Core Insights - Aojie Technology's stock increased by 2.27% on September 12, with a trading volume of 1.692 billion yuan [1] - The company reported a net financing purchase of 40.53 million yuan on the same day, with a total financing and securities balance of 741 million yuan [1] Financing Summary - On September 12, Aojie Technology had a financing purchase of 217 million yuan, with a current financing balance of 733 million yuan, representing 1.92% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of financing activity [1] Securities Lending Summary - On September 12, Aojie Technology repaid 4,900 shares in securities lending and sold 16,100 shares, amounting to 1.7064 million yuan based on the closing price [1] - The remaining securities lending balance is 71,000 shares, with a total balance of 7.5283 million yuan, which is above the 60th percentile of the past year [1] Company Overview - Aojie Technology, established on April 30, 2015, and listed on January 14, 2022, is located in the Shanghai Free Trade Zone [1] - The company's main business includes the research, design, and sale of wireless communication chips, with revenue composition as follows: 92.39% from chip product sales, 6.64% from custom chip services, 0.96% from semiconductor IP licensing, and 0.02% from testing services and others [1] Financial Performance - As of June 30, 2025, Aojie Technology reported a revenue of 1.898 billion yuan, a year-on-year increase of 14.67%, while the net profit attributable to shareholders was -245 million yuan, a year-on-year increase of 7.29% [2] - The number of shareholders increased by 5.28% to 20,800, while the average circulating shares per person decreased by 5.01% to 17,307 shares [2] Institutional Holdings - As of June 30, 2025, the sixth largest circulating shareholder is the Harvest SSE Sci-Tech Innovation Board Chip ETF, holding 5.9607 million shares, an increase of 1.4495 million shares from the previous period [2] - The Hong Kong Central Clearing Limited is the tenth largest circulating shareholder, holding 4.4265 million shares, a decrease of 924,900 shares from the previous period [2]

Group 1 - The core viewpoint is that the 科创100ETF fund has shown significant growth, with a 3.63% increase and a total scale of 57.64 billion, making it the largest in its category [1][2] - Semiconductor stocks are experiencing a strong performance, driven by Oracle's announcement of a 359% year-on-year increase in unmet performance obligations, reaching 455 billion [1] - The ongoing global AI computing power competition is expected to drive demand in the semiconductor and consumer electronics sectors, with a focus on innovation and recovery in demand [1] Group 2 - The 科创100ETF fund closely tracks the 上证科创板100 index, which selects 100 securities from the Sci-Tech Innovation Board based on market capitalization and liquidity [2] - As of August 29, 2025, the top ten weighted stocks in the 上证科创板100 index account for 23.82% of the index, including companies like 东芯股份 and 华虹公司 [2]

Group 1 - The core viewpoint of the news is that Aojie Technology's stock has seen a significant increase, with a rise of 6.05% to 100.30 CNY per share, and a total market capitalization of 41.956 billion CNY as of September 11 [1] - Aojie Technology, established on April 30, 2015, specializes in the research, design, and sales of wireless communication chips, with its main revenue sources being chip product sales (92.39%), customized chip services (6.64%), semiconductor IP licensing (0.96%), and testing services and others (0.02%) [1] - The company is located in the China (Shanghai) Free Trade Pilot Zone, indicating its strategic positioning for growth in the semiconductor industry [1] Group 2 - Huazhong Fund has a significant holding in Aojie Technology, with its Huazhong Small and Medium Growth Mixed Fund (040007) holding 921,600 shares, accounting for 3.9% of the fund's net value, making it the tenth largest holding [2] - The fund has generated an estimated floating profit of approximately 5.2714 million CNY from its investment in Aojie Technology [2] - The Huazhong Small and Medium Growth Mixed Fund has a total scale of 1.85 billion CNY and has achieved a year-to-date return of 3.67%, ranking 6958 out of 8175 in its category [2]

