豪威集团公告，公司预计2025年1月1日至6月30日实现归属于母公司所有者的净利润19.06亿元到20.46亿 元，同比增加39.43%到49.67%；扣除非经常性损益的净利润18.78亿元到20.18亿元，同比增加36.89%到 47.09%；营业收入137.22亿元到140.22亿元，同比增加13.49%到15.97%。本次业绩预告未经会计师事务 所审计。 ...

Core Viewpoint - The company,豪威集团, expects a significant increase in net profit for the first half of 2025, driven by growth in its image sensor products across various applications [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 1.906 billion to 2.046 billion yuan, representing a year-on-year increase of 39.43% to 49.67% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 1.878 billion to 2.018 billion yuan, reflecting a year-on-year growth of 36.89% to 47.09% [1] Market Growth - The growth in revenue is attributed to the continued penetration of the company's image sensor products in the automotive intelligent driving, panoramic, and sports camera markets, leading to a steady increase in market share [1] - The company achieved a historical high in revenue for the second quarter, indicating strong operational performance [1] Operational Efficiency - The increase in revenue is also supported by improved management efficiency, which has effectively promoted net profit growth and the release of profitability [1]

Group 1: Liquidity and Scale of AI ETF - The AI ETF has a turnover rate of 2.52% with a half-day trading volume of 81.81 million yuan, and an average daily trading volume of 269 million yuan over the past week as of August 1 [2] - The latest scale of the AI ETF reached 3.261 billion yuan, with leveraged funds continuing to invest, showing a financing buy-in amount of 19.96 million yuan and a financing balance of 88.20 million yuan [2] - The AI ETF has seen a net value increase of 53.17% over the past year, ranking 260 out of 2944 index equity funds, placing it in the top 8.83% [2] Group 2: Performance Metrics - Since its inception, the AI ETF has recorded a highest monthly return of 30.38%, with the longest consecutive monthly gains being 3 months and the longest cumulative gain reaching 43.97%, averaging a monthly return of 6.94% during rising months [2] - The AI ETF closely tracks the CSI Artificial Intelligence Industry Index, which selects 50 representative listed companies based on their AI business proportion, growth level, and market capitalization [2] Group 3: Key Holdings and Market Trends - As of July 31, 2025, the top ten weighted stocks in the CSI Artificial Intelligence Industry Index account for 61.26% of the index, with notable companies including Xinyi Sheng, Cambricon, and iFlytek [3] - The anticipated release of GPT-5 by OpenAI, expected in early August, will include three versions, enhancing capabilities in understanding and processing complex information [3] - The ongoing performance growth of AI-driven overseas tech companies and the acceleration of AI application monetization in China highlight the investment value in the domestic AI chain [3] Group 4: Investment Strategy and Focus Areas - The Huafu AI ETF (515980) is unique in its quarterly rebalancing and exclusive tracking of the AI industry index, balancing computing power and applications at 50% each [5] - The index includes sectors with strong commercialization potential in AI applications such as autonomous driving, robotics, and smart wearables, each holding a 5% weight [6] - Investors can also consider the Huafu AI ETF linked funds (Class A 008020, Class C 008021) to gain exposure to high-purity AI business stocks while avoiding speculative trading [7]

