证券代码：688213 证券简称：思特威 公告编号：2025-035 思特威（上海）电子科技股份有限公司 2025 年前三季度业绩预告的自愿性披露公告 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、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 9 月 30 日。 （二）业绩预告情况 （3）预计 2025 年前三季度实现归属于母公司所有者的扣除非经常性 损益的净利润为 64,633 万元到 72,633 万元，与上年同期相比，将增加 34,138 万元到 42,138 万元，增幅 112%到 138%。如剔除股份支付费用的影 响，归属于母公司所有者的扣除非经常性损益的净利润为 69,163 万元到 77,163 万元。与上年同期相比，将增加 30,428 万元到 38,428 万元，增幅 79%到 99%。 （三）本次业绩预告未经注册会计师审计。 1 二、上年同期业绩情况 公司 2024 年前三季度实现营业收入 420,755 万元，利润总额 28,704 万 元；实现归属于母公司 ...

Core Viewpoint - The company expects to achieve a net profit attributable to shareholders of 656 million to 736 million yuan in the first three quarters of 2025, representing an increase of 383 million to 463 million yuan compared to the same period last year, with a growth rate of 140% to 169% [1] Group 1: Smartphone Sector - The company has deepened cooperation with multiple clients in the smartphone sector, leading to significant growth in revenue [1] - The launch of several high-end 50 million pixel products based on Lofic HDR 2.0 technology has resulted in a substantial increase in shipment volume [1] - Mass production and shipment of multiple products based on the domestic Stacked BSI platform have also contributed to revenue growth in the smartphone sector [1] Group 2: Automotive Electronics - In the automotive electronics sector, the company has seen a significant year-on-year increase in the shipment volume of new generation products used in intelligent driving, including surround view, panoramic view, and front view systems [1] Group 3: Smart Security - The company's high-end security product series has continued to increase its market share in the professional security field [1] - As a pioneer and leader in the machine vision sector, the company has capitalized on market development opportunities, resulting in substantial revenue growth in the emerging machine vision field [1] Group 4: Profitability - The company has improved its profitability as revenue scales up, leading to a significant increase in net profit margin [1]

Company Overview - The company, 思特威 (Shanghai) Electronic Technology Co., Ltd., specializes in the research, design, and sales of high-performance CMOS image sensor chips, with 100% of its revenue derived from chip sales [1] - Established on April 13, 2017, and listed on May 20, 2022, the company is located in the Minhang District of Shanghai [1] Financial Performance - For the first half of 2025, the company achieved a revenue of 3.786 billion yuan, representing a year-on-year growth of 54.11% [2] - The net profit attributable to shareholders for the same period was 397 million yuan, showing a significant increase of 164.93% year-on-year [2] - Cumulatively, the company has distributed 126 million yuan in dividends since its A-share listing [3] Stock Performance - As of October 17, the company's stock price was 104.11 yuan per share, with a year-to-date increase of 34.21% [1] - Over the last five trading days, the stock has decreased by 9.07%, while it has increased by 2.03% over the last 20 days and 7.46% over the last 60 days [1] Shareholder Information - As of June 30, the number of shareholders increased by 3.62% to 13,200 [2] - The average number of circulating shares per shareholder decreased by 3.49% to 24,397 shares [2] - Major shareholders include various ETFs, with notable increases in holdings from 华夏上证科创板50成份ETF, 易方达上证科创板50ETF, and 嘉实上证科创板芯片ETF [3] Market Position - The company operates within the electronic industry, specifically in the semiconductor and digital chip design sectors [1] - It is associated with several concept sectors, including large fund concepts, drones, facial recognition, smart wearables, and semiconductors [1]

