Core Viewpoint - Gaon Electronics, established in March 2010 and listed on the Shanghai Stock Exchange in December 2021, is a leading EDA company in China, providing products and solutions widely validated by global integrated circuit design and manufacturing enterprises, showcasing high technical barriers and differentiated advantages [1] Group 1: Business Performance - In Q3 2025, Gaon Electronics reported revenue of 315 million yuan, ranking 63rd among 102 companies in the industry, significantly lower than the top company, Shanghai Steel Union, with 57.318 billion yuan, and the second, Desay SV, with 22.337 billion yuan; the industry average revenue was 1.712 billion yuan [2] - The net profit for Q3 2025 was 41.779 million yuan, ranking 30th in the industry, with the top company, Desay SV, at 1.805 billion yuan, and the second, Tonghuashun, at 1.206 billion yuan; the industry average net profit was 26.431 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Gaon Electronics had a debt-to-asset ratio of 17.24%, an increase from 14.68% year-on-year, but still significantly lower than the industry average of 31.94%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 89.11%, slightly down from 90.26% year-on-year, yet higher than the industry average of 41.71%, reflecting robust profitability [3] Group 3: Executive Compensation - Chairman Liu Zhihong's compensation for 2024 was 4.3013 million yuan, an increase of 1.5169 million yuan from 2023; President Yang Lianfeng's compensation was 2.3996 million yuan, up by 570,000 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.29% to 15,700, with an average holding of 27,700 circulating A-shares, an increase of 3.40% [5] - In the first half of 2025, Gaon Electronics reported revenue of 218 million yuan, a year-on-year increase of 11.43%, and a net profit of 46.18 million yuan, marking a return to profitability; domestic business revenue grew by 24.43% [5] Group 5: Market Outlook - The company is expected to achieve revenue of 502 million yuan, 601 million yuan, and 706 million yuan from 2025 to 2027, with net profit forecasts of 3 million yuan, 25 million yuan, and 57 million yuan respectively, maintaining a "buy" rating [6]

Core Viewpoint - The announcement by the company regarding the completion of the deregistration process for the Shanghai Chenglin Venture Capital Partnership indicates a strategic shift in response to changing market conditions [2] Group 1: Fund Establishment and Dissolution - The Shanghai Chenglin Venture Capital Partnership was established in December 2023, with the company contributing 100 million RMB as a limited partner [2] - Due to significant changes in the industry and investment market environment, all partners unanimously decided to dissolve the fund in April 2025 [2] - The fund has completed all necessary deregistration procedures as confirmed by the market regulatory authority [2] Group 2: Impact on the Company - The company stated that the liquidation and deregistration of the fund will not have a significant impact on its current financial status, operations, or sustainable development [2] - There are no indications that the dissolution of the fund will harm the interests of the company or its shareholders [2]

证券代码：688206 证券简称：概伦电子 公告编号：2025-068 近日，产业基金取得了市场监管部门出具的《登记通知书》，产业基金清算 注销的工商登记手续已办理完毕。后续，原橙临创投合伙人将积极寻求其他更加 契合当前行业和投资市场形势的合作方式。 上海概伦电子股份有限公司 关于参与设立产业基金暨关联交易的进展公告 三、其他说明 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。 近日，上海概伦电子股份有限公司（以下简称"公司"" 概伦电子"）收到 通知，公司参与设立的产业基金——上海橙临创业投资合伙企业（有限合伙）（以 下简称"橙临创投""产业基金"）已履行完毕工商注销登记程序。现将有关进展 情况公告如下： 一、对外投资暨关联交易基本情况 公司于 2023 年 9 月 27 日召开的第一届董事会第二十五次会议、第一届监事 会第十九次会议分别审议通过了《关于公司参与设立产业基金暨关联交易的议 案》，同意公司作为有限合伙人出资 1 亿元人民币参与设立产业基金；公司独立 董事就本次交易出具了事前认可意见，并发表了同意的独立意见； ...

