Summary of Key Points Core Viewpoint - The announcement details the shareholding and reduction plans of key executives at Zhongwei Semiconductor (Shenzhen) Co., Ltd, highlighting the implementation results of their share reduction plans and the current status of their holdings. Group 1: Shareholding Information - Director Luo Yong holds 15,534,039 shares, accounting for 3.88% of the total share capital of Zhongwei Semiconductor [1] - Shareholder and supervisor Jiang Zhiyong holds 16,200,000 shares, representing 4.05% of the total share capital [1] Group 2: Reduction Plan Implementation - Luo Yong planned to reduce his holdings by up to 3,883,509 shares (not exceeding 0.97% of total shares) from February 28, 2025, to May 27, 2025 [1] - Jiang Zhiyong planned to reduce his holdings by up to 4,050,000 shares (not exceeding 1.01% of total shares) during the same period [1] Group 3: Actual Reduction Results - As of the announcement date, Luo Yong reduced his holdings by 131,636 shares, which is 0.0329% of the total shares [2] - Jiang Zhiyong reduced his holdings by 500,000 shares during the same period [2] - The total amount from Luo Yong's reduction was approximately 4,646,237.92 yuan, while Jiang Zhiyong's reduction totaled 13,500,000 yuan [3]

证券代码：688380 证券简称：中微半导 公告编号：2025-014 本次减持计划实施前，董事罗勇持有中微半导体（深圳）股份有限公司（以 下简称"中微半导"或"公司"）股份 15,534,039 股，占公司总股本的 3.88%； 股东、监事蒋智勇持有公司股份 16,200,000 股，占公司总股本的 4.05%。上述 股份均来源于公司首次公开发行前持有的股份，已于 2023 年 8 月 7 日解除限售 并上市流通。 中微半导体（深圳）股份有限公司 部分董监高减持计划时间届满暨减持结果公告 本公司董事会、全体董事及相关股东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： 董监高持有的基本情况 减持计划的实施结果情况 2025 年 2 月 6 日，公司在上海证券交易所网站（www.sse.com.cn）披露 了《部分董监高减持股份计划公告》（公告编号：2025-002）。董事罗勇、监事蒋 智勇计划于 2025 年 2 月 28 日至 2025 年 5 月 27 日期间通过集中竞价、大 宗交易方式减持其持有的公司股份。其中，罗勇计划 ...

Investment Rating - The report upgrades the investment rating to "Buy" [4][10] Core Views - The company is expected to achieve steady revenue growth in 2024, with a projected revenue of 912 million yuan, representing a year-on-year increase of 27.76% [2][10] - The company has successfully turned around its net profit to 137 million yuan in 2024, compared to a loss of 22 million yuan in 2023 [2][10] - The company is focusing on expanding its product offerings in automotive and industrial control sectors, which are anticipated to drive future revenue growth [9][10] Financial Performance Summary - Revenue is projected to grow from 714 million yuan in 2023 to 1,922 million yuan by 2027, with a compound annual growth rate (CAGR) of approximately 25.2% [1][11] - The net profit is expected to increase significantly from -22 million yuan in 2023 to 271 million yuan in 2027, indicating a strong recovery and growth trajectory [1][11] - The gross margin for 2024 is forecasted at 29.86%, up by 12.41 percentage points year-on-year, reflecting improved profitability [2][11] Product and Market Development - The company has a robust product portfolio with over 900 products available, including MCU, power devices, and various integrated circuits [3][8] - In 2024, the company is expected to ship over 2.4 billion units, a year-on-year increase of approximately 30%, with significant growth in both 8-bit and 32-bit MCU segments [8][9] - The automotive electronics market is driving demand for MCU products, with the company planning to increase its output of automotive-grade chips significantly [9][10]

Group 1 - Nvidia's CEO Jensen Huang announced that the company will not release any more Hopper series chips due to U.S. government restrictions on the export of the Hopper H20 chip to China, indicating a reassessment of the strategy in the Chinese market [1] - OpenAI launched Codex, a cloud-based AI programming agent capable of handling multiple development tasks simultaneously, which assists developers in coding, understanding code structure, and fixing bugs [1] - Ant Group's CTO He Zhengyu stated that the lack of data is the source of "hallucinations" in large models, emphasizing that the boundaries of data determine the capabilities of these models, and that the cost of data acquisition is increasing as cheap internet data is running out [4] Group 2 - The DeepSeek V3/R1 model architecture was analyzed in a recent paper, highlighting innovations such as multi-head latent attention for memory efficiency, expert mixture architecture for optimizing computation and communication, and FP8 mixed precision training to maximize hardware potential [2] - The establishment of China's first clinical and translational ward for brain-computer interface technology at Beijing Tiantan Hospital aims to provide innovative treatments for patients with neurological diseases [6] - China has built the world's largest and most advanced information and communication network, with 5G applications integrated into 86 of 97 national economic categories, promoting deep integration of the real economy and digital economy [8]

