Core Viewpoint - Liyang Chip, a well-known independent third-party professional testing technology service provider in China, focuses on integrated circuit testing and has a comprehensive testing capability for SoC chips [1] Group 1: Business Performance - In Q3 2025, Liyang Chip achieved revenue of 443 million yuan, ranking 11th among 13 companies in the industry, while the industry leader, Changjiang Electronics, reported revenue of 28.669 billion yuan [2] - The net profit for the same period was 2.7353 million yuan, placing the company 10th in the industry, with the top performer, Tongfu Microelectronics, reporting a net profit of 999.4 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Liyang Chip's debt-to-asset ratio was 55.25%, down from 56.24% year-on-year, which is higher than the industry average of 40.98% [3] - The gross profit margin for Q3 2025 was 26.02%, an increase from 24.51% year-on-year, exceeding the industry average of 20.20% [3] Group 3: Executive Compensation - The chairman, Huang Jiang, received a salary of 4.605 million yuan in 2024, an increase of 22,100 yuan from 2023 [4] - The general manager, Zhang Yifeng, earned 2.7631 million yuan in 2024, up by 27,300 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 50.88% to 22,800, while the average number of circulating A-shares held per account decreased by 33.44% to 8,924.17 [5] - The company is pursuing a "one body, two wings" strategy, with integrated circuit testing revenue growing by 21.85% year-on-year in the first half of 2025 [5] Group 5: Future Outlook - Revenue is projected to grow by 24.6%, 24.2%, and 23.0% from 2025 to 2027, reaching 608 million, 756 million, and 930 million yuan respectively, with net profit expected to turn positive by 2027 [5] - The company is focusing on the autonomous driving and robotics sectors to enhance future growth potential [5]

本次会议的召集、召开和表决程序符合《中华人民共和国公司法》《上海证 券交易所科创板股票上市规则》等相关法律、行政法规、规范性文件及《公司章 程》的有关规定，会议合法、有效。 | 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-059 | | --- | --- | --- | | 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 第四届董事会第十四次会议决议公告 本公司董事会及全体董事保证公告内容不存在虚假记载、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个别及连带法律责任。 一、董事会会议召开情况 广东利扬芯片测试股份有限公司（以下简称"公司"）第四届董事会第十四 次会议决议于 2025 年 10 月 30 日以现场结合通讯方式召开，本次会议的通知已 通过电子邮件形式送达全体董事，经全体董事一致同意豁免本次会议的通知时限。 本次会议由黄江先生主持，并已在董事会会议上就豁免通知时限的相关情况做出 说明，与会的各位董事已知悉所议事项的相关必要信息。本次会议应到董事 9 人，实际到会董事 9 人。 具体内容详见公司同日在上海证券交易所 ...

证券代码：688135 证券简称：利扬芯片 公告编号：2025-058 证券代码：118048 转债简称：利扬转债 本公司董事会及全体董事保证公告内容不存在虚假记载、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个别及连带法律责任。 根据《公司法》及《公司章程》的相关规定，瞿昊先生的离任不会导致公司 董事会成员人数低于法定人数，不会导致公司独立董事人数少于董事会成员的三 分之一或独立董事中没有会计专业人士的情形，不影响公司董事会的正常运行， 亦不会对公司的日常生产经营产生不利影响。 截至本公告披露日，瞿昊先生直接持有公司 5,581,680 股股份，占公司股份 总数的 2.7455%。瞿昊先生离任后将继续严格遵守《上海证券交易所科创板股票 上市规则》《上海证券交易所上市公司自律监管指引第 15 号——股东及董事、 高级管理人员减持股份》等相关法律法规及其本人所作的相关承诺。 瞿昊先生在任职期间勤勉尽责，公司对其在任职期间为公司及董事会所做出 广东利扬芯片测试股份有限公司 关于董事辞职暨选举职工代表董事及补选董事会专 门委员会委员的公告 一、关于董事辞职的相关情况 （一）董事辞职的基本情况 2 ...

