Core Viewpoint - The company, Suzhou Naxin Microelectronics Co., Ltd., is set to hold a performance briefing for the third quarter of 2025 on December 1, 2025, to discuss its operational results and financial status with investors [2][3]. Group 1: Meeting Details - The performance briefing will take place on December 1, 2025, from 15:00 to 16:00 [4]. - The location for the meeting is the Shanghai Stock Exchange Roadshow Center, accessible online [4]. - The meeting will be conducted in an interactive online format, allowing for real-time communication with investors [3][4]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date and time [5]. - A pre-collection of questions from investors will be open from November 24 to November 28, 2025, allowing them to submit inquiries via the website or email [5]. - The company will address commonly asked questions during the briefing [5]. Group 3: Company Representatives - Key personnel attending the meeting include the Chairman and General Manager, Wang Shengyang, the Board Secretary, Jiang Chaoshan, the Chief Financial Officer, Zhu Ling, and the Independent Director, Hong Zhiliang [4].

证券代码：688052 证券简称：纳芯微 公告编号：2025-049 苏州纳芯微电子股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 12 月 1 日（星期一）15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 24 日 （星期一） 至 11 月 28 日 （星期五）前 登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 ir@novosns.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 苏州纳芯微电子股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日 在《上海证券报》《证券日报》及上海证券交易所网站（www.ss ...

苏州纳芯微电子股份有限公司 2025 年第三次临时股东大会会议资料 证券代码：688052 证券简称：纳芯微 苏州纳芯微电子股份有限公司 2025 年第三次临时股东大会 会议资料 二〇二五年十一月 1 / 14 苏州纳芯微电子股份有限公司 2025 年第三次临时股东大会会议资料 苏州纳芯微电子股份有限公司 2025 年第三次临时股东大会会议资料目录 | 2025 | 年第三次临时股东大会会议须知 3 | | --- | --- | | 2025 | 年第三次临时股东大会会议议程 5 | | 2025 | 年第三次临时股东大会会议议案 7 | | 议案一 | 《关于取消公司监事会并修订<公司章程>的议案》 7 | | 议案二 | 《关于修订及制定公司部分治理制度的议案》 8 | | 议案三 | 《关于修订公司于 股发行上市后适用的<公司章程（草案）>及相关议事规则（草 H | | | 案）的议案》 9 | 苏州纳芯微电子股份有限公司 2 / 14 苏州纳芯微电子股份有限公司 2025 年第三次临时股东大会会议资料 2025 年第三次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效 ...

Group 1 - Yang Guofu's mung bean sprouts are priced at 2.88 yuan for 50g, equating to 28.8 yuan per kilogram, which is significantly higher than Sam's Club's organic mung bean sprouts priced at 9.9 yuan for 600g, or 8.25 yuan per kilogram [5] - Many hot pot restaurants price their vegetables above 25 yuan per kilogram, with some premium items reaching as high as 100 yuan per kilogram [5] - Yang Guofu's hot pot stores have a uniform pricing of 26.8 yuan per kilogram for both meat and vegetables, while Zhang Liang's hot pot store charges 25.8 yuan per kilogram [5] Group 2 - Vanke announced a loan framework agreement with its major shareholder, Shenzhen Metro Group, for a maximum loan of 22 billion yuan, aimed at repaying bonds and interest [7] - Vanke reported a third-quarter revenue of 56.07 billion yuan, a year-on-year decline of 27.3%, and a net loss attributable to shareholders of 16.07 billion yuan, a 98% increase in losses compared to the previous year [7] Group 3 - Starbucks announced a joint venture with Boyu Capital to operate its retail business in China, with Boyu holding up to 60% of the joint venture [10] - The new joint venture will manage and operate approximately 8,000 Starbucks stores in China, with plans to expand to 20,000 stores in the future [10] Group 4 - Xiaomi's former executive Wang Teng announced his departure from the mobile industry to explore opportunities in the technology and health sectors [9] - The "2025 New Quality Productivity AI + Medical Innovation Application Competition" was held in Shanghai, focusing on AI applications in preventive medicine and chronic disease management [9] Group 5 - OpenAI signed a strategic partnership with Amazon Web Services (AWS) worth $38 billion to provide cloud computing infrastructure for its AI operations [23] - Microsoft plans to invest nearly $8 billion in AI cloud infrastructure in the UAE by 2029 [23]

