Core Points - The stock price of Jinghua Micro (688130) closed at 25.22 yuan on August 11, 2025, with a slight increase of 0.32% and a turnover rate of 7.76% [1] - The company experienced a net outflow of main funds amounting to 12.63 million yuan, accounting for 10.72% of the total transaction amount [1] - Jinghua Micro reported total operating revenue of 37.04 million yuan for Q1 2025, representing a year-on-year growth of 38.70%, while net profit attributable to shareholders decreased by 787.12% to 10.14 million yuan [1] Financial Performance - The company's operating revenue for Q1 2025 was 37.04 million yuan, with a year-on-year increase of 38.70% [1] - Net profit attributable to shareholders was 10.14 million yuan, showing a significant decrease of 787.12% compared to the previous year [1] - The company's non-recurring net profit was 12.88 million yuan, down 190.70% year-on-year [1] - Key financial ratios include a current ratio of 10.647, a quick ratio of 10.083, and a debt-to-asset ratio of 8.73% [1] Company Overview - Jinghua Micro Electronics Co., Ltd. was established in 2005 and is located in Hangzhou, primarily engaged in software and information technology services [2] - The company has a registered capital of 929.74 million yuan and has made investments in 2 external enterprises [2] - The company holds 24 trademark registrations and 69 patents, along with 1 administrative license [2]

Group 1 - The A-share market showed mixed performance on August 7, with the semiconductor sector standing out as a strong performer, with stocks like Dongxin Co., Fuman Microelectronics, and Ashi Chuang hitting a 20% limit up [1] - Notable gains were also seen in stocks such as Jinghua Microelectronics and Xinhenghui, which rose by 14.41% and 11.28% respectively, while several other stocks in the sector saw increases exceeding 5% [1] - Guosen Securities expressed optimism about the semiconductor industry's sustained high prosperity, particularly highlighting opportunities in analog and memory sectors [1] Group 2 - TSMC has raised its annual revenue growth forecast from approximately 25% to 30%, driven by strong AI demand and a moderate recovery in non-AI demand, indicating continued high prosperity in the industry [1] - The semiconductor sector is expected to experience a series of catalysts, including NVIDIA's CEO Jensen Huang's visit to China, upcoming earnings reports from SMIC and Hua Hong Semiconductor, and the initiation of new product preparations by Apple [1]

Core Viewpoint - The semiconductor sector is experiencing a significant rally, driven by a combination of policy changes, market sentiment, and strong performance from key companies in the industry [2][3]. Group 1: Market Performance - The semiconductor index rose by 2%, leading the A-share market, with a net inflow of 3.485 billion yuan in main funds, significantly outperforming other sectors [2]. - The semiconductor index has recorded four consecutive days of gains this week, with a cumulative increase of 5.24% [2]. - Key stocks such as 富满微 (Fuman Micro), 东芯股份 (Dongxin), 阿石创 (Ashichuang), and 晶华微 (Jinghua Micro) hit the 20%涨停 (limit up) mark, indicating strong investor interest [3][5]. Group 2: Policy Impact - Trump's announcement of a 100% tariff on semiconductor imports, while offering exemptions for companies that commit to building factories in the U.S., has heightened the urgency for domestic semiconductor self-sufficiency [3][6]. - The market interpreted this policy as a catalyst for accelerating the domestic semiconductor supply chain adjustments, leading to increased investments in local equipment, materials, and manufacturing companies [3][6]. Group 3: Company Insights - 富满微 (Fuman Micro) is a leader in power management chips, benefiting from the urgency for domestic alternatives due to tariff policies and increasing orders for AI server power chips [8]. - 东芯股份 (Dongxin) specializes in small-capacity storage chips and is expected to benefit from the domestic storage chip localization process and a recovering niche storage price trend [8]. - 阿石创 (Ashichuang) is one of the few companies with a complete sputtering target supply chain, focusing on semiconductor materials, which are critical for chip manufacturing [8]. Group 4: Financial Performance and Expectations - 华虹半导体 (Huahong Semiconductor) reported a Q2 2025 revenue of 566 million USD, a year-on-year increase of 18.3%, with a strong Q3 guidance of 620 to 640 million USD [9][11]. - The semiconductor industry is entering a recovery phase, with global silicon wafer shipments reaching 3.327 billion square inches in Q2 2025, marking a year-on-year increase of 9.6% [14]. - The demand for AI chips is surging, with companies like TSMC raising their revenue growth forecasts, reflecting strong market sentiment [14][18]. Group 5: Future Outlook - The combination of external pressures and internal policy support is expected to sustain interest in the semiconductor sector, with a focus on domestic alternatives [13][19]. - The upcoming peak season for Apple’s product inventory in August and September is likely to boost related semiconductor companies' performance [11].

