The main content of today’s Sci-Tech Innovation Board morning report includes: ① Minister of Commerce Wang Wentao met with Apple CEO Tim Cook; ② Apple is preparing to launch Mac computers equipped with touchscreens; ③ United Integrated Circuit plans to increase capital in its holding subsidiary by 1.8 billion yuan; ④ Rongzhi Rixin’s net profit for the first three quarters is expected to increase by 871%-908% year-on-year.
The STAR Market Daily reported on October 17 that the main content of today’s morning report includes: Commerce Minister Wang Wentao met with Apple CEO Tim Cook; Apple is preparing to launch Mac computers equipped with touch screens; Lian Integrated Circuits plans to increase its capital investment in a holding subsidiary by 1.8 billion yuan; Rongzhi Daily New expects its net profit in the first three quarters to increase by 871%-908% year-on-year.
The STAR Market Daily, presented by host Xiao K.
[Market Dynamics]
MIIT: Launch a special campaign for “millisecond computing” in metropolitan areas to provide millisecond-level access to computing resources within the city domain.
The General Office of the Ministry of Industry and Information Technology has launched a special initiative called ‘Millisecond Computing Access in Metropolitan Areas,’ which focuses on the development of computing power networks. The goal is to build high-speed, large-capacity metropolitan networks characterized by deterministic low latency and ubiquitous wide coverage, providing millisecond-level access to computing resources within urban areas. Specifically, this involves achieving millisecond interconnections between data centers (<1 millisecond), millisecond access to computing resources at key locations (<1 millisecond), and millisecond availability of computing applications for terminal devices (network latency <10 milliseconds). By leveraging this initiative, relevant industries will focus on streamlining millisecond computing access pathways, progressively advancing the construction of millisecond computing access networks nationwide. By 2027, a comprehensive and efficiently connected metropolitan millisecond computing access network capability system is expected to take shape.
Ministry of Industry and Information Technology (MIIT): By 2027, achieve coverage of no less than 70% for metropolitan area computing power within a 1-millisecond latency circle, building a high-quality millisecond-level computing infrastructure.
The General Office of the Ministry of Industry and Information Technology has launched a special initiative on ‘millisecond access to computing’ in metropolitan areas, improving the layout of computing access networks in key locations, promoting the deployment of optical network equipment towards comprehensive access points, industrial parks, and other user-side areas, accelerating the widespread coverage of all-optical networks, and constructing metropolitan-area low-latency one-hop access to computing capabilities within milliseconds. The initiative will advance the verification of new technologies for computing access networks, including small-granularity Optical Transport Networks (OTN) and deterministic networks, guiding basic telecommunications enterprises to enhance the experience of dedicated computing access services. It will also assess the millisecond-level access capability of computing resources, establish a monitoring mechanism for the coverage capability of 1-millisecond latency circles for medium-sized and larger computing centers in metropolitan areas, and achieve coverage of no less than 70% for metropolitan computing power within a 1-millisecond latency circle by 2027, creating a high-quality millisecond-level computing foundation.
Commerce Minister Wang Wentao met with Apple CEO Tim Cook. Both parties exchanged views on Sino-U.S. economic and trade relations and Apple’s business development in China.
Commerce Minister Wang Wentao met with Tim Cook, Chief Executive Officer of Apple Inc. The two sides exchanged views on Sino-U.S. economic and trade relations and Apple’s business development in China. Wang Wentao stated that under the strategic guidance of the leaders of both countries, the economic and trade teams of both nations have held four rounds of talks since May to stabilize Sino-U.S. economic and trade relations. Recently, fluctuations in Sino-U.S. economic and trade relations have arisen mainly due to the U.S. side intensively introducing a series of restrictive measures against China after the Madrid economic and trade talks, severely harming China’s interests and undermining the atmosphere of bilateral economic and trade discussions. To maintain overall stability in Sino-U.S. economic and trade relations, efforts from both sides are needed. It is hoped that the U.S. side will work with China, guided by the important consensus reached during the leaders’ phone call, to seek solutions through equal dialogue and consultation, providing a more stable outlook and environment for cooperation between enterprises of both countries.
Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology: Formulating the 15th Five-Year Plan for the Development of Intelligent Connected New Energy Vehicle Industry
Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, stated today at the 2025 World Intelligent Connected Vehicles Conference that, as the industry’s governing body, the Ministry of Industry and Information Technology will treat intelligent connected vehicles as a crucial driving force in advancing new industrialization and developing new productive forces. It will comprehensively promote technological breakthroughs, application promotion, and other initiatives to foster high-quality and sustainable development of the industry. The Ministry will improve the policy framework, formulate the 15th Five-Year Plan for the development of intelligent connected new energy vehicle industries, clarify development goals, assign key tasks, expedite the formulation of standards such as for combined driving assistance and autonomous driving, optimize management in the intelligent connected vehicle production sector, standardize industrial competition order, and maintain a fair and orderly market environment.
Taiwan Semiconductor: AI demand stronger than expected three months ago
In the afternoon of October 16, Taiwan Semiconductor released its third-quarter earnings and held an investor conference, providing updates on guidance, artificial intelligence, capital expenditure, and process/production capacity. Regarding earnings guidance, Taiwan Semiconductor raised its 2025 revenue growth forecast to the mid-30% range and projected a gross margin of 59% to 61% for the fourth quarter, compared with market estimates of 57%. On artificial intelligence, the company noted it is still in the early stages of AI application but remains optimistic about AI’s growth prospects. AI demand continues to be strong, even exceeding expectations from three months ago. Concerning capital expenditure, Taiwan Semiconductor anticipates full-year capital expenditures of USD 40 billion to USD 42 billion.
