Core Viewpoint - Chengdu Huami (688709.SH) has successfully launched its HWD9361 RF transceiver chip, marking a significant breakthrough in the field of RF transceiver technology [1] Group 1: Product Development - The HWD9361 chip is a two-receive, two-transmit RF transceiver with a maximum bandwidth of 56MHz, representing the company's first product in the zero-IF RF transceiver category [1] - The chip features a "ten thousand jump" capability, enhancing its performance and versatility in various applications [1] Group 2: Applications and Benefits - The HWD9361 chip is designed for a wide range of applications, including communication base stations, software-defined radio, point-to-point communication systems, microwave communication, and radar systems [1] - It aims to improve base station signal coverage and communication capacity, simplify hardware design for software-defined radios, and ensure stable transmission and high-quality restoration of point-to-point communication signals [1] Group 3: Market Expansion and Future Plans - The successful launch of the HWD9361 chip expands the company's high-speed signal chain product portfolio and broadens its market opportunities [1] - The company plans to continue its technological advancements to meet customer demands and promote the development of high-speed signal chain chips in the domestic market [1]

Group 1: Company Announcements - Mindray Medical plans to issue H-shares and list on the Hong Kong Stock Exchange, pending shareholder and regulatory approvals [1] - Shenghe Resources expects a net profit increase of 696.82% to 782.96% for the first three quarters of 2025, driven by favorable market demand and price increases for rare earth products [2] - Shandong Gold anticipates a net profit increase of 83.9% to 98.5% for the first three quarters of 2025, attributed to improved operational efficiency and rising gold prices [3] - Newray Materials reports significant stock price volatility, indicating potential market overreaction, although no fundamental changes have occurred [4] - Longbai Group's subsidiary has filed a lawsuit for technology infringement, with the amount involved totaling 1.311 billion yuan [5] - Chengdu Huami has launched a new RF transceiver chip, marking a significant breakthrough in its product line, although it is still in the early stages of market introduction [6] - Zhuhai Port has received approval from the CSRC to issue up to 1 billion yuan in technology innovation bonds [7] - Shengton Mining plans to acquire 100% of Canadian Loncor for approximately 1.9 billion USD, with core assets including a significant gold mining project in the Democratic Republic of Congo [8][9] Group 2: Financial Performance - Xiaogoods City reports a 100.52% increase in net profit for Q3 2025, with total revenue of 5.348 billion yuan, up 39.02% year-on-year [10] - Xianda Co. expects a net profit increase of 2807.87% to 3211.74% for the first three quarters of 2025, driven by rising prices of its main product [11] - Xianggang Technology anticipates a net profit increase of 182% to 200% for the first three quarters of 2025, supported by market expansion efforts [12] - Tongda Co. expects a net profit increase of 50.01% to 111.12% for the first three quarters of 2025, due to increased orders and delivery volumes [13] - Rockchip expects a net profit increase of 116% to 127% for the first three quarters of 2025, driven by growth in the AIoT market [14] - Jiantou Energy anticipates a net profit increase of 231.75% for the first three quarters of 2025, attributed to lower costs in its thermal power business [15] - Chongqing Steel expects a loss of 210 million to 230 million yuan for the first three quarters of 2025, an improvement from a loss of 1.35 billion yuan in the same period last year [16] - Yuanda Intelligent expects a net profit of 33.84 million to 50.74 million yuan for the first three quarters of 2025, recovering from a loss in the previous year [17] - China Metallurgical Group reports a 14.7% decline in new contracts signed in the first nine months of 2025, totaling 760.67 billion yuan, while overseas contracts increased by 10.1% [18]

