经中国证券监督管理委员会（简称"中国证监会"）"证监许可〔2023〕415 号文"批准，合肥颀中科技股份有限公司（简称"公司"或"颀中科技"）向社 会公开发行人民币普通股 200,000,000 股。公司本次发行新股的发行价为 12.10 元/股，募集资金总额人民币 2,420,000,000.00 元，扣除发行费用合计人民币 187,373,816.76 元后，募集资金净额人民币 2,232,626,183.24 元。本次公开发行股 票于 2023 年 4 月 20 日在上海证券交易所上市。中信建投证券股份有限公司（简 称"中信建投证券"）担任本次公开发行股票的保荐人。根据《证券发行上市保荐 业务管理办法》，由中信建投证券完成持续督导工作，出具本 2025 年半年度持 续督导跟踪报告。 | | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制 | 保荐人已建立健全并有效执行了 持续督导工作制度，并结合持续督 | | | 度，并针对具体的持续督导工作制定 | 导各项工作事宜制定了相应的工 | | | 相应的工作计划。 | 作计划。 | | 2 ...

Core Viewpoint - The company Hefei Chipmore Technology Co., Ltd. is convening its first extraordinary general meeting of shareholders in 2025 to discuss several important proposals, including the revised 2024 Restricted Stock Incentive Plan and the three-year shareholder return plan for 2025-2027 [1][2]. Meeting Details - The extraordinary general meeting is scheduled for September 16, 2025, at 14:00, to be held at the company's conference room located at 2350 Dayu Road, Hefei, Anhui Province [2]. - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's online voting system [1][2]. Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system, with specific time slots for voting on the day of the meeting [3]. - The voting period for online participation is from 9:15 to 15:00 on the day of the meeting [2][3]. Proposals for Discussion - The meeting will review several proposals, including: 1. The second revised draft of the 2024 Restricted Stock Incentive Plan [1]. 2. The rules for the convertible bondholders' meeting [1]. 3. The revision of the company's three-year shareholder return plan for 2025-2027 [1]. Attendance and Registration - Shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the close of trading on September 8, 2025, are eligible to attend the meeting [5]. - Registration for the meeting will take place on the same day from 13:00 to 16:00 at the designated location [8]. Proxy Voting - Shareholders may appoint proxies to attend the meeting and vote on their behalf, with specific documentation required for the proxy [5][6].

合肥颀中科技股份有限公司 关于召开2025年第一次临时股东大会的通知 证券代码：688352 证券简称：颀中科技 公告编号：2025-046 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第一次临时股东大会 召开日期时间：2025 年 9 月 16 日 14 点 00 分 召开地点：安徽省合肥市新站区综合保税区大禹路 2350 号颀中科技会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 16 日 至2025 年 9 月 16 日 | 序号 | 议案名称 | 投票股东类 型 | | --- | --- | --- | | | | A 股股东 | | 非累积投票议案 | | | | 1 | 关于公司 2025 年半年度利润分配预案的议案 | √ | | 2 | 关于公司《2024 年限制性股票激励计划（草案二次修订 稿）》及其摘要的议案 | √ | | ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [5][18]. Core Insights - The company has shown steady revenue growth in the first half of 2025, with a year-on-year increase of 6.63%, reaching a revenue of 996 million yuan. However, the net profit attributable to the parent company decreased by 38.78% year-on-year to 99 million yuan [1][2]. - The company's gross margin for the first half of 2025 was 27.65%, down 5.22 percentage points year-on-year, while the net margin was 9.96%, down 7.39 percentage points year-on-year. In Q2 2025, the gross margin improved to 31.27%, up 7.60 percentage points quarter-on-quarter [2]. - The company is benefiting from the ongoing shift in the panel industry, with a strong position in the display driver chip market, particularly in the advanced 28nm process technology [3][10]. Financial Summary - Revenue projections for the company are as follows: 1,629 million yuan in 2023, 1,959 million yuan in 2024, 2,250 million yuan in 2025, 2,632 million yuan in 2026, and 3,054 million yuan in 2027, reflecting growth rates of 23.7%, 20.3%, 14.8%, 17.0%, and 16.0% respectively [1][11]. - The net profit attributable to the parent company is expected to be 372 million yuan in 2023, decreasing to 313 million yuan in 2024, and then recovering to 420 million yuan by 2027 [1][11]. - The company's earnings per share (EPS) are projected to be 0.31 yuan in 2023, decreasing to 0.23 yuan in 2025, and then increasing to 0.35 yuan by 2027 [1][11]. Industry Outlook - The report anticipates continued demand growth in the display industry, particularly for AMOLED technology, which accounted for 18% of the company's revenue in the first half of 2025. The penetration rate of AMOLED is expected to rise further [3][10]. - The company is actively expanding its non-display testing services to create a second growth curve, enhancing its competitiveness in the semiconductor packaging market [4][9].

