兆易创新科技集团股份有限公司 关于"提质增效重回报"行动方案的 2025 年年度评估报告 为践行"以投资者为本"的上市公司发展理念，维护兆易创新科技集团股份 有限公司（以下简称"兆易创新"或"公司"）全体股东利益，基于对公司未来 发展前景的信心、对企业价值的深刻认识以及对社会责任的认真履行，公司已制 定并发布《兆易创新"提质增效重回报"行动方案》（以下简称"行动方案"）。 2025 年，公司积极落实行动方案各项举措，进一步提高上市公司质量，保障投 资者权益，促进公司健康可持续发展。现将公司 2025 年度的执行情况报告如下： 一、聚焦主营业务，深化全球布局 （一）聚焦主营业务，经营业绩持续向好 2025 年度，公司 Nor Flash 产品得益于汽车、工业、存储与计算及手机、平 板电脑等领域的拉动，实现营业收入和出货量的增长；SLC NAND Flash 产品受 益于海外大厂的退出，于 2025 年下半年呈量价齐升，毛利率环比改善明显，收 入同比高增。公司利基型 DRAM 产品随着海外大厂的加快淡出，市场呈现显著 供不应求的局面，自 2025 年第二季度起，公司利基型 DRAM 产品量价齐升，毛 利率季度环比 ...

可持续发展/环境、社会和公司治理报告摘要 证券代码：603986 证券简称：兆易创新 兆易创新科技集团股份有限公司 2025年度环境、社会和公司治理报告摘要 1 / 5 可持续发展/环境、社会和公司治理报告摘要 第一节 重要提示 1、本摘要来自于环境、社会和公司治理报告全文，为全面了解本公司环境、社会和公 司治理议题的相关影响、风险和机遇，以及公司可持续发展战略等相关事项，投资者应 当到 www.sse.com.cn 网站仔细阅读环境、社会和公司治理报告全文。 2、本环境、社会和公司治理报告经公司董事会审议通过。 3、毕马威华振会计师事务所为环境、社会和公司治理报告全文（或部分议题、指标） 出具了鉴证报告。 第二节 报告基本情况 1、基本信息 | 股票代码 | 603986 | | --- | --- | | 公司简称 | 兆易创新 | | 公司名称 | 兆易创新科技集团股份有限公司 | | 报告范围 | 与年度财务报告合并报表范围保持一致 | | 时间范围 | 与年度财务报告保持一致 | | 编制依据 | 本报告根据《上海证券交易所上市公司自律监管指引第 1 | | | 号——规范运作》《上海证券交易所上市 ...

兆易创新科技集团股份有限公司 关于 2026 年度开展外汇衍生品交易业务的可行性分 析报告 一、开展外汇衍生品交易业务的背景 为规避外汇市场风险，防范汇率大幅波动带来的不良影响，公司及纳入合并 报表范围的下属子公司根据实际需要，拟与银行等金融机构开展总额不超过 6 亿美元或其他等值外币的外汇衍生品交易业务。 二、开展外汇衍生品交易业务的基本情况 （一）交易目的 公司境外销售业务占比较大，外销业务主要采用美元结算，当汇率出现大幅 波动时，汇兑损益对公司的经营业绩会造成一定影响。为规避公司所面临的汇率 风险，防范汇率大幅波动对公司造成不良影响，增强公司财务稳健性，公司及下 属子公司拟开展外汇衍生品交易业务。公司外汇衍生品交易均以生产经营为基础， 以套期保值为目的开展，不进行单纯以盈利为目的的投机和套利交易，不会影响 公司主营业务发展。 公司制定了《外汇套期保值业务管理制度》，完善了相关内控制度，公司参 与外汇套期保值业务的人员均已充分理解外汇套期保值业务的特点及风险，公司 采取的针对性风险控制措施切实可行，开展外汇套期保值业务具有可行性。 （二）交易金额 2026年度公司及子公司拟进行外汇衍生品交易业务的交易金额 ...

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的內容概不 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 對 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的任何損失承擔任何責 任。 GigaDevice Semiconductor Inc. 兆易創新科技集團股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：3986） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 而 作 出。 茲載列兆易創新科技集團股份有限公司（「本公司」）在上海證券交易所網站刊 登 的 以 下 資 料 中 文 全 文，僅 供 參 閱。 承董事會命 兆易創新科技集團股份有限公司 董事長兼執行董事 朱一明先生 中 國，北 京，2026年3月26日 截 至 本 公 告 日 期，董 事 會 包 括：(i)執 行 董 事 朱 一 明 先 生、何 衛 先 生 及 胡 洪 先 生； (ii)非 執 行 董 事 文 恬 女 士；及(iii)獨 立 非 執 行 董 事 周 海 濤 先 ...

