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]

Core Viewpoint - The company plans to invest RMB 30 million in the Shanghai Haiwang Hezhong Private Equity Fund, which focuses on growth and mature enterprises in key industries such as integrated circuits, high-end manufacturing, and biomedicine, aligning with the company's main business [1][2][3] Investment Overview - The investment will be made as a limited partner (LP) in the Haiwang Hezhong fund, which has a total subscription amount of RMB 2.11 billion, with the company's contribution representing 1.4218% of the total [3][7] - The investment is intended to leverage the expertise and resources of professional investment institutions to optimize the company's investment structure and capture industry opportunities [2][15] Related Party Transactions - The investment involves a related party transaction as Shanghai Pudong Haiwang Private Fund Management Co., Ltd., the general partner (GP) of the fund, is associated with the company through an external director [1][4] - The transaction does not constitute a major asset restructuring as defined by regulations [1][4] Decision and Approval Process - The investment was approved by the company's board of directors and independent directors, with the related party abstaining from the vote, and does not require shareholder approval [2][17] - The independent directors believe the investment will enhance the company's ecological layout in the industry chain and is conducted on fair and reasonable terms [17] Fund Management and Structure - The fund will have a lifespan of 8 years, with a 5-year investment period followed by an exit period, during which the GP can extend the investment or exit periods under certain conditions [7][13] - The management fee for the fund is set at 2% per year, based on the partners' subscribed capital during the investment period [9][10] Financial Impact - The investment will not be consolidated into the company's financial statements and is expected to have no adverse impact on the company's operations or financial health [15][16] - The company will fulfill its capital contribution obligations as per the GP's payment notice [3][16]

Core Points - The company, Gran Konshi Communication Technology (Shanghai) Co., Ltd., will hold a half-year performance briefing on September 5, 2025, from 13:30 to 14:30 [1][2] - The briefing will be conducted via video recording and online interaction at the Shanghai Stock Exchange Roadshow Center [2][3] - Investors can submit questions from August 29, 2025, to September 4, 2025, before 16:00, through the Roadshow Center website or via the company's email [3] Meeting Details - **Date and Time**: September 5, 2025, from 13:30 to 14:30 [1][2] - **Location**: Shanghai Stock Exchange Roadshow Center (website: https://roadshow.sseinfo.com/) [1][2] - **Format**: Video recording combined with online interaction [2] Participants - The meeting will include key personnel such as the Chairman and General Manager, Mr. Ping Peng, and the Secretary of the Board and CFO, Ms. Peng Yali [2] - Independent Director, Mr. Li Chunqiang, will also participate [2] Investor Participation - Investors can join the performance briefing online on the specified date and time [2] - Questions can be pre-submitted through the Roadshow Center or via the company's email [3] Contact Information - **Contact Person**: Securities Investment Department [3] - **Phone**: 021-50479130 [3] - **Email**: kctzqb@kxcomtech.com [3] Additional Information - After the briefing, investors can view the meeting's details and main content on the Roadshow Center website [3]

Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2025, focusing on enhancing its market image and investor confidence while driving sustainable development and competitiveness in the wireless communication sector [1][12]. Group 1: Business Focus and Product Development - The company specializes in the design of Wi-Fi FEM chips, achieving industry-leading performance in Wi-Fi 5, Wi-Fi 6, and Wi-Fi 7 products, with over 50% of revenue coming from Wi-Fi 7 series products in the first half of 2025 [2][3]. - In Q2 2025, the company reported a revenue of 192.25 million yuan, a year-on-year increase of 35.16% and a quarter-on-quarter increase of 42.04%, with a net profit of 5.47 million yuan, marking a return to profitability [2][3]. - The company is advancing into the Wi-Fi 8 standard and aims to maintain its competitive edge by expanding its product matrix and enhancing brand image [2][3]. Group 2: Innovations in IoT and RF Front-End Technologies - The company has made breakthroughs in RF front-end chips for low-altitude economy applications, securing bulk orders and supporting domestic replacement processes [2][3]. - The company’s industrial IoT products have been successfully integrated into the Wi-Fi Halow platform, facilitating stable communication for long-distance smart control [3]. - The company has become a council member of the International Starry Flash Wireless Short-Distance Communication Alliance, promoting innovations in wireless communication technologies for various applications [3]. Group 3: Research and Development - As of June 30, 2025, the company has obtained 22 invention patents, 13 utility model patents, and 54 other intellectual property rights, emphasizing the importance of continuous R&D investment [3][4]. - The company is focused on enhancing the performance of existing products and diversifying its product offerings through ongoing R&D efforts [3][4]. Group 4: Corporate Governance and Investor Relations - The company is committed to improving its governance structure in compliance with relevant laws and regulations, ensuring stable and healthy development [5][6]. - The company emphasizes effective information disclosure and has conducted 13 investor research meetings in the first half of 2025, engaging with 229 institutions to enhance transparency and communication [8][9]. - The company has proposed a stock repurchase plan, having repurchased 6.004 million shares, which represents 1.41% of the total share capital, to enhance investor confidence and protect shareholder interests [12][13].

