格隆汇2月13日｜瑞芯微公告称，2026年2月13日公司召开第四届董事会第十次会议，审议通过调整股票 期权行权价格、限制性股票回购价格议案。2026年2月10日，公司完成每10股派发现金红利3元（含税） 的利润分配。据此，2022年第二期首次、预留授予股票期权行权价由70.40元/份调为70.10元/份，限制 性股票回购价由38.51元/股调为38.21元/股；2024年首次授予股票期权行权价由43.72元/份调为43.42元/ 份，限制性股票回购价由33.17元/股调为32.87元/股；2025年股票期权行权价由137.02元/份调为136.72 元/份。调整对公司业绩无实质影响。 ...

Group 1: Overall Market Performance - Over 270 companies on the Shanghai Stock Exchange have issued positive performance forecasts for 2025, indicating a robust outlook for the market [1] - Nearly 60% of companies on the Sci-Tech Innovation Board have reported year-on-year profit growth, showcasing the dual dimensions of quality and quantity in the economic trajectory of China [1] Group 2: Nonferrous Metals Industry - The nonferrous metals industry is experiencing a boom driven by resource prices and industrial upgrades, with industrial added value growth of 6.9%, surpassing the national average [2] - The total profit for ten major nonferrous metals reached 528.45 billion yuan, a year-on-year increase of 25.6%, marking a historical peak [2] - Leading companies like Zijin Mining are expected to see significant profit increases, with projected net profits of 51 to 52 billion yuan, reflecting a growth of 59% to 62% [2] Group 3: Electronic Industry - The electronic industry is witnessing growth driven by AI demand, with companies like Huaqin Technology expected to achieve revenues of 170 to 171.5 billion yuan, a year-on-year increase of 54.7% to 56.1% [4] - Shengyi Technology anticipates a net profit increase of 87% to 98%, benefiting from rising sales and improved product structure in the copper-clad laminate sector [4] - Companies are leveraging AI advancements to enhance their product offerings, with firms like Rockchip expected to see revenue growth of 71.97% to 85.42% [5] Group 4: Sci-Tech Innovation Board - The Sci-Tech Innovation Board is showing strong innovation momentum, particularly in the integrated circuit and biopharmaceutical sectors, with a projected net profit increase of approximately 99.49 billion yuan across 87 companies [6] - Companies in the AI chip sector are expected to see revenue growth exceeding 100%, with significant improvements in profitability [6] - The biopharmaceutical industry is transitioning towards commercialization, with notable collaborations and product approvals driving growth [6]

Core Viewpoint - The company, 瑞芯微, announced a cash dividend plan of 3.00 yuan per 10 shares, totaling approximately 126 million yuan, reflecting a 16.20% payout ratio of the net profit attributable to shareholders for the first three quarters of 2025, which is lower than the 2024 dividend rate due to the need to retain funds for R&D and business expansion [1] Stock Performance - After the ex-dividend date, the latest stock price was 185.25 yuan, showing stable fluctuations and a neutral market reaction to the dividend plan. Short-term, the dividend may slightly boost investor confidence, but long-term valuation will depend on the growth of the AIoT chip business. The current TTM price-to-earnings ratio is 76.25, higher than the semiconductor industry average, indicating market premium expectations for 瑞芯微 in edge AI computing [2] Future Development - The dividend reflects 瑞芯微's willingness to return value to shareholders amid high performance growth, but the company's focus remains on the R&D and implementation of chips like RK3588 and RK182X. Investors should pay attention to the mass production progress of co-processors in 2026 and the increase in automotive electronics orders [3]

Group 1: Overall Market Performance - As of February 9, 2026, 271 companies on the Shanghai Stock Exchange have issued positive performance forecasts for 2025, with 168 expecting profit increases and 85 companies turning losses into profits [1] - In the Sci-Tech Innovation Board, 391 companies have disclosed their expected performance for 2025, with nearly 60% of these companies anticipating year-on-year net profit growth, including 39 companies expecting over 100% profit growth [1] - The year 2025 is seen as a pivotal year for the "14th Five-Year Plan," showcasing resilience and structural highlights in the operations of companies listed on the Shanghai Stock Exchange [1] Group 2: Nonferrous Metals Industry - The nonferrous metals industry is projected to see an industrial added value growth of 6.9% in 2025, surpassing the national average by 1.0 percentage points, with production of ten major nonferrous metals exceeding 80 million tons for the first time [2] - The total profit of large-scale enterprises in the nonferrous metals sector is expected to reach 528.45 billion yuan, a year-on-year increase of 25.6%, marking a historical high [2] - Leading companies in the nonferrous metals sector are exhibiting a "volume-price resonance" characteristic, with significant increases in production and prices of key minerals like gold, copper, cobalt, and lithium contributing to profit growth [2] Group 3: Key Companies in Nonferrous Metals - Zijin Mining is expected to achieve a net profit of 51 to 52 billion yuan in 2025, representing a year-on-year increase of 59% to 62%, driven by rising prices of gold, silver, and copper [2] - Luoyang Molybdenum, the largest cobalt producer globally, anticipates a net profit of 20 to 20.8 billion yuan for 2025, reflecting a year-on-year increase of 47.80% to 53.71% [3] - Huayou Cobalt expects a net profit of 5.85 to 6.45 billion yuan in 2025, with a year-on-year growth of 40.80% to 55.24%, benefiting from upstream resource production and recovering downstream material business [3] Group 4: Electronics Industry - The electronics industry is experiencing significant growth driven by AI, with smart hardware becoming a primary growth engine [4] - Huaqin Technology forecasts a revenue of 170 to 171.5 billion yuan in 2025, a year-on-year increase of 54.7% to 56.1%, and a net profit of 4 to 4.05 billion yuan, reflecting a growth of 36.7% to 38.4% [4] - Shengyi Technology anticipates a net profit of 3.25 to 3.45 billion yuan, representing a year-on-year increase of 87% to 98%, driven by strong demand in automotive electronics and AI servers [4] - Rockchip is expected to achieve a revenue of 4.387 to 4.427 billion yuan in 2025, with a net profit of 1.023 to 1.103 billion yuan, reflecting a year-on-year growth of 71.97% to 85.42% [4]

