Core Viewpoint - Peak Technology (688279) reported a mixed performance in its 2025 mid-year financial results, with revenue growth but a decline in net profit [1] Financial Performance - The company's total revenue reached 375 million yuan, a year-on-year increase of 32.84%, while the net profit attributable to shareholders was 117 million yuan, down 4.51% [1] - In Q2, total revenue was 204 million yuan, up 22.7% year-on-year, but net profit decreased by 7.5% to approximately 66.1 million yuan [1] - The overall expense ratio increased significantly, with total financial, sales, and management expenses rising by 269.62% year-on-year, accounting for 10.09% of total revenue [1] - Gross margin was reported at 52.41%, a decrease of 1.43% year-on-year, while net margin fell by 28.12% to 31.07% [1] - Earnings per share (EPS) was 1.26 yuan, down 4.55% year-on-year, with a net asset value per share of 28.57 yuan, up 7.88% [1] Business Evaluation - The company's return on invested capital (ROIC) for the previous year was 8.71%, indicating average capital returns, while the net profit margin was high at 37.04% [2] - Historical data shows a median ROIC of 37.34% since the company went public, with the lowest ROIC recorded in 2023 at 6.73% [2] - Analysts expect the company's performance in 2025 to reach 294 million yuan, with an average EPS forecast of 2.89 yuan [2] Fund Holdings - The largest fund holding Peak Technology is the Guotai Intelligent Automotive Stock A fund, which has a scale of 3.678 billion yuan and a recent net value increase of 0.43% [3] - Notable fund managers, including Dong Jizhou from Taixin Fund, have increased their holdings in Peak Technology, indicating confidence in the company's potential [2][3]

Group 1 - The company reported a total operating revenue of 375 million yuan for the first half of 2025, representing a year-on-year increase of 32.84% [1] - The net profit attributable to shareholders of the parent company was 117 million yuan, showing a year-on-year decrease of 4.51% [1] - The basic earnings per share were 1.26 yuan [1]

Meeting Overview - The second meeting of the second Supervisory Board of Fengcai Technology (Shenzhen) Co., Ltd. was held on August 27, 2025, with all three supervisors present [1][2] - The meeting was convened in accordance with legal regulations and the company's articles of association [1] Resolutions Passed - The Supervisory Board approved the proposal regarding the company's 2025 semi-annual report and its summary, confirming that the report's preparation and review processes complied with relevant laws and regulations, and accurately reflected the company's operational and financial status [1][2] - The board also approved the proposal concerning the special report on the storage and actual use of raised funds for the first half of 2025, affirming that the use of funds adhered to regulatory requirements and did not harm the interests of minority shareholders [1][2]

Core Viewpoint - The report highlights the financial performance and strategic direction of Fortior Technology (Shenzhen) Co., Ltd. for the first half of 2025, emphasizing growth in revenue and ongoing investments in research and development to enhance its position in the BLDC motor driver control chip market. Financial Performance - The company achieved operating revenue of 375.04 million yuan, representing a year-on-year increase of 32.84% [4] - Total profit amounted to 121.80 million yuan, a decrease of 1.85% compared to the previous year [4] - Net profit attributable to shareholders was 116.51 million yuan, down 4.51% year-on-year [4] - The net cash flow from operating activities was 121.90 million yuan, an increase of 7.32% from the previous year [4] - The company's net assets reached 2.64 billion yuan, up 3.35% from the end of the previous year [4] Business Overview - The company specializes in the research, design, and sales of motor driver control chips, focusing on high-performance BLDC motor driver control chips [10][12] - The company employs a Fabless business model, outsourcing manufacturing and testing processes to third-party foundries [7][8] - The product portfolio includes key chips for motor control, such as MCU/ASIC, HVIC, and MOSFET, catering to various applications in home appliances, electric tools, and automotive sectors [10][12] Market Position and Strategy - The company is positioned in the integrated circuit design industry, specifically in the BLDC motor driver control chip segment, which is dominated by international players like Texas Instruments and STMicroelectronics [10][12] - The demand for BLDC motor driver control chips is increasing due to their advantages in reliability, efficiency, and noise reduction, particularly in automotive and industrial applications [10][14] - The company has made significant investments in R&D, with R&D expenses accounting for 18.85% of operating revenue, and has obtained 127 patents to support its innovation efforts [15][16] Future Outlook - The company plans to expand its market presence by leveraging its technological capabilities in automotive electronics and industrial control sectors [15][16] - The successful listing of H-shares on the Hong Kong Stock Exchange is expected to enhance the company's capital structure and support its growth initiatives [16][17] - The company aims to maintain its competitive edge through continuous innovation and by providing comprehensive system-level services to its clients [12][15]

