证券代码：688508 证券简称：芯朋微 公告编号：2025-044 无锡芯朋微电子股份有限公司 关于出售参股公司股权进展的公告 特此公告。 无锡芯朋微电子股份有限公司 2025 年 9 月 6 日 一、 交易情况 2024 年 6 月 21 日，无锡芯朋微电子股份有限公司（以下简称"公司"）与 芯联集成电路制造股份有限公司（以下简称"芯联集成"）签署《发行股份及支 付现金购买资产协议》，公司拟向芯联集成出售所持有的芯联越州集成电路制造 （绍兴）有限公司（以下简称"芯联越州"）1.6667%的股权。 2024 年 9 月 4 日，公司召开第五届董事会第十次会议，审议通过了《关于 出售参股公司股权的议案》并提请公司股东大会审议。 2024 年 9 月 20 日，公司召开 2024 年第四次临时股东大会，审议通过了《关 于出售参股公司股权的议案》，同意公司拟向芯联集成转让所持有的芯联越州 1.6667%的股权，转让价格为 13,586.67 万人民币，其中通过发行股份方式支付的 对价金额为人民币 12,228.00 万元，通过支付现金方式支付的对价金额为人民币 1,358.67 万元。具体信息详见公司在上海证券交 ...

Market Performance - The large fund concept sector increased by 2.8% on September 5, with Baiwei Storage leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Baiwei Storage (688525) closed at 71.66, with a rise of 12.89% and a trading volume of 304,500 shares, amounting to a transaction value of 2.11 billion [1] - Shenzhen South Circuit (002916) closed at 182.25, up 7.97%, with a trading volume of 157,000 shares and a transaction value of 2.75 billion [1] - Jingrui Electronic Materials (300655) closed at 13.20, up 7.76%, with a trading volume of 1,564,100 shares and a transaction value of 2.00 billion [1] - Jiangbolong (301308) closed at 93.59, up 7.72%, with a trading volume of 110,480 shares and a transaction value of 0.95 billion [1] - Other notable stocks include Saiwei Electronics (300456) up 6.87%, Sanan Optoelectronics (600703) up 6.67%, and Guoxin Technology (688262) up 5.66% [1] Fund Flow Analysis - The large fund concept sector saw a net inflow of 83.92 million from institutional investors, while retail investors contributed a net inflow of 620 million [1] - Notable net inflows from individual stocks include Sanan Optoelectronics with 17.8 million and Jingrui Electronic Materials with 13.7 million [2] - Conversely, retail investors showed significant outflows in several stocks, including Baiwei Storage with a net outflow of 127 million and Jingrui Electronic Materials with a net outflow of 94.4 million [2]

芯朋微公告，公司已收到芯联集成支付的股权转让款现金对价部分人民币1358.67万元，股份对价部分 3026.73万股芯联集成股票已登记到账。本次股权转让相关事项已完成。芯朋微拟向芯联集成出售所持 有的芯联越州集成电路制造（绍兴）有限公司1.6667%的股权，转让价格为1.36亿人民币，其中通过发 行股份方式支付的对价金额为人民币1.22亿元，通过支付现金方式支付的对价金额为人民币1358.67万 元。 ...

