Core Viewpoint - Jianghua Microelectronics (江化微) plans to raise up to 300 million RMB through a simplified procedure for a specific audience to fund a project for producing 37,000 tons of ultra-pure wet electronic chemicals and to supplement working capital [1][4]. Group 1: Fundraising Details - The total investment for the ultra-pure wet electronic chemicals project is approximately 28.88 billion RMB, with the entire amount of raised funds allocated to this project [3]. - The company will also use 1.12 billion RMB to supplement its working capital, bringing the total fundraising target to 30 billion RMB [3]. - The issuance will be directed towards specific institutional investors, not exceeding 35 participants, including securities investment fund management companies, securities firms, trust companies, financial companies, insurance institutions, and qualified foreign institutional investors [3][4]. Group 2: Issuance Process - The issuance will adopt a pricing inquiry method, with the issue price set at no less than 80% of the average trading price of the company's stock over the 20 trading days prior to the pricing date [3]. - The number of shares issued will be determined by dividing the total amount raised by the issue price, with a cap of 30% of the company's total share capital prior to the issuance [3][4]. - The issuance has been authorized by the company's 2024 annual general meeting and approved by the relevant state-owned asset supervision authority, pending approval from the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission [4]. Group 3: Previous Fundraising Activities - Over the past five years, Jianghua Microelectronics has raised funds twice through private placements [5][6]. - In 2020, the company raised approximately 280 million RMB by issuing 8,787,878 shares at a price of 33.00 RMB per share, with a net amount of about 279 million RMB after deducting issuance costs [5]. - In 2022, the company raised around 646 million RMB by issuing 41,880,124 shares at a price of 15.43 RMB per share, with a net amount of approximately 639 million RMB after costs [6][7].

Core Viewpoint - Jianghuai Microelectronics (江化微) reported mixed financial results for the first half of 2025, with revenue growth but a decline in net profit, indicating potential challenges in profitability despite increased sales [1] Financial Performance - Total revenue for the first half of 2025 reached 580 million yuan, an increase of 11.3% year-on-year [1] - Net profit attributable to shareholders was 48.07 million yuan, a decrease of 15.51% compared to the previous year [1] - In Q2 2025, total revenue was 305 million yuan, up 9.87% year-on-year, while net profit fell by 32.53% to 21.25 million yuan [1] - Gross margin decreased to 25.53%, down 2.45% year-on-year, and net margin fell to 8.28%, down 8.81% year-on-year [1] - The company's accounts receivable accounted for 410.26% of the latest annual net profit, indicating a significant amount of outstanding payments [10] Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 65.98 million yuan, representing 11.37% of revenue, an increase of 5.98% year-on-year [1] - Sales expenses rose by 15.43% due to increased market development costs and employee salaries [9] - Financial expenses surged by 143.83% due to increased interest expenses from long-term borrowings [9] Cash Flow and Asset Management - Operating cash flow per share increased significantly by 185.38% to 0.23 yuan, attributed to increased bill payments and the recovery of deposits [1][9] - Cash and cash equivalents decreased by 51.97% to 387 million yuan, indicating potential liquidity concerns [1] Investment and Capital Expenditure - The company’s return on invested capital (ROIC) was 3.12%, indicating weak capital returns, with a historical median ROIC of 4.98% since its listing [9][10] - The company relies heavily on capital expenditure for performance, necessitating careful evaluation of capital projects [10] Fund Holdings - The largest fund holding Jianghuai Microelectronics is the Guoshou Anbao Target Strategy Mixed Fund, which holds 285,800 shares, unchanged from previous reports [10]

Group 1 - Jianghuai Microelectronics held its 18th meeting of the 5th Board of Directors on August 22, 2025, where multiple proposals were approved [1] - The company disclosed that there have been no administrative penalties from securities regulatory authorities or exchanges in the last five years, although it received a verbal warning from the Shanghai Stock Exchange in April 2024 [1] - The former Vice President and Board Secretary Wang Yang left the company on October 28, 2022, and subsequently took a position at Jiangsu Chengxing Phosphate Chemical Co., Ltd. on November 7, 2022, during which related party transactions occurred amounting to 15.9034 million yuan, exceeding 0.6% of the company's audited net assets as of the end of 2022 [1] Group 2 - Jianghuai Microelectronics and related personnel are taking the situation seriously, enhancing information disclosure management, and standardizing institutional execution [2] - The company has no other regulatory measures or penalties from securities regulatory authorities or exchanges in the last five years [3]

