Core Insights - The company Xinxiang Microelectronics (688593.SH) reported a total revenue of 285 million yuan for the first half of 2025, marking an increase of 54.28 million yuan compared to the same period last year, representing a year-on-year growth of 23.48% [1] - The net profit attributable to shareholders reached 5.45 million yuan, an increase of 8.81 million yuan from the previous year [1] - The net cash inflow from operating activities was 33.15 million yuan, up by 80.88 million yuan year-on-year [1] Financial Performance - The latest asset-liability ratio stands at 17.73% [3] - The gross profit margin is 14.64%, which is an increase of 0.20 percentage points from the previous quarter [3] - The return on equity (ROE) is 0.35%, reflecting an increase of 0.57 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.01 yuan, an increase of 0.02 yuan from the previous year [3] - The total asset turnover ratio is 0.16 times, which is an increase of 0.03 times year-on-year, representing a growth of 20.97% [3] - The inventory turnover ratio is 0.98 times [3] Shareholder Structure - The number of shareholders is 12,000, with the top ten shareholders holding a total of 280 million shares, accounting for 60.85% of the total share capital [3] - The largest shareholder is New Vision Microelectronics Inc. with a holding of 16.68% [3] - Other significant shareholders include Beijing Electronics Holdings Co., Ltd. (12.30%) and Ke Hongxin (Hong Kong) Co., Ltd. (6.23%) [3]

Core Insights - The Social Security Fund has disclosed its stock holdings as of the end of Q2, appearing in the top ten shareholders of 29 stocks on the Sci-Tech Innovation Board, with a total holding of 94.71 million shares valued at 4.23 billion yuan [1][2] Group 1: Stock Holdings - The Social Security Fund has newly entered 6 stocks and increased holdings in 8 stocks, while reducing holdings in 7 stocks, with 8 stocks remaining unchanged [1] - The stocks with the highest holdings by the Social Security Fund include Daotong Technology with 9.27 million shares, followed by Times Electric and ST Nuotai with 6.31 million and 5.72 million shares respectively [2][3] - The highest holding ratio is for Haitai Xinguang at 4.20%, followed by Aopumai at 4.00% [2] Group 2: Financial Performance - Among the stocks held by the Social Security Fund, 25 companies reported year-on-year net profit growth in the first half of the year, with Rongzhi Rixin showing the highest growth rate of 2063.42% [2] - Other notable profit growth includes Xinxing Microelectronics and Jingfeng Mingyuan, with increases of 261.78% and 151.67% respectively [2] Group 3: Market Performance - Stocks held by the Social Security Fund on the Sci-Tech Innovation Board have averaged a 22.67% increase since July [3] - The best-performing stock is Dingtong Technology, with a cumulative increase of 69.16%, followed by Yuandong Biology and Kaiyin Technology with increases of 54.02% and 39.07% respectively [3]

Core Viewpoint - The recent financial report of Xinxiangwei (688593) shows significant growth in revenue and net profit, but also highlights challenges such as increased inventory and rising expenses [1] Financial Performance - Total revenue for the first half of 2025 reached 285 million yuan, a year-on-year increase of 23.48% [1] - Net profit attributable to shareholders was 5.45 million yuan, up 261.78% year-on-year [1] - Gross margin decreased to 14.64%, down 7.9% year-on-year, while net margin improved to 1.28%, an increase of 179.74% [1] - Total expenses (selling, administrative, and financial) amounted to 16.81 million yuan, representing 5.89% of revenue, a 96.38% increase year-on-year [1] - Earnings per share rose to 0.01 yuan, a 271.43% increase year-on-year [1] Balance Sheet Changes - Inventory increased significantly by 88.68% year-on-year [1] - Accounts receivable decreased by 10.12% to 140 million yuan [1] - Interest-bearing debt decreased by 26.65% to 57.06 million yuan [1] - Cash and cash equivalents increased by 5.30% to 266.96 million yuan [1] Operational Insights - The company experienced a 25.32% increase in operating costs due to higher sales volume [11] - Research and development expenses rose by 30.36% as the company increased its investment in R&D [13] - The company reported a significant increase in cash flow from financing activities, up 2964.88% due to loans for share buybacks [13] Market Position and Strategy - The company aims to maintain its competitive edge in the semiconductor and chip industry by focusing on innovation and expanding its product lines [19] - The management emphasizes a combination of organic growth and strategic acquisitions to drive future development [18] - The company has established a comprehensive product matrix in the display chip sector, covering various applications [19] Future Outlook - Analysts project a net profit of 41.01 million yuan for 2025, with an average earnings per share of 0.09 yuan [17] - The company plans to continue exploring acquisition opportunities while being cautious about the valuation and strategic fit of potential targets [18]

Core Insights - New Xiang Microelectronics (688593.SH) released its semi-annual report for 2025, indicating significant institutional investment in the company [1] Institutional Holdings - As of August 22, 2025, 13 institutional investors disclosed holdings in New Xiang Micro, totaling 279 million shares, which represents 60.70% of the company's total share capital [1] - The top ten institutional investors collectively hold 58.51% of the shares, with a 1.99 percentage point increase from the previous quarter [1] Public Fund and Foreign Investment - One new public fund was disclosed in this period, namely the Caitong Advanced Manufacturing Select Mixed Fund A [1] - One new foreign institution, Taiwan Analog Technology Co., Ltd., was also disclosed in this quarter [1]

