Core Viewpoint - The company emphasizes a development strategy that combines technological innovation with market demand, aiming to balance R&D investment with short-term performance through optimized resource allocation and improved R&D efficiency [1] Group 1: Product Development - The company is focusing on key areas such as signal chains, power management, RISC-V MCUs, and RF microwave technologies, utilizing a strategy of "new products, new customers, new fields" to explore incremental market opportunities [1] - The RISC-V MCU development began in June 2022, with two MCU products completed by November 2025, both passing user-end software and hardware compatibility verification and ready for mass production, with a steady increase in orders [1] - The company remains optimistic about the market development of RISC-V, despite the industry requiring a learning and adaptation period for large-scale applications [1] Group 2: Market Feedback and Expansion - The high-speed, high-precision operational amplifiers have achieved breakthroughs in high-voltage rail-to-rail enhancement technology, improving key indicators such as wide dynamic range and low input bias [1] - Although the aforementioned products have passed user trials, bulk orders have not yet materialized due to adjustments in industry demand [1] - The company is expanding into emerging fields such as commercial aerospace and drones through specialized teams, with several radiation-resistant new products already included in the small satellite selection directory [1]

Core Viewpoint - Zhuhai Wind Power (688439.SH) has formed some supply orders in the commercial aerospace supporting field, indicating a positive development in its business operations [1] Group 1: Business Operations - The company has established supply orders for certain products in the commercial aerospace sector [1] - The typical delivery cycle for the company's products is 3-6 months, which includes production and testing [1] - The company is closely tracking user demand plans to ensure delivery capabilities [1] Group 2: Revenue Expectations - Revenue from commercial aerospace is expected to gradually materialize based on the progress of user projects [1] - The company will disclose specific revenue targets related to commercial aerospace based on market demand, order progress, and overall business development at an appropriate time [1] - Future revenue contributions will be detailed in the company's subsequent periodic reports [1]

Core Viewpoint - The company, Zhenhua Fengguang, has successfully developed a series of products utilizing its System in Package (SiP) technology, focusing on signal conditioning and motor drive applications, showcasing significant advancements in miniaturization and integration [1] Group 1: Product Development - The company has developed new products such as the rotary decoder driver and three-phase bridge driver controller, with the rotary decoder driver featuring a package size of 6mm x 6mm and a decoding resolution of 16 bits [1] - The company has made breakthroughs in micro-system integration packaging, mastering key processes like the combination of organic and metal SiP, RDL and TSV technologies, and 3D multi-board stacking packaging technology [1] Group 2: Competitive Advantages - The competitive advantages of the SiP technology include miniaturization and high-density integration, significantly reducing product size and enhancing system integration to meet lightweight equipment demands [1] - Performance optimization is achieved by shortening signal transmission paths, reducing power consumption and latency, and enhancing system reliability, making it suitable for high-reliability applications in extreme environments [1] - The company has established technical barriers by mastering core technologies such as 3D multi-board stacking packaging and high-speed signal integrity simulation, supporting domestic system-level solutions [1]

Core Viewpoint - The company, Zhenhua Fengguang, focuses on System in Package (SiP) technology, successfully developing a series of products aimed at signal processing and motor drive applications, highlighting its competitive advantages in miniaturization and high-density integration [1] Group 1: Product Development - The company has developed new products such as the rotary variable differential transformer (RVDT) decoder driver and three-phase bridge driver controllers, with the RVDT decoder driver featuring a package size of 6mm×6mm and a decoding resolution of 16 bits [1] - The company has overcome key processes in micro-system integrated packaging, including the combination of organic and metal SiP, RDL and TSV technologies, and has mastered 3D multi-board stacking packaging technology and 2.5D silicon interposer design technology [1] Group 2: Competitive Advantages - The competitive advantages of SiP technology include significant size reduction and high-density integration through multi-chip stacking and heterogeneous integration, meeting the lightweight requirements of equipment [1] - Performance optimization is achieved by shortening signal transmission paths, reducing power consumption and latency, and enhancing system reliability, making it suitable for high-reliability applications in extreme environments [1] - The company has established technical barriers by mastering core technologies such as 3D multi-board stacking packaging and high-speed signal integrity simulation, supporting domestic system-level solutions [1]

Core Viewpoint - Zhuhai Fengguang (688439.SH) is positioned as a key supplier of high-reliability analog integrated circuits in China, with over 30 products validated for satellite applications [1] Group 1: Product Validation and Market Position - The company has successfully completed rigorous environmental testing for its products, which are now validated by customers to meet satellite application requirements [1] - The company is expanding its technical capabilities in signal conditioning and RF transceiver technologies to support the commercial aerospace sector [1] Group 2: Future Developments - There is currently no specific information available regarding the company's technical reserves for reusable satellite rockets, but the company will continue to monitor market demand and technological advancements [1]

