Group 1 - The company, Guangzhou Huizhi Microelectronics Co., Ltd., forecasts an annual revenue of between 800 million and 860 million yuan for the year 2025 [3] - The company expects a net loss attributable to shareholders of between 235 million and 168 million yuan for the year 2025 [4] - The net loss after deducting non-recurring gains and losses is projected to be between 330 million and 263 million yuan for the year 2025 [4] Group 2 - In the same period last year, the company reported a revenue of 523.99 million yuan and a net loss attributable to shareholders of 438.42 million yuan [6] - The company has improved its overall operating performance compared to the same period last year, with revenue growth and a reduction in the scale of losses [7] - Key factors for the performance improvement include product structure optimization, increased production and shipment of new products, and a rise in government subsidies [7]

Core Viewpoint - The company Huizhiwei (688512.SH) expects to achieve an annual revenue of between 800 million to 860 million yuan in 2025, while projecting a net loss attributable to shareholders of the parent company between 235 million to 168 million yuan for the same year [1] Financial Performance - The company reported significant improvement in overall operating performance compared to the same period last year, with revenue growth and a reduction in the scale of losses [1] - The main reasons for the performance changes include continuous product structure optimization and successful mass production of the Phase8L fully integrated L-PAMiD product in leading domestic Android flagship models [1] - Revenue from overseas Android customers for products such as 5GMMMB and L-PAMiF has steadily increased, contributing to revenue growth [1] Cost Management and Profitability - The company improved gross profit levels by optimizing product structure and reducing procurement costs, leading to an increase in sales profit compared to the previous year [1] - Government subsidies related to revenue have increased year-on-year, while research and development expenses have decreased compared to the previous year [1] - These combined factors have resulted in a reduction in net losses compared to the same period last year [1]

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]

Core Viewpoint - The company Huizhiwei (688512.SH) expects to achieve an annual revenue of between 800 million to 860 million yuan in 2025, while projecting a net loss attributable to shareholders of the parent company between 235 million to 168 million yuan for the same year [1] Financial Performance - The company reported significant improvement in overall operating performance compared to the same period last year, with revenue growth and a reduction in the scale of losses [1] - The main reasons for the performance changes include continuous product upgrades and customer expansion in the radio frequency front-end chip business [1] Product Development - The Phase8L fully integrated L-PAMiD product has achieved mass production and shipment in leading domestic Android flagship models, while products like 5GMMMB and L-PAMiF have seen steady shipment increases with overseas Android customers [1] - The optimization of product structure and reduction in procurement costs have improved gross profit levels, contributing to an increase in sales profit compared to the previous year [1] Government Support and R&D - The company has confirmed an increase in government subsidies related to revenue, while R&D expenses have decreased compared to the previous year [1] - These combined factors have led to a reduction in net losses compared to the same period last year [1]

Financial Projections - The company expects to achieve an annual revenue of between 800 million and 860 million yuan for 2025[4] - The projected net loss attributable to shareholders for 2025 is estimated to be between 235 million and 168 million yuan[4] - The net loss attributable to shareholders after deducting non-recurring gains and losses is expected to be between 330 million and 263 million yuan[4] Previous Year Performance - The previous year's revenue was 523.99 million yuan, with a net loss of 438.42 million yuan[6] - The company has improved its product structure, leading to a significant reduction in the scale of losses compared to the previous year[8] Product Development and Market Growth - The Phase8L integrated L-PAMiD product has achieved mass production and shipment in high-end flagship Android models in China[8] - The company has seen steady growth in shipments of 5G MMMB and L-PAMiF products to overseas Android customers[8] Financial Data and Risks - Government subsidies related to revenue have increased year-on-year, while R&D expenses have decreased compared to the previous year[8] - The company emphasizes that the financial data is preliminary and has not been audited by registered accountants[5] - Investors are advised to pay attention to investment risks as the data is subject to change in the official 2025 annual report[10]

Core Viewpoint - The company expects to achieve revenue of 800 to 860 million yuan in 2025, an increase from 524 million yuan in the same period last year, while narrowing its net loss significantly [1] Revenue and Profit Forecast - Projected revenue for 2025 is between 800 million and 860 million yuan, compared to 524 million yuan in the previous year [1] - The net profit attributable to the parent company is expected to be between -235 million and -168 million yuan, improving from -438 million yuan year-on-year [1] - The non-recurring net profit is forecasted to be between -330 million and -263 million yuan, compared to -474 million yuan in the same period last year [1] Factors Influencing Performance - The performance improvement is primarily attributed to product structure optimization and the mass production and shipment of the Phase8L product [1] - Increased shipments of 5GMMMB and L-PAMiF products have contributed to revenue growth [1] - Improvements in gross margin, increased government subsidies, and reduced R&D expenses have led to a narrowing of net losses [1]

