Financial Performance - The company's operating revenue for Q3 2025 was ¥241,328,578.63, a decrease of 4.97% compared to the same period last year[4] - Total profit for the quarter reached ¥91,657,185.75, representing a significant increase of 199.93% year-over-year[4] - Net profit attributable to shareholders was ¥87,346,016.17, up 162.18% from the previous year[4] - The company reported a basic earnings per share of ¥0.68, reflecting a 161.54% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥877,352,321.23, a 24.1% increase from ¥707,229,964.16 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥184,018,556.15, compared to ¥68,639,605.03 in 2024, reflecting a significant growth[20] - Net profit for the first three quarters of 2025 was ¥176,976,941.19, up 133.3% from ¥75,846,806.22 in 2024[21] - Basic earnings per share for the first three quarters of 2025 increased to ¥1.39, compared to ¥0.60 in the same period of 2024[21] - The company reported a total comprehensive income of ¥176,968,900.05 for the first three quarters of 2025, compared to ¥75,844,070.22 in 2024, indicating improved overall performance[21] Research and Development - Research and development expenses totaled ¥75,221,401.41, accounting for 31.17% of operating revenue, an increase of 7.79 percentage points year-over-year[5] - Research and development expenses for the first three quarters of 2025 totaled ¥200,465,735.91, an increase from ¥163,826,343.18 in 2024, indicating a focus on innovation[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,317,574,916.42, an increase of 12.48% from the end of the previous year[5] - Total assets increased to CNY 3,317,574,916.42 as of September 30, 2025, up from CNY 2,949,377,669.30 at the end of 2024, representing a growth of approximately 12.5%[15] - Total liabilities increased to ¥606,055,500.64 in 2025 from ¥462,806,645.48 in 2024, reflecting a growth in financial obligations[20] - Total equity attributable to shareholders reached ¥2,711,519,415.78 in 2025, compared to ¥2,492,243,636.93 in 2024, showing an increase in shareholder value[20] Cash Flow - The company experienced a decline in cash flow from operating activities, which was not applicable for the current period but decreased by 28.43% year-to-date[4] - Cash flow from operating activities for the first three quarters of 2025 was ¥30,549,921.54, down from ¥42,684,497.04 in 2024[22] - The company achieved a net cash inflow from investment activities of ¥1,101,052,430.25 in the first three quarters of 2025, up from ¥772,229,344.34 in 2024, highlighting effective investment strategies[22] - Cash inflow from financing activities totaled $490.51 million, compared to $267.20 million in the previous period, marking an increase of 83.6%[23] - The net cash flow from financing activities was $126.01 million, a significant turnaround from a net outflow of -$8.20 million last year[23] - The ending balance of cash and cash equivalents decreased to $123.86 million from $274.20 million, reflecting a decline of 54.8%[23] Shareholder Information - The company reported a total of 19,176 common shareholders at the end of the reporting period[12] - The largest shareholder, Zhang Lixin, holds 33,447,104 shares, representing 25.47% of total shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[14] Strategic Developments - The company plans to strengthen strategic cooperation with suppliers following the sale of a subsidiary, enhancing its market position[10] - The company has not reported any new strategies or significant developments in product or technology during the reporting period[15] Cash Management - Cash and cash equivalents decreased to CNY 123,855,164.76 from CNY 392,621,594.28, a decline of about 68.4%[15] - Inventory rose to CNY 389,563,893.23, compared to CNY 309,413,300.78, indicating an increase of approximately 25.9%[15] - Short-term borrowings increased to CNY 345,200,888.89 from CNY 233,128,714.43, reflecting a growth of about 48%[16] - Total current assets amounted to CNY 2,873,780,782.71, up from CNY 2,461,264,671.67, marking an increase of approximately 16.7%[15] - Accounts receivable decreased slightly to CNY 151,796,475.17 from CNY 163,818,717.26, a decline of about 7.4%[15] Accounting Standards - The company will not apply new accounting standards starting from 2025[24]

Core Insights - The company reported a third-quarter revenue of 241 million yuan, a year-on-year decrease of 4.97% [1] - The net profit for the third quarter was 87.346 million yuan, showing a significant year-on-year increase of 162.18% [1] - For the first three quarters, the total revenue reached 877 million yuan, reflecting a year-on-year growth of 24.05% [1] - The net profit for the first three quarters amounted to 178 million yuan, which is a year-on-year increase of 130.25% [1]

Group 1 - The core viewpoint of the news is that Chipone Microelectronics has seen a stock price increase of 5.25%, reaching 67.40 CNY per share, with a trading volume of 270 million CNY and a turnover rate of 3.11%, resulting in a total market capitalization of 8.85 billion CNY [1] - Chipone Microelectronics, established on December 23, 2005, and listed on July 22, 2020, is primarily engaged in the research, design, production, sales, and related technical services of electronic components and integrated circuits, with 99.60% of its revenue coming from integrated circuits and 0.40% from other sources [1] Group 2 - From the perspective of major fund holdings, Huian Fund has a significant position in Chipone Microelectronics, with its Huian Multi-Factor Mixed A Fund holding 102,200 shares, accounting for 1.1% of the fund's net value, making it the sixth-largest holding [2] - The Huian Multi-Factor Mixed A Fund, established on April 30, 2019, has a current size of 325 million CNY, with a year-to-date return of 35.6%, ranking 1938 out of 8154 in its category, and a one-year return of 40.06%, ranking 1270 out of 8025 [2] - The fund manager, Liu Yucai, has been in position for 4 years and 300 days, overseeing total assets of 1.222 billion CNY, with the best fund return during his tenure being 49.81% and the worst being -17.08% [2]