Overview - The report highlights the synergy between the "anti-involution" policy and domestic demand policies, which is expected to drive the Hong Kong stock market to new highs in 2025 [2][5] - The "anti-involution" policy is being implemented across multiple industries, likely curbing price wars and boosting corporate profit expectations [2][5] - Demand-side policies, such as infrastructure projects and childcare subsidies, are providing positive support for market sentiment [2][5] Macro Strategy - The liquidity environment remains loose, but there are warnings about the potential for a temporary strengthening of the US dollar [2][3] - The Federal Reserve's interest rate cuts may be delayed until the fourth quarter of 2025 due to resilient economic indicators in the US [2][3] - Despite the crowded short positions on the dollar, the current liquidity in the Hong Kong market is ample, with reasonable valuation levels providing an ideal allocation window for investors [2][3] Industry Allocation Strategy - The report maintains a "high elasticity" and "high dividend" barbell strategy for industry allocation [4][6] - The internet and AI hard technology sectors are expected to benefit from a slowdown in subsidy wars, with corporate profits likely to be revised upwards [6] - The biopharmaceutical sector is supported by ample funding from overseas pharmaceutical giants and a rich pipeline of innovative drugs in mainland China [6] - Traditional industries and emerging sectors like photovoltaics and lithium batteries are expected to benefit from improved industry competition dynamics due to the "anti-involution" policy [6] - High-dividend sectors such as banking and insurance are recommended as stable income sources during market volatility [6] Company Highlights - **China Ping An (2318HK)**: Expected to benefit from a favorable stock market environment, with an attractive valuation and a target price of HKD 73.00, representing a potential upside of 35.3% [7][9] - **Link REIT (823HK)**: Anticipated to maintain stable dividends with a target price of HKD 47.70, reflecting an 8.7% potential upside, supported by a favorable consumption environment [15][17] - **OmniVision Technologies (603501CH)**: Positioned to benefit from domestic semiconductor supply chain localization and rising automotive demand, with a target price of RMB 180.00, indicating a potential upside of 48.4% [20][22] - **Alibaba (BABAUS/9988HK)**: Expected to see valuation adjustments driven by AI and cloud business leadership, with a target price of USD 165, representing a potential upside of 40.6% [28][30] - **Xpeng Motors (9868HK)**: Projected to achieve breakeven due to strong new car cycles, with a target price of HKD 134.69, indicating an 88.1% potential upside [34][36] - **Zymeworks (6996HK)**: Highlighted for its promising drug pipeline and potential for significant revenue growth, with a target price of HKD 6.60, representing a 14.2% upside [41][43] - **Anta Sports (2020HK)**: Expected to drive high-quality growth through a multi-brand strategy, with a target price of HKD 110.20, indicating a potential upside of 22.4% [45][47]

Core Viewpoint - The company,豪威集团, reported a slight decline in stock price and announced significant financial figures for Q1 2025, alongside a share pledge update from its controlling shareholder [1] Group 1: Stock Performance - On July 29, the stock price of 豪威集团 closed at 125.09 yuan, down by 0.12 yuan, representing a decrease of 0.10% [1] - The trading volume for the day was 141,788 hands, with a total transaction amount of 1.765 billion yuan [1] Group 2: Business Overview - 豪威集团 specializes in the research, production, and sales of semiconductor products [1] - The company's products are widely used in consumer electronics, industrial control, and automotive electronics sectors [1] Group 3: Financial Performance - In Q1 2025, the company achieved an operating revenue of 6.472 billion yuan and a net profit of 866 million yuan [1] Group 4: Shareholder Information - On July 29, the controlling shareholder, 虞仁荣, released a pledge of 42.2 million shares, which accounts for 12.65% of his total holdings [1] - As of the announcement date, 虞仁荣 had a total of 162 million pledged shares, representing 48.70% of his total shareholding [1]

（编辑 楚丽君） 证券日报网讯 7月29日晚间，豪威集团发布公告称，公司控股股东虞仁荣先生在西藏信托有限公司、云 南国际信托有限公司办理了股票解除质押业务，本次解除质押股份数量为42，200，000股，占其所持股 份比例12.65%，占公司总股本比例3.47%。 ...

| 证券代码：603501 | 证券简称：豪威集团 公告编号：2025-080 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 股东名称 | 虞仁荣 | | --- | --- | | 本次解质股份（股） | 42,200,000 | | 占其所持股份比例 | 12.65% | | 占公司总股本比例 | 3.47% | | 解质时间 | 2025 年 7 月 25 日、2025 年 7 月 28 日 | | 持股数量（股） | 333,472,250 | | 持股比例 | 27.40% | | --- | --- | | 剩余被质押股份数量（股） | 162,400,000 | | 剩余被质押股份数量占其所持股份比例 | 48.70% | | 剩余被质押股份数量占公司总股本比例 | 13.34% | 虞仁荣先生本次解除质押的股份预计后续将部分用于置换前期质押融资。虞 仁荣先生将根据后续质押情况及时履行告知义务，公司将根据后续质押情况和相 关法律法规要求及时履行信息披露义务。 豪威集成电路（集团）股份有限公司 关于控股股东部分股权解除质押的公告 本公司董事会及全体董事 ...

