证券代码：688352 证券简称：颀中科技 合肥颀中科技股份有限公司 Hefei Chipmore Technology Co.,Ltd. （安徽省合肥市新站区综合保税区大禹路 2350 号） 向不特定对象发行可转换公司债券 上市公告书 保荐机构（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 二〇二五年十一月 第一节 重要声明与提示 合肥颀中科技股份有限公司（以下简称"颀中科技"、"发行人"或"公司"） 及全体董事、高级管理人员承诺募集说明书及其他信息披露资料不存在任何虚假 记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整性承担相应的法律 责任。 公司负责人、主管会计工作负责人及会计机构负责人保证上市公告书中财务 会计资料真实、完整。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资 ...

Group 1 - The company, Qizhong Technology, announced the issuance of convertible bonds amounting to 850 million yuan, with a maturity period of 6 years and a face value of 100 yuan per bond [2] - A total of 8.5 million bonds will be issued, and the raised funds are expected to be in place by November 7, 2025 [2] - The company has signed a tripartite supervision agreement for the special account of the raised funds with the sponsor, CITIC Securities Co., Ltd., and the commercial banks holding the funds [2]

Group 1 - The company has received approval from the China Securities Regulatory Commission to issue convertible bonds totaling RMB 850 million, with a net amount of RMB 838.79 million after deducting issuance costs of RMB 11.21 million [2][3] - The company has established a special account for the management of the raised funds and signed a tripartite supervision agreement to ensure proper use and storage of the funds [3][4][5] Group 2 - The special account is designated solely for the storage and use of funds related to specific projects, such as the high-foot micro-sized bump packaging and testing project [5][10] - The supervising party, CITIC Securities, is responsible for monitoring the use of the raised funds and must conduct at least biannual inspections [6][18] - The agreement stipulates that any withdrawal exceeding RMB 50 million or 20% of the net raised funds must be reported to the supervising party [7][24]

证券代码：688352 证券简称：颀中科技 公告编号：2025-066 合肥颀中科技股份有限公司 关于开立可转换公司债券募集资金专项账户 并签订募集资金专户存储三方监管协议的公告 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意合肥颀中科技股份有限公司向不特定 对象发行可转换公司债券注册的批复》（证监许可〔2025〕2298号）同意注册， 合肥颀中科技股份有限公司（以下简称"公司"）向不特定对象发行85,000.00 万元的可转换公司债券，期限为6年，每张面值为人民币100元，发行数量为 850,000手（8,500,000张）。本次发行的募集资金总额为人民币85,000.00万元， 扣除不含税的发行费用1,120.99万元，实际募集资金净额为83,879.01万元。 上述募集资金已于2025年11月7日到位，天职国际会计师事务所（特殊普通 合伙）对公司募集资金到账情况进行了审验，并出具了《合肥颀中科技股份有限 公司验资报告》（天职业字[2025]41896号）。 二 ...

证券代码：688352 证券简称：颀中科技 公告编号：2025-065 合肥颀中科技股份有限公司 向不特定对象发行可转换公司债券发行结果公告 保荐人（主承销商）：中信建投证券股份有限公司 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、准确性和完整性承担个别及连带责任。 重要内容提示： 合肥颀中科技股份有限公司（以下简称"颀中科技"、"发行人"或"公司"）向 不特定对象发行可转换公司债券（以下简称"可转债"或"颀中转债"）已获得中国证 券监督管理委员会证监许可〔2025〕2298号文同意注册。公司聘请中信建投证券 股份有限公司（以下简称"中信建投证券"、"主承销商"或"保荐人（主承销商）"） 担任本次发行的保荐人（主承销商）。本次发行的可转债简称为"颀中转债"，债券 代码为"118059"。 本次发行原股东优先配售的缴款工作已于 2025 年 11 月 3 日（T 日）结束，配 售结果如下： | 类别 | 配售数量（手） | 配售金额（元） | | --- | --- | --- | | 原股东 | 513,351 | 513,351,000 | 二、本次 ...

