平安证券股份有限公司 关于甬矽电子(宁波) 股份有限公司 2025 年半年度持续督导跟踪报告 平安证券股份有限公司(以下简称平安证券或保荐机构)作为甬矽电子(宁 波)股份有限公司(以下简称甬矽电子或公司)向不特定对象发行可转换公司债 券(以下简称本次发行)的保荐机构,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》《上海证券交易所上市公司自律监管指引第11号 -- 持续督导》等相关规定,负责诵矽申子的持续督导工作,并出具 2025年半 年度持续督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 实施情况 | | --- | --- | --- | | | | 保荐机构已建立健全并有效执 | | 1 | 建立健全并有效执行持续督导工作制度,并针对 | 行了持续督导制度,并制定了 | | | 具体的持续督导工作制定相应的工作计划。 | | | | | 相应的工作计划。 | | | 根据中国证监会相关规定,在持续督导工作开始 前,与上市公司签署持续督导协议,明确双方在 | | | | | 保荐机构已与角矽电子 ...

Group 1: Industry Overview - The performance of companies in emerging industries, particularly integrated circuits, has shown significant improvement, reflecting the optimization and upgrading of China's economic structure [1] - The number of integrated circuit companies listed on the Sci-Tech Innovation Board has reached 120, accounting for 60% of the total number of A-share companies in this sector [1] - In the first half of the year, these 120 integrated circuit companies achieved a total revenue of 160.04 billion yuan, a year-on-year increase of 24%, and a net profit of 13.1 billion yuan, up 62% [1] Group 2: AI Chip Companies - Companies producing AI computing chips have experienced explosive growth due to the surge in demand for computing power driven by AI technology [2] - For instance, Cambrian Technology Co., Ltd. reported a revenue of 2.881 billion yuan in the first half of the year, a staggering increase of 4,300% year-on-year [2] - Other companies like Haiguang Information Technology Co., Ltd. and Montage Technology Co., Ltd. also reported significant revenue growth of 45% and 58%, respectively [2] Group 3: Consumer Electronics and Chips - The dual drive of national subsidies and AI technology has effectively stimulated the consumer market, leading to a structural recovery in categories like smartphones and tablets [3] - Companies such as Tailing Microelectronics and SmartSens Technology have reported substantial revenue increases of 37.72% and 54.11%, respectively, in the first half of the year [3] - The wearable market's growth has also contributed to the revenue increase for companies like Hengxuan Technology, which saw a 26.58% rise in revenue [3] Group 4: Wafer Manufacturing - The domestic wafer manufacturing sector has shown steady growth, with four major wafer foundry companies achieving a combined revenue of 49.059 billion yuan, a year-on-year increase of 21.80% [4] - SMIC reported a revenue of 32.348 billion yuan, up 23.14%, and a net profit of 1.646 billion yuan, reflecting a 39.76% increase [4] - The capacity utilization rates of these companies are close to full capacity, indicating a robust foundation for industry development [4] Group 5: Mergers and Acquisitions - Leading wafer companies are pursuing growth through mergers and acquisitions to enhance their production capacity and technological capabilities [5][6] - For example, Huahong Semiconductor plans to acquire Shanghai Huahong Microelectronics, which is expected to add 38,000 pieces per month of new capacity [6] - Chip Alliance's acquisition of a minority stake in a related company is also aimed at strengthening its service capabilities in emerging markets like new energy vehicles [6] Group 6: Equipment and Materials - The semiconductor equipment sector continues to experience high demand driven by domestic substitution and technological breakthroughs [7] - Companies like Zhongwei Semiconductor Equipment and Shenzhen Zhongke Feicai Technology reported significant revenue growth, with Zhongwei's sales reaching approximately 3.781 billion yuan, a 40.12% increase [7] - The materials segment also saw positive performance, with leading companies like Anji Microelectronics achieving revenue growth of 43.17% [7]

