Core Viewpoint - ChipLink Integrated Circuit Manufacturing Co., Ltd. has shown a significant increase in stock price and revenue, despite a recent decline in share price and net outflow of funds [1][2]. Financial Performance - As of September 30, 2025, ChipLink achieved a revenue of 5.422 billion yuan, representing a year-on-year growth of 19.23% [2]. - The company reported a net profit attributable to shareholders of -463 million yuan, which is a 32.32% increase compared to the previous period [2]. Stock Performance - The stock price of ChipLink decreased by 2.00% to 6.85 yuan per share, with a trading volume of 163 million yuan and a turnover rate of 0.53% [1]. - Year-to-date, the stock price has increased by 33.53%, with a 6.04% rise over the last five trading days, 7.20% over the last twenty days, and 26.15% over the last sixty days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 139,800, with an average of 31,681 circulating shares per person, a decrease of 0.34% [2]. - The largest circulating shareholder is E Fund's SSE STAR 50 ETF, holding 182 million shares, a decrease of 23.21 million shares from the previous period [2]. Business Overview - ChipLink specializes in wafer foundry and module packaging testing services, focusing on MEMS and power devices, with 85.96% of revenue coming from integrated circuit wafer manufacturing [1]. - The company is categorized under the semiconductor industry, with concepts including SMIC, smart vehicles, IGBT, integrated circuits, and analog chips [1].

Core Viewpoint - ChipLink Integrated experienced a stock price decline of 2.09% on November 18, with a current price of 7.01 CNY per share and a total market capitalization of 58.763 billion CNY [1] Financial Performance - For the period from January to September 2025, ChipLink Integrated reported a revenue of 5.422 billion CNY, representing a year-on-year growth of 19.23%. However, the net profit attributable to shareholders was -463 million CNY, showing a year-on-year increase of 32.32% in losses [2] Stock Market Activity - As of November 18, the stock had a trading volume of 5.87 billion CNY, with a turnover rate of 1.87%. The main funds saw a net outflow of 90.156 million CNY, with large orders accounting for 22.58% of purchases and 37.95% of sales [1] Shareholder Structure - As of September 30, 2025, the number of shareholders for ChipLink Integrated was 139,800, an increase of 0.34% from the previous period. The average number of circulating shares per person decreased by 0.34% to 31,681 shares [2] Business Overview - ChipLink Integrated, established on March 9, 2018, and listed on May 10, 2023, specializes in wafer foundry and module packaging testing services in the MEMS and power device sectors. The revenue composition includes 85.96% from integrated circuit wafer manufacturing, 9.24% from module packaging, 3.58% from other services, and 1.21% from R&D services [1] Industry Classification - The company is classified under the Shenwan industry category of Electronics - Semiconductors - Integrated Circuit Manufacturing, and is associated with concepts such as SMIC International, smart vehicles, IGBT concepts, integrated circuits, and analog chips [1]

Group 1 - Core viewpoint: ChipLink Integrated Circuit Manufacturing Co., Ltd. has shown a significant stock price increase of 5.29%, reaching 7.17 CNY per share, with a total market capitalization of 601.04 billion CNY as of November 17 [1] - Company overview: Established on March 9, 2018, and listed on May 10, 2023, the company specializes in wafer foundry and module packaging testing services in the MEMS and power device sectors, providing one-stop system foundry solutions [1] - Revenue composition: The main business revenue breakdown is as follows: wafer manufacturing foundry 85.96%, module packaging 9.24%, other services 3.58%, and R&D services 1.21% [1] Group 2 - Fund holdings: Tianhong Fund has a significant position in ChipLink Integrated, with its Tianhong CSI 500 Index Enhanced A fund holding 5.52 million shares, accounting for 1.14% of the fund's net value, ranking as the seventh largest holding [2] - Fund performance: The Tianhong CSI 500 Index Enhanced A fund has achieved a year-to-date return of 34.29%, ranking 1413 out of 4216 in its category, and a one-year return of 28.65%, ranking 1343 out of 3956 [2]

