关于取消监事会、修订《公司章程》并办理 工商变更登记及修订、新增部分管理制度的公告 证券代码：688045 证券简称：必易微 公告编号：2025-031 深圳市必易微电子股份有限公司 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、准确性和完整性依法承担法律责任。 深圳市必易微电子股份有限公司（以下简称"公司"）于 2025 年 8 月 15 日召开了第二届董事会第十七次会议，审议通过了《关于取消监事会并修订<公 司章程>及办理工商变更登记的议案》《关于修订、新增公司部分管理制度的议 案》，现将相关情况公告如下： 一、取消监事会的情况 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司 章程指引》的有关规定，上市公司将不再设置监事会及监事，由董事会审计委员 会行使《公司法》规定的监事会的职权。因此，公司拟取消监事会，由公司董事 会审计委员会行使《公司法》规定的监事会的职权，公司《监事会议事规则》相 应废止，公司各项规章制度中与公司监事、监事会相关的规定不再适用。 在公司股东大会审议通过取消监事会的事项前，公司第二届监事会及监事仍 将继续遵守 ...

证券代码：688045 证券简称：必易微 公告编号：2025-033 深圳市必易微电子股份有限公司 关于使用募集资金向全资子公司实缴出资和 提供借款以实施募投项目的公告 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、准确性和完整性依法承担法律责任。 深圳市必易微电子股份有限公司（以下简称"公司"）于 2025 年 8 月 15 日召开了公司第二届董事会第十七次会议、第二届监事会第十五次会议，审议通 过了《关于使用募集资金向全资子公司实缴出资和提供借款以实施募投项目的议 案》，同意公司使用募集资金人民币 5,000 万元向全资子公司上海必易微电子技 术有限公司（以下简称"必易微上海"）进行实缴出资，并使用募集资金向必易 微上海提供不超过人民币 3,000 万元的无息借款，以实施募集资金投资项目（以 下简称"募投项目"）"电源管理系列控制芯片开发及产业化项目"，借款期限 自借款实际发放之日起不超过 5 年，必易微上海可根据其实际经营情况提前偿还 或到期续借。根据项目实际情况及资金使用需求，公司将分批次拨付前述出资款 和借款。公司监事会对上述事项发表了明确同意 ...

证券代码：688045 证券简称：必易微 公告编号：2025-030 深圳市必易微电子股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项 报告 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、准确性和完整性依法承担法律责任。 根据《上市公司募集资金监管规则》《上海证券交易所科创板股票上市规则》 《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有关法 律、法规及相关文件的规定，深圳市必易微电子股份有限公司（以下简称"公司"） 就 2025 年半年度募集资金存放与实际使用情况的专项报告说明如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于同意深圳市必易微电子股份有限公司首 次公开发行股票注册的批复》（证监许可〔2022〕819 号），同意公司首次公开 发行股票的注册申请。并经上海证券交易所同意，公司首次向社会公众公开发行 人民币普通股（A 股）股票 1,726.23 万股，发行价为人民币 55.15 元/股，募集资 金总额为人民币 95,201.58 万元，扣除发行费用（不含增 ...

证券代码：688045 证券简称：必易微 公告编号：2025-035 深圳市必易微电子股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第一次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 9 月 5 日 14 点 30 分 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》 等有关规定执行。 （七） 涉及公开征集股东投票权 召开地点：深圳市南山区西丽街道云科技大厦 33 楼公司培训室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 5 日 股东大会召开日期：202 ...

