Core Viewpoint - The company emphasizes its commitment to market value management and has undertaken share buybacks to stabilize its market value while expanding its client base in the semiconductor industry [1] Group 1: Market Value Management - The company has completed two rounds of share buybacks as of September 30, 2025, totaling 5,103,601 shares and exceeding 120 million yuan in buyback amount to boost market confidence [1] Group 2: Product and Client Development - The company has developed a comprehensive "Bumping+CP+FC+FT" turnkey testing capability in its second phase, with improving capacity and utilization rates for wafer-level testing products, leading to rapid revenue growth [1] - The main clients include leading chip design companies in mainland China and top clients in Taiwan, with ongoing efforts to expand into European and American markets [1]

| 证券代码：688362 | 证券简称：甬矽电子 公告编号：2025-094 | | --- | --- | | 债券代码：118057 | 债券简称：甬矽转债 | 注：持股比例以四舍五入的方式保留两位小数。 公司董事会将对上述承诺事项的履行情况进行持续监督，并按照相关法律 法规、规范性文件的规定及时履行信息披露义务。 特此公告。 甬矽电子（宁波）股份有限公司董事会 2025年11月25日 基于对公司未来发展前景的信心以及长期投资价值的认可，同时为增强广 大投资者信心，切实维护投资者权益和资本市场稳定，公司控股股东甬顺芯、 实际控制人王顺波自愿承诺：自2025年11月17日（首次公开发行限售股上市流 通日）起24个月内（即2025年11月17日至2027年11月16日），不以任何形式减 持其直接持有的公司股份。在上述承诺期间，如发生资本公积转增股本、派送 股票红利、配股等产生新增股份的情形，亦遵守该不减持承诺。 截至本公告披露日，公司控股股东甬顺芯、实际控制人王顺波直接持股情 况如下： | 股东名称 | 直接持股数量（股） | 持股比例（%） | | --- | --- | --- | | 甬顺芯 | 74 ...

Market Overview - The Shanghai Composite Index closed at 3939.81 points, with a decline of 0.81%, and the total trading volume of A-shares reached 1,945.96 billion yuan [1] Stocks Breaking the Annual Line - A total of 35 A-shares have surpassed the annual line, with notable stocks showing significant deviation rates including: - Guangyun Technology with a deviation rate of 19.13% - Longxun Co., Ltd. at 15.24% - Central Plaza at 7.88% [1] Top Performers - The top three stocks with the highest deviation rates are: 1. Guangyun Technology: Today's price increase of 19.99%, turnover rate of 9.16%, annual line price of 13.81 yuan, latest price at 16.45 yuan [1] 2. Longxun Co., Ltd.: Price increase of 20.00%, turnover rate of 19.74%, annual line price of 69.30 yuan, latest price at 79.86 yuan [1] 3. Central Plaza: Price increase of 10.11%, turnover rate of 9.48%, annual line price of 3.63 yuan, latest price at 3.92 yuan [1] Additional Notable Stocks - Other stocks that have recently crossed the annual line with lower deviation rates include: - Tianlong Group, Jinyu Medical, and Meili Cloud, which have just crossed the annual line [1]

Core Points - The Shanghai Composite Index is at 3937.29 points, with a decrease of 0.87%, and the total trading volume of A-shares is 1,593.98 billion yuan [1] - 30 A-shares have surpassed their annual line today, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Notable stocks that have broken through the annual line include: - Guangyun Technology (光云科技) with a deviation rate of 19.13% and a price increase of 19.99% [1] - Longxun Co., Ltd. (龙迅股份) with a deviation rate of 15.24% and a price increase of 20.00% [1] - Haohan Depth (浩瀚深度) with a deviation rate of 6.26% and a price increase of 8.69% [1] Trading Metrics - The trading volume for A-shares today is reported at 1,593.98 billion yuan [1] - The turnover rates for the top stocks that broke through the annual line vary, with Longxun Co., Ltd. at 17.65% and Guangyun Technology at 8.82% [1] Deviation Rates - Stocks with smaller deviation rates that have just crossed the annual line include: - Tianlong Group (天龙集团) with a deviation rate of 0.00% [2] - Jinyu Medical (金域医学) with a deviation rate of 0.05% [2] - Lihua Micro (力合微) with a deviation rate of 0.07% [2]

