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Summary of Conference Call Notes Industry Overview - The discussion primarily revolves around the MEMS (Micro-Electro-Mechanical Systems) chip market, which is segmented into consumer-grade, industrial-grade, and strategic navigation applications [1][2][12]. Key Points and Arguments - **Market Competition**: The consumer-grade MEMS market is dominated by international players such as Bosch, Springdale, STMicroelectronics, and TPK, while domestic competition is relatively low with companies like Mixin Technology [1]. - **Impact of Tariffs**: Tariffs on imports from companies like Honeywell create a competitive advantage for domestic players like Xinnong Lianke, as the higher prices of imported products reduce competition [2]. - **Technological Capabilities**: The company has developed high-precision MEMS products suitable for military applications, including rockets and drones, and is focusing on low-cost chip development for specific applications like underground pipeline robots [3][5]. - **High Barriers to Entry**: The MEMS chip industry has significant entry barriers due to the lengthy development and production timelines, which can take 5 to 10 years, making it difficult for new competitors to emerge [6][12]. - **Profit Margins**: The company has achieved a gross margin of 85%, with potential for further improvement due to its efficient production processes and high yield rates [7][10]. - **Client Structure**: The client base is diversified, with over 100 clients primarily from military and research sectors, reducing dependency on any single customer [8]. - **Market Potential**: The total addressable market for MEMS chips is projected to reach approximately $7-8 billion by 2028, with military applications accounting for a significant portion [11][14]. - **Growth Opportunities**: The company is well-positioned to capture market share in high-growth sectors such as commercial aerospace, new energy vehicles, and robotics, with a potential revenue target of $30-40 billion in the long term [15][14]. Additional Important Insights - **R&D Investment**: The company allocates about 25% of its revenue to R&D, which is expected to decrease as revenue grows, enhancing net profit margins [10]. - **Supply Chain Resilience**: The company sources 30-40% of its materials from its parent company, ensuring stability in supply despite potential trade sanctions [6]. - **Market Segmentation**: The MEMS chip market is categorized into existing, new, and replacement markets, with significant opportunities in retrofitting existing military equipment [12][13]. - **Long-term Outlook**: The company is viewed as a strong long-term investment opportunity due to its competitive advantages and the high growth potential of its target markets [15][16]. This summary encapsulates the critical insights from the conference call, highlighting the competitive landscape, market opportunities, and the company's strategic positioning within the MEMS chip industry.

证券代码：688582 证券简称：芯动联科 公告编号：2025-013 安徽芯动联科微系统股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证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： ● 本次会议是否有被否决议案：无 一、会议召开和出席情况 3、董事会秘书林明出席会议，其他高管均列席会议。 二、议案审议情况 （一）非累积投票议案 1、议案名称：《2024年度董事会工作报告》 审议结果：通过 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ （四）表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次会议由董事会召集，由董事长陈丙根主持，以现场投票与网络投票相结合的方式进行表决。会议的 召集、召开与表决符合《公司法》及《公司章程》的规定。 （五）公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席9人； 2、公司在任监事3人，出席3人； 表决情况： ■ 2、议案名称：《2024年度监事会工作报告》 审议结果：通过 表决情况： ■ （一）股 ...

证券代码：688582 证券简称：芯动联科 公告编号：2025-013 安徽芯动联科微系统股份有限公司 2024 年年度股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 4 月 10 日 （二） 股东大会召开的地点：北京市海淀区知春路 7 号致真大厦 A 座 19 层 1901 号公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 152 | | --- | --- | | 普通股股东人数 | 152 | | 2、出席会议的股东所持有的表决权数量 | 249,896,854 | | 普通股股东所持有表决权数量 | 249,896,854 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的 | 62.3796 | | 比例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例 | ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于安徽芯动联科微系统股份有限公司 2024 年年度股东大会的 法律意见书 国枫律股字[2025]A0107 号 致：安徽芯动联科微系统股份有限公司（贵公司） 本所律师根据《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》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《安徽芯动联科微系统股份有限公司章程》（以下简 称"《公司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出 席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 1．本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人 ...

Core Viewpoint - The technology innovation sector, particularly the STAR Market, is experiencing a strong rebound driven by multiple positive signals, including significant policy support and increased capital inflow [1][2]. Group 1: Market Performance - The STAR Market Index ETF, Huatai-PineBridge (589080), saw a sharp rebound, rising nearly 3% and at one point exceeding 4%, with a trading volume surpassing 31 million yuan, indicating a significant increase in trading activity compared to the previous day [1]. - Major component stocks of the STAR Market ETF experienced substantial gains, with Tongyi rising over 18%, and other companies like Xindong Lian Ke and Guokai Military Industry increasing by over 14% [1]. Group 2: Policy and Institutional Support - Recent policies, including stock buybacks and increased investments from state-owned enterprises, are creating a synergistic effect that is expected to enhance the attractiveness of A-share core assets [1][2]. - Guoxin Investment Co. plans to increase its holdings in central enterprise stocks and technology innovation stocks through stock buybacks and special re-loans, with an initial amount of 80 billion yuan [1]. Group 3: Market Outlook - According to China International Capital Corporation (CICC), the risk of further declines in the A-share market is limited, supported by historical trends where state-owned enterprises tend to increase stock holdings during liquidity risk phases [2]. - Guoxin Securities emphasizes that technological self-reliance and autonomy are crucial for overcoming challenges posed by trade conflicts, particularly for the domestic electronics industry [2].