Core Viewpoint - The stock of Sitwei has experienced fluctuations, with a year-to-date increase of 36.90% but a recent decline of 12.60% over the past five trading days [1] Company Overview - Sitwei (Shanghai) Electronic Technology Co., Ltd. specializes in the research, design, and sales of high-performance CMOS image sensor chips, with 100% of its revenue derived from chip sales [1] - The company was established on April 13, 2017, and went public on May 20, 2022 [1] Financial Performance - For the first half of 2025, Sitwei reported a revenue of 3.786 billion yuan, representing a year-on-year growth of 54.11% [2] - The net profit attributable to shareholders for the same period was 397 million yuan, showing a significant increase of 164.93% year-on-year [2] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 3.62% to 13,200, with an average of 24,397 circulating shares per shareholder, a decrease of 3.49% [2] - The company has distributed a total of 126 million yuan in dividends since its A-share listing [3] Institutional Holdings - As of June 30, 2025, major institutional shareholders include: - Huaxia SSE Sci-Tech Innovation Board 50 ETF, holding 15.5942 million shares, an increase of 1.6464 million shares from the previous period [3] - E Fund SSE Sci-Tech Innovation Board 50 ETF, holding 11.6467 million shares, an increase of 390,000 shares [3] - Harvest SSE Sci-Tech Innovation Board Chip ETF, holding 6.6824 million shares, an increase of 649,400 shares [3] - In contrast, Invesco Great Wall Research Selected Stock A has exited the top ten circulating shareholders list [3]

Group 1 - The core point of the article highlights the performance of the Southern Science and Technology Chip ETF (588890), which opened down 0.55% at 2.707 yuan on October 16 [1] - The major holdings of the ETF include companies such as SMIC, which opened down 1.36%, and Haiguang Information, which fell by 4.58%, while Cambrian Technology increased by 1.45% [1] - The ETF's performance benchmark is the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index, managed by Southern Fund Management Co., Ltd., with a return of 172.63% since its establishment on April 15, 2024, and a return of 10.94% over the past month [1]

Core Points - The stock price of Sitwei has declined by 1.54% on October 14, reaching 111.10 CNY per share, with a total market capitalization of 446.45 billion CNY [1] - Sitwei has experienced a cumulative decline of 8.83% over the past three days [1] - The company specializes in the research, design, and sales of high-performance CMOS image sensor chips, with 100% of its revenue coming from chip sales [1] Fund Holdings - Dongxing Fund has a significant holding in Sitwei, with the Dongxing Blue Ocean Wealth Mixed A Fund (002182) increasing its position by 589 shares in the second quarter, now holding 4,739 shares, which constitutes 2.26% of the fund's net value [2] - The fund has incurred a floating loss of approximately 82,458.6 CNY today, with total floating losses of 50,800 CNY during the three-day decline [2] - The Dongxing Blue Ocean Wealth Mixed A Fund was established on December 23, 2015, and has a current size of 19.67 million CNY, with a year-to-date return of 17.74% [2] Fund Manager Information - The fund manager of Dongxing Blue Ocean Wealth Mixed A is Sima Yimai Maiti, who has been in the position for 4 years and 172 days [3] - The total asset size managed by Sima is 10.12 billion CNY, with the best fund return during his tenure being 33.42% and the worst being -1.74% [3]

Core Viewpoint - The company, Sitwei, has shown significant growth in revenue and net profit, indicating strong performance in the high-performance CMOS image sensor chip market [2] Financial Performance - For the period from January to June 2025, Sitwei achieved operating revenue of 3.786 billion yuan, representing a year-on-year increase of 54.11% [2] - The net profit attributable to shareholders reached 397 million yuan, marking a substantial year-on-year growth of 164.93% [2] Shareholder and Market Activity - As of June 30, 2025, the number of Sitwei's shareholders increased to 13,200, up by 3.62% from the previous period [2] - The average number of circulating shares per shareholder decreased by 3.49% to 24,397 shares [2] - Sitwei has distributed a total of 126 million yuan in dividends since its A-share listing [3] Financing and Trading Activity - On October 13, Sitwei's stock price fell by 1.45%, with a trading volume of 874 million yuan [1] - The company recorded a financing buy-in of 66.02 million yuan and a net financing buy of 2.54 million yuan on the same day [1] - The total financing and securities lending balance for Sitwei reached 951 million yuan, with the financing balance accounting for 2.59% of the circulating market value [1] Institutional Holdings - As of June 30, 2025, major institutional shareholders include: - Huaxia SSE Sci-Tech Innovation Board 50 ETF, holding 15.5942 million shares, an increase of 1.6464 million shares [3] - E Fund SSE Sci-Tech Innovation Board 50 ETF, holding 11.6467 million shares, an increase of 0.3911 million shares [3] - Harvest SSE Sci-Tech Innovation Board Chip ETF, holding 6.6824 million shares, an increase of 0.6494 million shares [3] - Hong Kong Central Clearing Limited is the ninth largest shareholder, holding 6.3733 million shares, an increase of 0.5455 million shares [3]

