南财智讯8月25日电，盛科通信公告，持股5%以上股东国家集成电路产业投资基金股份有限公司通过集 中竞价方式减持公司股份34.91万股，占公司总股本的比例从17.09%减少至17.00%，权益变动触及1%刻 度。本次权益变动不触及要约收购，不会对公司治理结构及持续经营产生重大影响。国家集成电路产业 投资基金股份有限公司将继续按照相关规定履行信息披露义务。 ...

苏州盛科通信股份有限公司 第二届监事会第六次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 苏州盛科通信股份有限公司（以下简称"公司"）于 2025 年 7 月 31 日以电 子邮件方式向全体监事发出第二届监事会第六次会议通知及相关材料，会议于 主席阮英轶先生主持，应出席监事 3 人，实际出席监事 3 人。本次会议的召集、 召开和表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"）及 《苏州盛科通信股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 表决形成的决议合法、有效。 证券代码：688702 证券简称：盛科通信 公告编号：2025-018 表决结果：3 票同意，0 票反对，0 票弃权。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《盛 科通信 2025 年半年度报告》及《盛科通信 2025 年半年度报告摘要》。 （二）审议通过《关于 2025 年半年度募集资金存放与实际使用情况的专项 报告的议案》 监事会认为：根据《上市公司募 ...

Fundraising Overview - The company successfully raised a total of RMB 2,000 million through the issuance of 50 million shares at a price of RMB 42.66 per share, with all funds received by September 8, 2023 [1][2] - As of June 30, 2025, the company has utilized RMB 707.46 million of the raised funds, with RMB 165.61 million used during the reporting period [1][2] Fund Management - The company has established a fundraising management system to regulate the storage, use, and supervision of the raised funds, ensuring they are kept in dedicated accounts [1][2] - A tripartite supervision agreement was signed with various banks to ensure proper management of the funds [1][2] Fund Usage - The company has not used idle funds for temporary working capital during the reporting period [2] - A total of RMB 300 million of excess funds has been permanently allocated to supplement working capital, with RMB 600 million used cumulatively for this purpose [2][3] - The project "Next-Generation Network Switch Chip R&D and Production" has been completed, with total investment of RMB 600 million and no remaining funds [2][3] Cash Management - The company has engaged in cash management of idle funds, investing up to RMB 800 million in safe, liquid financial products, with a total of RMB 325.39 million currently managed [2][3] Project Status - The company has not changed any fundraising project during the reporting period, and there have been no external transfers or replacements of projects [2][3] - The project "Next-Generation Network Switch Chip R&D and Production" has reached its intended use status, with a total investment of RMB 589.63 million [3]

苏州盛科通信股份有限公司 为贯彻落实关于开展科创板上市公司"提质增效重回报"专项行动的倡议，落实以投资 者为本的理念，推动苏州盛科通信股份有限公司（以下简称"盛科通信"或"公司"）持续优 化经营、规范治理和积极回报投资者，大力提高上市公司质量，助力信心提振、资本市场稳 定和经济高质量发展的精神要求，结合公司自身发展战略、经营情况和财务情况，公司制定 了盛科通信 2025 年度"提质增效重回报"行动方案，以进一步提升公司经营管理水平，强化 市场竞争力，提升资本市场参与者的信心，稳定股价，树立良好的资本市场形象。 效情况报告如下： 一、持续加大研发投入，坚持技术创新，引领公司高质量发展 盛科通信为国内领先的以太网交换芯片设计企业，以太网交换芯片是构建企业网络、运 营商网络、数据中心网络和工业网络的核心平台型芯片。经过十余年的技术积累，公司现已 形成丰富的以太网交换芯片产品序列，公司在国内具备先发优势和市场引领地位，产品覆盖 从接入层到核心层的以太网交换产品，为我国数字化网络建设提供了丰富的芯片解决方案。 公司面向国家数字化网络建设需求，以打造更快、更灵活、更安全、更智能的网络为目 标，坚持自主研发。基于规模化市场 ...

Core Viewpoint - Suzhou Shengke Communication Co., Ltd. reported a net loss attributable to shareholders of 23.69 million yuan for the first half of 2025, continuing its trend of unprofitability due to a long-term development strategy focused on R&D investment and market expansion [2]. Financial Performance - The net profit attributable to shareholders was -23.69 million yuan, and the net profit after deducting non-recurring gains and losses was -62.82 million yuan for the first half of 2025 [2]. - Cumulative unabsorbed losses reached 155.63 million yuan as of June 30, 2025 [2]. - Total assets decreased by 3.06% from the end of the previous year, amounting to 2.58 billion yuan [2]. - Operating revenue for the period was 507.95 million yuan, a decline of 4.56% compared to the same period last year [2]. Strategic Focus - The company emphasizes a long-term development strategy, increasing R&D investment and expanding its R&D team to build a competitive edge in high-end products through technological innovation [2]. - In the mid-range and low-end product segments, the company is actively working on product line extensions and upgrades to capitalize on domestic market opportunities [2]. - The company acknowledges that if market expansion for its products does not meet expectations, it could significantly impact profitability and delay the timeline for achieving profitability [2].