Core Viewpoint - Fortior Technology (Shenzhen) Co., Ltd. has reported significant growth in revenue and assets for the first half of 2025, while also planning to enhance its global presence through an H-share listing in Hong Kong [5][6]. Financial Performance - Total assets increased by 3.50% to CNY 2,742,100,530.30 compared to the end of the previous year [1]. - Net assets attributable to shareholders rose by 3.35% to CNY 2,638,485,902.84 [1]. - Operating revenue for the period reached CNY 375,039,807.05, marking a 32.84% increase year-on-year [1]. - Total profit decreased slightly by 1.85% to CNY 121,801,607.14 [1]. - Net profit attributable to shareholders fell by 4.51% to CNY 116,511,673.14 [1]. - The net cash flow from operating activities increased by 7.32% to CNY 121,904,408.47 [1]. - Basic earnings per share decreased by 4.55% to CNY 1.26 [1]. Shareholder Structure - The largest shareholder, Fortior Technology (Hong Kong) Co., Ltd., holds 38.06% of the shares [3]. - Other significant shareholders include Shanghai Huaxin Venture Capital with 12.1% and Hong Kong Central Clearing Limited with 3.58% [3]. Strategic Developments - The company plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global brand recognition and competitiveness [5]. - The H-share issuance aims to raise funds for product development, market expansion, and strategic investments [5]. - The company successfully listed 18,744,400 H-shares on July 9, 2025, with the stock trading under the name "FORTIOR" [5][6].

峰岹科技（深圳）股份有限公司 关于 2025 年度"提质增效重回报"行动方案的半年度评估 报告 为了积极响应并贯彻落实关于开展科创板上市公司"提质增效重回报"专项 行动的倡议，落实以投资者为本的理念，推动上市公司持续优化经营、规范治理 和积极回报投资者，大力提高上市公司质量，助力信心提振、资本市场稳定和经 济高质量发展的精神要求，峰岹科技（深圳）股份有限公司（以下简称"公司" 或"峰岹科技"）制定了 2025 年度"提质增效重回报"行动方案。现对 2025 年度"提质增效重回报"行动方案半年度执行情况及效果进行评估总结，具体如 下： 2025 年上半年公司持续秉承以投资者为本的发展理念，积极采取措施，落 实"提质增效重回报"专项行动方案，聚焦主营业务发展、提升科技创新能力、 规范公司治理，积极进行投资者交流，增强投资者回报。 一、上半年各项行动进展情况 （一）聚焦主营业务，积极拓展新兴应用领域 公司持续聚焦主营业务的发展，大力加强研发投入，在工业控制、汽车电子、 智能家电等新兴领域持续攻关，不断丰富和增厚知识产权积累，持续深耕下游市 场，实现了主营业务的进一步发展，不断巩固和加深在电机驱动控制领域的行业 地位 ...

