Core Viewpoint - As of November 13, a total of 124 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Significant Net Buying - The stock with the longest consecutive net buying days is Beijing Bank, which has seen net buying for 13 consecutive trading days [1] - Other notable stocks with significant net buying days include Xidi Micro, CITIC Bank, Dingyang Technology, Yindu Co., Galaxy Microelectronics, Xingyu Co., Shihua Technology, and Xinke Mobile [1]

Core Viewpoint - The announcement details the election of the fourth board of directors and the appointment of senior management personnel at Changzhou Galaxy Century Microelectronics Co., Ltd. during the first extraordinary shareholders' meeting held on November 3, 2025. Group 1: Board of Directors Election - The fourth board of directors was elected, consisting of non-independent and independent directors, with a term of three years starting from the approval date by the shareholders' meeting [1]. - Mr. Yang Senmao was elected as the chairman of the fourth board of directors, with his term lasting until the end of the board's term [1]. Group 2: Specialized Committees - The specialized committees of the fourth board were established, including: - Strategic and Development Committee with members Yang Senmao, Liu Jun, and Yang Lanlan, where Yang Senmao serves as the convener [2]. - Audit and Internal Control Committee with members Wang Pucha, Shen Shijuan, and Meng Lang, with Wang Pucha as the convener [2]. - Nomination and Remuneration Committee with members Shen Shijuan, Yang Lanlan, and Yang Senmao, with Shen Shijuan as the convener [2][3]. Group 3: Senior Management Appointments - The board approved the appointments of senior management personnel, including: - Liu Jun as General Manager - Cao Yanjun and Yang Cheng as Deputy General Managers - Yang Cheng as Financial Director - Guo Yubing as Technical Director - Li Fucheng as Board Secretary [4][5][8]. Group 4: Internal Audit and Securities Affairs - Ms. Gao Hongyan was appointed as the head of the internal audit department, with her term aligned with the board's term [6]. - Ms. Yue Xinying was appointed as the securities affairs representative, meeting the qualifications required by relevant laws and regulations [7].

Group 1 - The company held its fourth board meeting on November 3, 2025, where it elected Yang Senmao as the chairman of the fourth board of directors [1] - Yang Senmao's term will last from the date of the board's approval until the end of the fourth board's term [1]

| 证券代码：688689 | 证券简称：银河微电 | 公告编号：2025-050 | | --- | --- | --- | | 转债代码：118011 | 转债简称：银微转债 | | 常州银河世纪微电子股份有限公司 关于选举董事长、董事会专门委员会委员及聘任高级 管理人员、内审部负责人、证券事务代表的公告 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、准确性和完整性依法承担法律责任。 常州银河世纪微电子股份有限公司（以下简称"公司"）于2025年11月3日 召开2025年第一次临时股东会，选举产生了第四届董事会非独立董事和独立董事， 与经公司职工代表大会选举产生的职工代表董事共同组成了公司第四届董事会， 任期自股东会审议通过之日起三年。 同日，公司召开第四届董事会第一次会议，审议通过了《关于选举公司第四 届董事会董事长的议案》《关于选举公司第四届董事会专门委员会委员的议案》 《关于聘任公司总经理的议案》《关于聘任公司副总经理的议案》《关于聘任公 司财务总监的议案》《关于聘任公司技术总监的议案》《关于聘任公司董事会秘 书的议案》等议案，相关情况公告如下 ...

| 证券代码：688689 | 证券简称：银河微电 | 公告编号：2025-049 | | --- | --- | --- | | 转债代码：118011 | 转债简称：银微转债 | | 常州银河世纪微电子股份有限公司 2025年第一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 3 日 （二） 股东会召开的地点：常州银河世纪微电子股份有限公司一楼会议室 （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东会由董事长杨森茂先生主持，会议采用现场投票与网络投票相结合 的表决方式进行表决。本次会议的召集、召开符合《公司法》《证券法》等法律、 法规、规范性文件及《公司章程》《股东会议事规则》的规定。 （五） 公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 （一） 非累积投票议案 1、 议案名称：关于取消监事会、变更注册资本、修订《公司章程》并办理工商 变 ...

