FANGDA PARTNERS http://www.fangdalaw.com 上海市方达（北京）律师事务所（以下简称"本所"）是具有中华人民共和国 境内法律执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席甬 矽电子（宁波）股份有限公司（以下简称"公司"）2025 年第四次临时股东会（以 下简称"本次股东会"），并就本次股东会的召集和召开程序、参与表决和召集会 议人员的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东会规则》及其他相关中华人民共和国境内已公开颁布并生效的法律、 法规、规章及规范性文件（以下合称"中国法律法规"）以及《甬矽电子（宁波） 股份有限公司章程》（以下简称"《公司章程》"）的规定出具。 本法律意见书仅就本次股东会的召集和召开程序、出席会议人员、召集人、 表决程序是否符合相关中国法律法规及《公司章程》的规定以及表决结果是否合 法、有效发表意见，并不对任何中国法律法规以外的国家或地区的法律发表任何 意见。本法律意见书的出具基于以下假设：（1）公司所提供的所有文件正本及副 本均为真实、准确、完整 ...

Core Insights - The company, Yongxi Electronics, has shown robust performance with significant revenue growth and steady profit increase, driven by the recovery of the global integrated circuit industry and the expansion of AI application scenarios [1][4]. Financial Performance - In Q3 2025, the company achieved a revenue of 1.16 billion yuan, representing a year-on-year increase of 25.76%; the cumulative revenue for the year reached 3.17 billion yuan, up 24.23% [1]. - The net profit attributable to shareholders in Q3 was 33 million yuan, a year-on-year growth of 8.29%; the cumulative net profit for the year was 63 million yuan, reflecting a significant increase of 48.87% [1]. Research and Development - The company has increased its R&D investment, with Q3 spending reaching 77 million yuan, a year-on-year rise of 26.92%; the total R&D investment for the year was 219 million yuan, up 41.72% [3]. - R&D expenditure accounted for 6.92% of revenue, indicating the company's commitment to technological innovation and product development [3]. Asset and Equity Growth - As of the end of the reporting period, the company's total assets reached 15.351 billion yuan, a growth of 12.42% compared to the previous year; the equity attributable to shareholders was 2.594 billion yuan, an increase of 3.30% [4]. Market Strategy and Future Outlook - The growth in performance is attributed to the recovery of the global consumer market and the integrated circuit industry's improved conditions, along with the company's proactive engagement in AI applications [4]. - The company plans to continue its strategy of focusing on major clients and deepening collaborations with key customers, including leading design firms in Taiwan [4]. - Yongxi Electronics is actively advancing new product lines such as Bumping, CP, wafer-level packaging, FC-BGA, and 2.5D, aiming to enhance process capabilities and customer service [4]. - Through market expansion and product innovation, the company is expected to further strengthen its core competitiveness and maintain revenue growth, creating sustained value for investors [4].

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]