Group 1 - Yandong Microelectronics' stock price has declined for three consecutive days, with a total drop of 10.9% during this period, currently trading at 24.19 CNY per share and a market capitalization of 34.534 billion CNY [1] - The company, established on October 6, 1987, specializes in the design, production, and sales of discrete devices, analog integrated circuits, special integrated circuits, and semiconductor wafer manufacturing and packaging testing services [1] - The revenue composition of Yandong Microelectronics includes 47.18% from products and solutions, 43.91% from manufacturing and services, and 5.79% from other sources [1] Group 2 - Fuyong Fund's "Fuyong Research Optimal Mixed A" (015657) holds 58,700 shares of Yandong Microelectronics, accounting for 1.81% of the fund's net value, making it the fifth-largest holding [2] - The fund has experienced a floating loss of approximately 19,900 CNY today and a total floating loss of 173,600 CNY over the three-day decline [2] - Since its establishment on September 19, 2023, the fund has achieved a return of 48.64% this year, ranking 1145 out of 8223 in its category [2]

Core Insights - The latest investment direction of the "National Big Fund" has emerged, with 30 A-share listed companies having the fund as a significant shareholder [1] Group 1: Investment Holdings - The "National Big Fund" has significant holdings in companies such as Northern Huachuang, Hushi Silicon Industry, and Tuojing Technology, among others [1] - The fund's investments are primarily in the semiconductor and integrated circuit sectors, reflecting a strategic focus on these industries [1] Group 2: Company Performance - Northern Huachuang reported a Q3 revenue of 11.16 billion yuan, a year-on-year increase of 38.31%, with a net profit of 1.92 billion yuan, up 14.60% [3] - Hushi Silicon Industry achieved a Q3 revenue of 944 million yuan, a 3.79% increase, but reported a net loss of 265 million yuan [4] - Tuojing Technology saw a significant Q3 revenue increase of 124.15% to 2.27 billion yuan, with a net profit of 462 million yuan, up 225.07% [5]

Core Insights - Yandong Microelectronics reported a revenue increase of 18.03% year-on-year for the first three quarters of 2025, reaching 1.167 billion yuan, but continued to incur losses [1] - The net profit attributable to shareholders was a loss of 13.4004 million yuan, and the non-recurring net profit loss was 549 million yuan, significantly worsening from a loss of 193 million yuan in the same period last year [1] - The company's performance has been declining since its listing in 2022, with increasing losses [1] Financial Performance - For Q3 2025, Yandong Microelectronics achieved a revenue of 508 million yuan, a year-on-year increase of 36.59% [1] - The net profit attributable to shareholders for Q3 was a loss of 141 million yuan, compared to a loss of 107 million yuan in the same period last year, indicating an expansion of losses [1] - The operating cash flow for the first three quarters of 2025 decreased significantly by 144.43% to -156 million yuan [2] Historical Performance - From 2021 to 2024, the non-recurring net profit attributable to shareholders was 385 million yuan, 365 million yuan, 292 million yuan, and -288 million yuan respectively, showing a downward trend [1]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][8][14] - The company plans to hold a performance briefing for the third quarter of 2025 on November 26, 2025, to discuss its operational results, financial status, and development philosophy [9][10][11] Financial Data - The company reported a provision for asset impairment amounting to 167.35 million yuan for the first three quarters of 2025, which includes credit impairment losses of 17.52 million yuan and inventory write-downs of 149.82 million yuan [15][16][17] - The impairment provisions will reduce the total consolidated profit for the first three quarters of 2025 by 167.35 million yuan [17][18] Shareholder Information - The company has not reported any changes in the number of shareholders or significant shareholders due to the transfer of shares for margin trading [4] Meeting Details - The performance briefing will be conducted online, allowing investors to submit questions in advance from November 19 to November 25, 2025 [9][12]

Core Viewpoint - Yan Dong Microelectronics (688172.SH) reported a significant increase in revenue for Q3 2025, but also posted a net loss for the period [1] Financial Performance - The company's operating revenue reached 508 million yuan, representing a year-on-year increase of 36.59% [1] - The net profit attributable to shareholders of the listed company was -141 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -159 million yuan [1]

Group 1 - The core viewpoint of the article highlights that Beijing Yandong Microelectronics Co., Ltd. reported a revenue of 1.167 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 18.03%, while the net profit attributable to shareholders was a loss of 13.4 million yuan [1] - In the third quarter alone, the company achieved a revenue of 507 million yuan, which is a year-on-year increase of 36.59%, with a net profit loss of 141 million yuan [1] - Research and development investment for the first three quarters increased by 161.85% year-on-year, while the third quarter saw a year-on-year increase of 105.54% [1] Group 2 - The company's main business includes two segments: products and solutions, and manufacturing and services. The products and solutions segment focuses on discrete devices and analog integrated circuits, adopting an IDM model that integrates chip design, wafer manufacturing, and packaging testing [1] - The manufacturing and services segment specializes in semiconductor foundry and packaging testing services, utilizing 6-inch, 8-inch, and 12-inch wafer production lines to provide professional outsourcing services for semiconductor companies [1] - The 8-inch and 6-inch wafer production lines have multiple process platforms capable of mass production, and some process platforms of the 12-inch production line have also achieved mass production [1]

第二条 本办法所称募集资金，是指公司通过公开发行证券（包括首次公开发行 股票、配股、增发、发行可转换公司债券、分离交易的可转换公司债券、权证等） 以及非公开发行证券向投资者募集并用于特定用途的资金，但不包括公司为实施股 权激励计划募集的资金监管。 募集资金管理办法 第一章 总 则 第一条 为了规范北京燕东微电子股份有限公司（以下简称"燕东股份"）的募 集资金的使用与管理，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》"）、《科创板上市公司持续 监管办法（试行）》、《上海证券交易所科创板上市公司自律监管指引第 1 号—规 范运作》、《上海证券交易所科创板股票上市规则》、《上市公司募集资金监管规 则》等规范性文件及《北京燕东微电子股份有限公司章程》（以下简称"《公司章 程》"）等有关规定，制定本办法。 第三条 本办法适用于北京燕东微电子股份有限公司（以下简称"燕东股份"） 及投资的全资公司、控股公司及实际控制公司（以下简称"所属公司"，燕东股份 及所属公司合并简称"燕东微"或"公司"）。 第四条 燕东股份董事会应当负责建立健全公司募集资金管理制度，并确保该 ...

