Group 1 - The core point of the article is that Huicheng Co., Ltd. announced a change in the signing registered accountant for its 2025 financial report and internal control audit due to internal adjustments at the accounting firm [2] - The new signing registered accountant, Cheng Hui, will replace Yang Chenghui, and will sign alongside Lei Hong, with no expected impact on the audit work [2]

Core Viewpoint - The company Huicheng Co., Ltd. (688403.SH) has received a notification from its controlling shareholder, Yangzhou Xinrui Lian, regarding a proposed capital increase and change in shareholding structure, which will not significantly impact the company's operations or lead to a change in control [1] Group 1 - Yangzhou Xinrui Lian plans to sign an agreement with Hefei Bai Ruifa Enterprise Management Partnership (Limited Partnership) for capital increase, making Hefei Bai Ruifa a limited partner [1] - The capital increase and shareholding structure change will not alter the number of shares held by the controlling shareholder, thus not affecting the company's operational control [1] - The total shareholding of the controlling shareholder and its concerted parties remains unchanged, and the changes do not trigger a mandatory tender offer [1]

Core Viewpoint - The company Huicheng Co., Ltd. (688403.SH) has received a notification from its controlling shareholder, Yangzhou Xinrui Lian, regarding a proposed capital increase and change in shareholding structure, which will not significantly impact the company's operations or lead to a change in control [1] Group 1 - Yangzhou Xinrui Lian plans to sign an agreement with Hefei Bai Ruifa Enterprise Management Partnership (Limited Partnership) for capital increase, making Hefei Bai Ruifa a limited partner [1] - The capital increase and shareholding structure change will not alter the number of shares held by the controlling shareholder, thus not affecting the company's operational control [1] - The total shareholding of the controlling shareholder and its concerted parties remains unchanged, indicating stability in ownership [1]

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。 | 证券代码：688403 | 证券简称：汇成股份 | 公告编号：2025-065 | | --- | --- | --- | | 转债代码：118049 | 转债简称：汇成转债 | | 合肥新汇成微电子股份有限公司 关于变更签字注册会计师的公告 合肥新汇成微电子股份有限公司（以下简称"公司"）分别于 2025 年 8 月 25 日、2025 年 11 月 17 日召开第二届董事会第十三次会议、2025 年第二次临时 股东会，审议通过了《关于聘任 2025 年度财务报告和内部控制审计机构的议 案》，同意聘任致同会计师事务所（特殊普通合伙）（以下简称"致同所"） 为公司 2025 年度财务报告和内部控制审计机构。具体内容详见公司于 2025 年 8 月 26 日在上海证券交易所（www.sse.com.cn）披露的《关于聘任 2025 年度会 计师事务所的公告》（公告编号 2025-050）。 三、本次变更对公司的影响 一、本次变更签字注册会计师的基本情况 致同所作为公司 20 ...

| 证券代码：688403 | 证券简称：汇成股份 | 公告编号：2025-066 | | --- | --- | --- | | 转债代码：118049 | 转债简称：汇成转债 | | 合肥新汇成微电子股份有限公司关于 控股股东拟增资暨股权结构发生变更的提示性公告 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： 本次控股股东拟增资暨股权结构发生变更属于合肥新汇成微电子股份有 限公司（以下简称"公司"）控股股东扬州新瑞连投资合伙企业（有限合伙） （以下简称"扬州新瑞连"）增资和股权结构变更，未导致其所持有的公司股份 数量发生变化，不会对公司经营产生重大影响，不触及要约收购。 本次变动未涉及公司控股股东及实际控制人变更，控股股东及一致行动 人合计持股数量未发生变化。 1/3 | 合伙人 | 类型 | 认缴出资额（人民币元） | 出资比例 | | --- | --- | --- | --- | | 杨会 | 普通合伙人 | 350,000.00 | 14% | | 纪念 | 有限合伙人 | 150,000.00 ...

汇成股份公告称，控股股东扬州新瑞连拟与杨会、纪念、合肥百瑞发签订协议，由合肥百瑞发增资并成 为有限合伙人，其他合伙人出资额不变。增资前，杨会、纪念出资比例分别为70%、30%；增资后，二 者出资比例变为14%、6%，合肥百瑞发出资200万元，占比80%。变更前后，扬州新瑞连均持有公司 174,103,622股，持股比例约20.29%，实际控制人仍为郑瑞俊、杨会夫妇，此次变更不影响公司经营及 治理。 ...

