证券日报网讯 2月12日，慧智微在互动平台回答投资者提问时表示，公司近两年来未直接向欧盟国家出 口产品，目前业务重心集中于国内市场，并大力拓展海外安卓客户。公司将持续深化海外市场的多元化 拓展力度，着力培育全新业绩增长点，稳步提升全球化综合竞争力。 ...

格隆汇2月12日丨慧智微(688512.SH)在投资者互动平台表示，公司将努力提升经营水平，改善公司经营 业绩，尽早实现扭亏为盈。一方面，公司在海外安卓客户持续稳定出货；另一方面，公司Phase8L全集 成L-PAMiD产品在国内手机品牌客户的高端旗舰机型规模量产，为公司带来了显著的增量收入。随着 与这些客户合作的深入以及市场份额的提升，将对公司未来收入及毛利水平带来正向帮助。 ...

Core Viewpoint - The next-generation mobile communication technology, 6G, is not yet at the stage of commercialization, according to the company [1] Group 1: Company Insights - The company's technology is currently primarily applied in the 4G and 5G fields [1] - The company continues to optimize and iterate its technology in line with the evolution of wireless communication [1]

格隆汇2月12日丨慧智微(688512.SH)在投资者互动平台表示，公司暂无车载星链射频模块的专项研发计 划。 ...

格隆汇2月12日丨慧智微(688512.SH)在投资者互动平台表示，公司近两年来未直接向欧盟国家出口产 品。公司将持续深化海外市场的多元化拓展力度，着力培育全新业绩增长点，稳步提升全球化综合竞争 力。 （原标题：慧智微(688512.SH)：公司近两年来未直接向欧盟国家出口产品） ...

格隆汇2月12日丨慧智微(688512.SH)在投资者互动平台表示，公司向三星供货为正常商业合作，目前无 被三星收购股权的相关计划。 ...

格隆汇2月12日丨慧智微(688512.SH)在投资者互动平台表示，公司暂无车载星链射频模块的专项研发计 划。 ...

Core Viewpoint - The company, Guangzhou Huizhi Microelectronics Co., Ltd., specializes in the research, design, and sales of RF front-end chips and modules, with a significant focus on 5G technology and benefiting from the depreciation of the RMB [2][4]. Group 1: Company Overview - The main business of the company includes the development, design, and sales of RF front-end chips and modules, with key products in the 5G and 4G frequency bands [2][8]. - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, indicating its strong market position and technological capabilities [2]. - As of September 30, the company had 17,700 shareholders, an increase of 9.39% from the previous period, with an average of 18,296 circulating shares per person, a decrease of 8.59% [8]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 568 million yuan, representing a year-on-year growth of 48.04%, while the net profit attributable to the parent company was -122 million yuan, reflecting a year-on-year increase of 58.98% [8]. - The company's overseas revenue accounted for 98.18% of total revenue, benefiting from the depreciation of the RMB [4]. Group 3: Shareholder and Market Activity - The National Integrated Circuit Industry Investment Fund holds 26.03 million shares, accounting for 5.75% of the total share capital [3]. - The stock has a current market capitalization of 5.639 billion yuan, with a trading volume of 68.0793 million yuan and a turnover rate of 1.75% [1].

Core Insights - The RF front-end module is a critical subsystem that directly impacts terminal communication quality, driven by the acceleration of global 5G commercialization and the increasing demand for multi-band compatibility in terminals [1][5] - The global market for RF front-end modules is projected to reach $14.881 billion by 2025, with modules accounting for nearly 70% of the market share [5] - China's RF front-end market is expected to grow from 22.9 billion yuan in 2020 to 33.6 billion yuan in 2024, and is projected to exceed 53 billion yuan by 2029, becoming the largest regional market globally [6][7] Industry Overview - RF front-end modules (RFFE) serve as the core components in wireless communication systems, integrating multiple RF devices into a single package to perform essential tasks such as signal processing [2][4] - The classification of RF front-end modules includes power amplifiers, low-noise amplifiers, filters, RF switches, and duplexers, among others, catering to various application scenarios [3] Market Dynamics - The demand for RF front-end devices is increasing due to the rapid commercialization of 5G, with a notable rise in the need for high-end products associated with key technologies like millimeter-wave communication [5] - The global RF front-end market is expected to grow at a compound annual growth rate (CAGR) of approximately 3.4% from 2025 to 2030, reaching $17.5 billion by 2030 [5] China's Market Growth - China's RF front-end market is experiencing rapid growth, driven by the acceleration of 5G commercialization, the rise of domestic smartphone brands, and the expansion of emerging applications like IoT [6][10] - The domestic market's growth is supported by policies promoting the semiconductor industry, which have created a robust support system for the RF front-end module sector [4] Industry Chain Analysis - The RF front-end module industry chain in China includes upstream suppliers of EDA design software and semiconductor materials, with domestic breakthroughs in certain areas [8] - Midstream focuses on module design, manufacturing, and testing, with local companies narrowing the technology gap with international giants [8] Competitive Landscape - The current market landscape shows a coexistence of international dominance and domestic breakthroughs, with major international companies holding about 76% of the global market share [12] - Domestic companies like Weijie Chuangxin, Huizhiwei, and Zhuoshengwei are gradually increasing their market share through continuous R&D and technological advancements [12] Future Development Trends - The RF front-end module industry in China is expected to develop along three main lines: technology, industry, and application, focusing on high integration and energy efficiency [13] - The trend of domestic substitution will deepen, with local companies aiming to penetrate high-end markets and enhance their competitiveness [14] - Application scenarios are expanding from consumer electronics to various fields, including smart vehicles and satellite internet, creating new growth opportunities [16]

Core Viewpoint - The company, Guangzhou Huizhi Microelectronics Co., Ltd., specializes in the research, design, and sales of RF front-end chips and modules, with a significant focus on 5G technology and a strong market position as a "specialized, refined, distinctive, and innovative" enterprise [2][8]. Group 1: Company Overview - The main business of the company includes the development, design, and sales of RF front-end chips and modules, with key products in the 5G and 4G frequency bands [2][8]. - The company was established on November 11, 2011, and went public on May 16, 2023 [8]. - As of September 30, the company had 17,700 shareholders, an increase of 9.39% from the previous period [8]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 568 million yuan, representing a year-on-year growth of 48.04% [8]. - The net profit attributable to the parent company was -122 million yuan, showing a year-on-year increase of 58.98% [8]. - The company's overseas revenue accounted for 98.18%, benefiting from the depreciation of the RMB [4]. Group 3: Market Position and Recognition - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title in China for small and medium-sized enterprises [2]. - The National Integrated Circuit Industry Investment Fund holds 26.03 million shares, accounting for 5.75% of the total share capital [3]. Group 4: Technical Analysis - The average trading cost of the stock is 11.74 yuan, with recent chip reduction slowing down [7]. - The current stock price is near a resistance level of 12.21 yuan, indicating potential for a price correction if this level is not surpassed [7].