证券代码：688045 证券简称：必易微 公告编号：2025-029 二、监事会会议审议情况 本次会议以书面表决方式进行表决。经与会监事认真审议，一致通过了以下 议案： （一）关于公司《2025 年半年度报告》及其摘要的议案 全体监事经审查后认为：公司《2025 年半年度报告》及其摘要的编制和审 议程序符合相关法律、行政法规及公司相关管理制度的规定；公司《2025 年半 年度报告》及其摘要的内容与格式符合中国证监会和上海证券交易所的各项规定， 公允地反映了公司 2025 年半年度的财务状况和经营成果等事项。公司《2025 年 半年度报告》及其摘要的编制过程中，相关人员严格保密，未发现提前泄露报告 内容的情况。公司《2025 年半年度报告》及其摘要所披露的信息真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏。 表决情况：3 票同意、0 票反对、0 票弃权、0 票回避。 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn）披露的《深 圳市必易微电子股份有限公司 2025 年半年度报告》及《深圳市必易微电子股份 有限公司 2025 年半年度报告摘要》。 深圳市必易微电子股份有限公司 第二 ...

（4）法律法规规定不得实行股权激励的； （5）中国证监会认定的其他情形。 综上，公司具备实施股权激励计划的主体资格。 深圳市必易微电子股份有限公司董事会薪酬与考核委员会 关于公司 2025 年限制性股票激励计划相关事项的核查意见 深圳市必易微电子股份有限公司（以下简称"公司"）董事会薪酬与考核委 员会（以下简称"薪酬委员会"）依据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市 公司股权激励管理办法》（以下简称"《管理办法》"）、《上海证券交易所科 创板股票上市规则》（以下简称"《上市规则》"）、《科创板上市公司自律监 管指南第 4 号——股权激励信息披露》（以下简称"《自律监管指南》"）、《必 易微电子股份有限公司公司章程》（以下简称"《公司章程》"）等有关规定， 对公司 2025 年限制性股票激励计划（以下简称"本次激励计划"）相关事项进 行核查，发表核查意见如下： 1、公司不存在《管理办法》等法律、法规规定的禁止实施股权激励计划的 情形，包括： （1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2） ...

二、董事会会议审议情况 本次会议以书面表决方式进行表决，经与会董事审议，通过了如下议案： （一）关于公司《2025 年半年度报告》及其摘要的议案 经审查，董事会认为公司《2025 年半年度报告》及其摘要的编制和审议程 序符合相关法律法规及《公司章程》等内部规章制度的规定；公司《2025 年半 年度报告》及其摘要的内容与格式符合相关规定，并公允地反映了公司 2025 年 半年度的财务状况和经营成果等事项。 证券代码：688045 证券简称：必易微 公告编号：2025-028 深圳市必易微电子股份有限公司 第二届董事会第十七次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 深圳市必易微电子股份有限公司（以下简称"公司"）第二届董事会第十七 次会议（以下简称"本次会议"或"会议"）于 2025 年 8 月 15 日以现场结合通 讯会议方式在公司会议室召开。本次会议已于 2025 年 8 月 8 日以邮件方式发出 会议通知，由董事长谢朋村先生召集和主持，应出席董事 7 人，实际出席董事 7 人 ...

[Glossary](index=4&type=section&id=Glossary) This section provides definitions for key terms used within the report [Company Profile and Key Financial Indicators](index=6&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) Overview of the company's basic information and a summary of its key financial performance and position [Company Basic Information](index=6&type=section&id=Company%20Basic%20Information) Biyi Micro is a Shenzhen-registered joint-stock company specializing in the design and sale of high-performance analog and mixed-signal integrated circuits, with Xie Pengcun as its legal representative - The company's full Chinese name is "Shenzhen Biyi Microelectronics Co., Ltd.", abbreviated as "Biyi Micro", with Xie Pengcun as its legal representative[14](index=14&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue decreased by 6.99% year-over-year, while net loss attributable to shareholders narrowed; net cash flow from operating activities decreased by 43.56% due to reduced government subsidies and increased payroll taxes, yet cost control and product adjustments led to a 12.76 million CNY reduction in non-recurring loss and improved gross margin Key Accounting Data (January-June 2025) | Key Accounting Data | Current Period (Jan-Jun) | Prior Year Period | Year-over-year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 282.58 million CNY | 303.82 million CNY | -6.99% | | Net Profit Attributable to Shareholders of Listed Company | -8.81 million CNY | -10.61 million CNY | N/A | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | -14.52 million CNY | -27.28 million CNY | N/A | | Net Cash Flow from Operating Activities | 4.15 million CNY | 7.36 million CNY | -43.56% | | **Asset Status** | **End of Current Period** | **End of Prior Year** | **Year-over-year Change (%)** | | Net Assets Attributable to Shareholders of Listed Company | 1.37 billion CNY | 1.36 billion CNY | 1.34% | | Total Assets | 1.44 billion CNY | 1.46 billion CNY | -1.37% | Key Financial Indicators (January-June 2025) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Year Period | Year-over-year Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | -0.13 | -0.15 | N/A | | Weighted Average Return on Net Assets (%) | -0.62 | -0.76 | increased by 0.14 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | -1.03 | -1.96 | increased by 0.93 percentage points | | R&D Expenditure as % of Operating Revenue (%) | 25.42 | 27.91 | decreased by 2.49 percentage points | - Net loss attributable to shareholders after deducting non-recurring gains and losses narrowed by **12.76 million CNY** year-over-year, primarily due to the company's cost reduction efforts through design refinement, process upgrades, and supply chain optimization, coupled with proactive adjustments to product structure and market pricing strategies, leading to an increase in product gross margin[22](index=22&type=chunk) - During the reporting period, total non-recurring gains and losses amounted to **5.71 million CNY**, primarily from fair value changes and disposal gains/losses on financial assets and liabilities held by non-financial enterprises[26](index=26&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) Management's review and analysis of the company's operations, financial condition, and future outlook [Industry and Main Business Overview](index=10&type=section&id=Industry%20and%20Main%20Business%20Overview) The company specializes in high-performance analog and mixed-signal IC design and sales, with products spanning power management, motor drive control, battery management, signal chain, and microcontrollers; the industry benefits from AI, new energy, and 5G, driving steady market demand and significant domestic substitution opportunities across various applications [Industry Overview](index=10&type=section&id=Industry%20Overview) The company operates in the integrated circuit design industry, benefiting from AI, new energy, 5G, and IoT, driving steady global and Chinese market growth; global semiconductor sales are projected to reach 697 billion USD by 2025, with China's IC market at 1.89 trillion CNY, while the analog chip market in China is expected to reach 333.95 billion CNY by 2025 with significant domestic substitution potential, and the global MCU market is forecast to reach 38.8 billion USD by 2028 Integrated Circuit Industry Market Size Forecast | Market | Forecast Year | Forecast Size | | :--- | :--- | :--- | | Global Semiconductor Sales | 2025 | 697.0 billion USD | | China Integrated Circuit | 2025 | 1.89 trillion CNY | | China Analog Chip | 2025 | 333.95 billion CNY | | Global MCU | 2028 | 38.8 billion USD | - The company operates in the integrated circuit design industry with broad downstream applications; benefiting from global semiconductor supply chain shifts and domestic policy support, China's integrated circuit industry is rapidly growing, with its market size projected to reach **1.89 trillion CNY** by 2025[29](index=29&type=chunk) - China is the world's largest analog chip consumption market with a growth rate exceeding the global average; despite immense market demand, domestic self-sufficiency is low, indicating vast import substitution potential, with China's analog chip market size projected to grow to **333.95 billion CNY** by 2025[30](index=30&type=chunk) [Main Business and Key Products](index=11&type=section&id=Main%20Business%20and%20Key%20Products) The company's main business is the design and sale of high-performance analog and mixed-signal integrated circuits, offering a comprehensive product matrix primarily categorized into five types: power management, motor drive control, battery management, signal chain, and microcontrollers - The company offers a comprehensive product portfolio covering five major categories: power management, motor drive control, battery management, signal chain, and microcontrollers, providing customers with one-stop chip solutions[32](index=32&type=chunk) [Discussion and Analysis of Operations](index=14&type=section&id=Discussion%20and%20Analysis%20of%20Operations) In H1 2025, overall revenue declined nearly 7% year-over-year, mainly due to weak LED driver chip demand, yet new products like motor drive control and DC-DC saw 64.57% growth, driving a nearly 30% sequential revenue increase in Q2; cost reduction and efficiency gains led to four consecutive quarters of gross margin improvement, reaching nearly 30% in Q2, with net loss narrowing by 16.92% in H1 and Q2 achieving a net profit of 4.32 million CNY H1 2025 