Core Viewpoint - The Sci-Tech Chip ETF FuGuo (588810) opened down 1.45% at 1.829 yuan, reflecting a decline in its major holdings and overall market sentiment [1] Group 1: ETF Performance - The Sci-Tech Chip ETF FuGuo (588810) has a performance benchmark of the Shanghai Stock Exchange Sci-Tech Board Chip Index return rate [1] - Since its establishment on December 30, 2024, the fund has achieved a return of 85.38% [1] - The fund's return over the past month is reported at 34.87% [1] Group 2: Major Holdings Performance - Major holdings in the ETF include: - SMIC (中芯国际) down 2.91% - Haiguang Information (海光信息) down 2.30% - Cambricon (寒武纪) down 2.31% - Lattice Technology (澜起科技) down 1.96% - Zhongwei Company (中微公司) down 1.40% - Chipone (芯原股份) down 3.88% - Hu Silicon Industry (沪硅产业) down 2.94% - Hengxuan Technology (恒玄科技) down 2.54% - SiTewave (思特威) down 2.05% - Huahai Qingke (华海清科) down 2.08% [1]

Core Viewpoint - The controlling shareholder of Haowei Group plans to reduce their stake by up to 1.99% to repay loans and lower the pledge ratio, amid increasing competition from domestic rivals in the smartphone CMOS image sensor market [1][2]. Group 1: Shareholder Actions - The controlling shareholder, Yu Renrong, holds 333 million shares, accounting for 27.65% of the total share capital, valued at approximately 50.4 billion yuan based on the closing price on September 30 [2]. - Yu Renrong intends to reduce up to 24 million shares through block trading, estimated to be worth around 3.6 billion yuan [2]. - Following recent pledge and release of shares, Yu Renrong's pledged shares amount to 172 million, representing 51.58% of their holdings [2]. Group 2: Financial Implications - The controlling shareholder has 25.38 million shares due for pledge expiration in the next six months, which is 6.21% of their holdings and 2.10% of the total share capital, with a corresponding financing balance of 1.1 billion yuan [2]. - In the next year, excluding the aforementioned shares, there are 109.74 million pledged shares, which is 26.86% of their holdings and 9.10% of the total share capital, with a financing balance of 5.558 billion yuan [3]. Group 3: Market Competition - The smartphone CMOS image sensor market is primarily dominated by Sony and Samsung, with Haowei Group being a preferred domestic supplier for local smartphone manufacturers [4]. - Haowei Group's revenue from smartphone-related image sensors was approximately 3.92 billion yuan in the first half of 2025, a decrease of 19.48% year-on-year due to the nearing end of product life cycles [4]. - In contrast, competitor Sitwei reported a 40.49% increase in smartphone business revenue to 1.755 billion yuan, accounting for 46.35% of its main revenue [4]. Group 4: Product Development - Haowei Group has recently launched the 50-megapixel OV50X sensor aimed at high-end smartphones, enabling cinematic video recording, and has achieved mass production [5]. - The company anticipates that 200-megapixel sensors will become a key product in the future smartphone CMOS image sensor market [5].

Core Viewpoint - The company believes that the automotive electronics business will become a key driver for long-term sustainable development, driven by the trend of automotive intelligence and the penetration of intelligent driving equality solutions [2] Group 1: Automotive Electronics Business - The automotive electronics field shares many similarities with the smart security field, such as good night vision imaging performance, low noise, rapid adaptation to changing light environments requiring high dynamic range (HDR), wide temperature range requirements, and high standards for redundancy design [2] - The company has leveraged its deep technical accumulation in the smart security field to quickly enter the automotive electronics sector [2] Group 2: Product Reliability and Quality Management - Compared to security and consumer terminal CIS, automotive CIS requires stringent automotive-grade certification to ensure product reliability [2] - Since entering the automotive sector, the company has prioritized safety, establishing a high-quality R&D control system from the initial product design phase to ensure the reliability of automotive CIS products throughout their lifecycle [2] Group 3: Collaboration and Innovation - The company has intensified collaboration with Jinghe Integrated in areas such as process development, product innovation, and capacity supply [2] - The domestic Stacked BSI platform has successfully mass-produced several CMOS image sensor products for mobile applications, such as SC532HS and SC562HS, balancing performance and cost advantages [2] - The company plans to continue strengthening collaboration to promote innovation and development in domestic CIS technology [2]