Group 1 - The core viewpoint of the report is that Zhongke Technology (688352.SH) is rated as "Buy" due to its stable revenue growth and recovery in gross margin [1] - The company has effectively reduced inventory of large-sized panels, with preparations for the promotional period in the second half of the year underway [1] - The display business remains solid, and the company is actively expanding into non-display related businesses [1] Group 2 - The pet industry is experiencing significant growth, with a market size of 300 billion yuan, leading to a surge in stock prices for related companies [1]

Investment Rating - The report maintains an "Overweight" rating for the company [1][5] Core Views - The company shows signs of a recovery in gross margin and is actively expanding its new business while maintaining its leading position in the display sector [3][8] - The company's revenue for Q2 2025 has shown a steady year-on-year growth, with a significant quarter-on-quarter recovery in gross margin [8] Financial Summary - The company is expected to achieve revenues of RMB 2,288 million in 2025, with a growth rate of 16.8% [7] - The estimated EPS for 2025, 2026, and 2027 are RMB 0.29, RMB 0.33, and RMB 0.37 respectively, with corresponding PE ratios of 43.1, 38.5, and 34.1 [5][7] - The company reported a revenue of RMB 9.96 billion for H1 2025, with a year-on-year increase of 7% [8] - The gross margin for Q2 2025 was 31.3%, showing a quarter-on-quarter increase of 7.6 percentage points [8] Market Position - The company ranks third globally in display driver chip packaging and first in the Chinese market (excluding Hong Kong and Taiwan) [8] - The company is actively expanding into non-display businesses, including packaging services for power devices [8]

Core Viewpoint - The financial performance of Qizhong Technology (688352) for the first half of 2025 shows a mixed picture, with revenue growth but a significant decline in net profit compared to the previous year [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 reached 996 million yuan, an increase of 6.63% year-on-year [1][2]. - Net profit attributable to shareholders was 99.19 million yuan, down 38.78% year-on-year [1][2]. - The gross profit margin decreased to 27.65%, a decline of 15.86% compared to the previous year [1][2]. - The net profit margin fell to 9.96%, down 42.58% year-on-year [1][2]. - Total expenses (selling, administrative, and financial) amounted to 64.68 million yuan, representing 6.5% of revenue, an increase of 15.38% year-on-year [1][2]. - Earnings per share decreased to 0.08 yuan, down 42.86% year-on-year [1][2]. Cash Flow and Asset Management - Operating cash flow per share was 0.2 yuan, a decrease of 25.98% year-on-year [1][2]. - The company reported a significant increase in accounts receivable, which accounted for 71.61% of the latest annual net profit [1][2]. - Cash and cash equivalents decreased by 29.96% to 1.047 billion yuan [1][2]. Cost and Expense Analysis - Operating costs increased by 14.91%, attributed to business growth and rising depreciation and labor costs [2]. - Research and development expenses rose by 35.32%, driven by increased stock incentive costs for R&D personnel [3]. - Financial expenses surged by 70.17%, primarily due to reduced interest income [2]. Market and Investment Outlook - Analysts expect the company's performance for 2025 to reach 314 million yuan, with an average earnings per share forecast of 0.26 yuan [4]. - The company’s return on invested capital (ROIC) was reported at 4.5%, indicating a relatively weak capital return [3].

