Core Viewpoint - The stock of SiRuPu Microelectronics has experienced fluctuations, with a notable decline of 2.03% on November 20, 2023, despite a year-to-date increase of 65.60% [1][2]. Group 1: Stock Performance - As of November 20, 2023, SiRuPu's stock price is 153.18 CNY per share, with a market capitalization of 21.11 billion CNY [1]. - The stock has seen a net outflow of 11.17 million CNY in principal funds, with significant selling pressure in large orders [1]. - Over the past five trading days, the stock has decreased by 8.18%, while it has increased by 1.24% over the last 20 days and 4.98% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, SiRuPu reported a revenue of 1.53 billion CNY, representing a year-on-year growth of 80.47%, and a net profit attributable to shareholders of 126 million CNY, up 227.64% [2]. - Since its A-share listing, SiRuPu has distributed a total of 90.99 million CNY in dividends, with 24.76 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders has increased by 57.25% to 18,100, while the average number of circulating shares per person has decreased by 36.41% to 7,321 shares [2]. - The top ten circulating shareholders include notable funds, with changes in holdings observed among several key investors [3].

Core Viewpoint - The stock price of SiRuPu has experienced fluctuations, with a year-to-date increase of 69.61% but a recent decline of 4.02% over the past five trading days [2] Group 1: Stock Performance - As of November 19, SiRuPu's stock price was 156.89 CNY per share, with a market capitalization of 21.62 billion CNY [1] - The stock has seen a trading volume of 1.53 billion CNY and a turnover rate of 0.72% [1] - Year-to-date, SiRuPu's stock has risen by 69.61%, with a recent 4.02% drop over the last five trading days [2] Group 2: Financial Performance - For the period from January to September 2025, SiRuPu reported a revenue of 1.531 billion CNY, representing a year-on-year growth of 80.47% [2] - The net profit attributable to shareholders for the same period was 126 million CNY, showing a significant increase of 227.64% year-on-year [2] Group 3: Shareholder Information - As of September 30, 2025, SiRuPu had 18,100 shareholders, an increase of 57.25% from the previous period [2] - The average number of circulating shares per shareholder decreased by 36.41% to 7,321 shares [2] - The company has distributed a total of 90.985 million CNY in dividends since its A-share listing, with 24.76 million CNY distributed over the last three years [3] Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included notable funds such as Galaxy Innovation Mixed A and Wan Jia You Xuan, with varying changes in their holdings [3]

Core Insights - The company has been recognized for its outstanding performance in board operations and innovation, receiving the "Best Practice Case for Board of Directors of Listed Companies in 2025" award from the China Listed Companies Association [1] Governance Structure - The company has continuously improved its governance system, establishing a diversified governance structure centered on a professional board, supported by diversified shareholder capital, and ensuring effective balance [3] - Under the strategic guidance of the board, the company successfully completed the acquisition of Chuangxin Micro, utilizing a "differentiated valuation + convertible bond payment" scheme, marking it as the first case on the Sci-Tech Innovation Board [3] - The company has received an A-level evaluation for information disclosure from the Shanghai Stock Exchange and has been included in the "Best Practice Case for Investor Relations Management" by the China Listed Companies Association, reflecting the board's excellence in strategic layout, innovative practices, and risk prevention [3] Future Outlook - The company plans to uphold the governance philosophy of "diversified co-governance and professional decision-making," further solidifying its governance foundation and enhancing strategic foresight [4] - The company aims to continuously improve its medium- and long-term incentive mechanisms, promote technological research and development, and integrate industries [4] - The company is committed to becoming a respected leader in the semiconductor industry for analog and mixed-signal solutions, creating sustainable long-term value for customers, employees, shareholders, and society [4]

Core Viewpoint - SiRuPu's stock price has shown significant volatility, with a year-to-date increase of 73.31%, but a recent decline of 2.02% on November 18, indicating potential market fluctuations and investor sentiment shifts [1] Financial Performance - For the period from January to September 2025, SiRuPu achieved a revenue of 1.531 billion yuan, representing a year-on-year growth of 80.47% [2] - The net profit attributable to shareholders for the same period was 126 million yuan, marking a substantial increase of 227.64% year-on-year [2] Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased by 57.25% to 18,100, while the average number of circulating shares per person decreased by 36.41% to 7,321 shares [2] - The company has made cumulative cash distributions of 90.9851 million yuan since its A-share listing, with 24.7603 million yuan distributed over the past three years [3] Stock Trading and Market Position - On November 18, SiRuPu's stock traded at 160.31 yuan per share, with a total market capitalization of 22.091 billion yuan [1] - The stock has been featured on the "Dragon and Tiger List" twice this year, with the most recent appearance on April 15 [1] Ownership Structure - As of September 30, 2025, the top ten circulating shareholders included notable funds, with Galaxy Innovation Mixed A holding 6.2 million shares, a decrease of 292,000 shares from the previous period [3] - Hong Kong Central Clearing Limited entered as a new shareholder, holding 2.24 million shares [3]

