“Science and Technology Innovation Board Daily”, November 7 — The main contents of today's Science and Technology Innovation Board Evening Report include: SMIC: candidate Huang Dengshan, nominated by the National Capital Fund, was appointed as the company's first-class director, non-executive director and board nomination committee member; 20CM6 Lian Banhao Oubo: The price-earnings ratio is significantly higher than the industry's price-earnings ratio level; and Mingguan New Materials received a decision on administrative supervision measures from the Jiangxi Securities Regulatory Bureau.

[Focus on hot topics]

Newsletters:

Sichuan issued an action plan to support the development of the entire hydrogen energy industry chain and strive to achieve large-scale application in key areas by 2027

The General Office of the People's Government of Sichuan Province issued the “Sichuan Province's Action Plan to Further Promote the Development and Promotion and Application of the Whole Hydrogen Energy Industry Chain (2024-2027)”. By 2027, the hydrogen energy industry in Sichuan Province will achieve significant improvements in high-end equipment, key core technologies, basic materials and core components. The entire industry chain ecosystem is more complete, large-scale application costs have been drastically reduced in key areas, comprehensive application costs have been drastically reduced, the comprehensive strength and application scale of the industry will enter the first tier of the country, and a new energy system with multiple complementary energies such as water, wind, hydrogen and natural gas will initially be built. For fixed hydrogen fueling stations and integrated hydrogenation stations with a daily hydrogenation capacity of 500 kg or more, a one-time reward of up to 2 million yuan and 5 million yuan will be given according to 30% of the fixed investment amount (excluding land costs) for the construction of a single station. In addition, cities (states) that are in a position to do so are also supported to introduce measures to reduce the cost of hydrogen use. The provincial finance will reward individual cities (states) of up to 20 million yuan per year according to a certain proportion of the city (state) expenditure. For R&D projects that have achieved major technological breakthroughs, a one-time reward of up to 20 million yuan will be given to 30% of the actual investment in the project according to the undertaker unit. At the same time, enterprises are encouraged to accelerate the transformation of scientific and technological achievements, support the “Juyuan Xingchuan” action plan project for major scientific and technological achievements in the field of hydrogen energy, and support up to 5 million yuan for eligible projects.

Qiu Yong, Chairman of the Shanghai Stock Exchange: Investment-side construction will be accelerated and various medium- and long-term funds will be actively encouraged to allocate assets through indexed investment methods

Qiu Yong, chairman of the Shanghai Stock Exchange, said in his speech at the 2024 Shanghai Stock Exchange International Investors Conference that in the next step, the Shanghai Stock Exchange will closely focus on the core task of boosting the capital market under the spirit of the Third Plenary Session of the 20th Central Committee and under the unified leadership of the China Securities Regulatory Commission, and unswervingly push forward comprehensive and deepening capital market reforms. We will further develop the “test field” function of the Science and Technology Innovation Board reform, speed up the implementation of policies and measures such as the “Eight Rules of the Science and Technology Innovation Board”, and continue to enhance the adaptability and inclusiveness of the capital market to serve scientific and technological innovation. We will continue to enhance the internal stability of the capital market, take more measures to prevent and mitigate market risks, focus on the coordinated development of the primary and secondary markets, and make every effort to maintain the smooth operation of the market. We will adhere to the popular nature of the capital market, further improve investor protection mechanisms, and effectively safeguard the legitimate rights and interests of investors, especially small and medium-sized investors. We will strengthen first-line supervision, crack down on illegal acts such as financial fraud, insider trading, and market manipulation, and continuously optimize the market ecology. We will continue to improve the quality and investment value of listed companies, support listed companies to make full use of policy tools, and encourage listed companies to deepen the “improve quality, increase efficiency and value return” actions. We will speed up investment-side construction, actively encourage all types of medium- and long-term capital to allocate assets through indexed investment methods, and accelerate the cultivation and formation of an indexed investment ecosystem centered on rational investment, value investment, and long-term investment.

Tailan New Energy and Changan Automobile jointly release diaphragmless solid-state battery technology for mass production in 2027

Today, Tailan New Energy and Changan Automobile jointly released diaphragmless solid-state battery technology to replace the diaphragm function of an electrode composite solid electrolyte layer. The ionic conductivity is greater than 1.5 mS/cm, and it can be wound. According to the plan, non-diaphragm-free all-solid-state batteries will achieve prototype verification system development in 2025; continuous verification in small-batch production in 2026; mass production and demonstration applications in 2027. Tailan New Energy also released a semi-solid 25Ah lithium-ion battery without a diaphragm. It has 3C fast charging capacity and 4C discharge capacity. The cycle life performance is good. At 25℃, the cycle is greater than 1032 cycles, and the capacity retention rate is 87%; at 45℃, the cycle is greater than 1066 cycles, and the capacity retention rate is 83%. According to the plan, semi-solid state batteries without diaphragms will achieve square aluminum bright battery sample production in 2024; mass production sample package development in 2025; and loading verification in 2026. According to Changan Automobile's goal, mass production and application of all-solid-state batteries will reach the leading level in the industry by 2030.

