Core Viewpoint - The company has completed the registration of the second batch of shares for the first vesting period of the 2023 restricted stock incentive plan, with a total of 109,260 shares to be listed for trading on May 7, 2025 [2][9]. Summary by Sections Stock Listing and Incentive Plan - The stock listing type is for equity incentive shares, with a total of 109,260 shares to be listed [2]. - The company received the securities change registration certificate from China Securities Depository and Clearing Corporation Limited, Shanghai Branch [2]. Decision-Making Process - On October 10, 2023, the company held its 17th meeting of the first board of directors, approving the draft of the 2023 restricted stock incentive plan and related proposals [2]. - The independent directors expressed clear agreement on the matters discussed [2]. Public Disclosure and Voting Rights - On October 11, 2023, the company disclosed the public solicitation of proxy voting rights for the upcoming extraordinary general meeting [3]. - The names and positions of the proposed incentive objects were publicly announced from October 11 to October 20, 2023, with no objections received [3]. Shareholder Meeting and Approvals - The extraordinary general meeting on October 26, 2023, approved the relevant proposals regarding the incentive plan [4]. - The company disclosed a self-examination report regarding insider trading on October 27, 2023 [4]. Stock Vesting Details - A total of 800,010 shares are eligible for vesting, with 109,260 shares belonging to specific directors and senior management [6]. - The stock source is from the company's directed issuance of A-share common stock [6]. Listing and Trading Restrictions - The shares will be listed for trading on May 7, 2025, with specific transfer restrictions for directors and senior management [7]. - The transfer of shares by directors and senior management is limited to 25% of their total holdings annually during their tenure [7]. Financial Impact - The newly vested shares will not significantly impact the company's financial status, as they represent approximately 0.027% of the total shares before vesting [9]. - The basic earnings per share for the first quarter of 2025 will be diluted based on the new total share count [8][9].

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [1]. Core Insights - The company has demonstrated significant growth in revenue and profitability, with a 291.77% year-on-year increase in Q1 2025 revenue and a return to profitability with a net profit of 44.37 million yuan [4]. - The company is a leader in the MEMS gyroscope field, with a strong performance in various application areas, including high-end industrial, surveying, oil exploration, commercial aerospace, intelligent driving, and high-reliability sectors [5][6]. - The company has secured substantial orders, including contracts worth approximately 270 million yuan and 163.75 million yuan for gyroscopes and accelerometers, which are expected to positively impact operational performance [7][8]. Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 405 million yuan, a year-on-year increase of 27.57%, and a net profit of 222 million yuan, up 34.33% [5]. - The company forecasts revenues of 628 million yuan, 881 million yuan, and 1.198 billion yuan for 2025, 2026, and 2027, respectively, with corresponding EPS of 0.80, 1.07, and 1.43 yuan [9][11]. Product Development - The company has made significant advancements in MEMS gyroscopes and has introduced high-performance FM accelerometers, marking a breakthrough in the accelerometer field [6]. - The company is actively developing a range of pressure sensors to meet diverse market demands, including low-range and high-range products [6]. Market Position - The company has established a strong market presence with increasing penetration rates and a growing number of end customers across various sectors [5]. - The company is focusing on the automotive sector, with plans to develop six-axis chips for future applications and collaborations with automotive manufacturers [8].

10只科创板股大宗交易平台4月29日发生交易，合计成交2.09亿元。 证券时报·数据宝统计显示，4月29日共有10只科创板股发生大宗交易，合计成交21笔，累计成交量 611.49万股，成交额合计2.09亿元。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 统计显示，成交金额最多的是派能科技，大宗交易成交量为305.63万股，成交金额1.22亿元；其次是国 博电子、悦安新材，大宗交易金额分别为3311.27万元、1405.30万元。（数据宝） （文章来源：证券时报网） 科创板股4月29日大宗交易概况 | 代码 | 简称 | 成交笔 | 大宗交易数量 | 平均成交价格 | 相对收盘价折溢价 | 大宗交易金额 | | --- | --- | --- | --- | --- | --- | --- | | | | 数 | （万股） | （元） | （%） | （万元） | | 688063 | 派能科 技 | 1 | 305.63 | 40.00 | -1.60 | 12225.20 | | 688375 | 国博电 子 | 7 | 71.75 | 46.15 | -6.90 | 3311.27 | ...

