Group 1 - The core transaction of Kangxi Communication on September 15 involved a block trade of 850,000 shares, amounting to 9.044 million yuan, with a transaction price of 10.64 yuan, representing a discount of 20.30% compared to the closing price of the day [2][3] - The buyer of the block trade was from China Merchants Securities Co., Ltd., Hangzhou Fuchun Road Securities Branch, while the seller was from Dongfang Caifu Securities Co., Ltd., Lhasa Tuanjie Road First Securities Branch [2][3] - In the last three months, Kangxi Communication has recorded a total of three block trades, with a cumulative transaction amount of 26.5672 million yuan [2][3] Group 2 - The latest margin financing balance for Kangxi Communication is 182 million yuan, which has decreased by 7.8851 million yuan over the past five days, reflecting a decline of 4.16% [3] - As of September 15, the closing price of Kangxi Communication was 13.35 yuan, with an increase of 0.45%, a turnover rate of 3.33%, and a total transaction amount of 139 million yuan, with a net inflow of main funds amounting to 3.4745 million yuan for the day [2][3] - Over the past five days, the stock has seen a cumulative increase of 1.29%, while the total net outflow of funds during this period was 45.029 million yuan [2][3]

9月15日，康希通信大宗交易成交85万股，成交额904.4万元，占当日总成交额的6.09%，成交价10.64 元，较市场收盘价13.35元折价20.3%。 | 交易日期 | 证券简称 | 蓬券代码。 | 成交价(元) 成交金额[万元) 成交量(*) 买入营业部 | | | 美出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 025-09-15 | 康希通信 | 688653 | 10.64 | 904.4 85 | 招商证券股份有限 | 东方财富证券股份 | 100 | | | | | | | 公司杭州富春路证 AN ARLOL 2011 | 有限公司按萨团结 DAY IN IN MIRRILAR | | ...

Core Viewpoint - 康希通信 is positioned as a leading fabless RF front-end design company, focusing on Wi-Fi RF front-end chips and modules, and has established itself as a preferred supplier in the market through strategic collaborations with major SoC manufacturers like Qualcomm, Broadcom, and MediaTek [1] Group 1: Business Overview - 康希通信's main business revolves around Wi-Fi RF front-end chips and modules, transitioning from independent R&D to partnerships with international SoC manufacturers to explore Wi-Fi communication protocols [1] - The company has achieved a significant milestone, with Wi-Fi 7 sales revenue accounting for over 50% of total Wi-Fi sales revenue in the first half of 2025, surpassing the market penetration rate of Wi-Fi 7 [1] Group 2: Market Position and Orders - 康希通信 has a robust order backlog, with successful market expansion in low-altitude economy drones and the IoT sector, leading to a trend of increasing orders [1] - The company aims to diversify its product offerings and strengthen its upstream and downstream supply chain to enhance its overall competitiveness and achieve sustainable, high-quality growth [1]

Core Points - On September 10, 2023, a block trade of 1.28 million shares of Kangxi Communication was executed at a transaction price of 10.12 yuan, representing a discount of 19.87% compared to the closing price of 12.63 yuan on the same day [2] - The total transaction amount for this block trade was 12.95 million yuan, with both the buyer and seller being the same brokerage, China Merchants Securities Co., Ltd. [2] - Over the past three months, Kangxi Communication has recorded a total of two block trades, amounting to 17.52 million yuan [2] Trading Activity - The closing price of Kangxi Communication on September 10 was 12.63 yuan, with a slight decline of 0.08% [2] - The stock's turnover rate for the day was 2.07%, with a total trading volume of 81.82 million yuan and a net inflow of main funds amounting to 854,600 yuan [2] - In the last five days, the stock has experienced a cumulative decline of 4.39%, with a total net outflow of funds reaching 42.61 million yuan [2] Margin Financing - The latest margin financing balance for Kangxi Communication stands at 196 million yuan, reflecting an increase of 6.60 million yuan over the past five days, which is a growth rate of 3.48% [2]

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2025-09-10 | 康希通信 | 688653 | 10.12 1295.36 128 | 招商证券股份有限 | 招商证券股份有限 公司上海世纪大道 | | | | | | | 公司上海世纪大道 | | | | | | | | 『十二日本十二 | 「十十年十二十八 | | 9月10日，康希通信大宗交易成交128万股，成交额1295.36万元，占当日总成交额的13.67%，成交价10.12元，较市场收盘价12.63元折价19.87%。 ...