Core Insights - Suzhou Naxin Microelectronics Co., Ltd. reported a significant increase in revenue for the third quarter of 2025, achieving approximately 2.366 billion yuan, which represents a year-on-year growth of 73.18% [1] - The company's revenue for the third quarter alone reached 842 million yuan, marking a year-on-year increase of 62.81% [1] Company Performance - The company has established deep collaborations with nearly 400 core suppliers in the new energy vehicle (NEV) sector, particularly in the three core areas of electric vehicles [1] - Naxin Microelectronics has received multiple honors, including "2025 Excellent Supplier of Automotive Chips in China" and "2025 Top 100 New Automotive Supply Chain in China" [1]

Group 1 - The core point of the news is the performance and financial metrics of Suzhou Naxin Microelectronics Co., Ltd., which experienced a 5.02% decline in stock price, reaching 163.43 CNY per share, with a total market capitalization of 23.293 billion CNY [1] - The company focuses on the research and sales of high-performance and high-reliability analog integrated circuits, with revenue composition as follows: signal chain products 38.45%, power management products 34.09%, sensor products 27.11%, and others 0.35% [1] Group 2 - From the perspective of fund holdings, HSBC Jintrust Fund has a significant position in Naxin Micro, with its fund HSBC Jintrust Pearl River Delta Mixed Fund (004351) holding 27,000 shares, accounting for 3.59% of the fund's net value, ranking as the sixth-largest holding [2] - The fund has reported a floating loss of approximately 233,000 CNY as of the latest data [2] - The HSBC Jintrust Pearl River Delta Mixed Fund was established on June 2, 2017, with a current scale of 151 million CNY, and has achieved a year-to-date return of 45.35%, ranking 1365 out of 8223 in its category [2]

纳芯微 20251031 摘要 纳芯微受益于下游市场需求增长，尤其在汽车和泛能源领域表现突出， 传感器业务收入占比已接近 27%至 28%。 公司产品矩阵丰富，覆盖传感器、信号链和电源管理芯片等，聚焦汽车 和泛能源等高壁垒市场，通过技术积累和产品迭代保持竞争力。 纳芯微与国内主要新能源车厂合作，单车价值量已超 1,300 元，预计未 来两三年内达 3,000 元，主要增长点在隔离应用和车身电子、照明等领 域。 泛能源市场中，AI 服务器电源需求拉动隔离产品增长，储能和光伏储能 市场复苏，地面电站相关的大型储能逆变器需求大幅增加。 工业自动化板块随宏观经济恢复增长，消费电子领域聚焦新兴应用场景， 麦格恩磁传感器对营收贡献显著。 公司境外营收占比约 15%，主要收入来自国内市场，受益于国产化趋势， 客户积极寻求国产替代品。 公司在碳化硅 MOSFET 方面已开始小批量出货，氮化镓方面正开发相关 驱动产品，并与联电合作开发集成化产品。 Q&A 2025 年前三季度，纳芯微公司的营收达到了 23.66 亿元，尽管归母净利润仍 处于亏损状态，大约为-1.4 亿元。公司营收保持高速增长，主要得益于下游市 场的需求，尤其是 ...

