Core Viewpoint - The company reported a significant improvement in its financial performance for Q3 2025, with revenue doubling year-on-year, driven by a recovery in the consumer electronics market and product line expansion, while net losses narrowed significantly [2][3][4]. Financial Performance Summary - Q3 2025 revenue reached approximately 250.55 million yuan, representing a year-on-year increase of 117.99%, while revenue for the first nine months of 2025 totaled approximately 717.00 million yuan, up 107.81% year-on-year [2]. - The net loss attributable to shareholders for Q3 2025 was approximately 31.67 million yuan, and for the first nine months, it was approximately 76.35 million yuan, indicating a significant narrowing of losses compared to the previous year [2]. - The basic earnings per share for Q3 2025 was -0.08 yuan, and for the first nine months, it was -0.19 yuan, reflecting the ongoing loss but with a reduced magnitude [2]. - As of September 30, 2025, total assets were approximately 1.82 billion yuan, a slight increase of 0.56% from the end of the previous year, while equity attributable to shareholders was approximately 1.45 billion yuan, down 2.24% due to net losses, but the decline was less severe than in prior periods [2]. Revenue Growth Drivers - The significant revenue growth was primarily driven by a recovery in the consumer electronics market, with increased demand for high-performance power management chips [3]. - The expansion of product lines, including the successful outsourcing of certain audio coil motor driver chips and the introduction of a new sensor chip product line, contributed to revenue growth [3]. - Overall business scale expanded rapidly, with increased orders and delivery volumes supporting the revenue surge [3]. Loss Narrowing Factors - The improvement in gross profit margins was a key factor in narrowing losses, attributed to business scale expansion and effective upstream supply chain integration [4]. - Effective cost control measures led to a reduction in sales expenses, which decreased to approximately 41.18 million yuan for the first nine months of 2025, down from approximately 48.51 million yuan in the same period last year [4]. - The risk of asset impairment was mitigated, with asset impairment losses for the first nine months of 2025 amounting to approximately 2.85 million yuan, significantly lower than the 19.48 million yuan recorded in the same period last year [4]. R&D Investment Insights - R&D investment reached approximately 197 million yuan for the first nine months of 2025, reflecting a year-on-year increase of 2.68%, ensuring continued technological innovation and product iteration [5]. - The proportion of R&D investment relative to revenue was 27.48%, a decrease of 28.14 percentage points year-on-year, primarily due to the substantial revenue growth [5].

Core Insights - Xidi Micro (688173.SH) reported its Q3 2025 results, revealing that 13 institutional investors hold a total of 71.41 million shares, representing 17.38% of the company's total equity [1] - The top ten institutional investors collectively hold 17.36% of the shares, which is a decrease of 2.45 percentage points compared to the previous quarter [1] Institutional Holdings - The number of institutional investors holding Xidi Micro shares has remained stable, with a total of 13 investors disclosing their holdings [1] - The top ten institutional investors include notable entities such as Chongqing Weichun Enterprise Management Consulting Co., Ltd. and Hong Kong Central Clearing Limited [1] Public Fund Activity - Two public funds increased their holdings in this period, including E Fund CSI 1000 Quantitative Enhanced A and Penghua Smart Investment Digital Economy Mixed A, with a slight increase in the proportion of shares held [2] - Six new public funds disclosed their holdings, including notable funds like China Merchants CSI 1000 Enhanced Strategy ETF and Wan Ke Growth Enterprise Board Index Enhanced A [2] - A total of 84 public funds did not disclose their holdings in this period, indicating a significant turnover in public fund participation [2] Foreign Investment - One new foreign institutional investor disclosed its holdings in this period, specifically Hong Kong Central Clearing Limited [2]