Core Viewpoint - The company has launched a new silicon carbide G2.0 technology platform that utilizes advanced 8-inch manufacturing technology, achieving a globally leading level [1] Group 1: Technology and Innovation - The new technology platform is optimized through both device structure and process technology to achieve core goals of "high efficiency, high power density, and high reliability" [1] - This platform covers two major application scenarios: electric drive and power supply [1] Group 2: Market Applications - The technology can be widely applied in the markets of new energy vehicle main drives, onboard power supplies, and AI data center power supplies [1]

Core Insights - The company Xilinx Integrated Circuit Manufacturing Co., Ltd. (stock code: 688469.SH) has officially launched its new Silicon Carbide G2.0 technology platform, which utilizes advanced 8-inch manufacturing technology and has reached a globally leading level [1] - This technology platform achieves the core goals of "high efficiency, high power density, and high reliability" through dual optimization of device structure and process technology, covering two main application scenarios: electric drive and power supply [1] - The G2.0 electric drive version enhances power density by 20% due to lower conduction losses and excellent switching softness, significantly improving the power output and energy efficiency of electric vehicle drive systems, thus supporting vehicle range [1] - In the power supply scenario, the G2.0 power version optimizes parasitic capacitance design and enhances heat dissipation through packaging optimization, reducing switching losses by up to 30%, while achieving significant improvements in power conversion efficiency and system power density [1] - The platform is expected to help customers seize opportunities in new energy electrification and AI computing power construction, establishing a leading differentiated competitive advantage [2]

Core Viewpoint - A significant block trade occurred for ChipLink Integrated-U on November 13, with a transaction volume of 2.6 million shares and a transaction value of 17.264 million yuan, indicating a discount of 1.48% compared to the closing price of the day [2] Group 1: Trading Activity - The block trade price was 6.64 yuan, while the closing price for ChipLink Integrated-U on the same day was 6.74 yuan, reflecting a 4.33% increase [2] - The trading volume for the day was 2.6 million shares, with a total transaction value of 17.264 million yuan [2] - The buyer was an institutional proprietary trading department, and the seller was China International Capital Corporation's Shanghai Xuhui District Huaihai Middle Road Securities Department [2] Group 2: Market Performance - The stock had a turnover rate of 4.92% and a total trading volume of 1.463 billion yuan for the day [2] - Net outflow of main funds for the day was 52.31 million yuan, with a cumulative increase of 7.32% over the past five days [2] - The latest margin financing balance for the stock was 1.255 billion yuan, showing a decrease of 39.999 million yuan, or 3.09%, over the past five days [2]

Group 1 - The core transaction involved 2.6 million shares of Xilinx Integrated, with a total transaction value of 17.264 million yuan, accounting for 1.17% of the total transaction volume on that day [1] - The transaction price was 6.64 yuan per share, which represents a discount of 1.48% compared to the market closing price of 6.74 yuan [1] - The transaction occurred on November 13, 2025, and was executed by institutional trading departments [2]

Core Viewpoint - The company has achieved mass production of its 8-inch SiC MOSFET production line, with a current capacity of 2,000 wafers per month, indicating a positive growth trajectory in demand for SiC products as customer validation continues [1] Group 1 - The 8-inch SiC MOSFET production line has reached a capacity of 2,000 wafers per month [1] - The company plans to expand production capacity in response to increasing market demand as more customers are onboarded and validated [1]

Core Viewpoint - The company reported a third-quarter revenue of 1.927 billion yuan, representing a year-on-year growth of 15.52% [1] - The company anticipates a full-year revenue of 8 billion to 8.3 billion yuan, which indicates a growth of 23% to 28% compared to the previous year [1] Group 1 - The company's revenue growth is driven by industry development, increasing demand, and ongoing domestic substitution [1] - The company is deepening cooperation and accelerating customer acquisition to maintain revenue expansion [1]

Core Viewpoint - The company has commenced mass production of its third-generation microphones used in high-end consumer electronics and new energy vehicles, while the fourth-generation dual-diaphragm microphone is currently in the design iteration phase [1] Group 1 - The company's high-performance microphones hold over 50% market share in a leading international smartphone terminal market [1]