Group 1 - The core viewpoint of the news highlights the strong performance of major stock indices driven by the lithium battery sector, with the ChiNext Index rising over 2% and the Shanghai Composite Index surpassing 4000 points [1] - The AI ETF (515070) turned positive during trading, with significant gains in holdings such as Fudan Microelectronics, which rose over 4%, and other companies like Beijing Junzheng, Huida Technology, and Chipone, all increasing by more than 3% [1] - There has been a continuous inflow of funds into the AI sector, with a net inflow of 380 million yuan over the past five trading days [1] Group 2 - The "Global Artificial Intelligence Standard Development Report" was released at the Wuzhen Summit, proposing a responsible AI standard framework to promote industry regulation [1] - XPeng Motors announced the launch of its next-generation humanoid robot, IRON, equipped with three Turing chips and a physical world model, increasing attention on the robotics and AI hardware chain [1] - Open Source Securities believes that the combination of policy scenario openness and decreasing model costs is leading to an accelerated implementation phase for AI applications, with rapid penetration in B-end scenarios such as marketing, supply chain, and finance [1] Group 3 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), selecting component stocks that provide technology, basic resources, and application end companies, focusing on the midstream and upstream of the AI industry chain [2] - Key weighted stocks include leading domestic technology companies such as NewEase, Cambrian, Zhongke Shuguang, iFlytek, OmniVision, Hikvision, Lattice Semiconductor, Kingsoft, and Unisplendour [2]

Core Insights - Fudan Microelectronics experienced a 5.1% increase in stock price, reaching 59.14 CNY per share, with a trading volume of 444 million CNY and a turnover rate of 1.43%, resulting in a total market capitalization of 48.579 billion CNY [1] Company Overview - Fudan Microelectronics Group Co., Ltd. was established on July 10, 1998, and went public on August 4, 2021. The company is primarily engaged in integrated circuit (IC) related businesses [1] - The company operates through two main business segments: design, development, and sales of integrated circuits, and providing integrated circuit testing services. Additionally, it engages in manufacturing probe cards, developing and selling computer software, hardware, electronic products, and communication systems, as well as offering investment management and consulting services [1] - The revenue composition of the company includes: FPGA and other products (37.04%), non-volatile memory (23.92%), security and identification chips (21.35%), smart meter chips (13.46%), integrated circuit testing services (4.15%), and rental income (0.09%) [1] Fund Holdings - According to data, one fund under Baodao holds a significant position in Fudan Microelectronics. The Baodao SSE STAR Market Composite Index Enhanced A (023901) held 117,700 shares in the third quarter, accounting for 1.14% of the fund's net value, making it the eighth largest holding. The estimated floating profit for today is approximately 337,800 CNY [2] - The Baodao SSE STAR Market Composite Index Enhanced A (023901) was established on April 29, 2025, with a latest scale of 78.021 million CNY and has achieved a return of 36.85% since inception [2] Fund Manager Profile - The fund manager of Baodao SSE STAR Market Composite Index Enhanced A (023901) is Yang Meng, who has been in the position for 7 years and 98 days. The total asset scale of the fund is 18.856 billion CNY, with the best fund return during the tenure being 172.5% and the worst being -27.34% [3]

Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index has seen a strong increase of 1.04%, with notable gains from stocks such as Fudan Microelectronics (up 3.43%) and Lanke Technology (up 3.24%) [1] - OpenAI has announced the launch of its flagship GPT-5.1 model, aimed at enhancing the intelligence and user experience of ChatGPT, with the rollout starting this week [1] - Quark has scheduled the launch of its AI glasses for November 27, with pre-sales ranking first in various categories during the Double 11 shopping festival [1] Industry Analysis - The Quark AI glasses S1 integrate Alibaba's Qwen closed-source model and offer deep integration with core applications like Alipay and Taobao, covering high-frequency use cases such as payment and navigation [2] - Domestic AI models like MiniMax M2 and DeepSeek show stronger adaptability in the A-share market compared to international models like GPT-5, indicating that investment strategies should be tailored to specific market conditions [2] - The global sales of AI smart glasses surged by 370% year-on-year in Q3 2025, signaling a high-growth phase for the industry, with key components like optical displays and storage benefiting directly [2] Fund Performance - The Sci-Tech AI ETF has experienced a significant scale increase of 32.45 billion yuan over the past six months [3] - The ETF's share count grew by 4.32 million shares in the past week, with a total net inflow of 331 million yuan over four days, averaging 82.87 million yuan daily [4] - The underlying index of the ETF consists of 30 major companies in the AI sector, with the top ten stocks accounting for 70.92% of the index [4]