Group 1: Liquidity and Scale of AI ETF - The AI ETF has a turnover rate of 4.87% with a half-day trading volume of 173 million yuan, and an average daily trading volume of 204 million yuan over the past week [3] - The latest scale of the AI ETF reached 3.515 billion yuan, with continuous net inflows over the past six days, peaking at 167 million yuan in a single day, totaling 271 million yuan [3] - Leveraged funds are actively participating, with the latest margin buying amounting to 15.1914 million yuan and a margin balance of 106 million yuan [3] Group 2: Performance Metrics of AI ETF - As of July 28, the AI ETF's net value has increased by 55.46% over the past year, ranking 336 out of 2938 index equity funds, placing it in the top 11.44% [3] - The highest monthly return since inception was 30.38%, with the longest consecutive monthly gains being three months and the longest cumulative gain being 43.97%, averaging a monthly return of 6.80% [3] Group 3: Index Composition and Major Stocks - The CSI Artificial Intelligence Industry Index includes 50 representative listed companies, selected based on their AI business proportion, growth level, and market capitalization [3] - As of June 30, 2025, the top ten weighted stocks in the index account for 52.07% of the total weight, with notable companies including Zhongji Xuchuang, Xinyi Sheng, and Keda Xunfei [4][6] Group 4: Government Initiatives and Market Outlook - The Shanghai Municipal Economic and Information Commission has issued measures to expand AI applications, including a 600 million yuan subsidy for computing power and support for enterprise R&D in large models [7] - The current AI wave is driven by technological innovations from companies like DeepSeek, showcasing China's competitive strength in the global AI sector, which may lead to a reevaluation of the value of Chinese tech assets by global investors [7]

Key Points - The core viewpoint of the announcement is the adjustment of the conversion price for the "Weir Convertible Bonds" issued by Haowei Integrated Circuit (Group) Co., Ltd, effective from August 1, 2025, due to the company's annual profit distribution plan [1] Group 1: Conversion Price Adjustment - The conversion price before adjustment is 162.46 CNY per share, and the adjusted conversion price is 162.24 CNY per share [1] - The adjustment is based on the company's annual profit distribution plan, which includes a cash dividend of 2.20 CNY per 10 shares (before tax) [1] - The conversion price adjustment will take effect on August 1, 2025, after the rights issue and dividend distribution [1] Group 2: Securities Trading Suspension - The "Weir Convertible Bonds" will be suspended from conversion from July 25, 2025, to July 31, 2025, during the rights issue registration period [1] - Trading of the securities will resume on August 1, 2025, after the completion of the rights issue [1] Group 3: Issuance Details - The company issued 24.40 billion CNY worth of convertible bonds on December 28, 2020, with a total of 24.40 million bonds [1] - The bonds have a maturity period from December 28, 2020, to December 27, 2026, with a conversion period from July 5, 2021, to December 27, 2026 [1]

Core Viewpoint - The article discusses the special verification opinion regarding the differentiated dividend distribution of Haowei Integrated Circuit (Group) Co., Ltd., confirming that the distribution complies with relevant laws and regulations [1][5]. Group 1: Reasons for Differentiated Dividend - The company has conducted multiple share repurchase plans, with total repurchase amounts ranging from RMB 3 billion to RMB 12 billion, and share prices capped between RMB 85 and RMB 100 per share [1]. - As of the latest report, the company has repurchased a total of 15,134,363 shares, which are held in a dedicated repurchase account and do not participate in the dividend distribution [3][4]. Group 2: Dividend Distribution Details - The proposed dividend distribution is set at RMB 2.20 per 10 shares (including tax), based on a total share capital of 1,217,223,785 shares, excluding the repurchased shares [4]. - The actual number of shares participating in the distribution is 1,202,089,422 shares, leading to a calculated ex-dividend reference price of RMB 125.57 per share [4]. Group 3: Conclusion - The special verification opinion concludes that the differentiated dividend distribution aligns with the Company Law, Securities Law, and self-regulatory guidelines, ensuring no harm to the interests of the company and its shareholders [5].