Core Viewpoint - Chipsea Technology (688595.SH) has no plans to participate in the Hongmeng Starlight Festival Conference [1] Company Summary - Chipsea Technology confirmed on the investor interaction platform that it will not attend the Hongmeng Starlight Festival Conference [1]

Core Viewpoint - Chipsea Technology (688595.SH) has announced that its pressure touch control products have been applied in Quark AI glasses [1] Group 1 - The company is actively engaging with investors through its interactive platform [1] - The application of pressure touch control technology in AI glasses indicates a potential expansion into the wearable technology market [1]

Core Viewpoint - Chipsea Technology's stock price has shown fluctuations, with a year-to-date increase of 6.07% and a recent 5-day increase of 7.58%, despite a 15.35% decline over the past 60 days [2] Company Overview - Chipsea Technology (Shenzhen) Co., Ltd. was established on September 27, 2003, and went public on September 28, 2020. The company is located in Shenzhen, Guangdong Province [2] - The company's main business involves the research, design, and sales of chip products, with revenue composition as follows: MCU chips 46.45%, AIoT chips 25.92%, analog signal chain chips 25.81%, and others 1.79% [2] Financial Performance - For the period from January to September 2025, Chipsea Technology achieved operating revenue of 615 million yuan, representing a year-on-year growth of 19.59%. However, the net profit attributable to the parent company was a loss of 62.98 million yuan, which is a year-on-year increase of 45.23% in losses [2] - The company has distributed a total of 49.92 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders of Chipsea Technology was 12,800, an increase of 11.16% from the previous period. The average circulating shares per person decreased by 8.99% to 11,240 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 3.27 million shares as a new shareholder. Other funds have exited the top ten list [3] Market Activity - On December 1, Chipsea Technology's stock price rose by 2.26%, reaching 34.79 yuan per share, with a trading volume of 52.88 million yuan and a turnover rate of 1.08%. The total market capitalization is 5.01 billion yuan [1] - In terms of capital flow, there was a net inflow of 1.23 million yuan from main funds, with significant buying activity from large orders [1]

Investment Rating - The report assigns a "Buy-B" investment rating to the company, with a target price of 39 yuan for 2026, based on a 5x price-to-sales (PS) ratio [4][6]. Core Insights - The company has demonstrated significant revenue growth and a reduction in losses, achieving 615 million yuan in revenue for the first three quarters of 2025, a year-on-year increase of 19.59%. The net profit loss narrowed to 63 million yuan, a substantial improvement of 52 million yuan compared to the previous year [2]. - The decision not to adjust the conversion price of the "Xinhai Convertible Bonds" reflects the board's confidence in the company's long-term value and growth prospects. This decision sends a positive signal to the market [3]. - The company is expected to leverage its dual-platform technology capabilities in analog and MCU, along with a comprehensive solution that integrates chips, algorithms, scenarios, and AI, to achieve effective growth in key strategic areas such as BMS, industrial precision measurement, PC, and automotive electronics [4]. Financial Performance Summary - Revenue projections for 2025 to 2027 are 899 million yuan, 1.124 billion yuan, and 1.303 billion yuan, respectively. The expected net profits for the same period are 7 million yuan, 53 million yuan, and 125 million yuan, indicating a positive trend towards profitability [4][10]. - The company has maintained a high level of strategic R&D investment while optimizing its operational management and cost structure, which has further enhanced its profitability [2]. Market Position and Growth Potential - The company is actively expanding into high-end sectors such as automotive electronics and industrial control, while also launching its first high-performance MCU chip with AI processing capabilities. This positions the company well for future growth and value recovery [3].

Group 1 - The second temporary shareholders' meeting of Chipsea Technology (Shenzhen) Co., Ltd. was held on November 25, 2025, at the Shenzhen Bay Innovation Technology Center [2] - The meeting was convened by the board of directors and chaired by Chairman Lu Guojian, utilizing a combination of on-site and online voting methods [2][3] - All nine current directors attended the meeting, along with the board secretary and other key executives [3] Group 2 - The proposal to reappoint the accounting firm was approved during the meeting [4] - The voting process for the proposal included separate counting for small and medium investors [5] - The meeting was witnessed by lawyers from Zhejiang Tiance (Shenzhen) Law Firm, confirming that all procedures and voting results were legal and valid [5]

