GuShiio.com ① Shanghai Stock Exchange: The next step will be to promote the issuance and listing of more high-quality private technology-based enterprises on the Science and Technology Innovation Board;
② The number of lock orders for Xiaomi SU7 Ultra has exceeded 10000 units;
③ SoftBank is rumored to be negotiating to raise US$16 billion specifically to invest in artificial intelligence.
“Science and Technology Innovation Board Daily” March 3 The main contents of today’s Science and Technology Innovation Board Morning Post include: Shanghai Stock Exchange: The next step will be to promote more high-quality private technology-based companies to be issued and listed on the Science and Technology Innovation Board; the number of lock-up orders for Xiaomi SU7 Ultra has exceeded 10000 units; SoftBank is rumored to be negotiating a financing of 16 billion US dollars. Dedicated investment in artificial intelligence.
Xiao K, the anchor of “Science and Technology Innovation Board Daily”, reports for you.
market dynamics
The central bank and other five departments: implement policies such as “Eight Science and Technology Innovation Board”,”Sixteen Articles Serving the Modern Industrial System” and “Six Articles Mergers and Acquisitions” to support the development and growth of private enterprises through the capital market
The People’s Bank of China, the All-China Federation of Industry and Commerce, the State Administration of Financial Supervision, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly held a symposium on financial support for the high-quality development of private enterprises on February 28. At the symposium, five private enterprises including Yiwen Group, Geely Holdings, Shangtang Technology, Yuantong Express, Yili Group and the heads of the All-China Mergers and Acquisitions Association introduced the business situation of the enterprises and put forward opinions and suggestions. Leaders of four financial institutions including Industrial and Commercial Bank of China, People’s Insurance Group, CITIC Securities, and Guodan Fund and the Shanghai Stock Exchange exchanged experiences. The meeting required that we should implement moderately loose monetary policy, give full play to the role of structural monetary policy tools, strengthen regulatory guidance, guide financial institutions to treat enterprises of all types of ownership “equally”, and increase credit to private, small and micro enterprises. Implement 25 financial measures to support the private economy, improve the credit enhancement system for private small and medium-sized enterprises, and accelerate the issuance of policy documents regulating Supply Chain Finance business. Strengthen the institutional construction and product innovation of the bond market, and continue to play the leading role of the “second arrow”. We will do a good job in implementing policies such as “Eight Principles for Science and Technology Innovation Board”,”Sixteen Principles for Serving the Modern Industrial System” and “Six Principles for Mergers and Acquisitions” to support the development and growth of private enterprises through the capital market. Financial institutions should strengthen the building of financial service capabilities, further unblock diversified financing channels such as stocks, bonds, and loans for private enterprises, increase investment in various financial resource elements, and make financial services for private enterprises practical, in-depth and refined.
Shanghai Stock Exchange: The next step will be to promote more high-quality private technology-based enterprises to be listed on the Science and Technology Innovation Board
The People’s Bank of China, the All-China Federation of Industry and Commerce and other departments jointly held a symposium on financial support for the high-quality development of private enterprises on February 28. At the meeting, Yuan Duoran, deputy general manager of the Shanghai Stock Exchange, said that in the next step, the Shanghai Stock Exchange will focus on serving the development of new quality productivity and continue to expand equity financing channels for private enterprises. Including promoting the issuance and listing of more high-quality private technology-based enterprises on the Science and Technology Innovation Board. Appropriately improve the inclusiveness of valuations and promote the implementation of more representative cases for mergers and acquisitions of light asset-based targets and unprofitable targets by listed companies on the Science and Technology Innovation Board. Vigorously develop indexed investment, actively promote various medium-and long-term funds to enter the market, and optimize the financing environment for private enterprises.