Core Viewpoint - Naxin Micro is entering the MCU market with a focus on real-time control MCUs, differentiating itself from the highly competitive general MCU market [1][3]. Group 1: Market Entry and Strategy - Naxin Micro aims to create a competitive real-time control MCU ecosystem, leveraging its unique position as the only company offering a full range of C2000 PIN-to-PIN compatible products [3][4]. - The company has identified high barriers to entry in the real-time control MCU market, which has been dominated by TI for over a decade, due to specialized application scenarios and stringent reliability requirements [3][4]. - Naxin Micro's strategy includes targeting the mid-range market first, as it has the broadest application scenarios, particularly in areas requiring real-time performance [8][10]. Group 2: Product Development and Ecosystem - Naxin Micro has developed a comprehensive ecosystem for its MCUs, including development tools, application solutions, and software support, to facilitate customer adoption [4][6]. - The company has created a self-developed development environment, NovoStudio, based on open-source GCC and Eclipse architecture, to meet diverse customer needs [4]. - Naxin Micro's real-time control MCUs are designed with a focus on compatibility and ease of migration for customers, aiming for minimal changes in hardware and software during the transition [5][6]. Group 3: Market Focus and Customer Collaboration - The core markets for Naxin Micro's real-time control MCUs include digital power and motor control, with applications in industrial and automotive sectors [8][9]. - The company has successfully entered the mass supply phase for its MCUs in the wind and solar energy inverter and industrial motor drive sectors, with automotive electronics expected to follow soon [9][10]. - Naxin Micro benefits from existing relationships with customers who already use its analog products, facilitating quicker adoption of its MCU offerings [9][10]. Group 4: Product Architecture and Performance - Naxin Micro has established a product lineup across low-end, mid-range, and high-end segments, all utilizing the Arm Cortex-M7 core to ensure high performance and real-time capabilities [12][14]. - The company’s strategy of using the Cortex-M7 core across all product tiers allows for a consistent performance level, even in lower-end products, enhancing value for customers [13][14]. - Naxin Micro's eMath core provides significant computational advantages, particularly in applications requiring complex mathematical operations, positioning it competitively against established players like TI [18][19]. Group 5: Future Outlook and Long-term Commitment - Naxin Micro has outlined a long-term business plan for its MCU segment, with a focus on integrating AI capabilities into future products, targeting edge AI and real-time control applications [20][21]. - The company recognizes that the transition to real-time control MCUs will be gradual, emphasizing the importance of deep understanding of application scenarios and overall system performance [21]. - Naxin Micro's accumulated experience in analog products provides a strong foundation for its MCU business, enabling faster market penetration and product iteration [10][21].

Group 1 - A total of 87 stocks were newly covered by institutions this week, with 14 stocks receiving target prices [1] - Naxin Micro was rated "Accumulate" by Guoyuan Securities with a target price of 207 CNY, while its latest closing price was 172.06 CNY [1] - Tengjing Technology received a "Buy" rating from Guojin Securities with a target price of 146.9 CNY, compared to its latest closing price of 109.63 CNY [1] Group 2 - Other notable stocks include Kingsoft Office, Desay SV, Dazhu CNC, and Northern Rare Earth, which were also mentioned in the report [1] - The report includes a detailed table of stocks with their respective institutions, research dates, latest ratings, target prices, and latest closing prices [2] - For instance, Kexin New Source was rated "Buy" by Guotai Junan Securities with a target price of 66.86 CNY, while its latest closing price was 42.73 CNY [2]

Core Viewpoint - Naxin Micro, a leading analog chip manufacturer in Suzhou, China, has re-submitted its application for listing on the Hong Kong Stock Exchange, aiming to raise funds for enhancing technology capabilities, expanding product offerings, and increasing overseas sales networks [6][22]. Financial Performance - Naxin Micro's revenue for 2022 was approximately 1.67 billion RMB, with a net profit of 250 million RMB. However, in 2023, the company reported a net loss of 305 million RMB [8][10]. - The company sold around 3 billion chips in 2022, with a significant increase in revenue in the first half of 2025, showing a year-on-year growth of 79.5% due to rising demand in automotive electronics and industrial automation [10][30]. Product Lines and Market Position - Naxin Micro operates three main product lines: sensor products, signal chain chips, and power management chips, with sensor products' revenue share increasing annually [11][18]. - In the Chinese analog chip market, Naxin Micro ranks fifth overall and first in automotive and digital isolation chips [22][25]. Market Trends and Growth - The Chinese analog chip market is projected to reach 195.3 billion RMB by 2024, with Naxin Micro expected to maintain a strong position in automotive electronics, contributing to 34% of total revenue in the first half of 2025 [22][32]. - The company has seen a compound annual growth rate of 36.4% in revenue from automotive electronics from 2022 to 2024 [33]. Research and Development Focus - Naxin Micro plans to prioritize the development of high-precision sensors tailored for automotive and energy applications, aiming to enhance its product matrix in the automotive sector [37][39]. - The company is also exploring emerging markets such as humanoid robotics, with plans to develop various high-performance products for this sector [40]. Customer Base and Revenue Distribution - The revenue from the top five customers has decreased from 43.8% in 2022 to an estimated 28.8% in 2025, indicating a diversification in the customer base [42][43]. - Naxin Micro's sales to its largest customer accounted for 16.6% of total revenue in 2023, reflecting a shift towards a broader customer distribution [44].