Core Insights - Liyang Chip's stock price decreased by 2.04% on October 28, trading at 31.73 CNY per share with a market capitalization of 6.451 billion CNY [1] - The company has seen a year-to-date stock price increase of 58.10%, with a recent 10.19% decline over the past 20 days [1][2] - For the first nine months of 2025, Liyang Chip reported a revenue of 443 million CNY, representing a year-on-year growth of 23.11% [2] Financial Performance - The company achieved a net profit of 754,700 CNY for the same period, showing a significant year-on-year increase of 106.19% [2] - Liyang Chip has distributed a total of 120 million CNY in dividends since its A-share listing, with 2.003 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, the number of shareholders increased to 22,800, a rise of 50.88% from the previous period [2] - The average number of circulating shares per shareholder decreased by 33.44% to 8,924 shares [2] Business Overview - Liyang Chip specializes in integrated circuit testing solutions, wafer testing services, and finished chip testing services, with the main revenue sources being finished chip testing (58.15%) and wafer testing (35.08%) [2] - The company operates within the semiconductor industry, specifically in the integrated circuit packaging and testing sector [2]

Group 1 - The core point of the article is that Liyang Chip (688135.SH) reported a significant increase in revenue and a turnaround in net profit for the third quarter of 2025 [1] Group 2 - For the first three quarters of 2025, the company achieved total operating revenue of 443 million yuan, representing a year-on-year growth of 23.11% [1] - The net profit attributable to shareholders of the parent company was 754,700 yuan, compared to a loss of 12.2 million yuan in the same period last year [1] - The basic earnings per share for the company was reported as 0 yuan [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Liyang Chip, which reported a revenue increase of 23.11% year-on-year for the first three quarters of 2025, amounting to approximately 443 million yuan [1] - The net profit attributable to shareholders of the listed company for the same period is approximately 750,000 yuan [1] - As of the report date, Liyang Chip has a market capitalization of 6.6 billion yuan [1]

| 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-056 | | --- | --- | --- | | 证券代码：118048 | 转债简称：利扬转债 | | 广东利扬芯片测试股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证公告内容不存在虚假记载、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个别及连带法律责任。 （二）会议召开地点：上证路演中心(http://roadshow.sseinfo.com) （三）会议召开方式：上证路演中心网络互动 三、参加人员 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"）已于 2025 年 10 月 28 日在上海证券交易所网站(www.sse.com.cn)披露《2025 年第三季度报告》。 为方便广大投资者更加全面、深入地了解公司 2025 年第三季度经营成果、财务 状况，公司计划于 2025 年 12 月 1 日（星期一）上午 10:00-11:00 举行 2025 年 第三季度业绩说明会，此次活动将采用网络文字互动的方式举行，投资者可登录 上海证券交易所上证路演中心 ...

Revenue and Profitability - The company's revenue for Q3 2025 reached CNY 159.21 million, representing a year-on-year increase of 23.15%[4] - For the first nine months of 2025, the total revenue was CNY 443.25 million, also up by 23.11% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2025 was CNY 7.82 million, a significant improvement from a loss of CNY 7.47 million in the previous year[4] - The basic earnings per share for Q3 2025 was CNY 0.04, while the diluted earnings per share was CNY 0.03[4] - The net profit for the first three quarters of 2025 was -3,636,103.11 RMB, compared to -31,405,525.22 RMB in the same period of 2024, showing a significant improvement[35] - The total profit before tax for the first three quarters of 2025 was -8,865,712.82 RMB, compared to -42,025,079.21 RMB in the same period of 2024, indicating a narrowing loss[35] Expenses and Costs - Research and development expenses totaled CNY 19.83 million in Q3 2025, accounting for 12.45% of revenue, a decrease of 2.05 percentage points year-on-year[5] - Total operating costs for the first three quarters of 2025 were ¥472,498,989.89, up 16.0% from ¥407,082,408.76 in 2024[22] - Research and development expenses for the first three quarters of 2025 were ¥57,132,694.40, slightly down from ¥57,721,494.68 in 2024[23] - The company incurred a total operating expense of 188,592,054.23 RMB in the first three quarters of 2025, down from 272,234,423.52 RMB in 2024, indicating improved cost management[36] Cash Flow and Financial Position - The net cash flow from operating activities for the first nine months of 2025 was CNY 160.10 million, an increase of 8.35% year-on-year[4] - The company's cash and cash equivalents decreased from 445,605,330.49 RMB at the end of 2024 to 230,589,832.67 RMB by September 30, 2025, representing a decline of approximately 48.3%[16][17] - The net cash flow from operating activities was ¥160,095,720.87, up from ¥147,760,030.88, reflecting a growth of 8.99%[28] - The company's cash flow from financing activities showed a net outflow of -50,246,278.10 RMB in the first three quarters of 2025, contrasting with a net inflow of 489,787,834.58 RMB in 2024, indicating a change in financing strategy[37] Assets and Liabilities - The total assets as of the end of Q3 2025 were CNY 2.60 billion, reflecting a slight increase of 0.23% from the end of the previous year[5] - Total assets amounted to 2,598,814,407.98 RMB as of September 30, 2025, slightly up from 2,592,747,635.77 RMB at the end of 2024[18] - Total liabilities decreased from 1,471,124,200.91 RMB to 1,435,752,302.37 RMB, indicating a reduction of approximately 2.4%[18] - The total liabilities as of September 30, 2025, were ¥959,900,651.39, slightly up from ¥957,650,186.67 at the end of 2024[32] Shareholder Information - Total shareholders reached 22,781, with the largest shareholder holding 29.49% of shares, amounting to 59,948,510 shares[13] - The largest shareholder, Huang Jiang, is identified as a natural person and has no pledged shares[13][14] - The company has no significant changes in the participation of major shareholders in financing and securities lending activities[14] Investment Activities - The company reported non-recurring gains of CNY 2.97 million for the current period, with significant contributions from government subsidies and asset disposals[8] - The company received cash from other investment activities amounting to ¥300,584,000.00, significantly higher than ¥67,000,000.00 in the previous period[28] - Investment activities resulted in a net cash outflow of -156,129,132.30 RMB in the first three quarters of 2025, compared to -458,694,168.48 RMB in 2024, reflecting reduced investment expenditures[36]

