六次会议、第二届监事会第六次会 议及 2025 年第一次临时股东大会，审议通过了《关于取消监事会暨修订<公司章 程>的议案》，具体内容详见公司于 2025 年 8 月 22 日、2025 年 9 月 17 日分别在 上海证券交易所网站（www.sse.com.cn）披露的《合肥颀中科技股份有限公司关 于取消监事会、修订<公司章程>及制定、修订公司部分内部治理制度的公告》（公 告编号：2025-043）、《合肥颀中科技股份有限公司 2025 年第一次临时股东大会 决议公告》（公告编号：2025-050）。 近日，公司已完成《合肥颀中科技股份有限公司章程》（以下简称"《公司章 程》"）工商备案登记工作。本次修订后的《公司章程》详见公司于 2025 年 8 月 22 日在上 ...

Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board 100 Index has shown a strong upward trend, with significant gains in constituent stocks such as Qizhong Technology and Tiannai Technology [3] - The ETF tracking the Sci-Tech 100 Index has also experienced a notable increase, reflecting positive market sentiment and liquidity [3][6] Group 1: Electronic Sector Developments - The Ministry of Transport and six other departments have issued implementation opinions on "Artificial Intelligence + Transportation," aiming to popularize AI applications in the sector by 2027 [4] - The National Development and Reform Commission and six other departments have released measures to strengthen the cultivation of innovative digital economy enterprises, enhancing computing power resource support [4] - Moore Threads has successfully passed the listing review by the Shanghai Stock Exchange [4] Group 2: Battery and Robotics Innovations - A research team led by a professor from Tsinghua University has made significant progress in polymer electrolytes for lithium batteries, which may provide important technical references for solid-state battery development [4] - Yushu Technology plans to release a humanoid robot in the second half of the year, while Tesla is accelerating the mass production of its Optimus robot [4] Group 3: Investment Opportunities - The demand for AI computing power is driving growth in sectors such as CPO, PCB, and semiconductors, creating a favorable environment for the electronic sector [5] - Solid-state batteries are gaining attention as the next-generation power battery due to their high energy density and safety, accelerating their industrialization process [5] - The robotics sector is rapidly developing, with increasing investment value and potential as a key area for future technology investments [5] Group 4: ETF Performance and Composition - The Sci-Tech 100 Index ETF has seen a significant increase in scale and shares, ranking second among comparable funds in terms of new scale and shares added [6] - The ETF has recorded a net inflow of funds, indicating strong investor interest and confidence in the technology sector [6] - The top three industries represented in the Sci-Tech 100 Index are electronics (37.51%), pharmaceuticals (18.97%), and power equipment (12.8%), highlighting the index's focus on high-growth technology sectors [6][7]

集成电路封测板块直线拉升，颀中科技涨超10%，甬矽电子、伟测科技、气派科技、汇成股份、晶方科 技等跟涨。 ...

Core Viewpoint - The company anticipates significant growth in its display chip packaging and testing business, driven by industry shifts and government subsidies, with a particularly strong demand expected in the second half of 2025 [1] Group 1: Display Chip Packaging and Testing - The transfer effect in the display industry is expected to continue, especially for large-size COF and TDDI COG products [1] - Rapid demand increase is anticipated in the third quarter, with further growth expected in the fourth quarter [1] - The penetration rate of AMOLED technology continues to rise [1] Group 2: Non-Display Chip Packaging and Testing - Cu bump packaging is projected to see incremental growth quarter by quarter in the second half of 2025 [1] - Although the DPS segment is expected to have low utilization rates in the first half of 2025, a recovery is anticipated in the second half [1] - The overall outlook remains cautiously optimistic [1]

关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2025 年 09 月 29 日（星期一）下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心 （网址：https://roadshow.sseinfo.com/） 证券代码：688352 证券简称：颀中科技 公告编号：2025-051 合肥颀中科技股份有限公司 （三）会议召开方式：上证路演中心网络文字互动 三、参加人员 董事、总经理：杨宗铭先生 职工代表董事、副总经理、董事会秘书、财务总监：余成强先生 独立董事：解光军先生 (如遇特殊情况，参会人员可能进行调整) 四、投资者参加方式 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 09 月 22 日（星期一）至 09 月 26 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 irsm@chipmore.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 ...

Group 1 - The core viewpoint of the news is the performance and market position of Qizhong Technology, which saw a stock price increase of 5.11% to 12.96 CNY per share, with a total market capitalization of 15.41 billion CNY [1] - Qizhong Technology, established on January 18, 2018, specializes in advanced packaging and testing services for integrated circuits, covering various products including display driver chips and power management chips [1] - The revenue composition of Qizhong Technology is primarily from display driver ICs at 92.09%, followed by non-display driver ICs at 6.43%, and other sources at 1.48% [1] Group 2 - Among the top shareholders of Qizhong Technology, the Jiashi Fund's ETF (588200) increased its holdings by 1.0203 million shares, now holding 11.2625 million shares, which is 3.08% of the circulating shares [2] - The Jiashi ETF has a total scale of 27.806 billion CNY and has achieved a year-to-date return of 54.13%, ranking 318 out of 4222 in its category [2] - Over the past year, the Jiashi ETF has delivered a return of 163.1%, ranking 15 out of 3804 in its category [2]