Group 1 - The company Shanghai New Vision Microelectronics Co., Ltd. has completed its initial public offering (IPO) of 91,905,883 shares at a price of RMB 11.18 per share, raising a total of RMB 1,027,507,771.94, with a net amount of RMB 916,574,627.93 after deducting issuance costs [3][5][17] - As of June 30, 2025, the company has invested a total of RMB 217,399,237.49 in the projects funded by the raised capital, with RMB 15,286,735.86 used in the first half of 2025 [3][7][9] - The remaining balance of the raised funds as of June 30, 2025, is RMB 737,262,132.70 [3][9] Group 2 - The company has established special accounts for the management of raised funds in several banks and signed tripartite supervision agreements with the underwriter and banks to ensure the proper use of funds [6][9][10] - The company has temporarily used part of the idle raised funds, not exceeding RMB 100 million, to supplement working capital, with a repayment of RMB 33 million already completed [8][9][10] - The company has not used any idle raised funds for cash management during the reporting period [11] Group 3 - The company has reported a total asset impairment provision of RMB 1,127,946.45 for the first half of 2025, which includes credit impairment losses and asset impairment losses [27][30][31] - The credit impairment loss amounted to RMB 1,877,244.31, while the asset impairment loss was RMB 3,005,190.76 [28][29][30] - The impairment provisions are in compliance with accounting standards and do not affect the company's normal operations or shareholder interests [30][31]

Core Insights - The company reported a revenue of 285,484,549.39 yuan for the first half of 2025, representing a year-on-year growth of 23.48% [1] - The net profit attributable to shareholders of the listed company was 5,447,290.66 yuan [1] Financial Performance - Revenue for the first half of 2025: 285.48 million yuan, up 23.48% year-on-year [1] - Net profit for the same period: 5.45 million yuan [1]

格隆汇8月22日丨新相微(688593.SH)公布2025年半年度报告，上半年实现营业收入2.85亿元，同比增长 23.48%；归属于上市公司股东的净利润544.73万元，同比下降21.72%；归属于上市公司股东的扣除非经 常性损益的净利润434.01万元，同比增长72.37%；基本每股收益0.012元。 ...

| | | | 单位:元 币种:人民币 | | --- | --- | --- | --- | | 主要会计数据 | 本报告期 | 上年同期 | 本报告期比上年 | | | (1-6月) | | 同期增减(%) | | 营业收入 | 285.484.549.39 | 231,204,025.82 | 23.48 | | 利润息额 | -803.121.93 | -8.665.023.31 | 不适用 | | 归属于上市公司股东的净利润 | 5.447.290.66 | -3 367 111.78 | 不适用 | | 归属于上市公司股东的扣除非经常性 | 4.340.126.01 | 2.517.910.55 | 72.37 | | 损益的净利润 | | | | | 经营活动产生的现金流量净额 | 33.149.402.12 | -47.726.442.73 | 不适用 | | | 本报告期末 | 上年度末 | 本报告期末比上 | | | | | 年度末增减(%) | | 归属于上市公司股东的净资产 | 1.544.441.191.26 | 1.573.418.880.17 | -1.84 | | 总资产 | ...

证券代码：688593 证券简称：新相微 公告编号：2025-061 上海新相微电子股份有限公司 2025 年半年度募集资金存放、管理与实际使用情况的 专项报告 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。 一、募集资金基本情况 经中国证券监督管理委员会证监发行字[2023]731 号文核准，并经上海证券交易所同意， 上海新相微电子股份有限公司（以下简称"公司"或本公司"）首次公开发行人民币普通股 （A 股）91,905,883 股，每股面值 1 元，每股发行价人民币 11.18 元。截至 2023 年 5 月 29 日 止 ， 本 公 司 共 募 集 资 金 为 人 民 币 1,027,507,771.94 元 ， 扣 除 发 行 费 用 人 民 币 110,933,144.01 元，募集资金净额为人民币 916,574,627.93 元。 截止 2023 年 5 月 29 日，本公司上述发行股票募集的资金已全部到位，业经大华会计师 事务所（特殊普通合伙）以"大华验字[2023]000289 号"验资报告验证确认。 截 ...

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。 证券代码：688593 证券简称：新相微 公告编号：2025-062 一、 本次计提减值准备概述 上海新相微电子股份有限公司 根据《企业会计准则》和上海新相微电子股份有限公司（以下简称："公司"） 会计政策的相关规定，为客观、公允地反映公司截至 2025 年 6 月 30 日的财务状 况和 2025 年半年度的经营成果，公司对截至 2025 年 6 月 30 日合并报表范围内 的相关信用及资产进行了减值测试，并对可能发生信用及资产减值损失的有关资 产计提资产减值准备。根据减值测试结果，2025 年半年度计提的资产减值损失 金额 3,005,190.76 元，转回信用减值损失金额 1,877,244.31 元，合计计提资产减 值准备 1,127,946.45 元（币种：人民币，下同），具体情况如下表： 关于公司计提资产减值准备的公告 三、 本次计提资产减值准备对公司的影响 | 序号 | 项目 | 2025 年半年度发生额 | | --- | --- | --- | | 1 | ...