证券代码：688486 证券简称：龙迅股份 公告编号：2025-023 龙迅半导体（合肥）股份有限公司 关于投资建设龙迅股份科创（研发）基地项目的公告 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。 重要内容提示： 投资标的名称：龙迅股份科创（研发）基地项目 投资金额：项目预计总投资约人民币3.43亿元（最终投资金额以项目建设实际 投资为准）。投入资金的来源为公司自有或自筹资金。 本次投资事项不构成关联交易，也不构成《上市公司重大资产重组管理办法》、 《科创板上市公司重大资产重组特别规定》等规定的重大资产重组。 相关风险提示：项目实施尚需政府部门项目立项备案、履行环境保护、节能、 消防等相关部门的审批手续，如因国家或地方有关政策调整、项目审批等实施条件发 生变化，该项目的实施可能存在顺延、变更、中止或终止的风险。项目的投资计划可 能根据未来实际情况调整，存在不能达到原计划及预测目标的风险。 一、项目投资概述 （一）基本情况 为更好的实现龙迅半导体（合肥）股份有限公司（以下简称"公司"）战略规划， 改善公司整体的科研和运营环 ...

先正达集团中国MAP智慧农业平台可为种植户提供全生命周期管理服务，从产前规划的播前分析报告 和地块评价报告，到产中管理的种植监测诊断和病虫害预警与识别，再到产后评估的产量预估和年度种 植服务报告，AI技术都在其中发挥了关键作用。 先正达集团与亚马逊云科技携手合作，历时2年时间开发出CropwiseAI。依托先正达集团20年积累的卫 星图像、天气模式等数据信息，以及超过8万个关于作物生长阶段的观察记录和丰富的农艺模型资源， CropwiseAI逐步发展成为全球农户的"私人顾问"。CropwiseAI聊天机器人可在实时对话中为农户提供定 制化的种植建议，包括精确的投入品应用、品种分布及病虫害防控建议。 在正式被投入实际应用前，CropwiseAI经过了严格的测试流程。先正达集团开发团队利用模型生成答 案，并通过人工评估以及与其他大语言模型的对比验证，确保信息在简洁性、相关性与准确性方面达到 更优表现。 以选种为例，单个作物可能有数千种的杂交品种可供农户选择，而每块农田的环境、需求及病虫害情况 特殊，使得选种过程极为复杂。CropwiseAI能够根据土壤条件、病虫害历史和实时天气数据，从数千种 杂交品种中推荐最适合 ...

证券代码：688486 证券简称：龙迅股份 公告编号：2025-021 龙迅半导体（合肥）股份有限公司 2024年年度权益分派实施公告 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： | 股权登记日 | 除权（息）日 | 新增无限售条件流 | 现金红利发放日 | | --- | --- | --- | --- | | | | 通股份上市日 | | | 2025/4/24 | 2025/4/25 | 2025/4/25 | 2025/4/25 | 一、 通过分配、转增股本方案的股东大会届次和日期 本次利润分配及转增股本方案经公司2025年3月21日的2024年年度股东大会审议 通过。 二、 分配、转增股本方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司 上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《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— 1 公司存在首发战略配售股份，首发 ...

根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》规定， 上市公司回购专用账户中的股份，不享有股东大会表决权、利润分配、公积金转 1 中国国际金融股份有限公司 关于龙迅半导体（合肥）股份有限公司 差异化权益分派事项的核查意见 中国国际金融股份有限公司（以下简称"保荐机构"或"中金公司"）为龙 迅半导体（合肥）股份有限公司（以下简称"公司"、"龙迅股份"）持续督导的 保荐机构，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》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》及 《上海证券交易所上市公司自律监管指南第 2 号——业务办理》等有关规定，就 龙迅股份差异化权益分派事项进行了审慎核查，发表核查意见如下： 一、本次差异化分红的原因 2024 年 2 月 6 日，公司第三届董事会第十七次会议审议通过了《关于以集 中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金以集中竞价 交易方式回购公司已发行的人民币普通股（A 股）股票，回购资金总额不低于人 民币 3,000 万元（含），不超过人民币 6,000 万元（含），回购期限为自公司董事 会审议通过本次 ...