Core Viewpoint - Company reported significant growth in gross margin and aims to exceed historical revenue levels in 2025 [2][10] Financial Performance - In Q1 2025, the company achieved a revenue of 206 million yuan, a year-on-year increase of 0.52% [11] - The net profit attributable to shareholders was 34.42 million yuan, up 19.4% year-on-year [11] - The net profit after deducting non-recurring items was 32.58 million yuan, reflecting a 31.75% increase year-on-year [11] - The gross margin stood at 34.46% [11] - The company has a debt ratio of 7.93% and reported investment income of 9.51 million yuan [11] Product Development - The company has improved its gross margin due to lower wafer prices and the introduction of cost-effective new products [2] - The second-generation automotive-grade MCU has enhancements in frequency, interfaces, and resources compared to the first generation, making it more competitive [3] - The company is expanding its automotive-grade control chips into general and specialized products, focusing on high-performance SoC designs for applications like motor control and battery management [4] Market Presence - The automotive-grade chips have been adopted by several well-known car manufacturers, including Changan, Seres, Hongqi, and Geely [6] - The company is experiencing a continuous increase in orders for automotive MCUs [5] Industrial Growth - Growth in the industrial control sector is primarily driven by the demand for brushless motor drive control products [7] Supply Chain and Pricing - The company has not received any price adjustment notifications from foundries and maintains stable relationships with suppliers, ensuring reasonable pricing and capacity [9]

中微半导：宇树是公司终端客户 智通财经5月16日电，中微半导(688380.SH)发布投资者关系活动记录表公告称，公司车规级芯片已经导 入不少车企，从近期订单来看，车规MCU在持续放量。目前有长安、赛力斯、红旗、吉利等知名车企 在使用公司芯片。而在回答"公司在机器人领域有给宇树供货吗？"的问题时，中微半导表示，宇树是公 司终端客户。 ...

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 2024 年年度股东大会会议资料 2025 年 5 月 28 日 目 录 | 2024年年度股东大会会议须知 | 1 | | --- | --- | | 2024年年度股东大会会议议程 | 3 | | 议案一：关于2024年度董事会工作报告的议案 | 5 | | 议案二：关于2024年度监事会工作报告的议案 | 6 | | 议案三：关于2024年度独立董事述职报告的议案 | 7 | | 议案四：关于2024年度财务决算报告的议案 | 8 | | 议案五：关于2024年年度报告及摘要的议案 | 11 | | 议案六：关于2024年度利润分配预案的议案 | 12 | | 议案七：关于2025年度董事薪酬方案的议案 | 13 | | 议案八：关于2025年度监事薪酬方案的议案 | 14 | 中微半导体（深圳）股份有限公司 问题。对于可能泄露公司商业秘密及/或内幕信息，损害公司、股东共同利益的提 问，主持人或其指定的有关人员有权拒绝回答。 2024 年年度股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大 ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 法国公司Mistral AI推出新模型Medium 3。法国AI初创公司Mistral AI宣布推出新模型Mistral Medium 3。据介绍，在各项基准测试中，该模型性能达到或超过Claude Sonnet 3.7的90%，而成本更低（每百万 token输入0.4美元/输出2美元）。定价方面，无论是API还是自部署系统，该模型都优于DeepSeek V3等 模型。 淘宝天猫与小红书达成战略合作。5月7日，淘宝天猫与小红书宣布签订战略合作，打造"红猫计划"。双 方共同新增小红书笔记下方"广告挂链"功能。加入试点的优质品牌在小红书投放种草笔记，可直接跳转 至淘宝APP。同时，小红书和淘宝天猫首次开放UD合作，新增效果广告模式，也可以帮助品牌商家实 现内容投放直接引流至淘宝天猫店铺/商品。淘宝天猫将在效果广告链路提供数字化能力的支持，助力 营销转化。 理想汽车CEO谈特斯拉FSD：基本功非常扎实。理想汽车官微发布对其CEO兼董事长李想的访谈实 录。李想在访谈中 ...