证券代码：603986 证券简称：兆易创新 公告编号：2026-017 兆易创新科技集团股份有限公司 关于归还部分用于暂时补充流动资金的 A 股募集资金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 截至 2026 年 3 月 26 日，公司已累计归还临时补充流动资金的闲置募集 资金人民币 170,000 万元。 | 发行名称 | 2020年向特定对象非公开发行股票 | | | --- | --- | --- | | 募集资金到账时间 | 2020年5月26日 | | | 临时补流募集资金金额（万元） | | 170,000 | | 补流期限 | 2025年4月24日至2026年4月23日 | | 二、归还募集资金的相关情况 2026 年 1 月 9 日，公司将用于暂时补充流动资金的 8 亿元募集资金提前归 还至募集资金专用账户，具体内容请详见公司于 2026 年 1 月 10 日披露的《兆易 创新关于提前归还部分用于暂时补充流动资金的募集资金的公告》（公告编号： 1 2026-002）。 根据现阶段募 ...

Group 1: Company Performance - Xirui (02507) reported a revenue of $1.354 billion for 2025, a year-on-year increase of 13.13%, with a net profit of $139 million, up 15.02% [1] - Jiantao Laminates (01888) achieved a revenue of HKD 20.4 billion, a 10% increase year-on-year, and a profit attributable to shareholders of HKD 2.442 billion, up 84.16% [1] - H&H International Holdings (01112) reported a revenue of RMB 14.354 billion, a 10% year-on-year increase, with an adjusted net profit growth of 22.7% [2] - China Jinmao (00817) posted a gross profit of RMB 9.221 billion, a 7% increase year-on-year, with a gross margin improvement of 1 percentage point [3] - Kunlun Energy (00135) reported a revenue of RMB 193.979 billion, a 3.71% increase year-on-year, but a net profit decrease of 10.3% [3] - China Nonferrous Mining (01258) achieved a revenue of $3.42 billion, a decrease of 10.4% compared to 2024 [4] Group 2: Market Trends - Lithium stocks saw renewed activity, with Tianqi Lithium (09696) up 4.26% and Ganfeng Lithium (01772) up 1.61%, influenced by a rise in lithium carbonate prices [2] - The storage sector stocks showed gains, with companies like Lanke Technology (06809) and Zhaoyi Innovation (03986) experiencing increases [5] - The drone sector saw significant gains, with Swarmer (SWMR.US) up 34.22% following its IPO, highlighting the growing interest in drone technology [6] - Oil and gas stocks collectively rose, driven by a rebound in international crude oil prices, with Brent crude up over 3% [7] - The AI infrastructure expansion faces potential bottlenecks due to storage chip shortages and energy supply constraints [5]

Market Overview - The Hong Kong stock market indices collectively declined, with the Hang Seng Index falling by 0.17% to 25,824.70 points, the Hang Seng Tech Index down by 0.81%, and the National Enterprises Index decreasing by 0.61% [1][9]. Sector Performance - The technology sector saw mixed results, with Bilibili rising by 4% while Kuaishou and Xiaomi both dropped over 1% [1][9]. - The semiconductor sector performed well, highlighted by a more than 10% increase in Zhaoyi Innovation [1][9]. - The automotive sector experienced a pullback, with Li Auto declining over 6% [1][5][12]. - Oil stocks fell, with CNOOC down more than 3% [1][8][12]. Semiconductor Insights - UBS noted that the current storage cycle is influenced by HBM taking up DRAM capacity and AI driving up storage value weight. Traditional price acceleration methods for predicting market peaks have low accuracy, with operating profit being a more effective leading indicator. Historically, stock prices peak in 90% of cases in sync with or ahead of profit peaks. UBS expects the current profit peak to occur in Q3 2027, suggesting a potential continuation of the semiconductor stock rally until Q2 2027 [2][10]. Automotive Sector Challenges - Automotive companies, including NIO, Li Auto, and Xiaomi, have warned about cost challenges due to rising chip prices. Chery's high-end brand announced a price increase for its ET5 model by 5,000 yuan, and there are reports of upcoming price adjustments for the Zeekr 007GT model, with increases expected between 5,000 to 8,000 yuan [5][11]. Oil Market Dynamics - Morgan Stanley warned that the current $55 price differential is due to regional inventory surplus and policy interventions, which do not reflect the true global supply tightness. If the Strait of Hormuz remains blocked, Brent and WTI prices are expected to realign upwards towards Middle Eastern spot prices [8][12].

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的內容概不 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 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 GigaDevice Semiconductor Inc. 兆易創新科技集團股份有限公司 承董事會命 兆易創新科技集團股份有限公司 董事長兼執行董事 朱一明先生 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：3986） 董事會會議召開日期 中 國，北 京，2026年3月16日 兆易創新科技集團股份有限公司（「本公司」）之董事會（「董事會」）謹 此 宣 佈，董 事會會議將於二零二六年三月三十日（星 期 一）舉 行，藉 以（其 中 包 括）考慮及批 准本公司及其附屬公司截至二零二五年十二月三十一日止年度之全年業績及 其 刊 發，以 及 考 慮 派 發 末 期 股 息 的 建 議（如 有）。 於 本 公 告 日 期，董 事 會 包 括：(i)執 行 董 事 朱 一 明 先 生、何 衛 先 生 及 胡 洪 ...

