Core Viewpoint - The company is preparing for its H-share issuance and listing on the Hong Kong Stock Exchange, which involves revising its articles of association and internal governance systems to comply with relevant laws and regulations [6][10][12]. Group 1: Meeting Procedures - The company has established guidelines for the second extraordinary general meeting of shareholders in 2025 to ensure the orderly conduct of the meeting and protect shareholders' rights [1][2]. - Attendees must register and confirm their participation before the meeting starts, and latecomers will not be allowed to vote [2][3]. - The meeting will follow a predetermined agenda, and shareholders have the right to speak, inquire, and vote on the proposals presented [2][3][4]. Group 2: Proposals for Shareholder Approval - Proposal 1: The company plans to abolish the supervisory board and transfer its responsibilities to the audit committee of the board of directors, along with revising the articles of association accordingly [6][7]. - Proposal 2: The company aims to revise its internal governance systems to align with the latest legal requirements and improve operational mechanisms [7][8]. - Proposal 3: A draft of the articles of association applicable after the H-share issuance is to be presented for approval [8][9]. - Proposal 4: The company seeks to revise and establish internal governance systems effective after the H-share issuance [10][11]. - Proposal 5: The election of an independent non-executive director is proposed to enhance the board structure in line with the upcoming H-share listing [12]. - Proposal 6: The roles of the directors will be confirmed to comply with the H-share listing requirements [12]. - Proposal 7: The company intends to purchase liability insurance for directors and senior management, as well as for the prospectus, to meet regulatory standards [13][14].

证券代码：688380 证券简称：中微半导 中微半导体（深圳）股份有限公司 2025 年第二次临时股东会会议资料 2025 年 9 月 10 日 | | | | 2025年第二次临时股东会会议须知 1 | | | --- | --- | | 2025年第二次临时股东会会议议程 3 | | | 议案一：关于取消监事会并修订《公司章程》及相关议事规则的议案 5 | | | 议案二：关于修订公司内部治理制度的议案 6 | | | 议案三：关于制定于H股发行上市后生效的《公司章程（草案）》及相关议事规则 | | | 的议案 7 | | | 议案四：关于修订及制定于H股发行上市后生效的公司内部治理制度的议案 8 | | | 议案五：关于选举公司独立非执行董事的议案 | 10 | | 议案六：关于确定公司董事角色的议案 | 11 | | 议案七：关于投保董事、高级管理人员及招股说明书责任保险的议案 | 12 | 中微半导体（深圳）股份有限公司 六、股东及股东代理人要求发言或提问时，不得打断会议报告人的报告或其他 股东及股东代理人的发言，在股东会进行表决时，股东及股东代理人不再进行发言。 股东及股东代理人违反上述规定，会议 ...

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Zhongwei Semiconductor, including stock price movements and trading volumes [1] - On September 1, Zhongwei Semiconductor's stock rose by 6.32%, with a trading volume of 725 million yuan, and a net financing purchase of 403.08 million yuan [1] - As of September 1, the total margin balance for Zhongwei Semiconductor was 378 million yuan, with a financing balance of 377 million yuan, representing 6.38% of the circulating market value [1] Group 2 - As of June 30, the number of shareholders for Zhongwei Semiconductor was 22,600, a decrease of 0.66% from the previous period, while the average circulating shares per person increased by 0.66% to 6,540 shares [2] - For the first half of 2025, Zhongwei Semiconductor reported a revenue of 504 million yuan, a year-on-year increase of 17.56%, and a net profit attributable to shareholders of 86.47 million yuan, reflecting a growth of 100.99% [2] Group 3 - Since its A-share listing, Zhongwei Semiconductor has distributed a total of 380 million yuan in dividends [3] - As of June 30, 2025, among the top ten circulating shareholders, Southern Science and Technology Innovation Board 3-Year Open Mixed Fund was the fourth largest shareholder with 1.2589 million shares, marking a new entry [3] - Hong Kong Central Clearing Limited was the sixth largest shareholder with 1.1954 million shares, an increase of 379,700 shares from the previous period [3]

