Core Viewpoint - Anlu Technology (688107.SH) reported a strong recovery in its performance for the first half of 2025, with revenue reaching 223 million yuan and a quarter-on-quarter growth of 39.4% in Q2, indicating sustained core development momentum [1][2]. Group 1: Financial Performance - In the first half of 2025, Anlu Technology achieved revenue of 223 million yuan, with a significant quarter-on-quarter increase of 39.4% in Q2, reflecting a robust recovery trend [1][2]. - The company has seen a noticeable increase in new customer numbers and new product introduction projects, establishing a solid foundation for future growth [2]. Group 2: Market and Product Development - The global acceleration of smart technology demands higher efficiency, capability, and power consumption ratios from chips, with FPGA being a key component for smart upgrades, maintaining strong long-term market demand [2]. - Anlu Technology has established a diverse range of FPGA product models, which are widely applied across various sectors, continuously expanding its coverage of niche scenarios [2]. - In the power and new energy market, Anlu Technology's sales revenue grew by over 20% year-on-year, driven by the rise in demand for smart grid construction and new energy integration [2]. Group 3: Research and Development - Anlu Technology invested 174 million yuan in R&D, accounting for 77.84% of its revenue, an increase of 17.28 percentage points year-on-year [3]. - The company has applied for a total of 482 intellectual property rights, including 280 invention patents, with 47 new applications during the reporting period [3]. - Anlu Technology is advancing five major R&D directions, including next-generation FPGA, low-power and high-performance FPSoC, and automotive-grade chips, with several models of domestic 28nm FPGA chips already in mass production [3]. Group 4: Future Outlook - Short-term, Anlu Technology's sales revenue is expected to continue recovering due to the acceleration of upgrades in traditional markets and the recovery momentum observed in Q2 [4]. - Long-term, the rapid development of emerging markets such as robotics, edge computing, smart grids, and AI servers, along with the urgent need for localized secure supply chains, will provide significant growth opportunities for the company [4]. - Industry experts believe that as the inventory destocking cycle nears its end and new products are launched, Anlu Technology, as a leading domestic FPGA company, is poised for a new phase of rapid growth in emerging fields [4].

Core Viewpoint - The report indicates that despite signs of recovery in downstream application areas, the company's revenue has slightly declined compared to the same period last year due to fluctuations in demand from certain end-user industries. The company continues to invest heavily in R&D and team building to strengthen its core competitiveness, resulting in a negative net profit for the reporting period [1][3]. Financial Performance - The company reported a revenue of approximately 223.34 million yuan, a decrease of 29.64% year-on-year [3]. - The total profit for the period was -142.39 million yuan, with a net profit attributable to shareholders of -142.39 million yuan [3]. - The net cash flow from operating activities was -62.83 million yuan, indicating a decrease compared to the previous year [3]. - The company's net assets attributable to shareholders decreased by 11.69% to approximately 1.07 billion yuan [3]. Industry Overview - The integrated circuit industry, particularly the FPGA market, is experiencing dynamic adjustments due to emerging technology applications and economic uncertainties. However, the long-term demand for FPGA remains strong due to the increasing need for efficient data processing and computing capabilities [4][5]. - The global semiconductor market is projected to reach $728 billion in 2025, with a year-on-year growth of 15.4% [4]. Business Operations - The company specializes in the R&D, design, and sales of FPGA and FPSoC chips, positioning itself as a leading supplier in the domestic market. Its products are widely used across various sectors, including communication, industrial, medical, and consumer electronics [4][5]. - The company employs a Fabless business model, outsourcing manufacturing and testing to third-party firms while focusing on chip design and development [8]. Product Development - The company has launched over 200 application IPs and reference designs across 12 application categories, enhancing its product offerings and market competitiveness [7][11]. - The company continues to innovate with its FPGA and FPSoC product lines, including the SALPHOENIX, SALEAGLE, and SALSWIFT series, which cater to various market needs [6][7]. R&D Investment - R&D expenses reached approximately 17.38 million yuan, accounting for 77.84% of the company's revenue, reflecting a commitment to innovation and product development [9]. - The company has applied for 482 intellectual property rights, including 280 invention patents, demonstrating its focus on protecting its technological advancements [11][12]. Market Strategy - The company is actively expanding its market presence in emerging sectors such as smart grids, AI servers, and electric vehicles, aiming to capture new growth opportunities [9][10]. - The company has established strategic partnerships with key clients in various industries, enhancing its market penetration and brand recognition [11].

