证券时报•数据宝统计显示，今日科创板个股上涨的有88只，下跌的有487只。 资金流向方面，今日主力资金净流入的科创板股共有185只，其中，3只个股主力资金净流入超3000万 元，华熙生物主力资金净流入4047.09万元，净流入资金居首；光云科技、九号公司紧随其后，全天净 流入资金分别为3643.48万元、3420.34万元。主力资金净流出的有399只，净流出资金最多的是中芯国 际，该股今日下跌1.91%，全天主力资金净流出4.21亿元，其次是寒武纪、金山办公，主力资金净流出 分别为1.61亿元、1.21亿元。 从主力资金连续性进行观察，共有43只个股主力资金连续3个交易日以上持续净流入，连续净流入天数 最多的是瑞联新材、利扬芯片等2只股，主力资金均连续净流入9天。主力资金连续流出的个股有162 只，连续流出天数最多的是先锋精科，该股已连续21个交易日净流出；连续净流出天数较多的还有莱特 光电、三达膜等，主力资金分别连续流出14天、11天。（数据宝） 主力资金净流入排名 | 代码 | 简称 | 主力资金净流入（万元） | 主力资金流入率（%） | 涨跌幅（%） | 换手率（%） | | --- | --- | ...

Investment Rating - The investment rating for the company is upgraded to "Accumulate" [7][5]. Core Views - The company's 2024 performance is under pressure, with a reported revenue of 488.13 million yuan, a decrease of 2.97% year-on-year, and a net profit attributable to shareholders of -61.62 million yuan, indicating a shift from profit to loss [1][2]. - The company is actively acquiring and expanding in the special vehicle chip sector, aiming to enhance its long-term growth in the automotive segment [2][4]. - The decline in revenue is attributed to mixed demand in end markets, with some consumer categories seeing growth while others, particularly high-performance and industrial control chips, faced significant declines [2][3]. Financial Summary - Revenue is projected to recover, with estimates of 598.15 million yuan in 2025, reflecting a growth rate of 22.54% [6][12]. - The company expects to achieve a net profit of 100.29 million yuan in 2025, a significant turnaround from the losses in 2024 [6][12]. - The EBITDA is forecasted to increase to 270.36 million yuan in 2025, indicating improved operational efficiency [6][12]. Strategic Developments - The company plans to expand its three-temperature testing capacity to meet the growing demand for high-reliability chips, including those for automotive applications [3][4]. - The acquisition of Guoxin Microelectronics is aimed at strengthening the company's focus on testing services for special chips, enhancing its competitive edge in the integrated circuit testing sector [4][5]. - The company is committed to high-quality development through both organic growth and strategic acquisitions, particularly in the automotive electronics and autonomous driving sectors [3][4].

Investment Rating - The investment rating for the company is upgraded to "Accumulate" [8] Core Views - The company's 2024 performance is under pressure, with a reported revenue of 488.13 million yuan, a decrease of 2.97% year-on-year, and a net profit attributable to the parent company of -61.62 million yuan, indicating a shift from profit to loss [1][2] - The company is actively acquiring and expanding in the special vehicle chip sector, aiming to enhance its long-term growth in the automotive segment [2][4] - The company is focusing on expanding its three-temperature testing capacity and increasing R&D in automotive chip testing technologies, particularly for autonomous driving applications [3] Financial Performance Summary - In 2024, the company reported a revenue of 488.13 million yuan, down from 503.08 million yuan in 2023, with a projected revenue increase to 598.15 million yuan in 2025, representing a growth rate of 22.54% [7][12] - The net profit attributable to the parent company is expected to recover from -61.62 million yuan in 2024 to 100.29 million yuan in 2025, with further growth anticipated in subsequent years [5][12] - The company issued convertible bonds in 2024, raising 520 million yuan, with a significant portion already converted into equity [5] Strategic Developments - The company plans to acquire 100% of the shares of Guoxin Micro, a third-party integrated circuit testing technology provider, to strengthen its focus on testing services and fill gaps in its capabilities [4] - The company is committed to enhancing its core business through both organic growth and strategic acquisitions, while also improving customer technology through collaboration [3]

资金流向方面，今日主力资金净流入的科创板股共有219只，其中，6只个股主力资金净流入超3000万 元，芯原股份主力资金净流入9530.11万元，净流入资金居首；财富趋势、大地熊紧随其后，全天净流 入资金分别为6264.27万元、4807.96万元。主力资金净流出的有366只，净流出资金最多的是恒玄科技， 该股今日下跌5.00%，全天主力资金净流出1.43亿元，其次是寒武纪、澜起科技，主力资金净流出分别 为9631.09万元、5655.58万元。 从主力资金连续性进行观察，共有55只个股主力资金连续3个交易日以上持续净流入，连续流入天数最 多的是迅捷兴，该股已连续11个交易日净流入；连续净流入天数较多的还有耐科装备、利扬芯片等，主 力资金分别连续流入10天、8天。主力资金连续流出的个股有132只，连续流出天数最多的是先锋精科， 该股已连续20个交易日净流出；连续净流出天数较多的还有莱特光电、三达膜等，主力资金分别连续流 出13天、10天。（数据宝） 主力资金净流入排名 | 代码 | 简称 | 主力资金净流入（万元） | 主力资金流入率（%） | 涨跌幅（%） | 换手率（%） | | --- | --- | - ...

