Group 1 - Semiconductor stocks in Hong Kong showed strong performance, with notable gains in several companies [1] - Shun Tai Holdings surged over 18%, while SMIC and Shanghai Fudan both increased by over 8% [1][2] - Other companies like Jingmen Semiconductor, Huahong Semiconductor, and Hongguang Semiconductor also experienced significant increases, ranging from 3% to 6% [1][2] Group 2 - Shun Tai Holdings (code: 01335) rose by 18.32% to a price of 0.155, with a total market capitalization of 3.77 billion [2] - SMIC (code: 00981) increased by 8.98% to 61.300, with a market cap of 4895.62 billion [2] - Shanghai Fudan (code: 01385) saw an 8.77% rise to 37.960, with a market value of 311.81 billion [2] - Jingmen Semiconductor (code: 02878) gained 6.00% to 0.530, with a market cap of 13.24 billion [2] - Huahong Semiconductor (code: 01347) increased by 5.78% to 55.800, with a total market value of 965.05 billion [2] - Hongguang Semiconductor (code: 06908) rose by 3.33% to 0.620, with a market cap of 5.82 billion [2]

Group 1 - Semiconductor stocks in Hong Kong continued their recent momentum, with Shanghai Fudan rising by 7.68%, SMIC by 7.02%, Hua Hong Semiconductor by 4.27%, and Jingmen Semiconductor by 4% [1][2] - According to TrendForce, the proportion of imported chips in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025, while domestic chip suppliers' share is projected to rise to 40%, indicating a trend towards domestic substitution [2] - The Chinese government recently issued opinions on the implementation of the "Artificial Intelligence +" initiative, emphasizing the integration of AI-driven technology research and development, which is expected to benefit the semiconductor and domestic computing sectors [3] Group 2 - Shanghai Fudan reported a revenue of 1.839 billion yuan for the first half of 2025, a year-on-year increase of 2.49%, but net profit fell by 44.38% to 194 million yuan [4] - Despite the decline in profit, Shanghai Fudan's stock price surged, reaching an intraday increase of nearly 11% [4]

Group 1 - Shanghai Fudan (01385.HK) increased by 5.21% [1] - SMIC (09981.HK) rose by 2.76% [1] - Chipone Technology (02166.HK) gained 2.23% [1]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：2166） 董事會會議日期 芯智控股有限公司（「本公司」）董事會（「董事會」）茲通告謹定於二零二五年八月二 十九日（ 星期五 ）舉行董事會會議，藉以（ 其中包括 ）考慮及通過本公司及其附屬公 司截至二零二五年六月三十日止六個月的中期業績及其發佈，並考慮派發中期股 息（ 如有）。 承董事會命 芯 智 控 股 有 限 公 司 Smart-Core Holdings Limited 芯智控股有限公司 董事長及執行董事 田衛東 香港，二零二五年八月八日 於本公告日期，本公司董事會包括執行董事田衛東先生（ 董事長 ）、劉紅兵先生、 麥漢佳先生及鄭鋼先生，非執行董事黃梓良先生，獨立非執行董事湯明哲博士、 許微女士及林晨博士。 ...

| 代码 | 名称 | 最新价 | 涨跌幅 へ | | --- | --- | --- | --- | | 02166 | 芯智控股 | 1.820 | -3.19% | | 01347 | 华虹半导体 | 43.040 | -1.47% | | 02149 | 贝克微 | 56.850 | -1.30% | | 00085 | 中电华大科技 | 1.600 | -1.23% | | 00981 | 中芯国际 | 52.000 | -1.14% | 港股半导体多数走低，其中，芯智控股跌超3%，中芯国际、华虹半导体、贝克微、中电华大科技均跌 超1%。 消息上，特朗普周三表示，美国将对那些未在美国境内生产芯片、或未计划在美设厂的国家所生产的半 导体征收约100%的关税。特朗普还表示，最早下周就可能对所有含有半导体芯片的产品征收独立的关 税。 有分析指出，特朗普的关税政策若实施，将短期内加剧中国半导体行业的出口压力，但中长期可能进一 步强化中国自主化决心。然而，技术封锁与市场分割的风险将导致全球半导体效率下降、成本上升。 (格隆汇) ...

