Core Viewpoint - Dazhong Laser announced the termination of the listing guidance for its subsidiary Shanghai Fuchuangde due to strategic and capital operation adjustments, marking a setback in its plans for spin-off listings [1][2]. Group 1: Company Developments - Dazhong Laser's subsidiary Shanghai Fuchuangde had submitted its listing guidance materials to the Shanghai Securities Regulatory Bureau in February 2023 but has now halted this process [1]. - The company previously attempted to spin off another subsidiary, Shenzhen Dazhong Fencai Technology, for a listing but withdrew its IPO application in early 2022 [1]. - Dazhong Laser has a history of pursuing spin-off listings, with Dazhong CNC successfully listed on the Growth Enterprise Market in February 2022 [1][2]. Group 2: Market Environment and Challenges - The guidance report from CITIC Securities indicated that the changing market financing environment led to adjustments in the planned application date for Shanghai Fuchuangde [2]. - As of November 30, 2023, 30 A-share companies have updated their spin-off listing progress, with 9 companies terminating their plans [2]. Group 3: Shareholder and Control Information - Dazhong Laser's actual controller, Gao Yunfeng, holds over 84% of Dazhong CNC shares, indicating a strong control over the subsidiary [3]. - A significant portion of Gao Yunfeng's shares in Dazhong Laser, approximately 92.59%, are under pledge, raising concerns about financial stability [3].

联盟单位大族激光一则公告，让一项历时近三年的分拆上市辅导计划在2025年底画上了休止符。 12月15日，大族激光发布公告称，其控股子公司上海大族富创得科技股份有限公司（以下简称"上海大族富创得"）正式终止创业板上市辅 导，这一消息已获上海证监局确认。这家曾承载中美技术融合与资本博弈双重标签的企业，为何在冲刺资本市场前按下暂停键？我们从试图 透过这家企业的发展轨迹窥见一二。 终止辅导："看清再走"的理性，而非"闯关失败"的无奈 对于终止原因，大族激光在公告仅以"发展战略及资本运作规划发生调整"一笔带过。然而，结合行业与资本市场的动态看，这更像是一次审 时度势后的主动选择，而非被动退缩。 01 从"外资独苗"到"中资控股"：上海富创得的技术基因 上海富创得的故事并非简单的创业叙事，而是一场跨越太平洋的技术迁徙与资本整合。 上海富创得的前身可追溯至2006年，由美国富创得工程公司(Fortrend Engineering corporation)在沈阳设立的外商独资企业。美国富创得自1979 年起便深耕半导体晶圆自动化领域，其核心产品——晶圆传输设备（如设备前端自动化模块（EFEM）和标准机械接口（SMIF）），虽 ...

大族激光在公告中表示，此次控股子公司终止上市幅度，是因为该公司发展战略及资本运作规划发生调 整。中经记者 庄灵辉 卢志坤 北京报道 【大族激光控股子公司终止上市辅导】12月15日晚间，大族激光（002008.SZ）发布公告称，2025年12 月，公司控股子公司上海大族富创得科技股份有限公司（以下简称"上海富创"）终止创业板上市辅导。 上海富创此轮上市辅导历时近3年。2023年2月，上海富创向上海证监局提交创业板上市辅导备案材料并 获受理，辅导机构为中信证券股份有限公司。2025年12月2日，上海富创与中信证券签署终止辅导协 议，2025年12月4日向监管报送终止申请。2025年12月12日，上海证监局确认上海富创终止前述上市辅 导。 ...

格隆汇12月16日丨大族激光(002008.SZ)在投资者互动平台表示，公司子公司大族半导体主要聚焦于半 导体制造装备的研发与生产，其产品线涉及晶圆的激光开槽、切割、打孔、内部改质等方面，覆盖存储 芯片制造上游的关键工艺环节。 ...