广发证券股份有限公司 关于广东利扬芯片测试股份有限公司 2024 年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》等有关法律、法规的规定，广发证券股份有限公司（以下简称"广发证 券""保荐机构"）作为广东利扬芯片测试股份有限公司（以下简称"利扬芯 片""公司"）首次公开发行并上市的持续督导保荐机构，负责利扬芯片上市后 的持续督导工作，并出具本年度持续督导跟踪报告。 2024 年度，广发证券对利扬芯片的持续督导工作情况总结如下： | 序号 | 工作内容 | 实施情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并 | 保荐机构已建立健全并有效执行 | | | 针对具体的持续督导工作制定相应的工作计 | 了持续督导制度，已制定了相应的 | | | 划。 | 工作计划。 | | 2 | 根据中国证监会相关规定，在持续督导工作 | 保荐机构已与利扬芯片签订《承销 | | | 开始前，与上市公司或相关当事人签署持续 | 保荐协议》，该协议已明确了双方 | | | 督导协议，明确双方在持续督导期间的权利 | 在持续督导期间的权 ...

近期利扬芯片(688135)发布2025年一季报，证券之星财报模型分析如下： 利润与收入 利扬芯片(688135)在2025年一季度实现了营业总收入1.3亿元，同比上升11.22%。然而，公司的盈利能力 显著下滑，归母净利润录得-758.45万元，同比下降2340.63%，扣非净利润为-748.57万元，同比下降 705.24%。这表明公司在增加收入的同时，并未有效转化为利润。 盈利能力 资产负债情况 截至2025年一季度末，公司的货币资金为3.17亿元，同比增加了231.91%；有息负债为12.04亿元，同比 增加了55.26%。有息资产负债率已达44.94%，建议投资者关注公司的债务状况。 应收账款 公司的应收账款为1.63亿元，同比增加了10.41%。考虑到一季度归母净利润为负，应收账款的回收情况 值得关注。 每股指标 每股净资产为5.24元，同比减少了6.87%；每股经营性现金流为0.22元，同比减少了22.42%；每股收益 为-0.04元。 商业模式与融资分红 从盈利能力来看，公司的毛利率为22.78%，同比减少了13.51个百分点；净利率为-5.33%，同比减少了 854.33个百分点。这反映出公 ...

Group 1 - The company has approved the proposal for the provision of asset impairment reserves for the year 2024, which complies with accounting standards and reflects the financial status and operating results as of December 31, 2024 [21][22][23] - The board of directors has also approved the proposal to convene the 2024 annual general meeting of shareholders, with unanimous support from the board members [3][2] Group 2 - The supervisory board held its eighth meeting on April 29, 2025, where all members were present, and the meeting was conducted in accordance with legal and regulatory requirements [6] - The supervisory board approved the 2024 annual report and its summary, ensuring that the report accurately reflects the company's financial status and operating results [7][9] - The supervisory board also approved the 2024 work report, confirming that it has conducted due diligence on the company's operations and decisions [10][11] - The board approved the special report on the use of raised funds for 2024, confirming compliance with relevant regulations and proper usage of funds [12][13] - The internal control evaluation report for 2024 was approved, indicating that the company has established effective internal control systems [14][15] - The financial settlement report for 2024 was approved, reflecting the company's financial condition and operating results accurately [16][17] - The profit distribution plan for 2024 was approved, considering the company's profitability and cash flow [18][19] Group 3 - The company plans to apply for a comprehensive credit limit of up to RMB 2 billion (or equivalent foreign currency) for 2025, which will be used to support the business development of the company and its subsidiaries [24][28] - The company will provide guarantees for its wholly-owned subsidiaries, with the total guarantee amount also not exceeding RMB 2 billion [19][30] - The board of directors has recommended that the shareholders' meeting approve the comprehensive credit application and guarantee proposal [38][39] Group 4 - The company will hold an investor briefing on May 19, 2025, to discuss the 2024 annual results and the first quarter of 2025, allowing for interactive communication with investors [42][43] - Investors can submit questions in advance from May 12 to May 16, 2025, and participate in the online meeting [40][45]

