Core Points - The company announced the first vesting results of the 2024 restricted stock incentive plan, with a total of 925,840 shares to be vested [1][4] - The shares for this vesting come from the company's repurchase of its A-share common stock from the secondary market [1][5] Group 1: Decision Process and Disclosure - The company has completed the necessary decision-making procedures and disclosed relevant information regarding the incentive plan [1] - The board and the supervisory committee have approved various proposals related to the incentive plan, including the draft and management measures [2][4] Group 2: Vesting Details - A total of 117 individuals are eligible for the vesting, with 92,584 shares being vested, representing 38.90% of the total granted shares [3][4] - Among the 123 initial grantees, two individuals left the company and their unvested shares were canceled [4] Group 3: Financial and Registration Information - The total monetary contribution received from the 117 grantees for the vested shares amounts to CNY 16,752,040 [5] - The registration procedures for the vested shares have been completed, and the company's total share capital remains unchanged [5]

重要内容提示： 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司有关业务规则的规定，炬芯科技股份有限公司（以下简称"公司"）于近 日收到中国证券登记结算有限责任公司出具的《过户登记确认书》，公司已完成 2024 年限制性股票激励计划首次授予部分第一个归属期第一次股份归属登记工作。 现将相关情况公告如下： 一、 本次限制性股票激励计划已履行的决策程序和信息披露情况 证券代码：688049 证券简称：炬芯科技 公告编号：2025-046 炬芯科技股份有限公司 关于 2024 年限制性股票激励计划首次授予部分第一个 归属期第一次归属结果公告 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。 4、2024 年 7 月 8 日，公司召开 2024 年第二次临时股东大会，审议并通过了 《关于<2024 年限制性股票激励计划（草案）>及其摘要的议案》《关于制定<2024 年限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大会授权董事 会办理 2024 年限制性股票激励计划相关事宜的议案》。2024 年 ...

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。 重要内容提示： 炬芯科技股份有限公司（以下简称"公司"）2024 年度利润分配拟每 10 股 派发现金红利 2.30 元（含税）不变，调整现金分红总额由人民币 33,308,237.98 元（含税）调整为 33,385,932.90 元（含税）。 公司 2024 年度拟向全体股东每 10 股以资本公积转增 2 股不变，转增股本的 数量由 28,963,685 股调整为 29,031,246 股（最终以中国证券登记结算有限责任 公司上海分公司登记结果为准）。 本次调整原因：自公司 2024 年度利润分配及资本公积转增股本方案披露之 日起至本公告披露日，公司通过上海证券交易所交易系统以集中竞价方式实施股 份回购以及 2024 年限制性股票激励计划首次授予部分第一个归属期第一次归属 完成，归属股份 925,840 股，股票来源于公司回购专用证券账户回购的股票。公 司总股本扣除公司回购专用证券账户中股份的基数由 144,818,426 股调整为 145,156,230 股。公司拟维持 ...

Core Viewpoint - The Shanghai Smart Home Index has shown positive performance, with significant increases over various time frames, indicating a growing interest and investment in the smart home sector [2]. Group 1: Index Performance - The Shanghai Smart Home Index has increased by 5.01% over the past month, 3.70% over the past three months, and 8.44% year-to-date [2]. - The index is based on a sample of publicly listed companies in the smart home sector, including component manufacturers, terminal device manufacturers, system integrators, and service providers [2]. Group 2: Index Composition - The top ten weighted companies in the Shanghai Smart Home Index include Industrial Fulian (2.6%), Ecovacs (2.59%), Cambridge Technology (2.25%), and others, reflecting a diverse range of companies within the smart home industry [2]. - The index is composed entirely of companies listed on the Shanghai Stock Exchange, with a sector breakdown of 60.15% in Information Technology, 21.89% in Consumer Discretionary, 12.21% in Communication Services, and 5.74% in Industrials [3]. Group 3: Index Adjustment Mechanism - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [3]. - Weight factors are generally fixed until the next scheduled adjustment, with provisions for temporary adjustments in special circumstances such as delisting or corporate restructuring [3].

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 14.265 billion yuan, while the Sci-Tech Innovation Board saw a net inflow of 722 million yuan [1] - A total of 257 stocks had net inflows, while 332 stocks had net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 379 stocks rose, with two stocks hitting the daily limit up, including Puyuan Information and Awei New Materials, while 200 stocks declined [1] - The top three stocks with the highest net inflow of funds were Cambrian Technology (76.922 million yuan), Haiguang Information (11.294 million yuan), and Hengxuan Technology (8.704 million yuan) [2] Continuous Fund Flow - There are 56 stocks that have seen continuous net inflows for more than three trading days, with Zhongkong Technology leading at seven consecutive days [2] - Conversely, 136 stocks have experienced continuous net outflows, with Guanda Materials leading at 18 consecutive days [2] Key Stocks with Fund Inflows - Cambrian Technology: 76.922 million yuan net inflow, 13.66% inflow rate, and a 4.90% increase [2] - Haiguang Information: 11.294 million yuan net inflow, 5.21% inflow rate, and a 0.63% increase [2] - Hengxuan Technology: 8.704 million yuan net inflow, 9.51% inflow rate, and a 0.63% increase [2] Key Stocks with Fund Outflows - Juchip Technology: 9.357 million yuan net outflow, with a 3.22% decrease [1] - SMIC: 8.240 million yuan net outflow [1] - Sitaiwei: 6.821 million yuan net outflow [1]

