Core Viewpoint - The company reported a significant increase in revenue and net profit for the third quarter of 2025, driven by a recovery in the global consumer market and growth in AI applications [3][9]. Financial Performance - The company achieved operating revenue of 1,159.67 million yuan in Q3 2025, representing a year-on-year increase of 25.76% [3]. - The net profit attributable to shareholders increased by 8.29% year-on-year, with a year-to-date growth of 48.87% [3]. Asset Impairment Provision - The company recognized a total of 20.28 million yuan in credit impairment losses and asset impairment losses for the first three quarters of 2025 [10][14]. - Specifically, credit impairment losses amounted to 3.74 million yuan, while asset impairment losses totaled 16.54 million yuan [11][13]. Strategic Focus - The company plans to continue its strategy of deepening cooperation with existing major clients while actively pursuing partnerships with leading design firms in Taiwan to enhance competitiveness and market share [3]. - The company aims to improve its process capabilities and customer service through the development of new product lines, including Bumping, CP, wafer-level packaging, FC-BGA, and 2.5D technologies [3].

| 证券代码：688362 | 证券简称：甬矽电子 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：118057 | 债券简称：甬矽转债 | | 甬矽电子（宁波）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。 一、本次计提资产减值准备情况 甬矽电子（宁波）股份有限公司（以下简称"公司"）基于实际经营情况及行 业市场变化等因素的影响，根据《企业会计准则第8号——资产减值》（以下简称 "《企业会计准则》"）及公司会计政策、会计估计的相关规定，为了客观、准确 地反映公司截至2025年9月30日的财务状况和经营成果，基于谨慎性原则，公司对截 至2025年9月30日合并报表范围内可能发生信用减值损失及资产减值损失的有关资产 计提资产减值准备。 2025 年前三季度，公司计提信用减值损失和资产减值损失共计 2,027.66 万元， 具体如下： 单位：万元 币种：人民币 | 项目 | 本期发生额 | 备注 | | --- | --- | ...

Core Viewpoint - Yongxi Electronics (688362.SH) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong business performance and growth potential [1] Financial Performance - The total operating revenue for the first three quarters reached 3.17 billion yuan, representing a year-on-year growth of 24.23% [1] - The net profit attributable to shareholders was 63.12 million yuan, showing a year-on-year increase of 48.87% [1] - The basic earnings per share stood at 0.16 yuan [1]

Core Viewpoint - Yongxi Electronics reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance and growth potential in the semiconductor industry [1]. Financial Performance - Revenue for the first three quarters of 2025 reached approximately 3.17 billion yuan, representing a year-on-year increase of 24.23% [1]. - The net profit attributable to shareholders was about 63.12 million yuan, showing a year-on-year increase of 48.87% [1]. - Basic earnings per share were reported at 0.16 yuan, which is a 60% increase compared to the previous year [1]. - As of the report date, Yongxi Electronics had a market capitalization of 14.7 billion yuan [1].

| 证券代码：688362 | 证券简称：甬矽电子 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：118057 | 债券简称：甬矽转债 | | 甬矽电子（宁波）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。 一、本次计提资产减值准备情况 甬矽电子（宁波）股份有限公司（以下简称"公司"）基于实际经营情况及行 业市场变化等因素的影响，根据《企业会计准则第8号——资产减值》（以下简称 "《企业会计准则》"）及公司会计政策、会计估计的相关规定，为了客观、准确 地反映公司截至2025年9月30日的财务状况和经营成果，基于谨慎性原则，公司对截 至2025年9月30日合并报表范围内可能发生信用减值损失及资产减值损失的有关资产 计提资产减值准备。 2025 年前三季度，公司计提信用减值损失和资产减值损失共计 2,027.66 万元， 具体如下： 单位：万元 币种：人民币 （二）资产减值损失 资产负债表日，存货采用成本与可变现净值孰低计量 ...

