Innovation and Technology board daily news on November 4th: Today's morning report on the Innovation and Technology board includes: Twelve departments: Accelerate the research and development of radiopharmaceuticals; A batch of low-altitude flight take-off and landing points in Shenzhen have completed site selection; Buffett once again sold Apple stocks.

Anchor Xiaok from the STAR Market Daily Report brings you the latest news.

Market Dynamics

Shanghai Stock Exchange: Encouraging listed companies to standardize and effectively implement high-quality mergers and acquisitions while always highly concerned and strictly regulate improper mergers and acquisitions transactions under the name of restructuring and the actual arbitrage trading.

The Shanghai Stock Exchange has compiled 30 representative merger and acquisition cases in the Shanghai market in recent years and will release them to listed companies in the form of a "Compilation of Typical Merger and Acquisition Cases" starting today. In order to further guide listed companies and intermediary institutions to comply with planning and promote mergers and acquisitions, this compilation of merger and acquisition cases also specifically selected 12 cases corresponding to 4 negative types such as "improper insider trading prevention", "financial fraud of target companies", "speculative price manipulation of hot-topic reorganization", and "blind cross-border target losing control". The selection of these cases aims to remind listed companies to establish correct development concepts, be vigilant about related risks during the merger and acquisition process, and reflects the clear direction of frontline regulation in encouraging listed companies to standardize and effectively implement high-quality mergers and acquisitions, while always highly concerned and strictly regulate improper mergers and acquisitions transactions under the name of restructuring and the actual arbitrage trading. It should be noted that the content of this compilation of cases is mainly for reference by the actual controllers of listed companies, relevant business leaders, etc., when planning, implementing, and disclosing matters related to mergers and acquisitions; they should comply with relevant normative documents, self-discipline rules, and the official opinions of regulatory authorities.

Twelve Departments: Accelerate the research and development of radiopharmaceuticals for diagnosis and treatment, and carry out research and development of new generation high-end nuclear medical imaging equipment and other high-end treatment equipment.

The National Atomic Energy Agency, the National Development and Reform Commission, and twelve other departments jointly issued the "Three-Year Action Plan for High-Quality Development of the Nuclear Technology Application Industry (2024-2026)" to strengthen the promotion of medical applications, support the construction of a healthy China. Accelerate the research and development of radiopharmaceuticals for diagnosis and treatment, strengthen investment in the research and development of innovative drugs with new targets, mechanisms, and types, and strive to achieve international competitiveness in the development of highly targeted, safe, and effective new radioactive drugs. Conduct research and development of new generation high-end nuclear medical imaging equipment, as well as high-end treatment equipment such as proton therapy, heavy ion therapy, BNCT therapy, and FLASH therapy. Encourage the establishment of innovative nuclear medicine development centers in areas where conditions are mature, build clusters of nuclear medicine research and clinical transformation, and establish characteristic nuclear medicine institutions. Actively expand the application of irradiation technology in the sterilization of medical supplies, processing of traditional Chinese medicine materials, and other fields.

A batch of low-altitude takeoff and landing points in Shenzhen have completed site selection, and will achieve 0.03 million manned flights next year.

The relevant departments in Shenzhen have basically completed the site selection work for the first batch of take-off and landing points, which will be announced to the public by the end of 2024; next, they will start the site selection work for the second batch of take-off and landing points. Since the end of 2022, Shenzhen has launched a grand plan to develop the low-altitude economy and aims to achieve 0.03 million low-altitude manned flights by 2025. According to estimates, the potential daily demand for low-altitude flights in the entire city of Shenzhen may range from 0.02 million to 0.04 million flights.

Nvidia will be included in the Dow Jones Industrial Average, analysts say, signaling the increasing importance of AI and high-performance computing.

Standard & Poor's Dow Jones Indices announced that Nvidia will be added to the Dow Jones Industrial Average, replacing Intel as a constituent stock in the chip sector. Another component stock change in the Dow includes Sherwin-Williams Co. replacing Dow Inc. Analysts believe that this adjustment marks the growing importance of artificial intelligence and high-performance computing. Nvidia, as a leading supplier of AI GPUs, can attract more investors' attention to new technologies, while traditional semiconductor companies face significant pressure, especially in high-growth areas such as data processing and AI model training. This adjustment may also make more investors aware of the potential impact of artificial intelligence on the future economy, thereby increasing the valuation of related sectors. This will guide market investment trends, further increasing the weight of the technology sector in the overall market.

Buffett once again sold his Apple stocks.

