| 证券代码：688403 | 证券简称：汇成股份 | 公告编号：2025-037 | | --- | --- | --- | | 转债代码：118049 | 转债简称：汇成转债 | | 合肥新汇成微电子股份有限公司 第二届监事会第十次会议决议公告 合肥新汇成微电子股份有限公司（以下简称"公司"）第二届监事会第十 次会议于 2025 年 7 月 14 日以现场结合通讯方式在安徽省合肥市新站高新区合 肥综合保税区内项王路 8 号公司会议室召开。本次会议书面通知已提前 3 天于 2025 年 7 月 11 日通过电子邮件形式送达全体监事。会议应出席监事 3 人，实际 出席监事 3 人。会议由监事会主席郭小鹏先生召集和主持。 本次会议的召集和召开程序符合《公司法》等法律、法规、部门规章以及 《公司章程》《监事会议事规则》的有关规定，会议作出的决议合法、有效。 本公司监事会及全体监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。 二、监事会会议审议情况 一、监事会会议召开情况 （一）审议通过《关于调整 2023 年限制性股票激励计划授予价格的议案》 经 ...

合肥新汇成微电子股份有限公司监事会 2025 年 7 月 14 日 综上所述，监事会同意公司2023年限制性股票激励计划首次 授予第二个归属期及预留授予第一个归属期的归属名单，同意公 司为本次符合条件的64名激励对象办理归属，对应限制性股票的 归属数量为223.40万股。上述事项符合相关法律法规及规范性文 件的规定，不存在损害公司及股东利益的情形。 合肥新汇成微电子股份有限公司 监事会关于 2023 年限制性股票激励计划首次授予第 二个归属期及预留授予第一个归属期归属名单的 核查意见 合肥新汇成微电子股份有限公司（以下简称"公司"）监事 会依据《公司法》《证券法》《上市公司股权激励管理办法》《上 海证券交易所科创板股票上市规则》和《合肥新汇成微电子股份 有限公司章程》（以下简称"《公司章程》"）等有关规定，对 公司2023年限制性股票激励计划首次授予第二个归属期及预留 授予第一个归属期归属名单进行审核，发表核查意见如下： 公司2023年限制性股票激励计划首次授予和预留授予部分 共66名激励对象中，除2名激励对象因个人原因离职导致其获授 的限制性股票全部作废失效外，其余64名激励对象均符合《公司 法》《证券法》 ...

第二届董事会第十一次会议决议公告 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。 | 证券代码：688403 | 证券简称：汇成股份 | 公告编号：2025-036 | | --- | --- | --- | | 转债代码：118049 | 转债简称：汇成转债 | | 合肥新汇成微电子股份有限公司 表决结果：有效表决票 6 票，同意 6 票，反对 0 票，弃权 0 票。关联董事 郑瑞俊先生已回避表决。 该议案在提交董事会审议前已经由公司薪酬与考核委员会审议通过，并同 意提交董事会审议。 1 / 3 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的 《关于调整 2023 年限制性股票激励计划授予价格的公告》（公告编号：2025- 038）。 一、董事会会议召开情况 合肥新汇成微电子股份有限公司（以下简称"公司"）第二届董事会第十 一次会议于 2025 年 7 月 14 日以现场结合通讯方式在安徽省合肥市新站高新区 合肥综合保税区内项王路 8 号公司会议室召开。本次会议书面通知已提前 3 天 于 ...

Summary of Key Points Core Viewpoint - On July 11, 13 stocks from the Sci-Tech Innovation Board experienced block trading, with a total transaction amount of 256 million yuan, indicating active trading in this sector [1]. Group 1: Trading Activity - A total of 13 Sci-Tech Innovation Board stocks had block trades, with 26 transactions and a cumulative trading volume of 13.93 million shares [1]. - The stock with the highest transaction amount was Weiteng Electric, with a trading volume of 2.34 million shares and a transaction amount of 63.52 million yuan [1]. - Other notable stocks in terms of transaction amounts included Huicheng Co. and Yunzhu Technology, with transaction amounts of 57.27 million yuan and 23.83 million yuan, respectively [1]. Group 2: Price Performance - The average price of the stocks involved in block trading showed a discount compared to the closing price, with the highest discount rates for Weimais, Dameng Data, and Fuje Environmental Protection at 25.02%, 21.16%, and 19.12% respectively [1]. - In contrast, Huicheng Co. had a premium rate of 0.93% [1]. - The Sci-Tech 50 Index rose by 1.48%, with 402 stocks (68.25%) increasing in value, while the average increase for stocks involved in block trading was 3.58% [1]. Group 3: Institutional Participation - Among the block trades, 12 transactions involved institutional buyers or sellers, focusing on four stocks, with the highest buying amounts in Fuje Environmental Protection, Aopumai, and Yifang Bio at 14.08 million yuan, 10.49 million yuan, and 10.01 million yuan, respectively [2]. - Net inflows of funds were observed in six stocks, with Yifang Bio, Huazhu High-Tech, and Kaiweite leading in net inflow amounts of 16.69 million yuan, 5.53 million yuan, and 5.47 million yuan, respectively [2]. - Conversely, Yunzhu Technology, Haimeixing, and Fuchuang Precision experienced the highest net outflows of 8.99 million yuan, 7.35 million yuan, and 3.13 million yuan, respectively [2].