证券代码：688582 证券简称：芯动联科 公告编号：2025-017 安徽芯动联科微系统股份有限公司 关于 2023 年限制性股票激励计划首次授予部分第一个归属期第二批 次归属结果暨股份上市的公告 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。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 109,260股。 本次股票上市流通总数为109,260股。 本次股票上市流通日期为2025 年 5 月 7 日。 安徽芯动联科微系统股份有限公司（以下简称"公司"或"本公司"）于近日 收到中国证券登记结算有限责任公司上海分公司出具的《证券变更登记证明》，公 司完成了 2023 年限制性股票激励计划首次授予部分第一个归属期第二批次的股份 登记工作。现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 （一）2023 年 10 月 10 日，公司召开第一届董事会第十七次会议，审议通过 《关于公司<2023 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司 <2023 年限制性股 ...

Core Viewpoint - The company has signed significant contracts with client P, indicating strong demand and growth potential in the coming years, with an upward revision of profit expectations and target price [1][4]. Group 1: Contract and Revenue Growth - The company announced a sales contract with client P for gyroscope and accelerometer products totaling 164 million yuan, expected to be completed in 2025 [1]. - Combined with a previous contract of 270 million yuan signed on January 17, the total confirmed revenue contracts for 2025 amount to 434 million yuan, surpassing the entire revenue of 400 million yuan for 2024 [1]. - The company is expected to see accelerated order growth in 2025, with an increase in product variety and repeat purchases from major clients [1]. Group 2: Financial Performance in Q1 2025 - In Q1 2025, the company reported revenue of 88 million yuan, a year-on-year increase of 291.8% but a quarter-on-quarter decrease of 33.9% [2]. - The net profit attributable to shareholders was 44 million yuan, reflecting a year-on-year increase of 2869.2% and a quarter-on-quarter decrease of 47.2% [2]. - The company achieved a gross margin of 83.9%, indicating stable order delivery quality and profitability [2]. Group 3: Future Outlook and Product Development - The impact of tariffs on the company is limited, as nearly 100% of revenue comes from domestic clients, with a supply chain primarily using non-U.S. suppliers [3]. - New product orders are expected to increase, with mass shipments of FM resonant accelerometers and pressure sensors since 2024, and the introduction of cost-effective six-axis IMU chips for the civilian market in 2025 [3]. - The company aims to expand its customer base in high-performance and high-reliability sectors, including commercial aerospace and autonomous driving [3]. Group 4: Profit Forecast and Valuation - The company has revised its revenue forecasts for 2025, 2026, and 2027 upwards by 10%, 10%, and 6% respectively, to 670 million, 940 million, and 1.26 billion yuan [4]. - The net profit forecasts for the same years have also been increased by 15%, 15%, and 14% to 360 million, 450 million, and 580 million yuan [4]. - The target price has been raised to 79.28 yuan, reflecting a premium over comparable company valuations due to expected profit growth [4].

Investment Rating - The investment rating for the company is "Buy" with a target price of 79.28 RMB [7][8]. Core Views - The company has signed significant contracts totaling 434 million RMB for 2025, indicating strong revenue growth potential. This is an increase from the previous year's total revenue of 400 million RMB [1]. - The company is expected to see accelerated order growth in 2025, driven by new product launches and increased customer demand [3][4]. - The company's revenue and net profit forecasts for 2025, 2026, and 2027 have been raised by 10%, 10%, and 6% respectively, reflecting a positive outlook on order volume and profitability [4]. Summary by Sections 1Q25 Review - In the first quarter of 2025, the company reported revenue of 88 million RMB, a year-over-year increase of 291.8%, and a net profit of 44 million RMB, up 2869.2% year-over-year. This performance aligns with prior forecasts [2]. 2025 Outlook - The impact of tariffs on the company is expected to be limited, as nearly 100% of its revenue comes from domestic customers. The supply chain is primarily supported by non-US suppliers [3]. - New product orders, including a cost-effective six-axis IMU chip for the civilian market, are anticipated to ramp up in 2025, enhancing the company's product portfolio [3]. Profit Forecast and Valuation - The company’s revenue projections for 2025, 2026, and 2027 are now set at 6.68 billion RMB, 9.47 billion RMB, and 12.57 billion RMB respectively. The net profit estimates for the same years have been adjusted to 360 million RMB, 450 million RMB, and 580 million RMB [4][6]. - The target price has been revised to 79.28 RMB, reflecting a 20% premium over comparable company valuations [4].