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [22]. Core Views - The company is projected to achieve a revenue of 449 million yuan in the first half of 2025, representing a year-on-year increase of 60.07%, and a net profit of 91 million yuan, reflecting a year-on-year growth of 122.28% [1]. - The second quarter of 2025 is expected to see revenues of 257 million yuan, up 58.64% year-on-year and 33.91% quarter-on-quarter, with a net profit of 50 million yuan, marking a year-on-year increase of 52.91% [1]. - The company is focusing on the commercialization of its CIM edge products, driven by strong demand for low-power, high-performance edge devices in the AI sector [7]. Financial Summary - Total revenue is forecasted to grow from 652 million yuan in 2024 to 1.663 billion yuan by 2027, with a compound annual growth rate (CAGR) of 30.4% [3]. - Net profit is expected to increase from 107 million yuan in 2024 to 354 million yuan in 2027, with a CAGR of 33.9% [3]. - The earnings per share (EPS) is projected to rise from 0.73 yuan in 2024 to 2.42 yuan in 2027 [3]. - The company’s price-to-earnings (P/E) ratio is estimated to decrease from 78 times in 2024 to 23 times in 2027, indicating improving valuation [3]. Product Development and Market Position - The company is a leading low-power AIoT chip designer, focusing on the mid-to-high-end smart audio SoC market, and is a major supplier for Bluetooth audio SoCs [7]. - The introduction of the MMSCIM architecture is aimed at meeting the growing demand for low-power edge AI products, with significant advancements in product penetration and sales growth [7]. - The company has successfully launched several AI audio chips and is actively working on the second generation of CIM technology to enhance performance and efficiency [7].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a record high in Q2 2025, with revenue of 258 million yuan, representing a year-on-year increase of 59% and a quarter-on-quarter increase of 35%. The net profit attributable to the parent company reached 50 million yuan, up 53% year-on-year and 20% quarter-on-quarter, indicating strong growth driven by AI technology [8] - The company is heavily investing in R&D, with over 70 million yuan allocated in Q2 2025, marking significant growth compared to previous periods. The focus is on developing the second-generation in-memory computing chip technology [8] - The transformation of edge products towards AI has shown impressive results, with strong downstream demand. The company has successfully introduced its first-generation in-memory computing technology into various leading brands, leading to significant sales growth [8] Financial Forecasts - Revenue projections for 2025-2027 have been slightly adjusted to 9.25 billion yuan, 11.87 billion yuan, and 14.85 billion yuan respectively, with net profit forecasts of 1.9 billion yuan, 2.7 billion yuan, and 3.7 billion yuan for the same years. The corresponding P/E ratios are 44, 31, and 22 [8][9]

Key Points - Zhongsheng Gaoke is planning a change in company control, with a potential transfer of 22.35% of shares at a valuation of 2.5 billion yuan, leading to a stock suspension starting July 16, 2025 [3][4] - Yanshan Technology's subsidiary is participating in a partnership to invest 41.64 million yuan in a fund that will ultimately invest in Bytedance Ltd [5] - Sanyuan Bio received an initial ruling of a 450.64% anti-dumping duty from the US Department of Commerce on erythritol, prompting a shift in sales strategy towards domestic markets [6] - Chutianlong is exploring digital currency projects but faces risks related to new technology development and commercial application [7] - Bertley is establishing a partnership to invest in humanoid robots and other emerging sectors, committing 198 million yuan [8] - China Merchants Highway's chairman resigned due to reaching retirement age [9] - Tibet Summit's controlling shareholder is under investigation for information disclosure violations, but it will not affect the company's operations [10][11] - ST Weir plans to acquire 51% of Zijiang New Materials for 546 million yuan, entering the lithium battery materials sector [12] - ST Yazhen's stock will be suspended for three days due to abnormal trading fluctuations [13] - Dahua Technology's subsidiary is shifting its listing to the Hong Kong Stock Exchange [14] Performance Forecasts - Zhongji Xuchuang expects a net profit increase of 52.64% to 86.57% for the first half of 2025, driven by strong demand for high-end optical modules [15] - Juchip Technology anticipates a 122.28% increase in net profit for the same period, benefiting from successful AI audio chip promotions [16] - Sitwei forecasts a net profit growth of 140% to 180%, with significant revenue increases from smartphone collaborations [17] - Tianyu Co. expects a net profit increase of 144.29% to 238.25%, aided by improved product structure and market strategies [18] - Jinli Yongci predicts a net profit growth of 151% to 180%, focusing on renewable energy and related sectors [19] - Blue Ocean Huaten expects a net profit increase of 152.76% to 190.68%, driven by growth in the new energy heavy truck market [20] - Maiqu'er anticipates a turnaround with a net profit of 1.4 million to 2 million yuan, compared to a loss in the previous year [21] - China Galaxy expects a net profit increase of 45% to 55%, with growth across various business segments [23] - Baicheng Pharmaceutical forecasts a significant decline in net profit, down 95.53% to 100% [24] Major Contracts - Jincheng signed a contract worth approximately 52.98 million USD for underground mining operations in the Democratic Republic of Congo [25] - ST Yundong entered a strategic cooperation agreement for drone development and investment with two companies [26] - Changgao Electric New's subsidiary won contracts totaling 445 million yuan from the State Grid [27] Shareholding Changes - Angli Education plans to reduce its repurchased shares by up to 573.1 million shares [28][29] - Lingzhi Software's shareholders plan to collectively reduce their holdings by up to 2.11% [30] - Founder Technology's major shareholder intends to reduce its stake by up to 2.27% [31] - Zhongfu Shenying's shareholder plans to reduce its stake by up to 1% [32] - Hangzhou Bank's shareholder intends to reduce its stake by up to 0.7% [33] - Haoyun Technology's chairman plans to reduce his stake by up to 400,000 shares [34] Financing Activities - Yuanwang Valley plans to raise up to 300 million yuan through a private placement for RFID production line projects and working capital [35]