Core Viewpoint - The stock of Chipone Technology has shown significant growth in 2023, with a year-to-date increase of 53.44% and a recent rise of 5.56% over the last five trading days [1] Financial Performance - For the first half of 2025, Chipone Technology reported a revenue of 636 million yuan, representing a year-on-year growth of 40.32% [2] - The net profit attributable to shareholders for the same period was approximately 90.49 million yuan, marking a substantial increase of 106.02% year-on-year [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Chipone Technology reached 15,400, an increase of 6.19% compared to the previous period [2] - The average number of circulating shares per shareholder decreased by 5.83% to 8,508 shares [2] Dividend Distribution - Since its A-share listing, Chipone Technology has distributed a total of 200 million yuan in dividends, with 98.64 million yuan distributed over the past three years [3] Market Activity - On October 24, 2023, Chipone Technology's stock price was 65.33 yuan per share, with a trading volume of approximately 29.04 million yuan and a turnover rate of 0.34% [1] - The company experienced a net inflow of main funds amounting to 1.096 million yuan, with significant buying activity from large orders [1]

Core Viewpoint - Chipone Microelectronics is focusing on the technological reserves for the next-generation 800V HVDC centralized power systems, leveraging its expertise in high-voltage integrated semiconductor technology and wide bandgap devices [1] Group 1 - The company has over twenty models of 800V to 1500V ACDC industrial auxiliary power chips in mass production [1] - Chipone is accelerating the development of mixed-signal power and driver chips suitable for the new generation of HVDC data centers based on existing intellectual property [1]

Core Viewpoint - The company is focusing on the technological reserves for the next-generation 800V-HVDC centralized power system, leveraging its expertise in high-voltage integrated semiconductor technology and wide bandgap devices [1] Group 1: Technology and Development - The company has over twenty models of 800V to 1500V ACDC industrial auxiliary power chips in mass production [1] - The company is accelerating the development of mixed-signal power and driver chips suitable for the new generation of HVDC data centers based on existing intellectual property [1]

Core Viewpoint - The company is leveraging its expertise in high-voltage integrated semiconductor technology and wide bandgap devices to meet the demand for the next-generation 800V HVDC centralized power systems [1] Group 1: Technology and Product Development - The company has over twenty models of 800V to 1500V ACDC industrial auxiliary power chips in mass production [1] - The company is accelerating the development of mixed-signal power and driver chips suitable for the new generation of HVDC data centers based on existing intellectual property [1]

Company Overview - Chipone Microelectronics Co., Ltd. is located in Wuxi, Jiangsu Province, China, and was established on December 23, 2005. The company went public on July 22, 2020. Its main business involves the research, design, production, sales, and related technical services of electronic components and integrated circuits. The revenue composition is 99.60% from integrated circuits and 0.40% from other sources [1]. Stock Performance - On October 17, Chipone's stock fell by 5%, trading at 62.49 CNY per share, with a transaction volume of 237 million CNY and a turnover rate of 2.82%. The total market capitalization is 8.206 billion CNY [1]. Fund Holdings - According to data from the top ten holdings of funds, Huian Fund has one fund heavily invested in Chipone Microelectronics. The Huian Multi-Factor Mixed A Fund (006648) held 102,200 shares in the second quarter, accounting for 1.1% of the fund's net value, making it the sixth-largest holding. The estimated floating loss today is approximately 336,200 CNY [2]. Fund Performance - The Huian Multi-Factor Mixed A Fund (006648) was established on April 30, 2019, with a current size of 325 million CNY. Year-to-date, it has achieved a return of 35.68%, ranking 2073 out of 8160 in its category. Over the past year, the return is 46.5%, ranking 1439 out of 8021. Since inception, the fund has returned 108.21% [2]. Fund Management - The fund manager of Huian Multi-Factor Mixed A is Liu Yucai, who has been in the position for 4 years and 293 days. The total asset size under management is 1.222 billion CNY, with the best fund return during his tenure being 45.05% and the worst being -17.08% [3].

Core Viewpoint - On October 16, 2023, Chipone Microelectronics conducted two block trades totaling 320,000 shares, amounting to 19.2 million yuan, with a transaction price of 60.00 yuan, reflecting an 8.79% discount compared to the closing price of the day [2] Trading Activity Summary - The total transaction amount for the four block trades in the last three months reached 59.474 million yuan [2] - The closing price of Chipone Microelectronics on the same day was 65.78 yuan, down 1.28%, with a daily turnover rate of 2.44% and a total trading volume of 2.12 billion yuan [2] - Over the past five days, the stock has declined by 7.57%, with a total net outflow of 148 million yuan [2] Margin Financing Data - The latest margin financing balance for Chipone Microelectronics is 568 million yuan, with an increase of 4.5915 million yuan over the past five days, representing a growth rate of 0.82% [2] Company Background - Chipone Microelectronics Co., Ltd. was established on December 23, 2005, with a registered capital of 1.3131 billion yuan [2]

| 交易日期 | 证券調称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | 类出管业部 | 是否为专场 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-10-16 | 芯膀微 | 688508 | ୧୦ | 1380 | 23 | 有限公司 2017年 | ​​​ | | Ka | | 2025-10-16 | 芯膀微 | 688508 | 60 | 540 | a | 美國電影器盤盤 | 品有美容被忽器播 | | Ka | 10月16日，芯朋微大宗交易成交32万股，成交额1920万元，占当日总成交额的8.3%，成交价60元，较 市场收盘价65.78元折价8.79%。 ...