证券代码：688582 证券简称：芯动联科 公告编号：2025-016 安徽芯动联科微系统股份有限公司 关于签订日常经营重大合同的公告 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。 公司与客户签订一笔日常经营销售合同，向客户 P 销售一批陀螺仪和加速度计 产品，预计合同在 2025 年 12 月 31 日前实施完毕，合同金额约 1.6375 亿元人民币 （含税）。 （二）合同对方当事人情况 1、合同对方单位名称：客户 P。 重要内容提示： 一、审议程序情况 安徽芯动联科微系统股份有限公司（简称"公司"）于近日与客户 P 签订了陀螺 仪和加速度计产品的销售合同，合计 1.6375 亿元人民币（含税）。 本合同为公司日常经营性合同，不涉及关联交易，公司已履行了签署该合同的 合同类型：日常经营性销售合同； 合同金额：1.6375 亿元人民币（含税）； 合同内容：销售一批陀螺仪和加速度计产品； 合同生效条件：自双方盖章签字之日起生效； 合同履行期限：2025 年 4 月 24 日至 2025 年 12 月 31 日； 对上市公司当 ...

Group 1 - The well-known private equity firm Zhengyuan Investment recently conducted research on three listed companies [1] - The companies researched include Chip Motion Technology, Meirui New Materials, and Tianfu Communication [1] - Chip Motion Technology focuses on chip design and has its own packaging and testing capabilities, with external foundries for wafer fabrication [1] - Meirui New Materials has implemented an industry-leading intelligent manufacturing plan that significantly enhances production efficiency [1] - Tianfu Communication positions itself as a provider of overall solutions for optical communication devices and advanced optoelectronic packaging services [1] Group 2 - Chip Motion Technology's high-performance MEMS inertial sensors are primarily used in attitude stabilization and positioning navigation, with applications in industrial robotics [1] - Meirui New Materials' intelligent manufacturing plan spans all production stages, greatly improving manufacturing efficiency [1] - Tianfu Communication's products are widely used in telecommunications, data centers, fiber optic connections, and automotive auxiliary driving laser radar [1] - Zhengyuan Investment was established in 2015 in Shenzhen Qianhai Free Trade Zone and has a professional investment research team [1] - The firm aims to serve the development of China's real economy by connecting social capital with quality industries [1]

Summary of Key Points from the Conference Call Company Overview - **Company**: ChipMotion Technology (芯动联科) - **Industry**: MEMS (Micro-Electro-Mechanical Systems) Sensors and Inertial Measurement Units (IMUs) Core Insights and Arguments - **Revenue Growth**: ChipMotion expects a revenue growth rate of 30%-40% for the year, driven by an increase in the number of downstream terminal customers and higher overall usage levels. The shift to concentrated orders from large customers has led to more uniform production and shipping schedules [1][14] - **Q1 Performance**: In Q1 2025, the company reported revenue exceeding 80 million yuan, showing significant growth compared to the same period last year. This growth was attributed to the successful market promotion of new products launched in the second half of the previous year and changes in customer order patterns [2] - **Gross Margin and Cost Control**: The company maintained a high gross margin in Q1 2025, with a decrease in sales and management expenses. Although R&D expenses increased due to hiring more personnel, the proportion of R&D expenses relative to revenue decreased, indicating effective cost control [3][4] - **Accelerometer Performance**: The performance of the new FM accelerometers has significantly improved, with the company achieving global recognition for its resonant accelerometers. The revenue from accelerometers is expected to potentially double this year [5] - **Low-altitude and Smart Driving Applications**: ChipMotion is actively expanding its applications in the low-altitude sector by collaborating with manufacturers to provide customized IMU combinations and chips for traditional navigation systems. In the smart driving sector, the company has begun supplying modules to designated car manufacturers, with plans to develop six-axis IMU chips to meet future production rhythms [6][10] Additional Important Insights - **Impact of Tariffs**: Tariff issues have had a minimal impact on ChipMotion, as its main suppliers are non-U.S. companies and the products primarily target domestic customers. The trend towards domestic production is accelerating, benefiting the company [3][11] - **New Product Development**: The company is developing new products, including lower-cost IMU chips for consumer applications like robotic vacuum cleaners and lawnmowers, as well as a series of pressure sensors to expand its high-performance MEMS sensor applications [4][19] - **Market Potential in Low-altitude Sector**: The low-altitude sector is expected to grow significantly, with potential market space for thousands of aircraft annually. ChipMotion's high-performance MEMS inertial devices are well-suited to meet the demands of this sector [9] - **Future R&D Directions**: The company is focusing on expanding its product range in the inertial device market, including developing pressure sensors and exploring new materials and technologies for high-performance applications [26][27] Conclusion ChipMotion Technology is positioned for strong growth in the MEMS sensor market, with a focus on expanding its product offerings and applications in both low-altitude and smart driving sectors. The company is effectively managing costs while investing in R&D to meet future market demands.

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 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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 单位：万元 币种：人民币 (二) 非经常性损益项目和金额 √适用 □不适用 单位:万元 币种:人民币 对公司将《公开发行证券的公司信息披露解释性公告第1号——非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号——非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三) 主要会计数据、财务指标发生变动的情况、原因 √适用 ...