Suspension - Sinochem International plans to issue shares to acquire 100% equity of Nantong Xingchen, resulting in stock suspension [1] - Zhongsheng High-Tech is planning a change in company control, leading to stock suspension [2] Private Placement - Yuanwanggu plans to raise no more than 300 million yuan through private placement for the construction of RFID electronic tag production line, Xi'an Innovation Industrial Center, RFID electronic tag chip process upgrade, and to supplement working capital [3] Share Buyback and Increase - Ciwen Media has repurchased 31,700 shares of the company for the first time [4] - Qianyuan Power's controlling shareholder has increased its stake by 0.85% [5] External Investment and Daily Operations - Yanshan Technology's wholly-owned subsidiary Hainan Ruihong is jointly investing in Jiaxing Lanjing with Guoce Investment and others, with the fund directed towards Bytedance Ltd [6] - Bafang Co. plans to cancel 50,000 shares [7] - Bertley intends to invest 198 million yuan in a partnership enterprise, primarily for investing in high-growth unlisted companies in the humanoid robot sector [7] Performance Changes - Juxin Technology expects a net profit of 91 million yuan for the first half of the year, a year-on-year increase of 122.28%, driven by AI technology and increased market demand [8] - Jinli Permanent Magnet anticipates a net profit of 230 million to 265 million yuan, a year-on-year growth of 151% to 180%, focusing on electric vehicles and collaborating with international tech companies [8] - Tianyu Co. expects a net profit of 121 million to 171 million yuan, a year-on-year increase of 144.29% to 238.25%, through optimized product structure and cost control [8] - Guangku Technology forecasts a net profit of 48.56 million to 54.63 million yuan, a year-on-year growth of 60% to 80%, due to technological innovation and new product launches [8] - Sitwei anticipates a net profit of 360 million to 420 million yuan, a year-on-year increase of 140% to 180%, with deepened cooperation in the smartphone sector [8] - Daoshi Technology expects a net profit of 220 million to 238 million yuan, a year-on-year increase of 98.77% to 115.03%, with expanded overseas business and increased production capacity [8] - China Galaxy anticipates a net profit of 6.362 billion to 6.801 billion yuan for the first half of the year, a year-on-year increase of 45% to 55%, with growth in investment trading and wealth management [9] - Haineng Industrial expects a net profit of 64 million to 74 million yuan, a year-on-year increase of 92% to 122%, driven by recovering demand in the consumer electronics market [9] - Zhongji Xuchuang forecasts a net profit of 3.6 billion to 4.4 billion yuan, a year-on-year increase of 52.64% to 86.57%, due to strong capital expenditure and sales growth in high-end optical modules [9]

7月15日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者参 考。 【品大事】 中晟高科：筹划公司控制权变更事项 股票明起停牌 中晟高科(002778)公告，公司收到控股股东苏州市吴中金融控股集团有限公司及其一致行动人苏州吴中 区天凯汇达股权投资合伙企业（有限合伙）（以下简称"天凯汇达"）的通知，天凯汇达正在筹划拟以上 市公司市值25亿的价格对外转让其所持公司22.35%股份事宜，该事项可能导致公司控制权发生变更。 本次交易对手方为福州千景投资有限公司，系其实际控制人翁声锦与何从夫妇主要从事投资业务的平台 公司。公司股票自2025年7月16日开市起停牌，预计停牌时间不超过2个交易日。 岩山科技：全资子公司参与设立合伙企业 将以股权形式最终投向Bytedance Ltd. 岩山科技(002195)公告，全资子公司海南瑞弘于近日与上海国策投资管理有限公司、上海子璟商务信息 管理中心、上海起铭信息科技有限公司共同参与投资嘉兴澜晟创业投资合伙企业（有限合伙），并签署 了《嘉兴澜晟创业投资合伙企业（有限合伙）合伙协议》。合伙企业的认缴出资总额为4164万元，公司 全资子公司海南瑞弘作为有 ...