Operational Highlights | Indicator | Performance | Source | | :--- | :--- | :--- | | **Overall Revenue** | Declined nearly 7% year-over-year | Primarily affected by LED driver chip business | | **New Product Revenue** | Motor drive control, DC-DC, etc., grew 64.57% year-over-year | Successful product structure adjustment | | **Quarterly Growth** | Q2 revenue grew nearly 30% sequentially | New product volume ramp-up | | **Gross Margin** | Grew for four consecutive quarters, Q2 nearly 30% | Cost reduction, efficiency gains, pricing strategy adjustment | | **Net Profit** | H1 net profit attributable to parent company -8.81 million CNY, loss narrowed by 16.92% year-over-year | Improved profitability | | **Q2 Net Profit** | Achieved net profit attributable to parent company of 4.32 million CNY, sequential growth of 132.88% | Quarterly turnaround to profit | - R&D investment remained high, with expenses reaching **71.85 million CNY** in H1 2025, accounting for **25.42%** of operating revenue[43](index=43&type=chunk)[44](index=44&type=chunk) - The company achieved significant progress across multiple product lines, including AC-DC, LED drivers, motor drive control, DC-DC, battery management, digital isolation, and MCUs, continuously launching new products and successfully integrating them into the supply chains of several leading customers[46](index=46&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk)[51](index=51&type=chunk) [Analysis of Core Competencies](index=16&type=section&id=Analysis%20of%20Core%20Competencies) The company's core competencies include continuous R&D innovation, a mature and stable R&D and management team, reliable supply channels, and a 'head effect' market promotion model; during the period, six new core technologies were added, accumulating 242 patents, with H1 R&D investment at 71.85 million CNY, accounting for 25.42% of revenue, and R&D personnel comprising nearly 70% of the workforce - The company's core competencies include: - **Continuous R&D innovation**: Mastering core technologies such as high-voltage integrated processes and low-power consumption control - **Talent and management team**: Experienced core R&D team, with R&D personnel accounting for over **69%** - **Reliable supply channels**: Adopting a Fabless model with close supplier collaboration - **Market promotion model**: Focusing on serving key accounts, creating a 'head effect' that facilitates rapid product market entry[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk) [Core Technologies and R&D Progress](index=17&type=section&id=Core%20Technologies%20and%20R%26D%20Progress) During the reporting period, the company added six core technologies, including rapid input overvoltage protection and high-precision LLC primary-side constant current control; as of period-end, it held 242 domestic and international patents (129 invention patents) and 583 integrated circuit layout designs; H1 R&D investment was 71.85 million CNY, representing 25.42% of revenue, with ongoing development in five major projects including AC-DC, motor drive, DC-DC, battery management, and signal chain chips - Six new core technologies were added during the reporting period, including: rapid response input overvoltage protection technology, high-precision LLC primary-side constant current control solution, adaptive dynamic response threshold technology, high-efficiency three-phase BLDC motor drive freewheeling control technology, high-reliability half-bridge IPM dedicated gate drive technology, and high-reliability optocoupler-compatible isolated gate drive technology[60](index=60&type=chunk) R&D Investment Overview | Item | Current Period Amount (CNY) | Prior Year Period Amount (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Expensed R&D Investment | 71.85 million CNY | 84.78 million CNY | -15.26% | | Total R&D Investment as % of Revenue (%) | 25.42% | 27.91% | decreased by 2.49 percentage points | R&D Personnel Overview | Item | Current Period Amount (persons) | Prior Year Period Amount (persons) | | :--- | :--- | :--- | | Number