上海安路信息科技股份有限公司2025 年半年度报告摘要 公司代码：688107 公司简称：安路科技 上海安路信息科技股份有限公司 上海安路信息科技股份有限公司2025 年半年度报告摘要 第一节 重要提示 公司已在本报告中描述了可能存在的风险，详细内容敬请查阅"第三节、管理层讨论与分析" 之"四、风险因素"部分，请投资者注意投资风险。 规划，投资者应当到 www.sse.com.cn 网站仔细阅读半年度报告全文。 报告期内，尽管诸多下游应用领域已有复苏迹象，新客户数量、新产品导入项目数均稳定增 加，但由于部分终端行业客户需求阶段性波动，公司营业收入较上年同期略有下滑。同时，公司 为了进一步加强及巩固自身核心竞争力，丰富公司产品系列以覆盖更多的下游应用领域，继续维 持较高的产品研发与团队建设投入，使得报告期内归属于母公司所有者的净利润仍为负值。公司 核心竞争力、持续经营能力未发生重大变化。鉴于公司目前依然保持较大的研发投入，未来若出 现下游市场复苏不及预期、行业竞争加剧等情形，公司可能面临继续亏损的风险。 □适用 √不适用 第二节 公司基本情况 公司股票简况 公司股票简况 股票种类 股票上市交易所 股票简称 股票 ...

上海安路信息科技股份有限公司2025 年半年度报告 公司代码：688107 公司简称：安路科技 上海安路信息科技股份有限公司 2025 年半年度报告 1 / 171 上海安路信息科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 报告期内，尽管诸多下游应用领域已有复苏迹象，新客户数量、新产品导入项目数均稳定增 加，但由于部分终端行业客户需求阶段性波动，公司营业收入较上年同期略有下滑。同时，公司 为了进一步加强及巩固自身核心竞争力，丰富公司产品系列以覆盖更多的下游应用领域，继续维 持较高的产品研发与团队建设投入，使得报告期内归属于母公司所有者的净利润仍为负值。公司 核心竞争力、持续经营能力未发生重大变化。鉴于公司目前依然保持较大的研发投入，未来若出 现下游市场复苏不及预期、行业竞争加剧等情形，公司可能面临继续亏损的风险。 公司已在本报告中描述了可能存在的风险，详细内容敬请查阅"第三节、管理层讨论与分析" 之"四、风险因素"部分，请 ...

一、计提资产减值准备情况的概述 证券代码：688107 证券简称：安路科技 公告编号：2025-031 上海安路信息科技股份有限公司 关于 2025 年半年度计提资产减值准备的公告 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。 本次 2025 年半年度计提减值准备符合《企业会计准则》以及会计相关政策 的规定，能够公允地反映公司截至 2025 年 6 月 30 日的财务状况和 2025 年 1-6 月份的经营成果，有助于向投资者提供更加真实、可靠、准确的会计信息，不存 在损害公司和全体股东利益的情形。 根据《企业会计准则》和《上海证券交易所科创板股票上市规则》的相关规 定，为客观、公允地反映上海安路信息科技股份有限公司（以下简称"公司"） 截至 2025 年 6 月 30 日的财务状况和 2025 年 1-6 月份的经营成果，公司及下属 子公司对截至 2025 年 6 月 30 日的应收款项、存货、固定资产、在建工程、无形 资产、长期股权投资等各类资产进行了减值测试，公司 2025 年上半年计提各项 资产减值准备合计人民币 ...