Group 1 - The Shanghai Stock Exchange Science and Technology Innovation Board Composite Index (000680) has shown a strong increase of 2.66% as of April 11, 2025, with notable individual stocks such as Jinghua Micro (688130), Meixin Sheng (688458), and Naxin Micro (688052) each rising by 20% [1] - The Huaxia Science and Technology Innovation Index ETF (589000) has experienced a 2.22% increase, marking its fourth consecutive rise, with the latest price reported at 0.92 yuan and a transaction volume of 21.67 million yuan [1] - Over the past month, the Huaxia Science and Technology Innovation Index ETF has seen a significant growth in scale, increasing by 7.13 million yuan, with the latest share count reaching 884 million, a new high for the month [2] Group 2 - The net inflow of funds into the Huaxia Science and Technology Innovation Index ETF has reached 28.90 million yuan, with a total of 43.39 million yuan accumulated over the last five trading days [2] - The Ministry of Industry and Information Technology has emphasized the need to accelerate the development of specialized and innovative small and medium-sized enterprises, focusing on innovation, digital empowerment, talent development, ecological support, and service enhancement [2] - Guosen Securities highlights that under the current trade tensions, technological self-reliance and autonomy are crucial for breaking through challenges, with China's established industrial ecosystem and advancing engineering talent providing a significant comparative advantage in the electronics industry [2] Group 3 - The Huaxia Science and Technology Innovation Index ETF closely tracks the performance of the Shanghai Stock Exchange Science and Technology Innovation Board Composite Index, which includes stocks from eligible companies listed on the Science and Technology Innovation Board [3] - As of March 31, 2025, the top ten weighted stocks in the index include Haiguang Information (688041), Cambricon (688256), and SMIC (688981), collectively accounting for 22.34% of the index [3] - The Huaxia Science and Technology Innovation Index ETF has associated fund products, including the Huaxia Shanghai Science and Technology Innovation Board Composite ETF Connect A (023719) and C (023720) [3]

电子行业今日下跌11.04%，全天主力资金净流出210.41亿元，该行业所属的个股共461只，今日上涨的 有2只；下跌的有457只，跌停的有276只。以资金流向数据进行统计，该行业资金净流入的个股有32 只，净流入资金居首的是同兴达，今日净流入资金1971.10万元，紧随其后的是龙迅股份、鸿日达，净 流入资金分别为1581.77万元、1359.35万元。电子行业资金净流出个股中，资金净流出超亿元的有48 只，净流出资金居前的有中芯国际、寒武纪、北方华创，净流出资金分别为8.83亿元、7.08亿元、5.28 亿元。（数据宝） 电子行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002845 | 同兴达 | -8.68 | 5.98 | 1971.10 | | 688486 | 龙迅股份 | -11.72 | 3.69 | 1581.77 | | 301285 | 鸿日达 | -6.71 | 9.85 | 1359.35 | | 688361 | 中科飞测 | -3.42 | 4.19 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a previous rating also being "Buy" [1][6]. Core Views - The company has shown significant growth in revenue and net profit for 2024, driven by the launch of several high-frequency, high-resolution bridge chip products and accelerated development in automotive electronics [4][9]. - The company is actively expanding into high-performance computing (HPC) and high-speed communication chip sectors, indicating a positive operational outlook [4][9]. Financial Summary - The company’s revenue for 2024 is projected to be RMB 466 million, representing a year-on-year growth of 44.2%. The net profit attributable to the parent company is expected to reach RMB 144 million, a 40.6% increase [8][9]. - The company’s earnings per share (EPS) for 2025 is estimated at RMB 2.04, with a corresponding price-to-earnings (P/E) ratio of 55.5 [6][8]. - The company’s EBITDA for 2024 is projected at RMB 133 million, with a growth rate of 61.9% [10]. Product Development and Market Position - The company has launched multiple new products in 2024, including high-resolution chips that support 4K@144Hz resolution and various automotive applications [9]. - The automotive chip and system solutions division was established at the end of 2024, aiming to enhance the company’s position in the automotive SerDes market [9]. Growth Drivers - The semiconductor industry recovery has led to increased demand from downstream customers, contributing to the company's strong revenue growth [9]. - The company’s R&D expenses have increased significantly, reaching nearly RMB 100 million in 2024, which is 21.5% of its revenue, indicating a strong commitment to innovation [9].