Shareholder Reductions - Zhishang Technology's shareholders Liu Dongsheng and Liu Dongli plan to reduce their holdings by no more than 3% [1] - Hengtian Hailong's shareholder Hengtian Group intends to reduce its holdings by no more than 3% [1] - Shouchuang Securities' shareholder Chengshi Dongli plans to reduce its holdings by no more than 27.245 million A-shares [1] - Olin Bio's shareholder Taichang Group intends to reduce its holdings by no more than 6 million shares [1] - Juhe Materials' shareholder Changzhou Pengji plans to reduce its holdings by no more than 1.2297% [1] - Fuzhijie Technology's actual controller and its concerted actors plan to reduce their holdings by no more than 1% [1] - Sanjiang Shopping's shareholder Alizetai has reduced 6.1653 million shares through block trading [1] - Aonong Bio's shareholders including Foreign Trade Trust, Xiamen Trust, and Beijing Yawen plan to reduce their holdings by no more than 1% [1] - Dongfang Communication has cumulatively reduced 2.6 million shares of Changxin Bochuang [1] - XG Group has cumulatively reduced 473,900 shares [1] - Jiazhe New Energy's GLP has cumulatively reduced 1.08% of the company's shares [1] - Tuojing Technology's shareholder National Integrated Circuit Fund has cumulatively reduced 2.99% of its shares through block trading [1] - Huizhiwei's shareholder Great Fund Phase II has cumulatively reduced 0.57542% of the company's shares [1] Other Notable Events - ST Nachuan's stock trading may be subject to delisting risk warning [1] - Gao Meng New Materials' actual controller and vice chairman Xiong Haitao has been detained [1]

（文章来源：证券日报） 证券日报网讯 1月27日，慧智微发布公告称，国家集成电路产业投资基金二期股份有限公司于2026年1 月12日至1月27日通过集中竞价减持公司2，686，331股，占当前总股本0.57542%，减持后持股23， 342，117股，占总股本4.99999%，不再是持股5%以上股东。 ...

证券代码：688512 证券简称：慧智微 公告编号：2026-001 广州慧智微电子股份有限公司 重要内容提示： 一、本次权益变动基本情况 信息披露义务人本次权益变动系：一是通过上海证券交易所集中竞价减持其所持 有的公司股份，二是因公司股权激励行权导致总股本增加后持股比例被动稀释。具体 变动情况如下： （一）信息披露义务人基本情况 本次权益变动属于广州慧智微电子股份有限公司（以下简称"公司"）持股 5%以上股东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"）实施已披露的股份减持计划及持有股份被动稀释，不触及要约收购。 股东大基金二期所持股份来源于IPO前取得。本次权益变动后，大基金二期持 有公司23,342,117股，占公司总股本的4.99999%，不再是公司持股5%以上的股 东。 本次权益变动为持股5%以上非第一大股东减持及被动稀释，不会导致公司控 股股东、实际控制人发生变化。 | 公司名称 | 国家集成电路产业投资基金二期股份有限公司 | | --- | --- | | 注册地址 | 北京市北京经济技术开发区景园北街2号52幢7层701-6 | | 法定代表人 张新 | | | 注册资 ...

股份变动性质：股份减少、被动稀释 签署日期：2026 年 1 月 27 日 广州慧智微电子股份有限公司 简式权益变动报告书 上市公司名称：广州慧智微电子股份有限公司 股票简称：慧智微 1 股票代码：688512 股票上市地点：上海证券交易所 信息披露义务人：国家集成电路产业投资基金二期股份有限公司 住所及通讯地址：北京市西城区真武庙 1 号职工之家 C 座 21-23 层 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购管理办法》"）、《公开发行证 券的公司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准 则 15 号》"）及其他相关的法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人公司章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购管理办法》《准则 15 号》的规定，本报告书已 全面披露信息披露义务人在广州慧智微电子股份有限公司中拥有权益的股份变 动情况。 四、截至本报告书签署日，除本报告书披露的持股信息 ...