Core Viewpoint - Aojie Technology's stock increased by 2.41% on November 6, with a trading volume of 570 million yuan, indicating positive market sentiment towards the company [1]. Financing Summary - On November 6, Aojie Technology had a financing buy-in amount of 39.10 million yuan and a financing repayment of 29.15 million yuan, resulting in a net financing buy of 9.95 million yuan [1]. - The total financing and margin trading balance reached 720 million yuan, with the financing balance of 718 million yuan accounting for 2.21% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1]. Short Selling Summary - On November 6, Aojie Technology repaid 6,842 shares in short selling, with no shares sold, resulting in a short selling balance of 28,400 shares and a short selling amount of 2.56 million yuan, which is below the 20th percentile level over the past year, indicating low short selling activity [1]. Business Overview - Aojie Technology, established on April 30, 2015, and listed on January 14, 2022, is located in the Shanghai Free Trade Zone and specializes in the research, design, and sales of wireless communication chips, along with customized chip services and semiconductor IP licensing [1]. - The company's main revenue sources are: chip product sales (92.39%), customized chip services (6.64%), semiconductor IP licensing (0.96%), and testing services and others (0.02%) [1]. Shareholder Information - As of September 30, Aojie Technology had 23,400 shareholders, an increase of 12.16% from the previous period, while the average circulating shares per person decreased by 10.84% to 15,431 shares [2]. - For the period from January to September 2025, Aojie Technology reported a revenue of 2.88 billion yuan, a year-on-year increase of 13.42%, while the net profit attributable to shareholders was -327 million yuan, reflecting a year-on-year growth of 20.62% [2]. - Among the top ten circulating shareholders, Galaxy Innovation Mixed A ranked fifth with 12.00 million shares, marking a new entry, while Hong Kong Central Clearing Limited ranked seventh with 8.17 million shares, an increase of 3.74 million shares from the previous period [2].

Core Viewpoint - The recent block trading activity of Aojie Technology-U indicates significant institutional interest, with a total transaction volume of 1.728 million shares and a transaction value of 137 million yuan, reflecting a discount of 12.01% compared to the closing price on the same day [2][3]. Trading Activity Summary - On November 6, Aojie Technology-U experienced 26 block trades, totaling 1.728 million shares and 137 million yuan in transaction value, with an average transaction price of 79.38 yuan [2]. - The stock's closing price on the same day was 90.21 yuan, marking a 2.41% increase, while the stock has seen a cumulative decline of 3.60% over the past five days [3]. - In the last three months, the stock has recorded 38 block trades with a total transaction value of 308 million yuan [3]. Institutional Participation - Institutional specialized seats were involved in 13 of the block trades, with a total net purchase amounting to 91.128 million yuan [2]. - The latest margin financing balance for the stock is 708 million yuan, showing a decrease of 40.7626 million yuan, or 5.45%, over the past five days [4]. Analyst Ratings - Recently, one institution has provided a rating for the stock, with Huatai Securities setting the highest target price at 130.00 yuan as of November 4 [4].

Summary of Key Points Core Viewpoint - The A-share market experienced significant block trading activity on November 6, with a total transaction volume of 2.431 billion yuan, highlighting notable trading in companies such as Zhongwei Company, CATL, and Bull Group [1]. Group 1: Trading Activity - A total of 65 stocks underwent block trading, with transaction amounts reaching 2.431 billion yuan [1]. - The top three companies by transaction volume were Zhongwei Company (321 million yuan), CATL (288 million yuan), and Bull Group (254 million yuan) [1]. - Among the stocks, 7 were traded at par value, 3 at a premium, and 55 at a discount [1]. Group 2: Premium and Discount Rates - The stocks with the highest premium rates were Yuchen Intelligent (18.21%), Beijing Bank (10.37%), and AVIC Chengfei (8.69%) [1]. - The stocks with the highest discount rates included Longzhu Technology (26.25%), Electric Alloy (24.03%), and Youfang Technology (21.97%) [1]. Group 3: Institutional Trading - The top institutional buy amounts were led by Zhongwei Company (299 million yuan), CATL (288 million yuan), and Zhongji Xuchuang (183 million yuan) [2]. - The leading institutional sell amounts were dominated by CATL (288 million yuan), Zijin Mining (217 million yuan), and Zhongji Xuchuang (183 million yuan) [2].

