Market Performance - A-shares showed strong performance with the Shanghai Composite Index surpassing 3900 points, closing at 3917.36, up 0.69% [1] - The Shenzhen Component Index rose by 1.47%, and the ChiNext Index increased by 2.23%, indicating a robust market sentiment [1][2] - Total trading volume in the Shanghai and Shenzhen markets reached 18.825 billion yuan, an increase of 1.336 billion yuan from the previous day [1] Semiconductor Sector - The semiconductor sector experienced significant gains, with stocks like Kema Technology and Lianang Microelectronics hitting the daily limit, while SMIC and Haiguang Information rose over 5% [4][5] - Kema Technology's stock price reached a historical high of 466.66 yuan per share, marking a tenfold increase from its low of 46.56 yuan in April [2] - Analysts predict that the global semiconductor wafer fabrication equipment market will maintain high single-digit percentage growth in 2025 and 2026, driven by rising demand and price increases in the storage sector [6] Hainan Free Trade Zone - The Hainan Free Trade Zone concept surged, with over 20 stocks hitting the daily limit, including Shennong Agriculture and Kangzhi Pharmaceutical [6][7] - The official launch of the Hainan Free Trade Port on December 18 led to a significant increase in duty-free sales, with sales reaching 118 million yuan on the first day, a year-on-year increase of 85% [8] - The policy changes are expected to reduce import tax burdens for related enterprises by approximately 20%, enhancing market activity and consumer attraction in tourism and retail sectors [8] AI Industry - The CPO concept and AI-related stocks saw active trading, with stocks like Kaige Precision and Changxin Bochuang achieving new highs [9] - The demand for high-bandwidth network hardware is increasing due to rapid upgrades in GPU and ASIC technologies, with expectations for continued growth in 800G optical module demand through 2026 [9]

12月22日，灿芯股份大宗交易成交12.5万股，成交额1317.63万元，占当日总成交额的2.03%，成交价 105.41元，较市场收盘价107.01元折价1.5%。 | 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 | | | 类出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-22 | 灿芯般的 | 688888 | 105.41 10.5 | 1106.81 | 态需要發股份有限 | 影视频 | 图 | | 2025-12-22 | 灿芯股份 | 688691 | 105.41 | 210.82 | 忍焉甚麼般的有限 | 星龍不出發點 | Ka | ...

本公司董事会及全体董事保证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： （四）本次股东会采用现场投票和网络投票相结合的表决方式，会议的召集、召开以及表决方式符合 《公司法》及《公司章程》等有关规定。本次股东会由公司董事会召集，董事长庄志青先生主持。 （五）公司董事和董事会秘书的出席情况 审议结果：通过 表决情况： ■ （二）关于议案表决的有关情况说明 ● 本次会议是否有被否决议案：无 （二）股东会召开的地点：上海市浦东新区张江高科技园区张东路1158号礼德国际2号楼7楼公司会议室 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ 2、律师见证结论意见： 本所律师认为，本次股东会的召集与召开程序、出席会议人员的资格、召集人资格及会议表决程序均符 合法律、法规和《公司章程》的规定，表决结果合法、有效。 特此公告。 一、会议召开和出席情况 （一）股东会召开的时间：2025年12月18日 1、公司在任董事9人，出席9人； 2、董事会秘书出席了本次会议；其他高级管理人员列席了本次会议。 二、议 ...

证券代码：688691 证券简称：灿芯股份 公告编号：2025-034 灿芯半导体（上海）股份有限公司 2025年第一次临时股东会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 12 月 18 日 （二） 股东会召开的地点：上海市浦东新区张江高科技园区张东路 1158 号礼德 国际 2 号楼 7 楼公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 123 | | --- | --- | | 普通股股东人数 | 123 | | 2、出席会议的股东所持有的表决权数量 | 45,721,204 | | 普通股股东所持有表决权数量 | 45,721,204 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 38.1010 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比 ...

上海市锦天城律师事务所 关于 灿芯半导体（上海）股份有限公司 2025 年第一次临时股东会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于灿芯半导体（上海）股份有限公司 2025 年第一次临时股东会的法律意见书 致：灿芯半导体（上海）股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）《中华人民 共和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会（以 下简称"中国证监会"）《上市公司股东会规则》（以下简称"《股东会规 则》"）等法律、法规和有关规范性文件的要求，上海市锦天城律师事务所 （以下简称"本所"）接受灿芯半导体（上海）股份有限公司（以下简称"灿 芯股份"或"公司"）的委托，指派本所律师参加灿芯股份 2025 年第一次临 时股东会（以下简称"本次股东会"），并出具本法律意见书。 本法律意见书仅供本次股东会之目的使用。本所律师同意将本法律意见书 随灿芯股份本次股东会其他信息披露资料一并公告。 ...