Report Industry Investment Rating No information provided regarding the report industry investment rating. Core Viewpoints of the Report - The target price of Qizhong Convertible Bond on the first trading day is estimated to be between 128 - 133 yuan, and investors are advised to actively subscribe. Considering the current market environment and parity level, the conversion premium rate on the first listing day is expected to be in the range of 28% - 33% [3][18]. - The estimated first - day new - bond lottery winning rate is around 0.0024% - 0.004% [19]. Summary by Relevant Catalogs 1. Qizhong Convertible Bond New - Bond Analysis and Investment Suggestions 1.1 Convertible Bond Basic Terms Analysis - The issuance methods of Qizhong Convertible Bond are priority placement and online issuance. The bond and issuer ratings are AA+. The issuance scale is 850 million yuan, the initial conversion price is 13.75 yuan, the bond parity is 100.29 yuan, and the pure bond value is 98.54 yuan. The game terms are normal. Overall, the bond issuance scale is average, the liquidity is average, the rating is good, and the bond floor protection is good. It is not difficult for institutions to include it in their portfolios, and there is no objection to primary participation [2][14]. 1.2 New - Bond Initial Listing Price Analysis - The company mainly engages in advanced packaging and testing of integrated circuits, focusing on the display driver chip packaging and testing field and non - display chip packaging and testing fields such as power management chips and RF front - end chips. The funds raised from this issuance will be used for relevant projects, which can optimize the company's capital structure and enhance its market competitiveness [3][17]. 1.3 Convertible Bond New - Bond Lottery Winning Rate Analysis - Assuming the old shareholders' placement ratio is 59% - 76%, the scale of Qizhong Convertible Bond available to the market is 203 million - 350 million yuan. Assuming the online effective subscription number is 8.65 million households, the lottery winning rate is around 0.0024% - 0.004% [19]. 2. Underlying Stock Fundamental Analysis 2.1 Company's Main Business and Industry Upstream and Downstream - The company focuses on advanced packaging and testing of integrated circuits, mainly in the display driver chip and non - display chip packaging and testing fields. The integrated circuit industry chain includes chip design, wafer manufacturing, and packaging and testing. The upstream of the packaging and testing industry is integrated circuit manufacturing. Different types of chips have different downstream application markets [20][21]. 2.2 Company's Operating Conditions - The company's recent operating income has shown an increasing trend. From 2022 to the first half of 2025, the operating income was 1.317 billion yuan, 1.629 billion yuan, 1.95 billion yuan, and 996 million yuan respectively. The comprehensive gross profit margin has declined, and the net profit margin has also decreased. The company's period expenses have fluctuated slightly, and R & D expenses have been increasing. Accounts receivable have risen, but the turnover rate remains relatively high. The net profit attributable to the parent company has changed significantly [24][28][30]. 2.3 Company's Equity Structure and Major Subsidiaries - As of June 30, 2025, the company's equity structure is relatively concentrated. The top two shareholders hold 58.83% of the shares, and the top ten shareholders hold 76.06% of the shares. The company has one wholly - owned first - level subsidiary and one wholly - owned second - level subsidiary [43]. 2.4 Company's Business Characteristics and Advantages - The company is an advanced packaging and testing service provider for integrated circuits, with advantages in technological innovation, talent cultivation and introduction policies, and R & D incentive policies [46]. 2.5 Allocation of Funds Raised in This Issuance - The company plans to issue convertible bonds to raise up to 850 million yuan. 419 million yuan will be used for the "High - Pin - Count Micro - Sized Bump Packaging and Testing Project", and 431 million yuan will be used for the "Advanced Power and Flip - Chip Packaging and Testing Technology Transformation Project of Qizhong Technology (Suzhou) Co., Ltd." [12][49].

证券代码：688352 证券简称：颀中科技 公告编号：2025-064 合肥颀中科技股份有限公司 向不特定对象发行可转换公司债券 网上中签结果公告 保荐人（主承销商）：中信建投证券股份有限公司 凡参与颀中转债网上申购的投资者持有的申购配号尾数与上述号码相同的，则 为中签号码。中签号码共 336,649 个，每个中签号码只能认购 1 手（1,000 元）颀 中转债。 特此公告。 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、准确性和完整性承担法律责任。 根据《合肥颀中科技股份有限公司向不特定对象发行可转换公司债券发行公 告》，本次发行的发行人合肥颀中科技股份有限公司（以下简称"颀中科技"）及 本次发行的保荐人（主承销商）中信建投证券股份有限公司于 2025 年 11 月 4 日 （T+1 日）主持了颀中科技可转换公司债券（以下简称"颀中转债"）网上发行中 签摇号仪式。摇号仪式按照公开、公平、公正的原则在有关单位代表的监督下进行， 摇号结果经上海市东方公证处公证。现将中签结果公告如下： | 末尾位数 | 中签号码 | | --- | --- | | 末"5" ...