Summary of Conference Call Records Industry Overview - The conference call primarily discusses the **domestic computing power industry** in China, particularly focusing on the developments and future prospects of **AI and large models** [1][3][4]. Key Points and Arguments 1. **Increased Capital Expenditure**: Major companies are showing enhanced confidence in investing in AI and large models, with expectations of capital expenditure growth in 2026, which is likely to boost domestic computing power demand [1][3]. 2. **Core Operating Data Disclosure**: Companies like Tencent and Kuaishou have begun to disclose key operational data, such as token consumption, improving market sentiment towards domestic computing power [1][3]. 3. **Model and Application Updates**: Companies including Minimax and Kuaishou have released updates to their models and applications, such as Deepsec V3.1, positively impacting market sentiment [1][3]. 4. **Supply Chain Changes**: Major companies have started to accept domestic chips, with widespread application in the internet sector since Q3, indicating positive changes on the supply side [1][3]. 5. **Export Control Uncertainties**: Recent uncertainties regarding H20 export controls and potential halts in production provide domestic computing power with time and space for product iteration and capacity enhancement [1][4]. 6. **Upcoming Product Launches**: A new wave of domestic computing power products is expected to be launched in 2026, with performance comparable to NVIDIA's H100 and H800, allowing for increased market share due to trade friction limiting overseas chip procurement [1][4]. Additional Important Insights 1. **Long-term Growth Prospects**: The future outlook for the domestic computing power sector is optimistic, with anticipated new product releases and enhanced competitiveness [4][8]. 2. **Technological Adaptation**: The introduction of U18M 0 data representation is expected to improve performance and efficiency in both domestic and NVIDIA cards, indicating a significant engineering optimization [5][6]. 3. **Market Position of Shengke Communication**: Shengke Communication holds a unique position in the domestic computing power supply chain, with a product range that spans from 100G to 25.6T switching capacity, and is well-positioned to benefit from the increasing demand for domestic chips [2][10][12]. 4. **Server Sector Dynamics**: The server sector is experiencing high demand, driven by the growth of domestic AI chips and the increasing acceptance of these chips by operators, suggesting a positive outlook for companies like Inspur and Ziguang [16][18]. Conclusion The domestic computing power industry is poised for growth, driven by increased investments in AI, positive market sentiment from key operational disclosures, and significant technological advancements. Companies like Shengke Communication are strategically positioned to capitalize on these trends, while the server sector remains robust amid rising demand for AI capabilities.

Core Insights - Suzhou Shengke Communication Co., Ltd. reported a revenue of 508 million yuan for the first half of 2025, representing a year-on-year decline of 4.56% [2] - The net loss attributable to shareholders was 23.6891 million yuan, with the loss narrowing by approximately 33.1981 million yuan compared to the previous year [2] - The adjusted net loss after excluding non-recurring items was 62.8153 million yuan, a year-on-year reduction of 17.3269 million yuan [2] Financial Performance - Revenue for the reporting period was 508 million yuan, down 4.56% year-on-year [2] - Net profit loss was 23.6891 million yuan, with a reduction in loss by 33.1981 million yuan year-on-year [2] - The adjusted net profit loss was 62.8153 million yuan, showing a year-on-year improvement of 17.3269 million yuan [2] Operational Factors - The narrowing of losses was attributed to supply chain optimization and changes in sales structure, which led to an increase in overall gross profit margin [2] - Additional income was generated from the VAT input tax credit policy [2] Company Background - Shengke Communication is one of the earliest companies in China to invest in the research and development of Ethernet switching chips [2] - The company specializes in the R&D, design, and sales of Ethernet switching chips and related products, covering switching capacities from 100 Gbps to 25.6 Tbps and port speeds from 100M to 800G [2] - Its products are widely used in enterprises, carriers, data centers, and industrial networks, and the company has entered the supply chains of major domestic network equipment manufacturers such as H3C and Ruijie Networks [2]

Investment Rating - The report rates the communication industry as "Recommended," expecting the industry index to rise more than 5% over the next 3-6 months compared to the benchmark index [29]. Core Insights - The communication sector has shown strong performance, with a weekly increase of 10.84%, outperforming the CSI 300 index by 6.66 percentage points and the ChiNext index by 4.99 percentage points [9][10]. - Year-to-date, the communication industry has risen by 44.91%, significantly surpassing the CSI 300 index's increase of 11.26% by 33.65 percentage points [9][10]. - The report highlights the launch of DeepSeek V3.1, which is designed for the next generation of domestic chips, showcasing improved reasoning speed and capabilities compared to previous versions [16][17]. - ByteDance is developing an AI phone named "Doubao," with ZTE as the ODM manufacturer, expected to be tested internally by the end of this year or early next year [21][22]. Summary by Sections Industry Basic Data - The communication industry consists of 123 listed companies with a total market value of approximately 49,248.97 billion and a circulating market value of about 23,006.93 billion [2]. Relative Index Performance - The absolute performance of the communication sector over 1 month, 6 months, and 12 months is 8.7%, 18.6%, and 30.5%, respectively [3]. Stock Performance - The top five gainers in the communication sector this week include Shengke Communication-U (+43.95%), ZTE (+32.21%), and Ruijie Networks (+32.17%) [12][13]. - The top five decliners include Gaohong Shares (-22.67%) and Beiwai Technology (-11.16%) [12][13]. Key Recommendations - The report recommends focusing on major operators such as China Mobile, China Telecom, and China Unicom, as well as companies in various segments like optical modules and satellite communications [23].

人民财讯8月24日电，盛科通信(688702)8月24日晚间披露2025年半年报，上半年实现营业收入5.08亿 元，同比下降4.56%；归母净利润亏损2368.91万元，上年同期净亏损5688.71万元。 ...

Company Performance - Shengke Communication reported a revenue of approximately 508 million yuan for the first half of 2025, representing a year-on-year decrease of 4.56% [1] - The net profit attributable to shareholders was a loss of approximately 23.69 million yuan, with a basic earnings per share loss of 0.06 yuan [1] - In comparison, for the same period in 2024, the revenue was approximately 532 million yuan, with a net profit loss of about 56.89 million yuan and a basic earnings per share loss of 0.14 yuan [1] Market Capitalization - As of the report, Shengke Communication's market capitalization stands at 53.3 billion yuan [1]