of R&D Personnel (persons) | 261 | 254 | | R&D Personnel as % of Total Company Headcount (%) | 69.79% | 70.17% | [Risk Factors](index=25&type=section&id=Risk%20Factors) The company faces multi-faceted risks, including potential significant performance decline or loss if industry demand recovery or new product ramp-up falls short of expectations, core technology leakage and talent loss, intense market competition, reliance on external manufacturers for quality control, accounts receivable impairment and inventory write-down risks, and broader macroeconomic fluctuations and international trade frictions - The company faces key risks including: - **Performance risk**: Potential losses due to sustained high R&D investment if market demand or new product ramp-up falls short of expectations[72](index=72&type=chunk) - **Core competency risk**: Technology leakage, talent attrition, and inability of product iteration to keep pace with market demand[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk) - **Operational risk**: Intensified market competition and reliance on external suppliers for product quality control[76](index=76&type=chunk)[77](index=77&type=chunk) - **Financial risk**: Accounts receivable impairment and inventory write-down risks[77](index=77&type=chunk)[78](index=78&type=chunk) - **Industry and macroeconomic risk**: Downstream market demand fluctuations and international trade frictions[79](index=79&type=chunk) [Analysis of Assets and Liabilities](index=28&type=section&id=Analysis%20of%20Assets%20and%20Liabilities) As of the reporting period end, total assets were 1.44 billion CNY, a slight 1.37% decrease from year-end; significant asset structure changes include a 69.57% decrease in monetary funds, primarily due to investments in wealth management products, real estate, and equity, leading to substantial increases in financial assets held for trading, construction in progress, and other non-current financial assets, while employee compensation payable decreased by 67.12% due to prior year bonus payments Major Balance Sheet Item Changes | Item Name | Amount at Period End (CNY) | Change from Prior Year End (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Monetary Funds | 293.31 million CNY | -69.57% | Purchase of wealth management products, real estate, and increased equity investments | | Financial Assets Held for Trading | 614.36 million CNY | N/A | Purchase of wealth management products | | Construction in Progress | 26.49 million CNY | N/A | Newly acquired real estate not yet ready for use | | Other Non-Current Financial Assets | 58.00 million CNY | 222.22% | New equity investments | | Employee Compensation Payable | 8.58 million CNY | -67.12% | Payment of prior year bonuses | [Corporate Governance, Environment, and Society](index=33&type=section&id=Corporate%20Governance%2C%20Environment%2C%20and%20Society) Details on corporate governance structure, changes in key personnel, and social responsibility initiatives [Changes in Directors, Supervisors, Senior Management, and Core Technical Personnel](index=33&type=section&id=Changes%20in%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) During the reporting period, based on the company's long-term strategic development plan and R&D project progress, Mr. Wang Yi was no longer designated as a core technical personnel - During the reporting period, Mr. Wang Yi was no longer designated as a core technical personnel due to adjustments in the company's strategic development plan[96](index=96&type=chunk) [Equity Incentive and Employee Stock Ownership Plans](index=33&type=section&id=Equity%20Incentive%20and%20Employee%20Stock%20Ownership%20Plans) During the reporting period, the company cancelled certain restricted shares from the 2022, 2023, and 2024 incentive plans due to reasons like employee departures or unmet performance targets, completed the first vesting period of the 2024 restricted stock incentive plan, terminated the second phase of the 2024 restricted stock incentive plan, and the lock-up