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、准确性和完整性承担法律责任。 重要内容提示： | 类别 | 中签率/配售比 | 有效申购数量 | 实际配售数量 | 实际获配金额 | | --- | --- | --- | --- | --- | | | 例（%） | （手） | （手） | （元） | | 原股东 | 100.00 | 513,351 | 513,351 | 513,351,000 | | 网上社会公众投资者 | 0.00382834 | 8,793,613,829 | 336,649 | 336,649,000 | | 网下机构投资者 | - | - | - | - | | 合计 | | 8,794,127,180 | 850,000 | 850,000,000 | 证券代码：688352 证券简称：颀中科技 公告编号：2025-063 合肥颀中科技股份有限公司 向不特定对象发行可转换公司债券 网上中签率及优先配售结果公告 保荐人（主承销商）：中信建投证券股份有限公司 一、总体情况 颀中转债本次发行 85,000.00 万元（850,00 ...

Core Viewpoint - The company, Qizhong Technology (688352), has demonstrated strong growth in its main business of integrated circuit packaging and testing, with a notable increase in revenue and a focus on technological innovation and customer relationships [10]. Group 1: Customer Structure - The company's current OLED customer base includes notable clients such as Ruiding, Yunyin Valley, Jichuang North, Lianying, Shengxianwei, Xinying, Yisiwei, and Yuchuang [2]. Group 2: Competitive Advantages - The company possesses outstanding technological research and innovation capabilities, having developed proprietary technologies in the field of display driver chip packaging, including high-reliability manufacturing techniques for fine-pitch gold bumps and core component design technologies [4]. - The company has a strong advantage in technical transformation and software/hardware development, with a specialized team of over 20 professionals dedicated to smart manufacturing and equipment modification [5]. - The management team is experienced and stable, primarily composed of internally trained personnel with over 15 years of experience in the advanced packaging and testing industry, which supports the company's leading position in the market [5]. Group 3: Pricing Trends and Order Visibility - The company aims to maintain stable pricing as a priority, with future adjustments based on market supply and demand conditions [7]. - Currently, customers typically provide a demand forecast of about three months [8]. Group 4: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 1.605 billion yuan, an increase of 11.8% year-on-year, while the net profit attributable to shareholders decreased by 19.2% to 185 million yuan [10]. - The gross profit margin for the company stands at 28.6% [10]. Group 5: Market Ratings and Predictions - In the last 90 days, four institutions have rated the stock, with three buy ratings and one hold rating [11]. - Detailed profit forecasts from various institutions indicate expected net profits of 336 million yuan for 2025, 400 million yuan for 2026, and 510 million yuan for 2027 [12].

Group 1 - The company has approved a share repurchase plan using excess funds, self-owned funds, and special loan funds, with a maximum repurchase price of RMB 16.61 per share and a total repurchase amount between RMB 75 million and RMB 150 million [2][3] - As of October 31, 2025, the company has repurchased a total of 8,714,483 shares, accounting for 0.73% of the total share capital, with a total expenditure of approximately RMB 100.40 million [4][5] Group 2 - The company is issuing convertible bonds worth RMB 850 million, with each bond having a face value of RMB 100, and the issuance has been approved by the China Securities Regulatory Commission [9][10] - Original shareholders have priority in subscribing to the convertible bonds, with a subscription ratio of 0.000720 bonds per share held, and the subscription date is set for November 3, 2025 [11][19] - The total number of shares eligible for original shareholders to participate in the priority subscription is 1,180,322,805 shares after excluding repurchased shares [19] Group 3 - The issuance of convertible bonds will be conducted through an online subscription system, with a minimum subscription unit of 1 hand (1,000 RMB) and a maximum of 1,000 hands (100,000 RMB) per account [29][30] - If the total subscription amount from original shareholders and public investors is less than 70% of the total issuance, the company may consider suspending the issuance [33][34]