证券代码：688486 证券简称：龙迅股份 公告编号：2025-022 本次会议由监事会主席王瑞鹍先生主持召开，全体与会监事经认真审议和表决， 形成以下决议： 二、监事会会议审议情况 （一）审议通过《关于2025年第一季度报告的议案》 公司《2025年第一季度报告》真实、准确、完整地反映了公司2025年第一季度 的财务状况和经营成果，不存在虚假记载、误导性陈述或重大遗漏。公司2025年第 一季度报告的编制和审议程序符合法律、法规、《公司章程》的各项规定。因此， 监事会一致同意本议案。 表决结果：同意3票，反对0票，弃权0票，回避0票。 具体内容详见公司同日在上海证券交易所网站(www.sse.com.cn)披露的《龙迅 股份2025年第一季度报告》。 1 龙迅半导体（合肥）股份有限公司 第四届监事会第四次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 龙迅半导体（合肥）股份有限公司（以下简称"公司"或"龙迅股份"）第四 届监事会第四次会议于2025年4月25日在公司会议室以现场与通讯相 ...

前十大流通股东累计持有： 2443.59万股，累计占流通股比： 42.92%，较上期变化： -235.24万股。 | 名称 持有数量(万股) | | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 合肥赛富合元创业投资中心(有限合伙) | 534.10 | 9.38 | 不变 | | 安徽红土创业投资有限公司 | 439.89 | 7.73 | -71.51 | | 合肥海恒控股集团有限公司 | 298.53 | 5.24 | 不变 | | 合肥中安海创创业投资合伙企业(有限合伙) | 246.59 | 4.33 | -71.45 | | 全国社保基金一一四组合 | 241.37 | 4.24 | 不变 | | 富国新兴产业股票A/B | 220.01 | 3.86 | 16.09 | | 泰信中小盘精选混合 | 160.00 | 2.81 | 18.00 | | 华富瑞兴投资管理有限公司 | 114.19 | 2.01 | -78.81 | | 滁州中安创投新兴产业基金合伙企业(有限合伙) | 101.91 | 1.79 | -29.39 | | 泰信鑫 ...

龙迅半导体（合肥）股份有限公司 舆情管理制度 第一章 总则 第一条 为了提高龙迅半导体（合肥）股份有限公司（以下简称"公司"）应对各 类舆情的能力，建立快速反应和应急处置机制，及时妥善处理各类舆情对公司股 价、商业信誉及正常生产经营活动造成的影响，切实保护投资者合法权益，根据相 关法律法规、规范性文件和《龙迅半导体（合肥）股份有限公司章程》（以下简称 "《公司章程》"）等规定，制定本制度。 第二条 本制度所称的"舆情"是指： 第三条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活动，使 公司已经或可能遭受损失，已经或可能造成公司股票及其衍生品交易价格异常波动 的负面舆情； （二）一般舆情：指除重大舆情之外的其他舆情。 第四条 本制度适用于公司及合并报表范围内的下属子公司。 第二章 舆情管理的组织体系及其工作职责 第五条 公司应对各类舆情实行统一领导、统一组织、快速反应、协同应对。 第六条 公司成立应对舆情管理工作领导小组（以下简称"舆情工作组"），由公 司董事长担任组长，董事会秘书担任副组长，成员由公司其他高级管理人员及相关 职能部门负责人组成。 （一）报刊、电视、网络等媒 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 109,010,800.10, representing a 4.52% increase compared to CNY 104,301,247.18 in the same period last year[2]. - Net profit attributable to shareholders decreased by 8.06% to CNY 28,509,151.76 from CNY 31,009,984.93 year-on-year[2]. - Total operating revenue for Q1 2025 was CNY 109,010,800.10, an increase of 4.3% compared to CNY 104,301,247.18 in Q1 2024[18]. - Net profit for Q1 2025 was CNY 28,509,151.76, a decrease of 8.1% from CNY 31,009,984.93 in Q1 2024[20]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.28, compared to CNY 0.30 in Q1 2024[20]. - The company reported a profit before tax of CNY 29,014,650.96, down from CNY 32,378,347.62 in the previous year[20]. Cash Flow - The net cash flow from operating activities improved significantly to CNY 18,013,653.10, compared to a negative CNY 35,524,658.04 in the previous year[2]. - In Q1 2025, the net cash flow from operating activities was ¥18,013,653.10, a significant improvement compared to a net outflow of ¥35,524,658.04 in Q1 2024[23]. - Total cash inflow from operating activities in Q1 2025 was ¥130,246,315.51, up from ¥102,172,876.05 in Q1 2024, representing an increase of approximately 27.5%[23]. - Cash outflow from operating activities decreased to ¥112,232,662.40 in Q1 2025 from ¥137,697,534.09 in Q1 2024, a reduction of about 18.6%[23]. - The net cash flow from investing activities was negative at -¥297,309,747.51 in Q1 2025, compared to a positive net cash flow of ¥65,423,433.27 in Q1 2024[24]. - Cash inflow from investing activities totaled ¥621,083,531.09 in Q1 2025, down from ¥802,755,487.96 in Q1 2024, indicating a decrease of approximately 22.6%[24]. - Cash outflow from investing activities increased to ¥918,393,278.60 in Q1 2025 from ¥737,332,054.69 in Q1 2024, an increase of about 24.6%[24]. - The net cash flow from financing activities was -¥146,475.00 in Q1 2025, compared to -¥29,760,770.04 in Q1 2024, indicating a slight improvement[24]. - The ending balance of cash and cash equivalents was ¥80,451,583.79 in Q1 2025, down from ¥112,449,746.20 in Q1 2024[24]. - The company experienced a net decrease in cash and cash equivalents of -¥279,471,083.73 in Q1 2025, contrasting with a net increase of ¥116,933.86 in Q1 2024[24]. - The company reported a cash inflow from sales of goods and services of ¥125,397,212.82 in Q1 2025, compared to ¥90,871,638.85 in Q1 2024, reflecting a growth of approximately 38.0%[23]. Research and Development - R&D investment totaled CNY 27,591,362.19, an increase of 23.24% from CNY 22,388,803.05, accounting for 25.31% of operating revenue, up from 21.47%[2][3]. - R&D expenses in Q1 2025 amounted to CNY 27,591,362.19, an increase of 23.8% compared to CNY 22,388,803.05 in Q1 2024[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,530,067,670.07, a 1.84% increase from CNY 1,502,359,846.45 at the end of the previous year[3]. - Total liabilities increased to CNY 137,327,607.34 from CNY 70,560,367.90 year-over-year[15]. - The company's equity attributable to shareholders was CNY 1,392,740,062.73, down from CNY 1,431,799,478.55 in the previous year[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,750[8]. - The largest shareholder, Feng Chen, holds 37.64% of the shares, totaling 38,495,035 shares[8]. - The total number of unrestricted circulating shares held by the top ten shareholders includes significant holdings from various investment partnerships and funds[9]. - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[10]. - The company has not disclosed any related party transactions among the shareholders listed[10]. Other Comprehensive Income - The company reported non-recurring gains of CNY 7,380,805.76, after accounting for tax effects[6]. - Other comprehensive income after tax for Q1 2025 was CNY 2,978.99, reflecting a slight increase compared to the previous year[20].

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 ...

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 ...

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].