Core Viewpoint - The company, Guangdong Liyang Chip Testing Co., Ltd., reported a negative net profit for 2024 and will not distribute profits or dividends, focusing on sustainable development and future funding needs [4]. Company Overview - Liyang Chip is a well-known independent third-party professional testing service provider in China, specializing in integrated circuit testing solutions, including 12-inch and 8-inch wafer testing services, and chip finished product testing [7][8]. - The company has developed 44 categories of chip testing solutions and completed mass testing for thousands of chip models, accumulating a vast database of testing data [30][31]. Business Operations - The company has expanded its services to include wafer thinning, polishing, laser grooving, and laser dicing, enhancing its technical service offerings to meet comprehensive wafer cutting needs [6][11]. - Liyang Chip's testing services are crucial in the integrated circuit industry, ensuring that every chip undergoes 100% testing to verify compliance with design specifications [8][9]. Industry Position - The integrated circuit testing industry is characterized by high capital intensity and knowledge requirements, with significant barriers to entry due to the need for advanced testing platforms and skilled personnel [26][27]. - The industry is experiencing a shift towards specialization, with increasing pressure on traditional IDM (Integrated Device Manufacturer) models, favoring Fabless companies that outsource manufacturing and testing [38][39]. Future Development Trends - The company aims to strengthen its position in emerging fields such as automotive electronics, industrial control, high-performance computing, and sensor technologies, responding to the growing demand for independent third-party testing services [33][34]. - The integrated circuit testing sector is expected to grow as the complexity of chips increases, necessitating more sophisticated testing solutions to meet stringent quality and performance standards [25][29].

Core Viewpoint - The company has reported its Q1 2025 financial results, indicating temporary profit pressure but highlighting underlying growth potential driven by a fixed cost structure primarily based on depreciation and amortization, with revenue showing both year-on-year and quarter-on-quarter growth, signaling an inflection point in income and the imminent release of scale effects [1] Group 1: Business Strategy and Focus - The company is focusing on its core business of integrated circuit testing, with a strategic layout described as "one body, two wings," emphasizing independent third-party wafer testing and chip product testing as the mainstay, while also expanding into wafer laser grooving, dicing, thinning, and ultra-wide spectrum layered image sensor chips for applications in autonomous driving and robotics [1] - The company aims to establish itself as a leading independent third-party professional testing service provider in China, driven by technological innovation and unique testing solutions across various fields including high computing power, industrial control, automotive electronics, sensors, AIoT, consumer electronics, storage, and specialty chips [1] Group 2: Technological Advancements - The company possesses industry-leading ultra-thin chip thinning technology capable of processing below 25μm, and its laser grooving and dicing technologies address quality issues in traditional cutting methods, enhancing chip yield and reliability [2] - The company collaborates with Shanghai Dielong Optoelectronics Technology Co., Ltd. to provide unique wafer heterogeneous stacking and testing services, leveraging core technologies in all-weather ultra-wide spectrum layered image sensor chips to improve recognition rates under complex weather and lighting conditions, thus enhancing safety in autonomous driving applications [2] Group 3: Market Expansion and Innovation - The company is actively expanding its relationships with well-known design enterprises and utilizing big data analysis tools to maintain existing customers, which is expected to increase future revenue and enhance overall profitability [3] - The company is embracing technological innovation, focusing on building an intelligent algorithm training system with independent intellectual property rights, integrating cutting-edge general model technology to drive research and development innovation [3] Group 4: Future Projects and Market Opportunities - The company is developing various testing solutions for high-pixel CMOS image sensors, high-performance robotic vision processing chips, AI computing power chips, high-bandwidth RF chip testing, and more, targeting high-demand markets such as automotive electronics, high computing power chips, sensors, and storage [4] - The company’s proactive positioning in high-barrier technology fields is expected to capture industry growth dividends, with ongoing business expansion and revenue growth anticipated to lead to profit recovery and performance breakthroughs in the future [4]

广东利扬芯片测试股份有限公司 2024 年度独立董事述职报告（郭群） 2024 年，我本人作为广东利扬芯片测试股份有限公司（以下简称"公司"） 的独立董事，根据《中华人民共和国公司法》（以下简称"《公司法》"）《中 华人民共和国证券法》（以下简称"《证券法》"）《上市公司独立董事管理 办法》等有关法律、法规、规范性文件以及《公司章程》《独立董事工作制度》 《独立董事专门会议制度》等规定和要求，秉承客观、独立、公正的立场，忠 实勤勉，独立地履行职责，积极出席公司各项会议，独立自主决策，认真审议 公司重大事项，并发表审慎、客观的独立意见，充分发挥了独立董事及各专门 委员会的作用，切实维护公司及全体股东特别是中小股东合法权益，促进规范 运作。现将本人 2024 年度的工作情况汇报如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 郭群，女，1964 年 11 月出生，中国国籍，无境外永久居留权，毕业于中山 大学会计专业，硕士研究生学历，副教授。1994 年 9 月至 2021 年 8 月，任职于 中山大学管理学院，任副教授；2018 年 6 月至 2024 年 6 月，任广州市康硕家居 用品有 ...