Core Viewpoint - A batch of A-share companies is distributing dividends before the Spring Festival, indicating a shift from financing to shareholder returns, responding positively to new policies [4][12] Summary by Sections Dividend Distribution - On February 10, 2026, eight A-share companies, including Jinhuijiu and Ruixinwei, announced dividend distributions, with Gujinggongjiu leading at over 500 million yuan [3][6] - A total of 35 companies are expected to distribute dividends during the last trading week before the Spring Festival, with a total payout exceeding 19 billion yuan [3][6] - The main sectors involved in this dividend distribution are electric power, food and beverage, and non-bank financial industries [3][6] Company Performance - Companies distributing dividends generally reported positive earnings, with significant revenue and profit growth. For instance, Citic Securities reported a revenue of 74.83 billion yuan and a net profit of 30.05 billion yuan, both showing over 20% growth [12] - Longjiang Electric also reported a revenue of 85.88 billion yuan and a net profit of 34.17 billion yuan, indicating slight growth [12] - Lixun Precision is expected to report a net profit of 16.52 billion to 17.19 billion yuan, reflecting a year-on-year growth of 23.59% to 28.59% [12] Dividend Sustainability - The trend of companies distributing dividends has become more frequent and substantial since the implementation of the new "National Nine Articles" policy, with a shift towards a more sustainable dividend culture [16][18] - Companies are encouraged to ensure that their cash flow and profitability can support dividend payments, avoiding excessive distributions that could hinder future growth [4][18] - The regulatory environment has improved transparency and stability among A-share companies, promoting a rational dividend culture aligned with corporate life cycles [16][17]

Investment Rating - The report maintains a positive outlook on the electronic industry, indicating an "Overweight" rating for the sector, driven by AI computing and semiconductor localization trends [3][4]. Core Insights - The electronic industry is expected to leverage AI computing as a growth engine, with strong performance anticipated in PCB, storage, AI/GPU chips, and semiconductor equipment sectors [3][4]. - The semiconductor equipment and parts sector is experiencing a recovery in demand, particularly benefiting from domestic production [3][4]. - The storage sector is witnessing a significant increase in profitability due to the AI industry trend, with a notable rise in demand and prices for storage products [3][6]. - The AI server and chip sectors are seeing a surge in demand both domestically and internationally, particularly for cloud servers and high-speed switches [3][6]. - The PCB sector is expected to benefit from high-end AI PCB product demand, with companies like Shenghong Technology and Shenyin Electronics leading in performance [3][8]. Summary by Sections 2025 Industry Outlook - The electronic industry is projected to thrive with AI as the main driver and semiconductor localization as a catalyst, with strong performances expected across various sub-sectors [4][5]. - Specific forecasts for companies include: - Jiangfeng Electronics: Revenue of approximately 4.6 billion, net profit growth of 7.5% to 27.5% [5]. - ShenGong Co.: Revenue growth of 42.04% to 48.65%, net profit growth of 118.71% to 167.31% [5]. - Zhongwei Company: Revenue of 12.385 billion, net profit growth of 28.74% to 34.93% [5]. Semiconductor Storage Sector - The storage sector is benefiting from increased demand driven by AI, with prices stabilizing and then rising due to supply-demand imbalances [6][7]. - Key company forecasts include: - Jiangbolong: Expected net profit growth of 150.66% to 210.82% [7]. - Aibin Storage: Revenue growth of 49.36% to 79.23%, with net profit growth of 427.19% to 520.22% [7]. PCB Sector - The PCB sector is expected to continue benefiting from high-end AI product demand, with companies like Shenghong Technology and Shenyin Electronics showing strong performance [8][9]. - Forecasts for Shenghong Technology indicate a net profit increase of 260% to 295% [8].

