重要内容提示： ? 本次股票期权可行权数量：12.45 万份 ? 本次股票期权行权价格：70.40 元/份 证券代码：603893 证券简称：瑞芯微 公告编号：2025-066 瑞芯微电子股份有限公司 关于 2022 年第二期股票期权与限制性股票激励计划 预留授予股票期权第二个行权期符合行权条件的公告 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。 ? 本次股票期权实际可行权期：2025 年 8 月 29 日至 2026 年 8 月 20 日 ? 本次行权股票来源：公司向激励对象定向发行公司股票 瑞芯微电子股份有限公司（以下简称"公司"）于 2025 年 8 月 18 日分别召 开第四届董事会第六次会议和第四届监事会第六次会议，审议通过《关于 2022 年第二期股票期权与限制性股票激励计划预留授予第二个行权期行权条件及第 二个限售期解除限售条件成就的议案》。经审议，公司 2022 年第二期股票期权 与限制性股票激励计划预留授予股票期权第二个行权期行权条件已成就，公司同 意为符合行权条件的 8 名激励对象办理股票期权行权相关事宜 ...

Core Viewpoint - The AI chip sector experienced a significant surge, driven by multiple favorable news, including advancements in domestic chip design and increased demand for AI capabilities [4][5]. Group 1: Market Dynamics - The AI chip concept stocks saw a sudden spike, with companies like Cambrian, Haiguang Information, and Yuntian Lifei hitting the 20% daily limit up, while Hengsuo shares rose over 13% [4]. - A new policy financial tool worth 500 billion yuan is set to be introduced, focusing on digital economy and AI sectors, highlighting the global emphasis on AI industries [4]. Group 2: Technological Advancements - DeepSeek announced the release of DeepSeek-V3.1, which utilizes UE8M0 FP8 Scale parameters, indicating a shift towards more applications of domestic AI chips in training and inference processes [4][5]. - Deloitte's report predicts that the new generation of AI chips will exceed $150 billion by 2025, with the global AI chip market expected to grow to $400 billion by 2027 [5]. Group 3: Domestic Market Trends - There is an increasing demand for domestic AI chips driven by the growth of AI cloud server industries and the rising desire for higher domestic chip localization rates among local cloud providers [5].

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： 瑞芯微电子股份有限公司（以下简称"公司"）于 2025 年 8 月 18 日分别召 开第四届董事会第六次会议和第四届监事会第六次会议，审议通过《关于 2022 年第二期股票期权与限制性股票激励计划预留授予第二个行权期行权条件及第 二个限售期解除限售条件成就的议案》。经审议，公司 2022 年第二期股票期权 与限制性股票激励计划预留授予股票期权第二个行权期行权条件已成就，公司同 意为符合行权条件的 8 名激励对象办理股票期权行权相关事宜，可行权数量为 12.45 万份，占公司目前股本总额的 0.03%。现对有关事项说明如下： 证券代码：603893 证券简称：瑞芯微 公告编号：2025-066 瑞芯微电子股份有限公司 关于 2022 年第二期股票期权与限制性股票激励计划 预留授予股票期权第二个行权期符合行权条件的公告 一、2022 年第二期股票期权与限制性股票激励计划批准及实施情况 （一）2022 年第二期股票期权与限制性股票激励计划履行的程序 1、2022 年 1 ...

Group 1 - The A-share market saw all three major indices rise collectively on August 25, with the Shanghai Composite Index increasing by 0.63%. The communication, electronics, and non-ferrous metals sectors led the gains, while banks and oil & petrochemicals experienced declines [1] - The semiconductor sector continued to perform strongly, with the Chip ETF (159995.SZ) rising by 3.63%. Notable individual stock performances included Cambricon Technologies up by 9.48%, SMIC up by 7.74%, Haiguang Information up by 7.45%, and Zhaoyi Innovation up by 5.71% [1] - According to the Semiconductor Industry Association (SIA), global semiconductor sales are projected to reach approximately $59.9 billion by June 2025, representing a year-on-year growth of 19.6% and a month-on-month increase of 1.5%. China's semiconductor sales for the same period are expected to be $17.2 billion, with a year-on-year growth of 13.1% and a month-on-month increase of 0.8% [1] Group 2 - Tianfeng Securities' research report indicates a continued optimistic growth trend for the global semiconductor industry in 2025, driven by AI and ongoing domestic substitution efforts amid rising risks related to supply chain disruptions and restructuring [1] - The report highlights strong earnings forecasts for companies across various segments in the second quarter, with an emphasis on the upcoming semiconductor peak season in the third quarter. It suggests focusing on performance elasticity in storage, power, foundry, ASIC, and SoC sectors, as well as domestic substitution in equipment materials and computing chips [1] - The Chip ETF (159995) tracks the National Chip Index, which includes 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing, such as SMIC, Cambricon, Changdian Technology, and Northern Huachuang [2]