Market Reactions - Xinlai Materials' stock price has deviated significantly from the ChiNext Composite Index, with a cumulative deviation exceeding 30% over two trading days, indicating potential market overheating despite no major changes in the company's fundamentals [3] - Longbai Group's subsidiary has filed a lawsuit for the infringement of trade secrets, with the amount involved totaling 1.311 billion yuan [4] Product Developments - Chengdu Huamei has successfully launched its first zero-intermediate frequency RF transceiver chip, which features a maximum bandwidth of 56MHz and is currently in the early stages of market introduction [5] Financial Performance - Xiaogoods City reported a 100.52% year-on-year increase in net profit for Q3 2025, with total revenue reaching 5.348 billion yuan, a 39.02% increase [8] - Xianda Co. expects a staggering net profit increase of 2807.87% to 3211.74% for the first three quarters of 2025, driven by rising market prices for its main product [9] - Shenghe Resources anticipates a net profit increase of 696.82% to 782.96% for the first three quarters of 2025, attributed to favorable market demand for rare earth products [10] - Xianggang Technology forecasts a net profit increase of 182% to 200% for the first three quarters of 2025, supported by ongoing market expansion efforts [12] - Tongda Co. expects a net profit increase of 50.01% to 111.12% for the first three quarters of 2025, driven by increased orders from its subsidiary [13] - Ruixin Microelectronics anticipates a net profit increase of 116% to 127% for the first three quarters of 2025, fueled by growth in the AIoT market [14] - Shandong Gold expects a net profit increase of 83.9% to 98.5% for the first three quarters of 2025, benefiting from improved operational efficiency and rising gold prices [15] - Jiantou Energy forecasts a net profit increase of 231.75% for the first three quarters of 2025, primarily due to lower coal prices and increased profitability from its power generation subsidiaries [16] - Chongqing Steel anticipates a loss of 210 million to 230 million yuan for the first three quarters of 2025, an improvement from a loss of 1.35 billion yuan in the same period last year [17] - Yuanda Intelligent expects to turn a profit with a net profit forecast of 33.84 million to 50.74 million yuan for the first three quarters of 2025, compared to a loss in the previous year [18] - China Metallurgical Group reported a 14.7% year-on-year decline in new contracts signed, totaling 760.67 billion yuan for the first nine months of 2025, while overseas contracts increased by 10.1% [19] Contracts and Financing - Jianglong Shipbuilding signed a sales contract worth 72.99 million yuan for a 600-ton law enforcement vessel, which is expected to enhance the company's market share and brand influence [21][22] - Energy-saving Guozhen's major shareholder plans to increase its stake by at least 2% within six months [24] - Jinhai Biological plans to raise up to 300 million yuan through a private placement to fund wastewater treatment and other projects [26]

一、新产品的基本情况 公司研发的 HWD9361 型射频收发芯片是一款两收两发、最大带宽 56MHz 的零中频射频捷变收发器，是公司在零中频射频收发器方向的首款产品。该芯片 具备万跳功能，是公司在射频收发芯片领域的重大突破。 证券代码：688709 证券简称：成都华微 公告编号：2025-036 成都华微电子科技股份有限公司 关于自愿披露发布两收两发射频捷变 收发芯片的公告 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。 成都华微电子科技股份有限公司（以下简称"公司"）研发的两收两发零中 频射频捷变收发芯片于近日成功发布。现将相关事项公告如下： 二、对公司的影响 具备万跳功能的 HWD9361 型两收两发射频捷变收发芯片的成功发布，拓展 了公司高速信号链产品谱系，拓宽了市场空间。未来，公司将继续开展技术攻关， 以满足客户需求为宗旨，推动国内高速信号链芯片领域的发展。 三、风险提示 本次公司推出的 HWD9361 型两收两发射频捷变收发芯片尚处于市场导入 初期，暂未实现规模化销售，存在市场需求不确定、客户验证失败等风险。公司 ...

证券代码：688709 证券简称：成都华微 公告编号：2025-037 成都华微电子科技股份有限公司 关于变更主要办公地址的公告 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。 | 变更事项 | 变更前 | 变更后 | | --- | --- | --- | | 主要办公地址 | 四川省成都市双流区双 | 四川省成都市双流区双江 | | | 华路288号 | 路二段688号 | 除上述变更外，公司其他办公地址、投资者联系电话、电子邮箱等信息均保 持不变，敬请广大投资者留意。由此带来的不便，敬请谅解。 特此公告。 1 成都华微电子科技股份有限公司董事会 2025 年 10 月 15 日 成都华微电子科技股份有限公司（以下简称"公司"）因经营发展需要，于 近日搬迁至新办公地址，为更好地开展投资者关系管理工作，便于投资者与公司 沟通交流，现将公司主要办公地址变更的具体情况公告如下： ...

Core Viewpoint - Chengdu Huami (688709) has successfully launched its first zero-IF RF transceiver chip, marking a significant breakthrough in the RF transceiver field [1] Group 1: Product Development - The newly released chip is a two-receive, two-transmit RF transceiver with a maximum bandwidth of 56MHz [1] - The chip features a "ten-thousand jump" function, enhancing its capabilities in the RF transceiver market [1] Group 2: Market Position - The HWD9361 model is currently in the initial stage of market introduction and has not yet achieved large-scale sales [1] - There are uncertainties regarding market demand and potential risks related to customer validation failures [1]