Core Insights - Fudan Microelectronics shares increased by 2.01% on November 13, reaching 57.40 CNY per share, with a total market capitalization of 47.15 billion CNY [1] Company Overview - Fudan Microelectronics Group Co., Ltd. was established on July 10, 1998, and went public on August 4, 2021. The company is primarily engaged in integrated circuit (IC) related businesses [2] - The company operates through two main segments: design, development, and sales of integrated circuits, and providing integrated circuit testing services. It also engages in manufacturing probe cards and offers various technology consulting services [2] - The revenue composition includes: FPGA and other products (37.04%), non-volatile memory (23.92%), security and identification chips (21.35%), smart meter chips (13.46%), integrated circuit testing services (4.15%), and rental income (0.09%) [2] Financial Performance - As of September 30, the number of shareholders increased by 26.42% to 27,500, while the average number of tradable shares per person decreased by 20.91% to 19,562 shares [3] - For the period from January to September 2025, the company reported revenue of 3.024 billion CNY, a year-on-year increase of 12.70%, while net profit attributable to shareholders decreased by 22.69% to 330 million CNY [3] Dividend and Shareholding - Since its A-share listing, Fudan Microelectronics has distributed a total of 311 million CNY in dividends, with 258 million CNY distributed over the past three years [4] - As of September 30, 2025, notable institutional shareholders include: - Harvest CSI Star Market Chip ETF (588200) as the fifth largest shareholder, holding 7.3177 million shares, a decrease of 336,900 shares from the previous period - Hong Kong Central Clearing Limited as the eighth largest shareholder, holding 6.8043 million shares, an increase of 1.0204 million shares - Southern Military Reform Flexible Allocation Mixed A (004224) as the ninth largest shareholder, holding 6.4227 million shares, an increase of 767,800 shares - Southern CSI 500 ETF (510500) as the tenth largest shareholder, holding 4.7347 million shares, a new entry [4]

Core Viewpoint - Fudan Microelectronics experienced a decline in stock price and trading volume on November 12, with significant financing activities indicating a mixed sentiment among investors [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Fudan Microelectronics reported a revenue of 3.024 billion yuan, representing a year-on-year growth of 12.70% [2]. - The company's net profit attributable to shareholders was 330 million yuan, showing a year-on-year decrease of 22.69% [2]. - Cumulative cash dividends since the A-share listing amount to 311 million yuan, with 258 million yuan distributed over the past three years [3]. Group 2: Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased by 26.42% to 27,500, while the average circulating shares per person decreased by 20.91% to 19,562 shares [2]. - On November 12, the financing buy-in amount was 25.24 million yuan, while the financing repayment was 26.27 million yuan, resulting in a net financing outflow of 1.03 million yuan [1]. - The total balance of margin trading for Fudan Microelectronics reached 650 million yuan, with the financing balance accounting for 2.13% of the circulating market value, indicating a high level compared to the past year [1]. Group 3: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included notable entities such as the Harvest SSE STAR Chip ETF, which held 7.32 million shares, a decrease of 336,900 shares from the previous period [3]. - The Hong Kong Central Clearing Limited increased its holdings to 6.80 million shares, up by 1.02 million shares [3]. - The Southern Military Reform Flexible Allocation Mixed A Fund entered the top ten shareholders with 4.73 million shares, marking a new investment [3].

Group 1 - The core viewpoint of the news is that Fudan Microelectronics has experienced a decline in stock price and trading activity, with a notable drop in net profit year-on-year despite revenue growth [1][3]. Group 2 - Fudan Microelectronics, established on July 10, 1998, and listed on August 4, 2021, operates primarily in the integrated circuit (IC) sector, focusing on design, development, and sales of ICs, as well as providing testing services [2]. - The company's revenue composition includes 37.04% from FPGA and other products, 23.92% from non-volatile memory, 21.35% from security and identification chips, 13.46% from smart meter chips, and 4.15% from IC testing services [2]. - As of September 30, 2025, the number of shareholders increased by 26.42% to 27,500, while the average circulating shares per person decreased by 20.91% to 19,562 shares [3]. - For the period from January to September 2025, Fudan Microelectronics reported a revenue of 3.024 billion yuan, a year-on-year increase of 12.70%, while net profit attributable to shareholders decreased by 22.69% to 330 million yuan [3]. - The company has distributed a total of 311 million yuan in dividends since its A-share listing, with 258 million yuan distributed over the past three years [4]. - Among the top ten circulating shareholders as of September 30, 2025, notable changes include a decrease in holdings by the fifth-largest shareholder and an increase by the eighth-largest shareholder [4].