Core Viewpoint - The semiconductor industry is experiencing a recovery, leading to significant growth in the performance of Zhongwei Semiconductor (688380.SH), with notable increases in revenue and profit in the first half of 2025 [1][2]. Financial Performance - In the first half of 2025, Zhongwei Semiconductor achieved revenue of 504 million yuan, a year-on-year increase of 17.56% - The net profit reached 86.47 million yuan, showing a remarkable growth of 100.99% - The non-deductible net profit was 75.76 million yuan, up by 19.92% [1][2]. Inventory Management - As of June 30, 2025, the company's inventory stood at 314 million yuan, a decrease of 33.36% year-on-year - The inventory turnover days significantly dropped by 96.5 days to 184.6 days, and the inventory turnover rate increased by 0.34 times to 0.98 times [3]. R&D Investment - Zhongwei Semiconductor's R&D expenses for the first half of 2025 amounted to 52.97 million yuan, a decrease of 11.06%, with an R&D expense ratio of 10.51% - The number of R&D personnel was 211, accounting for 49.07% of the total workforce, with an average salary of 185,800 yuan [4]. - The company applied for 9 new invention patents and received approval for 5 during the same period, with a total of 74 applications and 41 authorized patents [4]. Market Strategy - The company has intensified its market expansion efforts, particularly in consumer electronics, automotive electronics, and emerging applications such as AI and robotics - The revenue from consumer electronics chips was 205 million yuan, accounting for 40.58% of total revenue, while revenue from small appliance control chips was 155 million yuan, making up 30.66% [2][4]. - Zhongwei Semiconductor has established deep collaborations with major clients in various sectors, including Haier, Midea, Xiaomi, and Gree in the home appliance sector, and with automakers like Geely and Changan in the automotive sector [5][6].

Core Insights - The stock of Zhongwei Semiconductor experienced a decline of 2.75% on August 29, with a trading volume of 439 million yuan [1] - The company reported a financing buy-in amount of 63.09 million yuan and a net financing buy of 4.64 million yuan on the same day [1][2] - As of June 30, 2025, Zhongwei Semiconductor achieved a revenue of 504 million yuan, reflecting a year-on-year growth of 17.56%, and a net profit of 86.47 million yuan, marking a 100.99% increase [2] Financing and Shareholding - The total financing and securities balance for Zhongwei Semiconductor reached 374 million yuan, with financing balance accounting for 6.71% of the circulating market value [1] - The company has a total of 22,600 shareholders as of June 30, 2025, with an average of 6,540 circulating shares per person, indicating a slight increase in individual holdings [2] - The company has distributed a total of 380 million yuan in dividends since its A-share listing [3] Institutional Holdings - As of June 30, 2025, the fourth largest circulating shareholder is Southern Science and Technology Innovation Board 3-Year Open Mixed Fund, holding 1.2589 million shares as a new shareholder [3] - Hong Kong Central Clearing Limited is the sixth largest circulating shareholder, increasing its holdings by 379,700 shares to 1.1954 million shares [3] - Southern CSI 1000 ETF and Huaxia CSI 1000 ETF are also among the top ten circulating shareholders, with increases in their holdings [3]

Core Insights - The company reported a revenue of 504 million yuan for the first half of 2025, representing a year-on-year growth of 17.56% [1] - The total profit reached 90.57 million yuan, with a net profit attributable to shareholders of 86.47 million yuan, and a non-recurring net profit of 75.76 million yuan, showing increases of 124.35%, 100.99%, and 19.92% respectively compared to the previous year [1] Company Overview - The company is a leading provider of intelligent control solutions in China, focusing on the research, design, and sales of digital and analog chips, offering a one-stop solution of "MCU + driver + underlying algorithms" [1] - It has developed design capabilities across various technologies including 8-bit and 32-bit MCUs, high-precision analog, power drivers, power devices, wireless RF, and core algorithms [1] - The company is advancing its production processes from 55nm to 180nm CMOS, 90nm to 350nm BCD, bipolar, SGTMOS, and IGBT technologies, and is gradually moving towards 40nm and 22nm processes [1] Market Position - The company has expanded its product application areas and scenarios, effectively increasing revenue from new fields such as automotive electronics, artificial intelligence, and robotics during the reporting period [1] - With the promotion of new products and market expansion, the company has enhanced its product series, leading to a rapid increase in chip shipments and an expanded market share [2] - The company has solidified its leading position in the domestic 8-bit MCU market and has become an important supplier for the domestic replacement of 32-bit MCUs [2]

格隆汇8月29日丨中微半导(688380.SH)发布中报，2025上半年实现营业总收入5.04亿元，同比增长 17.56%；归属母公司股东净利润8646.96万元，同比增长100.99%；基本每股收益为0.22元。 ...

