Group 1 - The core viewpoint of the news is the strong performance of the Sci-Tech Innovation Chip ETF (华宝, 589190), which saw a price increase of 2.72% on its first day and continued to rise by over 1.5% on the second day, indicating a bullish trend in the semiconductor sector [1][7]. - The ETF includes 50 stocks related to semiconductor materials, equipment, design, manufacturing, packaging, and testing, with over 90% of its weight in core areas like integrated circuits and semiconductor equipment, showcasing a comprehensive layout in the chip industry [3][10]. - The index tracked by the ETF has shown significant annualized returns of 17.93% since its inception, outperforming similar indices and demonstrating a better risk-reward ratio [12][13]. Group 2 - Key stocks within the ETF, such as 燕东微, 纳芯微, and 艾为电子, have shown strong gains, with 燕东微 leading with an increase of over 10% [1][7]. - Recent advancements in chip technology, such as a new chip developed by Peking University's AI Institute, have demonstrated a 12-fold increase in computing speed and over 228 times improvement in energy efficiency compared to current digital chips, indicating ongoing innovation in the sector [10][12]. - Positive signals from major overseas semiconductor companies, like Texas Instruments, indicate a strong recovery in demand for analog chips and microcontrollers, driven by the booming AI data center construction [3][10].

纳芯微(02676)涨超133%，截至发稿，涨13.31%，报160港元，成交额3607.55万港元。 消息面上，继存储芯片接连涨价后，芯片涨价的公司、品类都在扩容。据上海证券报，记者从产业链了 解到，既存储芯片大幅涨价后，已有模拟芯片公司开始对部分产品进行涨价。公开资料显示，从2025年 底起，德州仪器、ADI等国际模拟公司开始对部分产品陆续启动涨价，涨价品类对应的下游应用领域主 要为AI服务器、汽车电子等。值得一提的是，德州仪器最新给出的强劲展望，凸显模拟芯片订单回 升。 弗若斯特沙利文资料显示，2024年按模拟芯片收入计，纳芯微在中国模拟芯片厂商中位列第五，同时也 是国内前十厂商里唯一重点布局传感器、信号链芯片、电源管理芯片三大产品线的企业。开源证券此前 研报指出，2026年随下游需求持续复苏及AI资本开支维持高景气，国内模拟需求及价格亦存在上行机 会。 ...

Core Viewpoint - Naxin Micro (02676) has seen a significant increase in stock price, rising over 133% and currently trading at 160 HKD, with a transaction volume of 36.08 million HKD, indicating strong market interest and potential growth in the semiconductor sector [1] Group 1: Price Trends and Market Dynamics - Following substantial price increases in memory chips, the trend of rising prices is expanding to other chip categories, including analog chips [1] - Starting from the end of 2025, major international analog companies like Texas Instruments and ADI are set to increase prices for certain products, particularly in applications related to AI servers and automotive electronics [1] - Texas Instruments has provided a strong outlook, highlighting a rebound in orders for analog chips [1] Group 2: Company Positioning and Market Share - According to Frost & Sullivan, Naxin Micro ranks fifth among Chinese analog chip manufacturers in terms of revenue for 2024, and is the only company in the top ten that focuses on sensor, signal chain, and power management chip product lines [1] - A report from Open Source Securities indicates that as downstream demand continues to recover and AI capital expenditures remain high, there are upward opportunities for domestic analog demand and pricing by 2026 [1]

Group 1 - The semiconductor sector in Hong Kong has seen a collective surge, with notable increases in stock prices for companies such as Naxin Micro, which rose over 13% to reach a historical high, and others like Zhaoyi Innovation and Huahong Semiconductor also experiencing significant gains [1] - Two semiconductor companies, Zhongwei Semiconductor and Guokai Micro, have issued price increase notices, indicating that certain chip products will see price hikes ranging from 15% to 80% [1] - Zhongwei Semiconductor has decided to adjust prices for MCU and Norflash products by 15% to 50%, while Guokai Micro announced price increases of 40% for 512Mb KGD products, 60% for 1Gb KGD products, and 80% for 2Gb KGD products starting in January [1] Group 2 - Analysts suggest that the current round of price increases is beneficial for upstream design and storage companies like Zhongwei Semiconductor and Guokai Micro, potentially improving their performance [1] - However, these price hikes may impose cost pressures on downstream manufacturers, which could ultimately lead to higher prices for electronic products for consumers [1]