Apple is preparing to launch a Mac computer equipped with a touch screen.
Apple is preparing to launch a Mac with a touch screen. The new MacBook Pro will feature a touch display, a slimmer body, and the M6 series chip. This new laptop will adopt OLED (Organic Light-Emitting Diode) display technology while retaining a full touchpad and keyboard, allowing users to freely choose between touch and traditional control methods. The touchscreen version of the MacBook Pro is expected to be released by the end of 2026 or early 2027, and due to the use of more expensive components, its price may be hundreds of dollars higher than the current version.
[Company Insights]
Core Union Integration: Plans to increase investment in its controlling subsidiary by CNY 1.8 billion to ensure the ongoing implementation of the ‘Phase III 12-inch Integrated Circuit Mixed-Signal Chip Manufacturing Project’
Xinlian Integration (688469.SH) announced that based on the company’s overall strategic development plan and actual operational needs, with optimism towards the market development of various chips required for power module applications and the significant opportunity brought by the implementation and advancement of new policy-oriented financial tools, the company plans to increase the capital of its controlling subsidiary Xinlian Pioneer by RMB 1.8 billion to ensure the continuous implementation of the ‘Phase III 12-inch Integrated Circuit Analog-Mixed Signal Chip Manufacturing Project.’ After the capital increase, Xinlian Integration’s shareholding ratio in Xinlian Pioneer will remain at no less than 50.85%.
Rongzhi Rixin: Net profit for the first three quarters is expected to increase by 871%-908% year-on-year
Rongzhi Rixin (688768.SH) announced that it has released its earnings forecast for the first three quarters of 2025, expecting the net profit attributable to the parent company’s shareholders to be between RMB 26.4 million and RMB 27.4 million, representing a year-on-year increase of 871.30% to 908.09%.
Shijia Optoelectronics: Net profit in the first three quarters increased by 728% year-on-year, with orders for products such as optical chips and devices showing varying degrees of year-on-year growth.
Shijia Optoelectronics (688313.SH) announced that the company achieved operating revenue of RMB 1.56 billion in the first three quarters of 2025, representing a year-on-year increase of 113.96%; net profit attributable to the listed company’s shareholders was RMB 299 million, reflecting a year-on-year increase of 727.74%.
The National Integrated Circuit Industry Investment Fund, the largest shareholder of Debond Technology, reduced its holdings by 1.5173 million shares from September 29 to October 15.
Derbond Technology (688035.SH) announced that from September 29, 2025, to October 15, 2025, the National Integrated Circuit Industry Investment Fund reduced its shareholding in the company by a total of 1.5173 million shares through centralized bidding and block trading methods. The proportion of the company’s total share capital decreased from 15.00% to 13.93%, reaching an integer multiple of 1%. This equity change is part of fulfilling a previously disclosed plan to reduce shareholdings and does not trigger mandatory tender offer obligations.
Junshi Biosciences: The Phase II/III clinical trial application for JS207 as a neoadjuvant treatment for non-small cell lung cancer patients has been approved by the FDA.
Junshi Biosciences (688180.SH) announced that the company’s clinical trial application for its product, recombinant humanized anti-PD-1 and VEGF bispecific antibody JS207 compared with nivolumab, as a neoadjuvant treatment for resectable, actionable genomic alteration (AGA)-negative Stage II/III non-small cell lung cancer patients, has been approved by the FDA. JS207 combines the therapeutic properties of immunotherapy and anti-angiogenic drugs, simultaneously blocking the binding of PD-1 to PD-L1 and PD-L2, and inhibiting the binding of VEGF to its receptors. This study marks the first time a PD-1/VEGF dual-target drug has been approved for confirmatory research in an operable patient population.
[Frontiers of Technology]
New implants deliver drugs precisely to multiple brain regions.
Scientists at New York University Abu Dhabi have developed a new type of brain implant capable of delivering drugs precisely to multiple regions of the brain, opening new avenues for the treatment of neurological diseases. The related research findings were published in the latest issue of the journal *Neural Engineering*. This implant, named ‘Strategic Precision Infusion for Regional Access and Liquid Administration’ (SPIRAL), is a lightweight and flexible catheter that can release drugs accurately at multiple sites within the brain. It not only covers broader and more complex brain tissue areas but also maintains the compactness and minimally invasive characteristics of the implant.
Progress Achieved in Research on Bidirectional Closed-Loop Flexible Neural Interfaces for Treating Vascular Dysfunction
Recently, a research team from the Shanghai Institute of Microsystem and Information Technology at the Chinese Academy of Sciences, among others, innovatively extended bidirectional closed-loop flexible brain-computer interface technology to vascular surgery scenarios, offering new diagnostic and therapeutic strategies for vascular dysfunction. By integrating semiconductor micro-nanofabrication processes with silk fibroin material functionalization methods, the research team developed a bioadhesive, conformable, flexible vascular neural interface based on adhesive silk fibroin. This flexible neural interface can achieve tight conformal adhesion to the three-dimensional curvature of blood vessels in complex liquid environments and form stable coupling with the circumferentially distributed sympathetic nerve network around the vessel. This allows for high-fidelity, high-quality acquisition of vascular electrophysiological signals and precise differentiation of sympathetic nerve activity patterns under varying vasomotor states. The related research findings were published in Nature Communications. The research received support from the National Natural Science Foundation of China, the Chinese Academy of Sciences, and the Shanghai Municipality, among others.