ByteDance AI Assistant Doubao opens closed beta for video generation

The “Science and Technology Innovation Board Daily” reporter exclusively learned that Doubao, a big model AI assistant under ByteDance, has officially launched a closed beta for video generation, which means that after companies such as Kuaishou, Shangtang, and Minimax, ByteDance has officially entered the field of AI video generation. According to Doubao's official website, Doubao video generation supports images and text into movies with one click, “which can transform information into vivid and realistic video content. It supports cool motion and motion, is consistent across multiple cameras, and freely selectable style ratios.”

Nacha Auto launches large-scale layoffs

The reporter learned from several independent sources that Nacha Motor Company began large-scale layoffs today. According to insiders, the number of layoffs this time was as high as 70%. “We are communicating in different departments. There are differences between departments, and the overall ratio is not that high.” Another Nacha Auto insider said. In response, the relevant person in charge of Nacha Auto confirmed to the Financial Federation reporter that the company is undergoing organizational restructuring, and the ratio is unknown. On October 29, Nacha Motor officially launched an equity incentive plan for all employees of the company. At the same time, it was announced that it will implement a series of measures to reduce costs and increase efficiency, such as institutional streamlining, elimination of redundant employees, business focus, and flat management.

Depth:

HBM, DDR5, AI PCs, AI phones... semiconductor manufacturers unveiled with “top products” | Direct access to the Expo

Capacity utilization continues to rise, SMIC's Q3 revenue reaches a record high

Ministry of Transport “spoilers” a series of measures Intelligent connected vehicles are expected to enter a policy-intensive period

Goodway: European inventory removal has reached a relatively bottom and accelerated the expansion of emerging markets|Direct impact on performance

[Science and Technology Innovation Board Company]

SMIC: Net profit for the third quarter increased 56.4% year-on-year, and revenue for the fourth quarter is expected to remain flat to increase 2% month-on-month

SMIC announced that third-quarter revenue was 15.609 billion yuan, up 32.5% year on year; third quarter net profit was 1.06 billion yuan, up 56.4% year on year. Third-quarter revenue rose 14% month-on-month to $2.17 billion, a record high. The 12-inch monthly production capacity of 0.021 million sheets was added, the average sales unit price increased, the overall capacity utilization rate increased to 90.4%, and the gross margin increased to 20.5%. Revenue guidance for the fourth quarter was flat to 2% month-on-month, and gross margin ranged from 18% to 20%.

SMIC: Candidate Huang Dengshan, nominated by the National Capital Foundation, was appointed as the company's Class 1 director, non-executive director and board nomination committee member

SMIC announced that Huang Dengshan, a candidate nominated by the National Integrated Circuit Industry Investment Fund Co., Ltd., has been appointed as a Class 1 director, non-executive director and member of the Board Nomination Committee of the Company, effective November 7, 2024. Professor Chen Xinyuan was appointed as a Class III Director of the Company, an independent non-executive director, Chairman of the Audit Committee of the Board of Directors, a member of the Remuneration Committee and a member of the Nomination Committee with effect from November 7, 2024. After Professor Yu Chen was appointed as the Chairman of the Audit Committee, Dr. Fan Renda, an independent non-executive director, ceased to serve as the Chairman of the Audit Committee and continued to serve as a member of the Audit Committee with effect from November 7, 2024.

Huahong Company: Net profit for the third quarter was 0.313 billion yuan, up 226.62% year-on-year

Huahong announced that revenue for the third quarter was 3.77 billion yuan, down 8.24% year on year; net profit was 0.313 billion yuan, up 226.62% year on year. Revenue for the first three quarters was 10.502 billion yuan, down 18.92% year on year; net profit was 0.578 billion yuan, down 65.69% year on year.

Shengmei Shanghai: Adjusting the 2024 operating performance forecast range to 5.6 billion to -5.88 billion

Shengmei Shanghai announced that based on the latest business conditions and market conditions, the company decided to once again adjust the operating performance forecast range for 2024 to between RMB 5.6 billion and RMB 5.88 billion. The reason for the adjustment is that as the end of the year approaches, the company conducted a more detailed assessment of the business situation throughout the year. Based on the current order execution progress, product delivery plans, and customer acceptance arrangements, it has formed a clearer expectation of the number of equipment that can be delivered and approved by customers before the end of the year.

20CM6 Lianbanhao Oubo: The price-earnings ratio is significantly higher than the price-earnings ratio level of the industry

Hao Oubo issued an announcement on abnormal fluctuations and serious abnormal fluctuations in stock trading. According to China Securities Index Co., Ltd., the company's latest price-earnings ratio was 127.50 times, the latest rolling price-earnings ratio was 171.15 times, and the average rolling price-earnings ratio of the company's pharmaceutical manufacturing industry in the past month was 27.03 times. The company's price-earnings ratio is significantly higher than the industry's price-earnings ratio level.

