① The remote-eight provider rocket ‘Force Arrow One’ was efficiently launched; ② Ubtech Robotics gained a billion-yuan order for humanoid robots; ③ MaxiTech will go public on October 24.
The科创板Daily, October twentieth report: Today’s principal highlights from the Sci-Tech Innovation Board embrace: the profitable launch of the remote-eight provider rocket ‘Force Arrow One’; Ubtech Robotics profitable a billion-yuan order for humanoid robots; and MaxiTech scheduled to go public on October 24.
The STAR Market Daily, offered by host Xiao K.
Market Dynamics
Yin Hetun, Minister of Science and Technology, presided over regional and departmental symposiums on the ‘fifteenth Five-Year Plan’ for nationwide science and technology innovation growth.
Yin Hetun, Secretary of the Party Leadership Group and Minister of the Ministry of Science and Technology, presided over regional and departmental symposiums on the ‘fifteenth Five-Year Plan’ for nationwide science and technology innovation growth on October 11 and 17. He listened to opinions and recommendations from related areas and departments concerning the targets, duties, and initiatives for constructing a sturdy science and technology nation throughout the ‘fifteenth Five-Year Plan’ period. Yin Hetun emphasised that the ‘fifteenth Five-Year Plan’ period is a critical phase for advancing the construction of a sturdy science and technology nation. Seizing alternatives in the new spherical of scientific and technological revolution and industrial transformation, addressing advanced worldwide dynamics, and supporting high-quality growth impose larger calls for on science and technology work. Accurately understanding the traits of this phase, mobilizing all out there sources, and scientifically planning the targets, duties, and key measures for science and technology innovation throughout the ‘fifteenth Five-Year Plan’ are of nice significance for accelerating self-reliance in superior science and technology and establishing a sturdy science and technology nation.
The user base of generative synthetic intelligence in China has exceeded 500 million.
The China Internet Network Information Center (NCSIC) launched the ‘Generative Artificial Intelligence Application Development Report (2025)’ at the 2025 (sixth) China Internet Infrastructure Resources Conference. The report exhibits that as of June 2025, the quantity of generative synthetic intelligence customers in China reached 515 million, a rise of 266 million from December 2024, doubling the user base inside half a yr; the penetration price stood at 36.5%.
Jensen Huang: NVIDIA’s market share of high-end chips in China has dropped from 95% to 0%.
Jensen Huang, CEO of NVIDIA Corporation, lately said that because of U.S. export controls, this American semiconductor large has been banned from promoting its superior merchandise to mainland Chinese enterprises, leading to its market share of high-end chips in China plummeting from 95% to 0%.
Successful Launch of the Zhuque-1 Yao-8 Carrier Rocket
At 11:33 a.m. on October 19, the Zhuque-1 Yao-8 provider rocket was launched from the Dongfeng Commercial Aerospace Innovation Test Zone. It efficiently delivered three satellites—Pakistan Remote Sensing Satellite 02, Zhongke Satellite 03, and Zhongke Satellite 04—into their designated orbits. The flight take a look at mission was achieved with full success.
Ubtech Robotics’ Walker Humanoid Robot Secures Another Billion-Yuan Order
Reporters from The STAR Market Daily discovered that Ubtech Robotics has gained the bid for the ‘Guangxi Embodied Intelligence Data Collection and Testing Center Equipment Procurement and Installation’ challenge, with an order worth of 126 million yuan. According to the challenge plan, this procurement consists of Ubtech’s newest totally autonomous embodied intelligence humanoid robotic, Walker S2, which options self-powered battery swapping. To date, orders for Ubtech’s Walker collection humanoid robots have exceeded 630 million yuan for the yr.
Corporate Perspectives
The Shanghai Stock Exchange Listing Committee will overview the preliminary public providing of Maxin Integrated Circuits (Shanghai) Co., Ltd. on October 24.
The Listing Review Committee of the Shanghai Stock Exchange introduced on October 17 that it has scheduled the forty sixth overview assembly for 2025 to be held on October 24, 2025, to deliberate on the preliminary public providing of Muxi Integrated Circuit (Shanghai) Co., Ltd.
Sanhua: The firm plans to regulate the higher restrict of its share repurchase value from 35.75 yuan per share to 60 yuan per share.
Sanhua (002050.SZ) introduced that the firm plans to regulate the higher restrict of the share repurchase value from RMB 35.75 per share to RMB 60 per share and prolong the implementation period of the repurchase to February 28, 2026. This adjustment displays the firm’s recognition of its long-term worth and confidence in its growth prospects, in addition to guaranteeing the easy implementation of the repurchase plan. Except for the changes to the value cap and implementation timeline, all different features of the repurchase plan stay unchanged. The firm has repurchased 1.5068 million shares by centralized bidding, with a whole transaction quantity of RMB 35.9715 million.
Cambricon: Net revenue for the first three quarters reached 1.6 billion yuan.
Cambrian Technology (688256.SH) launched its Q3 2025 report, with income reaching RMB 1.727 billion in Q3, representing a year-on-year improve of 1,332.52%; web revenue amounted to RMB 567 million. For the first three quarters, income reached RMB 4.607 billion, a year-on-year improve of 2,386.38%, with a web revenue of RMB 1.605 billion. The newest record of prime ten shareholders exhibits that Zhang Jianping, a distinguished particular person investor, ranked as the fifth-largest shareholder, growing his stake from 1.46% at the finish of Q2 to 1.53%, with a further buy of 320,000 shares.