period for the 2024 employee stock ownership plan expired on May 7, 2025 - The company cancelled certain restricted shares due to incentive recipients' departures or the company's/individual's failure to meet performance targets[97](index=97&type=chunk) - The first vesting period of the 2024 restricted stock incentive plan completed share registration, with **788,880 shares** vested, increasing the company's total share capital[98](index=98&type=chunk) - The company terminated the implementation of the second phase of the 2024 restricted stock incentive plan[98](index=98&type=chunk) [Significant Events](index=36&type=section&id=Significant%20Events) Information on significant commitments, use of raised funds, and other material events affecting the company [Fulfillment of Commitments](index=36&type=section&id=Fulfillment%20of%20Commitments) During the reporting period, the company's actual controller, shareholders, related parties, and the company itself strictly fulfilled all commitments made during the initial public offering, including share lock-up, price stabilization, information disclosure accuracy, avoidance of horizontal competition, and regulation of related party transactions; certain shareholders' share lock-up periods were automatically extended by six months due to triggered conditions - The company's controlling shareholder, actual controller Xie Pengcun, and his concerted parties, along with certain directors, supervisors, and senior management, committed not to transfer pre-IPO shares within **36 months** from the company's listing date[103](index=103&type=chunk)[105](index=105&type=chunk) - Due to triggering the condition of "closing price falling below the offering price for 20 consecutive trading days within 6 months after listing," the lock-up period for pre-IPO shares held by relevant committing parties was automatically extended by **6 months**, until November 25, 2025[149](index=149&type=chunk) [Explanation of Progress in Use of Raised Funds](index=87&type=section&id=Explanation%20of%20Progress%20in%20Use%20of%20Raised%20Funds) As of the reporting period end, the company's net proceeds from its initial public offering totaled 861 million CNY, with cumulative investment reaching 610 million CNY, representing a 70.88% progress rate, primarily allocated to power management and motor drive control chip development and industrialization projects, and R&D center construction; during the period, internal investment structures for some projects were adjusted, and the expected completion dates for two major industrialization projects were extended to May 2027 Overall Use of Raised Funds | Item | Amount (CNY) | | :--- | :--- | | Net Proceeds from Raised Funds | 860.78 million CNY | | Total Committed Investment | 652.52 million CNY | | Cumulative Investment as of Period End | 610.11 million CNY | | Overall Investment Progress | 70.88% | - The company adjusted the internal investment structure for the "Power Management Series Control Chip Development and Industrialization Project" and the "Motor Drive Control Chip Development and Industrialization Project," extending their expected completion dates to **May 2027**[170](index=170&type=chunk) [Share Changes and Shareholder Information](index=93&type=section&id=Share%20Changes%20and%20Shareholder%20Information) Analysis of changes in share capital and detailed information regarding the company's shareholders [Changes in Share Capital](index=93&type=section&id=Changes%20in%20Share%20Capital) During the reporting period, the company issued 788,880 shares to incentive recipients due to the first vesting period of the 2024 restricted stock incentive plan, increasing total share capital from 69,048,939 shares to 69,837,819 shares - Due to the completion of the first vesting period of the 2024 restricted stock incentive plan, the company's total share capital increased from **69,048,939 shares** to **69,837,819 shares**, with **788,880 new shares** issued[175](index=175&type=chunk)[176](index=176&type=chunk) [Shareholder