Core Viewpoint - The company emphasizes a development strategy that combines technological innovation with market demand, aiming to balance R&D investment with short-term performance through optimized resource allocation and improved R&D efficiency [1] Group 1: Product Development - The company is focusing on key areas such as signal chains, power management, RISC-V MCUs, and RF microwave technologies, utilizing a strategy of "new products, new customers, new fields" to explore incremental market opportunities [1] - The RISC-V MCU development began in June 2022, with two MCU products completed by November 2025, both passing user-side hardware and software compatibility verification and ready for mass production with steadily increasing orders [1] - The company remains optimistic about the market development of RISC-V despite the industry requiring a learning and adaptation period for large-scale applications [1] Group 2: Market Feedback and Expansion - The high-speed, high-precision operational amplifier has achieved breakthroughs in high-voltage rail-to-rail enhancement technology, improving key metrics such as wide dynamic range and low input bias [1] - Although the aforementioned products have passed user trials, they have not yet formed bulk orders due to adjustments in industry demand [1] - The company is expanding into emerging fields such as commercial aerospace and drones through a dedicated team, with several radiation-resistant new products already included in the small satellite selection directory [1]

易方达国防军工混合A（001475）成立日期2015年6月19日，最新规模81.83亿。今年以来收益9.91%， 同类排名5646/8136；近一年收益5.55%，同类排名6522/8056；成立以来收益46.4%。 易方达国防军工混合A（001475）基金经理为何崇恺。 截至发稿，何崇恺累计任职时间5年361天，现任基金资产总规模215.71亿元，任职期间最佳基金回报 100.27%， 任职期间最差基金回报-15.04%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 11月21日，振华风光跌5.03%，截至发稿，报55.55元/股，成交2.72亿元，换手率2.41%，总市值111.10 亿元。 资料显示，贵州振华风光半导体股份有限公司位于贵州省贵阳市高新区高纳路819号，成立日期2005年8 月31日，上市日期2022年8月26日，公司主营业务涉及专注于高可靠集成电路设计、封装、测试及销售, 主要产品包括信号链及电源管理器等系列产品。主营业务收入 ...

贵州振华风光半导体股份有限公司 2025年第三次临时股东会会议资料 贵州振华风光半导体股份有限公司 2025年第三次临时股东会会议资料 贵州振华风光半导体股份有限公司 2025年第三次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证大 会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东会规则》以及《贵州振华风光半导体股份有限公司章程》《贵州振华 风光半导体股份有限公司股东会议事规则》等相关规定，特制定贵州振华风光半 导体股份有限公司（以下简称"公司"）2025 年第三次临时股东会会议须知： 一、为确认出席大会的股东或其股东代理人或其他出席者的出席资格，会议 工作人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，务必 请出席大会的股东或其股东代理人或其他出席者在会议召开前 30 分钟到会议现 场办理签到手续，并请按规定出示证券账户卡、身份证明文件或法人单位证明、 授权委托书等，上述登记材料均需提供复印件一份，个人登记材料复印件须个人 签字，法定代表人证明文件复印件须加 ...

北京市中伦律师事务所 关于贵州振华风光半导体股份有限公司 2025 年第二次临时股东会的 法律意见书 致：贵州振华风光半导体股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受贵州振华风光半导体股份 有限公司（以下简称"公司"）委托，指派律师见证公司 2025 年第二次临时股 东会（以下简称"本次股东会"）。本所律师根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）、《律师事务所从事 证券法律业务管理办法》等相关法律、法规、规章、规范性文件及《贵州振华风 光半导体股份有限公司章程》（以下简称"《公司章程》"）的规定，对本次股 东会的相关事项进行见证并出具法律意见。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信 用原则，进行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、 完整，所发表的结论性意见合法、准确，不存在虚假记 ...

证券代码：688439 证券简称：振华风光 公告编号：2025-044 贵州振华风光半导体股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 11 月 18 日 本次会议由董事会召集，董事长朱枝勇先生主持，会议采用现场投票和网络 投票相结合的表决方式进行表决。本次会议的召集、召开程序、表决方式、决议 内容均符合《公司法》《公司章程》的有关规定。 （二） 股东会召开的地点：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 5 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 61 | | --- | --- | | 普通股股东人数 | 61 | | 2、出席会议的股东所持有的表决权数量 | 123,335,391 | | 普通股股东所持有表决权数量 | 1 ...