公司代码：688352 公司简称：颀中科技 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到上海证券交易所网站（www.sse.com.cn）网站仔细阅读半年度报告全文。 1.2重大风险提示 公司已在本报告中详细阐述公司在生产经营过程中可能面临的各种风险，敬请查阅本报告"第三节管理 层讨论与分析"之"四、风险因素"。 1.3本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.4公司全体董事出席董事会会议。 1.5本半年度报告未经审计。 1.6董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司2025年半年度利润分配预案为：公司拟以实施权益分派股权登记日登记的总股本扣减公司回购专用 证券账户中的股份为基数，向全体股东每10股派发现金红利0.5元（含税）。截至2025年7月31日，公司 总股本为1,189,037,288股，扣减回购专用证券账户中股份总数8,714,483股后的股本为1,180,322,805股， ...

登录新浪财经APP 搜索【信披】查看更多考评等级 ■ 除上述条款修订外，原《公司章程》其他条款的修订为非实质性修订。主要包括条款编号、援引条款序 号的相应调整、标点符号的调整、数字大小写替换以及"股东大会"统一修改为"股东会"等，因修订内容 较多且修订范围较广，不涉及权利义务变动，不进行逐条列示。 以上事项尚需提交股东大会审议，同时，公司董事会提请股东大会授权公司董事会及其授权人士办理上 述事项涉及的工商变更登记、《公司章程》备案等相关事宜，相关登记、备案最终以市场监督管理部门 核准的内容为准。修订后的《公司章程》于同日通过上海证券交易所网站（ www.sse.com.cn）予以披 露。 二、制定及修订部分内部治理制度的情况 为进一步加强公司的规范运作及内控管理水平，完善公司治理结构，根据《公司法》《章程指引》《上 海证券交易所科创板股票上市规则》《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》等法律法规、规范性文件以及《公司章程》的最新修订的情况，并结合公司实际情况，拟制定及修 订部分治理制度，具体情况如下： ■ 上述制度的制定及修订已经公司第二届董事会第六次会议审议通过，其中《合肥颀中科技 ...

Meeting Overview - The second board meeting of Hefei Qizhong Technology Co., Ltd. was held on August 21, 2025, with all 9 directors present, ensuring compliance with relevant laws and regulations [1][2] Financial Reports - The board approved the 2025 semi-annual report and its summary, which had previously been reviewed by the audit committee [2] - The company reported that the management and actual use of raised funds for the first half of 2025 complied with relevant regulations, with no misuse of funds [2] Profit Distribution - A cash dividend of 0.5 yuan per 10 shares (including tax) was proposed, totaling approximately 59 million yuan, which represents 59.50% of the net profit attributable to shareholders for the first half of 2025 [3] Stock Incentive Plan - The board approved a revised draft of the 2024 restricted stock incentive plan to promote high-quality development [4] Independent Director Appointment - The resignation of independent director Hu Xiaolin was noted, and the board nominated Jie Guangjun as a candidate for the independent director position, pending shareholder approval [5][6] Committee Adjustments - The board approved the adjustment of committee members following the resignation of Hu Xiaolin, ensuring compliance with legal requirements [7] Director Compensation - A proposal to adjust the compensation for independent directors was approved, with the specifics to be submitted for shareholder approval [8] Governance Structure Changes - The board approved the cancellation of the supervisory board and the revision of the company’s articles of association, pending shareholder approval [9] Internal Governance - The board approved the formulation and revision of certain governance systems to enhance operational compliance and internal control [9] Performance Evaluation - The semi-annual evaluation report of the "Quality Improvement and Efficiency Enhancement Action Plan" for 2025 was approved, reflecting the company's commitment to investor interests [10] Loan Application - The company plans to apply for a fixed asset loan from CITIC Bank to support the construction of a project, which aligns with its business development strategy [11] Upcoming Shareholder Meeting - The board agreed to convene the first temporary shareholder meeting of 2025, with details to be announced later [11]