国浩律师（南京）事务所 关于 常州银河世纪微电子股份有限公司 2025 年第一次临时股东会的 法律意见书 . 中国江苏省南京市汉中门大街 309 号 B 座 5-7-8 层 邮编：210036 5-7-8/F, Block B, 309 Hanzhongmen Street, Nanjing, China, 210036 电话/Tel: +86 25 8966 0900 传真/Fax: +86 25 89660966 网址/Website: http://www.grandall.com.cn 国浩律师（南京）事务所 法律意见书 国浩律师（南京）事务所 关于常州银河世纪微电子股份有限公司 2025 年第一次临时股东会的 法律意见书 致：常州银河世纪微电子股份有限公司 国浩律师（南京）事务所（以下简称"本所"）接受常州银河世纪微电子股 份有限公司（以下简称"公司"）的委托，就公司 2025 年第一次临时股东会（以 下简称"本次股东会"）召开的有关事宜，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、中国证监会发布的《上市公司股东会规则》（以下简 称"《股东会规则》"）等法律、法规和规范性文件以及《常州 ...

Core Insights - Galaxy Microelectronics, established in October 2006 and listed on the Shanghai Stock Exchange in January 2021, specializes in semiconductor discrete devices with strong R&D capabilities and product quality reaching advanced domestic levels [1] Financial Performance - For Q3 2025, Galaxy Microelectronics reported revenue of 745 million, ranking 11th among 18 companies in the industry, with the industry leader, Wentaik Technology, achieving revenue of 29.769 billion [2] - The net profit for the same period was 39.2462 million, placing the company 12th in the industry, while the top performer, Wentaik Technology, reported a net profit of 1.505 billion [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 38.53%, an increase from 35.82% year-on-year, exceeding the industry average of 24.02% [3] - The gross profit margin was 23.71%, down from 26.91% year-on-year, and also below the industry average [3] Executive Compensation - The chairman, Yang Senmao, received a salary of 846,900, a decrease of 11,100 from the previous year, while the general manager, Liu Jun, earned 901,300, down 137,400 from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 3.81% to 8,319, with an average holding of 15,500 shares, a decrease of 3.67% [5]

Core Insights - The company, Galaxy Microelectronics (688689.SH), reported a total revenue of 745 million yuan for Q3 2025, with a net profit attributable to shareholders of 46.29 million yuan [1] - The operating cash flow showed a net inflow of 26.89 million yuan, which is a decrease of 18.14 million yuan compared to the same period last year, representing a year-on-year decline of 40.28% [1] Financial Performance - The latest asset-liability ratio stands at 38.53%, an increase of 2.70 percentage points compared to the same period last year [3] - The gross profit margin is reported at 23.71%, which is a decrease of 0.34 percentage points from the previous quarter and a decline of 3.20 percentage points year-on-year [3] - The return on equity (ROE) is recorded at 3.44% [3] - The diluted earnings per share (EPS) is 0.36 yuan [4] Operational Metrics - The total asset turnover ratio is 0.33 times, while the inventory turnover ratio is 2.76 times [5] - The number of shareholders is 8,319, with the top ten shareholders holding a total of 87.89 million shares, accounting for 68.18% of the total share capital [5] - The largest shareholder is Changzhou Galaxy Xingyuan Investment Co., Ltd., holding 31.61% of the shares [5]

