证券代码：688653 证券简称：康希通信 公告编号：2025-059 格兰康希通信科技（上海）股份有限公司 关于首次公开发行部分战略配售限售股上市流通公告 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首发战略配售股份（限售期 24 月）；股票认购方式 为网下，上市股数为3,184,000股。本公司确认，上市流通数量等于该限售期的全 部战略配售股份数量。 本次股票上市流通总数为3,184,000股。 本次股票上市流通日期为2025 年 11 月 17 日。 一、本次上市流通的限售股类型 经中国证券监督管理委员会《关于同意格兰康希通信科技（上海）股份有限 公司首次公开发行股票注册的批复》（证监许可[2023]1532 号）同意注册，并经上 海证券交易所同意，格兰康希通信科技（上海）股份有限公司（以下简称"康希通 信"或"公司"）首次公开发行人民币普通股（A 股）股票 6,368 万股，并于 2023 年 11 月 17 日在上海证券交易所科创板上市，发行后总股本为 42,448 万股，其 ...

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 首次公开发行部分战略配售限售股上市流通的核查意见 招商证券股份有限公司（以下简称"招商证券"或"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"或"公司"）首次 公开发行股票并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办 法（2025 年修订）》《上海证券交易所科创板股票上市规则（2025 年 4 月修订）》 《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作（2025 年 5 月修订）》等有关法律、行政法规、部门规章及业务规则的要求，对康希通信首 次公开发行部分战略配售限售股上市流通事项进行了核查，具体情况如下： 一、本次上市流通的限售股类型 经中国证券监督管理委员会《关于同意格兰康希通信科技（上海）股份有限 公司首次公开发行股票注册的批复》（证监许可[2023]1532 号）同意注册，并经 上海证券交易所同意，格兰康希通信科技（上海）股份有限公司（以下简称"康 希通信"或"公司"）首次公开发行人民币普通股（A 股）股票 6,368 万股，并 于 2023 年 11 月 17 日在上海证券交 ...

Summary of the Conference Call for 康希通信 Company Overview - **Company**: 康希通信 (Kangxi Communication) - **Industry**: Wireless Communication Technology Key Points Financial Performance - **Q3 Revenue Growth**: Revenue for Q3 increased by 3.21% year-on-year, reaching a record high for a single quarter, with total revenue of 526 million yuan for the first three quarters, a 39.32% increase year-on-year [2][3] - **Net Profit**: The company reported a net loss of 30.53 million yuan in Q3, although the loss narrowed compared to the previous year [2][3] - **Gross Margin**: Gross margin for the first three quarters was 23.13%, up 2.32 percentage points year-on-year, with Q3 gross margin at 24.43%, an increase of 5.63 percentage points year-on-year [2][3] Product Development and Market Position - **WiFi 7 Products**: WiFi 7 products have become the core growth engine, accounting for over 50% of revenue. The company has established deep partnerships with major SoC manufacturers like Broadcom, Qualcomm, and MediaTek, leading to continuous order and shipment growth [2][4] - **Future Technology**: The company is proactively developing WiFi 8 technology, with plans to launch related products in 2026 [2][5] - **UWB Technology**: The company is collaborating with invested enterprises to develop Ultra Wide Band (UWB) products, targeting applications in tracking, radar, and data transmission. The UWB market in China is expected to reach 20 billion yuan by 2028 [4][9] Diversification and Strategic Initiatives - **Business Diversification**: The company is expanding into low-altitude economy and industrial IoT sectors, with successful orders for high-efficiency drone RF front-end chips and smart control wireless communication chips [2][6] - **Strategic Focus**: The company is focusing on four strategic directions: building a moat around WiFi products, diversifying product offerings, protecting intellectual property, and enhancing market value management [2][8] Legal Challenges - **337 Investigation**: The company is involved in a 337 investigation initiated by Skyworks, with three patents withdrawn due to insufficient infringement evidence. The remaining two patents have completed court hearings. Legal expenses related to this investigation totaled approximately 50.6 million yuan for the first three quarters, significantly impacting net profit [2][7][22] - **Impact of Legal Costs**: Excluding these legal costs, the core business has returned to profitability. The company expects a significant decrease in related expenses in Q4 and anticipates a gradual reduction in the impact of these legal issues on overall performance in 2026 [7][8][10] Market Outlook and Competitive Landscape - **Market Expansion**: The company is targeting overseas markets, particularly Europe and South Asia, with expectations of overseas sales accounting for 6%-7% of total sales for the year [10] - **Competitive Position**: The merger between Skyworks and Qorvo may create a monopolistic giant, but it also presents opportunities for domestic manufacturers like 康希通信 to become key suppliers for major clients [11][19] Future Growth and Challenges - **Mobile WiFi Market**: The company is working to increase its market share in the mobile WiFi sector, which is crucial for future growth. Currently, WiFi 6 accounts for about 40% of revenue, while WiFi 7 contributes over 50% [12][16] - **Emerging Trends**: The company is observing a shift from Bluetooth to WiFi connections in certain applications, particularly in IoT and wearable devices, which may drive future product development [13][14][15] Shareholder Activity - **Shareholder Reduction**: Two major shareholders reduced their holdings, but this has not significantly impacted the company's operations or strategic direction [21] Conclusion - 康希通信 is positioned for growth with a strong focus on WiFi technology, diversification into new markets, and proactive management of legal challenges. The company remains optimistic about its future profitability and market expansion despite current challenges.