| 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 芯智控股有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02166 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | 0.00001 | USD | | 50,000 | 股份發行人及根據《上市規 ...

Financial Performance - The company achieved a sales revenue of HKD 46.479 billion for the year ending December 31, 2024, reflecting a significant growth driven by AI-related applications[29]. - The net profit margin for the year ending December 31, 2024, is reported at 33.2%[14]. - The company’s basic earnings per share for the year ending December 31, 2024, is reported at HKD 1.84[21]. - The company’s total equity attributable to owners as of December 31, 2024, is HKD 1,693.9 million[16]. - The company’s dividend per share for the year ending December 31, 2024, is reported at HKD 21.41, representing a 140% increase[25]. - The group’s revenue for the year ended December 31, 2024, was HKD 4,647.9 million, a decrease of HKD 1,018.0 million (or 18.0%) compared to HKD 5,665.9 million in 2023[60]. - Gross profit decreased by HKD 129.8 million to HKD 311.7 million, with a gross margin decline of 1.1% to 6.7% from 7.8% in 2023[62]. - For the year ended December 31, 2024, the group's profit was HKD 101.1 million, an increase of HKD 8.6 million or 9.3% compared to HKD 92.5 million in 2023[67]. - The net profit attributable to the owners of the company reached HKD 100.3 million, representing a 41.1% increase from HKD 71.1 million in 2023[68]. Market Trends and Projections - Global semiconductor sales are projected to increase by 19% in 2024, reaching a record USD 627 billion, largely due to the demand for AI computing power[30]. - AI applications and related spending are projected to generate a cumulative global economic impact of $19.9 trillion by 2030, with a potential 0.8 percentage point increase in global GDP growth if managed properly[32]. - The semiconductor market is expected to grow, with data transmission benefiting from AI server technology upgrades projected to increase by 15.6% year-on-year in 2025[32]. - The demand for AI-related GPUs and AI processors is expected to grow by 24% in 2025, while overall storage chip growth is estimated at around 33%[32]. - The AI application market is anticipated to drive significant growth in semiconductor demand over the next 5-10 years, particularly in high-end storage and computing chips[51]. Business Development and Strategy - The company aims to enhance its business development by focusing on AI-related fields and transforming its positioning to bridge AI technology and products[36]. - The company is focusing on expanding its overseas market presence, particularly in India and Southeast Asia, as part of its dual headquarters strategy to adapt to changing international business scenarios[40]. - The company is actively optimizing its consumer electronics business unit to improve key performance indicators such as gross margin and inventory turnover[43]. - The company has invested more resources in marketing activities to promote its e-commerce platform and new products, aiming to broaden its customer base[107]. - The company has identified several strategic product segments that are expected to grow rapidly and plans to continue expanding its product portfolio[107]. Operational Highlights - The company has expanded its customer base to over 20,000 diversified commercial clients by the end of 2024[29]. - The company has established 12 business locations and branches to serve clients in the electronics industry across China and the Asia-Pacific region[29]. - The company is leveraging its accumulated resources in edge and on-device AI to provide various product-level technical solutions, enhancing its position as a mainstream chip supplier in the AI sector[41]. - The company’s AI-related business share has grown rapidly in 2024, improving profitability and laying a solid foundation for business growth in 2025[41]. - The company is expanding its supplier base through strategic partnerships and exploring new product segments with growth