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].

Group 1 - The company plans to continue its audit services with Da Xin Accounting Firm for the fiscal year 2025, following approval from the audit committee and the board of directors [7][9][10] - The audit fees for 2025 are set at RMB 500,000, with no change from the previous period, comprising RMB 350,000 for financial audit and RMB 150,000 for internal control audit [6] - The proposed signing partners and quality control reviewers have no criminal penalties or administrative sanctions in the past three years, ensuring their integrity [4] Group 2 - The company intends to renew its comprehensive financial cooperation agreement with China Electronics Finance Co., Ltd., which includes a credit limit and fund settlement balance of RMB 1.5 billion, valid for three years [14][17] - The agreement aims to enhance the efficiency of fund settlements, reduce financing costs, and broaden financing channels without adversely affecting the company's financial status or independence [26][30] - The independent directors have unanimously agreed that the transaction is fair and will not harm the interests of the company or its shareholders, particularly minority shareholders [28][31]

Core Viewpoint - Zhenhua Wind Power (688439.SH) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 701 million yuan, representing a year-on-year decrease of 11.59% [1] - The net profit attributable to shareholders of the parent company was 91.0973 million yuan, down 63.33% year-on-year [1] - The basic earnings per share stood at 0.4555 yuan [1]