证券代码：688439 证券简称：振华风光 公告编号：2025-041 贵州振华风光半导体股份有限公司 第二届董事会第九次会议决议公告 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。 一、董事会会议召开情况 贵州振华风光半导体股份有限公司（以下简称"公司"）第二届董事会第九 次会议于 2025 年 11 月 10 日 14 时以现场结合通讯方式召开。本次会议通知于 2025 年 10 月 31 日以书面、电话或其他通讯等方式通知全体董事。会议由董事 长朱枝勇先生主持，会议应到董事 7 人，实到董事 7 人。本次会议的召集和召开、 表决方式、决议内容符合《中华人民共和国公司法》《上海证券交易所科创板股 票上市规则》等相关法律法规、规范性文件及《贵州振华风光半导体股份有限公 司章程》的相关规定，会议决议合法有效。 二、董事会会议审议情况 与会董事认真审议本次会议相关议案，以书面记名投票表决方式作出如下决 议： （一）审议通过《关于 2025 年开展应收账款保理及认购应收账款资产支持 证券暨关联交易的议案》 具 体 内 容 详 ...

关于贵州振华风光半导体股份有限公司 2025年度开展应收账款保理业务及认购应收账款 资产支持证券暨关联交易的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为贵州振 华风光半导体股份有限公司（以下简称"公司"或"振华风光"）首次公开发行 股票并在科创板上市的保荐人，根据《证券发行上市保荐业务管理办法》《上海 证券交易所科创板股票上市规则》和《上海证券交易所科创板上市公司自律监管 指引第1号——规范运作》等有关规定，对公司2025年度开展应收账款保理业务 及认购应收账款资产支持证券暨关联交易的事项进行了核查，核查情况如下： 一、关联交易概述 中信证券股份有限公司 （一）本次交易的基本情况 1、本次交易概况 为优化公司财务结构，减少应收账款对资金的占用，降低应收账款管理成本， 改善经营性现金流状况，结合公司实际经营需要。公司以无追索权保理的方式将 不超过人民币16,525万元账面原值的应收账款转让给中电惠融商业保理（深圳） 有限公司（以下简称"中电惠融"），并使用自有资金购买不超过500万元的《中 电惠融保理1-10期应收账款资产支持专项计划》资产支持证券产品。 公司与中电惠融的实际控制人均为 ...

证券代码：688439 证券简称：振华风光 公告编号：2025-042 贵州振华风光半导体股份有限公司 关于召开2025年第三次临时股东会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2025年第三次临时股东会 召开日期时间：2025 年 11 月 27 日 14 点 00 分 召开地点：贵州省贵阳市高新区高纳路 819 号贵州振华风光半导体股份有限 公司 101 办公大楼 5 楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 11 月 27 日 至2025 年 11 月 27 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 本次股东会审议议案及投票股东类型 | 序号 | | 议案名称 | 投票股东类型 | | --- | --- | --- | --- | | | | | 股股东 A | | 非累积投票议案 | | | | | 1 | ...

Group 1 - The company, Zhenhua Wind Power, stated on November 7 that it currently has no cooperative relationship with Shenzhen Wanliyan [1] - The company emphasizes its strict adherence to information disclosure regulations, ensuring that all significant cooperation matters will be disclosed in a timely manner through the Shanghai Stock Exchange and designated media [1]

Core Viewpoint - The company has confirmed that it does not have any cooperation relationship with Shenzhen Wanliyan as of now, and it adheres strictly to information disclosure regulations [1]. Group 1 - The company responded to an investor inquiry regarding potential collaboration with Shenzhen Wanliyan [2]. - The company emphasizes its commitment to timely disclosure of any significant cooperation matters through the Shanghai Stock Exchange and designated media [1].

Core Viewpoint - The company, Zhenhua Fengguang (688439.SH), is actively developing its storage chip product line, which includes various types such as NAND FLASH, EMMC, DDR, EEPROM, and NOR FLASH, with approximately 10 products having completed the transition to production and received small batch orders [1] Group 1 - The company is currently validating a 64GB product, and the progress of this work is reported to be smooth [1] - The focus remains on technological innovation and product development [1] - Currently, the storage chip orders are in a small batch status, and fluctuations in storage chip prices have minimal impact on the company [1]

Core Viewpoint - The company acknowledges investor concerns regarding its stock performance amidst a booming global tech market, emphasizing that stock price fluctuations are influenced by various external factors [1] Company Response - The company understands the investor's concerns about its long-term stock price underperformance compared to other tech giants [1] - The management is committed to strengthening the company's fundamentals to create sustainable value for shareholders [1] - The company highlights that stock price volatility is a normal market behavior influenced by macroeconomic conditions and industry developments [1]

Core Insights - The company, Zhenhua Guangguang, has developed over 30 products in the signal chain and power management series that have passed customer validation for commercial satellite applications [2] - The company's products have not yet been applied in projects like the GW constellation and Qianfan constellation, indicating potential future growth opportunities in the satellite internet sector [2] Product Development - Zhenhua Guangguang's main products include signal chain and power management devices [2] - The company has successfully completed relevant tests for its products, ensuring they meet the requirements for satellite application environments [2] Future Prospects - The company plans to continue expanding its business in the satellite internet field, suggesting a strategic focus on this growing market [2]

Core Viewpoint - The company, Zhenhua Wind Power (688439.SH), is actively engaged in the satellite industry, focusing on signal chain and power management products, with over 30 products tested and validated for satellite applications [1] Product Development - The company's main products include a series of signal chain and power management devices, which have been successfully tested and validated for commercial satellite applications [1] - Currently, the company's products have not been applied in projects such as the GW constellation and Qianfan constellation, indicating potential areas for future growth [1] Future Outlook - The company plans to continue expanding its business in the satellite internet sector, suggesting a strategic focus on future opportunities within this growing market [1]

Core Viewpoint - The company has reported a total of 44,917,258.73 yuan in credit impairment losses and asset impairment losses for the third quarter of 2025, reflecting a cautious approach to financial reporting and asset management [8][13]. Financial Data - The financial report for the third quarter of 2025 is unaudited, and the company has confirmed that the financial information is true, accurate, and complete [3][2]. - The company has recognized a total of 44,967,898.98 yuan in credit impairment losses for the third quarter, indicating a focus on managing credit risk effectively [9]. Asset Impairment - The company conducted impairment testing on various assets and recognized credit impairment losses and asset impairment losses totaling 44,917,258.73 yuan for the third quarter [8][13]. - The company has a low historical bad debt loss rate, with cumulative bad debt losses of only 0.18 million yuan over the past three years, suggesting strong credit management practices [9]. Shareholder Meeting - The company will hold its second extraordinary general meeting of 2025 on November 18, 2025, to discuss various resolutions, including the approval of financial reports and other significant matters [17][20]. - The meeting will utilize both on-site and online voting methods to facilitate shareholder participation [19][21]. Cash Management - The company has approved the use of up to 155 million yuan of temporarily idle raised funds for cash management, aimed at enhancing the efficiency of fund utilization while ensuring the safety of the funds [51][52]. - The cash management strategy includes investing in low-risk, liquid financial products, which aligns with the company's goal of maximizing shareholder returns [60][62]. Audit Firm Appointment - The company plans to renew its appointment of Da Xin Certified Public Accountants for auditing services, pending approval from the shareholders' meeting [64][66]. - Da Xin has extensive experience in the industry, with a strong track record in providing auditing services to numerous companies [66][69].