纳芯微公告，2025年上半年营业收入15.24亿元，同比增长79.49%。归属于上市公司股东的净亏损7801 万元，上年同期净亏损2.65亿元。 ...

Company Overview - Naxin Micro was established in 2013 and went public on the Sci-Tech Innovation Board in 2022 (688052.SH). The company submitted an application for H-share listing on the Hong Kong Stock Exchange in April 2025, aiming to raise funds for underlying technology upgrades, production line expansion, overseas sales network construction, and strategic investments, particularly in sensor companies [1]. - The company has developed automotive-grade chips that have been mass-produced for major manufacturers such as Dongfeng Motor, SAIC Maxus, BYD, and others, and has entered the supply chains of SAIC Volkswagen, FAW Group, and CATL [3]. Shareholder Information - As of the end of 2024, major shareholders include Wang Shengyang (10.86%) and Sheng Yun (10.12%), collectively holding 21% through a concerted action agreement. Notable pre-IPO shareholders include Xiaomi Changjiang, Shenzhen Capital Group, and a Middle Eastern sovereign fund. By Q1 2025, the top ten circulating shareholders included the National Social Security Fund and Hong Kong Central Clearing Limited [4]. Product and Operational Model - Naxin Micro's product range covers sensors, signal chains, and power management, with over 3,300 product models. Automotive-grade chips account for 36.88% of total sales, with products entering the supply chains of leading companies like BYD and NIO [5][6]. - The company operates on a fabless model, outsourcing wafer manufacturing to SMIC and TSMC, while packaging and testing are handled by Jiangsu Changjiang Electronics Technology Co. The sales model combines direct sales (40%) and distribution (60%), with major clients contributing 36.9% of revenue [6]. Financial Performance - Naxin Micro reported revenues of RMB 1.67 billion, RMB 1.31 billion, and RMB 1.96 billion for 2022, 2023, and 2024, respectively, with a 49.5% year-on-year growth in 2024. Q1 2025 revenue reached RMB 717 million, a 97.82% increase year-on-year, driven by growth in automotive electronics and recovery in consumer electronics and energy sectors [8][11]. - The company has experienced consecutive losses over the past two years, with net profits of RMB 250 million, -RMB 305 million, and -RMB 403 million for 2022, 2023, and 2024, respectively. R&D expenses accounted for 27.55% of revenue in 2024 [13]. Industry Competition Landscape - The global analog chip market is dominated by international giants such as Texas Instruments, ADI, and Infineon, which hold over 60% of the market share. A price war has emerged due to U.S. government subsidies allowing American companies to export chips to China at lower prices, impacting domestic manufacturers [17]. - Naxin Micro is positioned to benefit from a projected increase in domestic substitution rates in the automotive analog chip market, expected to rise from 5% to 20% by 2029 [18]. Competitive Advantages - Naxin Micro invests heavily in R&D, with 55% of its workforce dedicated to this area and a significant number of patents filed. The company has achieved a leading position in several segments, including automotive-grade chips and digital isolation chips [21][22]. - The company has established strong customer relationships, with a lengthy product development cycle that enhances customer stickiness. Major clients include BYD and NIO, with significant revenue contributions from these partnerships [23]. Future Outlook - Naxin Micro plans to expand into emerging fields such as eVTOL and humanoid robotics, and aims to acquire SiC manufacturers to enhance its ecosystem. The company targets a gross margin recovery to over 35% by 2025 through process iterations and scale procurement [35]. - The company is also focusing on increasing its overseas revenue share, which was 15.58% in 2024, with plans to reach 20% within three years. Collaborations with international partners are underway to enhance market penetration [36][37].

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 ...