Core Insights - The company reported a significant increase in revenue for the first three quarters of 2025, achieving 717 million yuan, a year-on-year growth of 107.81% [1] - The net profit attributable to shareholders narrowed to a loss of 76.35 million yuan, compared to a loss of 196 million yuan in the same period last year, indicating improved financial performance [1][2] Revenue Growth - The revenue growth was primarily driven by a recovery in the consumer electronics market, with increased demand for high-performance power management chips [1] - The smart visual perception business, particularly the voice coil motor driver chip product line, saw significant revenue growth due to the gradual realization of self-sourced production [1] - The newly added sensor chip product line contributed to revenue growth during the reporting period [1] Cost Management and Efficiency - The narrowing of losses was attributed to an increase in gross profit due to the expansion of the company's overall business scale and product matrix [2] - The company implemented measures to strengthen cost control, resulting in a decrease in sales expenses despite significant business growth [2] - The risk of inventory impairment has been effectively mitigated, leading to a reduction in impairment provisions compared to the previous year [2] Research and Development - The company invested 197 million yuan in R&D during the first three quarters, reflecting a year-on-year increase of 2.68% [2] - Consumer chips have been integrated into the supply chains of major clients such as Xiaomi, OPPO, and vivo, and have extended into the AI glasses sector [2] - Automotive-grade chips have entered Qualcomm's smart cockpit platform, being applied in brands like Audi and Xiaopeng, showcasing the company's strategic expansion into emerging markets [2]

Core Viewpoint - The company reported significant growth in revenue for Q3 2025, achieving 251 million yuan, a year-on-year increase of 117.99%, while narrowing its net loss to 31.67 million yuan [1] Group 1: Financial Performance - In Q3 2025, the company achieved operating revenue of 251 million yuan, reflecting a year-on-year growth of 117.99% [1] - The net profit attributable to the parent company recorded a loss of 31.67 million yuan, showing a significant narrowing compared to previous periods [1] Group 2: Product Development and Market Position - The company has launched customized chip products for silicon anode battery applications, which feature a wide voltage range, high efficiency, and intelligent current limiting solutions [1] - These products significantly extend device usage time and enhance the end-user experience, positioning them as a preferred solution for improving battery life in AI smartphones and other smart electronic devices [1] - The company has successfully delivered products to globally recognized brands such as Xiaomi, OPPO, vivo, Transsion, and Lenovo, establishing a leading market position [1] - The application scenarios for these products have been extended to cutting-edge fields such as AI glasses [1]

证券代码：688173 证券简称：希荻微 公告编号：2025-087 希荻微电子集团股份有限公司 第二届监事会第二十三次会议决议公告 本公司监事会及全体监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。 （二）审议通过《关于作废 2022 年三期限制性股票激励计划部分已授予尚 未归属的限制性股票的议案》 监事会认为：公司本次作废 2022 年三期限制性股票激励计划部分已授予尚 未归属的限制性股票符合《上市公司股权激励管理办法》以及公司《2022 年限 制性股票激励计划（草案）》《2022 年第二期限制性股票激励计划（草案）》《2022 年第三期限制性股票激励计划（草案）》中的相关规定，决策程序合法、合规， 不存在损害公司及股东利益的情形。监事会同意公司作废 2022 年三期限制性股 票激励计划部分已授予尚未归属的限制性股票。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披露的《希荻 微电子集团股份有限公司关于作废 2022 年三期限制性股票激励计划部分已授予 尚未归属 ...

证券代码：688173 证券简称：希荻微 公告编号：2025-086 希荻微电子集团股份有限公司 第二届董事会第二十七次会议决议公告 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。 一、董事会会议召开情况 希荻微电子集团股份有限公司（以下简称"公司"）第二届董事会第二十七 次会议于 2025 年 10 月 20 日以通讯方式和书面方式发出通知，并于 2025 年 10 月 30 日以现场及通讯表决方式召开。本次会议由公司董事长 TAO HAI（陶海） 先生主持，会议应参加表决的董事为 8 人，实际参加会议表决的董事为 8 人。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》（以下简称"《公 司法》"）和《希荻微电子集团股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，会议决议合法、有效。 二、董事会审议情况 经审核，董事会认为：公司 2025 年第三季度报告的编制符合相关法律法规 及《公司章程》等内部规章制度的规定；季度报告编制过程中，未发现公司参与 季度报告编制和审议的人员有违反保密规定的行为。20 ...

