Financial Performance - The company has not yet achieved profitability since its listing [3]. - The company's operating revenue for 2025 reached ¥10,885,449,273.30, representing a 17.69% increase compared to ¥9,249,252,348.20 in 2024 [23]. - The net profit attributable to shareholders for 2025 was ¥704,204,446.26, a 32.16% increase from ¥532,840,611.25 in 2024 [23]. - The total profit for 2025 was ¥466,694,437.03, showing a decrease of 3.27% from ¥482,459,402.07 in 2024 [23]. - The net cash flow from operating activities increased by 39.18% to ¥3,842,919,898.34 in 2025, compared to ¥2,761,131,250.90 in 2024 [23]. - The company's total assets as of the end of 2025 were ¥53,297,969,295.77, a 5.75% increase from ¥50,398,579,443.20 at the end of 2024 [23]. - The net assets attributable to shareholders at the end of 2025 were ¥21,768,532,119.02, reflecting a 4.30% increase from ¥20,870,311,007.81 at the end of 2024 [23]. - Basic earnings per share for 2025 were ¥0.36, up 33.33% from ¥0.27 in 2024 [24]. - The company reported a decrease in the basic earnings per share after deducting non-recurring gains and losses to ¥0.10, down 50.00% from ¥0.20 in 2024 [24]. Research and Development - The R&D expenditure as a percentage of operating revenue was 13.35% in 2025, a slight decrease from 13.88% in 2024 [24]. - The company has achieved mass production on process platforms ranging from 150nm to 40nm, with ongoing validation of 28nm OLED products [36]. - The company has developed technical capabilities for wafer foundry services across various platforms including DDIC, CIS, PMIC, Logic, and MCU, serving industries such as consumer electronics and automotive electronics [36]. - The company has implemented a strict R&D management system to ensure that the R&D process aligns with strategic development directions and maximizes operational efficiency [37]. - The company has filed 317 invention patents and 99 utility model patents during the reporting period, bringing the total to 1,374 patents [50]. - The company is focused on expanding its product applications and developing advanced process platforms, which has led to increased R&D and fixed asset depreciation expenses [49]. - The company is currently developing a 22nm process technology project with an expected total investment of ¥189,001.14 thousand, focusing on low-power, high-efficiency component solutions [64]. - The company completed the development of a 90nm high-performance CMOS image sensor platform and achieved mass production, with a production capacity of 12,904 units [9]. Operational Risks and Governance - The company has detailed various operational risks in the report, which investors should be aware of [3]. - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report [3]. - The company has not implemented any special governance arrangements [8]. - The company has not violated decision-making procedures for external guarantees [7]. - There are no non-operating fund occupations by controlling shareholders or related parties [7]. - The company does not have any unremedied losses in the parent company [6]. - The report includes forward-looking statements, which do not constitute a commitment to investors [6]. Market and Competitive Position - The company is ranked ninth globally in the wafer foundry industry and third among mainland Chinese companies according to TrendForce's revenue rankings for Q4 2025 [43]. - The global CIS market is projected to grow from $21.8 billion in 2023 to $23.2 billion in 2024, reflecting a year-on-year growth of 6.42% [46]. - The demand for power management chips in China is expected to grow from $1 billion in 2020 to $1.6 billion in 2024, with a compound annual growth rate of 12.5% [47]. - By 2025, power management chips are projected to account for 12.16% of the company's main business revenue [48]. - The company is actively developing AI server-related power management chips, with its 90nm BCD products currently under validation [48]. - The company is focusing on the domestic display driver chip market, which is expected to grow significantly due to increasing demand for OLED technology [45]. Supply Chain and Production - The company has established a rigorous procurement process to enhance cost control and ensure the quality of wafer foundry services [37]. - The company is enhancing its supply chain security to mitigate risks associated with reliance on a limited number of global suppliers for critical materials and components [76]. - The company is actively promoting the localization of key raw materials and equipment to enhance supply chain stability [55]. - The company is addressing the risk of core technology leakage by implementing strict confidentiality measures and enhancing cybersecurity management [69]. Management and Personnel - The company has a total of 5,710 employees, with 1,976 in R&D, making up 34.61% of the workforce [50]. - The company has established a core R&D team to enhance its competitive edge, emphasizing talent retention through stock incentives and career development pathways [68]. - The company reported a significant management change with the election of new directors and the appointment of co-general managers due to personnel adjustments [130]. - The company is focusing on strategic personnel changes to align with its operational goals and market demands [130]. - The total compensation for the management team during the reporting period amounted to CNY 2,099.99 million, with a net increase of CNY 80,000 in shares held [122]. Environmental, Social, and Governance (ESG) - The company emphasizes ESG (Environmental, Social, and Governance) as a core strategy for high-quality development, with a clear governance structure in place [163]. - The company implemented 39 energy-saving and carbon reduction initiatives, resulting in a total energy savings of 3.54 million kWh and a reduction of approximately 130,000 cubic meters of natural gas [166]. - The company received a four-and-a-half-star rating in the China Corporate Social Responsibility Report rating for the first time [168]. - The company donated a total of 2 million CNY (approximately 200,000 USD) to the Hefei Charity Federation and engaged in various public welfare activities, benefiting over 3,400 participants [177][179]. Shareholder Returns and Dividends - The company plans not to distribute profits for the fiscal year 2025, meaning no cash dividends, stock bonuses, or capital reserve transfers [5]. - A total of 194,404,665.70 CNY in cash dividends was distributed to shareholders for the 2024 fiscal year, amounting to 1.00 CNY per 10 shares [145]. - The cumulative cash dividend amount over the last three fiscal years was RMB 194,404,665.70, representing a cash dividend ratio of 31.43% of the average annual net profit [149].