Group 1 - The storage chip sector experienced a collective rise, with companies like ShenGong Co. and Yingtang Zhikong hitting the daily limit, while others like Purun Co. and Shannon Chip also saw significant gains [1] - SanDisk, a leader in flash memory, announced a substantial price increase of up to 50% for NAND flash contracts, prompting companies like Transcend and ADATA to halt shipments and reassess pricing [1] - SanDisk's Q1 FY2026 revenue reached $2.308 billion, a 23% year-over-year increase, with NAND product demand exceeding supply and inventory turnover days decreasing from 135 to 115 days [1] Group 2 - The average stock price of storage-related companies has risen by 85.43% this year, with Demingli, Dongxin Co., and Jiangbolong leading with increases of 355.04%, 264.46%, and 230.31% respectively [2] - In November, seven storage concept stocks were investigated by institutions, with companies like Kechuang Data and Fudan Microelectronics receiving significant attention [2] - Kechuang Data reported a revenue of 8.331 billion yuan for the first three quarters of the year, a 54.43% increase year-over-year, benefiting from the rapid growth of AI services and a favorable storage market [2] Group 3 - Among storage concept stocks, companies like Lanke Technology, Unisoc, and Zhaoyi Innovation reported net profits exceeding 1 billion yuan in the first three quarters [3] - More than half of the storage concept stocks received increased financing in November, with six stocks seeing net purchases exceeding 100 million yuan, including Jiangbolong and Demingli [3]

Core Viewpoint - Shanghai Fudan Microelectronics Group Co., Ltd. (referred to as "the company" or "Fudan Microelectronics") announced the release of its Q3 2025 report on October 29, 2025, and plans to hold a performance briefing on November 21, 2025, to address investor concerns [1]. Summary by Categories - **Company Announcement** - The company has released its Q3 2025 report on October 29, 2025 [1]. - A performance briefing is scheduled for November 21, 2025, from 16:00 to 17:00 [1]. - **Investor Engagement** - The briefing aims to provide a comprehensive understanding of the company's operational results and financial status during the reporting period [1]. - The company intends to engage with investors on issues of concern [1].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因公告全部或任何部份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 上海復旦微電子集團股份有限公司 Shanghai Fudan Microelectronics Group Company Limited* (在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ) (股 份 編 號: 1385) 海外監管公告 本公告乃上海復旦微電子集團股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第 13.10B 條的規定刊發。 茲載列本公司於上海證券交易所網站刊發的《召開 2025 年第三季度業績說明會的公 告》，僅供參閱。 承董事會命 上 海 復 旦 微 電 子 集 團 股 份 有 限 公 司 董事長 張衛先生 中國，上海，2025 年 11 月 10 日 於本公告日期，本公司之執行董事為張衛先生及沈磊先生； 非執行董事為閆娜女士、 莊啟飛先生、張睿女士及宋加勒先生；獨立非執行董事為石艶玲女士、王美娟女士及胡 雪先生。 *僅供識別 | A ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因公告全部或任何部份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 上海復旦微電子集團股份有限公司 (股 份 編 號: 1385) 海外監管公告 本公告乃上海復旦微電子集團股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第 13.10B 條的規定刊發。 茲載列本公司於上海證券交易所網站刊發的《第十届董事會第五次會議决議公告》，僅 供參閱。 承董事會命 上 海 復 旦 微 電 子 集 團 股 份 有 限 公 司 董事長 張衛先生 中國，上海，2025 年 11 月 10 日 於本公告日期，本公司之執行董事為張衛先生及沈磊先生； 非執行董事為閆娜女士、 莊啟飛先生、張睿女士及宋加勒先生；獨立非執行董事為石艶玲女士、王美娟女士及胡 雪先生。 Shanghai Fudan Microelectronics Group Company Limited* (在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ) 一、审议通过《关于提名第十届董 ...