（文章来源：证券日报） 证券日报网讯 12月10日晚间，利扬芯片发布公告称，公司分别于2025年9月29日、2025年10月23日召开 了第四届董事会第十二次会议、2025年第一次临时股东大会，审议通过了《关于取消监事会及修订的议 案》等议案。近日，公司已完成上述事项的工商变更登记、备案手续，并取得了东莞市市场监督管理局 换发的《营业执照》。 ...

| 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-062 | | --- | --- | --- | | 转债代码：118048 | 转债简称：利扬转债 | | 广东利扬芯片测试股份有限公司 关于公司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、准确性和完整性依法承担法律责任。 广东利扬芯片测试股份有限公司（以下简称"公司"）分别于 2025 年 9 月 29 日、2025 年 10 月 23 日召开了第四届董事会第十二次会议、2025 年第一次临 时股东大会，审议通过了《关于取消监事会及修订<公司章程>的议案》等议案， 具体内容可详见公司于 2025 年 9 月 30 日、2025 年 10 月 24 日在上海证券交易 所网站（www.sse.com.cn）披露的《关于取消监事会、修订<公司章程>及制定、 修订公司部分治理制度的公告》、《2025 年第一次临时股东大会决议公告》。 近日，公司已完成上述事项的工商变更登记、备案手续，并取得了东莞市市 场监督管理局换发的《营业执照》，相关登记信 ...

| 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-061 | | --- | --- | --- | | 转债代码：118048 | 转债简称：利扬转债 | | 广东利扬芯片测试股份有限公司 关于部分股东减持股份计划时间届满暨减持结果的 补充公告 本公司董事会、全体董事及相关股东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。 广东利扬芯片测试股份有限公司（以下简称"公司"）于 2025 年 12 月 2 日在上海证券交易所披露了《关于部分股东减持股份计划时间届满暨减持结果公 告》（公告编号：2025-060）。现将股东减持结果情况补充说明如下： 一、减持主体减持前基本情况 减持计划披露前，公司股东张利平先生持有公司股份 6,205,887 股，占公司 总股本比例为 3.0569%，股份来源为公司首次公开发行前持有及以资本公积转增 股本的股份。根据张利平先生于公司首次公开发行时所作承诺，张利平先生减持 公司首次公开发行前持有股份的，应当提前三个交易日通知公司并予以公告。 （二）减持计划实施结果 1 | 减持方式及对应减 ...

| 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-060 | | --- | --- | --- | | 转债代码：118048 | 转债简称：利扬转债 | | 广东利扬芯片测试股份有限公司 关于部分股东减持股份计划时间届满暨减持结果 公告 本公司董事会、全体董事及相关股东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： 广东利扬芯片测试股份有限公司（以下简称"公司"）股东张利平先生持有 公司股份 6,205,887 股，占公司总股本比例为 3.0569%。上述股份来源于公司首 次公开发行前持有及以资本公积转增股本的股份； 减持计划的实施结果情况 2025 年 8 月 11 日，公司于上海证券交易所（www.sse.com.cn）披露了《关 于部分股东减持股份计划公告》（公告编号：2025-041），股东张利平先生计划于 2025 年 9 月 2 日至 2025 年 12 月 1 日期间，通过集中竞价交易、大宗交易方式 减持公司股份数量合计不超过 6,086,000 股，即不超过公司总股本的 2.997 ...

Core Viewpoint - Li Yang Chip announced that shareholder Zhang Liping reduced his stake in the company by 6,105,887 shares, representing 3.0033% of the total share capital, exceeding the initial plan of 6,086,000 shares [1] Summary by Relevant Sections - **Shareholder Reduction** - Zhang Liping's share reduction occurred between September 2, 2025, and December 1, 2025, through centralized bidding and block trading [1] - The actual reduction slightly exceeded the planned amount, with a total reduction of 3.00% of the company's total share capital [1] - **Transaction Details** - The reduction price ranged from 23.50 to 40.00 yuan per share, resulting in a total transaction amount of 159 million yuan [1] - After the reduction, Zhang Liping holds 120,000 shares, decreasing his ownership percentage to 0.0590% [1]

Core Insights - Liyang Chip (688135) reported a revenue of 443 million yuan for the first three quarters of 2025, representing a year-on-year growth of 23.11%, and a net profit attributable to shareholders of 754,700 yuan, up 106.19% [1] Group 1: Business Overview - Liyang Chip specializes in semiconductor backend manufacturing, focusing on integrated circuit testing solutions and has become one of the largest independent third-party integrated circuit testing bases in China [1] - The company is implementing a "one body, two wings" strategic layout, with the left wing focusing on technology services such as wafer thinning, laser grooving, and stealth cutting, which enhance product quality and reduce costs [1][2] - The company has developed leading ultra-thin chip thinning technology capable of processing below 25μm, and its stealth cutting technology has broken foreign monopolies, reducing cutting paths to 20μm and significantly lowering costs [1][2] Group 2: Technological Advancements - Liyang Chip has established an exclusive partnership with Dieling Optoelectronics to provide wafer heterogeneous stacking and testing services, enhancing imaging capabilities under complex weather conditions for applications in autonomous driving and robotics [2] - The company has accumulated 44 categories of chip testing solutions and has completed mass testing for thousands of chip models, amassing data in the hundreds of billions, applicable to various end-user scenarios [2] Group 3: Future R&D Plans - Future R&D projects include high-pixel CMOS image sensor testing solutions, high-performance robotic vision processing chip testing, AI computing chip testing platforms, and reliability testing for automotive control chips [3] - The company plans to increase investment in R&D across automotive electronics, industrial control, high-performance computing, sensors, storage, autonomous driving, and robotics [3] - As of the first three quarters of 2025, the company holds a total of 298 patents and software copyrights, with R&D accounting for 12.89% of its expenditures [3]