证券代码：688206 证券简称：概伦电子 公告编号：2025-069 上海概伦电子股份有限公司 关于参加 2025 年上海辖区上市公司三季报 集体业绩说明会的公告 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： 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》，为便于广大投资者更全面深入地了解公司 2025 年前三季度经营成果、财务状况，公司计划于 2025 年 11 月 13 日下午 15:00-16:30 参加由上海上市公司协会联合上证所信息网络有限公司共同举办的 "2025 年上海辖区上市公司三季报集体业绩说明会"，就投资者关心的问题进 行交流。 一、 说明会类型 本次业绩说明会以网络文字互动的方式召开，公司将针对 2025 年前三季度 经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许 的范围内就投资者普遍关注的问题进行交流。 会议召开时间：2025 年 11 月 13 日（星期四）下午 15 ...

Core Viewpoint - The company has completed the deregistration process for the industry fund it participated in, indicating a strategic shift in response to changing market conditions [1] Group 1: Fund Establishment and Operations - The company participated as a limited partner in the establishment of the Shanghai Chenglin Venture Capital Partnership, contributing 100 million RMB [1] - The industry fund completed its business registration and obtained a business license in December 2023 [1] Group 2: Fund Dissolution - Due to changes in the market environment, all partners of Chenglin Venture Capital decided to dissolve the fund in April 2025 and established a liquidation team to handle the winding-up process [1] - The liquidation and deregistration of the industry fund will not have a significant impact on the company's current financial status, operations, or sustainable development [1]

Core Viewpoint - The company reported a significant improvement in its financial performance for the first nine months of 2025, achieving a net profit and an increase in revenue compared to the previous year [5][6]. Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 314.61 million yuan, representing a year-on-year growth of 12.71% [5]. - The net profit attributable to shareholders was 41.99 million yuan, marking a turnaround from a loss in the previous year [5]. - The net profit after deducting non-recurring gains and losses was -19.52 million yuan, while the adjusted net profit was 51.49 million yuan after excluding share-based payment expenses [5]. Revenue Structure - The company's main business revenue reached 314.10 million yuan, with a year-on-year increase of 12.83% [6]. - Domestic revenue accounted for 73.34% of the main business income, totaling 230.38 million yuan, which grew by 20.20% year-on-year [6]. - The EDA software licensing business generated 212.07 million yuan, representing 67.52% of the main business revenue, with a growth of 10.71% [6]. Corporate Governance Changes - The company held meetings in July 2025 to approve changes in its governance structure, including the cancellation of the supervisory board and an increase in the number of board members from 7 to 9 [7]. - A new employee director was elected, reflecting changes in the company's governance [7]. Strategic Initiatives - The company signed a strategic cooperation framework agreement with Shanghai State-owned Capital Investment Co., Ltd. and Shanghai Xinhua Chuang, aiming to establish a long-term partnership in the EDA field [12]. - The company agreed to invest up to 250 million yuan in a private equity fund focused on EDA software and related industries, committing 192.71 million yuan to the fund [13]. Shareholder Transactions - The company transferred 5% of its shares to a strategic investor for approximately 612.73 million yuan, with the transaction completed in October 2025 [10][11].

上海概伦电子股份有限公司 2025 年第三季度报告 证券代码：688206 证券简称：概伦电子 上海概伦电子股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人杨廉峰、主管会计工作负责人但胜钊及会计机构负责人（会计主管人员）秦雯保证季 度报告中财务信息的真实、准确、完整。 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期 | 末比上年同期 | | | | 减变动幅度 | 末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 96,166,728.26 | 15.73 | 314,611,408.17 | 12.71 | | ...

