Core Viewpoint - The performance of the Zhongzheng 1000 ETF Enhanced (561280) shows a positive trend with a year-to-date return of 52.00% since its establishment on August 31, 2023, indicating strong market interest and potential investment opportunities [1] Group 1: Fund Performance - The Zhongzheng 1000 ETF Enhanced opened at 1.514 yuan, reflecting a 0.46% increase [1] - The fund's performance benchmark is the Zhongzheng 1000 Index return [1] - The fund manager is Industrial Bank of China Credit Fund Management Co., Ltd., with Liu Zihao as the fund manager [1] Group 2: Stock Performance - Key stocks in the fund include: - Boqian New Materials: down 0.17% - Haoyuan Pharmaceutical: up 0.36% - Yingjixin: down 0.31% - Caixun Co.: down 0.28% - Jinma Amusement: up 0.13% - Panjiang Co.: down 0.38% - Jindawei: up 0.20% - Yiyuan Communication: up 0.02% - Minxin Co.: down 5.44% - Nami Technology: down 0.06% [1] Group 3: Recent Returns - The fund has achieved a return of 1.93% over the past month [1]

Core Viewpoint - Minxin Co., Ltd. (688286.SH) reported a significant turnaround in its financial performance for the first three quarters of 2025, achieving a total operating revenue of 464 million yuan, representing a year-on-year growth of 37.73% [1] Financial Performance - The company achieved a net profit attributable to shareholders of 36.55 million yuan, compared to a loss of 48.09 million yuan in the same period last year [1] - Basic earnings per share were reported at 0.66 yuan [1]

Core Insights - The company reported a revenue of 463,679,918.25 yuan for the first three quarters of 2025, representing a year-on-year growth of 37.73% [1] - The net profit attributable to shareholders of the listed company for the same period was 36,545,665.34 yuan [1] Financial Performance - Revenue for the first three quarters of 2025: 463.68 million yuan, up 37.73% year-on-year [1] - Net profit for the first three quarters of 2025: 36.55 million yuan [1]

证券代码：688286 证券简称：敏芯股份 公告编号：2025-063 经与会董事认真审议，形成如下决议： （一）审议并通过《关于<公司 2025 年第三季度报告>的议案》 苏州敏芯微电子技术股份有限公司 第四届董事会第十次会议决议公告 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、董事会会议召开情况： 苏州敏芯微电子技术股份有限公司（以下简称"公司"）第四届董事会第 十次会议通知已于 2025 年 10 月 24 日以邮件形式发出，会议于 2025 年 10 月 29 日以现场与通讯表决相结合的方式召开。本次会议由董事长李刚先生主持， 应到董事 7 名，实到董事 7 名，符合《公司法》和《公司章程》等有关法律法 规规定，表决形成的决议合法、有效。 二、董事会会议审议情况： 此议案已经董事会审计委员会审议通过。 公司已按照企业会计准则和上海证券交易所的有关规定编制了《2025 年第 三季度报告》，在所有重大方面公允地反映了公司 2025 年前三季度的财务状况 和经营成果。 表决结果：7 票同意，0 票反对，0 票弃权 ...

苏州敏芯微电子技术股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 11 月 10 日 （星期一）13:00-14:00 证券代码：688286 证券简称：敏芯股份 公告编号：2025-062 二、 说明会召开的时间、地点和方式 （一）会议召开时间：2025 年 11 月 10 日（星期一）13:00-14:00 （二）会议召开地点：上证路演中心 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 3 日（星期一）至 11 月 7 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@memsensing.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 苏州敏芯微电子技术股份有限公司（ ...

一、计提资产减值准备情况概述 根据《企业会计准则》以及公司会计政策、会计估计的相关规定，为了真实、 准确地反映公司截至 2025 年 9 月 30 日的财务状况，本着谨慎性原则，公司对截 至 2025 年 9 月 30 日公司及下属子公司的资产进行了减值测试，对可能发生资产 减值损失的相关资产计提减值准备。2025 年前三季度确认的各项资产减值损失 7,021,141.14 元，具体情况如下表： 证券代码：688286 证券简称：敏芯股份 公告编号：2025-061 苏州敏芯微电子技术股份有限公司 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。 苏州敏芯微电子技术股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开第四届董事会第十次会议，审议通过了《关于 2025 年前三季度计提资 产减值准备的议案》，本议案无需提交公司股东会审议。现将相关情况公告如下： （二）信用减值损失 对于应收账款，公司以预期信用损失为基础，参考历史信用损失经验，结合 当前状况以及 ...

