Core Insights - The company has successfully integrated its high-performance power management chips into Meta's supply chain for smart glasses, with ongoing orders being shipped [1] - The company's products are also widely used by various domestic and international brands, including Thunderbird and Yijing, in their AI/AR glasses [1] Company Developments - The company's power management chips have passed through ODM manufacturers and are now part of Meta's product offerings [1] - Continuous shipment of related orders indicates strong demand and operational efficiency [1] Industry Impact - The integration into Meta's supply chain highlights the growing importance of power management solutions in the AI/AR glasses market [1] - The collaboration with multiple brands suggests a robust market presence and potential for future growth in the sector [1]

Core Insights - The company, 希荻微, has successfully integrated its lithium battery charging management chips, port protection, and signal switching chips into Google's supply chain since 2021, indicating a strong partnership and demand for its products in the mobile smart terminal market [1] Company Summary - The products of 希荻微 are widely used in Google's mobile smart terminal devices, including smartphones and laptops, showcasing the company's capability to meet the technological needs of major industry players [1]

希荻微电子集团股份有限公司（以下简称"公司"）原实际控制人之一戴祖渝女士于2025年5月逝世，戴 祖渝女士生前直接持有公司股份93,790,457股。2025年8月25日，经广东省深圳市先行公证处公证，上述 股份全部由其长子暨公司实际控制人之一TAO HAI（陶海）先生继承。具体内容详见公司于2025年8月 26日披露的《希荻微电子集团股份有限公司关于公司实际控制人变更暨股东权益变动的提示性公告》 （公告编号：2025-065）及《希荻微电子集团股份有限公司详式权益变动报告书》。 （文章来源：证券时报） 鉴于股份继承过户登记手续所需的相关文件及所涉及的费用仍在准备和筹措过程中，办理周期和程序比 预期较长和繁杂，截至本公告披露之日，上述股份继承过户尚未办理完成。公司将持续关注相关事项进 展情况，并及时履行信息披露义务。 ...

鉴于股份继承过户登记手续所需的相关文件及所涉及的费用仍在准备和筹 措过程中，办理周期和程序比预期较长和繁杂，截至本公告披露之日，上述股份 继承过户尚未办理完成。公司将持续关注相关事项进展情况，并及时履行信息披 露义务。 特此公告。 希荻微电子集团股份有限公司 关于原实际控制人股份继承过户的进展公告 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。 希荻微电子集团股份有限公司（以下简称"公司"）原实际控制人之一戴祖 渝女士于 2025 年 5 月逝世，戴祖渝女士生前直接持有公司股份 93,790,457 股。 2025 年 8 月 25 日，经广东省深圳市先行公证处公证，上述股份全部由其长子暨 公司实际控制人之一 TAO HAI（陶海）先生继承。具体内容详见公司于 2025 年 8 月 26 日披露的《希荻微电子集团股份有限公司关于公司实际控制人变更暨股 东权益变动的提示性公告》（公告编号：2025-065）及《希荻微电子集团股份有 限公司详式权益变动报告书》。 证券代码：688173 证券简称：希荻微 公告编号：2025-0 ...

Core Viewpoint - The stock of Xidi Microelectronics has shown a significant increase in price this year, but recent trading data indicates a decline in the short term, raising questions about its future performance [1][2]. Group 1: Stock Performance - On November 24, Xidi Microelectronics' stock rose by 2.04%, reaching 13.50 CNY per share, with a trading volume of 52.64 million CNY and a turnover rate of 0.97%, resulting in a total market capitalization of 5.56 billion CNY [1]. - Year-to-date, the stock price has increased by 21.84%, but it has experienced declines of 7.79% over the last five trading days, 14.66% over the last 20 days, and 16.97% over the last 60 days [1]. Group 2: Company Overview - Xidi Microelectronics, established on September 11, 2012, and listed on January 21, 2022, is a leading semiconductor and integrated circuit design company in China, focusing on the research, design, and sales of analog integrated circuit products, including power management and signal chain chips [1][2]. - The company's main products include DC/DC chips, super-fast charging chips, lithium battery fast charging chips, port protection, and signal switching chips, primarily used in smartphones, laptops, and wearable devices [1]. Group 3: Financial Performance - For the period from January to September 2025, Xidi Microelectronics reported a revenue of 717 million CNY, representing a year-on-year growth of 107.81%, while the net profit attributable to shareholders was -76.35 million CNY, showing a year-on-year increase of 60.94% [2]. - As of September 30, 2025, the number of shareholders increased by 3.18% to 14,700, with an average of 27,736 circulating shares per person, up by 64.39% [2].

Core Viewpoint - The company has completed the second exercise period of its 2021 stock option incentive plan, allowing for the exercise of 822,927 shares, which represents 0.20% of the company's total share capital prior to the exercise [2][17]. Summary by Sections Stock Option Exercise Details - The number of shares exercised in this round is 822,927, which will be tradable three years after the exercise date, expected to be on November 19, 2028 [2][13]. - The decision for this exercise was approved during the second meeting of the second board of directors on January 26, 2024 [2]. Historical Context of Stock Option Plan - The stock option plan was initially approved in October 2020, prior to the company's transformation into a joint-stock company, and involved signing option grant agreements with employees [2][3]. - In 2021, the company granted a total of 35,562,800 stock options to 103 employees, with a validity period of 10 years [3]. Previous Exercise Periods - The first exercise period saw multiple rounds of exercises, with the first round involving 1,480,270 shares, the second round 3,044,935 shares, and the third round 771,809 shares [4][5][6]. - The first exercise period was extended by one year, affecting the start of the second exercise period [7]. Financial Impact of the Current Exercise - Following this exercise, the total share capital will increase from 411,209,841 shares to 412,032,768 shares, with no significant impact on the company's equity structure [17]. - The basic earnings per share and net asset value per share remain largely unchanged, indicating that the exercise does not materially affect the company's financial performance [17].