证券代码：688279 证券简称：峰岹科技 公告编号：2025-051 峰岹科技（深圳）股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 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。 一、 募集资金基本情况 （一） 实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于同意峰岹科技（深圳）股份有限公司首次 公开发行股票注册的批复》（证监许可[2022]457 号）并经上海证券交易所同意， 峰岹科技（深圳）股份有限公司（以下简称"公司"）首次向社会公众公开发行 人民币普通股（A 股）2,309.0850 万股，发行价格为人民币 82 元/股，募集资金 总额为人民币 189,344.97 万元，扣除发行费用合计人民币 16,498.79 万元（不含 增值税）后，实际募集资金净额为人民币 172,846.18 万元。上述募集资金已于 2022 年 4 月 15 日到位。大华会计师事务所（特殊普通合伙）对本次发行募集资 金的到账情况进行了审验，并出具大华验字[2022] 000195 号《验资报告》。 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2025, representing a year-on-year increase of 25%[1]. - The company's revenue for the first half of the year reached CNY 375.04 million, representing a year-on-year increase of 32.84%[22]. - Total profit for the period was CNY 121.80 million, a decrease of 1.85% compared to the previous year[22]. - Net profit attributable to shareholders was CNY 116.51 million, down 4.51% year-on-year[22]. - The company achieved operating revenue of 375.04 million yuan, a year-on-year increase of 32.84%[45]. - Net profit attributable to shareholders decreased by 4.51% to 116.51 million yuan, while net profit excluding non-recurring items increased by 2.05% to 106.15 million yuan[45]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 25%[124]. - The company reported a net loss of CNY 56,272.73 million for the current period, which is a significant decline compared to the previous earnings[194]. Research and Development - Research and development expenses increased by 15% to RMB 75 million, reflecting the company's commitment to innovation[1]. - The company increased its R&D investment to 18.85% of revenue, up 4.61 percentage points from the previous year[24]. - The company's R&D expenses totaled 70.71 million yuan, representing a year-on-year increase of 75.92%, accounting for 18.85% of the operating revenue[49]. - The R&D team has been expanded, with increased salaries leading to a rise in personnel costs by ¥6.64 million compared to the previous year[62]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[107]. - The company is focused on continuous innovation in drive control algorithms for smart appliances, automotive electronics, and industrial control applications[55]. - Research and development expenses rose to ¥70,709,678.46 in the first half of 2025, up from ¥40,194,308.49 in the same period of 2024, reflecting an increase of approximately 76%[175]. Market Expansion and Product Development - User data indicates a growth in active users to 1.2 million, a 20% increase compared to the previous half-year[1]. - The company plans to launch three new products in Q3 2025, focusing on advanced semiconductor technologies[1]. - Future outlook includes a projected revenue growth of 30% for the full year 2025, driven by market expansion and new product launches[1]. - The company plans to expand its presence in the automotive electronics sector, leveraging its system-level technology to attract more clients[47]. - The company plans to enter two new international markets by the end of 2024, aiming for an additional $200 million in revenue[107]. - New product launches included a flagship model that contributed $150 million in sales during the quarter[108]. - The product range includes key chips for motor drive control, such as MCU/ASIC, HVIC, and MOSFET, catering to various applications in home appliances, electric tools, and automotive sectors[33]. Financial Management and Investments - The company has committed to using raised funds strictly for designated projects to mitigate risks associated with fund usage[116]. - The total amount of funds raised for permanent working capital is RMB 1,035,000,000, with a cumulative investment of RMB 690,000,000, achieving a progress rate of 66.67%[145]. - The company has repurchased its own shares using RMB 20,020,767.98 of the raised funds, achieving a 100% investment progress[145]. - The company plans to use part of the raised funds, amounting to RMB 34,500,000, for permanent working capital, representing 29.41% of the total raised funds[145]. - The company has approved the use of up to RMB 130,000,000 of temporarily idle raised funds for cash management, with a maximum usage period of 12 months[147]. - The company will utilize self-raised funds amounting to RMB 4.9085 million for project payments, which will be replaced by raised funds later[151]. Shareholder and Governance Matters - The board has approved a profit distribution plan, although no specific dividend has been declared for this period[1]. - The company has implemented a stock incentive plan, granting 30,000 restricted stocks to four eligible participants[102]. - The company will ensure compliance with the relevant laws and regulations in handling related party transactions to avoid any damage to the company and its shareholders[110]. - The company has committed to fulfilling all public commitments made during its initial public offering[133]. - The company will publicly disclose reasons for any failure to fulfill commitments and extend the lock-up period for shares held by relevant parties until obligations are met[118]. - The company will ensure compliance with all relevant laws and regulations regarding share transfers[120]. Risks and Challenges - The company has identified key risks including supply chain disruptions and market competition, which are detailed in the risk factors section[1]. - The company faces significant R&D risks due to the reliance on proprietary chip design, which requires extensive development time and costs[71]. - There is a risk of intellectual property theft and potential legal challenges that could hinder market expansion[72]. - Continuous funding is necessary for R&D and production, with rising costs for wafer and packaging impacting cash flow[74]. - The company is vulnerable to inventory depreciation risks if market demand shifts or sales channels are not optimized[76]. - Changes in national industrial policies could affect the company's growth prospects in the strategic semiconductor industry[77]. Compliance and Regulatory Matters - The report emphasizes the importance of maintaining governance standards and compliance with regulatory requirements[1]. - The company committed to strictly adhere to the share lock-up commitments as per the relevant laws and regulations, ensuring no violations during the lock-up period[121]. - The company will ensure compliance with the Shanghai Stock Exchange's rules regarding share transfers by senior management[121]. - The company will actively accept social supervision regarding its public commitments related to the IPO[132].

（一）审议通过《关于公司<2025 年半年度报告>及其摘要的议案》 证券代码：688279 证券简称：峰岹科技 公告编号：2025-050 峰岹科技（深圳）股份有限公司 第二届监事会第二十次会议决议公告 本公司监事会及全体监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、 会议召开情况 峰岹科技（深圳）股份有限公司（以下简称"公司"）第二届监事会第二十 次会议于 2025 年 8 月 27 日在公司会议室以现场方式召开，会议通知及相关材料 于 2025 年 8 月 11 日以邮件形式送达公司全体监事。本次会议由监事会主席汪钰 红主持，本次会议应出席监事 3 人，实际出席监事 3 人。本次会议的召集、召开 符合法律法规和《公司章程》的规定。 二、 会议审议情况 全体与会监事经认真审议和表决，形成以下决议： 经核查，监事会认为：公司 2025 年半年度报告及其摘要的编制和审议程序 符合法律、法规和《公司章程》的各项规定；内容与格式符合中国证监会、上海 证券交易所和香港联合交易所有限公司证券上市规则的各项规定，所包含的信息 真实地反映出公司报告 ...

Market Overview - The Shanghai Composite Index is at 3839.08 points, above the six-month moving average, with a decline of 0.76% [1] - The total trading volume of A-shares is 23899.72 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 16 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Digital Human: 10.98% - *ST Baoshi: 5.13% - Aerospace Electric: 3.50% [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Wangcheng Technology: 0.11% - Zhu Laoliu: 0.16% - Yintuwanglian: 0.17% [1] Performance of Selected Stocks - The following stocks have notable performance metrics: - Digital Human: Today's increase of 14.01% with a turnover rate of 25.34% [1] - *ST Baoshi: Increased by 5.05% with a turnover rate of 2.04% [1] - Aerospace Electric: Increased by 3.55% with a turnover rate of 2.36% [1]