Financial Performance - The company's revenue for the third quarter reached ¥507,726,838.47, an increase of 36.59% compared to the same period last year[3]. - The total profit for the quarter was a loss of ¥248,533,970.48, with a year-to-date loss of ¥212,425,946.21[3]. - The net profit attributable to shareholders was a loss of ¥141,005,771.07 for the quarter, and a loss of ¥13,400,432.67 year-to-date[3]. - Total operating revenue for the first three quarters of 2025 reached ¥1,166,668,127.75, an increase of 18% compared to ¥988,437,324.88 in the same period of 2024[19]. - The net loss for the first three quarters of 2025 was ¥130,549,128.75, slightly improved from a net loss of ¥138,646,126.39 in the same period of 2024[20]. - The comprehensive loss for the first three quarters of 2025 was ¥130,739,906.27, compared to a loss of ¥138,576,519.39 in the same period of 2024[20]. - The total comprehensive income attributable to minority shareholders was -117,148,696.08 RMB, compared to -16,588,137.78 RMB in the previous period[21]. Research and Development - Research and development expenses totaled ¥245,526,925.91 for the quarter, representing a 105.54% increase year-over-year[4]. - R&D expenses accounted for 48.36% of revenue in the current quarter, up 16.22 percentage points from the previous year[4]. - Research and development expenses surged to ¥609,540,215.35, representing a 162% increase from ¥232,782,528.55 in the previous year[19]. Assets and Liabilities - Total assets increased by 23.50% year-over-year, reaching ¥29,714,269,315.73[4]. - The equity attributable to shareholders rose by 27.26% year-over-year, totaling ¥18,678,983,710.18[4]. - Total current assets as of September 30, 2025, amount to ¥11,160,722,190.29, a decrease from ¥12,774,202,673.84 as of December 31, 2024[14]. - Total liabilities decreased to ¥3,782,574,302.73 from ¥5,765,010,087.49, indicating a reduction of approximately 34%[19]. - The total equity increased to ¥25,931,695,013.00, up from ¥18,295,186,604.65, reflecting a growth of about 42%[19]. Cash Flow - The net cash flow from operating activities for the year-to-date period was a negative ¥156,065,981.15, a decline of 144.43% compared to the previous year[3]. - Cash inflow from operating activities totaled 1,889,691,276.22 RMB, up from 1,685,509,553.47 RMB year-over-year[21]. - The net cash flow from investment activities was -8,448,596,031.72 RMB, worsening from -768,528,147.21 RMB year-over-year[22]. - Cash inflow from financing activities reached 8,696,878,891.64 RMB, compared to 91,125,300.00 RMB in the previous period[22]. - The net cash flow from financing activities was 5,678,126,586.02 RMB, a significant improvement from -47,991,451.19 RMB last year[22]. - The ending balance of cash and cash equivalents was 6,183,848,065.69 RMB, up from 4,310,037,165.27 RMB in the previous year[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 21,188[11]. - The largest shareholder, Beijing Electronic Holdings Co., Ltd., holds 645,657,112 shares, accounting for 45.21% of total shares[11]. Other Information - The company reported non-recurring gains of ¥17,691,473.95 for the quarter, with significant contributions from government subsidies and other non-operating income[6]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]. - The company will not apply new accounting standards or interpretations starting from 2025[23].

证券代码：688172 证券简称：燕东微 公告编号：2025-079 北京燕东微电子股份有限公司 关于 2025 年三季度计提资产减值准备的公告 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。 一、本次计提资产减值准备的情况 结合北京燕东微电子股份有限公司（以下简称"公司"）的实际经营情况及行 业市场变化等因素的影响，根据《企业会计准则第 22 号——金融工具确认和计 量》《企业会计准则第 8 号—资产减值》及相关会计政策规定，为客观、公允地 反映公司截至 2025 年 9 月 30 日的财务状况及 2025 年前三季度的经营成果，经 公司及所属子公司对各项金融资产、存货和长期资产等进行全面充分的评估和分 析，认为部分资产存在一定的减值迹象。预计 2025 年前三季度计提减值准备金 额为 16,734.55 万元，具体情况如下： 二、2025 年前三季度计提资产减值准备事项的具体说明 （一）信用减值损失 公司以预期信用损失为基础，对应收票据、应收账款、其他应收款进行减值 测试并确认损失准备。经测试，2025 年前三季度计提信用 ...

证券代码：688172 证券简称：燕东微 公告编号：2025-080 北京燕东微电子股份有限公司 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。 重要内容提示： 会议召开时间：2025 年 11 月 26 日（星期三）上午 11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心线上文字互动 投资者可于 2025 年 11 月 19 日 （星期三） 至 11 月 25 日 （星期二） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 bso@ydme.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 北京燕东微电子股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日在上海证券交易所网站（www.sse.com.cn）披露了公司 2025 年第三季度报告。 为便于广大投资 ...