澜起科技股份有限公司受益于AI产业趋势对DDR5内存接口芯片及高性能运力芯片需求的推动，公司上 半年实现营收26.33亿元、净利润11.59亿元，同比增速分别为58%、95%。 AI算力芯片对先进封装及测试市场需求形成了良好的拉动效应。先进封装企业甬矽电子（宁波）股份 有限公司，海外大客户拓展取得重要突破，上半年公司营业收入、净利润分别增长23.37%、150.45%。 此外，"国补"政策与AI技术双轮驱动，有效激活终端消费市场，带动手机、平板等品类结构性复苏，推 动AI眼镜等新形态产品加速商业化落地，消费类芯片延续良好复苏态势。 本报讯 （记者毛艺融）近期，科创板公司半年度"成绩单"出炉，集成电路等新兴产业领域公司的业绩 表现亮眼，成为国内经济结构优化升级、科创动能日益蓬勃的鲜明体现。 目前，科创板集成电路上市公司达120家，占A股该行业公司总数的六成，已形成国内覆盖制造、设 计、封测等全环节、最完备的集成电路产业链。数据显示，120家集成电路公司上半年合计实现营收 1600.43亿元，同比增长24%；实现归母净利润131亿元，同比增长62%；第二季度营收、净利润环比增 速达到17%和72%。 随着AI算力 ...

资料显示，甬矽电子(宁波)股份有限公司位于浙江省余姚市中意宁波生态园兴舜路22号，成立日期2017 年11月13日，上市日期2022年11月16日，公司主营业务涉及集成电路的封装和测试业务。主营业务收入 构成为：系统级封装产品44.05%，扁平无引脚封装产品34.95%，高密度细间距凸点倒装产品15.79%， 晶圆级封测产品2.94%，其他(补充)2.04%，其他产品0.23%。 9月4日，甬矽电子跌5.11%，截至发稿，报33.44元/股，成交2.75亿元，换手率2.87%，总市值136.98亿 元。 从甬矽电子十大流通股东角度 数据显示，南方基金旗下1只基金位居甬矽电子十大流通股东。南方中证1000ETF（512100）二季度新 进十大流通股东，持有股数225.07万股，占流通股的比例为0.8%。根据测算，今日浮亏损失约405.12万 元。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间6年303天，现任基金资产总规模949.76亿元，任职期间最佳基金回报 136.9%， 任职期间最差基金回报-16.81%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布， ...

证券日报网讯9月2日晚间，甬矽电子发布公告称，2025年8月份，公司未通过上海证券交易所交易系统 以集中竞价交易方式回购股份。 ...

Company Summary - Yongxi Electronics (SH 688362) announced on September 2 that as of August 31, 2025, it has repurchased approximately 2.56 million shares through the Shanghai Stock Exchange, accounting for 0.63% of the total share capital of approximately 410 million shares. The highest repurchase price was 31.8 CNY per share, and the lowest was 23.79 CNY per share, with a total expenditure of approximately 68.52 million CNY [1][1][1] - For the fiscal year 2024, Yongxi Electronics reported that its revenue composition is as follows: integrated circuit packaging and testing accounted for 97.96%, while other businesses contributed 2.04% [1][1][1] - As of the report date, Yongxi Electronics has a market capitalization of 14.5 billion CNY [1][1][1]

| 证券代码：688362 | 证券简称：甬矽电子 | 公告编号：2025-071 | | --- | --- | --- | | 债券代码：118057 | 债券简称：甬矽转债 | | 一、回购股份的基本情况 2024 年 10 月 28 日，甬矽电子（宁波）股份有限公司（以下简称"公司"）召 开第三届董事会第十次会议，审议通过了《关于以集中竞价交易方式回购公司股 份方案的议案》，同意使用招商银行股份有限公司宁波分行提供的专项贷款及公 司自有资金通过上海证券交易所交易系统以集中竞价交易方式回购公司已发行的 部分人民币普通股（A 股）股票。本次回购价格不超过人民币 32.44 元/股（含）， 回购股份的总金额不低于人民币 7,000 万元（含），不超过人民币 9,000 万元（含）。 本次回购的股份将在未来适宜时机拟用于员工持股计划及/或股权激励计划，或用 于转换上市公司发行的可转换为股票的公司债券。回购期限为自董事会审议通过 本次回购股份方案之日起 12 个月内。具体内容详见公司于 2024 年 10 月 29 日、 2024 年 11 月 9 日披露在上海证券交易所网站(www.sse.com.cn)的《 ...