Financial Performance - The company's revenue for the third quarter reached ¥159,692,587.43, representing a year-on-year increase of 21.90%[4] - The total profit for the period was ¥12,274,468.41, with a net profit attributable to shareholders of ¥11,354,892.99[4] - Year-to-date revenue amounted to ¥463,679,918.25, reflecting a growth of 37.73% compared to the same period last year[4] - Basic earnings per share for the third quarter were ¥0.21, with diluted earnings per share also at ¥0.21[4] - The weighted average return on equity was 1.07% for the quarter, down from 3.49% year-to-date[4] - Net profit for the first three quarters of 2025 was CNY 37,970,567.27, compared to a net loss of CNY 48,972,077.59 in the first three quarters of 2024[21] - Operating profit for the first three quarters of 2025 was CNY 38,106,100.45, a significant recovery from a loss of CNY 43,353,623.17 in the same period of 2024[20] - Basic earnings per share for the first three quarters of 2025 were CNY 0.66, compared to a loss per share of CNY 0.87 in the same period of 2024[21] Research and Development - Research and development expenses totaled ¥18,799,632.70, accounting for 11.77% of revenue, a decrease of 2.82 percentage points from the previous year[5] - The increase in revenue was primarily driven by significant sales growth in pressure and inertial sensor product lines due to ongoing R&D and market promotion efforts[8] - Research and development expenses for the first three quarters of 2025 were CNY 57,429,902.52, slightly down from CNY 58,334,789.14 in the first three quarters of 2024[20] Assets and Liabilities - The company's total assets increased by 3.16% to ¥1,249,098,683.33 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥725,257,856.27, an increase from ¥645,563,445.92 as of December 31, 2024[15] - Cash and cash equivalents increased to ¥193,563,092.15 from ¥144,610,161.26[15] - Accounts receivable rose to ¥67,175,987.87 from ¥61,259,701.43[15] - Inventory decreased to ¥204,129,449.78 from ¥241,436,220.35[15] - Total non-current assets decreased to ¥523,840,827.06 from ¥565,310,278.99[16] - Total liabilities decreased to CNY 176,189,605.88 in 2025 from CNY 182,494,488.72 in 2024, indicating improved financial stability[20] - The company's total equity increased to CNY 1,072,909,077.45 in 2025 from CNY 1,028,379,236.19 in 2024, reflecting a stronger balance sheet[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥104,281,099.19[4] - The company reported a net cash flow from operating activities of CNY 104,281,099.19 for the first three quarters of 2025, reversing a negative cash flow of CNY 74,201,955.24 in the same period of 2024[22] - Net cash flow from investment activities was -$64.8 million, compared to -$48.0 million in the previous period, indicating a decline in investment performance[24] - Total cash inflow from financing activities was $14.9 million, down from $24.0 million year-over-year[24] - Net cash flow from financing activities improved to $9.4 million, compared to a negative $6.6 million in the previous period[24] - The ending balance of cash and cash equivalents increased to $193.2 million, up from $100.6 million in the previous year[24] - Cash outflow for investment activities totaled $271.5 million, compared to $382.1 million in the prior period, reflecting a reduction in investment spending[24] - Cash inflow from borrowing was $10.0 million, down from $20.0 million year-over-year, indicating a decrease in new debt financing[24] - Cash outflow for financing activities decreased significantly to $5.5 million from $30.6 million in the previous period, showing improved cash management[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,762[11] - The largest shareholder, Li Gang, holds 10,745,026 shares, representing 19.17% of total shares[11] Other Information - Non-recurring gains for the period included government subsidies amounting to ¥1,527,097.54[6] - The company will not apply new accounting standards starting from 2025, as per the announcement[25]

