Core Viewpoint - Hengshuo Co., Ltd. is a leading domestic storage chip and MCU chip enterprise, established in 2015 and listed on the Shanghai Stock Exchange in 2022, with strong chip R&D and design capabilities [1] Group 1: Business Performance - In Q3 2025, Hengshuo's revenue was 306 million yuan, ranking 44th among 48 companies in the industry, significantly lower than the top competitor, OmniVision, which reported 21.783 billion yuan [2] - The net profit for Hengshuo in Q3 2025 was -95.3292 million yuan, placing it 43rd in the industry, while the leading company, OmniVision, achieved a net profit of 3.199 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Hengshuo's debt-to-asset ratio was 9.06%, up from 5.67% year-on-year, which is considerably lower than the industry average of 24.46%, indicating low debt pressure [3] - The gross profit margin for Hengshuo in Q3 2025 was 13.70%, down from 15.47% year-on-year, and below the industry average of 36.52%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - The chairman and general manager, Xiangdong Lu, received a salary of 933,800 yuan in 2024, an increase of 58,100 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Hengshuo increased by 27.52% to 10,100, with an average of 6,434.21 circulating A-shares held per shareholder, up by 6.37% [5]

Core Viewpoint - Hengshuo Co., Ltd. announced a share buyback plan, indicating a strategic move to enhance shareholder value and confidence in the company's future performance [1] Summary by Categories Company Actions - As of October 31, 2025, the company has repurchased a total of 826,890 shares through the Shanghai Stock Exchange trading system, representing 0.9971% of the total share capital of 82,929,413 shares [1]

证券代码：688416 证券简称：恒烁股份 公告编号：2025-057 恒烁半导体（合肥）股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资风险。 特此公告。 恒烁半导体（合肥）股份有限公司董事会 2025 年 11 月 1 日 一、回购股份的基本情况 恒烁半导体（合肥）股份有限公司（以下简称"公司"）于 2024 年 11 月 28 日 召开第二届董事会第六次会议，审议通过了《关于以集中竞价交易方式回购公司 股份方案的议案》，同意公司以公司自有资金、自筹资金（包括但不限于中信银行 股份有限公司合肥分行提供的股票回购专项贷款）通过上海证券交易所交易系统 以集中竞价交易方式回购公司已发行的部分人民币普通股（A 股）股票，回购资 金总额不低于人民币 3,000.00 万元（含），不超过人民币 6,000.00 万元（含），回 购价格不超过 52.51 元/股（含），回 ...

Summary of Key Points Core Viewpoint - Hengshuo Co., Ltd. announced a share buyback plan, indicating confidence in its stock value and future prospects [1]. Company Actions - Hengshuo Co., Ltd. plans to repurchase approximately 830,000 shares by October 31, 2025, which represents about 0.9971% of its total share capital of approximately 82.93 million shares [1]. - The buyback will be conducted through the Shanghai Stock Exchange's centralized bidding system, with a total expenditure of approximately RMB 30.01 million [1]. Financial Performance - For the year 2024, Hengshuo Co., Ltd.'s revenue composition is heavily weighted towards integrated circuits, accounting for 99.91% of total revenue, while other businesses contribute only 0.09% [1]. - As of the report date, Hengshuo Co., Ltd. has a market capitalization of RMB 4.7 billion [1].

Core Viewpoint - Hengshuo Co., Ltd. (688416.SH) announced a share buyback program, indicating a strategic move to enhance shareholder value and confidence in the company's future prospects [1] Summary by Categories Share Buyback Details - The company repurchased a total of 826,900 shares, which represents 0.9971% of the total share capital [1] - The highest price paid for the shares was 52.00 CNY per share, while the lowest price was 31.53 CNY per share [1] - The total amount spent on the buyback was 30.013 million CNY, excluding transaction fees such as stamp duty and commissions [1]

Core Viewpoint - Hengshuo Co., Ltd. (688416.SH) announced a share buyback program, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Summary by Categories Share Buyback Details - The company repurchased a total of 826,900 shares, which represents 0.9971% of its total share capital [1] - The highest price paid for the shares was 52.00 CNY per share, while the lowest price was 31.53 CNY per share [1] - The total amount spent on the buyback was 30.013 million CNY, excluding transaction fees such as stamp duty and commissions [1]