Group 1 - The core viewpoint of the article is that Dazhu Laser (002008.SZ) is focusing on the research and production of semiconductor manufacturing equipment through its subsidiary Dazhu Semiconductor [1] - Dazhu Semiconductor's product line includes laser grooving, cutting, drilling, and internal modification of wafers, which are critical processes in the upstream manufacturing of storage chips [1]

Core Viewpoint - The company Dazhu Laser (002008.SZ) provides advanced laser welding solutions for various industries, emphasizing its capabilities in high-power laser welding equipment and precision laser welding technology [1] Group 1: Company Capabilities - The high-power laser welding equipment can perform multiple welding techniques including laser welding, self-fusion welding, laser-arc hybrid welding, laser wire filling welding, and MIG welding [1] - The equipment is designed for flexible processing of complex and large workpieces as well as mass production [1] Group 2: Industry Applications - The company's solutions cater to several industries such as new energy, automotive heavy industry, sheet metal processing, electric power, and rail transportation [1] - Precision laser welding equipment is widely used in the electronic components field for precise welding applications, showcasing a degree of technological advancement [1]

Group 1 - Unicom Guowei has established a Central Research Institute focusing on the development of edge AI chips for applications in autonomous driving, embodied robots, and low-altitude flying vehicles [2] - The research will also include new types of storage devices based on two-dimensional materials and high-performance special sensor chips [2] - Aerospace Electronics plans to increase its investment in Aerospace Long March Rocket Technology Co., Ltd. by 728 million yuan, maintaining the existing shareholding structure [3] Group 2 - Aerospace Rainbow successfully completed the first flight test of its self-developed Rainbow-7 high-altitude, high-speed, long-endurance drone, achieving all preset parameters [4] - The project is still in the research and testing phase, with further rigorous testing and validation required before mass production [4] Group 3 - Changchun High-tech's subsidiary signed an exclusive licensing agreement for the GenSci098 injection project, potentially earning up to 1.365 billion USD in milestone payments [5] - The agreement includes an initial payment of 120 million USD and additional milestone payments related to development and commercialization [5] Group 4 - TCL Technology plans to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its ownership from 84.2105% to 94.9761% [26] - This acquisition aims to enhance TCL's competitiveness and profitability in the semiconductor display industry [26] Group 5 - Zhongmin Resources announced the successful ignition of its Tsumeb smelting plant's multi-metal comprehensive recycling project, with an annual processing capacity of 80,000 tons [11] - The project will produce various products, including germanium ingots and zinc ingots, with a design capacity of 33 tons/year for germanium [11] Group 6 - Xinhua Insurance reported a 16% year-on-year increase in original insurance premium income, totaling 188.85 billion yuan from January to November 2025 [43] - This growth reflects the company's strong performance in the insurance market [43]

Group 1 - The core point of the article highlights that Dazong Laser (SZ 002008) has significant share pledges by its major shareholders, with Gao Yunfeng pledging 89.18 million shares, accounting for 92.59% of his holdings, and Dazong Holdings pledging approximately 102 million shares, which is 62.92% of its holdings [1] - As of the announcement date, Dazong Laser's market capitalization stands at 38.1 billion yuan [1] - The company's revenue composition for the first half of 2025 indicates that 100% of its revenue comes from the intelligent manufacturing equipment manufacturing sector [1] Group 2 - The article also mentions a separate issue regarding Jiangsu Wuzhong, where the company is facing scrutiny due to allegations of financial misconduct, with significant concerns raised by shareholders about missing funds [1]

Core Viewpoint - The company Dazong Laser (002008.SZ) announced the termination of the listing guidance for its subsidiary Shanghai Dazong Fuchuang Technology Co., Ltd. due to adjustments in its development strategy and capital operation planning [1] Group 1 - On December 2, 2025, Shanghai Fuchuang signed a termination agreement with its advisory institution CITIC Securities [1] - On December 4, the company submitted the application materials for the termination of the listing guidance to the Shanghai Securities Regulatory Bureau [1] - On December 12, the Shanghai Securities Regulatory Bureau confirmed the termination of the listing guidance for Shanghai Fuchuang [1]

Core Viewpoint - The company Dazong Laser (002008.SZ) announced that its subsidiary Shanghai Dazong Fuchuang Technology Co., Ltd. has terminated its listing counseling for the ChiNext board due to adjustments in its development strategy and capital operation plans [1] Group 1 - Shanghai Dazong Fuchuang submitted its listing counseling materials to the Shanghai Securities Regulatory Bureau in February 2023 and received acceptance [1] - On December 2, 2025, Shanghai Dazong Fuchuang and its counseling institution CITIC Securities signed an agreement to terminate the counseling for the initial public offering of A-shares [1] - The application for terminating the listing counseling was submitted to the Shanghai Securities Regulatory Bureau on December 4, 2025, and was confirmed on December 12, 2025 [1]