Core Points - The Shanghai Composite Index closed at 3960.19 points, with a decline of 0.41% and a total trading volume of 1,938.395 billion yuan [1] - A total of 107 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] Group 1: Stocks with Significant Death Cross - Hongyuan Electronics (603267) had a 5-day moving average of 52.69 yuan, down 1.97% from the 10-day moving average of 53.74 yuan, with a current price of 48.86 yuan, representing a deviation of -9.09% [1] - Zhongjian Technology (002779) reported a 5-day moving average of 123.82 yuan, down 1.88% from the 10-day moving average of 126.19 yuan, with a current price of 117.70 yuan, showing a deviation of -6.73% [1] - ST Huizhou (002122) showed a 5-day moving average of 3.56 yuan, down 1.41% from the 10-day moving average of 3.62 yuan, with a current price of 3.23 yuan, indicating a deviation of -10.65% [1] Group 2: Additional Stocks with Death Cross - Chao Hongji (002345) had a 5-day moving average of 13.02 yuan, down 1.33% from the 10-day moving average of 13.20 yuan, with a current price of 11.69 yuan, reflecting a deviation of -11.43% [1] - Kema Technology (301611) reported a 5-day moving average of 54.35 yuan, down 1.30% from the 10-day moving average of 55.06 yuan, with a current price of 52.30 yuan, showing a deviation of -5.02% [1] - Chuangyi Tong (300991) had a 5-day moving average of 40.78 yuan, down 1.26% from the 10-day moving average of 41.30 yuan, with a current price of 39.27 yuan, indicating a deviation of -4.91% [1]

Core Insights - 康希通信 is a leading supplier of Wi-Fi RF front-end chips and modules in China, established on August 11, 2015, and listed on the Shanghai Stock Exchange on November 17, 2023 [1] Financial Performance - In Q3 2025, 康希通信 achieved a revenue of 526 million yuan, ranking 21st among 34 companies in the industry, with the industry leader, 汇顶科技, generating 3.521 billion yuan [2] - The net profit for the same period was -30.53 million yuan, placing the company 24th in the industry, while the top performer, 汇顶科技, reported a net profit of 677 million yuan [2] Financial Ratios - As of Q3 2025, 康希通信's debt-to-asset ratio was 18.19%, up from 5.90% year-on-year, exceeding the industry average of 16.92%, indicating increased debt pressure [3] - The gross profit margin for Q3 2025 was 23.13%, an increase from 20.81% year-on-year, but still below the industry average of 36.44%, suggesting room for improvement in profitability [3] Executive Compensation - The chairman, PING PENG, received a salary of 2.2101 million yuan in 2024, an increase of 598,100 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 4.03% to 12,600, while the average number of circulating A-shares held per account decreased by 3.87% to 24,600 [5] - 中邮证券 forecasts 康希通信's revenue to reach 523 million yuan in 2024, a year-on-year increase of 25.98%, with cumulative sales of RF front-end chips and modules exceeding 900 million units [5] - Projected revenues for 2025, 2026, and 2027 are 653 million yuan, 784 million yuan, and 942 million yuan, respectively, with net profits of 1 million yuan, 40 million yuan, and 70 million yuan [5]