potential[102]. Environmental and Social Governance (ESG) - Environmental protection is recognized as crucial for the company's long-term development, with no fines or penalties incurred for non-compliance with health, safety, or environmental regulations[99]. - The group aims to achieve specific environmental goals to enhance its environmental performance and reduce carbon emissions[189]. - The group has received multiple recognitions and certifications, including ISO 9001:2015 and ISO 14001:2015, reflecting its commitment to sustainable development[188]. - The group emphasizes the importance of stakeholder communication to improve service quality and internal strategies[181]. - The group adheres to all environmental laws and regulations, implementing energy-saving measures in its operations[189]. Employee and Management - The company has a strong management team with over 20 years of experience in the semiconductor and electronics industries[86][87][88][89][90]. - The company emphasizes the importance of employee relations and offers competitive compensation, along with stock reward and stock option plans for senior management and employees[100]. - As of December 31, 2024, the group had 312 employees, a decrease from 353 employees as of December 31, 2023[82]. - Total employee costs for the year ended December 31, 2024, were approximately HKD 108.4 million, down from HKD 182.6 million for the year ended December 31, 2023[82]. Shareholder Information - The company proposed a final dividend of HKD 0.10 per share for the year ending December 31, 2024, compared to HKD 0.05 in 2023, subject to shareholder approval[103]. - The company's distributable reserves as of December 31, 2024, amounted to HKD 286.9 million, down from HKD 330.0 million in 2023[111]. - As of December 31, 2024, the company has a total of 488,681,030 shares issued[125]. - Mr. Tian Weidong holds 262,500,000 shares, representing 53.72% of the total shares[121]. - The stock option plan allows for a maximum issuance of 50,000,000 shares, representing 10.23% of the company's issued share capital as of the report date[142].

总部深圳，成立于2005年的芯智控股(2166.HK)，作为国内领先的集成电路及其他电子元器件全能型分 销商及技术增值服务商，近期发布2024年业绩。公司战略调整业务布局，拓展与AI高度相关的业务领 域，全年收入虽有所下降，但仍录得46.48亿港元规模，费用端改善，归母净利润高增41%，并大幅提 升了派息比例。 一、始终掌握行业趋势，部分年份业绩弹性大 首先，电子元器件分销行业的产业价值，一方面是协助上游原厂进行市场推广，一方面为下游客户提供 集中采购服务。行业数据显示，2023年全球分销商TOP50营收超1780亿美元，头部企业有欧美巨头艾睿 电子、安富利，也有中国台湾企业大联大、文晔科技等，内地头部企业包括中电港(001287.SZ)、深圳 华强(000062.SZ)、香农芯创(300475.SZ)、力源信息(300184.SZ)、好上好(001298.SZ)等，芯智控股也属 于一线本土玩家，营收规模在全球TOP40以内。 其次，从电子元器件的产品类别看，半导体占比超过7成，其他还有连接器、无源元件、机电产品、计 算机/系统、电源和电池类产品等。芯智控股的业务主要聚焦半导体领域，上游合作的芯片原厂包括 M ...

Financial Performance - Total revenue for the fiscal year ending December 31, 2024, was HKD 4,647.9 million, a decrease of 18.0% compared to HKD 5,665.9 million in 2023[3] - Gross profit for the fiscal year ending December 31, 2024, was HKD 311.7 million, down 29.4% from HKD 441.5 million in 2023[3] - Net profit attributable to owners of the company for the fiscal year ending December 31, 2024, increased by 41.1% to HKD 100.3 million from HKD 71.1 million in 2023[3] - Basic and diluted earnings per share for the fiscal year ending December 31, 2024, were HKD 0.2141 and HKD 0.2139, respectively, compared to HKD 0.1508 and HKD 0.1505 in 2023[3] - The company reported a total tax expense of HKD 13,837 for 2024, a decrease from HKD 16,736 in 2023[28] - The company's total comprehensive income for the year was HKD 101,053, up from HKD 92,505 in 2023[23] Dividends - The board proposed a final dividend of HKD 0.10 per share for the fiscal year ending December 31, 2024, up from HKD 0.05 per share in 2023[3] - The company proposed a final dividend of HKD 0.10 per ordinary share for the year ending December 31, 2024, totaling approximately HKD 48,868,000, compared to HKD 23,469,000 in 2023[29] Expenses - Other income for the fiscal year ending December 31, 2024, was HKD 21.3 million, down from HKD 43.7 million in 2023[4] - Research and development expenses for the fiscal year ending December 31, 2024, were HKD 31.5 