招商证券股份有限公司 关于格兰康希通信科技（上海）股份有限公司 2025 年半年度持续督导跟踪报告 二、保荐机构和保荐代表人发现的问题及整改情况 无。 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》等有关法律、法规的规定，招商证券股份有限公司（以下简称"保荐机构"） 作为格兰康希通信科技（上海）股份有限公司（以下简称"康希通信"、"公司"） 持续督导工作的保荐机构，负责康希通信上市后的持续督导工作，并出具本持续 督导半年度跟踪报告。 | 一、持续督导工作情况 | | --- | | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并 | 保荐机构已建立健全并有效执行了持 | | | 针对具体的持续督导工作制定相应的工作计 | 续督导制度，并制定了相应的工作计 | | | 划 | 划 | | 2 | 根据中国证监会相关规定，在持续督导工作 | 保荐机构已与康希通信签订《保荐协 | | | 开始前，与上市公司或相关当事人签署持续 | 议》，该协议明确了双方在持续督导期 | | | 督导协议，明确双方在持续 ...

Group 1 - The core point of the article highlights the recent decline in the stock price of Kangxi Communication, which fell by 5.01% to 13.27 CNY per share, with a total market capitalization of 5.633 billion CNY [1] - Kangxi Communication Technology (Shanghai) Co., Ltd. specializes in the research, design, and sales of Wi-Fi radio frequency front-end chips and modules, and was established on August 11, 2015, with its listing date set for November 17, 2023 [1] Group 2 - According to data, Qianhai Kaiyuan Fund has a significant holding in Kangxi Communication, with its Qianhai Kaiyuan Quantitative Preferred A Fund (002495) holding 56,600 shares, representing 1.07% of the fund's net value, making it the fifth-largest holding [2] - The Qianhai Kaiyuan Quantitative Preferred A Fund has reported a year-to-date return of 29.03% and a one-year return of 42.21%, ranking 2697 out of 8184 and 3316 out of 7971 in its category, respectively [2] - The fund manager, Lu Qi, has a tenure of 4 years and 240 days, with a total fund asset size of 132 million CNY, while the other manager, Lin Qiaoliang, has a tenure of 3 years and 17 days, managing assets of 1.311 billion CNY [3]

Group 1 - Youyou Food achieved a net profit of 108 million yuan in the first half of 2025, a year-on-year increase of 42.47%, with a revenue of 771 million yuan, up 45.59% [1] - Keda achieved a net profit of 255 million yuan, a year-on-year increase of 16.49%, with a revenue of 2.163 billion yuan, up 14.35% [1] - North Navigation turned a profit with a net profit of 116 million yuan, achieving a revenue of 1.703 billion yuan, a year-on-year increase of 481.19% [1][2] Group 2 - China Satellite Communication reported a net profit of 181 million yuan, a year-on-year decrease of 55.59%, with a revenue of 1.221 billion yuan, up 6.33% [3] - Huqin Technology achieved a net profit of 1.889 billion yuan, a year-on-year increase of 46.3%, with a revenue of 83.939 billion yuan, up 113.06% [4] - Huasen Lithium reported a net loss of 72.739 million yuan, with a revenue of 350 million yuan, up 72.02% [4] Group 3 - Putailai achieved a net profit of 1.055 billion yuan, a year-on-year increase of 23.03%, with a revenue of 7.088 billion yuan, up 11.95% [5] - Suochen Technology reported a net loss of 45.698 million yuan, with a revenue of 57.351 million yuan, up 10.82% [5] - Canqin Technology achieved a net profit of 51.912 million yuan, a year-on-year increase of 51.94%, with a revenue of 287 million yuan, up 52.76% [6] Group 4 - Hengtong achieved a net profit of 99.3648 million yuan, a year-on-year increase of 38.86%, with a revenue of 669 million yuan, down 44.66% [6] - Sanan Optoelectronics reported a net profit of 176 million yuan, a year-on-year decrease of 4.24%, with a revenue of 8.987 billion yuan, up 17.03% [7] - New Dairy achieved a net profit of 397 million yuan, a year-on-year increase of 33.76%, with a revenue of 5.526 billion yuan, up 3.01% [8] Group 5 - Yiling Pharmaceutical achieved a net profit of 669 million yuan, a year-on-year increase of 26.03%, with a revenue of 4.040 billion yuan, down 12.26% [10] - Baosteel achieved a net profit of 4.879 billion yuan, a year-on-year increase of 7.36%, with a revenue of 151.372 billion yuan, down 7.28% [12] - Feikai Materials achieved a net profit of 217 million yuan, a year-on-year increase of 80.45%, with a revenue of 1.462 billion yuan, up 3.8% [13] Group 6 - Lier Chemical achieved a net profit of 271 million yuan, a year-on-year increase of 191.21%, with a revenue of 4.507 billion yuan, up 35.36% [15] - Shaanxi Coal achieved a net profit of 7.638 billion yuan, a year-on-year decrease of 31.18%, with a revenue of 779.83 billion yuan, down 14.19% [16] - Dongfang Materials reported a net profit of 654,400 yuan, a year-on-year decrease of 88.48%, with a revenue of 174 million yuan, down 5.06% [18] Group 7 - Blue Sky Bio achieved a net profit of 26.7163 million yuan, a year-on-year decrease of 8.98%, with a revenue of 652 million yuan, up 7.05% [19] - Shanghai Jiubai achieved a net profit of 23.7897 million yuan, a year-on-year increase of 0.24%, with a revenue of 45.0535 million yuan, down 1.09% [20] - Two Sides Needle reported a net loss of 5.0842 million yuan, with a revenue of 522 million yuan, up 1.02% [21] Group 8 - Shanghai Yashi achieved a net profit of 20.3263 million yuan, a year-on-year increase of 42.56%, with a revenue of 2.044 billion yuan, up 56.75% [23] - Bayi Steel reported a net loss of 697 million yuan, with a revenue of 8.733 billion yuan, down 6.73% [25] - Hongrun Construction plans to repurchase shares worth between 150 million and 300 million yuan [27] Group 9 - Kaile achieved a net profit of 10.9193 million yuan, a year-on-year increase of 280.42%, with a revenue of 137 million yuan, down 17.89% [28] - Jingda achieved a net profit of 306 million yuan, a year-on-year increase of 6.03%, with a revenue of 11.856 billion yuan, up 14.28% [29] - Blue Light Marker reported a net profit of 96.4427 million yuan, a year-on-year decrease of 47.33%, with a revenue of 32.36 billion yuan, up 4.87% [30] Group 10 - KOTAI Power achieved a net profit of 23.994 million yuan, a year-on-year increase of 35.52%, with a revenue of 711 million yuan, up 49.51% [33] - Bo Rui Data reported a net loss of 26.1918 million yuan, with a revenue of 70.1997 million yuan, up 5.19% [34] - Jiuzhoutong achieved a net profit of 1.446 billion yuan, a year-on-year increase of 19.7%, with a revenue of 81.106 billion yuan, up 5.10% [37] Group 11 - Aier Eye Hospital achieved a net profit of 2.051 billion yuan, a year-on-year increase of 0.05%, with a revenue of 11.507 billion yuan, up 9.12% [39] - Nandu Property achieved a net profit of 130 million yuan, a year-on-year increase of 532.87%, with a revenue of 914 million yuan, up 2.75% [41] - Weiyuan reported a net loss of 168 million yuan, with a revenue of 4.601 billion yuan, up 1.82% [42] Group 12 - Zhongke Chuangda achieved a net profit of 158 million yuan, a year-on-year increase of 51.84%, with a revenue of 3.299 billion yuan, up 37.44% [43] - Zhongjuxin reported a net profit of 8.1377 million yuan, a year-on-year decrease of 64.57%, with a revenue of 567 million yuan, up 20.40% [44] - Inspur Information achieved a net profit of 799 million yuan, a year-on-year increase of 34.87%, with a revenue of 80.192 billion yuan, up 90.05% [45] Group 13 - Shenghong Technology achieved a net profit of 2.143 billion yuan, a year-on-year increase of 366.89%, with a revenue of 9.031 billion yuan, up 86.00% [46] - Cambrian achieved a net profit of 1.038 billion yuan, turning a profit, with a revenue of 2.881 billion yuan, up 4347.82% [48] - Longteng Optoelectronics reported a net loss of 121 million yuan, with a revenue of 1.289 billion yuan, down 27.91% [49]