证券代码：688173 证券简称：希荻微 公告编号：2025-088 希荻微电子集团股份有限公司 部分已授予尚未归属的限制性股票的公告 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。 希荻微电子集团股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日 召开第二届董事会第二十七次会议、第二届监事会第二十三次会议，审议通过了 《关于作废 2022 年三期限制性股票激励计划部分已授予尚未归属的限制性股票 的议案》，现将有关事项说明如下： 一、公司限制性股票激励计划已履行的决策程序和信息披露情况 （一）2022 年限制性股票激励计划已履行的决策程序和信息披露情况 1. 2022 年 3 月 24 日，公司召开第一届董事会第二十次会议，审议通过了《关 于公司<2022 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2022 年限制性股票激励计划实施考核管理办法>的议案》以及《关于提请股东大会授 权董事会办理股权激励相关事宜的议案》等议案。公司独立董事就本激励计划相 关议案发表了独立意见。 2. 2022 ...

北京金诚同达（上海）律师事务所 关于 释 义 在本法律意见书中，除非文意另有所指，下列词语具有下述涵义： 2022 年限制性股票激励计划 部分限制性股票作废事项的 | 希荻微、公司 | 指 | 希荻微电子集团股份有限公司，原企业名称为广东希荻微电子 | | --- | --- | --- | | | | 股份有限公司 | | 本激励计划、2022 | 年 指 | 希荻微电子集团股份有限公司 年限制性股票激励计划 2022 | | 激励计划 | | | | 《激励计划（草案）》 | 指 | 《广东希荻微电子股份有限公司 年限制性股票激励计划 2022 （草案）》 | | 本次作废 | 指 | 公司作废本激励计划已授予但尚未归属的 2,107,000 股限制性 | | | | 股票 | | 《公司法》 | 指 | 《中华人民共和国公司法》 | | 《证券法》 | 指 | 《中华人民共和国证券法》 | | 《管理办法》 | 指 | 《上市公司股权激励管理办法》 | | 《上市规则》 | 指 | 《上海证券交易所科创板股票上市规则》 | | 《公司章程》 | 指 | 《希荻微电子集团股份有限公司章程》 | | 中国证 ...

北京金诚同达（上海）律师事务所 关于 希荻微电子集团股份有限公司 2022 年第二期限制性股票激励计划 部分限制性股票作废事项的 法律意见书 上海市浦东新区世纪大道88号金茂大厦18层 电话：86-21-3886 2288 传真：021-3886 2288*1018 北京金诚同达（上海）律师事务所 法律意见书 释 义 | 希荻微、公司 | 指 | 希荻微电子集团股份有限公司，原企业名称为广东希荻微电子 | | --- | --- | --- | | | | 股份有限公司 | | 本激励计划、2022 | 年 指 | 希荻微电子集团股份有限公司 2022 年第二期限制性股票激励 | | 激励计划 | | 计划 | | 《激励计划（草案）》 | 指 | 《广东希荻微电子股份有限公司 2022 年第二期限制性股票激 | | | | 励计划（草案）》 | | 本次作废 | 指 | 公司作废本激励计划已授予但尚未归属的 5,510,085 股限制性 | | | | 股票 | | 《公司法》 | 指 | 《中华人民共和国公司法》 | | 《证券法》 | 指 | 《中华人民共和国证券法》 | | 《管理办法》 | 指 | ...

北京金诚同达（上海）律师事务所 关于 希荻微电子集团股份有限公司 2022 年第三期限制性股票激励计划 部分限制性股票作废事项的 法律意见书 上海市浦东新区世纪大道88号金茂大厦18层 电话：86-21-3886 2288 传真：021-3886 2288*1018 北京金诚同达（上海）律师事务所 法律意见书 释 义 | 在本法律意见书内，除非文意另有所指，下列词语具有下述涵义： | | --- | | 希荻微、公司 | 指 | 希荻微电子集团股份有限公司，原企业名称为广东希荻 | | --- | --- | --- | | | | 微电子股份有限公司 | | 本激励计划、2022 年激励计 | 指 | 希荻微电子集团股份有限公司 2022 年第三期限制性股票 | | 划 | | 激励计划 | | 《激励计划（草案）》 | 指 | 《广东希荻微电子股份有限公司 2022 年第三期限制性股 | | | | 票激励计划（草案）》 | | 本次作废 | 指 | 公司作废本激励计划已授予但尚未归属的 351,000 股限 | | | | 制性股票 | | 《公司法》 | 指 | 《中华人民共和国公司法》 | | 《证 ...