Core Viewpoint - The company expects revenue for Longxin Co., Ltd. to reach 705 million, 1.119 billion, and 1.450 billion yuan in 2025, 2026, and 2027 respectively, with net profit attributable to shareholders of 209 million, 348 million, and 434 million yuan for the same years. A comparable company valuation method gives Longxin a 2025 PE ratio of 65, corresponding to a target market value of 13.554 billion yuan, maintaining a "buy" rating [1] Automotive Business - The company's automotive SerDes is set for significant market release, with rapid growth in automotive bridging chip business. By 2025, the market size for automotive SerDes in mainland China is expected to reach 1.088 billion USD, with a per vehicle value of 44.35 USD. Currently, the market is dominated by foreign manufacturers like ADI and TI, with few domestic companies generating substantial revenue. Longxin's automotive SerDes chipsets are entering full market promotion, with mass production expected in electric two-wheeled vehicle dashboards and industrial welding 3D cameras [2] - The company's bridging chips have seen a notable increase in market share in 2024 for applications in head-up displays and in-car infotainment systems. Solutions for bridging video signals between ADASSOC modules and cockpit domain control SoCs have begun mass shipments in hybrid and fuel vehicles. By the end of Q3 2024, automotive electronics revenue accounted for approximately 20% of total revenue, and the establishment of the automotive division on December 24, 2024, positions Longxin for significant growth in the automotive sector [2] HD Bridging Chips - The market for HD bridging chips is being driven upward by sectors such as AR/VR, education, video conferencing, and commercial displays. According to CINNO Research, the global and mainland China market sizes were 2.238 billion and 881 million yuan in 2020, respectively, and are expected to reach 5.574 billion and 2.413 billion yuan by 2025, with a CAGR of approximately 20.02% and 22.33% from 2020 to 2025. In 2020, Longxin held a 4.2% global market share, ranking 6th, and is well-positioned among domestic manufacturers to benefit from the growing demand for HD bridging chips [3]

Summary of Key Points Core Viewpoint - The announcement details the completion of a share reduction plan by Anhui Hongtu Venture Capital Co., Ltd., which reduced its holdings in Longxun Semiconductor (Hefei) Co., Ltd. due to funding needs, resulting in a decrease in ownership percentage from 4.9999% to 4.30% [1][2][3]. Shareholder Holding Situation - Before the reduction plan, Anhui Hongtu held 5,114,029 shares, representing 4.9999% of the total share capital, with 3,455,425 shares acquired before the IPO and 1,658,604 shares obtained through capital reserve conversion [1][2]. Implementation of Reduction Plan - The reduction plan was announced to take place from December 30, 2024, to March 29, 2025, with a maximum reduction of 1,534,200 shares, equating to 1.5000% of the total share capital [1]. - During the plan period, a total of 715,135 shares were sold through centralized bidding, accounting for 0.70% of the total share capital [2]. Financial Details of the Reduction - The shares were sold at a price range of 120.08 to 125.63 yuan per share, resulting in a total amount of approximately 87.67 million yuan [2]. - The remaining shares that were not sold amounted to 819,065 shares, indicating that the reduction plan was partially completed [2][3]. Current Shareholding Status - Following the reduction, Anhui Hongtu now holds 4,398,894 shares, which is 4.30% of the total share capital [2].

重要内容提示： 股东持股的基本情况 本次减持计划实施前，安徽红土创业投资有限公司（以下简称"红土创投"）持有 龙迅半导体（合肥）股份有限公司（以下简称"龙迅股份"或"公司"）股份 5,114,029 股，占公司总股本的 4.9999%。其中 3,455,425 股为公司首次公开发行前取得的股份， 已于 2024 年 2 月 21 日起上市流通；1,658,604 股为公司资本公积转增股本取得的股 份，已于 2024 年 6 月 3 日起上市流通。 证券代码：688486 证券简称：龙迅股份 公告编号：2025-020 龙迅半导体（合肥）股份有限公司 股东减持计划期限届满暨减持股份结果公告 本公司董事会、全体董事及相关股东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。 减持计划的实施结果情况 2024 年 12 月 7 日，公司于上海证券交易所（www.sse.com.cn）披露了《龙迅股份 股东减持股份计划公告》（公告编号：2024-079），股东红土创投因自身资金需求，计划 自 2024 年 12 月 30 日至 2025 年 3 月 29 ...