中微半导：无刷电机驱动控制芯片业务增长明显 已批量应用于机器人领域 金十数据5月7日讯，中微半导近期接受机构调研时表示，公司无刷电机驱动控制芯片业务增长比较明 显，无论从目前的订单数量还是客户结构来看，这种增长有望持续。公司无刷电机驱动控制芯片应用非 常广泛，已有批量应用于机器人领域，包括人形机器人的关节驱动控制方面。 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 206,498,167.84, representing a slight increase of 0.52% compared to CNY 205,428,958.59 in the same period last year[4]. - Net profit attributable to shareholders increased by 19.40% to CNY 34,420,237.01 from CNY 28,827,267.91 year-on-year[4]. - The net profit after deducting non-recurring gains and losses rose by 31.75% to CNY 32,580,109.54, up from CNY 24,728,451.82 in the previous year[4]. - Operating profit for Q1 2025 was CNY 35,345,477.14, up from CNY 28,299,452.71 in Q1 2024, indicating a growth of about 25.5%[19]. - Net profit for Q1 2025 reached CNY 34,420,237.01, compared to CNY 28,827,267.91 in Q1 2024, reflecting an increase of approximately 19.5%[20]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.09, up from CNY 0.07 in Q1 2024[20]. Cash Flow - The net cash flow from operating activities decreased by 19.75% to CNY 56,154,574.22 compared to CNY 69,972,496.43 in the same quarter last year[4]. - Operating cash inflow totaled $222,612,810.79, a slight decrease from $234,198,964.99 in the previous period[24]. - Operating cash outflow amounted to $166,458,236.57, compared to $164,226,468.56 previously, resulting in a net cash flow from operating activities of $56,154,574.22, down from $69,972,496.43[24]. - Cash inflow from investment activities was $510,836,297.40, significantly higher than $176,828,116.69 in the prior period[24]. - Cash outflow from investment activities reached $578,226,573.79, compared to $169,391,356.50 previously, leading to a net cash flow from investment activities of -$67,390,276.39, down from $7,436,760.19[24]. - Cash flow from financing activities resulted in a net outflow of -$1,766,566.03, compared to -$3,170,232.12 in the previous period[25]. - The net increase in cash and cash equivalents was -$12,963,354.39, compared to an increase of $74,176,375.66 in the prior period[25]. - The ending balance of cash and cash equivalents stood at $202,918,681.28, down from $991,431,778.17 at the end of the previous period[25]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3,288,691,917.91, a decrease of 0.62% from CNY 3,309,304,222.53 at the end of the previous year[5]. - Total liabilities decreased to CNY 260,721,338.06 from CNY 315,934,369.88, indicating a reduction of approximately 17.5%[16]. - Shareholders' equity increased to CNY 3,027,970,579.85 from CNY 2,993,369,852.65, reflecting a growth of about 1.2%[16]. - Non-current assets totaled CNY 224,020,315.57, a decrease from CNY 230,326,062.09 in the previous period[16]. Research and Development - Research and development expenses totaled CNY 23,127,302.63, a decrease of 6.14% from CNY 24,639,854.37, with R&D expenses accounting for 11.20% of operating revenue, down from 11.99%[5]. - The company reported a decrease in research and development expenses to CNY 23,127,302.63 from CNY 24,639,854.37, a decline of approximately 6.1%[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,757[8]. - The top shareholder, Yang Yong, holds 126,000,000 shares, representing 31.47% of the total shares[10]. - The second-largest shareholder, Zhou Yan, holds 91,800,000 shares, accounting for 22.93% of the total shares[10]. - The company has a total of 1,506,639 shares held in its repurchase account as of the end of the reporting period[11]. - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[12]. - The company has not disclosed any significant changes in the operational situation during the reporting period[12]. Government Support - The company received government subsidies amounting to CNY 993,852.38, which are related to the integrated circuit industry development support plan[6]. Inventory and Receivables - As of March 31, 2025, the company's total current assets amounted to approximately ¥3.06 billion, a slight decrease from ¥3.08 billion as of December 31, 2024[14]. - The company's cash and cash equivalents decreased to approximately ¥202.92 million from ¥215.88 million, reflecting a decline of about 5.5%[14]. - The company's accounts receivable decreased to approximately ¥124.40 million from ¥154.73 million, representing a decline of about 19.6%[14]. - Inventory decreased to approximately ¥357.80 million from ¥376.08 million, a reduction of about 4.9%[14]. - The company's total non-current assets include fixed assets valued at approximately ¥124.93 million, down from ¥127.81 million[14]. Profitability - The gross profit margin for the company's products improved to 34.46%, an increase of 7 percentage points compared to the previous year[7]. - Cash received from sales of goods and services in Q1 2025 was CNY 214,269,842.25, compared to CNY 207,255,058.79 in Q1 2024, showing an increase of about 3.9%[23]. Employee Compensation - Employee compensation payments increased to $64,654,333.22 from $48,377,033.63, indicating a rise in labor costs[24].