金融界消息 截至2025年8月11日收盘，纳芯微（688052）报收于172.2元，上涨0.09%，换手率1.06%， 成交量1.52万手，成交金额2.63亿元。 天眼查商业履历信息显示，苏州纳芯微电子股份有限公司，成立于2013年，位于苏州市，是一家以从事 软件和信息技术服务业为主的企业。企业注册资本14252.8433万人民币，实缴资本600万人民币。公司 法定代表人为王升杨。 通过天眼查大数据分析，苏州纳芯微电子股份有限公司共对外投资了11家企业，参与招投标项目51次， 知识产权方面有商标信息35条，专利信息243条，此外企业还拥有行政许可16个。 来源：金融界 资金流向方面，今日主力资金净流出1414.59万元，占比成交额5.38%。其中，超大单净流出133.21万 元、占成交额0.51%，大单净流出1281.38万元、占成交额4.87%，中单净流出流出1377.35万元、占成交 额5.24%，小单净流入2791.95万元、占成交额10.61%。 纳芯微最新一期业绩显示，截至2025一季报，公司营业总收入7.17亿元、同比增长97.82%，归属净利润 5133.83万元，同比增长65.78%，扣非净利 ...

Core Viewpoint - Naxin Micro has emerged as a significant player in the sensor market, breaking the long-standing monopoly of overseas giants and establishing a new milestone for Chinese chip companies through its excellence in isolation devices and sensor signal conditioning chips [1][2]. Development History - Naxin Micro was founded in 2013 and launched its first three-axis accelerometer signal conditioning chip in 2014, followed by a pressure sensor signal conditioning chip in 2015 and an automotive-grade pressure sensor chip in 2016, marking its entry into the automotive electronics market [2]. - By 2018, Naxin Micro's automotive pressure sensor chips achieved mass production, with over 100 million automotive chips shipped by the time of its IPO in April 2022 [2][3]. - The company has continuously innovated its sensor products from 2019 to 2021, including the launch of MEMS pressure sensors and the second-generation magnetic sensor conditioning chips [2][3]. Product Lines and Market Coverage - Naxin Micro has developed three main product lines: pressure sensors, magnetic sensors, and temperature and humidity sensors, with over a thousand product variants [5][6]. - The pressure sensor product line covers 80% of the market, while magnetic and temperature/humidity sensors achieve full category market coverage, catering to diverse application scenarios [5][6]. Technological Advancements - Naxin Micro focuses on high-precision, high-performance sensor chips rather than traditional sensor module manufacturing, allowing it to leverage its semiconductor technology advantages [4][5]. - The company has achieved several "domestic firsts" in sensor development, including the first domestic small-sized integrated magnetic current sensor and the first functional safety ASIL B (D) AMR wheel speed sensor [6][7]. Strategic Collaborations and Acquisitions - Naxin Micro has formed a strategic partnership with Continental Group to co-develop automotive-grade pressure sensor chips, enhancing reliability and precision for automotive safety applications [7][8]. - The acquisition of Maguan, a company specializing in magnetic sensors, has expanded Naxin Micro's product offerings and positioned it as the only domestic company with a comprehensive range of magnetic sensor products [9]. Future Outlook - Naxin Micro aims to enhance its competitiveness in the sensor market through increased self-research efforts and product line expansion to meet diverse market demands [8][9]. - The company is well-positioned to leverage the rapid growth of the new energy vehicle and industrial sectors, providing critical technology support with its high-precision and reliable sensor chips [5][11].

Investment Rating - The industry investment rating is "Positive" (maintained) [6] Core Insights - TI is expected to initiate a new round of price increases in August, focusing on industrial control, automotive, and computing-related chip products, which may signal a turning point for the domestic analog sector as demand continues to recover [1][2][4] - The price increase by TI is anticipated to end the price war in the analog industry, allowing domestic analog companies to accelerate their market share growth [2][3] - The price hikes are primarily driven by industrial control and automotive products, with over 40% of industrial control products seeing price increases, benefiting platform-type analog companies [3][4] Summary by Sections - **Price Increase Impact**: TI's price increase is expected to alleviate price pressure in the analog sector, opening up upward potential for domestic companies as demand remains strong [4] - **Key Companies**: Notable companies in the sector include: - Naxin Micro: Leader in automotive-grade analog chips - Sirepu: Leader in industrial control analog chips - Shengbang Co.: Leader in platform-type analog chips - Jiewate: Leader in computing analog chips [5] - **Market Dynamics**: The report indicates that the domestic analog companies have been under pressure due to TI's price competition, but the current price adjustments may lead to improved profitability and market positioning [3][4]