GoerTek: Termination of plans to accumulate 100% fairness of Mega Precision Technology Limited and Channel Well Industrial Limited for HKD 10.4 billion
GoerTek (002241.SZ) introduced that the firm initially meant to accumulate 100% fairness of Mega Precision Technology Limited and Channel Well Industrial Limited, wholly-owned subsidiaries of Luen Fung Commercial Holdings Limited, for roughly HKD 10.4 billion (equal to RMB 9.5 billion) utilizing its personal or raised funds. However, because of the incapacity of each events to achieve a consensus on key phrases associated to the transaction, the firm determined to terminate the planning of this fairness acquisition.
Silan Microelectronics: Plans joint funding of RMB 20 billion to assemble a 12-inch high-end analog built-in circuit chip manufacturing manufacturing line challenge
Silan Micro (600460.SH) introduced that the firm, along with the Xiamen Municipal Government and the Haicang District Government of Xiamen City, signed the ‘Strategic Cooperation Agreement on the 12-inch High-end Analog Integrated Circuit Chip Manufacturing Production Line Project’ in Xiamen on October 18, 2025. Meanwhile, the firm and its wholly-owned subsidiary, Silan Micro (Xiamen), plan to collectively improve the capital of their subsidiary, Silan Jihua, by 5.1 billion yuan, together with Xiamen Semiconductor Investment Group and Xiamen Xinyi Technology Industry. Silan Jihua will act as the implementation entity for the ’12-inch High-end Analog Integrated Circuit Chip Manufacturing Production Line Project.’ The challenge is deliberate to have a whole funding of 20 billion yuan, with a deliberate manufacturing capability of 45,000 wafers monthly, to be applied in two phases. After the completion of each phases, an annual manufacturing capability of 540,000 wafers will probably be achieved in the Haicang District of Xiamen.
Zelgen Pharma: Clinical information for ZG006 and ZG005 to be offered at the 2025 European Society for Medical Oncology (ESMO) Annual Meeting
Zelgen Pharma (688266.SH) introduced that medical analysis information and the newest updates for its self-developed medication Alveltamig (code identify: ZG006) and Nilvanstomig (code identify: ZG005) will probably be offered at the European Society for Medical Oncology (ESMO) Annual Meeting, which is able to happen from October 17 to 21, 2025. ZG006 is the world’s first trispecific antibody concentrating on DLL3 (DLL3×DLL3×CD3), representing a first-in-class molecular format with the potential to change into a best-in-class molecule. ZG005 is one of the first medication globally to enter medical trials for the identical goal, and no drug with a comparable mechanism has but been accredited for advertising and marketing worldwide.
Sunshine Norva: Plans to subscribe for Yuanma Zhiyao’s fairness with RMB 15 million; Yuanma Zhiyao is anticipated to change into the world’s first modified round mRNA in vivo CAR-T remedy to enter medical trials
Sunshine Norva (688621.SH) introduced that, to advance its total strategic structure in the fields of in vivo CAR-T cell remedy and nucleic acid medication, the firm intends to contribute RMB 15 million in personal funds to subscribe for a further registered capital of RMB 110,556 yuan in Yuanma Zhiyao. After the completion of the capital improve, it would maintain 8.20% of its fairness. Yuanma Zhiyao focuses on the innovation and growth of round mRNA in vivo CAR-T nucleic acid medication and has accomplished early-stage analysis and growth for a number of pipelines, together with round mRNA in vivo CAR-T, quickly advancing towards medical analysis. It is anticipated to change into the world’s first modified round mRNA in vivo CAR-T remedy to enter medical trials.
Zhuhai CosMX: Forecasts Q3 web revenue development of 50.43%-80.51% year-over-year
Zhuhai CosMX (688772.SH) introduced that the web revenue attributable to shareholders of the listed firm for the first three quarters of 2025 is anticipated to achieve RMB 3.67 billion–RMB 4.17 billion, representing a year-on-year improve of 36.88%-55.54%. The web revenue attributable to shareholders in Q3 is projected at RMB 2.5 billion–RMB 3 billion, marking a year-on-year development of 50.43%-80.51%. This efficiency enchancment is primarily pushed by a rise in buyer share and optimized value and expense management achieved by continued refined operations.
Puya Semiconductor: Plans to Establish a Wholly-Owned Subsidiary in Hong Kong
Puya Semiconductor (688766.SH) introduced that, based mostly on its total growth plan, the firm intends to determine a wholly-owned subsidiary in Hong Kong named Puya Semiconductor (Hong Kong) Limited, with an funding quantity of USD 1 million.
Frontiers of Technology
Scientists Observe Quantum Effects in Organic Materials
For the first time, scientists at the Cavendish Laboratory of the University of Cambridge have noticed a quantum impact in natural supplies that was beforehand thought to exist solely in inorganic metallic oxides. These distinctive natural molecules can leverage this quantum mechanism to transform mild power into electrical power with extraordinarily excessive effectivity. This breakthrough may result in easier, lighter, and less expensive photo voltaic cells. The associated analysis findings have been revealed in the newest challenge of the journal Nature Materials.
Research Institutions Extract New Anti-Inflammatory and Anti-Aging Ingredients from Various Plants
The VTT Technical Research Centre of Finland, in collaboration with analysis establishments and enterprises throughout a number of European nations, has found a number of new plant-based elements with anti-inflammatory and anti-aging properties as half of a current analysis challenge, offering new instructions for sustainable skincare product growth. The InnCoCells challenge workforce, coordinated by the VTT Technical Research Centre of Finland, screened over 100 plant extracts to guage their influence on 20 biomarkers related to pores and skin irritation and getting old, finally figuring out roughly 25 candidate elements with growth potential. These elements will be sourced from crops cultivated in greenhouses, plant cells and tissues grown in bioreactors, or agricultural by-products repurposed by upcycling, combining efficacy with environmental sustainability.