证券代码：688173 证券简称：希荻微 公告编号：2025-092 希荻微电子集团股份有限公司 2021 年股票期权激励计划第二个行权期 第二次行权结果暨股份变动公告 一、本次股票期权行权的决策程序及相关信息披露 2020 年 10 月，在公司整体变更为股份有限公司之前，广东希荻微电子有限 公司（以下简称"希荻有限"）召开董事会、股东会，审议通过《广东希荻微电 子有限公司期权激励计划（草案）》等与该激励计划相关的议案，并同意希荻有 限与员工签订《期权授予协议》。 2021 年，鉴于希荻有限已完成股份制改造，所授予员工的期权数量单位由 注册资本额转变为股数，员工所持有的期权所对应的股权比例不变，公司沿用《广 东希荻微电子有限公司期权激励计划（草案）》的内容制定并实施了《广东希荻 本次行权股票数量：822,927 股，占本次行权前公司总股本的比例为 0.20%。 本次行权股票上市流通时间：本次行权的股票自行权日起三年后可上市流通， 预计上市流通时间为 2028 年 11 月 19 日。 微电子股份有限公司股票期权激励计划（草案）》（以下简称"《2021 年股票 期权激励计划》"），公司与员工签署《股票期权授予协 ...

Core Insights - The article highlights the rapid growth and competitive advantages of Guangdong's smart wearable industry, particularly centered around the Huaqiangbei market, which has become a global hub for smart wearable products [1][2][4]. Industry Overview - In the first three quarters of this year, the number of registered smart wearable products in China reached 181,000, a 91.4% increase from September 2020, with Guangdong accounting for 158,400 of these products [1]. - The smart wearable industry in Guangdong is characterized by a complete supply chain from research and design to manufacturing and marketing, enabling rapid product development and market responsiveness [2][4]. Competitive Advantages - The smart wearable products in Huaqiangbei exhibit three core competitive advantages: market sensitivity, rapid response capabilities, and high cost-performance ratio [2]. - Guangdong's smart wearable industry benefits from a multi-layered, three-dimensional structure, with leading companies showcasing strong product definition and technological innovation [3][4]. Policy Support - The growth of the smart wearable industry is supported by a series of government policies aimed at fostering research, innovation, and talent acquisition [4][5]. - As of October 2025, there are over 18,000 wearable device-related companies in China, with Guangdong housing more than 13,000, representing 70.54% of the national total [4]. Future Trends - The global consumer-grade smart wearable market is projected to reach $36.273 billion by 2025 and $97.371 billion by 2032, with a compound annual growth rate of 15.15% [5]. - Future developments in smart wearables are expected to focus on higher precision sensors for specialized applications in education and healthcare, as well as integrating large models for personalized services [5]. Transformation of the Industry - Guangdong's smart wearable industry has transitioned from a focus on low-end markets to becoming a leader in innovation, particularly in the smart glasses sector, where it produces over 50% of the country's smart glasses [6][7]. - The industry has shifted from being a follower in technology to becoming a leader, with companies developing new technologies and standards for smart glasses and other wearable devices [7].

Core Viewpoint - As of November 13, a total of 124 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Significant Net Buying - The stock with the longest consecutive net buying days is Beijing Bank, which has seen net buying for 13 consecutive trading days [1] - Other notable stocks with significant net buying days include Xidi Micro, CITIC Bank, Dingyang Technology, Yindu Co., Galaxy Microelectronics, Xingyu Co., Shihua Technology, and Xinke Mobile [1]

Group 1 - The company has established a special account for raised funds and signed a tripartite supervision agreement for the storage of these funds [1][3][19] - The company was approved to publicly issue 40,010,000 shares at a price of RMB 33.57 per share, raising a total of RMB 1,343.14 million, with a net amount of RMB 1,221.41 million after deducting issuance costs [2][19] - The company held board meetings on October 13, 2025, to approve the establishment of the special account to enhance the efficiency of fund usage [2][19] Group 2 - The tripartite supervision agreement was signed with the sponsor and three banks, including Industrial Bank, Shanghai Pudong Development Bank, and Zhuhai China Resources Bank [3][5][14] - The special accounts are exclusively for the storage and use of excess funds raised from the initial public offering and cannot be used for other purposes [6][10][14] - The company is required to notify the sponsors if it withdraws more than 20% of the net raised funds within 12 months [8][12][17] Group 3 - The sponsors have the right to supervise the use of the raised funds and can conduct on-site investigations and written inquiries [7][11][16] - The agreement stipulates that the banks must provide monthly account statements to the company and sponsors [8][12][17] - The agreement is governed by Chinese law and any disputes will be resolved through arbitration [9][18]