Core Insights - The competition between the companies is intense, with DJI being both a challenge and a motivator for Insta360, as highlighted by the founder's remarks on the dual nature of DJI's presence in the market [1] - Insta360 has established a strong market position in the consumer panoramic camera segment, holding a 67.2% market share, significantly ahead of competitors like Ricoh and GoPro [4] - The company is adjusting its distribution strategy to enhance its dealer system and optimize its CRM, indicating a proactive approach to competition [1][6] Company Overview - Insta360's product line includes a variety of imaging devices such as consumer and professional panoramic cameras, action cameras, and AI stabilizers, with consumer products contributing 86.59% of revenue in 2024 [2] - The ONE X series is the best-selling product line, showcasing the company's strength in the consumer market [2] Market Position - Insta360 leads the global panoramic camera market, selling 8 out of every 10 panoramic cameras worldwide, thanks to its advanced imaging technology and AI algorithms [4] - Despite its dominance in panoramic cameras, Insta360 faces strong competition from GoPro and DJI in the broader action camera market [5] Financial Performance - Insta360's revenue from the Ace series action cameras increased from 0.97 billion in 2023 to 2.76 billion in the first half of 2024, indicating strong growth [5] - The company’s revenue from non-panoramic action cameras is approximately 1.5 billion, ranking third in the market [5] Distribution Strategy - Insta360 employs a hybrid sales model combining online and offline channels, with a near 1:1 ratio in 2024, and a significant portion of sales coming from third-party e-commerce platforms [6][8] - The company collaborates with major retailers and uses a buyout sales model for most distributors, focusing on enhancing customer experience and trust [9] Marketing Strategy - Insta360 has developed a robust marketing strategy centered around KOLs and user-generated content, significantly increasing brand visibility and engagement [10][11] - The company has initiated various marketing campaigns and collaborations with influencers to enhance its brand image and reach [10] Competitive Landscape - DJI is seen as a formidable competitor, particularly in the action camera segment, with its upcoming Osmo 360 product directly competing with Insta360's offerings [14][18] - The competition has led to price wars, with DJI adopting a low-price strategy while maintaining high performance, which poses a challenge for Insta360 [19] Technological Development - Insta360's core competencies lie in its software ecosystem and advanced algorithms, which provide a competitive edge in the market [17][23] - The company is investing heavily in R&D, with over 12% of its revenue allocated to this area, and a significant portion of its workforce dedicated to research [23] Future Outlook - The market dynamics between Insta360 and DJI are expected to drive innovation and technological advancements in the imaging sector, benefiting the overall industry [26]

Core Points - Huitong Co., Ltd. (688403) closed at 9.73 yuan on July 4, 2025, down 6.53% from 10.41 yuan the previous week [1] - The company's market capitalization is currently 8.154 billion yuan, ranking 104th in the semiconductor sector and 1999th among all A-shares [1] - On July 3, 2025, a block trade of 58.5 million yuan occurred for Huitong Co., Ltd. [1] Trading Information Summary - The highest price for Huitong Co., Ltd. during the week was 10.68 yuan, while the lowest was 9.66 yuan [1] - As of June 30, 2025, the cumulative amount of convertible bonds converted was 51,000 yuan, with a total of 6,612 shares converted, representing 0.0008% of the total shares issued [1] - The unconverted amount of convertible bonds stands at 1.148649 billion yuan, accounting for 99.9956% of the total issuance [1] Company Announcements Summary - The convertible bond conversion period is from February 13, 2025, to August 6, 2030, with an initial conversion price of 7.70 yuan per share, adjusted to 7.61 yuan due to the 2024 annual equity distribution [1] - The company provided a guarantee of 50 million yuan for its wholly-owned subsidiary, Jiangsu Huitong, to facilitate bank financing and credit business [2] - As of the announcement date, the total assets of Jiangsu Huitong are 1.438274 billion yuan, with total liabilities of 779.3576 million yuan and net assets of 658.9164 million yuan [2]