Core Viewpoint - The stock price of SiRuPu has experienced fluctuations, with a year-to-date increase of 74.49% but a recent decline of 3.22% over the last five trading days [2] Company Overview - SiRuPu Microelectronics Technology Co., Ltd. was established on April 23, 2012, and went public on September 21, 2020. The company is located in the Shanghai Free Trade Zone and specializes in the research and sales of analog integrated circuit products [2] - The main revenue composition includes 67.70% from signal chain analog chips and 32.25% from power analog chips, with other sources contributing 0.05% [2] Financial Performance - For the period from January to September 2025, SiRuPu achieved a revenue of 1.531 billion yuan, representing a year-on-year growth of 80.47%. The net profit attributable to shareholders was 126 million yuan, reflecting a significant increase of 227.64% [2] - Since its A-share listing, SiRuPu has distributed a total of 90.9851 million yuan in dividends, with 24.7603 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for SiRuPu reached 18,100, an increase of 57.25% from the previous period. The average number of circulating shares per shareholder decreased by 36.41% to 7,321 shares [2] - The top ten circulating shareholders include notable funds such as Galaxy Innovation Mixed A and Wan Jia You Xuan, with some shareholders reducing their holdings [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Insights - The company has achieved significant revenue growth across four major application markets, with a reported revenue of 1.531 billion yuan for the first three quarters, representing a year-on-year increase of 80.47%. The net profit attributable to the parent company reached 126 million yuan, an increase of 225 million yuan compared to the same period last year [4] - The automotive market has seen substantial growth due to increased product volume and a rise in scale revenue customers, particularly in key application areas such as three electric systems, body control, lidar, and lighting [4] - The company is focusing on high-value products in the optical module sector, with several analog chip products achieving large-scale shipments. New products for general and AI server markets are also being introduced [5] Financial Projections - Revenue projections for the company are estimated at 2.113 billion yuan for 2025, 2.838 billion yuan for 2026, and 3.489 billion yuan for 2027, with net profits expected to be 190 million yuan, 339 million yuan, and 480 million yuan respectively [6][8] - The company is expected to maintain a strong growth trajectory, with revenue growth rates of 73.22% in 2025, 34.34% in 2026, and 22.94% in 2027 [8]

Group 1 - The company announced the election of a staff representative director, Mr. Zhang Mingquan, during the employee representative assembly held on November 13, 2025, with unanimous approval from all employee representatives [1][2] - Mr. Zhang Mingquan, previously a non-staff representative director, will serve as the staff representative director until the end of the current board's term [2] - The board composition remains compliant with regulations, ensuring that the number of directors who are also senior management and staff representatives does not exceed half of the total board members [2] Group 2 - The third extraordinary general meeting of shareholders was held on November 13, 2025, at a designated location in Shanghai [6] - All resolutions presented during the meeting were approved, with no proposals being rejected [6][8] - The meeting was conducted in accordance with the Company Law and the company's articles of association, with all board members and supervisors present [7][9]

Core Points - The company, Si Rui Pu, announced the election of Mr. Zhang Mingquan as the employee representative director during the employee representative assembly held on November 13, 2025 [2] Summary by Category - **Company Announcement** - Si Rui Pu held an employee representative assembly on November 13, 2025, to review and approve the election of Mr. Zhang Mingquan as the employee representative director [2] - The term for Mr. Zhang Mingquan will last from the date of approval until the end of the fourth board of directors' term [2]

| 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-070 | | --- | --- | --- | | 转债代码：118500 | 转债简称：思瑞定转 | | 思瑞浦微电子科技（苏州）股份有限公司 关于选举职工代表董事的公告 附件：第四届董事会职工代表董事张明权简历 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。 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）根据《中华 人民共和国公司法》（以下简称《公司法》）、《思瑞浦微电子科技（苏州）股份有 限公司章程》（以下简称《公司章程》）等有关规定，公司董事会成员中应包含一 名职工代表董事。公司于 2025 年 11 月 13 日召开职工代表大会，会议的召开及 表决程序符合职工代表大会决策的有关规定，经民主讨论、表决，全体职工代表 一致审议通过了《关于选举职工代表董事的议案》，同意选举张明权先生（简历 详见附件）为公司职工代表董事，任期自本次职工代表大会审议通过之日起至公 司第四届董事会任期届满之日止。 思瑞浦微电子科技（苏州）股份有限公司董事 ...

!"#$%&'()*+ , - ./012345%67(89:;<= 2025 >?@ABC8DE F G#HIJ 上海市山西北路 99 号苏河湾中心 25-28 层 邮编：200085 25-28/F, Suhe Centre, No.99 North Shanxi Road, Shanghai 200085, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 二零二五年十一月 国浩律师（上海）事务所 关于思瑞浦微电子科技（苏州）股份有限公司 2025 年第三次临时股东会之 法律意见书 致：思瑞浦微电子科技（苏州）股份有限公司 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）2025 年第三 次临时股东会于 2025 年 11 月 13 日召开。国浩律师（上海）事务所（以下简称 "本所"）经公司聘请，委派律师出席现场会议，并根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"） 等法律、法规及中国证券监督管理 ...