Information](index=94&type=section&id=Shareholder%20Information) As of the reporting period end, the company had 6,014 common shareholders; among the top ten shareholders, controlling shareholder and actual controller Xie Pengcun held 18.39%, with Suzhou Fangguang Phase II Venture Capital Partnership (Limited Partnership) as the second largest at 10.23%, indicating a relatively concentrated equity structure among the top ten Top Ten Shareholders' Holdings | Shareholder Name | Shares Held at Period End (shares) | Percentage (%) | | :--- | :--- | :--- | | Xie Pengcun | 12,844,050 | 18.39% | | Suzhou Fangguang Phase II Venture Capital Partnership (Limited Partnership) | 7,143,000 | 10.23% | | Shenzhen Kaiweis Enterprise Management Center (Limited Partnership) | 5,001,950 | 7.16% | | Yuan Chengjun | 4,671,051 | 6.69% | | Shenzhen Kawester Enterprise Management Center (Limited Partnership) | 4,633,900 | 6.64% | | Zhang Bo | 4,285,700 | 6.14% | | Shenzhen Kawete Enterprise Management Center (Limited Partnership) | 3,312,300 | 4.74% | | Yu Huijie | 2,142,850 | 3.07% | | Beijing Fenghui Investment Management Co., Ltd. | 1,900,000 | 2.72% | | Shenzhen Meikai Shanhe Enterprise Management Consulting Partnership (Limited Partnership) | 433,789 | 0.62% | - Controlling shareholder Xie Pengcun is a concerted party with shareholders Zhang Bo and Yu Huijie; Xie Pengcun also serves as the executive partner for employee stock ownership platforms Kawete, Kawester, and Kaiweis[181](index=181&type=chunk) [Bond-Related Information](index=100&type=section&id=Bond-Related%20Information) Overview of the company's outstanding bonds and other debt financing instruments [Company Bonds and Other Debt Financing Instruments](index=100&type=section&id=Company%20Bonds%20and%20Other%20Debt%20Financing%20Instruments) During the reporting period, the company had no outstanding corporate bonds, enterprise bonds, or non-financial enterprise debt financing instruments - The company had no corporate bonds or non-financial enterprise debt financing instruments during the current reporting period[191](index=191&type=chunk) [Financial Report](index=101&type=section&id=Financial%20Report) Presents the company's unaudited consolidated and parent company financial statements for the period [Consolidated Balance Sheet](index=101&type=section&id=Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's total assets were 1.44 billion CNY, total liabilities 107 million CNY, and equity attributable to parent company owners 1.37 billion CNY, with a debt-to-asset ratio of 7.43%; compared to the beginning of the period, asset structure significantly changed, with decreased monetary funds and increased financial assets held for trading and construction in progress Consolidated Balance Sheet Summary | Item | June 30, 2025 (CNY) | December 31, 2024 (CNY) | | :--- | :--- | :--- | | **Total Current Assets** | 1.21 billion CNY | 1.30 billion CNY | | **Total Non-Current Assets** | 228.77 million CNY | 160.08 million CNY | | **Total Assets** | **1.44 billion CNY** | **1.46 billion CNY** | | **Total Current Liabilities** | 98.30 million CNY | 131.44 million CNY | | **Total Non-Current Liabilities** | 8.66 million CNY | 10.40 million CNY | | **Total Liabilities** | **106.97 million CNY** | **141.84 million CNY** | | **Total Equity Attributable to Parent Company Owners** | 1.37 billion CNY | 1.36 billion CNY | | **Total Owners' Equity** | **1.33 billion CNY** | **1.32 billion CNY** | [Consolidated Income Statement](index=107&type=section&id=Consolidated%20Income%20Statement) In H1 2025, the company achieved operating revenue of 283 million CNY, a 6.99% year-over-year decrease; operating cost decreased by 12.65% to 199 million CNY, improving gross margin from 25.0% to 29.6%; R&D expenses were 71.85 million CNY, accounting for 25.4% of revenue, resulting in a net loss attributable to parent company shareholders of 8.82 million CNY, a narrower loss compared to 10.61 million CNY in the prior year Consolidated Income Statement Summary | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | **Operating