按申万行业统计，江化微所属的电子行业共有17家公司公布了2025半年度分配方案，派现金额最多的是 生益科技，派现金额为9.72亿元，其次是生益电子、扬杰科技，派现金额分别为2.47亿元、2.28亿元。 （数据宝） 2025半年度电子行业分红排名 8月22日江化微发布2025半年度分配预案，拟10派0.3元（含税），预计派现金额合计为1156.91万元。派 现额占净利润比例为24.07%，这是公司上市以来，累计第10次派现。 公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2025.06.30 | 10派0.3元（含税） | 0.12 | 0.16 | | 2024.12.31 | 10派0.6元（含税） | 0.23 | 0.39 | | 2024.06.30 | 10派0.3元（含税） | 0.12 | 0.23 | | 2023.12.31 | 10派0.85元（含税） | 0.33 | 0.43 | | 2022.12.31 | 10转增3派0.7元（含税） | 0.21 | 0.27 | | ...

Group 1: Company Announcements - Changjiang Electric Power's controlling shareholder, China Three Gorges Group, plans to increase its stake in the company by 4 billion to 8 billion yuan within the next 12 months through secondary market transactions [1] - Huakin Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and overseas business development [2] - Tailin Microelectronics is planning to acquire all or part of the equity of Shanghai Panqi Microelectronics through a combination of share issuance and cash payment, with trading suspended for up to 10 trading days [3] - Jingwang Electronics intends to invest 5 billion yuan in expanding its Zhuhai Jinwan base to enhance its competitiveness in high-end products related to AI and other technologies [5] - Jiangsu Guotai plans to use up to 12 billion yuan of idle funds for entrusted wealth management in low-risk financial products [6] Group 2: Financial Performance - Ping An Bank reported a 3.9% year-on-year decline in net profit for the first half of 2025, with a proposed cash dividend of 2.36 yuan per 10 shares [1][9] - Several companies reported significant increases in net profit, including Zhezhang Securities with a 46.49% increase and Keg Precision Machinery with a 144% increase [7] - True Love Home reported a net profit of 197 million yuan, a year-on-year increase of 484.48% [8] - Companies like Kunlun Wanwei and Vanke A reported substantial losses, with net losses of 856 million yuan and 11.947 billion yuan respectively [9]

Core Viewpoint - Jianghuai Micro announced a cash dividend distribution plan for the first half of 2025, proposing a cash dividend of 0.3 yuan (including tax) for every 10 shares to all shareholders [1] Summary by Relevant Sections - **Dividend Distribution** - The company plans to distribute a total cash dividend of 11,569,117.44 yuan (including tax) based on a total share capital of 385,637,248 shares as of June 30, 2025 [1] - **Profit Allocation** - The proposed cash dividend represents 24.07% of the net profit attributable to the shareholders of the listed company in the consolidated financial statements [1]

Core Insights - Jianghuai Microelectronics reported a revenue of 580,442,278.56 yuan for the first half of 2025, representing a year-on-year growth of 11.30% [1] - The net profit attributable to shareholders of the listed company was 48,069,562.62 yuan, showing a year-on-year decline of 15.51% [1]

Core Viewpoint - Jianghua Microelectronics (603078.SH) reported a revenue of 580 million yuan for the first half of 2025, reflecting a year-on-year growth of 11.30% [1] Financial Performance - The net profit attributable to shareholders decreased by 15.51% to 48.0696 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 20.94% to 43.7164 million yuan [1] - Basic earnings per share stood at 0.1246 yuan [1] Dividend Distribution - The company plans to distribute a cash dividend of 0.30 yuan (including tax) for every 10 shares to all shareholders [1]

格隆汇8月22日丨江化微(603078.SH)公布2025年度以简易程序向特定对象发行A股股票预案，本次发行 拟募集资金总额不超过人民币三亿元且不超过最近一年末净资产百分之二十，在扣除相关发行费用后的 募集资金净额将全部用于以下项目：年产3.7万吨超高纯湿电子化学品项目及补充流动资金。 ...

江阴江化微电子材料股份有限公司 关于 2025 年半年度利润分配方案的公告 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： ?每 10 股分配比例：派发现金红利 0.30 元（含税）。 证券代码：603078 证券简称：江化微 公告编号：2025-026 ?本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期 将在权益分派实施公告中明确。在实施权益分派的股权登记日前公司总股本发生 变动的，拟维持分配总额不变，相应调整每股分配比例，并将在相关公告中披露。 ?本次不触及《上海证券交易所股票上市规则（2025 年 4 月修订）》第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示的情形。 如在本公告披露之日起至实施权益分派股权登记日期间，因可转债转股/回 购股份/股权激励授予股份回购注销/重大资产重组股份回购注销等致使公司总股 本发生变动的，公司拟维持分配总额不变，相应调整每股分配比例。如后续总股 本发生变化，将另行公告具体调整情况。 公司于 2025 年 4 月 11 日召开 2024 年年度 ...