Core Viewpoint - Kangxi Communication announced the resignation of non-independent director Ms. Xing Xiao due to work commitments, effective immediately, and she will no longer hold any position within the company [1] Group 1 - The board of directors received a written resignation report from Ms. Xing Xiao [1] - Ms. Xing Xiao resigned from her position as a non-independent director and as a member of the audit committee of the second board of directors [1] - Following her resignation, Ms. Xing Xiao will not hold any positions within the company [1]

Group 1 - The core point of the article is that Kangxi Communication (688653.SH) reported its third-quarter results, showing significant revenue growth and a reduction in net loss compared to the previous year [1] Group 2 - For the first three quarters of 2025, the company achieved total operating revenue of 526 million yuan, representing a year-on-year increase of 39.32% [1] - The net profit attributable to shareholders of the parent company was a loss of 30.53 million yuan, which is a reduction of 3.34 million yuan compared to the same period last year [1] - The basic earnings per share were reported at -0.0728 yuan [1]

Group 1 - Company KANGXIN Communication reported a revenue of approximately 526 million yuan for the first three quarters of 2025, representing a year-on-year increase of 39.32% [1] - The net profit attributable to shareholders of the listed company was a loss of 30.53 million yuan [1] - The basic earnings per share showed a loss of 0.0728 yuan [1] Group 2 - As of the report, the market capitalization of KANGXIN Communication is 5.7 billion yuan [2]

证券代码：688653 证券简称：康希通信 公告编号：2025-055 募集资金到账后，已全部存放于经公司董事会批准开设的募集资金专项账户 内，公司及实施募投项目的全资子公司康希通信科技（上海）有限公司已与保荐 机构、存放募集资金的商业银行签署了募集资金三/四方监管协议。具体情况详 见公司 2023 年 11 月 16 日披露于上海证券交易所网站（www.sse.com.cn）的《格 1 / 4 兰康希通信科技（上海）股份有限公司首次公开发行股票科创板上市公告书》。 二、募集资金使用情况 截至 2025 年 9 月 30 日，公司首次公开发行股票募投项目及募集资金的具体 使用情况如下： 单位：万元 格兰康希通信科技（上海）股份有限公司 关于公司部分募集资金投资项目延期的公告 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、准确性和完整性承担法律责任。 格兰康希通信科技（上海）股份有限公司（以下简称"公司"或"康希通信"） 于 2025 年 10 月 29 日召开第二届董事会第十次会议，审议通过了《关于公司部 分募集资金投资项目延期的议案》，综合考虑当前募集 ...

证券代码：688653 证券简称：康希通信 公告编号：2025-054 投资种类：安全性高、流动性好、期限不超过 12 个月（含）、符合要 求的投资产品（包括但不限于结构性存款、定期存款、通知存款、大额存单 等）。 投资金额：人民币 25,000.00 万元 已履行及拟履行的审议程序：公司于 2025 年 10 月 29 日召开第二届董事 会第十次会议，审议并通过了《关于使用部分暂时闲置募集资金进行现金管理的 议案》，保荐机构招商证券股份有限公司对本事项出具了明确同意的核查意见。 本事项无需提交股东会审议。 特别风险提示：尽管公司拟投资安全性高、流动性好、期限不超过 12 个月（含）的投资产品，投资风险可控，但金融市场受宏观经济影响较大， 公司将根据经济形势以及金融市场的变化适时适量介入，也不排除该项投资 受到市场波动的影响，存在一定的系统性风险。 一、投资情况概述 （一）投资目的 由于募集资金投资项目建设需要一定周期，根据募集资金投资项目建设进度， 现阶段募集资金在短期内出现暂时闲置的情况。 格兰康希通信科技（上海）股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的 公告 本公司董事会及全体董事保证本 ...