Group 1 - The core viewpoint of the article is that Aojie Technology is progressing in its chip development, with the 6nm 4G octa-core mobile chip expected to be taped out by the end of September and the 5G mobile chip already having completed the tape-out process [1] Group 2 - Aojie Technology's chairman and chief strategy officer, Dai Baojia, provided updates on the company's chip development during the 2025 semi-annual performance meeting [1] - The company is focusing on advancing its technology in both 4G and 5G mobile chipsets, indicating a commitment to staying competitive in the semiconductor industry [1]

Company Overview - Aojie Technology Co., Ltd. is located in the China (Shanghai) Free Trade Pilot Zone and was established on April 30, 2015. The company went public on January 14, 2022. Its main business involves the research, design, and sale of wireless communication chips, along with customized chip services and semiconductor IP licensing services [1]. Financial Performance - For the first half of 2025, Aojie Technology achieved operating revenue of 1.898 billion yuan, representing a year-on-year growth of 14.67%. However, the net profit attributable to the parent company was -245 million yuan, showing a year-on-year increase of 7.29% in losses [2]. Stock Performance - As of September 10, Aojie Technology's stock price increased by 2.13%, reaching 96.58 yuan per share, with a total market capitalization of 40.399 billion yuan. The stock has risen 78.55% year-to-date, with a slight decline of 0.12% over the last five trading days [1]. Shareholder Information - As of June 30, the number of shareholders for Aojie Technology was 20,800, an increase of 5.28% from the previous period. The average circulating shares per person decreased by 5.01% to 17,307 shares [2]. Capital Flow - On September 10, the net outflow of main funds was 16.4331 million yuan, with large orders accounting for 26.69% of purchases and 23.98% of sales. Notably, large single orders saw a buy of 128 million yuan and a sell of 115 million yuan [1]. Business Segments - The revenue composition of Aojie Technology includes 92.39% from chip product sales, 6.64% from customized chip services, 0.96% from semiconductor IP licensing, and 0.02% from testing services and others [1]. Industry Classification - Aojie Technology is classified under the electronic-semiconductor-analog chip design sector, with involvement in various concept sectors including WIFI, NPU, security, and satellite navigation [2]. Institutional Holdings - As of June 30, among the top ten circulating shareholders, the largest institutional holder is the Harvest SSE STAR 50 ETF, holding 5.9607 million shares, an increase of 1.4495 million shares from the previous period. Conversely, Hong Kong Central Clearing Limited, the tenth largest shareholder, reduced its holdings by 924,900 shares to 442,650 shares [2].

Group 1 - The core viewpoint of the news is that Aojie Technology has seen a stock price increase of 5.04%, reaching 93.17 CNY per share, with a total market capitalization of 38.973 billion CNY as of the report date [1] - Aojie Technology specializes in the research, design, and sales of wireless communication chips, with its main revenue sources being chip products (89.01%), customized chip services (9.92%), semiconductor IP licensing (1.04%), and other services [1] - The company is located in the China (Shanghai) Free Trade Pilot Zone and was established on April 30, 2015, with its listing date on January 14, 2022 [1] Group 2 - According to data from the top ten holdings of funds, one fund under Jiao Yin Schroder has a significant position in Aojie Technology, holding 42,700 shares, which accounts for 1.94% of the fund's net value [2] - The Jiao Yin Shanghai Stock Exchange Science and Technology Innovation Board 100 Index A fund (023050) has a total scale of 112 million CNY and has achieved a return of 23.81% since its inception [2] Group 3 - The fund manager of Jiao Yin Shanghai Stock Exchange Science and Technology Innovation Board 100 Index A is Shao Wenting, who has been in the position for 4 years and 130 days, managing assets totaling 12.623 billion CNY [3] - During Shao Wenting's tenure, the best fund return was 40.52%, while the worst return was -31.51% [3]