Core Points - Hengshuo Co., Ltd. (688416.SH) closed at 57.11 yuan, experiencing a decline of 5.46%, currently in a broken state [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on August 29, 2022, with an issuance of 20.66 million new shares, accounting for 25% of the total post-issuance shares, at a price of 65.11 yuan per share [1] - The total amount raised by Hengshuo was 1.345 billion yuan, with a net amount of 1.209 billion yuan after deducting issuance costs, exceeding the original planned fundraising by 455.76 million yuan [1] - The original fundraising plan was 753.88 million yuan, intended for projects including "NOR Flash Memory Chip Upgrade R&D and Industrialization," "General MCU Chip Upgrade R&D and Industrialization," "CiNOR Integrated AI Inference Chip R&D Project," and "Development and Technology Reserve Project" [1] Financial Details - The total issuance costs for Hengshuo amounted to 135.53 million yuan, with Guoyuan Securities receiving underwriting and sponsorship fees of 109.21 million yuan [2] - Guoyuan Innovation Investment Co., Ltd., a subsidiary of the sponsoring institution, was allocated 826,400 shares, representing 4% of the total issuance, with an allocation amount of 53.81 million yuan, subject to a 24-month lock-up period [2] Ownership Structure - The controlling shareholders and actual controllers of Hengshuo are Xiang Dong Lu (American nationality) and Lü Yinan (Chinese nationality) [3]

Core Insights - The company reported a cumulative operating revenue of 306 million yuan from January to September 2025, representing a year-on-year growth of 16.02% [1] - The net profit attributable to shareholders was -95.33 million yuan, with a net profit excluding non-recurring gains and losses of -106.12 million yuan [1][3] - Basic earnings per share were -1.16 yuan, and the weighted average return on equity decreased by 0.16 percentage points to -7.24% compared to the same period last year [1][4] Revenue and Profitability - In Q3 2025, the company achieved an operating revenue of 132 million yuan, a significant increase of 52.66% year-on-year, driven by favorable market conditions in the storage sector and increased inventory by downstream customers [3] - Despite the revenue growth, the company continued to incur losses, with a net profit attributable to shareholders of -24.55 million yuan for the third quarter [3] Research and Development - The company maintained a high level of investment in research and development, with a total R&D expenditure of 23.26 million yuan in Q3 2025, accounting for 17.67% of operating revenue [4] - Cumulative R&D investment from the beginning of the year to the reporting period was 66.09 million yuan, representing a year-on-year increase of 1.54% [4] Financial Position - As of September 30, 2025, the company's total assets were 1.395 billion yuan, a decrease of 5.64% from the end of the previous year [5] - The equity attributable to shareholders was 1.269 billion yuan, down 6.95% from the end of the previous year, reflecting adjustments due to operational losses while maintaining overall financial stability [5]

Group 1 - Core viewpoint: Hengshuo Co., Ltd. (688416.SH) reported a decline in institutional ownership in its Q3 2025 report, with a total of 9 institutional investors holding 15.9733 million shares, representing 19.26% of the total share capital, a decrease of 7.52 percentage points from the previous quarter [1] - Institutional investors include various funds and partnerships, such as Hefei Henglian Enterprise Management Consulting Center and China Bank's mixed securities investment fund [1] - The total institutional holding percentage has decreased compared to the previous quarter, indicating a potential shift in investor sentiment [1] Group 2 - In the public fund sector, two funds increased their holdings compared to the previous period, with a total increase of 0.12% [2] - Two new public funds were disclosed this quarter, including Pengyang CSI A500 Index Enhanced A and Tongtai CSI 300 Quantitative Enhanced A [2] - A total of 49 public funds were not disclosed this quarter, indicating a significant reduction in public fund participation [2]

Core Viewpoint - Hengshuo Co., Ltd. (688416.SH) reported a revenue of 306 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 16.02% [1] - The net profit attributable to shareholders of the parent company was a loss of 95.32 million yuan, which is an improvement of 9.24 million yuan compared to the same period last year [1] - The basic earnings per share stood at -1.16 yuan [1] Financial Performance - Total operating revenue for the first three quarters reached 306 million yuan, marking a 16.02% increase year-on-year [1] - The net loss attributable to the parent company's shareholders decreased by 9.24 million yuan compared to the previous year [1] - Basic earnings per share reported at -1.16 yuan [1]