Revenue** | **282.58 million CNY** | **303.82 million CNY** | | Operating Cost | 199.00 million CNY | 227.82 million CNY | | **Gross Profit** | **83.58 million CNY** | **76.00 million CNY** | | R&D Expenses | 71.85 million CNY | 84.78 million CNY | | **Operating Profit** | **-14.77 million CNY** | **-20.13 million CNY** | | Total Profit | -14.86 million CNY | -20.14 million CNY | | **Net Profit** | **-12.06 million CNY** | **-19.47 million CNY** | | **Net Profit Attributable to Parent Company Shareholders** | **-8.81 million CNY** | **-10.61 million CNY** | [Consolidated Cash Flow Statement](index=111&type=section&id=Consolidated%20Cash%20Flow%20Statement) In H1 2025, net cash flow from operating activities was 4.15 million CNY, a 43.6% year-over-year decrease; net cash outflow from investing activities was 583 million CNY, primarily for wealth management products and long-term asset acquisition; net cash inflow from financing activities was 8.07 million CNY, mainly from capital contributions, resulting in a significant decrease in cash and cash equivalents to 293 million CNY at period-end Consolidated Cash Flow Statement Summary | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | **4.15 million CNY** | **7.36 million CNY** | | **Net Cash Flow from Investing Activities** | **-582.62 million CNY** | **-445.28 million CNY** | | **Net Cash Flow from Financing Activities** | **8.07 million CNY** | **-22.32 million CNY** | | Effect of Exchange Rate Changes on Cash | -845.47 CNY | 1,105.66 CNY | | **Net Increase in Cash and Cash Equivalents** | **-570.40 million CNY** | **-460.24 million CNY** | | Cash and Cash Equivalents at Beginning of Period | 863.71 million CNY | 724.17 million CNY | | **Cash and Cash Equivalents at End of Period** | **293.31 million CNY** | **263.94 million CNY** |

Group 1 - Multiple listed companies have proposed share buybacks to bolster market confidence [1][2][3] - Yifan Pharmaceutical plans to repurchase shares at a price not exceeding 20.57 CNY per share, with a total buyback amount between 30 million CNY and 50 million CNY [1] - Ruilian New Materials intends to buy back shares with a total amount between 50 million CNY and 80 million CNY, at a price not exceeding 51 CNY per share [1] - Kairda plans to repurchase shares with a total amount between 50 million CNY and 60 million CNY, with a price cap based on the average trading price [2] - Sike Rui proposes a buyback with a total amount between 30 million CNY and 50 million CNY, at a price not exceeding 80 CNY per share [2] - Longxin Zhongke also plans a buyback with a total amount between 30 million CNY and 50 million CNY, at a price not exceeding 128 CNY per share [2] Group 2 - Biyi Micro plans to repurchase shares with a total amount between 42 million CNY and 84 million CNY, at a price not exceeding 78 CNY per share [3] - Dongjian Technology's major shareholder plans to increase holdings between 10 million CNY and 20 million CNY without a price range [3] - Bangjie shares have adjusted their planned increase in holdings from 30 million CNY to 60 million CNY to a new range of 35 million CNY to 70 million CNY [3] Group 3 - The effectiveness of these buyback and increase plans in attracting investor interest remains uncertain, as seen with Dongjian Technology's recent share reduction plans [4] - Dongjian Technology's shareholders have previously reduced their holdings by 6.15 million shares, representing 1.46% of total shares, and have announced new reduction plans [4]

智通财经APP获悉，华安证券发布研报称，德州仪器将在8月启动新一波涨价，幅度超过6月，若特定料 号TI涨价幅度较大，且国产模拟芯片厂商愿意维持价格(不跟进TI涨价)或进一步降价，则在一段时间验 证后的新品量产中也可进行国产替代，TI目前涨价将使得公司保障其现有财务表现但牺牲产品份额。该 行认为国产模拟芯片厂商将有更多机会实现在工业和汽车应用领域，以及高端消费领域的国产替代。 模拟芯片领域相关公司包括：思瑞浦(688536.SH)、杰华特(688141.SH)、圣邦股份(300661.SZ)、纳芯微 (688052.SH)、艾为电子(688798.SH)、希荻微(688173.SH)、必易微(688045.SH)、南芯科技(688484.SH) 等。 华安证券主要观点如下： 德州仪器料号涨价，幅度或将超过6月 根据国际电子商情综合报道，TI将在8月启动新一波涨价，幅度超过6月，重点涉及工控类、车载类、以 及算力相关芯片产品，覆盖LDO(低压差线性稳压器)、DC-DC(直流-直流转换器)、数字隔离、隔离驱动 等品类。而且调价范围不仅涉及终端客户，还覆盖了除超级大客户外的几乎所有客户群体，且价格上调 将通过代理商传 ...