内容概况：物联网设备的广泛应用也推动了ASIC芯片市场的发展。从智能家居到工业自动化，各种物 联网设备都需要高性能、低功耗的芯片来支持其功能，ASIC芯片凭借其定制化优势成为理想选择。 2024年，中国ASIC芯片行业市场规模为478.9亿元，同比增长27.71%，标志着中国ASIC行业已形成从设 计到落地的完整闭环，未来需持续突破先进制程、构建自主生态，推动半导体产业向高端化、自主化迈 进。 相关上市企业：芯原股份（688521）、澜起科技（688008）、中芯国际（688981）、全志科技 （300458）、寒武纪（688256）、瑞芯微（603893） 相关企业：上海硅产业集团股份有限公司、彤程新材料集团股份有限公司、中船（邯郸）派瑞特种气体 股份有限公司、上海微电子装备（集团）股份有限公司、中微半导体设备（上海）股份有限公司、拓荆 科技股份有限公司、深圳市和科达精密清洗设备股份有限公司、北京华峰测控技术股份有限公司、北方 华创科技集团股份有限公司、华为技术有限公司、中兴通讯股份有限公司 关键词：ASIC芯片、ASIC芯片市场规模、ASIC芯片行业现状、ASIC芯片发展趋势 一、行业概述 ASIC芯片（ ...

➢ 事件：8 月 18 日，瑞芯微发布 2025 年半年度报告，公司 25H1 实现收入 20.46 亿元，同比增长 63.85%；实现归母净利润 5.31 亿元，同比增长 190.61%； 实现扣非归母净利润 5.16 亿元，同比增长 191.36%. 瑞芯微（603893.SH）2025 年半年报点评 旗舰芯领航成长，全面拥抱 AIoT 2.0 浪潮 2025 年 08 月 24 日 其中，公司 2Q25 实现收入 11.61 亿元，同比增长 64.54%，环比增长 31.19%； 实现归母净利润 3.22 亿元，同比增长 179.41%，环比增长 54.07%。 ➢ AI 赋能业务腾飞，半年度营收创历史新高。2025 年上半年，公司依托在 AIoT 产品长期战略布局优势，顺应 AI 在端侧应用发展需求，经营业绩持续向好。 受产业景气度持续提升及公司战略布局的共同驱动，公司 25H1 的营收和净利润 均实现高增，销售毛利率达到 42.29%，同比提升 6.38 pct。此外，公司旗舰产 品 RK3588、次新产品 RK3576 等带领各产品线继续保持高速增长，特别是在 汽车电子、工业应用、机器视觉及各类机 ...

Core Viewpoint - The rapid profit growth of a company not operating in mainstream sectors indicates that the true commercial value of the IoT market, comprising automotive, industrial, and robotics, may be underestimated by the external environment [4][6]. Financial Performance - In the first half of 2025, the company achieved revenue of 2.046 billion yuan, a year-on-year increase of 63.85%, and a net profit of 531 million yuan, a year-on-year increase of 190.61% [6][4]. - In Q2 alone, revenue reached 1.161 billion yuan, with a quarter-on-quarter growth of 31.18%, and net profit of 322 million yuan, with a quarter-on-quarter growth of 54% [6]. - The gross margin in Q2 was 43.3%, up 6.5 percentage points year-on-year, indicating a shift towards higher-margin products [6]. Product and Market Strategy - The flagship product, RK3588, is a system-on-chip (SoC) that integrates various functionalities, serving as the "brain" for smart devices [7]. - The RK3588 chip is utilized in diverse applications, including automotive electronics, industrial applications, and robotics, showcasing a "one chip serves multiple industries" model [8]. - The company employs a sales model that combines distribution and direct sales, leveraging a vast developer ecosystem to lower development barriers for clients [9][10]. Market Focus and Growth Areas - Key growth areas identified include automotive electronics, industrial applications, machine vision, and robotics, with a particular emphasis on the robotics sector as a rapidly growing market [11][12]. - The company has introduced a new AI vision processor, RV1126B, which integrates an independent AI-ISP module to enhance image processing efficiency [12]. AI Market Positioning - The company is not competing in the high-end GPU market but instead focuses on providing cost-effective AI solutions for existing products through its co-processor, RK182X [18][19]. - This strategy targets the "AI application" market, providing low-cost AI upgrade solutions for a large number of existing clients in the IoT sector [19].