杭州晶华微电子股份有限公司 关于完成工商变更登记并换发营业执照的公告 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、准确性和完整性承担法律责任。 杭州晶华微电子股份有限公司（以下简称"公司"）分别于 2025 年 7 月 10 日和 2025 年 7 月 29 日召开了第二届董事会第十七次会议和 2025 年第一次临时 股东大会，审议通过了《关于变更注册资本、调整利润分配政策、取消监事会并 修 订< 公 司章 程> 的 议案 》，具 体内 容详 见 公司 在上 海 证券 交易 所 网站 （www.sse.com.cn）上披露的《关于变更注册资本、调整利润分配政策、取消监 事会并修订<公司章程>及修订、制定部分治理制度的公告》（公告编号：2025-033） 和《2025 年第一次临时股东大会决议公告》（公告编号：2025-036）。 证券代码：688130 证券简称：晶华微 公告编号：2025-040 名称：杭州晶华微电子股份有限公司 成立日期：2005 年 2 月 24 日 住所：浙江省杭州市滨江区长河街道长河路 351 号 4 号楼 5 层 A 座 5 ...

Core Viewpoint - The blood oxygen monitor concept sector has shown a positive performance, with a 1.62% increase, ranking fifth among concept sectors in terms of growth [1][2]. Group 1: Sector Performance - As of the close on August 7, the blood oxygen monitor concept sector saw 15 stocks rise, with Jinghua Microelectronics, Aipeng Medical, and Baolait leading the gains at 14.41%, 8.45%, and 3.51% respectively [1]. - The sector experienced a net inflow of 39 million yuan from main funds, with nine stocks receiving net inflows, and six stocks exceeding 10 million yuan in net inflow [2]. Group 2: Key Stocks - Jinghua Microelectronics had the highest net inflow of main funds at 53.64 million yuan, followed by Jiuan Medical and Kangtai Medical with net inflows of 47.85 million yuan and 47.62 million yuan respectively [2][3]. - The net inflow ratios for Jinghua Microelectronics, Kangtai Medical, and Jiuan Medical were 17.04%, 11.20%, and 7.14% respectively, indicating strong investor interest [3].

格隆汇8月7日｜半导体板块午后继续走强，其中，东芯股份、阿石创20CM涨停，晶华微（维权）、富 满微此前20CM涨停，斯达半导、盈方微此前10CM涨停，芯导科技、国科微、神工股份、台基股份、 富瀚微、南芯科技、赛微微电、安凯微等跟涨。 ...

Market Overview - The Shanghai Composite Index increased by 0.12% as of the morning close, with a trading volume of 811.67 million shares and a transaction amount of 1,206.179 billion yuan, representing a 12.41% increase compared to the previous trading day [1] Industry Performance - The top-performing industries included: - Beauty and Personal Care: Increased by 1.54% with a transaction amount of 52.39 billion yuan, led by Lafang Jiahua, which rose by 9.98% [1] - Electronics: Increased by 1.19% with a transaction amount of 1,948.73 billion yuan, led by Jinghua Micro, which surged by 20.01% [1] - Textile and Apparel: Increased by 0.83% with a transaction amount of 123.97 billion yuan, led by Jinhong Group, which rose by 10.05% [1] - The worst-performing industries included: - Steel: Decreased by 1.21% with a transaction amount of 95.09 billion yuan, led by Xining Special Steel, which fell by 9.11% [2] - Communication: Decreased by 0.81% with a transaction amount of 598.20 billion yuan, led by Dingtong Technology, which declined by 4.01% [2] - Electric Power Equipment: Decreased by 0.62% with a transaction amount of 775.72 billion yuan, led by Great Wall Electric, which fell by 5.74% [2] Summary of Key Stocks - Lafang Jiahua in the Beauty and Personal Care sector showed significant growth with a 9.98% increase [1] - Jinghua Micro in the Electronics sector demonstrated strong performance with a 20.01% increase [1] - Xining Special Steel in the Steel sector faced a notable decline with a 9.11% decrease [2]