Berkshire Hathaway, under Buffett, announced its third-quarter financial report for 2024 on November 2, local time. After reducing its holdings of Apple Inc. by nearly 50% in the second quarter, Berkshire Hathaway further reduced its Apple stocks by 25% in the third quarter. Among the approximately $36.1 billion of stocks sold by the company in the third quarter, it also included shares of Bank of America worth several billion dollars.

A comprehensive view of the company.

Kuang-chi Technologies: signed a strategic cooperation framework agreement with the People's Government of Jinan District, Tianjin.

Kuang-Chi Technologies announced that it recently signed a framework agreement with the Jinnan District Government of Tianjin. The two parties previously reached an intention to deepen cooperation on projects such as the company's Northern Headquarters-906 Base, Super Material Talents Cultivation Center, and Super Material Innovation Center to settle in Jinnan District. In the first half of this year, the company's orders have increased, and the existing production capacity is insufficient. The signing of this framework agreement is beneficial for the company to fully utilize the industrial supporting facilities and ecological advantages of Jinnan District in Tianjin, ensuring the production and delivery of the company's cutting-edge super material equipment products are not affected.

Youyansilicon: Intends to acquire 70% equity of DG Technologies Co., Ltd. through cash payment.

Announcement from Youyansilicon: The company intends to acquire 70% equity of DG Technologies Co., Ltd., held by RS Technologies (RST), through cash payment. RST is the controlling shareholder of the company, and this transaction constitutes a related party transaction, but is not expected to constitute a major asset reorganization. The transaction funds will be paid in cash by the company based on the finally confirmed transaction price using its own funds. Currently, both parties have signed the Equity Acquisition Intent Agreement, but the due diligence and audit assessment work is not yet completed, the formal trading agreement has not been signed, and the specific trading plan is still under discussion. This transaction still needs to be completed according to relevant laws and regulations and the provisions of the company's articles of association.

AviChina Technology: A overseas customer intends to purchase the company's aviation engine forged products in bulk.

AviChina Technology announced that the company recently signed a strategic cooperation agreement with a international commercial aviation engine customer (referred to as "a overseas customer") in the field of aviation engines. Based on the strategic cooperation agreement, the overseas customer will purchase bulk aviation engine forged products from the company totaling approximately $69 million between 2025 and 2026.

Xinke Mobile: Subsidiary files major lawsuit and applies for property preservation.

Insigma Mobility announced that its wholly-owned subsidiary, Datang Mobile, has filed a lawsuit with the Haidian District Court of Beijing against Spreadtrum Communications (Shanghai) Co., Ltd. (referred to as "Spreadtrum Company") for a technical cooperation development contract dispute. The lawsuit requests mainly demand that Spreadtrum Company pay Datang Mobile a total of 680.5 million yuan in basic royalty fees, high-level protocol stack royalty fees, and liquidated damages from January 1, 2013, to the actual payment date. Datang Mobile received a "Civil Ruling" issued by the Haidian District Court on November 1 in support of Datang Mobile's application for property preservation. The lawsuit has not yet been heard in court.

Dio Microelectronics: Proposes to repurchase company shares in the range of 30 million yuan to 60 million yuan.

Diou Micro announced that the company plans to use 30 million to 60 million yuan of oversubscribed funds to repurchase the company's shares through centralized bidding trading, with a repurchase price not exceeding 41.68 yuan per share (inclusive). The repurchased shares are mainly used for employee stock ownership plans or stock-based incentives.

Shengke Communications: Received government grant of 25.19 million yuan.

Shengke Communications announced that the company recently received a government subsidy of 25.19 million yuan, which is a government grant related to income. In accordance with relevant regulations such as Enterprise Accounting Standard No. 16 - Government Grants, the company has recognized the above matters and classified the types of grants. The above government grants have not been audited, and the specific accounting treatment and the impact on the company's profit and loss will be based on the results confirmed by the auditing institution after audit.

Cutting-edge Technology

Chinese Scientists Reveal the Relationship Between Quantum Coherence and Quantum Work

According to the University of Science and Technology of China, based on the solid-state single-spin quantum system, Du Jiangfeng and Rong Xing from the Microscopic Magnetic Resonance Key Laboratory of the Chinese Academy of Sciences conducted systematic experimental research on the maximum extractable work in quantum systems. The experiment shows that by enhancing the coherence of the quantum system, the maximum extractable work in the quantum state can be effectively increased. This achievement was recently published in the "Physical Review Letters".

Construction of National Major Science and Technology Infrastructure "Advanced Attosecond Laser Facility" Launched

The national major science and technology infrastructure, "Advanced Attosecond Laser Facility (Xi'an Section)," officially announced the start of construction. After the facility is completed, it will explore deep ultrafast dynamics in processes such as high-speed optoelectronic devices, superconducting materials, photovoltaic power generation, and photosynthesis.