million, slightly down from HKD 32.5 million in 2023[4] - Administrative expenses decreased to HKD 73.0 million in 2024 from HKD 116.0 million in 2023[4] - Financial expenses for the fiscal year ending December 31, 2024, were HKD 26.6 million, a reduction of HKD 30.4 million from HKD 57.0 million in 2023[70] - Total employee costs (excluding directors' remuneration) for 2024 were HKD 72,129,000, down from HKD 137,596,000 in 2023, reflecting a significant reduction[29] - The company reported a total of HKD 119,877,000 in employee costs for 2024, compared to HKD 190,124,000 in 2023, indicating a decrease of approximately 37%[29] Assets and Liabilities - Total assets decreased from HKD 1,400,325 thousand in 2023 to HKD 1,339,075 thousand in 2024, a decline of approximately 4.4%[7] - Current assets decreased from HKD 610,134 thousand in 2023 to HKD 569,908 thousand in 2024, representing a decrease of about 6.6%[7] - Total liabilities decreased from HKD 830,417 thousand in 2023 to HKD 728,941 thousand in 2024, a reduction of approximately 12.2%[7] - Non-current liabilities decreased from HKD 5,467 thousand in 2023 to HKD 5,199 thousand in 2024, a decline of about 4.9%[8] - The company's net asset value increased from HKD 904,413 thousand in 2023 to HKD 959,776 thousand in 2024, an increase of approximately 6.1%[8] - The company's goodwill remained stable at HKD 20,159 thousand for both 2023 and 2024[7] Revenue Segmentation - The revenue from electronic components sales was HKD 4,594,548, while mixed distribution revenue was HKD 53,348, indicating a significant decline in mixed distribution[17] - Revenue from external customers for the year ended December 31, 2024, was HKD 4,647,896, a decrease of 18% from HKD 5,665,885 in 2023[23] - Revenue from external customers in Hong Kong for 2024 was HKD 2,564,489, down from HKD 4,242,407 in 2023, indicating a significant decline[26] - Revenue from external customers in China increased to HKD 1,604,987 in 2024, up from HKD 1,264,470 in 2023, reflecting a growth of 27%[26] - The segment profit for the licensing distribution segment was HKD 83,225 for 2024, compared to HKD 58,696 in 2023, showing an increase of 42%[23] Market Trends and Projections - In 2024, the global semiconductor market is projected to grow by 19% to reach $627 billion, driven primarily by AI-related chips such as high-bandwidth memory (HBM) and logic chips, which are expected to grow by 81% and 16.9% respectively[38] - The global smart home market is expected to grow by 7% in 2024, reaching USD 125 billion, indicating robust demand for smart vision solutions[40] - The global market for high-end optical modules is anticipated to maintain a strong growth trend, contributing to the business unit's performance growth targets[60] - The global automotive display panel market saw a year-on-year shipment increase of 11% in the first half of 2024, reaching 110 million units[57] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the group's audited consolidated financial statements for the year ended December 31, 2024[101] - The company announced its annual performance report for the year ending December 31, 2024, which will be published on the Hong Kong Stock Exchange and the company's website[104] - The annual general meeting is scheduled for May 23, 2025, with notifications to be published in accordance with listing rules[105]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 2,623,869 thousand, a decrease of 17.6% compared to HKD 3,184,637 thousand in 2023[9] - Gross profit decreased by 37.6% to HKD 143,419 thousand from HKD 229,876 thousand year-on-year[9] - Profit before tax increased by 59.4% to HKD 45,229 thousand, up from HKD 28,378 thousand in the previous year[9] - Net profit attributable to owners of the company surged by 186.6% to HKD 36,326 thousand, compared to HKD 12,674 thousand in 2023[9] - Basic earnings per share rose by 188.4% to HKD 7.73 from HKD 2.68 in the same period last year[9] - The group's profit for the six months ended June 30, 2024, was HKD 36.9 million, an increase of HKD 