Core Viewpoint - The stock of Minxin Co., Ltd. has experienced fluctuations, with a notable decline of 2.06% on October 16, 2023, despite a year-to-date increase of 55.70% [1] Group 1: Stock Performance - As of October 16, 2023, Minxin's stock price is reported at 93.81 CNY per share, with a total market capitalization of 5.257 billion CNY [1] - The stock has seen a net outflow of 5.9574 million CNY in principal funds, with significant selling pressure observed [1] - Over the past five trading days, the stock has declined by 12.15%, while it has increased by 1.88% over the last 20 days and 37.94% over the last 60 days [1] Group 2: Company Overview - Minxin Co., Ltd. was established on September 25, 2007, and went public on August 10, 2020, focusing on the research and sales of MEMS sensor products [1] - The company's revenue composition includes MEMS pressure sensors (43.83%), MEMS acoustic sensors (37.09%), packaging technology solutions (12.43%), MEMS inertial sensors (6.50%), and others (0.15%) [1] - The company operates within the semiconductor industry, specifically in analog chip design, and is associated with various concept sectors including consumer electronics and robotics [1] Group 3: Financial Performance - For the first half of 2025, Minxin reported a revenue of 304 million CNY, reflecting a year-on-year growth of 47.82%, and a net profit attributable to shareholders of 25.19 million CNY, up 171.65% year-on-year [2] - Since its A-share listing, the company has distributed a total of 16.7434 million CNY in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, the number of shareholders has increased by 3.33% to 7,255, while the average circulating shares per person decreased by 3.19% to 7,720 shares [2]

Company Overview - Minxin Microelectronics Co., Ltd. is located in Suzhou, Jiangsu, China, and was established on September 25, 2007. The company went public on August 10, 2020. Its main business involves the research and sales of MEMS sensor products [1] - The revenue composition of the company includes: MEMS pressure sensors (43.83%), MEMS acoustic sensors (37.09%), packaging technology solutions (12.43%), MEMS inertial sensors (6.50%), and others (0.15%) [1] Financial Performance - As of June 30, 2025, Minxin achieved an operating income of 304 million yuan, representing a year-on-year growth of 47.82%. The net profit attributable to shareholders was 25.19 million yuan, showing a significant increase of 171.65% year-on-year [2] - Since its A-share listing, the company has distributed a total of 16.74 million yuan in dividends, with no dividends paid in the last three years [3] Stock Performance - On October 15, the stock price of Minxin fell by 2.16%, trading at 93.25 yuan per share, with a total market capitalization of 5.226 billion yuan. The stock has increased by 54.77% year-to-date but has decreased by 14.97% over the last five trading days [1] - The number of shareholders as of June 30, 2025, was 7,255, an increase of 3.33% from the previous period. The average number of circulating shares per person decreased by 3.19% to 7,720 shares [2] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Xin'ao Advanced Intelligent Manufacturing Stock A (006257) held 1.5015 million shares, an increase of 53,000 shares from the previous period. Xin'ao Leading Growth Mixed A (610001) held 1.1411 million shares, a decrease of 19,200 shares [3]

Core Viewpoint - The semiconductor stocks experienced a significant decline, with several companies seeing drops exceeding 10% due to adjustments in margin financing rates related to high static price-to-earnings ratios [1] Group 1: Stock Performance - Dongxin Co. and Baiwei Storage fell over 11% - Yandong Micro and Jinghe Integration dropped over 10% - Demingli, Huahong, and Purun shares decreased over 8% - Lianyun Technology and Chiplink Integration fell over 7% - Other companies like Hengsuo, Aojie Technology, and Zhongke International saw declines over 6% [1] Group 2: Margin Financing Adjustments - On October 9, margin financing rates for stocks like Zhongke International and Baiwei Storage were reduced to 0 due to their static price-to-earnings ratios exceeding 300 times - Multiple brokerages clarified that this adjustment is a routine operation based on exchange rules established in 2016, applicable to all A-share stocks with similar high static price-to-earnings ratios [1]