芯海科技（深圳）股份有限公司 2025年第二次临时股东会决议公告 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） 股东会召开的时间：2025 年 11 月 25 日 （二） 股东会召开的地点：深圳市南山区粤海街道科苑南路 3156 号深圳湾创新 科技中心 T1 栋 3 楼 | 证券代码：688595 | 证券简称：芯海科技 | 公告编号：2025-063 | | --- | --- | --- | | 债券代码：118015 | 债券简称：芯海转债 | | （五） 公司董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、 董事会秘书张娟苓出席了本次会议；财务总监谭兰兰、副总经理万巍、副总 经理郭争永、副总经理王君宇和浙江天册（深圳）律师事务所执业律师刘雪莹、 刘珂豪列席了本次会议。 二、 议案审议情况 （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 ...

法律意见书 中国广东省深圳市南山区科发路 222 号康泰创新广场 34 层 518057 电话：0755-26907494 传真：0755-26906383 http://www.tclawfirm.com 浙江天册（深圳）律师事务所 关于 芯海科技（深圳）股份有限公司 2025 年第二次临时股东会的 法律意见书 浙江天册（深圳）律师事务所 关于芯海科技（深圳）股份有限公司 2025 年第二次临时股东会的 法律意见书 致：芯海科技（深圳）股份有限公司 浙江天册（深圳）律师事务所（以下简称本所）接受芯海科技（深圳）股份 有限公司（以下简称公司）的委托，指派本所律师参加公司 2025 年第二次临时股 东会（以下简称本次股东会），并根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、《上市公司股 东会规则》（以下简称《股东会规则》）以及《芯海科技（深圳）股份有限公司 章程》（以下简称《公司章程》）等法律、法规和其他有关规范性文件的要求出 具本法律意见书。 在本法律意见书中，本所律师仅对本次股东会召集、召开程序、出席人员的 资格、召集人的资格、表决程序及表决结果的合法 ...

Group 1 - The core point of the news is that Chipsea Technology experienced a 5.02% decline in stock price, reaching 32.35 CNY per share, with a total market capitalization of 4.661 billion CNY [1] - Chipsea Technology's main business involves the research, design, and sales of chip products, with revenue composition as follows: MCU chips 46.45%, AIoT chips 25.92%, analog signal chain chips 25.81%, and others 1.79% [1] - The company is located in Shenzhen, Guangdong Province, and was established on September 27, 2003, with its listing date on September 28, 2020 [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Chuangjin Hexin has a significant holding in Chipsea Technology, specifically the Chuangjin Hexin Technology Growth Stock A (005495), which reduced its holdings by 30,900 shares in the third quarter [2] - The current holding of the fund in Chipsea Technology is 286,900 shares, accounting for 4.78% of the fund's net value, making it the fourth-largest heavy stock [2] - The fund has reported a floating loss of approximately 490,600 CNY as of the latest data [2] Group 3 - The fund manager of Chuangjin Hexin Technology Growth Stock A is Zhou Zhimin, who has been in the position for 7 years and 331 days [3] - The total asset size of the fund is currently 239 million CNY, with the best fund return during the manager's tenure being 94.28% and the worst being -37.88% [3]

| 股东名称 | 芯海科技（深圳）股份有限公司回购专用证券账户 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | □是 | √否 | | | 其他：回购专户 | | | | 持股数量 | 2,290,557股 | | | | 持股比例 | 1.59% | | | | 当前持股股份来源 | 集中竞价交易取得：2,290,557股 | | | | 证券代码：688595 | 证券简称：芯海科技 | 公告编号：2025-062 | | --- | --- | --- | | 债券代码：118015 | 债券简称：芯海转债 | | 芯海科技（深圳）股份有限公司 回购股份减持时间届满未减持股份的结果公告 本公司董事会、全体董事及相关股东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： ● 芯海科技（深圳）股份有限公司（以下简称"公司"）于 2024 年 1 月 ...

Core Viewpoint - The company plans to reduce its holdings of repurchased shares by up to 1,420,557 shares, representing 1.00% of its total share capital, through centralized bidding within three months after the announcement [1] Summary by Sections - **Share Reduction Plan** - The company intends to sell up to 1,420,557 shares of its repurchased stock [1] - This reduction accounts for 1.00% of the company's total share capital [1] - The selling will occur through centralized bidding at market prices [1] - **Timeline** - The reduction plan will take place within three months following the announcement, starting 15 trading days after the announcement date [1] - **Current Status** - As of the announcement date, the company has not yet executed any sales or transfers of the aforementioned shares [1]