合肥晶合集成电路股份有限公司 2025年度独立董事述职报告 作为合肥晶合集成电路股份有限公司（以下简称"公司"或"晶合集成"） 的独立董事，2025 年任期内，本人严格按照《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司独立董事管理办法》《上海证券交易所科创板股 票上市规则》等法律法规及《合肥晶合集成电路股份有限公司章程》（以下简称 "《公司章程》"）、《合肥晶合集成电路股份有限公司独立董事工作制度》的 有关规定，诚实、勤勉、独立地履行独立董事职责，积极出席相关会议，认真审 议董事会各项议案，对公司重大事项发表了独立、客观、公正的意见，切实维护 公司和全体股东的合法权益，促进公司规范运作，充分发挥了独立董事的独立作 用。现将 2025 年任期内本人的述职情况报告如下： 一、独立董事的基本情况 （一）独立董事人员情况 公司董事会由 9 名董事组成，其中独立董事 3 人，占董事会人数三分之一， 符合相关法律法规及公司制度的规定。 （二）个人工作履历、专业背景以及兼职情况 陈铤，男，1971 年出生，中国香港，本科学历。陈铤先生 1995 年 10 月至 2001 年 2 月，任德勤・关黄陈方会计师行高 ...

根据《上市公司独立董事管理办法》《上海证券交易所科创板上市公司自律监管 指引第 1 号——规范运作》等要求，合肥晶合集成电路股份有限公司（以下简称"公 司"）董事会，就截至 2025 年年度报告披露日在任的公司第二届董事会独立董事安广 实、蔺智挺、陈铤的独立性情况进行评估并出具如下专项意见： 合肥晶合集成电路股份有限公司董事会 关于独立董事独立性自查情况的专项意见 2026 年 3 月 26 日 经核查独立董事安广实、蔺智挺、陈铤及其直系亲属和主要社会关系人员的任职 经历以及独立董事签署的相关自查文件，独立董事安广实、蔺智挺、陈铤不存在《上 市公司独立董事管理办法》第六条不得担任独立董事的情形，在担任公司独立董事期 间，独立董事已严格遵守中国证监会和上海证券交易所的相关规定，确保有足够的时 间和精力勤勉尽责地履行职责，作出独立判断，不受公司主要股东、实际控制人或其 他与公司存在利害关系的单位或个人的影响。公司独立董事安广实、蔺智挺、陈铤符 合《上市公司独立董事管理办法》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》中对独立董事独立性的相关要求。 合肥晶合集成电路股份有限公司董事会 ...

合肥晶合集成电路股份有限公司 2025年度独立董事述职报告 作为合肥晶合集成电路股份有限公司（以下简称"公司"或"晶合集成"） 的独立董事，2025 年度本人严格按照《中华人民共和国公司法》《中华人民共 和国证券法》《上市公司独立董事管理办法》《上海证券交易所科创板股票上市 规则》等法律法规及《合肥晶合集成电路股份有限公司章程》（以下简称"《公 司章程》"）、《合肥晶合集成电路股份有限公司独立董事工作制度》的有关规 定，诚实、勤勉、独立地履行独立董事职责，积极出席相关会议，认真审议董事 会各项议案，对公司重大事项发表了独立、客观、公正的意见，切实维护公司和 全体股东的合法权益，促进公司规范运作，充分发挥了独立董事的独立作用。现 将 2025 年度本人的述职情况报告如下： 一、独立董事的基本情况 （一）独立董事人员情况 公司董事会由 9 名董事组成，其中独立董事 3 人，占董事会人数三分之一， 符合相关法律法规及公司制度的规定。 （二）个人工作履历、专业背景以及兼职情况 安广实，男，1962 年出生，中国国籍，无境外永久居留权，研究生学历。 安广实先生 1981 年 7 月至 1991 年 7 月，历任安徽省蚌 ...