第四届董事会第十三次会议决议公告 | 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-057 | | --- | --- | --- | | 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 表决情况：同意 9 票；反对 0 票；弃权 0 票； 本议案会前已经公司董事会审计委员会审议通过，并同意提交公司董事会审 议。 具体内容详见公司同日在上海证券交易所网站(www.sse.com.cn)披露的 《2025 年第三季度报告》。 1 特此公告。 本公司董事会及全体董事保证公告内容不存在虚假记载、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个别及连带法律责任。 一、董事会会议召开情况 广东利扬芯片测试股份有限公司（以下简称"公司"）第四届董事会第十三 次会议决议于 2025 年 10 月 27 日以现场结合通讯方式召开，本次会议的通知已 通过电子邮件形式送达全体董事，经全体董事一致同意豁免本次会议的通知时限。 本次会议由黄江先生主持，并已在董事会会议上就豁免通知时限的相关情况做出 说明，与会的各位董事已知悉所议事项的相关必要信息。本次 ...

Core Points - The controlling shareholder and chairman of Liyang Chip, Huang Jiang, plans to reduce his shareholding by up to 6,000,000 shares, representing approximately 2.9513% of the total share capital due to personal funding needs [1] - As of the announcement date, Huang Jiang holds 59,948,510 shares, accounting for 29.4874% of Liyang Chip's total share capital [1] - The estimated amount from this share reduction is approximately 191 million yuan, based on the last trading price of 31.75 yuan per share [1] Financial Performance - In the first half of 2025, Liyang Chip reported revenue of 284 million yuan, a year-on-year increase of 23.09%, while the net profit attributable to shareholders was a loss of 7.06 million yuan [3] - For the year 2024, the company achieved revenue of 488 million yuan, a decrease of 2.97%, with a net profit loss of 61.62 million yuan [3] - The net cash flow from operating activities for the first half of 2025 was 101 million yuan [3] Shareholder Changes - Following a recent share transfer, the combined shareholding of Huang Jiang and his concerted actions decreased from 35.45% to 32.16%, but this will not change the controlling shareholder status [3] - The recent share transfer involved 6,582,643 shares at a price of 15.59 yuan per share, totaling approximately 102.62 million yuan [2][3] Fundraising Activities - Liyang Chip raised a total of 1.056 billion yuan from two fundraising activities, including an initial public offering and a convertible bond issuance [5] - The IPO raised 536.05 million yuan, with a net amount of 470.94 million yuan after deducting issuance costs [4] - The convertible bond issuance raised 520 million yuan, with a net amount of 512.89 million yuan after costs [4]