Financial Performance - In Q3 2025, the company achieved operating revenue of CNY 1,159,667,562.44, representing a year-on-year increase of 25.76%[3] - The total profit for the period was CNY 17,224,271.77, a decrease of 39.87% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 32,805,644.15, an increase of 8.29% year-on-year, while year-to-date net profit increased by 48.87% to CNY 63,124,730.33[3] - The basic and diluted earnings per share for the period were both CNY 0.08, reflecting a year-on-year increase of 14.29%[3] - Total operating revenue for the first three quarters of 2025 reached ¥3,169,954,972.74, an increase of 24.3% compared to ¥2,551,612,645.70 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥27,500,245.11, slightly down from ¥27,723,807.69 in the previous year[22] - The net profit attributable to the parent company for the first three quarters of 2025 is CNY 63,124,730.33, compared to CNY 42,401,236.32 in the same period of 2024, representing a year-over-year increase of approximately 48.9%[23] - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.16, up from CNY 0.10 in the same period of 2024, indicating a 60% increase[23] Research and Development - The company invested CNY 77,061,267.64 in R&D during the quarter, accounting for 6.65% of operating revenue, which is an increase of 0.07 percentage points[4] - Research and development expenses for the first three quarters of 2025 were ¥219,242,744.73, an increase from ¥154,701,217.21 in the same period of 2024, highlighting a focus on innovation[22] Assets and Liabilities - Total assets at the end of the period reached CNY 15,351,139,606.05, reflecting a year-on-year increase of 12.42%[4] - Cash and cash equivalents as of September 30, 2025, amounted to ¥2,689,502,231.87, an increase from ¥1,827,290,229.20 at the end of 2024[16] - Total assets as of September 30, 2025, were ¥15,351,139,606.05, up from ¥13,655,476,763.66 at the end of 2024, indicating growth in the company's asset base[18] - Total liabilities as of September 30, 2025, were ¥11,265,478,954.61, compared to ¥9,618,404,180.87 at the end of 2024, showing an increase in financial obligations[18] - The company's total equity as of September 30, 2025, was ¥4,085,660,651.44, slightly up from ¥4,037,072,582.79 at the end of 2024[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 21,044[11] - Zhejiang Yongshun Chip Electronics Co., Ltd. holds 74,210,000 shares, accounting for 18.08% of total shares[11] - Zhejiang Landi Group Co., Ltd. holds 31,000,000 shares, representing 7.55% of total shares[12] - The top ten shareholders collectively hold significant stakes, with the largest shareholder holding 18.08%[11] - The company has a repurchase account holding 5,103,601 shares, which is 1.24% of the total share capital[13] - The report indicates no changes in the lending/borrowing of shares among the top ten shareholders compared to the previous period[14] - There are no applicable reminders regarding the company's operational situation during the reporting period[14] - The company has not disclosed any significant changes in the shareholding structure of the top ten shareholders due to margin trading[14] Cash Flow - Cash inflows from operating activities for the first three quarters of 2025 amount to CNY 3,596,617,846.77, compared to CNY 3,259,225,348.60 in the same period of 2024, reflecting an increase of approximately 10.4%[26] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 1,146,913,650.96, slightly down from CNY 1,216,353,486.73 in the same period of 2024[26] - Cash outflows from investing activities for the first three quarters of 2025 total CNY 1,857,374,178.43, compared to CNY 2,070,338,203.46 in the same period of 2024, indicating a decrease of approximately 10.3%[27] - The net cash flow from financing activities for the first three quarters of 2025 is CNY 1,429,734,776.81, compared to CNY 872,084,971.07 in the same period of 2024, representing an increase of approximately 63.9%[27] - The cash and cash equivalents at the end of the first three quarters of 2025 amount to CNY 1,958,415,338.70, up from CNY 1,345,261,815.42 at the end of the same period in 2024[27] Operational Strategy - The company plans to enhance cooperation with major clients, including leading design firms in Taiwan, to boost competitiveness and market share[5] - New product lines such as Bumping, CP, and FC-BGA will be developed to improve process capabilities and customer service[5] - The company aims to maintain revenue growth through continuous optimization of market and product strategies[5] Audit and Compliance - The report does not include any audit opinion type applicable for the quarter[15] - The company has not identified any other important information regarding its operational situation during the reporting period[14] - The company has not applied new accounting standards or interpretations for the first time in 2025[28]