Core Insights - The ICCAD Expo serves as a significant platform for the semiconductor industry, gathering over 400 leading companies in EDA, IP, IC design services, foundry, and packaging [3] - The event aims to facilitate collaboration and exchange among industry leaders and experts, providing insights into the latest trends and developments in the semiconductor sector [8][9] Industry Overview - In 2023, the total sales revenue of China's chip design industry is approximately 646.04 billion RMB, with regional contributions from the Yangtze River Delta (382.84 billion RMB), Pearl River Delta (166.21 billion RMB), and Central and Western regions (98.55 billion RMB) [5] - There are 731 companies with revenues exceeding 100 million RMB, an increase of 106 companies from the previous year, accounting for 87.15% of the industry's total sales [5] Challenges and Opportunities - The chip design industry faces challenges such as sluggish growth among leading companies and a product structure skewed towards mid-to-low-end products [5] - Constructive suggestions have been provided to address external pressures and internal challenges within the industry [5] Event Highlights - The ICCAD Expo 2025 will take place on November 20-21, 2025, in Chengdu, featuring a high-level forum and multiple sub-forums focusing on cutting-edge technologies and innovations in the semiconductor industry [7][11] - The event will host over 8,000 industry professionals, including 2,000 IC design companies and 300 service providers, ensuring high-level networking opportunities [15] Key Participants - Notable exhibitors include TSMC, SMIC, Alibaba DAMO Academy, and other leading firms across the semiconductor value chain [13] - The event will feature presentations from industry leaders, including CEOs and CTOs, sharing insights on technology and development trends [15][14] Agenda Overview - The agenda includes a peak forum, multiple sub-forums, and an exhibition covering various aspects of the semiconductor industry, providing a comprehensive view of current trends and future directions [12][11]

Core Insights - The ICCAD Expo serves as a significant platform for the semiconductor industry, gathering over 400 leading companies in EDA, IP, IC design services, foundry, and packaging [3] - The event aims to facilitate collaboration and exchange among industry leaders and experts, providing insights into the latest trends and developments in the semiconductor sector [8][9] Industry Overview - In 2023, the total sales revenue of China's chip design industry is approximately 646.04 billion RMB, with regional contributions from the Yangtze River Delta (382.84 billion RMB), Pearl River Delta (166.21 billion RMB), and Central and Western regions (98.55 billion RMB) [5] - There are 731 companies in the industry with revenues exceeding 100 million RMB, an increase of 106 companies from the previous year, accounting for 87.15% of the total industry sales [5] Event Highlights - The ICCAD Expo 2025 will take place on November 20-21, 2025, in Chengdu, featuring a high-level forum and multiple sub-forums focusing on cutting-edge technologies and innovations in the semiconductor industry [7][12] - The event will host over 8,000 industry professionals, including 2,000 IC design companies and 300 service providers, ensuring high-level networking opportunities [16] Key Presentations - Professor Wei Shaojun, Chairman of the Integrated Circuit Design Branch of the China Semiconductor Industry Association, will present the "2025 China Integrated Circuit Design Industry Status and Development Report," providing authoritative statistics on sales and regional development [15] - The forum will feature presentations from CEOs and CTOs of leading companies, sharing insights on technology and industry development [16]

Core Viewpoint - The stock of Gaon Electronics has shown significant growth this year, with a year-to-date increase of 117.85%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Gaon Electronics achieved a revenue of 218 million yuan, representing a year-on-year growth of 11.43% [2]. - The net profit attributable to the parent company for the same period was 46.18 million yuan, reflecting a substantial increase of 212.95% year-on-year [2]. - Cumulatively, the company has distributed dividends amounting to 52.06 million yuan since its A-share listing, with 43.38 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 27, the stock price of Gaon Electronics was 41.13 yuan per share, with a trading volume of 161 million yuan and a turnover rate of 0.88%, leading to a total market capitalization of 17.899 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 23, where it recorded a net purchase of 68.84 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Gaon Electronics was 16,300, an increase of 43.22% from the previous period, with an average of 26,771 circulating shares per shareholder, up by 71.49% [2]. - Notably, the top ten circulating shareholders include the Noan Optimized Allocation Mixed A fund, which holds 5.33 million shares, a decrease of 1.36 million shares from the previous period [3]. Business Overview - Gaon Electronics, established on March 18, 2010, and listed on December 28, 2021, is primarily engaged in providing EDA products and solutions validated by leading global integrated circuit design and manufacturing companies [2]. - The company's revenue composition includes 67.95% from EDA tool licensing, 21.23% from technical development solutions, and 10.63% from semiconductor device characteristic testing systems [2].