Core Insights - 康希通信 (688653.SH) reported its 2025 semi-annual results on August 27, 2025, highlighting significant institutional investor interest in its A-shares [1] Institutional Holdings - As of August 26, 2025, a total of 10 institutional investors disclosed holdings in 康希通信, with a combined shareholding of 93.68 million shares, representing 22.07% of the company's total equity [1] - The top ten institutional investors include various firms such as 上海乾晓芯企业管理中心 (Limited Partnership) and 东方华宇资本管理有限公司, collectively holding 22.07% of the shares, which is an increase of 1.46 percentage points compared to the previous quarter [1] Public Fund Activity - During this reporting period, one new public fund disclosed its holdings, namely 前海开源量化优选A, while one public fund, 国联安添鑫灵活配置混合A, was no longer disclosed [1]

Core Insights - The company reported a stock price of 14.26 yuan on August 26, with a decline of 0.13 yuan from the previous trading day, and a total market capitalization of 6.053 billion yuan [1] - The main business focuses on the research and development of Wi-Fi RF front-end chips, covering technologies such as Wi-Fi 7 and Star Flash 2.0 [1] - In the first half of 2025, the company achieved revenue of 328 million yuan, representing a year-on-year growth of 45.92%, although it still incurred a net loss of 24.73 million yuan [1] Business Developments - The company has made breakthroughs in the low-altitude economy sector and has secured bulk orders from leading clients for high-efficiency, high-power RF front-end chips for drones [1] - Revenue from the Wi-Fi 7 product series has surpassed 50%, and the company has initiated research on Wi-Fi 8 [1] - The company's products have entered the supply chains of several leading clients in the industrial IoT and smart home sectors [1] Financial Trends - On August 26, the net outflow of main funds was 3.3131 million yuan, accounting for 0.07% of the circulating market value [1] - Over the past five days, the main funds have shown a net inflow trend, with a cumulative net inflow of 4.662 million yuan [1]