（文章来源：每日经济新闻） 每经AI快讯，8月29日，中微半导(688380.SH)公告称，2025年上半年，公司实现营业收入5.04亿元，同 比增长17.56%；归属于上市公司股东的净利润8646.96万元，同比增长100.99%。 ...

Growth - Huayin Power reported a net profit of 207 million yuan for the first half of the year, a year-on-year increase of 4146.80% [1] - Guotou Zhonglu achieved a net profit of 25.08 million yuan, up 2149.03% year-on-year [1] - Jianfeng Group's net profit reached 618 million yuan, reflecting a year-on-year growth of 1196.93% [1] - Haixiang New Materials reported a net profit of 64.95 million yuan, with a year-on-year increase of 1099.05% [1] - Shanshan Co. posted a net profit of 207 million yuan, up 1079.59% year-on-year [1] - Huaxia Airlines achieved a net profit of 251 million yuan, a year-on-year increase of 858.95% [1] - Haitan Ruisheng reported a net profit of 3.80 million yuan, reflecting a year-on-year growth of 813.65% [1] - Wentai Technology's net profit was 474 million yuan, up 237.36% year-on-year [1] - ST Yigou reported a net profit of 48.69 million yuan, a year-on-year increase of 230.03% [1] - Youyan New Materials achieved a net profit of 130 million yuan, reflecting a year-on-year growth of 218.47% [1] - Guotai Haitong reported a net profit of 15.737 billion yuan, up 213.74% year-on-year [1] - Batian Co. posted a net profit of 456 million yuan, reflecting a year-on-year increase of 203.71% [1] - Changjiang Securities achieved a net profit of 1.737 billion yuan, up 120.76% year-on-year [1] - China Shipbuilding reported a net profit of 2.946 billion yuan, reflecting a year-on-year growth of 108.59% [1] - Shenwan Hongyuan posted a net profit of 4.284 billion yuan, up 101.32% year-on-year [1] - Zhongwei Semiconductor reported a net profit of 86.47 million yuan, reflecting a year-on-year increase of 100.99% [1] - Lankai Technology achieved a net profit of 1.159 billion yuan, up 95.41% year-on-year [1] - CICC reported a net profit of 4.33 billion yuan, reflecting a year-on-year growth of 94.35% [1] - TCL Technology posted a net profit of 1.883 billion yuan, up 89.26% year-on-year [1] - Guoxin Securities achieved a net profit of 5.367 billion yuan, reflecting a year-on-year increase of 71% [1] - Haowei Group reported a net profit of 2.028 billion yuan, up 48.34% year-on-year [1] - GF Securities posted a net profit of 6.47 billion yuan, reflecting a year-on-year growth of 48.31% [1] - Huatai Securities achieved a net profit of 7.549 billion yuan, up 42.16% year-on-year [1] - Lingyi Manufacturing reported a net profit of 930 million yuan, reflecting a year-on-year increase of 35.94% [1] - Guoxuan High-Tech achieved a net profit of 367 million yuan, up 35.22% year-on-year [1] - Zoomlion reported a net profit of 2.765 billion yuan, reflecting a year-on-year growth of 20.84% [1] - Yunnan Baiyao posted a net profit of 3.633 billion yuan, up 13.93% year-on-year [1] - BYD achieved a net profit of 15.511 billion yuan, reflecting a year-on-year increase of 13.79% [1] Decline and Loss - Agricultural Bank reported a net profit of 139.51 billion yuan, a year-on-year increase of 2.7% [2] - Gujing Gongjiu achieved a net profit of 3.662 billion yuan, up 2.49% year-on-year [2] - Bank of Communications reported a net profit of 46.016 billion yuan, reflecting a year-on-year increase of 1.61% [2] - Postal Savings Bank achieved a net profit of 49.228 billion yuan, up 0.85% year-on-year [2] - China Rare Earth reported a net profit of 16.2 million yuan, turning from loss to profit [2] - New Hope achieved a net profit of 75.5 million yuan, turning from loss to profit [2] - BeiGene reported a net profit of 450 million yuan, turning from loss to profit [2] - Shenghe Resources achieved a net profit of 37.7 million yuan, turning from loss to profit [2] - China Great Wall reported a net profit of 13.8 million yuan, turning from loss to profit [2] - Tianqi Lithium reported a net profit of 8.441 million yuan, turning from loss to profit [2] - Yunda Holdings reported a net profit of 52.9 million yuan, a year-on-year decline of 49.19% [2] - Magmi Te reported a net profit of 17.4 million yuan, down 44.82% year-on-year [2] - Youa Holdings reported a net profit of 5.348 million yuan, down 45.61% year-on-year [2] - Yanzhou Coal reported a net profit of 4.652 billion yuan, down 38.53% year-on-year [2] - Changfei Optical Fiber reported a net profit of 296 million yuan, down 21.71% year-on-year [2] - Pianzaihuang reported a net profit of 1.442 billion yuan, down 16.22% year-on-year [2] - China Shenhua reported a net profit of 246.41 billion yuan, down 12% year-on-year [2] - China Railway reported a net profit of 118.27 billion yuan, down 17.17% year-on-year [2] - Luzhou Laojiao reported a net profit of 766.3 million yuan, down 4.54% year-on-year [2] - Industrial and Commercial Bank reported a net profit of 168.103 billion yuan, down 1.4% year-on-year [2] - China Construction Bank reported a net profit of 162.076 billion yuan, down 1.37% year-on-year [2] - Jingwang Electronics reported a net profit of 64.9 million yuan, down 1.06% year-on-year [2] - Bank of China reported a net profit of 117.591 billion yuan, down 0.85% year-on-year [2] - Beijing-Shanghai High-Speed Railway reported a net profit of 6.316 billion yuan, down 0.64% year-on-year [2] - Baike Biotechnology reported a net loss of 73.5734 million yuan, turning from profit to loss [2] - ST Xintong reported a net loss of 95.1607 million yuan, turning from profit to loss [2] - Gemdale Group reported a net loss of 3.701 billion yuan [2] - China Eastern Airlines reported a net loss of 1.431 billion yuan [2] Additional Losses - Garden Holdings reported a net loss of 74.4346 million yuan [3] - Wantong Development reported a net loss of 28.0411 million yuan [3]