Core Viewpoint - The company, Wuxi Chipeng Microelectronics Co., Ltd., has shown significant growth in revenue and is actively expanding its product lines and market presence, particularly in the industrial sector, while facing various operational and market risks. Financial Performance - The company achieved operating revenue of 636 million yuan, a year-on-year increase of 40.32%, driven by accelerated penetration of new products and expansion into new markets [2][16] - The net cash flow from operating activities significantly decreased due to increased procurement costs and changes in supplier payment terms [2] - R&D expenditure accounted for 19.69% of operating revenue, with an increase in R&D personnel salaries contributing to the rise in R&D spending [12][22] Stock Issuance - In August 2023, the company issued 17,904,986 shares at a price of 54.11 yuan per share, raising approximately 968.84 million yuan, with a net amount of about 959.88 million yuan after deducting issuance costs [3][24] Risk Factors - The company faces core competitiveness risks due to rapid technological advancements in the integrated circuit design industry, which necessitates continuous R&D investment [12] - Market and operational risks arise from intense competition with established foreign companies and the need for customer certification for new products [13][14] - High supplier concentration poses a risk, as any disruption from key suppliers could impact production and costs [14] Competitive Advantages - The company has developed a robust core technology platform, enabling it to produce a range of power semiconductor products that meet stringent global standards [17][19] - A strong R&D team, comprising 71.77% of the workforce, supports continuous innovation and product development [21][22] - Strategic partnerships with leading manufacturers enhance the company's supply chain efficiency and product reliability [20][22] Product Development - The company has expanded its product offerings to include a comprehensive range of power solutions for various applications, including home appliances and industrial equipment [19][20] - Continuous upgrades to its technology platform have allowed the company to maintain a competitive edge and meet evolving market demands [17][19] Compliance and Governance - The company has established internal systems and controls to ensure compliance with legal and regulatory requirements, enhancing transparency and accountability [5][6] - Ongoing supervision by the sponsoring institution ensures adherence to disclosure obligations and corporate governance standards [4][5]

国泰海通证券股份有限公司 关于无锡芯朋微电子股份有限公司 2025 年半年度持续督导跟踪报告 2 项 目 工作内容 1、建立健全并有效执行持续督导工作制度， 针对公司的具体情况确定持续督导的内容和 重点，督导公司履行有关上市公司规范运作、 信守承诺和信息披露等义务，审阅信息披露文 件及向中国证监会、证券交易所或其他机构提 交的其他文件，并按保荐办法要求承担相关持 续督导工作。 保荐机构已建立健全并有效执行持续督导工 作制度，针对公司的具体情况确定持续督导的 内容和重点，督导公司履行有关上市公司规范 运作、信守承诺和信息披露等义务，审阅信息 披露文件及向中国证监会、证券交易所或其他 机构提交的其他文件，并按保荐办法要求承担 相关持续督导工作。 2、根据上市规则规定，与公司就持续督导期 间的权利义务签订持续督导协议。 保荐机构已与上市公司签署了保荐协议，协议 明确了双方在持续督导期间的权利和义务。 3、协助和督促上市公司建立相应的内部制度、 决策程序及内控机制，以符合法律法规和上市 规则的要求，并确保上市公司及其控股股东、 实际控制人、董事、监事和高级管理人员、核 心技术人员知晓其在上市规则下的各项义务。 保荐机 ...

Core Viewpoint - The company has made significant breakthroughs and mass production in high-voltage, high-reliability AC-DC products, particularly for industrial clients, including server customers [1] Group 1 - The company has developed power chips that are being applied in computing servers [1] - The company’s products include a 12/20-phase digital controller, a 70A DrMOS chip, and a series of high-integration power chips with 48V input, which are in trial and mass production [1] - Some of the power and driver chips developed by the company are utilized in cooling systems [1]

Core Viewpoint - The company has achieved significant breakthroughs and mass production of its high-voltage, high-reliability AC-DC products among industrial clients, including server customers [1] Group 1: Product Development - The company has launched a series of products including a 12/20-phase digital controller, 70ADrMOS chip set, and a high-integration power chip series for 48V input, which are now in trial and mass production [1] - The company has developed high-current EFUSE chips that are also entering trial and mass production [1] Group 2: Application Areas - Some of the company's power and driver chips are being applied in cooling systems [1]