3 2025 年 09 月 01 日 国产未来 10 年 AI 战略蓝图已现，国产 AI 算力 基建实现重大突破 推荐(维持) 投资要点 相关研究 1、《电子行业周报：DeepSeek 正式 发布新模型 V3.1，英伟达暂停 H20 芯片生产》2025-08-25 2、《电子行业周报：高端 AI 芯片 国产化势在必行，覆铜板厂商涨价 反映 PCB 产业链景气度高企》2025- 08-18 3、《电子行业周报：中芯国际发布 二季度财报，OpenAI 发布 GPT5》 分析师：吕卓阳 S1050523060001 lvzy@cfsc.com.cn 行业相对表现 表现 1M 3M 12M 电子(申万) 24.0 44.8 88.3 沪深 300 8.3 17.1 35.4 市场表现 0 20 40 60 80 100 120 (%) 电子 沪深300 资料来源：Wind，华鑫证券研究 2025-08-11 ▌上周回顾 8 月 25 日- 8 月 29 日当周，申万一级行业涨跌呈分化的态 势。其中电子行业上涨 6.28%，位列第 3 位。估值前三的行 业为计算机、国防军工、电子，电子行业市盈率为 70.91。 电子行 ...

Group 1 - The core viewpoint of the news is the performance and financial status of Yongxi Electronics, which experienced a 5.02% drop in stock price, closing at 36.72 yuan per share with a total market capitalization of 15.041 billion yuan [1] - Yongxi Electronics, established on November 13, 2017, specializes in integrated circuit packaging and testing, with its main revenue sources being system-level packaging products (44.05%), flat no-lead packaging products (34.95%), high-density fine-pitch bump flip-chip products (15.79%), wafer-level testing products (2.94%), and other products [1] - The trading volume for Yongxi Electronics was 495 million yuan, with a turnover rate of 4.76% [1] Group 2 - From the perspective of fund holdings, Changcheng Fund has a significant position in Yongxi Electronics, with its Changcheng Jiuheng Mixed A Fund reducing its holdings by 6,309 shares in the second quarter, now holding 78,800 shares, which represents 3.51% of the fund's net value [2] - The Changcheng Jiuheng Mixed A Fund has achieved a year-to-date return of 54.83% and a one-year return of 116.89%, ranking 460 out of 8,189 and 214 out of 7,969 respectively [2]

Company Overview - Yongxi Electronics Co., Ltd. was established in November 2017 and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in November 2022, with stock code 688362 [2] - The company specializes in integrated circuit packaging and testing solutions, focusing on mid-to-high-end packaging and advanced packaging technologies [2] - The first phase of the factory covers an area of approximately 126 acres with a total investment of about 4.5 billion yuan, producing various mid-to-high-end advanced packaging products [2] - The second phase will cover 500 acres with a total investment of 11.1 billion yuan, focusing on advanced wafer-level packaging technologies [2] Financial Performance - For the first half of 2025, Yongxi Electronics achieved operating revenue of 2.0103 billion yuan, a year-on-year increase of 23.37% [2] - The net profit attributable to shareholders was 30.3191 million yuan, representing a year-on-year increase of 150.45% [2] - The non-recurring net profit was -43.2 million yuan, showing a year-on-year decline of 177.14% [2] Shareholder Structure - As of June 2025, the concentration of shares is relatively high, with the top ten shareholders holding a combined 52.69% of shares [2] - The top ten circulating shareholders account for 35.19% of shares [2] - The number of shareholders is approximately 16,750, with an average circulating shareholding of 16,700 shares and an average holding amount of 497,300 yuan [2] Convertible Bond Details - On August 29, the Yongxi convertible bond fell by 2.0% to 172.068 yuan per bond, with a trading volume of 123 million yuan and a conversion premium of 33.01% [1] - The bond has a credit rating of "A+" and a maturity of 6 years, with a coupon rate starting at 0.20% in the first year and increasing to 2.50% in the sixth year [1] - The conversion price is set at 28.39 yuan, with the conversion period starting on January 2, 2026 [1]