Core Insights - The recent announcements from the Shanghai Stock Exchange highlight significant movements in the semiconductor industry, particularly regarding the National Integrated Circuit Industry Investment Fund (National Big Fund) and its plans to reduce holdings in various companies, including Anlu Technology [1][2][3] Group 1: National Big Fund's Actions - Anlu Technology announced that shareholders, including the National Big Fund, plan to reduce their holdings by up to 4% of the total shares, with the National Big Fund specifically reducing up to 8.02 million shares, representing no more than 2% of total shares [1][2] - Other semiconductor companies, such as Hushi Industry and Huizhiwei, have also disclosed similar reduction plans, indicating a broader trend of the National Big Fund's divestment across the semiconductor sector [2][3] - The National Big Fund's recent actions are interpreted not merely as negative signals but as indicators of the maturation and confidence of China's semiconductor industry under national strategic capital [1][2] Group 2: Financial Performance and Future Outlook - Anlu Technology's 2025 performance forecast indicates a year-on-year revenue decline and continued net losses, although a recovery trend is noted from the second quarter onward [2] - Hushi Industry's announcement revealed a planned reduction of up to 3% of its total shares by the National Big Fund, following a previous reduction that raised approximately 1.26 billion yuan [2] - The National Big Fund's first phase, established in 2014, is now in a phase of investment recovery, having supported key companies in the semiconductor sector, which are now becoming self-sustaining and competitive [4][5] Group 3: Investment Strategy and Future Funds - The National Big Fund operates with a market-oriented approach, with its first phase focusing on chip manufacturing and the second phase targeting semiconductor equipment and materials [4][5] - The second and third phases of the National Big Fund are actively investing in strategic areas of the semiconductor industry, with the second phase entering a "dual investment and exit" phase while the third phase accelerates investments in core technologies [5][6]

Core Viewpoint - The National Integrated Circuit Industry Investment Fund (referred to as "National Big Fund") has been actively reducing its holdings in the semiconductor sector since the beginning of the year, which has drawn significant market attention [1] Group 1: Fund Reduction Activities - On February 8, Anlu Technology (688107.SH) announced that the Big Fund Phase I plans to reduce its holdings by no more than 2% of the company's total share capital within the next three months [1] - This marks the third time since 2025 that Anlu Technology has faced a reduction plan from the Big Fund [1] - Other semiconductor companies such as Hu Silicon Industry (688126.SH), Tailin Micro (688591.SH), and Huizhi Micro (688512.SH) have also recently disclosed the latest reduction progress or plans from the Big Fund [1] Group 2: Long-term Strategy - Despite the frequent short-term reduction activities, the industry generally views this as a normal exit behavior for an investment fund, indicating that the strategic direction of supporting domestic growth and facilitating domestic substitution remains unchanged [1]

Core Viewpoint - Several shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership and investor sentiment in the market [1] Shareholder Reductions - Xuelang Environment's shareholders Yang Jianping and Xu Huifen plan to reduce their holdings by no more than 3% [1] - Dajia Weikang's actual controller's concerted actors also intend to reduce their stakes by no more than 3% [1] - Zhongfutong's shareholders, including Changde Zhongke, Zhejiang Zhongke, and Jinjiang Ronglei, plan to collectively reduce their holdings by no more than 0.68% [1] - Huitong Technology's directors Zhong Ming and Yang Jian plan to reduce their stakes by no more than 1.64% [1] - Shuangjie Electric's director Xu Zhuan intends to reduce his holdings by no more than 378.9 thousand shares [1] - Hu Silicon Industry's shareholder investment fund plans to reduce its holdings by no more than 99.15 million shares [1] - Zhongji United's director and senior vice president Ma Dongsheng plans to reduce his holdings by no more than approximately 110 thousand shares [1] - Lushan New Materials' shareholders Lushan Information and Wang Jiasheng plan to collectively reduce their stakes by no more than 3% [1] - Zhidi Technology's Zhikong Investment plans to reduce its holdings by no more than 24.18 thousand shares [1] - Yinxin Technology's directors and senior management plan to collectively reduce their holdings by no more than 242.7 thousand shares [1] - Huizhi Micro's shareholder Great Fund Phase II plans to reduce its holdings by 0.57542% [1] - Jingda Shares' shareholder Li Guangrong and concerted actors have already collectively reduced their holdings by 64.3 million shares [1] - Huashu High-tech's shareholder Xingwang Construction has reduced its holdings by 236.81 thousand shares [1] Regulatory Actions - Tiansheng New Materials is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure [1] - Yahui Long is also under investigation by the CSRC for suspected violations of information disclosure [1]

每经AI快讯，慧智微2月6日晚间发布公告称，近日，公司收到股东大基金二期出具的《股份减持结果 告知函》，大基金二期在减持计划期间内通过集中竞价合计减持所持公司股份约269万股，占公司总股 本的0.57542%。减持计划完成 每经头条（nbdtoutiao）——目标是囤700吨黄金！连续两年增持黄金最多的央行宣布：再买150吨 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 （记者 胡玲） ...

