Investment Rating - The investment rating for the company is "Buy" and is maintained [2][10]. Core Views - The company is expected to see a sequential increase in revenue in the second half of the year, driven by an improved product mix and stable pricing [6]. - The company has successfully validated cost-reduction solutions for Wi-Fi 6/6E and has entered mass production for the second-generation non-linear Wi-Fi 7 module, which shows significant improvements in energy efficiency and signal quality [7]. - The company is diversifying its product offerings, with successful sales of L-PAMiD modules and plans for new products targeting both domestic and international markets [8]. Financial Performance - The company reported a revenue of 987 million yuan in the first half of the year, a year-on-year decrease of 7.93%, with the RF power amplifier module contributing 80.19% of the main business revenue [6]. - The projected revenues for 2025, 2026, and 2027 are 2.32 billion, 2.94 billion, and 3.53 billion yuan respectively, with net profits expected to be 40 million, 140 million, and 406 million yuan [9][11]. - The company’s gross margin for Q2 was 28.02%, showing a year-on-year increase of 4.05 percentage points and a quarter-on-quarter increase of 6.76 percentage points [6]. Relative Valuation - The company is one of the earliest integrated circuit design firms in China focusing on RF front-end chip development, with a strong position in the RF power amplifier market [14]. - Compared to peers, the company is expected to maintain a price-to-sales (P/S) ratio of 7.38 in 2025, which is competitive within the industry [15].

Company Overview - Weijie Chuangxin (Tianjin) Electronic Technology Co., Ltd. specializes in the research, design, and sales of RF front-end chips, primarily providing RF power amplifier module products, as well as RF switch chips, Wi-Fi RF front-end modules, and receiving end modules [2] - The company's main business revenue composition includes RF power amplifier modules at 79.96%, receiving end modules at 19.75%, and other supplementary products at 0.29% [2] Financial Performance - For the first half of 2025, Weijie Chuangxin achieved operating revenue of 987 million yuan, a year-on-year decrease of 7.93%, and a net profit attributable to shareholders of -9.43 million yuan, a year-on-year decrease of 183.72% [2] - Since its A-share listing, the company has distributed a total of 23.01 million yuan in dividends [3] Shareholder and Market Activity - As of June 30, 2025, the number of shareholders for Weijie Chuangxin increased by 17.92% to 12,400, with an average of 12,951 circulating shares per person, up by 19.78% [2] - On September 18, 2023, the company experienced a financing buy-in of 28.31 million yuan, with a net financing buy of -9.48 million yuan, indicating a high level of financing activity [1] - The total financing and securities lending balance reached 217 million yuan, with the financing balance accounting for 3.69% of the circulating market value, which is above the 90th percentile level over the past year [1]

Core Points - The company, Vanchip, will hold a semi-annual performance briefing on September 29, 2025, from 15:30 to 16:30 [2][3] - The briefing aims to provide investors with a comprehensive understanding of the company's operational results and financial status [3] - Investors can submit questions via email by September 28, 2025, and the company will address common concerns during the briefing [2][4] Meeting Details - The meeting will take place online at the Shanghai Securities News and China Securities Network Roadshow Center [2][4] - Key participants include the General Manager, Financial Officer, Board Secretary, and an Independent Director [4] - Investors can log in to participate and ask questions during the specified time [4][5] Contact Information - The company has provided contact details for inquiries, including a phone number and an email address for investor relations [5]

证券代码：688153 证券简称：唯捷创芯 公告编号：2025-063 唯捷创芯（天津）电子技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 9 月 29 日（星期一）15:30-16:30 二、说明会召开的时间、地点 会议召开时间：2025 年 9 月 29 日（星期一）15:30-16:30 会议召开地点：上海证券报·中国证券网路演中心（https://roadshow.cnstock. com/） 会议召开方式：网络文字互动 1 会 议 召 开 地 点 ： 上 海 证 券 报 · 中 国 证 券 网 路 演 中 心 （https://roadshow.cnstock.com/） 会议召开方式：网络文字互动 投资者可于 2025 年 9 月 28 日（星期日）18:00 前，将需要了解的情况和 相关问题，通过电子邮件的形式发送至公司投资者关系邮箱 IR@vanchip.com。 公司将在说明会上对投资者普遍关注的问 ...

中国经济网北京9月18日讯 唯捷创芯(688153.SH)昨日晚间发布董事、高级管理人员减持股份计划公 告。公司于近日收到辛静、周颖、赵焰萍出具的《关于股东减持计划的告知函》。 因自身资金需求，辛静拟通过集中竞价方式减持不超过327,820股公司股份，拟减持比例不超过公 司总股本的0.08%；周颖拟通过集中竞价方式减持不超过491,731股公司股份，拟减持比例不超过公司总 股本的0.11%；赵焰萍拟通过集中竞价方式减持不超过327,820股公司股份，拟减持比例不超过公司总股 本的0.08%。上述股东将于减持股份计划公告披露之日起15个交易日后的3个月内进行减持。 唯捷创芯于2022年4月12日在上交所科创板上市，公开发行股票4008.00万股，发行价格为66.60元/ 股，保荐机构（主承销商）为中信建投证券股份有限公司，保荐代表人为武鑫、沈杰。目前该股处于破 发状态。 若减持期间公司有派息、送股、资本公积金转增股本、配股等除权除息等事项，减持股份数将进行 相应调整。 截至公告披露日，公司董事、高级管理人员辛静直接持有公司股份1,311,283股，占公司总股本的 0.30%；董事周颖直接持有公司股份1,966, ...