Core Insights - The company reported a revenue of 268,194,052.78 yuan for the third quarter of 2025, representing a year-on-year growth of 20.81% [1] - The net profit attributable to shareholders of the listed company was 19,070,984.03 yuan, showing a significant year-on-year increase of 88.94% [1] Financial Performance - Revenue for Q3 2025: 268,194,052.78 yuan, up 20.81% year-on-year [1] - Net profit for Q3 2025: 19,070,984.03 yuan, up 88.94% year-on-year [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥268,194,052.78, representing a year-on-year increase of 20.81%[4] - The total profit for the quarter was ¥18,688,765.99, showing a significant increase of 94.01% compared to the same period last year[4] - The net profit attributable to shareholders was ¥19,070,984.03, an increase of 88.94% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥15,679,572.69, which is a substantial increase of 205.93% compared to the previous year[4] - The basic and diluted earnings per share for the quarter were both ¥0.15, reflecting an increase of 87.50% year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥744,797,186.08, an increase of 16.66% compared to ¥638,093,850.20 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥39,246,200.64, a decrease of 9.56% from ¥43,339,969.26 in 2024[22] - Earnings per share for the first three quarters of 2025 were ¥0.36, slightly up from ¥0.35 in the same period of 2024[22] Assets and Liabilities - The total assets at the end of the quarter were ¥2,248,526,508.47, representing a 1.94% increase from the end of the previous year[5] - The total assets of the company amounted to ¥2,248,526,508.47, an increase from ¥2,205,810,186.87 in the previous year, indicating a growth of 1.93%[17] - The total liabilities of the company as of the latest report were ¥866,340,410.00, compared to ¥840,355,674.45 in the previous year, reflecting a growth of 3.57%[17] - The total current assets as of September 30, 2025, amount to RMB 1,651,109,444.81, a slight decrease from RMB 1,663,428,727.20 at the end of 2024[15] - The company's total non-current assets as of September 30, 2025, are RMB 597,417,063.66, up from RMB 542,381,459.67, indicating an increase of about 10.2%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥26,899,203.29, which decreased by 40.28% compared to the previous year[4] - Operating cash inflow for the first three quarters of 2025 was CNY 596,593,354.80, an increase of 15.4% compared to CNY 516,909,576.40 in the same period of 2024[23] - Net cash flow from operating activities decreased to CNY 26,899,203.29 from CNY 45,043,495.33, representing a decline of 40.2% year-over-year[23] - Cash inflow from investment activities totaled CNY 2,244,279,622.71, up from CNY 2,195,601,929.65, marking a growth of 2.2% year-over-year[24] - Net cash flow from investment activities was negative at CNY -80,319,814.00, improving from CNY -108,048,733.10 in the previous year[24] - Cash inflow from financing activities decreased to CNY 10,300,000.00 from CNY 28,200,000.00, a decline of 63.5% year-over-year[24] - Net cash flow from financing activities was CNY -29,112,082.49, slightly better than CNY -32,796,083.60 in the same period last year[24] - The ending balance of cash and cash equivalents was CNY 163,762,938.30, down from CNY 177,594,517.86 year-over-year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,319[12] - The largest shareholder, Changzhou Galaxy Star Source Investment Co., Ltd., holds 31.61% of the shares, totaling 40,747,740 shares[12] - The total equity attributable to shareholders reached ¥1,347,001,371.63, an increase of 1.67% from ¥1,326,873,054.83 in the previous year[17] - The equity attributable to shareholders increased to ¥1,347,001,371.63, up by 1.52% from the previous year-end[5] - The company has not reported any significant changes in shareholder relationships or agreements during the reporting period[13] Research and Development - Research and development expenses totaled ¥15,078,020.58, accounting for 5.62% of operating revenue, a decrease of 1.17 percentage points from the previous year[5] - Research and development expenses increased to ¥46,146,770.01 in 2025, representing a rise of 15.99% from ¥39,754,021.90 in 2024[21] Inventory and Costs - The company experienced a significant improvement in inventory turnover, contributing to the reduction of stagnant inventory and subsequent asset impairment losses[9] - The company's gross profit margin for the first three quarters of 2025 was approximately 4.67%, down from 6.67% in the same period of 2024[21] - Total operating costs for the first three quarters of 2025 were ¥707,738,619.82, up 19.48% from ¥592,175,389.51 in 2024[21] - The company reported an increase in inventory from RMB 195,078,809.83 to RMB 216,632,466.95, which is an increase of approximately 11.1%[15] - Accounts payable decreased from RMB 244,846,270.30 to RMB 231,371,771.99, a reduction of about 5.5%[16] Tax and Investment Income - The company received tax refunds amounting to CNY 5,669,967.53, significantly higher than CNY 1,772,479.64 in the previous year, indicating a growth of 219.5%[23] - The company reported a decrease in investment income from joint ventures, with a loss of ¥1,538,362.28 in 2025 compared to a loss of ¥2,714,489.96 in 2024[21] - The company has not reported any net profit from the merged entity, with both current and previous periods showing a net profit of CNY 0[23]