Group 1 - The core point of the article highlights the performance of the stock "Jinghua Micro" on the STAR Market, which reached a limit-up price of 28.31 yuan with a trading volume of 1.03 billion yuan and a turnover rate of 6.83% as of 11:21 AM on August 7 [2] - Among STAR Market stocks, a total of 237 stocks were reported to be rising, with 19 stocks showing an increase of over 5%. Notable gainers included "Sino Medical" and "Jinghua Micro," both up by 20.01%, while "Dongxin Co." rose by 19.62%. Conversely, 343 stocks were reported to be declining, with "Kesi Technology," "Borui Pharmaceutical," and "Yuekang Pharmaceutical" experiencing significant drops of 7.83%, 6.97%, and 6.97% respectively [2] Group 2 - In terms of capital flow, "Jinghua Micro" saw a net inflow of 58,900 yuan from main funds on the previous trading day, but a net outflow of 2.1738 million yuan over the last five days [3] - The latest margin trading data as of August 6 indicates that the total margin balance for "Jinghua Micro" was 42.9932 million yuan, with a financing balance of 42.9932 million yuan, reflecting an increase of 1.4541 million yuan or 3.50% from the previous trading day. Over the past ten days, the total margin balance increased by 2.9782 million yuan, representing a growth of 7.44%, with the financing balance also growing by 7.44% [3]

Group 1 - The company held its 18th meeting of the second board on July 29, 2025, with all 7 directors present, ensuring compliance with relevant laws and regulations [2][4] - The board approved the election of Mr. Lü Hanzhuan as the executive director and legal representative, effective immediately [3][4] - The board also approved the election of members for the audit committee, with Mr. Yu Jingxuan as the convener, ensuring independent oversight [5][6] Group 2 - The company decided to provide a loan of up to 35 million yuan to its wholly-owned subsidiary, Shenzhen Jinghua Zhixin Microelectronics Co., Ltd., to support the "R&D Center Construction Project" [7][24] - The total amount of funds raised from the initial public offering was approximately 1.048 billion yuan, with a net amount of about 920.54 million yuan after deducting issuance costs [13][24] - The establishment of a dedicated account for managing the raised funds was approved to ensure proper usage and compliance with regulations [10][11][17] Group 3 - The company has adjusted its fundraising project timeline, extending the implementation period to July 2027, and has added new project components [27] - The loan provided to the subsidiary will be managed under strict regulatory compliance, ensuring that funds are used solely for the intended project [28][32] - The company’s board has authorized management to handle the specifics of the loan agreement and related matters [32][33]

Meeting Overview - The shareholders' meeting of Hangzhou Jinghua Microelectronics Co., Ltd. was held on July 29, 2025, at the company's conference room in Hangzhou [1] - A total of 76 ordinary shareholders attended the meeting, holding 67,320,558 voting rights, which represents 55.9539% of the total voting rights of the company [1] Voting Results - All proposed resolutions were approved during the meeting, with the voting results showing overwhelming support from ordinary shareholders [2][3] - For the first resolution, 67,253,623 votes (99.9006%) were in favor, with only 25,908 votes (0.0385%) against and 41,027 votes (0.0609%) abstaining [1] - The second resolution received 67,252,063 votes (99.8983%) in favor, with 20,468 votes (0.0304%) against and 48,027 votes (0.0713%) abstaining [1] - Subsequent resolutions also received similar levels of support, with the highest approval being 67,288,498 votes (99.9524%) for one of the resolutions [3] Legal Compliance - The meeting was convened in accordance with the Company Law and the company's articles of association, ensuring that all procedures and voting methods were legally valid [1][3] - The presence of legal representatives confirmed that the meeting's procedures and voting results complied with relevant laws and regulations [3]