今年8月，一段影石创新"90后"创始人刘靖康给员工撒钱的视频在网络上流传，迅速引发热议。有人认 为这是"资本家的土味炫富"，也有人质疑该企业的企业文化。 12月25日，在罗永浩与刘靖康的访谈节目中，刘靖康回应撒钱的相关争议。 "的确做得不对，撒现金是我们每开一个新的系列，都会有的一个传统，但那次是复式的高低楼层结 构，因为人很多，在底下撒的话大家容易抢，（有人会）拿不到。"刘靖康表示。 此前，一段影石Insta360创始人兼董事长刘靖康向员工撒钱的视频在网上流传。画面中，刘靖康站在高 一层的楼上，向楼下的员工撒钱，员工伸手接钱。 董事长向楼下员工撒纸币！深圳知名公司道歉 事情的背景是，8月14日21时，影石创新全景无人机品牌宣布产品开启公测，并发布相应宣传视频。当 晚，该无人机项目团队的百余名员工（以研发人员为主）在公司深圳办公室内举行小规模团建活动。活 动过程中，公司董事长以个人薪金通过现金红包派发的方式参与互动。 影石创新在公告中表示，对本次事件造成的社会舆论影响表达歉意。公司将持续深化规范措施，努力为 广大投资者持续带来更好的回报。 刘靖康还称，自己在撒之前也有特别强调，不要挪动位置，不要弯腰，是为了让 ...

Core Insights - The core viewpoint of the article is that the company, Insta360, led by founder Liu Jingkang, believes it has a faster iteration speed compared to GoPro, which presents an opportunity for rapid market expansion [1][2]. Company Development - Liu Jingkang expressed that the company has a keen awareness of its faster iteration speed relative to GoPro, indicating a potential for quick market expansion [1]. - The company's motivation is not to eliminate competitors but to address unresolved issues in the market and expand it [2]. Media Perception - Liu Jingkang clarified that the company's internal and external messaging has never focused on defeating competitors, despite media narratives that often emphasize conflict for better engagement [2].

Core Viewpoint - The CEO of Insta360 expressed concerns about malicious competition and black public relations targeting the company, particularly in light of recent negative information about their new product, the Antigravity drone [1][2]. Group 1: Company Actions - Insta360 has initiated a campaign to collect leads on black public relations activities, offering rewards ranging from 1,000 to 10,000 yuan for information on malicious rumors and defamation against the brand [2]. - The company reported that over 2,500 instances of false malicious content appeared online within two weeks of the Antigravity drone's launch, and evidence of these activities has been documented [2]. Group 2: CEO's Statements - The CEO, Liu Jingkang, reflected on the intense competition and the impact of black public relations, mentioning that only 6 to 7 individuals have been imprisoned for such activities in the past three years, with an expectation of a significant increase in the coming years [1][4]. - Liu also highlighted the emotional toll of these challenges on innovation, questioning the motivation to innovate if the company faces such aggressive attacks [1][4].

Core Insights - The article highlights the recent success of domestic semiconductor companies, particularly Muxi Co., which achieved a market value of 350 billion yuan, contributing to a combined market value of over 1.2 trillion yuan for three major companies in the sector [1] - A wave of innovation-driven companies is emerging in China, with 215 new companies listed on A-shares and Hong Kong stocks by December 17, 2025, of which 62% are in hard technology and 24% are AI-related [1] - The article emphasizes the shift in the entrepreneurial landscape, with a growing number of founders coming from scientific and research backgrounds, indicating a trend towards more specialized and capable entrepreneurs [3][4] Group 1: Entrepreneurial Landscape - The main driving force behind new unicorns is shifting from opportunity-driven to capability-intensive, with a notable increase in entrepreneurs with scientific backgrounds [3] - Founders with research experience are becoming key players, often combining technical expertise with business acumen, leading to a more professional and long-term approach to entrepreneurship [4] - Data shows that alumni from top universities like Tsinghua have founded a significant number of unicorns, indicating the importance of academic backgrounds in the current entrepreneurial ecosystem [3] Group 2: Global Perspective - The new generation of unicorns adopts a "Born Global" philosophy, with over 90% of companies planning to expand internationally, contrasting with previous strategies focused on domestic markets [6] - Companies like Airwallex and Geek+ have successfully established global operations from inception, leveraging international markets to enhance domestic growth [6][7] - The article notes that China's strong supply chain advantages provide a competitive edge in hardware sectors, allowing companies to thrive in global markets [7] Group 3: Investment Trends - The article outlines the significant financing activities of listed companies, with notable investments in firms like Airwallex and Galaxy General, reflecting strong market confidence in these emerging players [10][12] - The trend of unicorns achieving substantial valuations and successful funding rounds underscores the robust growth potential in the hard technology sector [10][12] - The upcoming Entrepreneur China Annual Conference aims to connect capital, enterprises, and innovators, highlighting the importance of collaboration in fostering the next wave of unicorns [13]