2025年度独立董事述职报告 作为合肥晶合集成电路股份有限公司（以下简称"公司"或"晶合集成"） 的独立董事，2025 年度本人严格按照《中华人民共和国公司法》《中华人民共 和国证券法》《上市公司独立董事管理办法》《上海证券交易所科创板股票上市 规则》等法律法规及《合肥晶合集成电路股份有限公司章程》（以下简称"《公 司章程》"）、《合肥晶合集成电路股份有限公司独立董事工作制度》的有关规 定，诚实、勤勉、独立地履行独立董事职责，积极出席相关会议，认真审议董事 会各项议案，对公司重大事项发表了独立、客观、公正的意见，切实维护公司和 全体股东的合法权益，促进公司规范运作，充分发挥了独立董事的独立作用。现 将 2025 年度本人的述职情况报告如下： 一、独立董事的基本情况 （一）独立董事人员情况 合肥晶合集成电路股份有限公司 公司董事会由 9 名董事组成，其中独立董事 3 人，占董事会人数三分之一， 符合相关法律法规及公司制度的规定。 蔺智挺，男，1981 年出生，中国国籍，无境外永久居留权，博士研究生学 历。蔺智挺先生 2009 年 3 月至 2011 年 9 月，任中国科学技术大学电子工程与信 息科学系博士后；2 ...

合肥晶合集成电路股份有限公司 2025年度独立董事述职报告 作为合肥晶合集成电路股份有限公司（以下简称"公司"或"晶合集成"） 的独立董事，2025 年任期内，本人严格按照《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司独立董事管理办法》《上海证券交易所科创板股 票上市规则》等法律法规及《合肥晶合集成电路股份有限公司章程》（以下简称 "《公司章程》"）、《合肥晶合集成电路股份有限公司独立董事工作制度》的 有关规定，诚实、勤勉、独立地履行独立董事职责，积极出席相关会议，认真审 议董事会各项议案，对公司重大事项发表了独立、客观、公正的意见，切实维护 公司和全体股东的合法权益，促进公司规范运作，充分发挥了独立董事的独立作 用。现将 2025 年任期内本人的述职情况报告如下： 一、独立董事的基本情况 （一）独立董事人员情况 公司董事会由 9 名董事组成，其中独立董事 3 人，占董事会人数三分之一， 符合相关法律法规及公司制度的规定。 （二）个人工作履历、专业背景以及兼职情况 陈绍亨，女，1957 年出生，中国台湾，研究生学历。陈绍亨女士 1978 年 7 月至 1980 年 8 月，任嘉庆船务代理股份有限 ...

Core Viewpoint - The global semiconductor industry is experiencing a significant price increase driven by supply-demand imbalances and rising costs, with major companies like Texas Instruments, Infineon, NXP, and others leading the charge [1][5]. Group 1: Price Increases by Major Companies - Texas Instruments (TI) announced a price increase of 15%-85% across all product lines, with the highest increases in industrial control and automotive electronics, reflecting tight capacity and rising costs [2][3]. - Infineon is raising prices for power switches and related chips by 5%-15%, driven by surging demand from AI data centers and increased manufacturing costs [3][4]. - NXP has also announced price adjustments due to significant increases in costs across the supply chain, although specific product categories and price ranges were not disclosed [4][5]. Group 2: Broader Industry Trends - Other companies such as ON Semiconductor, Analog Devices, and Vishay are also implementing price increases, indicating a widespread trend across the semiconductor industry [5][6]. - The price adjustments are largely attributed to rising costs of raw materials, energy, and logistics, which have become unsustainable for manufacturers [10][11]. - The semiconductor industry is witnessing a shift from a price war to a value war, as companies seek to maintain profitability amid rising costs [9][21]. Group 3: Supply Chain Dynamics - The semiconductor supply chain is under pressure due to rising costs of key materials, particularly precious metals, which are critical for chip production [10][11]. - The demand for semiconductors is surging in sectors such as AI, electric vehicles, and industrial automation, exacerbating supply shortages and enabling manufacturers to raise prices [12][13]. - The collective price increases from semiconductor manufacturers are expected to have a cascading effect throughout the supply chain, impacting downstream industries [20][21]. Group 4: Foundry Price Increases - Foundries are also raising their prices, with major players like TSMC and Samsung adjusting their pricing strategies due to increased operational costs and capacity constraints [15][16]. - The price hikes in wafer fabrication are further tightening the profit margins for chip designers, reinforcing the necessity for price adjustments across the board [15][19]. - The shift in focus from mature to advanced process nodes by leading foundries is contributing to a structural shortage in 8-inch wafer capacity, which is critical for many semiconductor applications [18][19].