Core Viewpoint - Chengdu Huami (688709.SH) has successfully launched its HWD9361 RF transceiver chip, marking a significant breakthrough in the field of RF transceiver technology [1] Product Development - The HWD9361 chip is a two-receive, two-transmit RF transceiver with a maximum bandwidth of 56MHz, representing the company's first product in the zero-IF RF transceiver category [1] - The chip features a "ten-thousand jump" capability, enhancing its performance and versatility in various applications [1] Applications and Benefits - The HWD9361 chip is designed for a wide range of applications, including communication base stations, software-defined radio, point-to-point communication systems, microwave communication, and radar systems [1] - It aims to improve base station signal coverage and communication capacity, simplify hardware design for software-defined radios, and ensure stable transmission and high-quality restoration of point-to-point communication signals [1] - The chip's high integration, wide frequency range, and performance characteristics contribute to enhanced system performance and reliability [1] Market Expansion - The successful launch of the HWD9361 chip expands the company's high-speed signal chain product portfolio and broadens its market opportunities [1] - The company plans to continue its technological advancements to meet customer demands and promote the development of high-speed signal chain chips in the domestic market [1]

Core Viewpoint - Chengdu Huamei Electronics Technology Co., Ltd. has successfully launched the HWD9361 RF transceiver chip, marking a significant breakthrough in the field of RF transceiver technology [1] Product Development - The HWD9361 chip is a two-receive, two-transmit RF transceiver with a maximum bandwidth of 56MHz, representing the company's first product in the zero intermediate frequency RF transceiver category [1] - The chip features a "ten thousand jump" function, enhancing its capabilities and expanding the company's product offerings in high-speed signal chain technology [1] Market Expansion - The successful release of the HWD9361 chip broadens the company's high-speed signal chain product portfolio and increases market opportunities [1] - The company aims to continue technological advancements to meet customer demands and promote the development of domestic high-speed signal chain chips [1]

Core Viewpoint - Chengdu Huawi experienced a slight increase in stock price and notable trading activity, indicating a high level of investor interest and potential volatility in the market [1][2]. Financing Summary - On September 29, Chengdu Huawi had a financing buy-in amount of 33.87 million yuan, with a net financing outflow of -13.74 million yuan, resulting in a total financing balance of 492 million yuan, which represents 4.85% of its market capitalization [1]. - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1]. - The company also had a securities lending activity with 1,697 shares repaid and 1,100 shares sold, with a total selling amount of 51,200 yuan, and a lending balance of 67,220 yuan, which is above the 80th percentile of the past year [1]. Business Performance - As of June 30, the number of shareholders for Chengdu Huawi was 13,100, a decrease of 2.53% from the previous period, while the average circulating shares per person increased by 2.60% to 16,617 shares [2]. - For the first half of 2025, the company reported a revenue of 355 million yuan, reflecting a year-on-year growth of 26.93%, while the net profit attributable to shareholders decreased by 51.26% to 35.72 million yuan [2]. Dividend and Institutional Holdings - Chengdu Huawi has distributed a total of 84.06 million yuan in dividends since its A-share listing [3]. - As of June 30, 2025, among the top ten circulating shareholders, Huaxia Industry Prosperity Mixed A Fund increased its holdings by 932,900 shares to 5.92 million shares, while the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF increased its holdings by 2.74 million shares to 4.53 million shares [3].

Company Overview - Chengdu Huamei Electronics Technology Co., Ltd. is listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board with the stock code 688709.SH [6] - The company operates in the computer, communication, and other electronic equipment manufacturing industry [6] Disclosure and Compliance - The company was required to enhance the specificity and relevance of risk factor disclosures and provide objective evidence for claims regarding technological leadership and market position [2] - The company has not been penalized for regulatory issues or public scrutiny [7] IPO Performance - The average time from application to listing for A-share companies in 2024 is 629.45 days, while Chengdu Huamei's listing cycle was 684 days, which is above the average [3] - The underwriting and sponsorship fees amounted to 69.5738 million yuan, with a commission rate of 4.64%, lower than the industry average of 7.71% [4] - On the first day of trading, the stock price increased by 25.49% compared to the issue price [5] - After three months of trading, the stock price rose by 34.74% from the issue price [8] Financial Metrics - The company's issuance price-to-earnings (P/E) ratio was 37.04, significantly higher than the industry average of 30.14, representing 122.89% of the average [9] - The expected fundraising amount was 1.584 billion yuan, but the actual amount raised was 1.5 billion yuan, indicating a decrease of 5.31% [10] Post-Listing Performance - In 2024, the company's revenue decreased by 34.79% year-on-year, while net profit attributable to shareholders fell by 60.73%, and non-recurring net profit dropped by 68.33% [11] - The abandonment rate for the IPO was 0.18% [12] Overall Evaluation - Chengdu Huamei's IPO project received a total score of 80, classified as B-level, with negative factors including the need for improved disclosure quality, a lengthy listing cycle, reduced fundraising, and declining revenue and profit in the first accounting year [12]