Group 1: Storage Chip Sector - The storage chip sector opened strong on November 25, 2025, with notable gains in companies like LeiKe Defense and others, reflecting a bullish market sentiment [1] - Morgan Stanley raised target prices for SanDisk and Micron, citing a generational supply shortage in the industry, exacerbated by accelerating cloud computing demand [1] - Zhongyuan Securities highlighted a sharp increase in data storage demand driven by AI advancements, predicting a potential super cycle for the storage industry as prices rise [1] Group 2: Macroeconomic Data - In October, China's high-tech industry sales revenue grew by 13.6% year-on-year, with significant increases in integrated circuits (32.5%), industrial robots (41.7%), and drone manufacturing (38.4%) [2] - The San Francisco Fed President expressed support for a potential interest rate cut in December, with market expectations for a 25 basis point reduction rising to 80% [2] Group 3: ETF Performance - The ChiNext 50 ETF (588060) rose over 1.5%, with significant inflows in recent trading days, indicating strong investor interest in the sector [2] - The ChiNext Growth ETF (588110) saw gains exceeding 3%, with constituent stocks like Shijia Photon and Haitan Ruisheng rising over 10% [3] - The ChiNext 200 ETF (588140) experienced a near 4% increase, reflecting strong performance from smaller-cap stocks in the technology sector [3] Group 4: ETF Characteristics - The ChiNext 50 ETF tracks the top 50 stocks on the ChiNext board, representing leading technology firms with high market capitalization and liquidity [4] - The ChiNext 100 ETFs focus on mid-cap companies, providing exposure to high-growth potential stocks within the ChiNext market [4] - The ChiNext Growth ETF targets high-growth companies based on revenue and profit growth metrics, reflecting the overall performance of high-growth stocks on the ChiNext board [5]

Core Viewpoint - Kioxia's poor performance has negatively impacted the A-share market, leading to a significant decline in storage chip concept stocks, raising concerns about the overall health of the storage industry [1] Company Performance - Kioxia's adjusted net profit for the second fiscal quarter plummeted over 60% year-on-year, amounting to 41.7 billion yen (approximately 284 million USD), a substantial drop compared to the same period last year [1] - The company is facing dual pressures of declining revenue and rising costs, which has triggered market worries regarding the storage industry's outlook [1] Market Reaction - Following Kioxia's earnings report, several storage-related stocks in the A-share market experienced sharp declines, with notable drops including: - Baiwei Storage down 11% - Tongyou Technology and Jucheng Co. down over 9% - Other companies like Purang Co., Jiangbolong, and Kangqiang Electronics down over 8% [2] - The overall market sentiment reflects a lack of confidence in the storage sector, influenced by Kioxia's performance [1][2] Pricing Mechanism Impact - Analysts suggest that Kioxia's disappointing results may be attributed to its fixed-price agreements for supplying mobile NAND chips to Apple, which prevented the company from benefiting from the significant increases in spot prices [1]

Core Insights - A block trade of Liyang Chip occurred on November 11, with a volume of 4.06 million shares and a transaction value of 95.41 million yuan, at a price of 23.50 yuan, representing an 18.94% discount to the closing price of the day [2] Trading Activity - The closing price of Liyang Chip on the same day was 28.99 yuan, reflecting a decrease of 1.23% [2] - The daily turnover rate was 3.00%, with a total transaction amount of 181 million yuan and a net inflow of main funds amounting to 3.08 million yuan [2] - Over the past five days, the stock has cumulatively decreased by 1.60%, with a total net outflow of funds amounting to 9.38 million yuan [2] Margin Financing - The latest margin financing balance for Liyang Chip is 252 million yuan, which has decreased by 2.57 million yuan over the past five days, representing a decline of 1.01% [2]

Group 1 - The stock of Liyang Chip fell by 1.23% on November 11, closing at 28.99 yuan, with a significant block trade involving 4.06 million shares and a total transaction value of 95.41 million yuan [1] - The first transaction price was 23.50 yuan for 4.06 million shares, resulting in a premium rate of -18.94%, with both the buyer and seller being the same brokerage, Everbright Securities [1] - Over the past three months, there has been one block trade for this stock, totaling 95.41 million yuan, and in the last five trading days, the stock has declined by 1.60%, with a net outflow of 10.31 million yuan from major funds [1]