Market Performance - The Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index (000685) surged by 5.26% as of April 9, 2025, with significant gains in constituent stocks such as Chipon Link (688582) up 15.80% and Sierpu (688536) up 10.20% [1] - The BoShi Sci-Tech Chip ETF (588990) increased by 5.91%, with a latest price of 1.54 yuan, and has accumulated a rise of 45.40% since its inception [1] Liquidity and Trading Volume - The BoShi Sci-Tech Chip ETF recorded a turnover rate of 7.92% with a trading volume of 18.02 million yuan [1] - Over the past year, the ETF has averaged a daily trading volume of 46.36 million yuan, ranking in the top three among comparable funds [1] Fund Size and Shares - The BoShi Sci-Tech Chip ETF saw a growth of 2.39 million yuan in size over the past three months, ranking second among comparable funds [1] - The ETF's share count increased by 6 million shares in the last three months, placing it third among comparable funds [1] Fund Flows - The latest net outflow for the BoShi Sci-Tech Chip ETF was 5.84 million yuan, but it has attracted a total of 41.24 million yuan over the last 21 trading days [1] Performance Metrics - As of April 8, 2025, the BoShi Sci-Tech Chip ETF's net value increased by 0.43% over the past six months, ranking 155 out of 3079 index equity funds [2] - The ETF's highest monthly return since inception was 23.77%, with a maximum consecutive monthly gain of 56.55% [2] - The historical probability of profit over a six-month holding period is 100% [2] Sector Insights - Guosen Securities highlighted that the recent escalation in US-China trade tensions could accelerate the domestic substitution process in the semiconductor sector, particularly in the analog chip segment [3] - The report noted that the domestic analog chip companies have increased R&D investments and have the capacity for domestic substitution due to sufficient production capabilities [3] Index Composition - As of March 31, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board Chip Index accounted for 57.96% of the index, with companies like SMIC (688981) and Cambrian (688256) among the leaders [4]

芯动联科、 华岭股份涨超10%， 圣邦股份、 龙芯中科、 紫光国微、 寒武纪涨超5%， 北方华创、 华海 清科、 芯原股份、 沪硅产业等跟涨。 ...

机构简介： 盘京投资成立于2016年，是中国优秀的私募证券投资基金管理人之一，在中国证券投资基金业协会登记 注册的私募证券投资基金管理人编号为P1034296。公司由多位长期业绩卓越、并且具备相同价值观的 资深投资人创办，是一家以合伙人制度为基础，平台化运营的投资管理机构。盘京投资立足中国证券市 场，聚焦中国上市公司投资机会，同时在海外市场尤其是中概股有广泛布局。xa0公司的建设以投研为 导向，以深度产业和个股研究为投资决策唯一依据，搭建领先于同行的内部研究团队。同时，公司拥有 广泛的外部研究资源，与国内各大顶级券商研究所建立了良好的投研服务关系，通过深入研究发掘并收 获根植中国经济的商业和投资机会，依靠扎实的价值判断穿越不同市场周期，坚持运用产业资本思维投 资，期望为客户创造长期可持续的稳定良好回报。 以上内容为证券之星据公开信息整理，由智能算法生成（网信算备310104345710301240019号），不构成投资建议。 根据市场公开信息及4月8日披露的机构调研信息，知名私募盘京投资近期对1家上市公司进行了调研， 相关名单如下： 1）芯动联科 （盘京投资参与公司分析师会议） 调研纪要：安徽芯动联科微系统股 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688582 证券简称：芯动联科 公告编号：2025-011 安徽芯动联科微系统股份有限公司 关于参加2024年度科创板芯片设计环节行业集体业绩说明会的公告 本公司董事会及全体董事保证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： ● 投资者可于2025年4月10日（星期四）至4月16日（星期三）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱ir@numems.com进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 财务总监：白若雪 独立董事：吕昕 （如有特殊情况，参会人员将可能进行调整） 四、投资者参加方式 安徽芯动联科微系统股份有限公司（以下简称"公司"）已于2025年3月18日发布公司《2024年年度报 告》，为便于广大投资者更全面深入地了解公司2024年度经营成果、财务状况，公司计划于2025年4月 17日（星期四）下午15:00-17:00参加2024年度科创板芯片设计环节行业集体业绩说明会，就投资者关心 的问题进行交流。 一 ...