Group 1 - The core point of the article is that Lihua Microelectronics (688589.SH) announced that its shareholder, Lihua Science and Technology, plans to reduce its stake by up to 4.3598 million shares, which is no more than 3% of the company's total share capital [1] Group 2 - The reduction of shares will be executed through the Shanghai Stock Exchange trading system via centralized bidding and block trading methods [1]

力合微(688589.SH)发布公告，公司股东力合科创（002243）因经营发展需要，拟通过上海证券交易所 交易系统以集中竞价、大宗交易方式减持公司股份合计不超过435.98万股(即不超过公司总股本的3%)。 ...

Core Viewpoint - The major shareholder of Lihe Micro (688589.SH), Lihe Science and Technology Group Co., Ltd., plans to reduce its stake in the company by up to 4.3598 million shares, representing 3% of the total share capital, due to operational development needs [1] Summary by Category Shareholder Actions - Lihe Science and Technology Group Co., Ltd. intends to reduce its holdings through centralized bidding or block trading [1] - The planned reduction includes up to 1.4533 million shares through centralized bidding and up to 2.9066 million shares through block trading [1] Timeline - The reduction period is set from November 13, 2025, to February 12, 2026 [1]

力合微公告称，持股5%以上股东力合科创集团有限公司持有公司股份1872万股，占总股本12.88%，因 经营发展需要，拟于2025年11月13日至2026年2月12日，通过集中竞价、大宗交易方式减持不超435.98 万股，即不超总股本的3%。其中，集中竞价减持不超145.33万股，大宗交易减持不超290.66万股。本次 减持计划实施不会导致公司无控股股东、实际控制人的情况发生变化。 ...

Core Viewpoint - The stock of Lihai Microelectronics has shown fluctuations in price and trading volume, with a recent increase of 2.00% to 24.48 CNY per share, while facing net outflows of capital from major investors [1][2]. Company Overview - Lihai Microelectronics, established on August 12, 2002, and listed on July 22, 2020, is located in the High-tech Industrial Park of Tsinghua Information Port, Nanshan District, Shenzhen, Guangdong Province [2]. - The company specializes in the research and design of communication chips, with 94.84% of its main business revenue derived from self-developed chips and core technologies [2]. Financial Performance - For the first half of 2025, Lihai Microelectronics reported a revenue of 198 million CNY, a year-on-year decrease of 24.74%, and a net profit attributable to shareholders of 24.85 million CNY, down 41.15% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 131 million CNY in dividends, with 96.43 million CNY distributed over the past three years [3]. Stock Performance - Year-to-date, Lihai Microelectronics' stock price has increased by 8.45%, but it has seen a decline of 3.24% over the last five trading days and a decrease of 1.92% over the last 20 days [2]. - The stock has experienced a 10.97% increase over the past 60 days [2]. Shareholder Information - As of June 30, the number of shareholders for Lihai Microelectronics was 11,100, a decrease of 5.22% from the previous period, while the average number of circulating shares per person increased by 26.54% to 13,110 shares [2].

Core Viewpoint - The stock of Lihua Microelectronics has shown fluctuations in recent trading sessions, with a notable increase in the stock price year-to-date, but a decline in the short term [1][2]. Company Overview - Lihua Microelectronics, established on August 12, 2002, is located in the High-tech Industrial Park of Tsinghua Information Port, Nanshan District, Shenzhen, Guangdong Province [2]. - The company was listed on July 22, 2020, and specializes in the research and design of communication chips [2]. - The revenue composition of the company includes 94.84% from self-developed chips and core technologies, 4.85% from proprietary chips, and 0.31% from other products [2]. Financial Performance - As of June 30, the number of shareholders for Lihua Microelectronics was 11,100, a decrease of 5.22% from the previous period, while the average circulating shares per person increased by 26.54% to 13,110 shares [2]. - For the first half of 2025, the company reported a revenue of 198 million yuan, a year-on-year decrease of 24.74%, and a net profit attributable to shareholders of 24.85 million yuan, down 41.15% year-on-year [2]. Stock Performance - The stock price of Lihua Microelectronics increased by 6.24% year-to-date, but has seen a decline of 9.06% over the last five trading days and 4.92% over the last 20 days [2]. - As of October 20, the stock was trading at 23.98 yuan per share, with a market capitalization of 3.485 billion yuan [1]. Dividend Information - Since its A-share listing, Lihua Microelectronics has distributed a total of 131 million yuan in dividends, with 96.43 million yuan distributed over the past three years [3].

Core Viewpoint - The company has developed a three-in-one chip that addresses the issues of high hardware costs, large size, and complex structure associated with multiple independent communication chips or modules [1] Group 1 - The three-in-one chip integrates three communication functions into a single chip [1] - This innovation fundamentally overcomes the challenges posed by traditional communication chip designs [1] - The chip provides an optimized multi-mode communication solution for smart home applications and the Internet of Things (IoT) [1]

Core Insights - The company recently announced the successful development and testing of a tri-mode communication chip that integrates PLC, WiFi, and Bluetooth technologies, providing an optimized solution for smart home and IoT applications [1] - The global IoT market is experiencing rapid growth, with China's market expected to reach approximately 4.01 trillion yuan in 2024 and 4.55 trillion yuan in 2025, highlighting the increasing demand for reliable and efficient communication solutions [1] - The new chip features a high-performance 32-bit CPU processor, enabling application development and addressing the challenges of using multiple single-mode chips, thus enhancing device adaptability and communication reliability [1] Company Overview - Established in 2022, the company focuses on IoT communication and connection technologies, specializing in PLC technology, integrated circuit chips, and applications [2] - The company continuously develops competitive chips, products, and solutions for various smart IoT applications, including smart grids, smart homes, photovoltaic new energy, and smart lighting [2] Investor Interest - Recent investor interest has been drawn to the company's PLC technology barriers, with the company emphasizing its comprehensive R&D capabilities in algorithms, chip design, and application solutions [3] - The company has positioned itself as a leader in the industry by being a key contributor to multiple national PLC standards, enhancing its technical standard authority [3] - The rapid development of PLC applications in IoT and smart home scenarios has allowed the company to become a preferred choice for many clients due to its early strategic positioning and product reserves [3]

Group 1 - The company has postponed the disclosure of its Q3 2025 earnings report to October 28, 2025, to ensure accuracy and completeness [2] - The decision to delay the earnings report is based on a prudent approach to the report's preparation [2]

Core Insights - The company has successfully developed a tri-mode communication chip that integrates PLC, WiFi, and Bluetooth technologies, enhancing smart home and IoT solutions [1] Group 1: Product Development - The newly developed chip has completed its testing and is ready for deployment, marking a significant milestone for the company [1] - The chip supports standard WiFi protocols, Bluetooth 5.2, and high-speed PLC protocols, providing a versatile communication solution [1] - It features a high-performance 32-bit CPU processor, allowing for application program development [1]