Group 1 - Aojie Technology (688220.SH) reported its Q3 2025 results, with 82 institutional investors holding a total of 230 million shares, representing 55.02% of the company's total share capital as of October 30, 2025 [1] - The top ten institutional investors collectively hold 47.36% of Aojie Technology's shares, with a 2.12 percentage point increase compared to the previous quarter [1] Group 2 - In the public fund sector, 22 funds increased their holdings, with a total increase ratio of 0.48%, while 26 funds decreased their holdings, with a total decrease ratio of 1.14% [2] - There were 24 new public funds disclosed this period, while 471 funds were not disclosed compared to the previous quarter [2] - One new foreign institution was disclosed this period, namely Hong Kong Central Clearing Limited, while FANTASY TALENT INTERNATIONAL LIMITED was not disclosed this quarter [2]

Core Insights - Aojie Technology (688220.SH) reported its Q3 2025 results, showing a revenue of 2.88 billion yuan for the first three quarters, representing a year-on-year growth of 13.42% [1] - The company recorded a net loss attributable to shareholders of 327 million yuan, with a non-recurring net profit loss of 488 million yuan [1] - Basic earnings per share stood at -0.81 yuan [1] Financial Performance - Revenue for the first three quarters reached 2.88 billion yuan, marking a 13.42% increase compared to the previous year [1] - The net loss attributable to shareholders was 327 million yuan, indicating financial challenges [1] - The non-recurring net profit loss was 488 million yuan, reflecting ongoing operational difficulties [1] - Basic earnings per share were reported at -0.81 yuan, highlighting the company's current financial strain [1]

Core Points - The company announced a provision for asset impairment in accordance with accounting standards to reflect its financial status and operating results objectively and fairly as of September 30, 2025 [1] - The total credit impairment losses and asset impairment losses recognized for the first three quarters of 2025 amounted to 73.5142 million yuan [1] Summary by Category Financial Performance - The company reported a total of 73.5142 million yuan in credit impairment losses and asset impairment losses for the first three quarters of 2025 [1] Accounting Practices - The company is adhering to the "Accounting Standards for Business Enterprises No. 8 - Asset Impairment" and related accounting policies to ensure a prudent reflection of its financial condition [1] - The provision for impairment is based on the actual circumstances of the company and is aimed at objectively and fairly presenting the financial status as of September 30, 2025 [1]

Core Viewpoint - Aojie Technology (688220.SH) reported a year-on-year revenue increase of 13.42% for the first three quarters of 2025, reaching 2.88 billion yuan, while reducing its net loss attributable to shareholders by 85.05 million yuan compared to the same period last year [1] Financial Performance - Total operating revenue for the first three quarters of 2025 was 2.88 billion yuan, reflecting a year-on-year growth of 13.42% [1] - The net profit attributable to shareholders was -327 million yuan, showing a reduction in losses by 85.05 million yuan compared to the previous year [1] - Basic earnings per share stood at -0.81 yuan [1]

证券代码：688220 证券简称：翱捷科技 公告编号：2025-037 翱捷科技股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 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。 | 单位：万元 | | --- | | 项目 | 年前三季度计提金额 2025 | | --- | --- | | 信用减值损失（损失以"-"号填列） | 404.09 | | 应收账款坏账准备 | 404.59 | | 其他应收款坏账准备 | 1.58 | | 其他非流动资产坏账准备 | -2.08 | | 资产减值损失（损失以"-"号填列） | -7,755.52 | | 合同资产坏账准备 | 7.38 | | 无形资产减值准备 | -4.88 | | 存货跌价准备 | -7,758.02 | | 合计 | -7,351.42 | 注：上表中的合计数与各单项加总数尾数不符的情况，系四舍五入尾差所致。 二、 计提减值准备事项的具体说明 （一）信用减值损失 1 公司以预期信用损失为基础，对应收账款、其他应收款及其他非流动资产进 行减值 ...