Core Viewpoint - The report highlights the financial performance and operational developments of China Micro Semiconductor (Shenzhen) Co., Ltd. for the first half of 2025, showcasing significant growth in revenue and profit driven by increased market demand and product innovation. Financial Performance - The company's operating income for the first half of 2025 reached approximately 504 million RMB, representing a 17.56% increase compared to the same period last year [3] - Total profit amounted to approximately 91 million RMB, a substantial increase of 124.35% year-on-year [3] - Net profit attributable to shareholders was approximately 86 million RMB, reflecting a 100.99% increase compared to the previous year [3] - The net cash flow from operating activities was approximately 151 million RMB, up by 19.67% from the previous year [3] Key Financial Indicators - Basic earnings per share doubled to 0.22 RMB from 0.11 RMB [3] - The weighted average return on equity increased to 2.85%, up by 1.42 percentage points from the previous year [3] - Research and development expenses accounted for 10.51% of operating income, down from 13.89% [3] Business Overview - The company specializes in the research, design, and sales of digital and analog chips, providing comprehensive solutions including "MCU + driver + underlying algorithms" [17] - The product range includes 8-bit and 32-bit MCUs, various ASIC chips, and SoC chips, widely used in consumer electronics, smart home appliances, industrial control, automotive electronics, and robotics [17][18] - The company is recognized as a leading domestic supplier of 8-bit MCUs and is becoming a significant player in the 32-bit MCU market [17] Market Position and Strategy - The company has strengthened its market position by enhancing product performance and quality, with a growing revenue share from high-end applications [18] - Continuous investment in research and development has led to the introduction of new products targeting emerging markets such as robotics and AI [18] - The company has established partnerships with major brands in various sectors, including home appliances and industrial control, further expanding its market reach [19][20] Industry Context - The semiconductor industry is experiencing a recovery driven by the demand for consumer electronics, industrial automation, and automotive applications, supported by national industrial policies [3][17] - The company operates under a Fabless model, focusing on chip design and outsourcing manufacturing, which allows for flexibility and reduced capital requirements [15]