上海安路信息科技股份有限公司 关于公司 2025 年度"提质增效重回报"行动方案的半年度评估报告 上海安路信息科技股份有限公司（以下简称"公司"）为积极响应落实关于 沪市上市公司"提质增效重回报"专项行动的倡议，践行"以投资者为本"的上 市公司发展理念，基于对公司未来发展前景的信心，塑造良好的资本市场形象， 结合公司自身发展战略、经营情况和财务情况，公司于 2025 年 4 月 26 日发布了 《2025 年度"提质增效重回报"行动方案》（以下简称"行动方案"）。 公司根据行动方案内容，积极开展和落实各项工作。2025 年上半年，行动方 案主要举措的进展及成效情况如下： 一、聚焦经营主业，推动业务提质升级 公司自成立以来，始终专注于 FPGA、FPSoC 芯片和专用 EDA 软件等产品的研 发、设计和销售，是国内领先的 FPGA 产品供应商。经过多年发展，公司已经形 成了丰富的产品型号，广泛应用于通信、工业、医疗、音视广播、消费电子、汽 车电子、数据中心与计算、测试测量与验证仿真等领域。 2025 年上半年，公司实现营业收入 22,334.25 万元，同比下降 29.64%，其 中第二季度营收环比第一季度上升 ...

2025 年半年度募集资金存放与使用情况的专项报告 证券代码：688107 证券简称： 安路科技 公告编号：2025-029 上海安路信息科技股份有限公司 | | | | 项目名称 | | 金额（元） | | --- | --- | --- | --- | --- | --- | | | | | 减：以前年度使用募集资金金额 | | 1,161,920,471.90 | | 2024 | 年 12 | 月 | 31 日募集资金专户余额 | | 140,679,528.10 | | | | | 加：本期专户利息收入 | | 246,447.77 | | | | | 加：本期专户理财收益 | | 592,291.00 | | | | | 加：本期理财产品到期赎回 | | 381,300,000.00 | | | | | 减：募投项目本年支出 | | 109,952,048.23 | | | | | 减：节余募集资金永久补充流动资金（此金额 包含募集资金理财收益及利息收入） | | 36,139,501.48 | | | | | 减：购买现金管理类投资产品（注 | 1） | 348,300,000.00 | | | ...

二、 董事会会议审议情况 会议由董事长谢文录先生主持，经出席会议的董事签署表决，会议一致通过 并形成如下决议： (一) 审议通过《关于公司 2025 年半年度报告及其摘要的议案》 同意《公司 2025 年半年度报告》及其摘要的相关内容。 证券代码：688107 证券简称：安路科技 公告编号：2025-027 上海安路信息科技股份有限公司 第二届董事会第十一次会议决议公告 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 上海安路信息科技股份有限公司（以下简称"公司"）日前以电子邮件方式 向董事发出第二届董事会第十一次会议通知，会议于 2025 年 8 月 26 日以现场结 合通讯方式召开。本次会议应出席董事 9 人，实际出席董事 9 人。本次会议的召 集、召开和表决程序符合《公司法》及《公司章程》的有关规定，表决形成的决 议合法、有效。 表决结果：9 票赞成，0 票反对，0 票弃权。 本议案已经公司董事会审计委员会 2025 年第三次会议审议通过。 具体内容详见公司同日披露于上海证券交易所网站（ww ...

Group 1 - The core viewpoint of the news is that Anlu Technology has shown significant trading activity, with a notable increase in financing and margin trading, indicating strong investor interest [1] - On August 25, Anlu Technology's stock price increased by 3.28%, with a trading volume of 482 million yuan, and a net financing purchase of 11.91 million yuan [1] - As of August 25, the total balance of margin trading for Anlu Technology was 167 million yuan, which is 1.25% of its market capitalization, indicating a high level of financing activity compared to the past year [1] Group 2 - As of March 31, Anlu Technology had 13,200 shareholders, an increase of 15.25% from the previous period, while the average number of circulating shares per shareholder decreased by 13.23% to 30,436 shares [2] - For the first quarter of 2025, Anlu Technology reported a revenue of 93.29 million yuan, a year-on-year decrease of 34.29%, and a net profit attributable to shareholders of -60.40 million yuan, a decrease of 8.51% year-on-year [2] - Among the top ten circulating shareholders, Galaxy Innovation Mixed A (519674) held 16.50 million shares as of March 31, a reduction of 2.80 million shares compared to the previous period [2]

格隆汇8月18日丨安路科技(688107.SH)在投资者互动平台表示，目前，公司的FPGA芯片产品尚未直接 应用于商业航天领域。但公司FPGA产品的应用领域十分广泛，目前已成功应用在空心杯电机、多轴协 同控制等复杂工业场景，未来可以通过不断优化FPGA的设计和算法，来提供更加高效、可靠的机器人 解决方案，满足客户的相关需求。 ...