Core Insights - The company reported third-quarter revenue of 1.16 billion yuan, representing a year-on-year increase of 25.76% [1] - The net profit for the third quarter was 32.81 million yuan, showing a year-on-year growth of 8.29% [1] - For the first three quarters, the company achieved a revenue of 3.17 billion yuan, which is a 24.23% increase compared to the same period last year [1] - The net profit for the first three quarters reached 63.12 million yuan, reflecting a significant year-on-year growth of 48.87% [1]

Market Overview - The market indices experienced significant gains, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rising by 0.71%, 2.02%, and 3.57% respectively, and over 3,000 stocks rising while more than 2,200 stocks fell [4] - The trading volume approached 2 trillion yuan, indicating increased market activity [4] - The Shanghai Composite Index reached a new high for the year, while the ChiNext Index also returned to near its yearly high [5] Storage Sector - The storage sector opened strongly, with several stocks hitting the daily limit, including Xianggang Technology, Dwei Co., and Purun Co., among others [8] - The flash memory and DRAM sectors saw increases of 8.25% and 7.92% respectively, driven by price hikes from major companies like Samsung and SK Hynix, which raised prices by up to 30% [8] - The surge in the storage sector was also influenced by a significant rise in U.S. storage stocks, particularly SanDisk, which increased by over 13.6% [8] Financial Sector - The financial sector initially lagged behind the market, with no mentions in the recent five-year plan, leading to a perception of underperformance [12] - However, after a statement from a senior financial official emphasizing the importance of high-quality financial development, the sector saw a rebound, with brokerage stocks gaining 0.85% by the end of the day [12] Technology and Robotics - Jinfutech experienced a sharp rise after announcing a collaboration with Shanghai Hanzhi Information Technology and receiving a manufacturing order for humanoid robots [16] - This marked a significant advancement in the company's involvement in the robotics sector, moving beyond mere partnerships to actual manufacturing contracts [16]

证券代码：688362 证券简称：甬矽电子 转债代码：118057 转债简称：甬矽转债 甬矽电子（宁波）股份有限公司 2025年第四次临时股东会 会议资料 2025年10月 甬矽电子（宁波）股份有限公司 2025年第四次临时股东会会议资料 | 2025年第四次临时股东会须知 2 | | --- | | 2025年第四次临时股东会会议议程 4 | | 2025年第四次临时股东会会议议案 5 | 甬矽电子（宁波）股份有限公司 2025年第四次临时股东会会议资料 甬矽电子（宁波）股份有限公司 2025年第四次临时股东会须知 为甬矽电子（宁波）股份有限公司（以下简称"公司"）维护投资者的合法权益，确 保股东依法行使权利，保证股东会的正常秩序和议事效率，根据《中华人民共和国公司法》 （以下简称"《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"）等有 关规定及《甬矽电子（宁波）股份有限公司章程》（以下简称"《公司章程》"）《甬矽电 子（宁波）股份有限公司股东会议事规则》及中国证券监督管理委员会、上海证券交易所 的有关规定，特制定本须知： 一、为保证股东会的严肃性和正常秩序，切实维护与会股东（或股东代表）的合 ...

Group 1 - The core point of the news is that Yongxi Electronics experienced a stock price increase of 5.09%, reaching 31.78 yuan per share, with a trading volume of 324 million yuan and a turnover rate of 3.73%, resulting in a total market capitalization of 13.045 billion yuan [1] - Yongxi Electronics, established on November 13, 2017, and listed on November 16, 2022, specializes in integrated circuit packaging and testing, with its main business revenue composition being: 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 others 1.61% [1] Group 2 - From the perspective of major fund holdings, data shows that Changcheng Fund has one fund heavily invested in Yongxi Electronics, specifically Changcheng Jiuheng Mixed A (200001), which reduced its holdings by 6,309 shares in the second quarter, now holding 78,800 shares, accounting for 3.51% of the fund's net value, ranking as the ninth largest holding [2] - The fund has achieved a year-to-date return of 48.7%, ranking 717 out of 8,162 in its category, and a one-year return of 50.5%, ranking 636 out of 8,024 [2] Group 3 - The manager of Changcheng Jiuheng Mixed A (200001) is Shuwenyu, who has a tenure of 10 years and 167 days, with the fund's total asset size at 77.2735 million yuan, achieving a best return of 52.01% and a worst return of -0.24% during the tenure [3]