Core Insights - The company, Rockchip (瑞芯微), reported significant growth in its financial performance for the first half of 2025, with revenue reaching 2.046 billion yuan, a year-on-year increase of 64%, and net profit of 531 million yuan, up 191% [2][3] - The company's chips are primarily used in the AIoT sector, which combines artificial intelligence and the Internet of Things, covering diverse applications such as automotive electronics, machine vision, industrial applications, and robotics [2][4] Financial Performance - In Q2 2025, Rockchip achieved revenue of 1.161 billion yuan, a quarter-on-quarter increase of 31.18%, and net profit of 322 million yuan, up 54% [3] - The gross margin for Q2 reached 43.3%, an increase of 6.5 percentage points year-on-year, indicating a shift towards higher-margin products [4] Product and Market Strategy - The flagship product, RK3588, is a system-on-chip (SoC) that integrates various functionalities, including an 8-core processor and a self-developed NPU with a computing power of 6 TOPS [5] - Rockchip's business model focuses on serving a large number of small to medium-sized clients across various industries, contrasting with traditional chip manufacturers that cater to a few large clients [6][10] Market Trends and Opportunities - The semiconductor industry is experiencing growth, with a projected global market size of $700.9 billion in 2025, driven largely by advancements in artificial intelligence [11][12] - Rockchip is targeting the AI application market with its co-processor RK182X, which allows existing products to integrate AI capabilities without significant redesign [14][16] Competitive Positioning - Rockchip is positioned as a provider of cost-effective solutions for AI applications, focusing on markets that are often overlooked by larger competitors [17][18] - The company aims to leverage its extensive developer ecosystem and product iterations to enhance its market presence and profitability [7][10]

Core Viewpoint - The company, 瑞芯微 (Rockchip), is actively engaging in partnerships with robotics companies to enhance its chip solutions for humanoid robots and quadruped robotic dogs, indicating a strategic focus on expanding its presence in the robotics sector [1] Group 1 - The company's chip solutions are utilized in products from 宇树科技 (Yushutech), specifically humanoid robots and quadruped robotic dogs [1] - 瑞芯微 plans to collaborate more extensively with robotics companies in various areas including "brain," "cerebellum," vision, and audio [1]

报 告 摘 要 乘势而起：市场新高趋势追踪 触及新高的个股、行业和板块可被视为市场的风向标。越来越多的研究表明动量、趋势跟踪策略的有效性。本报告旨在定期跟踪市场中创新高的个股及其 分布，以追踪市场趋势、把握市场热点。 截至2025年8月22日，上证指数、深证成指、沪深300、中证500、中证1000、中证2000、创业板指、科创50指数250日新高距离分别为0.00%、 0.00%、0.00%、0.00%、0.00%、0.06%、0.00%、0.00%。中信一级行业指数中家电、国防军工、综合、传媒、计算机行业指数距离250日新高较 近，食品饮料、煤炭、房地产、银行、消费者服务行业指数距离250日新高较远。概念指数中，数字货币、万得风电、航天军工、汽车零部件、金属非金 属、汽车、家用电器等概念指数距离250日新高较近。 见微知著：利用创新高个股进行市场监测 截至2025年8月22日，共1606只股票在过去20个交易日间创出250日新高。其中创新高个股数量最多的是机械、医药、电子行业，创新高个股数量占比最 高的是国防军工、有色金属、医药行业。按照板块分布来看，本周制造、科技板块创新高股票数量最多；按照指数分布来看 ...