Summary of Key Points Core Viewpoint - The company has provided a guarantee of RMB 50 million for its wholly-owned subsidiary, Jiangsu Huicheng Optoelectronics Co., Ltd., to facilitate its bank financing needs, which aligns with the company's operational strategy and financial health [1][4]. Group 1: Guarantee Details - The total guarantee amount provided by the company for Jiangsu Huicheng is RMB 50 million, which has been fully utilized as of the announcement date [1]. - The guarantee is aimed at supporting Jiangsu Huicheng in obtaining loans, trade financing, and other credit facilities from the Bank of China [1][4]. - The board of directors has approved this guarantee, and there is no counter-guarantee involved [1][4]. Group 2: Financial Overview - As of March 31, 2025, the company's total assets were RMB 141.82 billion, with total liabilities of RMB 75.13 billion, resulting in net assets of RMB 66.70 billion [3]. - The company's operating revenue for the first quarter of 2025 was RMB 11.56 billion, with a net profit of RMB 661.17 million [3]. - The cumulative external guarantee amount, including this guarantee, stands at RMB 50 million, which represents a small percentage of the company's audited net assets and total assets [5]. Group 3: Subsidiary Information - Jiangsu Huicheng is engaged in the development, production, packaging, testing, and sales of microelectronic products, as well as import and export activities [2]. - The subsidiary's financial and credit status is reported to be sound, indicating manageable risk associated with the guarantee [4].

| 证券代码：688403 | 证券简称：汇成股份 | 公告编号：2025-034 | | --- | --- | --- | | 转债代码：118049 | 转债简称：汇成转债 | | 合肥新汇成微电子股份有限公司 关于为全资子公司提供担保的进展公告 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。 重要内容提示： 被担保人名称：江苏汇成光电有限公司（以下简称"江苏汇成"）。江苏 汇成系合肥新汇成微电子股份有限公司（以下简称"公司"）的全资子公司。 本次担保金额及已实际提供的担保余额：公司本次为江苏汇成提供担保 的金额合计为人民币 5,000.00 万元。截至本公告披露日，公司已实际为江苏汇 成提供的担保余额为 5,000.00 万元。 一、担保情况概述 为满足全资子公司江苏汇成办理银行融资和授信业务需要，2025 年 7 月 4 日，公司与中国银行股份有限公司扬州邗江支行（以下简称"中国银行扬州邗 江支行"）签订了《最高额保证合同》，为江苏汇成向中国银行扬州邗江支行 申请借款、贸易融资、保函、资金业务及其它授信业务提供最 ...

Core Viewpoint - The company, Hefei New Huicheng Microelectronics Co., Ltd., has announced that its convertible bonds may trigger conditional redemption clauses based on stock price performance, specifically if the stock price remains above 130% of the conversion price for a specified number of trading days [1][5]. Summary by Sections Convertible Bond Issuance Overview - The company was approved to issue 11,487,000 convertible bonds at a face value of RMB 100 each, totaling RMB 1,148.70 million, with a maturity of six years from August 7, 2024, to August 6, 2030 [2]. - The bonds were listed for trading on the Shanghai Stock Exchange starting September 2, 2024, under the name "Huicheng Convertible Bonds" and code "118049" [2]. Conversion Price Adjustment - The initial conversion price was set at RMB 7.70 per share but was adjusted to RMB 7.61 per share due to the implementation of the 2024 annual equity distribution [3]. Conditional Redemption Clauses - The redemption clauses state that the company can redeem the bonds at face value plus accrued interest if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days or if the remaining balance of unconverted bonds is less than RMB 30 million [3][5]. - As of the announcement date, the stock price has met the condition for triggering the redemption clause, with 10 out of 17 trading days showing a closing price above RMB 9.89 (130% of the conversion price) [1][5]. Future Actions - If the stock price conditions are met in the subsequent 13 trading days, the company will decide whether to redeem the bonds and will disclose this decision the next trading day [5].

Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion results of the convertible bonds issued by Hefei New Huicheng Microelectronics Co., Ltd., highlighting the limited conversion activity and the remaining unconverted bond amount. Group 1: Convertible Bond Issuance Overview - The company was approved to issue 11,487,000 convertible bonds at a face value of RMB 100 each, raising a total of approximately RMB 1.14 billion [2] - The bonds, named "Huicheng Convertible Bonds," have a conversion period from February 13, 2025, to August 6, 2030 [3] Group 2: Conversion Status - As of June 30, 2025, the total amount converted from the "Huicheng Convertible Bonds" is RMB 51,000, with a total of 6,612 shares converted, representing approximately 0.0008% of the company's total issued shares of 837,976,281 [1] - The amount of unconverted bonds as of the same date is RMB 1,148,649,000, accounting for 99.9956% of the total issuance [1] Group 3: Share Capital Changes - Prior to the conversion, the total number of shares was 837,981,982, which increased to 837,982,893 after the conversion of 911 shares [3]