15.8 million (74.8%) from HKD 21.1 million in the same period of 2023, with a net profit margin of approximately 1.4%[51] - The company reported a total comprehensive profit of HKD 36,917,000 for the six months ended June 30, 2024, compared to HKD 21,116,000 for the same period in 2023, reflecting a year-on-year increase of 74.8%[126] Assets and Liabilities - Total assets increased by 10.4% to HKD 1,921,712 thousand as of June 30, 2024, compared to HKD 1,740,297 thousand at the end of 2023[9] - Total liabilities rose by 20.7% to HKD 1,009,051 thousand from HKD 835,884 thousand year-on-year[9] - The debt-to-equity ratio increased to 56.6% from 44.0% in the previous year, reflecting a 28.6% rise[9] - The group's outstanding bank and other borrowings as of June 30, 2024, were HKD 516.6 million, an increase from HKD 397.7 million as of December 31, 2023[59] - Current liabilities increased to HKD 1,001,628 thousand from HKD 830,417 thousand, reflecting a rise of 20.6%[100] Market Trends and Projections - In the first half of 2024, the semiconductor market is expected to see a significant recovery, with DRAM growth rates of 20% in Q1 and 13-18% in Q2, while NAND flash growth rates are projected at 23-28% in Q1 and 15-20% in Q2[14] - The global semiconductor market is projected to grow by 15.2% year-on-year in Q1 2024, with total sales reaching USD 137.7 billion[12] - The global storage chip market is expected to grow by 45% year-on-year in 2024, reaching $129.8 billion, supported by strong demand driven by AI and digital economy[33] - The global automotive storage market is projected to grow from $4 billion in 2021 to $10 billion by 2025, with a compound annual growth rate (CAGR) of 28%[33] Business Unit Performance - The storage chip business unit achieved a sales revenue of HKD 645.7 million in the first half of 2024, representing a substantial year-on-year increase of 1,380.5%[14] - The traditional smart display business unit experienced a significant decline, with sales revenue of HKD 444.5 million in the first half of 2024, down 62.0% year-on-year due to various market factors[18] - The communication products business unit achieved sales of HKD 277.1 million in the first half of 2024, representing a significant year-on-year increase of 27.0%, driven by strong demand for cellular IoT modules in China and India[22] - The optical communication business unit reported sales of HKD 171.0 million in the first half of 2024, a remarkable year-on-year increase of 39,659.5%, fueled by the surge in demand for high-speed optical modules due to the growth of AI server requirements[23] Cash Flow and Expenses - Operating cash flow before changes in working capital was HKD 51,090 million, with a net cash from operating activities of HKD 205,848 million[107] - The company experienced a decrease in cash and cash equivalents of HKD 65,277 million, resulting in a closing balance of HKD 425,463 million[107] - The total tax expense for the six months ended June 30, 2024, was 8,312 thousand HKD, compared to 7,262 thousand HKD in 2023, indicating an increase in tax obligations[139] Employee and Shareholder Information - As of June 30, 2024, the total number of employees is 327, a decrease from 645 as of June 30, 2023, with total employee costs for the six months ending June 30, 2024, amounting to approximately HKD 53.9 million, down from HKD 89.6 million for the same period in 2023[65] - The company declared an interim dividend of HKD 0.02 per share for the six months ending June 30, 2024, compared to no dividend for the same period in 2023[70] - Mr. Tian Weidong holds 262,500,000 shares, representing approximately 53.72% of the total shares[84] Compliance and Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[87] - The financial statements were prepared in accordance with Hong Kong Accounting Standards (HKAS) No. 34 and applicable disclosure requirements of the Hong Kong Stock Exchange[108] - The audit committee has reviewed the interim financial statements and discussed accounting policies with external auditors[87]