Group 1 - The core viewpoint of the news is that Silver诺医药 is set to launch its IPO on the Hong Kong Stock Exchange, focusing on its weight loss drug and raising approximately HKD 610 million for clinical trials and commercialization [1][2] - The company plans to issue 36.56 million shares at a price of HKD 18.68 per share, with 10% allocated for public offering in Hong Kong and the remainder for international investors [1] - The company has secured cornerstone investors, including Junsheng and Ginkgo Fund, with a total subscription amount of USD 10 million (approximately HKD 78.5 million) [1] Group 2 - Silver诺医药, founded in 2014, specializes in innovative therapies for diabetes and metabolic diseases, with its lead product,依苏帕格鲁肽α, approved for treating type 2 diabetes [2] - The company has not recorded any revenue for the years 2023 and 2024, with R&D expenses of approximately HKD 492 million and HKD 103 million, and losses of HKD 733 million and HKD 175 million respectively [2] - As of May 31, 2025, the company generated revenue of HKD 38.14 million from sales of 依苏帕格鲁肽α in China [2]

（文章来源：每日经济新闻） 每经AI快讯，8月8日，汽车芯片指数午后跌幅扩大至2.01%，成分股普跌，东芯股份跌5.52%、纳芯微 跌3.72%、富瀚微跌3.64%。 ...

通过天眼查大数据分析，苏州纳芯微电子股份有限公司共对外投资了11家企业，参与招投标项目50次， 知识产权方面有商标信息35条，专利信息243条，此外企业还拥有行政许可16个。 来源：金融界 纳芯微最新一期业绩显示，截至2025一季报，公司营业总收入7.17亿元、同比增长97.82%，归属净利润 5133.83万元，同比增长65.78%，扣非净利润6436.13万元，同比增长59.55%，流动比率7.463、速动比率 5.985、资产负债率21.21%。 天眼查商业履历信息显示，苏州纳芯微电子股份有限公司，成立于2013年，位于苏州市，是一家以从事 软件和信息技术服务业为主的企业。企业注册资本14252.8433万人民币，实缴资本600万人民币。公司 法定代表人为王升杨。 金融界消息 截至2025年8月1日收盘，纳芯微（688052）报收于180.01元，上涨4.43%，换手率2.71%， 成交量3.86万手，成交金额6.90亿元。 资金流向方面，今日主力资金净流出3323.00万元，占比成交额4.81%。其中，超大单净流入458.76万 元、占成交额0.66%，大单净流出3781.76万元、占成交额5.48% ...

| 000820 | *ST节能 | 3.70 | 2.42 | 2.75 | 2.80 | 1.71 | | --- | --- | --- | --- | --- | --- | --- | | 301191 | 菲菱科 | 2.33 | 9.17 | 90.19 | 91.69 | 1.66 | | | 思 | | | | | | | 000681 | 视觉中 国 | 5.38 | 11.45 | 21.38 | 21.73 | 1.62 | | 002230 | 科大讯 飞 | 1.59 | 2.03 | 48.41 | 49.18 | 1.58 | | 300115 | 长盈精 密 | 9.87 | 13.64 | 22.57 | 22.93 | 1.58 | | 688766 | 普冉股 份 | 3.1 1 | 5.06 | 68.97 | 70.04 | 1.55 | | 688152 | 麒麟信 安 | 3.92 | 7.78 | 46.19 | 46.88 | 1.50 | | 301210 | 金杨股 份 | 2.69 | 13.61 | 42.18 | 42.80 | 1.46 | | ...