Investment Rating - The report maintains an investment rating of "Leading the Market-A" for the communication industry, indicating an expected outperformance of over 10% compared to the benchmark index [1][36]. Core Insights - The emergence of Moltbot as a significant application in Silicon Valley represents a major leap in AI capabilities, enabling seamless workflow automation from thought to execution. This application has rapidly gained popularity, surpassing 100,000 stars on GitHub, making it one of the fastest-growing open-source projects globally [4][12]. - The report highlights the potential for unlimited cloud computing power driven by applications like Moltbot, which could lead to increased capital expenditures in cloud service providers (CSPs) due to rising demand for computational resources [4][12]. - The demand for cloud hosts and various types of home servers is expected to grow rapidly, benefiting public cloud vendors as they offer more secure and stable solutions compared to local PCs [5][13]. - AIOT (Artificial Intelligence of Things) applications on the edge are anticipated to have significant potential, as Moltbot combines cloud capabilities with local execution, creating a closed-loop system for industrial intelligence [5][13]. - SpaceX's plan to establish a satellite computing cluster consisting of up to 1 million satellites represents a substantial development in space computing capabilities, which could integrate with existing satellite networks and enhance data processing capabilities [6][14]. Summary by Sections Industry Trends - Moltbot's capabilities include automating tasks such as email management, scheduling, and even automated trading, showcasing its versatility and potential for widespread adoption [4][12]. - The report suggests that the rapid spread of Moltbot and similar applications will lead to increased demand for cloud computing resources, potentially causing a "computing power crunch" [4][12]. Market Overview - The communication index rose by 5.83% during the week of January 26 to January 30, 2026, while the broader market indices showed mixed results, with the Shanghai Composite Index declining by 0.44% [7][15]. - The top-performing sectors included optical cables and marine cables, with significant weekly gains [7][15]. Recommended Companies - The report recommends focusing on companies in various segments, including: - Cloud Computing: Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, Industrial Fulian, Woer, Zhishang Technology, Guangku Technology [6][15]. - CPU/CXL: Haiguang Information, Lanke Technology, ZTE, Wantong Development [6][15]. - Edge Computing: Ruixin Micro, Zhaoyi Innovation, Yinghantong, Guanghetong, Yiyuan Communication, Meige Intelligent [6][15]. - Inter-satellite Laser Communication: Fenghuo Communication, Guangxun Technology, Guangku Technology, Aerospace Electronics, Zhongrun Optics, Tengjing Technology [6][15].

Group 1: Dividend Indices - The Low Volatility Dividend Index (H30269.CSI) includes 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility, with a dividend yield of 4.62% as of February 2 [1] - The Quality Dividend Index (931468.CSI) consists of 50 securities that provide continuous cash dividends, have high payout ratios, and exhibit high profitability, with a dividend yield of 2.93% as of February 3 [1] Group 2: Company Dividend Announcements - RichChip Microelectronics announced a cash dividend of 0.30 CNY per share (tax included), with the record date on February 9, 2026, and the ex-dividend date on February 10, 2026 [1] - Jinhui Wine declared a cash dividend of 0.20 CNY per share (tax included), with the record date on February 9, 2026, and the ex-dividend date on February 10, 2026 [2] - Lifespring Pharmaceutical will distribute a cash dividend of 3.00 CNY for every 10 shares (tax included), with the record date on February 10, 2026, and the ex-dividend date on February 11, 2026 [2] - Guosen Securities announced a cash dividend of 1.00 CNY for every 10 shares (tax included), with the record date on February 10, 2026, and the ex-dividend date on February 11, 2026 [2] - Sentai Co., Ltd. will distribute a cash dividend of 1.30 CNY for every 10 shares (tax included), with the record date on February 10, 2026, and the ex-dividend date on February 11, 2026 [3] - Canqin Technology announced a cash dividend of 0.0375 CNY per share (tax included), with the record date on February 11, 2026, and the ex-dividend date on February 12, 2026 [3]

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。 一、利润分配预案概述 瑞芯微电子股份有限公司（以下简称"公司"）分别于 2025 年 12 月 8 日、 2025年12月24日召开第四届董事会第八次会议及2025年第二次临时股东大会， 审议通过《关于<利润分配预案>的议案》。 为积极落实《国务院关于加强监管防范风险推动资本市场高质量发展的若干 意见》（国发〔2024〕10 号）及中国证监会《上市公司监管指引第 10 号——市 值管理》的相关精神和要求，增强投资者获得感，在综合考虑公司 2025 年前三 季度实际经营情况、资金需求以及未来发展等因素的前提下，公司拟实施利润分 配。具体情况如下： 公司 2025 年前三季度实现归属于上市公司股东的净利润为 779,576,888.33 元。截至 2025 年 9 月 30 日，母公司可供股东分配利润为 1,798,001,430.26 元， 资本公积 1,730,290,339.04 元，上述数据未经审计。 证券代码：603893 证券简称：瑞芯微 公告编号：2026-003 瑞芯 ...

证券代码：603893 证券简称：瑞芯微 公告编号：2026-004 瑞芯微电子股份有限公司 2025年前三季度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.30元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/2/9 | － | 2026/2/10 | 2026/2/10 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 12 月 24 日的2025年第二次临时股东大会审 议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本420,958,500股为基数，每股派发现 金红利0.30元（含税） ...