金融界消息 截至2025年8月25日收盘，芯朋微（688508）报收于65.81元，下跌0.95%，换手率8.73%， 成交量11.46万手，成交金额7.60亿元。 通过天眼查大数据分析，无锡芯朋微电子股份有限公司共对外投资了12家企业，参与招投标项目5次， 知识产权方面有商标信息48条，专利信息81条，此外企业还拥有行政许可13个。 资金流向方面，今日主力资金净流出1824.52万元，占比成交额2.4%。其中，超大单净流入882.93万 元、占成交额1.16%，大单净流出2707.45万元、占成交额3.56%，中单净流出流入2576.95万元、占成交 额3.39%，小单净流出752.43万元、占成交额0.99%。 来源：金融界 芯朋微最新一期业绩显示，截至2025中报，公司营业总收入6.36亿元、同比增长40.32%，归属净利润 9049.35万元，同比增长106.02%，扣非净利润6844.16万元，同比增长50.56%，流动比率4.690、速动比 率4.026、资产负债率18.15%。 天眼查商业履历信息显示，无锡芯朋微电子股份有限公司，成立于2005年，位于无锡市，是一家以从事 计算机、通信和其他电子 ...

Core Insights - The article discusses the recent portfolio adjustments made by Dong Chengfei, Vice General Manager of Shanghai Ruijun Asset Management Co., highlighting his investment strategies in the semiconductor and consumer sectors [1][9]. Group 1: Investment Activities - Dong Chengfei initiated a position in Yangjie Technology, investing approximately 133 million yuan, marking a focus on the semiconductor sector [1][4]. - He also entered a new position in Rabbit Baby, acquiring 606,800 shares, which reflects a strategic move towards consumer building materials [1][3]. - Dong reduced his holdings in Chipone Technology and Dinglong Co., indicating a shift from aggressive to defensive strategies [6][7]. Group 2: Company Performance - Yangjie Technology reported a revenue of 3.455 billion yuan and a net profit of 601 million yuan for the first half of the year, with significant year-on-year growth of 20.58% and 41.55% respectively [4]. - Rabbit Baby's revenue for the first half was 3.634 billion yuan, down 7.01% year-on-year, but net profit increased by 9.71% to 268 million yuan, supported by its high dividend payout [3][4]. - Chipone Technology's revenue reached 636 million yuan, a 40.32% increase, with net profit growing by 106.02% to approximately 90 million yuan [7][8]. Group 3: Market Trends - The stock prices of the four companies held by Dong have shown positive performance, with Yangjie Technology and Chipone Technology increasing by 45.96% and 52.86% respectively since the first quarter [2][9]. - Rabbit Baby's stock price rose by 1.47% in the second quarter, while Yangjie Technology's stock price increased by 33.6% during the same period [5][9].

Core Insights - The company reported a significant revenue increase of 40.32% year-on-year, reaching 636 million yuan in H1 2025, with a net profit of 90 million yuan, reflecting a growth of 106.02% [1] - The company is expanding its market share among top customers in key sectors such as smart home appliances, power energy, smart terminals, industrial control, and AI computing [1][3] - The company aims to become a world-class power semiconductor design firm, achieving breakthroughs in new technologies and markets [3] Financial Performance - In H1 2025, the company achieved a substantial revenue increase of 57% in the industrial market, driven by the successful implementation of its diversified strategy in power system solutions [1] - The company reported a sales expense of 8 million yuan, with a sales expense ratio of 1.26%, down by 1.17 percentage points year-on-year [2] - Management expenses were 21 million yuan, with a management expense ratio of 3.30%, decreasing by 0.23 percentage points year-on-year [2] - R&D expenses totaled 125 million yuan, with a R&D expense ratio of 19.65%, down by 3.30 percentage points year-on-year [2] Product Development and Market Strategy - The company has developed nearly 1,800 product models, covering most technology types in power chips, and is a leader in high and low voltage integrated semiconductor technology [3] - The company has transitioned from providing high voltage power management chips to offering comprehensive power system solutions, enhancing customer value and loyalty [3] - New products targeting emerging fields such as renewable energy, robotics, and AI computing are expected to drive significant growth in the next two years [3] Profit Forecast - The company is projected to achieve revenues of 1.231 billion, 1.456 billion, and 1.698 billion yuan from 2025 to 2027, with corresponding net profits of 169 million, 223 million, and 268 million yuan [4] - The projected price-to-earnings ratios for 2025, 2026, and 2027 are 49.14, 37.26, and 30.95, respectively [4]