Core Points - The document outlines the information disclosure management system of Granconxi Communication Technology (Shanghai) Co., Ltd, emphasizing the importance of compliance with relevant laws and regulations to protect the rights of stakeholders [1][2][3]. Group 1: General Principles - The company must disclose information that significantly reflects its business, technology, finance, governance, competitive advantages, industry trends, and risk factors to facilitate informed investment decisions [6][7]. - Information disclosed must be truthful, accurate, complete, and clear, avoiding any misleading statements or omissions [2][4]. Group 2: Disclosure Obligations - The company and related parties are required to fulfill their disclosure obligations according to laws and regulations, ensuring that all investors receive the same information simultaneously [3][4]. - Any significant information that could impact stock prices must be disclosed promptly, even if it does not meet specific disclosure standards [8][9]. Group 3: Reporting Requirements - The company is required to prepare and disclose periodic reports, including annual and interim reports, within specified timeframes [22][23]. - Annual reports must include essential information such as company basics, financial data, stock and bond issuance, major shareholders, and significant events affecting the company [24][25]. Group 4: Temporary Reports - Temporary reports must be issued immediately for significant events that could impact stock prices, detailing the event's cause, current status, and potential effects [33][34]. - The company must disclose any major risks, such as significant losses or legal issues, that could affect its operations [35][36]. Group 5: Management of Disclosure - The board of directors is responsible for overseeing the information disclosure process, with the board secretary coordinating the specific tasks [53][54]. - All members of the board must ensure the accuracy and completeness of disclosed information, bearing individual and joint responsibility for any inaccuracies [54][55].

Core Insights - 康希通信 has successfully launched high-efficiency, high-power RF front-end chips for drones in the low-altitude economy sector, with strong market demand and secured bulk orders from leading clients [1] Financial Performance - In the first half of 2025, 康希通信 reported revenue of 328 million yuan, representing a year-on-year growth of 45.92%, with Wi-Fi 7 series products accounting for over 50% of total revenue, becoming the core growth driver [1] - Despite the revenue growth, the company recorded a net loss of 24.73 million yuan due to patent litigation costs, although it achieved a profit of 5.47 million yuan in the second quarter alone [1] Product Development - 康希通信 is initiating research on Wi-Fi 8, with sample products expected to be launched in 2026 [1] - In addition to Wi-Fi 7, the company is diversifying its product offerings in areas such as Star Flash 2.0, industrial IoT, and smart home technologies, launching multi-protocol RF front-end chips that support UWB, Bluetooth, and ZigBee [1] Market Position - 康希通信's products have entered the supply chains of major clients such as Midea, Haier, and Hisense, contributing to its growth [1] - The company is also involved in joint ventures with enterprises like Chip Semiconductor, focusing on new categories such as AI toys and AI glasses, which are expected to add incremental revenue [1]

公司拟以自有资金出资人民币 3,000.00 万元，出资金额占海望合纵总认缴出 资额的 1.4218%。 本次投资中公司未对其他投资人承诺保底收益或进行退出担保。 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 参与投资私募基金暨关联交易的核查意见 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 公开发行股票并上市持续督导的保荐机构，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》《上海证券交易所上市公司自律监管 指引第 11 号——持续督导》《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》等相关法律、法规和规范性文件的规定，对康希通信参与投资 私募基金暨关联交易的事项进行了核查，具体情况如下： 一、参与投资私募基金暨关联交易概述 （一）基本情况 为借助专业投资机构的经验和资源，拓宽投资方式和渠道，把握公司所在行 业的投资机会，优化公司投资结构，实现产业协同。公司作为有限合伙人（LP） 参与投资上海海望合纵私募基金合伙企业（有限合伙）（以下简称"海望合纵"）。 ...

Group 1 - The core point of the article is that 康希通信 (Kangxi Communication) reported its mid-year financial results for 2025, showing a significant increase in revenue but continued losses [1] Group 2 - The company achieved total operating revenue of 328 million yuan, representing a year-on-year growth of 45.92% [1] - The net profit attributable to shareholders of the parent company was a loss of 24.73 million yuan, which is an increase in loss of 6.823 million yuan compared to the same period last year [1] - The basic earnings per share were reported at -0.0589 yuan [1]

Core Insights - The company reported a significant increase in revenue for the first half of 2025, achieving 328 million yuan, which represents a year-on-year growth of 45.92% [1] - Despite the revenue growth, the company recorded a net loss attributable to shareholders of 24.73 million yuan, with a basic earnings per share of -0.0589 yuan [1] - The primary driver for the revenue increase was the rapid growth in sales of Wi-Fi 7 products, indicating strong market competitiveness [1]

格兰康希通信科技（上海）股份有限公司 关于召开 2025 年半年度业绩说明会的公告 证券代码：688653 证券简称：康希通信 公告编号：2025-051 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： 会议召开时间：2025 年 9 月 5 日（星期五）下午 13:30-14:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播和网络互动 投资者可于 2025 年 8 月 29 日（星期五）至 9 月 4 日（星期四）16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 （kctzqb@kxcomtech.com）进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 格兰康希通信科技（上海）股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日发布公司《2025 年 ...