Core Insights - Yongxi Electronics experienced a 5.05% increase in stock price, reaching 32.03 CNY per share, with a trading volume of 197 million CNY and a turnover rate of 1.54%, resulting in a total market capitalization of 13.148 billion CNY [1] Company Overview - Yongxi Electronics (Ningbo) Co., Ltd. is located in Yuyao City, Zhejiang Province, established on November 13, 2017, and listed on November 16, 2022 [1] - The company's main business involves integrated circuit packaging and testing, with revenue composition as follows: system-level packaging products 41.16%, flat no-lead packaging products 37.79%, high-density fine-pitch bump flip-chip products 14.67%, wafer-level testing products 4.24%, and other products 1.61% [1] Shareholder Information - Among the top ten circulating shareholders of Yongxi Electronics, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 11,800 shares in the third quarter, now holding 2.2388 million shares, which accounts for 0.8% of circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 27.78%, ranking 1837 out of 4212 in its category, while the one-year return is 24.32%, ranking 1864 out of 3956 [2] - The fund manager, Cui Lei, has been in the position for 7 years and 13 days, managing total assets of 122.76 billion CNY, with the best fund return during the tenure being 181.49% and the worst being -15.93% [2]

Group 1 - The Chinese semiconductor industry is at a historical intersection driven by "domestic substitution" and the "AI technology revolution" [3][6] - The upcoming IC China 2025 event will focus on strengthening technological innovation and ensuring the stability of the industrial supply chain [4] - The semiconductor sector has shown strong performance in the A-share market, with a cumulative increase of 40.63% in the semiconductor index year-to-date [5][6] Group 2 - A total of 29 semiconductor stocks are predicted to have a net profit growth rate exceeding 20% in 2026 and 2027, according to institutional forecasts [7] - Among the stocks with significant growth potential, Haiguang Information has the highest number of institutional ratings, with 31 reports highlighting its advancements in AI computing [7][8] - The stock with the highest upside potential is Yongxi Electronics, with a projected increase of 61.5% compared to institutional target prices [8]

Core Viewpoint - The semiconductor packaging and testing industry is currently experiencing stable and improving prices, with the company focusing on high-end packaging and testing services to enhance profitability [1] Company Performance - For the first three quarters of 2025, the company achieved operating revenue of 316,995.50 thousand yuan, representing a year-on-year growth of 24.23% [1] - The net profit attributable to shareholders increased by 48.87% year-on-year [1] Market Outlook - Growth in the IoT, computing, and automotive sectors is expected to further boost the company's profitability [1] - The company anticipates continued revenue growth, which will positively impact profitability through economies of scale [1] Strategic Initiatives - The company plans to increase R&D investment, enhance market development, and focus on cost reduction and efficiency improvement to strengthen core competitiveness [1] - The company aims to effectively manage operations to improve performance and intrinsic value [1]

Core Viewpoint - The company emphasizes the importance of market value management and has undertaken share buybacks to boost market confidence and stabilize its market value [1] Group 1: Share Buyback Details - As of September 30, 2025, the company has completed two rounds of share buybacks, totaling 5,103,601 shares [1] - The total amount spent on these buybacks exceeds 120 million yuan [1] Group 2: Business Strategy and Goals - The company aims to strengthen its core business and enhance profitability through various measures [1] - There is a commitment to guide the market value of listed companies back to their intrinsic value, supporting healthy corporate development [1] - The company seeks to improve the ability and level of investor returns [1]

| 证券代码：688362 | 证券简称：甬矽电子 | 公告编号：2025-093 | | --- | --- | --- | | 债券代码：118057 | 债券简称：甬矽转债 | | （三）可转债转股期限 本次发行的可转换公司债券转股期自可转换公司债券发行结束之日（2025 年7月2日）起满六个月后的第一个交易日（2026年1月2日，非交易日顺延）起 至可转换公司债券到期日（2031年6月25日）止（如遇法定节假日或休息日延至 其后的第1个交易日；顺延期间付息款项不另计息）。 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： 根据相关法律法规规定及《甬矽电子（宁波）股份有限公司向不特定 对象发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）的约 定，甬矽电子（宁波）股份有限公司（以下简称"公司"）本次发行的"甬矽 转债"自2026年1月2日起可转换为公司股份。 公司现就本次向不特定对象发行可转换公司债券，对不符合上海证券 交易所科创板股票投资者适当性要求的投资者所持"甬矽转债"不能转股的风 险， ...

Core Viewpoint - The company, Yongxi Electronics, primarily serves SoC customers and has not yet ventured into the storage chip market, despite inquiries about its packaging and testing services for various storage chip products [1] Group 1 - The company received inquiries regarding its packaging and testing services for DRAM and Flash storage chips [1] - The company's current focus is on SoC customers, indicating a strategic direction in its service offerings [1] - There is no current involvement in the storage chip packaging and testing business, highlighting a potential area for future expansion [1]