Core Viewpoint - The announcement details the share reduction plans of directors and senior management of Weijie Chuangxin (Tianjin) Electronics Technology Co., Ltd. due to personal funding needs, with specific share quantities and percentages outlined for each individual involved [2][3]. Summary by Relevant Sections Shareholding Status of Directors and Senior Management - As of the announcement date, Ms. Xin Jing holds 1,311,283 shares (0.30% of total shares), Ms. Zhou Ying holds 1,966,925 shares (0.46%), and Ms. Zhao Yanping holds 1,311,283 shares (0.30%). These shares were obtained through equity incentives, with some shares becoming tradable from September 15, 2025 [2]. Details of the Reduction Plan - Ms. Xin Jing plans to reduce up to 327,820 shares (0.08% of total shares), Ms. Zhou Ying plans to reduce up to 491,731 shares (0.11%), and Ms. Zhao Yanping plans to reduce up to 327,820 shares (0.08%). The reduction will occur within three months after the announcement, starting 15 trading days later [3][5]. - If there are any corporate actions such as dividends or stock splits during the reduction period, the number of shares to be reduced will be adjusted accordingly [3]. Compliance with Previous Commitments - The reduction plan is consistent with prior commitments made by the directors and senior management regarding shareholding and reduction practices, which include restrictions on selling shares for a specified period after the company's IPO [6][7]. Additional Information - The announcement confirms that the directors and senior management have not reduced their holdings since the company's listing [4]. - The company will adhere to relevant laws and regulations during the reduction process, ensuring compliance with the stock incentive plan and timely disclosure of information [8].

Group 1 - On September 17, Junsheng Electronics disclosed an increase in shareholding, with Junsheng Group acquiring 700,000 A-shares during the period of unusual stock fluctuations [1][2] - A total of 29 A-share listed companies announced share reductions, including notable firms such as Shuanglu Pharmaceutical, Xinruida, and Boyun New Materials [1][2] Group 2 - Shuanglu Pharmaceutical's board secretary plans to reduce holdings by no more than 0.0365% of the company's shares [2] - Xinruida's shareholder Dai Yongjian intends to reduce holdings by no more than 0.13% [2] - Boyun New Materials' shareholder Gao Chuangtou plans to reduce holdings by no more than 1% [2] - Other companies with planned reductions include Guanggang Gas, Hanyi Co., and Weilan Lithium, with reductions ranging from 0.16% to 3.48% [2]

Core Viewpoint - The announcement from Weijie Chuangxin indicates that several executives plan to reduce their shareholdings in the company due to personal financial needs, which may impact investor sentiment and stock performance [2] Summary by Relevant Sections Shareholding Details - Executive Xin Jing holds 1,311,283 shares, accounting for 0.30% of the total share capital - Executive Zhou Ying holds 1,966,925 shares, accounting for 0.46% of the total share capital - Executive Zhao Yanping holds 1,311,283 shares, accounting for 0.30% of the total share capital [2] Reduction Plans - Xin Jing plans to reduce her holdings by up to 327,820 shares, representing a maximum of 0.08% of the total share capital - Zhou Ying plans to reduce her holdings by up to 491,731 shares, representing a maximum of 0.11% of the total share capital - Zhao Yanping plans to reduce her holdings by up to 327,820 shares, representing a maximum of 0.08% of the total share capital [2] Timeline for Reduction - The share reduction will occur within three months following the announcement, starting 15 trading days after the disclosure [2]

Core Viewpoint - The announcement reveals that senior management of Weijie Chuangxin (Tianjin) Electronics Technology Co., Ltd. plans to reduce their shareholdings due to personal financial needs, with specific details on the number of shares and the timeline for the reduction [1][2]. Group 1: Shareholding Reduction Details - Directors Xin Jing and Zhou Ying, along with senior manager Zhao Yanping, intend to reduce their holdings through centralized bidding [1]. - Xin Jing holds 1.311283 million shares (0.30% of total shares), Zhou Ying holds 1.966925 million shares (0.46%), and Zhao Yanping holds 1.311283 million shares (0.30%) [1]. - The planned reductions are as follows: Xin Jing up to 327,820 shares (0.08%), Zhou Ying up to 491,731 shares (0.11%), and Zhao Yanping up to 327,820 shares (0.08%) [1]. Group 2: Timeline and Conditions - The reduction period is set from October 17, 2025, to January 16, 2026, starting 15 trading days after the announcement [1]. - Any adjustments to the number of shares to be reduced will occur if there are corporate actions such as dividends or stock splits during the reduction period [1][2]. Group 3: Compliance with Previous Commitments - The executives had previously made commitments regarding their shareholding, including a three-year lock-up period post-exercise of stock options and restrictions on selling shares after the company's IPO [2]. - The executives will decide on the implementation of the reduction plan based on market conditions and personal financial needs, introducing uncertainty regarding the timing and quantity of shares to be sold [2].

Group 1 - The company, Weijie Chuangxin, announced that as of the disclosure date, key executives hold a total of approximately 1.31 million shares (0.3% of total shares) by Ms. Xin Jing, 1.97 million shares (0.46% of total shares) by Ms. Zhou Ying, and 1.31 million shares (0.3% of total shares) by Ms. Zhao Yanping, with some shares becoming tradable from September 15, 2025 [1] - Due to personal financial needs, Ms. Xin Jing plans to reduce her holdings by up to 330,000 shares (0.08% of total shares), Ms. Zhou Ying by up to 490,000 shares (0.11% of total shares), and Ms. Zhao Yanping by up to 330,000 shares (0.08% of total shares) through centralized bidding within three months after the announcement [1] - For the year 2024, the company's revenue composition is projected to be 99.94% from integrated circuit design and 0.06% from other businesses [1] Group 2 - The current market capitalization of Weijie Chuangxin is 15 billion yuan [2]