Dingtong Technology: Shareholders Xinyu Dinghongxin and Xinyu Dingwei plan to reduce their holdings by no more than 3% in total

Dingtong Technology announced that the company's shareholders Xinyu Dinghongxin and Xinyu Dingwei plan to reduce their holdings by no more than 4,161,889 shares in total due to their own capital requirements, accounting for no more than 3% of the company's total share capital. Among them, it is proposed to reduce holdings by no more than 1,387,296 shares through centralized bidding transactions, accounting for no more than 1% of the company's total share capital; it is proposed to reduce holdings by no more than 2,774,592 shares through bulk transactions, accounting for no more than 2% of the company's total share capital. The holdings reduction plan will be implemented within 3 months after 15 trading days from the date of disclosure of the announcement. The controlling shareholders, actual controllers, directors and supervisors of the company promised not to participate in this holdings reduction plan.

Xunjiexing: Employee shareholding platforms and others plan to reduce their holdings by no more than 3% in total

Xun Jiexing announced that Huizhou Lianxun Dulwei Investment Partnership (limited partnership), the shareholder of the company, holds 5.43% of the company's shares and plans to reduce its holdings by no more than 1.3339 million shares, accounting for no more than 1% of the company's total share capital; the shareholders Huai'an Jiexing Investment Partnership (limited partnership) and Huai'an Xunxing Investment Partnership (limited partnership) are the company's actual controller Ma Zhuo. In total, it is planned to reduce the company's holdings by no more than 2.78 million shares, accounting for no more than 2 percent of the company's total share capital % The company's controlling shareholders, actual controllers, directors and supervisors promised not to participate in this holdings reduction plan.

Guoxin Technology: Successful internal testing of new products for quantum security chips and quantum cryptographic cards

Guoxin Technology announced that the A5Q quantum security chip and CCUPH3Q03 quantum cryptographic card independently developed by the company were successful in internal testing. The successful development of new products will help the company promote the application of quantum security chips and quantum cryptographic cards in the field of terminal security and cloud security, enrich the company's quantum information security product line, and improve the company's quantum security product layout in cloud, server and smart terminal applications. It is expected to have a positive impact on the market expansion and performance growth of the company's future information security business. However, at present, the product is still in the internal testing stage, and testing by a third party agency has not yet been completed.

Mingguan New Materials: Received a decision on administrative supervision measures from the Jiangxi Securities Regulatory Bureau

Mingguan New Materials announced that the company recently received the “Decision on Issuing Warning Letter Measures against Mingguan New Materials Co., Ltd., Yan Hongjia, and Lai Xian” issued by the Jiangxi Securities Regulatory Bureau. After investigation, the company disclosed inaccurate information. Yan Hongjia, as the chairman and general manager of the company, and Lai Xian, as the company's financial director, failed to fulfill the obligation of diligence and due diligence, and bears the main responsibility for the above issues. The Jiangxi Securities Regulatory Commission decided to take regulatory measures to issue warning letters against the company, Yan Hongjia, and Lai Xian, and include them in the securities and futures market integrity file.

[Venture capital weather vane]

Xinsen Charcoal launches IPO counseling

Fujian Xinsen Carbon Co., Ltd. recently completed listing guidance and filing. The consulting agency is Minsheng Securities. The company is engaged in the production of activated carbon.

Northern Hemisphere Technology completes Series A financing

Recently, Northern Hemisphere Technology (Suzhou) Co., Ltd. completed Series A financing. The investor is Luxin Anhui Energy Fund. This round of financing will be used to further expand production scale, strengthen R&D investment, and market expansion. Northern Hemisphere Technology is a high-tech enterprise focusing on automotive-grade integrated inductors. It was founded in 2021. Prior to that, Northern Hemisphere Technology had completed the Pre-A round of financing, but the exact amount of financing and investors were not disclosed.

Newtron Xin'an completed a new round of C round of financing

Recently, Newtron Xinan, a developer of commercial information security testing equipment and technology, completed a new round of C round of financing. The investors were C&D Emerging Investment and Huichuan Industrial Investment. The scale of financing was not disclosed. This round of financing will be used to further promote its R&D and market expansion in the fields of security chips, software security, and IoT security evaluation. Newtron Xin'an's main products include cryptographic chip software and hardware IP, IoT security solutions, identity authentication FIDO, etc., which are widely used in mobile phone AP chips, IoT security chips, fingerprint recognition security chips, etc. (From the Science and Technology Innovation Board Daily App)

Ruida Pharmaceuticals completed Series A financing of about 10 million yuan

Recently, Ruida Pharmaceutical completed Series A financing of approximately RMB 10 million. Ruida Pharmaceutical was founded in November 2014 and is dedicated to the development and promotion of anti-cancer targeted drugs and other cutting-edge biotechnologies. The company focuses on the development of anti-cancer drugs that target STAT3. By developing STAT3 inhibitors, it is expected to achieve effects such as inhibiting tumor growth, metastasis, angiogenesis, drug resistance, recurrence, and immune escape. Previously, Ruida Pharmaceuticals had completed the Angel Round and Pre-A round of financing. This round of financing will be used to further promote its anti-cancer drug research and development process.