Group 1 - The core viewpoint of the news is that Aojie Technology's stock has seen a significant increase, with a rise of 5.04% to 93.17 CNY per share, and a total market capitalization of 38.973 billion CNY [1] - Aojie Technology specializes in the research, design, and sales of wireless communication chips, with its main revenue sources being chip products (89.01%), customized chip services (9.92%), and semiconductor IP licensing (1.04%) [1] - The company is located in the China (Shanghai) Free Trade Pilot Zone and was established on April 30, 2015, with its listing date on January 14, 2022 [1] Group 2 - From the perspective of fund holdings, one fund under AVIC Fund has heavily invested in Aojie Technology, with the AVIC Vision Leading Mixed Fund A increasing its holdings by 36,900 shares in the second quarter, bringing its total to 50,900 shares, which constitutes 8.06% of the fund's net value [2] - The AVIC Vision Leading Mixed Fund A has a total asset size of 164.677 million CNY and has achieved a year-to-date return of 14.31%, ranking 4221 out of 8178 in its category [2] - The fund manager, Wang Sen, has been in charge for 1 year and 345 days, with the best fund return during his tenure being 128.17% [3]

Core Viewpoint - Aojie Technology (688220.SH) is currently experiencing a decline in stock price, closing at 94.57 yuan with a drop of 3.08%, indicating it is in a state of underperformance since its IPO [1] Group 1: IPO Details - Aojie Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 14, 2022, with an initial stock issuance of 41.83 million shares at a price of 164.54 yuan per share [1] - The stock opened below its issue price on the first trading day, reaching a peak of 130.11 yuan, which remains the highest price since its listing [1] Group 2: Fundraising and Financials - The total amount raised from the IPO was 6.883 billion yuan, with a net amount of 6.546 billion yuan after deducting issuance costs, exceeding the initial fundraising plan by 4.166 billion yuan [1] - The company planned to raise 2.380 billion yuan for various projects, including new communication chip design, smart IPC chip design, and high-precision navigation solutions, among others [1] - The total issuance costs amounted to 337 million yuan, with underwriting and sponsorship fees accounting for 310 million yuan [1]

Core Insights - The company has a strong order backlog for its chip customization business, with expectations for significant revenue growth by 2026 compared to 2024 [2] - The new custom projects are based on 6nm and more advanced processes, indicating a focus on cutting-edge technology [2] - The company is optimistic about achieving record-high sales revenue for the year based on current shipment data and a rolling forecast from clients [2] Financial Performance - In 2024, the revenue from the chip customization business is projected to be 336 million yuan, accounting for 9.92% of total revenue, which represents a 48.38% increase compared to the same period last year [2]

Core Viewpoint - The company, Aojie Technology (688220), is experiencing growth in its custom chip business, with expectations for significant revenue increases in the coming years, particularly in 2026. Group 1: Business Model and Revenue Recognition - The company employs a Turnkey model for its custom chip business, providing comprehensive services from design to mass production, with revenue recognized upon client acceptance after project completion, typically taking 1 to 2 years [2] - During the mass production phase, the company charges based on a cost-plus principle, and the revenue from these sales is included in the custom chip business segment, not in self-developed chip sales [3] Group 2: Order Status and Revenue Forecast - The company has a strong order backlog in its custom chip business, with expectations for revenue to grow significantly in 2026 compared to 2024, although specific client details cannot be disclosed due to confidentiality agreements [4] Group 3: Product Development and Market Position - The company is focusing on developing wearable and cloud inference chips in collaboration with internet companies [5] - The company has advantages in AP (Application Processor) design, with expertise in complex chip designs and proprietary modules for graphics, image, and signal processing, positioning itself to meet demands in automotive and robotics sectors [6] Group 4: Market Outlook and Performance - The company is optimistic about the RISC-V server chip market and has initiated collaborations with several enterprises in this area, expecting strong sales growth in the second half of the year, traditionally a peak season for the semiconductor industry [7] - The company is advancing its 5G smartphone chip, which is in the late stages of development and is expected to enhance its product lineup starting in the second half of next year [10] Group 5: Financial Performance - For the first half of 2025, the company reported a main revenue of 1.898 billion yuan, a year-on-year increase of 14.67%, while the net profit attributable to shareholders was -245 million yuan, up 7.29% year-on-year [13] - The company’s gross margin stands at 24.72%, with a debt ratio of 16.05% [13] Group 6: Analyst Ratings and Predictions - Recent analyst reports indicate a positive outlook for the company, with three institutions giving buy ratings and a target price averaging 136.7 yuan [14]