Revenue and Profit - The company's revenue for Q3 2025 reached ¥982.32 million, an increase of 11.07% compared to the same period last year[4] - For the first nine months of 2025, the company achieved a total revenue of ¥2.88 billion, reflecting a year-on-year growth of 13.42%[6] - The total profit for Q3 2025 was a loss of ¥66.54 million, while the net profit attributable to shareholders was a loss of ¥82.01 million[4] - The gross profit for the first nine months of 2025 was ¥730 million, up 22.69% year-on-year, primarily driven by strong performance in the cellular baseband chip segment[6] - Total operating revenue for the first three quarters of 2025 reached ¥2,880,390,411.07, an increase of 13.4% compared to ¥2,539,638,300.17 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was a loss of ¥284,039,905.73, an improvement from a loss of ¥384,265,089.00 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was a loss of ¥327,415,020.25, compared to a loss of ¥412,467,732.35 in the previous year, indicating a narrowing of losses[20] - The company reported a total comprehensive loss of ¥335,940,468.09 for the first three quarters of 2025, compared to a loss of ¥424,773,760.41 in the same period of 2024[21] Expenses and Costs - Research and development expenses for Q3 2025 amounted to ¥336.20 million, an increase of 8.60% year-on-year, representing 34.22% of total revenue[5] - Total operating costs increased to ¥3,249,497,710.14, up 10.3% from ¥2,946,699,399.97 year-over-year[19] - Cash paid for purchasing goods and services was ¥2,792,363,125.10, up from ¥2,166,060,795.64 in the same period last year[22] - Cash paid to employees increased to ¥752.30 million from ¥734.14 million year-over-year[23] Cash Flow and Liquidity - The cash flow from operating activities for the first nine months of 2025 was a net outflow of ¥290.07 million[5] - Cash inflows from operating activities totaled ¥3,278,319,664.36, a significant increase from ¥2,556,646,213.57 in the first three quarters of 2024[22] - The net cash flow from operating activities was -$290.07 million, an improvement from -$366.04 million in the previous period[23] - The total cash outflow from operating activities was $3.57 billion, compared to $2.92 billion in the previous period[23] - The ending cash and cash equivalents balance rose to $3.16 billion, up from $2.22 billion year-over-year[24] Assets and Liabilities - The total assets of the company at the end of Q3 2025 were ¥6.87 billion, a 5.02% increase from the end of the previous year[5] - Total assets as of September 30, 2025, reached RMB 6,865,109,971.11, an increase from RMB 6,536,868,670.00 as of December 31, 2024[15] - Cash and cash equivalents amounted to RMB 3,162,199,331.67, up from RMB 2,622,538,970.05 in the previous year, reflecting a growth of approximately 20.5%[15] - Total current liabilities rose to RMB 1,266,534,380.45, compared to RMB 736,294,799.95, indicating an increase of approximately 72%[16] - Total liabilities amounted to ¥1,351,107,599.93, compared to ¥855,090,183.65 in the previous year, reflecting a substantial increase[17] - The company’s total liabilities increased significantly, indicating a potential need for strategic financial management moving forward[16] Shareholder Information - The number of shares held by the largest shareholder, Alibaba (China) Network Technology Co., Ltd., is 64,557,440, representing 15.43% of total shares[12] - The company has a total of 23,356 common shareholders at the end of the reporting period[12] - The total equity attributable to shareholders was ¥5,514,002,371.18, down from ¥5,681,778,486.35 year-over-year[17] Future Outlook - The company expects significant revenue growth in the next year as multiple projects are set for acceptance and delivery[6] Non-recurring Items - Non-recurring gains and losses for the first nine months of 2025 totaled ¥54.59 million, reflecting an increase in government subsidies and fair value gains from investments[10] Accounting Standards - The company will not apply new accounting standards starting from 2025[25]

Core Viewpoint - Aojie Technology experienced a decline of 1.19% in stock price on October 27, with a trading volume of 865 million yuan, indicating a potential shift in investor sentiment and market dynamics [1]. Financing Summary - On October 27, Aojie Technology had a financing buy-in amount of 104 million yuan, with a net financing purchase of 30.07 million yuan after repaying 73.91 million yuan [1]. - The total financing and securities balance reached 739 million yuan, with the financing balance accounting for 2.13% of the circulating market value, indicating a high level compared to the past year [1]. - The company had a low short-selling balance of 4,820 shares, with a short-selling balance of 4.60 million yuan, which is below the 30th percentile of the past year [1]. Business Performance - As of June 30, Aojie Technology reported a total of 20,800 shareholders, an increase of 5.28% from the previous period, while the average circulating shares per person decreased by 5.01% to 17,307 shares [2]. - For the first half of 2025, Aojie Technology achieved a revenue of 1.898 billion yuan, reflecting a year-on-year growth of 14.67%, while the net profit attributable to the parent company was -245 million yuan, showing a year-on-year increase of 7.29% [2]. - The main business revenue composition 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].