Group 1 - The core point of the article is that Huizhiwei (688512.SH) announced the completion of a share reduction plan by its shareholder, the National Integrated Circuit Industry Investment Fund II (大基金二期) [1] - The shareholder reduced its holdings by a total of 2.6863 million shares, which represents 0.57542% of the company's total share capital [1]

证券代码：688512 证券简称：慧智微 公告编号：2026-003 广州慧智微电子股份有限公司 股东减持股份结果公告 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。 重要内容提示： 股东持股的基本情况 本次减持计划实施前，华芯投资管理有限责任公司－国家集成电路产业投资 基金二期股份有限公司（以下简称"大基金二期"）持有广州慧智微电子股份有限 公司（以下简称"公司"）股份 26,028,448 股，占公司股份总数的 5.58%。前述股 份来源于公司首次公开发行股票并上市前持有的股份，已于 2024 年 7 月 22 日解 除限售并上市流通。 减持计划的实施结果情况 公司于 2025 年 10 月 16 日在上海证券交易所网站（www.sse.com.cn）披露 了《广州慧智微电子股份有限公司持股 5%以上股东减持股份计划公告》（公告编 号：2025-039）。大基金二期因自身资金需求，计划于上述公告披露之日起 15 个 交易日后的 3 个月内通过集中竞价方式、大宗交易的方式减持公司股份，合计减 持不超过 4,66 ...

1、经公司财务部门初步测算，广州慧智微电子股份有限公司（以下简称"公司"）预计2025年年度实现 营业收入80,000.00万元到86,000.00万元。 2、预计2025年年度实现归属于母公司所有者的净利润-23,500.00万元到-16,800.00万元。 证券代码：688512 证券简称：慧智微 公告编号：2026-002 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。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 四、风险提示 本次业绩预告是公司财务部门基于自身专业判断进行的初步核算数据，尚未经注册会计师审计。截至本 公告披露日，公司未发现可能影响本次业绩预告内容准确性的重大不确定因素。 五、其他说明事项 本次预告数据仅为公司财务部门初步核算结果，具体准确的财务数据以公司正式披露的2025年年度报告 为准，敬请广大投资者注意投资风险。 特此公告。 3、预计2025年年度实现归属于母公司所有者扣除非经常性损益后的净利润-33,000.00万元到-26,30 ...

格隆汇1月30日丨慧智微(688512.SH)公布，经公司财务部门初步测算，公司预计2025年年度实现营业收 入80,000.00万元到86,000.00万元。预计2025年年度实现归属于母公司所有者的净利润-23,500.00万元 到-16,800.00万元。预计2025年年度实现归属于母公司所有者扣除非经常性损益后的净利润-33,000.00万 元到-26,300.00万元。 报告期内，公司围绕射频前端芯片主业持续推进产品升级与客户拓展，整体经营业绩较上年同期显著改 善，营业收入同比增长，亏损规模持续收窄。公司本期业绩变化的主要原因系公司产品结构不断优化， 其中Phase8L全集成L-PAMiD产品在国内头部安卓高端旗舰机型实现量产出货，5GMMMB、L-PAMiF等 产品在海外安卓客户出货稳步提升，推动公司营业收入实现增长。此外，本期公司通过优化产品结构和 降低采购成本，改善毛利水平，带动销售利润较上年同期增长。同时，确认的与收益相关的政府补助同 比增加，研发费用比上年同期减少。前述因素综合导致净亏损较上年同期减少。 ...

Core Viewpoint - The company Huizhiwei (688512.SH) forecasts a net loss attributable to shareholders of the parent company for the year 2025, estimated between 168 million to 235 million yuan, despite significant improvements in operational performance compared to the previous year [1] Group 1: Financial Performance - The company expects a net loss of 168 million to 235 million yuan for 2025 [1] - The overall operating performance has significantly improved, with revenue increasing year-on-year and the scale of losses continuing to narrow [1] - The reduction in net loss compared to the previous year is attributed to an optimized product structure and increased government subsidies related to revenue [1] Group 2: Product Development and Market Expansion - The company has focused on upgrading products and expanding customer reach in the radio frequency front-end chip sector [1] - The Phase8L fully integrated L-PAMiD product has achieved mass production and shipment in leading domestic Android flagship models [1] - The company has seen steady growth in shipments of products like 5GMMMB and L-PAMiF to overseas Android customers, contributing to revenue growth [1] Group 3: Cost Management and Profitability - The company improved gross profit levels by optimizing product structure and reducing procurement costs [1] - Sales profit has increased compared to the previous year due to these improvements [1] - Research and development expenses have decreased compared to the previous year, further supporting financial performance [1]

报告期内，公司围绕射频前端芯片主业持续推进产品升级与客户拓展，整体经营业绩较上年同期显著改 善，营业收入同比增长，亏损规模持续收窄。公司本期业绩变化的主要原因系公司产品结构不断优化， 其中Phase8L全集成L-PAMiD产品在国内头部安卓高端旗舰机型实现量产出货，5GMMMB、L-PAMiF等 产品在海外安卓客户出货稳步提升，推动公司营业收入实现增长。此外，本期公司通过优化产品结构和 降低采购成本，改善毛利水平，带动销售利润较上年同期增长。同时，确认的与收益相关的政府补助同 比增加，研发费用比上年同期减少。前述因素综合导致净亏损较上年同期减少。 格隆汇1月30日丨慧智微(688512.SH)公布，经公司财务部门初步测算，公司预计2025年年度实现营业收 入80,000.00万元到86,000.00万元。预计2025年年度实现归属于母公司所有者的净利润-23,500.00万元 到-16,800.00万元。预计2025年年度实现归属于母公司所有者扣除非经常性损益后的净利润-33,000.00万 元到-26,300.00万元。 ...