12月17日，灿芯股份大宗交易成交14.5万股，成交额1556.43万元，占当日总成交额的3.77%，成交价 107.34元，较市场收盘价108.98元折价1.5%。 | 交易日期 | 证券調核 | 证券代码 | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | | 类出管业部 | 是否为专场 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-17 | 仙芯般份 | 688889 | 107.34 1127.07 10.5 | 泰哥瑟曼股份有限 | 日本 | | | KE | | 2025-12-17 | 灿芯股份 | 688691 | 107.34 429.36 | 交焉昼露般份有限 | 星龍不出發點 | | | Ka | ...

12月16日，灿芯股份大宗交易成交10.5万股，成交额1130.43万元，占当日总成交额的3.18%，成交价107.66元，较市场收盘价109.3元折价1.5%。 | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-16 | 灿芯股份 | 688691 | 107.66 | 1130.43 | 10.5 | 方正证券股份有限 公司总部 | 国泰海通证券股份 有限公司沈阳关茜 | ...

Market Performance - The A-share semiconductor sector experienced a significant decline, with notable stocks such as Chipone Technology falling over 10% and Fuxin Technology and Zhongli Group dropping by 9% [1][2] - The semiconductor index (886063) decreased by 1.76%, closing at 7326.63, down 131.03 points [2] - In the Hong Kong market, the Hang Seng Technology Index fell by 2%, with Huahong Semiconductor down over 7% and SMIC down 4% [3][4] Stock Specifics - Chipone Technology (688521.SH) saw a decline of 10.49%, closing at 133.40 [2] - Fuxin Technology (688662.SH) dropped by 9.25%, closing at 53.54 [2] - Zhongli Group (002309.SZ) fell by 9%, closing at 3.64 [2] - Other notable declines included Shengke Communication (-8.22%), Guosheng Technology (-7.12%), and Canxin Technology (-6.24%) [2][3] Broader Industry Trends - The overall trend in the semiconductor industry indicates a bearish sentiment, with multiple companies experiencing significant stock price drops [1][3] - The decline in the semiconductor sector is reflected in both A-share and Hong Kong markets, suggesting a broader industry challenge [3][4]

| 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-10 | 灿芯股份 | e888881 | 118.2 | 1241.1 10.5 | 友正证券股份有限 公司总部 | 国泰海道址券股份 有限公司沈阳大超 路证券富业资 | | | 2025-12-10 | 灿芯股份 | 688691 | 118.2 | 236.4 2 | 友正证券股份有限 公司总部 | 国泰海通证券股份 有限公司深圳海谈 三道证券宣介部 | | 12月10日，灿芯股份大宗交易成交12.5万股，成交额1477.5万元，占当日总成交额的1.49%，成交价118.2元，较市场收盘价120元折价1.5%。 ...

Core Insights - In the past five trading days, a total of 192 companies were investigated by institutions, with Anker Innovations, Weicai Technology, and Canxin Semiconductor being the most frequently researched [1] - Among the companies, 27 received attention from more than 20 institutions, with Anker Innovations being the most popular, attracting 209 institutions [1] - The data indicates that 11 out of the 20 companies with the highest institutional interest experienced net capital inflows, with Feilihua seeing the highest net inflow of 451 million yuan [1] Group 1: Institutional Research Activity - A total of 192 companies were investigated by institutions in the last five trading days [1] - Securities companies participated in 88.54% of the research activities, investigating 170 companies [1] - Fund companies followed with 126 companies researched, while private equity firms investigated 68 companies [1] Group 2: Companies with High Institutional Interest - Anker Innovations was the most researched company, with 209 institutions participating [1] - Weicai Technology and Canxin Semiconductor were the second and third most researched, with 73 and 62 institutions respectively [1] - Other notable companies include Huichuan Technology (56 institutions) and Feilihua (43 institutions) [2] Group 3: Market Performance of Investigated Companies - Among the companies investigated, 18 saw price increases, with Changguang Huaxin leading with a 27.80% increase [2] - The top gainers also included Boying Welding (21.56%) and Feilihua (11.44%) [2] - Conversely, 9 companies experienced declines, with Shifeng Culture and Hanhigh Group seeing the largest drops of 9.74% and 8.46% respectively [2] Group 4: Detailed Company Data - Anker Innovations (stock code: 300866) had 1 research instance, 209 institutions, and a closing price of 107.71 yuan with a slight decline of 0.20% [2] - Weicai Technology (688372) had 1 research instance, 73 institutions, and a closing price of 102.73 yuan with an increase of 10.23% [2] - Canxin Semiconductor (688691) had 1 research instance, 62 institutions, and a closing price of 115.49 yuan with a rise of 7.33% [2]