Consumption Sector - In January-February 2026, the total retail sales of consumer goods reached 86,079 billion yuan, with a year-on-year growth of 2.8%, the highest increase since October 2025[6] - The retail sales of essential goods, such as tobacco and alcohol, grew by 19.1%, significantly higher than the overall retail sales growth[11] - Automotive retail sales saw a decline of 7.3% year-on-year, marking five consecutive months of negative growth, primarily due to the impact of the Spring Festival holiday and policy adjustments[12] Health Sector - On March 13, 2026, the National Medical Products Administration approved the registration of the first invasive brain-machine interface medical device, marking a significant milestone in clinical applications[14] - The domestic brain-machine interface market is projected to grow, with a forecasted market size of 3.83 billion yuan in 2025, reflecting a year-on-year growth of 20%[20] Hard Technology Sector - The global wafer foundry industry is expected to generate approximately 169.5 billion USD in revenue in 2025, a year-on-year increase of 26.3%[25] - TSMC's revenue is projected to reach 122.54 billion USD in 2025, with a year-on-year growth of 36.1%, increasing its market share from 64.4% to 69.9%[26] High-end Manufacturing Sector - In February 2026, a total of 17,226 excavators were sold, a year-on-year decrease of 10.6%, with domestic sales down by 42%[32] - For January-February 2026, total excavator sales reached 35,934 units, showing a year-on-year growth of 13.1%, driven by strong export performance[32]

经中国证券监督管理委员会《关于同意合肥晶合集成电路股份有限公司首次 公开发行股票注册的批复》（证监许可﹝2022﹞954 号）同意注册，并经上海证券 交易所批准，合肥晶合集成电路股份有限公司（以下简称"晶合集成"或"公司"） 向社会公众首次公开发行人民币普通股（A 股）（以下简称"首次公开发行"或"本 次发行"）并于 2023 年 5 月 5 日在上海证券交易所上市。根据中国证券监督管理 委员会、上海证券交易所的相关规定，中国国际金融股份有限公司（以下简称"保 荐机构"）作为公司首次公开发行的保荐机构将履行持续督导的相关职责，持续 督导期为 2023 年 5 月 5 日至 2026 年 12 月 31 日。 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板上市公司 自律监管指引第 1 号——规范运作》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》《上市公司募集资金监管规则》等有关法律、法规和规范性 文件的要求，保荐机构对公司 2025 年 1 月 1 日至 2025 年 12 月 31 日期间（以下 简称"本持续督导期"）的规范运作情况等事项进行了专项现场检查，具体情况如 下： 中国 ...

Core Viewpoint - The semiconductor industry is experiencing a new wave of price increases, particularly among the four major mature process foundries: UMC, GlobalFoundries, Powerchip, and China’s JHICC, with price hikes expected to start as early as April, potentially exceeding 10% [2][3] Group 1: Price Increases - The four major mature process foundries are planning to raise their prices, indicating a broader trend of "chip inflation" in the semiconductor industry [2] - UMC holds a global market share of approximately 4.2% in wafer foundry services and has acknowledged a more favorable pricing environment compared to previous periods [2] - GlobalFoundries has communicated to customers about the need to adjust prices starting April 2026 due to rising costs in semiconductor equipment, raw materials, energy, and labor [2][3] Group 2: Impact on IC Design Firms - IC design firms, particularly those producing driver ICs, are expected to pass on the increased costs to consumers, as wafer foundry prices constitute a significant portion of their total costs [3] - Powerchip has confirmed that it has already begun raising prices this quarter, focusing on product lines with lower profit margins [3] - JHICC is also set to increase its foundry prices by 10% starting June 1, indicating a collective trend among mature process foundries to raise prices [3]