Core Insights - Naxin Micro has formed a strategic partnership with RT-Thread to enhance the integration of domestic chips and autonomous operating systems in the real-time control MCU sector, aiming to drive innovation in high-end manufacturing [1][5] Group 1: Strategic Collaboration - The collaboration focuses on the NSSine™ series real-time control MCU/DSP platform, facilitating comprehensive cooperation from underlying technology adaptation to ecosystem co-construction [1][4] - Both companies will leverage their hardware and software strengths to create integrated solutions that empower industrial automation, digital power, and automotive electronics [1][4] Group 2: NSSine™ Series Development - The NSSine™ series has achieved significant development since its launch in 2024, establishing a complete product matrix covering entry-level, mid-range, and high-end segments [2] - The series includes the entry-level NS800RT1, mid-range NS800RT3/5, and high-end dual-core 400MHz NS800RT7, enabling high-performance experiences at competitive prices [2] Group 3: Ecosystem and Service Enhancement - The partnership aims to lower customer development barriers and accelerate solution implementation through a comprehensive service system [4][6] - Tools like the self-developed free IDE NovoStudio will facilitate quick migration for customers, significantly reducing development costs and time to market [4] - The collaboration will also ensure stable delivery and rapid iteration through Naxin Micro's domestic supply chain system, supporting long-term partnerships [4] Group 4: Market Recognition and Future Outlook - Naxin Micro's advancements in the real-time control MCU field have gained recognition from leading clients in core sectors such as photovoltaic, energy storage, and industrial control [5] - The partnership is expected to create a more stable, open, and efficient solution for developers and enterprise users, driving industry innovation [5][6]

（一） 股东会召开的时间：2026 年 1 月 26 日 （二） 股东会召开的地点：公司会议室（苏州工业园区东荡田巷 9 号） | 其中：A | 股股东所持有表决权数量占公司表决权数量的比例 | 41.0543 | | --- | --- | --- | | （%） | | | | | 境外上市外资股所持有表决权数量占公司表决权数量的 | 1.0423 | | 比例（%） | | | 证券代码：688052 证券简称：纳芯微 公告编号：2026-006 苏州纳芯微电子股份有限公司 2026年第一次临时股东会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 318 | | --- | --- | | 普通股股东人数 | 318 | | 股股东人数 其中：A | 317 | | 境外上市外资股股东人数 | 1 | ...

北京市嘉源律师事务所 关于苏州纳芯微电子股份有限公司 2026 年第一次临时股东会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 北京 BEI JING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:苏州纳芯微电子股份有限公司 北京市嘉源律师事务所 关于苏州纳芯微电子股份有限公司 2026年第一次临时股东会的 法律意见书 师事务 P 嘉源(2026)-04-042 北京市嘉源律师事务所(以下简称"本所")接受苏州纳芯微电子股份有限 公司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效的法 律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《苏州纳 芯微电子股份有限公司章程》(以下简称"《公司章程》")的有关规定,指派本所 律师对公司 2026年第一次临时股东会(以下简称"本次股东会")进行见证,并 依法出具本法律意见书。 为出具本法律意见书,本所指派律师现场见证了本次股东会, ...

Core Insights - The semiconductor industry is experiencing significant growth driven by the demand for artificial intelligence, with many companies projecting strong earnings for 2025 [1][2][3][4]. Industry Performance - The semiconductor market is recovering globally, with companies like ShenGong Co. expecting a net profit of 90 million to 110 million yuan for 2025, representing a year-on-year increase of 118.71% to 167.31% [2]. - Shannon Chip expects a net profit of 480 million to 620 million yuan for 2025, with a growth rate of 81.77% to 134.78%, driven by increased demand for enterprise-level storage products due to the rise of generative AI [3]. - Zhongwei Company anticipates a revenue of approximately 12.385 billion yuan for 2025, a year-on-year increase of about 36.62%, and a net profit of 2.08 billion to 2.18 billion yuan, reflecting a growth of 28.74% to 34.93% [4]. R&D Driven Growth - Companies are increasing R&D investments to support growth, with Allwinner Technology projecting a net profit of 251 million to 295 million yuan for 2025, a growth of 50.53% to 76.92% [5]. - Juchip Technology expects a revenue of 922 million yuan for 2025, a year-on-year increase of 41.44%, and a net profit of 204 million yuan, up 91.40% [6]. Institutional Focus on Sustainability - Institutions are closely monitoring semiconductor companies for their AI-related orders and earnings sustainability, with companies like Chip Origin reporting a record new orders of 2.494 billion yuan in Q4 2025, with over 84% related to AI computing [7]. - Companies are also providing products for AI servers and humanoid robots, indicating a broadening application of semiconductor technologies in various sectors [7]. Industrial AI Development - The domestic industrial AI sector is expected to accelerate, with advancements in AI applications across design, manufacturing, and management processes, as reported by Shanxi Securities [8].

Core Viewpoint - The company aims to enhance overseas delivery efficiency through localized operations in multiple regions and deepen collaboration with international clients across all product categories [1] Group 1: Localization and Operations - The company has established sales networks in Europe, Japan, and South Korea [1] - The company has achieved mass production with certain target clients in Europe, covering several leading global automotive Tier 1 suppliers [1] - Multiple clients in East Asia have also completed the introduction of mass production [1]

Core Viewpoint - The company, Naxin Micro, is actively involved in providing products for AI servers and humanoid robots, indicating a strong position in emerging technology sectors [1] Group 1: AI Server Products - The company offers various products for AI servers, including driver chips, isolation chips, and MCUs for power supply units (PSUs) [1] - Some of these products are already in mass production for domestic and international server power supply customers [1] Group 2: Humanoid Robot Applications - The company's magnetic encoders enable precise motion control in robotic hands [1] - Various sensors, power products, and interfaces provided by the company facilitate perception and communication functions in humanoid robots [1] - The company's power products, current sensors, and temperature sensors can also be utilized in battery management systems (BMS) for power batteries [1]