Core Viewpoint - The article discusses the recent economic data and market performance in China, highlighting a rebound in fixed asset investment and consumer spending, while also noting the mixed performance in various sectors and the impact of geopolitical tensions on the market. Economic Data Summary - Fixed asset investment in January-February showed a significant rebound, with a year-on-year growth rate of +1.8%, up from -13.0% in December [5] - Consumer retail sales also improved, with a year-on-year growth rate of 2.8% in January-February, compared to 0.9% in December [6] - The service sector production index increased slightly to 5.2% year-on-year in January-February, indicating stronger growth in service consumption compared to goods consumption [7] Sector Performance Summary - The food and beverage sector showed varied performance, with snack foods like konjac snacks growing over 20%, while other categories like dairy and frozen foods faced declines [9][10][12] - The semiconductor sector experienced a surge, particularly after reports of advancements in chip manufacturing by Huahong Group [16] - The storage chip sector saw significant gains, with stocks like Baiwei Storage and Huahong Company rising over 10% [27] Market Dynamics Summary - The A-share market showed mixed performance, with the Shanghai Composite Index down 0.26% and the ChiNext Index up 1.41% on March 16 [27] - Northbound capital saw a total transaction volume of 302.8 billion yuan, with notable inflows into electronic and food and beverage sectors [42][39] - The geopolitical situation in the Middle East is affecting commodity prices, particularly in oil and fertilizers, which could have downstream impacts on various industries [19][31] Investment Opportunities Summary - Companies with strong adaptability and innovation, such as Three Squirrels and Nongfu Spring, are gaining market share in the food and beverage sector [15] - The semiconductor and storage sectors are highlighted as areas of potential growth due to technological advancements and increased demand [16][28] - The ongoing geopolitical tensions may create volatility but also present opportunities in sectors like energy and commodities [19][31]

Group 1 - Zhaoyi Innovation (03986) saw an intraday increase of 1.72% amid rising shipping risks in the Hormuz Strait affecting the supply chain of key raw materials like helium [1] - Rongchang Bio (09995) rose over 3.6% after its RC288 injection application was accepted by NMPA, showing excellent anti-tumor activity and safety in preclinical studies [1] - Swire Properties (01972) increased by over 2.2% following the release of its 2025 full-year results, reporting revenue of HKD 16.041 billion, a year-on-year increase of 11%, and a basic earnings per share of HKD 1.49 [1] Group 2 - Health 160 (02656) surged over 10%, reaching a new high of HKD 140.5, with a nearly doubled stock price since March 9, despite a previous drop of about 30% on February 11 [2] - Gaming stocks collectively rose, with notable increases in companies like Boyaa Interactive (00434) up 4.44% and Tencent (00700) up 1.1%, following Apple's announcement of a commission rate adjustment for the App Store in mainland China [2] - Qidian Guofeng (01280) experienced a significant rise of over 26% after announcing a sales contract for AI servers with an independent third party [2] Group 3 - Hong Kong bank stocks fell again, with Standard Chartered (02888) down 4.67% and HSBC Holdings (00005) down 3.8%, amid ongoing tensions in the Middle East affecting transactions involving Asian balance sheets [3] - Cement stocks saw a general increase, with China National Building Material (03323) up 2.62%, as construction activity picked up post-Lantern Festival, leading to a steady recovery in cement market demand [3] - Domestic property stocks rebounded, with CIFI Holdings (00884) up 2.9% and Sunac China (01918) up 5.45%, as recent data indicated a 3.3% year-on-year decline in second-hand housing listings in Shenzhen [4] Group 4 - Yao Cai Securities (01428) saw a significant rise of over 39% after extending the acquisition offer deadline with Ant Group to March 25, 2026 [4] - PayPay (PAYP.US), a digital wallet operator backed by SoftBank, debuted on the US stock market with a 13.5% increase, achieving a market cap of nearly USD 12 billion [5] - Chinese electric vehicle companies NIO (NIO.US) and Xpeng Motors (XPEV.US) saw stock increases of 1.46% and 3.58%, respectively, amid discussions of potential collaborations with European automotive giant Stellantis [5] Group 5 - Storage stocks collectively declined, with SanDisk (SNDK.US) down 5.59% and Micron Technology (MU.US) down 3.19%, following negative sentiment from short-seller Citron Capital [6] - Optical communication stocks fell, with Applied Optoelectronics (AAOI.US) down 16.39%, despite securing a bulk order for a new data center transceiver [6] - Agricultural input stocks continued to rise, with CF Industries Holdings (CF.US) up 13.21%, driven by supply chain disruptions in the Middle East affecting fertilizer transportation [7] Group 6 - Oil stocks rose sharply, with Battalion Oil (BATL.US) up 15.48% as international oil prices surged, with WTI crude rising over 8% to USD 94.66 [8] - EHang Intelligent (EH.US) reported total revenue of RMB 509.5 million (approximately USD 72.9 million) for the fiscal year 2025, marking an 11.7% year-on-year increase, despite a net loss of RMB 231 million [8]