DeepSeek reveals theoretical cost-profit margins for the first time
DeepSeek published an article titled “Overview of DeepSeek-V3/R1 Inference System” on March 1, fully revealing the key secrets behind the V3/R1 Inference System. Most notably, the article disclosed key information such as DeepSeek’s theoretical costs and profit margins for the first time. According to reports, assuming that the GPU rental cost is US$2/hour, the total cost is US$87072/day; if all tokens are calculated according to DeepSeek R1 pricing, the theoretical total revenue for one day is US$562027/day, and the cost-profit margin is 545%. The theoretical daily profit of the V3/R1 reasoning system reaches 3.46 million yuan (US$475,000). DeepSeek said that there is actually not so much revenue, because V3’s pricing is lower, and fee-based services only account for a part. User-oriented webpages and applications are free. In addition, there will be discounts at night, resulting in actual revenue far less than theoretical value.
According to the Xiaomi Automobile public account, the number of Xiaomi SU7 Ultra lock orders has exceeded 10000 units, completing the annual task ahead of schedule.
Tsinghua University will moderately expand its enrollment of undergraduate students in 2025, focusing on cultivating top innovative talents of “AI+”
Tsinghua University has decided to expand the scale of undergraduate enrollment in an orderly and appropriate manner. It plans to increase the number of undergraduate enrollment by about 150 in 2025. At the same time, a new undergraduate general education college will be established to focus on cultivating compound talents with the intersection of artificial intelligence and multi-disciplinary, and enhance the independence of innovative talents. Cultivate capabilities to serve the national strategic needs and social development needs. It is reported that new undergraduate students from the school will enter the newly established college to study.
Softbank is rumored to be negotiating to raise $16 billion specifically to invest in artificial intelligence
SoftBank is reportedly negotiating a loan of up to $16 billion specifically to advance artificial intelligence projects. This development follows a large borrowing of $18.5 billion and marks the company’s aggressive progress in the AI space. It is reported that SoftBank may subsequently seek a new round of borrowing of up to US$8 billion in early 2026.
Overview of the company
3-board Hengwei Technology: The company’s Shengteng DeepSeek all-in-one machine is still in the marketing stage
Hengwei Technology (603496.SH) announced that the company’s Shengteng Deepseek all-in-one machine is still in the marketing stage, has not yet formed sales orders, and has not generated revenue. The company’s stock’s closing price increase has exceeded a total of 20% for three consecutive trading days, and the average daily turnover rate has been high at 29.16%. The stock price has seriously deviated from the reasonable valuation of listed companies in the same industry. The current rolling price-to-earnings ratio (TTM) is 88.58, while the rolling price-to-earnings ratio (TTM) of the computer, communications and other electronic equipment manufacturing industry is 42.34, which poses a high valuation risk, and the company’s stock price subsequently risks falling after a sharp rise.
Zhongding Co., Ltd.: The subsidiary signed a strategic cooperation agreement with Evert
Zhongding Co., Ltd.(000887.SZ) announced that Anhui Ruisibo Robot Technology Co., Ltd., a wholly-owned subsidiary of the company, and Eft Intelligent Equipment Co., Ltd., have carried out innovative cooperation in the field of robotics and jointly promoted the development of related businesses, and recently signed a strategic cooperation agreement. After the signing of this agreement, it will help the two parties carry out multi-dimensional and all-round strategic cooperation on industrial robots and humanoid robot component assembly products, conduct cooperation discussions on robot component assembly products, and continue to enhance the competitive advantages of both parties.
Qianli Technology: It plans to jointly sign the “Car BU Investment Framework Agreement” with Geely, Lotus, etc.
Qianli Technology (601777.SH) announced that the company plans to jointly sign the “Che BU Investment Framework Agreement” with Liangjiang Industry Fund, Chongqing Industry Mother Fund, Jianhehui, Geely, Chongqing Maichi and Lotus, designating wholly-owned subsidiaries and Liangjiang Industry Fund or its designated related parties, Chongqing Industry Mother Fund and Jianhehui designated entity jointly invested 1.5 billion yuan to initiate the establishment of a limited partnership, of which the company’s wholly-owned subsidiary plans to invest 200 million yuan and serve as general partners. After the partnership is established, it will use 1.5 billion yuan in cash to increase capital to Qianli Intelligent Drive, jointly invested and established by Geely or its designated entities, Chongqing Maichi, Lotus or its designated entities and employee incentive platforms. Before the capital increase, Qianli Intelligent Driving was injected into it by Geely or its designated entities, Chongqing Maichi, Lotus or its designated entities and provided business support. Through this investment, the company quickly intervened in the field of intelligent driving, improved the company’s technical strength, and built a co-prosperity ecosystem of AI and industry, which is in line with the company’s strategic development direction of “AI+ vehicles”.
Chengdu pioneer: Dongfang Jiayu, Shenzhen Juntian and Huabo Equipment plan to reduce their shares in the company
Chengdu Pioneer (688222.SH) announced that the company’s shareholders Dongfang Jiayu, Shenzhen Juntian and Huabo Equipment plan to reduce their holdings of shares in the company through centralized bidding transactions or block transactions. Among them, Dongfang Jiayu plans to reduce its holdings of no more than 4,817,500 shares, accounting for 1.20% of the company’s total share capital; Shenzhen Juntian plans to reduce its holdings of no more than 2,175,352 shares, accounting for 0.54% of the company’s total share capital; Huabo Equipment plans to reduce its holdings of no more than 2,000,000 shares, accounting for 0.50% of the company’s total share capital. The reduction period is from March 24, 2025 to June 23, 2025. The price of the reduction will be based on the market price, and the reason for the reduction will be its own financial needs and arrangements. These shareholders promised to announce the reduction plan three trading days before the reduction.
Chengda Bio: The actual controller is changed to no actual controller
Chengda Biotech (688739.SH) announced that the control rights of the company’s controlling shareholder Liaoning Chengda have changed, and the actual controller has been changed from the State-owned Assets Supervision and Administration Commission of Liaoning Province to no actual controller. Liaoning Chengda held an extraordinary shareholders ‘meeting on February 28, 2025 to review and approve the relevant proposals for the general election of the board of directors. Shaoguan Gaoteng achieved its support for Liaoning Chengda by nominating and electing more than half of the non-independent director seats on the board of directors of Liaoning Chengda. Management has a significant impact. Shaoguan Gaoteng became the largest shareholder of Liaoning Chengda, and its shareholding structure had no actual controller. Shaoguan Gaoteng indirectly controls a 54.67% stake in Chengda Biotech through Liaoning Chengda. The company has received the “Tender Offer Report of Liaoning Chengda Biological Co., Ltd.” issued by Shaoguan Gaoteng on this tender offer.
Warner Pharmaceutical Co., Ltd.: The company’s API Bismuth Potassium Citrate has received approval notice for marketing application
Warner Pharmaceutical Factory (688799.SH) announced that the company has received the “Notice of Approval for Marketing Application for Chemical Bulk Drugs” issued by potassium bismuth citrate issued by the State Food and Drug Administration. The bulk drug has complied with relevant national technical standards for drug review and has been approved. Use in domestic preparations will further enrich the company’s product line and enhance the company’s core competitiveness. At present, the company’s potassium bismuth citrate bulk drug is not yet sold. Affected by factors such as the progress of GMP compliance inspections and changes in the market environment, the production and sales time of this variety is uncertain.
Science and Technology frontier
High-resolution spectrometer accurately defines dark matter “lifetime”
A joint team from Tokyo Metropolitan University in Japan, PhotoCross Co., Ltd., Kyoto Institute of Technology and other institutions released the dark matter observation results of the near-infrared high-resolution spectrometer WINERED. The study sets the strictest limit to date on the “lifetime” of dark matter particles with masses between 1.8 and 2.7 electron volts. Related papers were published in the recently published journal Physical Review Letters.
The realization of low-energy spin-wave information transmission technology will help promote the development of the next generation computing system Ising machine
