（一）审议通过《关于公司<2025 年第三季度报告>的议案》 证券代码：688709 证券简称：成都华微 公告编号：2025-038 成都华微电子科技股份有限公司 第二届董事会第七次会议决议公告 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。 一、董事会会议召开情况 成都华微电子科技股份有限公司（以下简称"公司"）第二届董事会第七次 会议于2025年10月30日9:30以现场结合通讯方式召开。本次会议通知已于2025年 10月24日以书面及电子邮件等方式通知全体董事。会议由董事长李烨先生主持， 会议应出席董事9人，实际出席董事9人。本次会议的召集和召开、表决方式符合 《中华人民共和国公司法》《上海证券交易所科创板股票上市规则》等相关法律 法规、规范性文件及《成都华微电子科技股份有限公司章程》的相关规定，会议 决议合法有效。 二、董事会会议审议情况 与会董事认真审议本次会议相关议案，以书面记名投票表决方式作出如下决 议： （三）审议通过《关于<经营目标责任书（2025 年度）>的议案》 本议案在提交董事会前已经第二届董事会薪 ...

Group 1 - Chengdu Huawi (SH 688709) announced on October 30 that its second board meeting will be held on October 30, 2025, combining in-person and communication methods [1] - The meeting will review documents including the "Business Target Responsibility Agreement" [1] - For the first half of 2025, Chengdu Huawi's revenue composition shows that integrated circuits account for 99.92%, while other businesses account for 0.08% [1] Group 2 - As of the report, Chengdu Huawi has a market capitalization of 28.7 billion yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥162,727,977.16, representing a year-on-year increase of 13.69%[3] - The total profit for the period was ¥18,534,736.03, showing a significant increase of 38.32% compared to the same period last year[3] - The net profit attributable to shareholders was ¥26,884,591.66, reflecting an impressive growth of 83.21% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥25,571,715.73, which increased by 121.80% compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 reached CNY 517,652,937.61, an increase of 22.4% compared to CNY 422,751,566.62 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 68,795,914.06, a decrease of 26.4% from CNY 93,490,420.98 in the same period of 2024[20] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥112,178,188.09, indicating a significant increase in procurement during the period[3][8] - Cash and cash equivalents decreased to 600,443,157.59 RMB from 1,006,379,793.38 RMB, indicating a decline in liquidity[13] - The net cash flow from operating activities was -$382.15 million, a decrease from -$77.46 million in the previous period[24] - The total cash and cash equivalents at the end of the period amounted to $600.34 million, down from $863.62 million[25] - Cash outflows for operating activities totaled $821.85 million, up from $548.20 million[24] Research and Development - Research and development (R&D) expenses totaled ¥13,109,754.95, a decrease of 72.60% compared to the same period last year[4] - The ratio of R&D expenses to operating revenue was 8.06%, down by 25.36 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were CNY 113,443,386.52, a decrease of 6.7% from CNY 121,252,635.32 in the same period of 2024[19] Assets and Liabilities - Total assets at the end of the period amounted to ¥3,800,546,881.00, reflecting a growth of 3.57% compared to the end of the previous year[4] - The company's total assets increased to CNY 3,800,546,881.00 in 2025 from CNY 3,669,593,588.18 in 2024, reflecting a growth of 3.57%[16] - Total liabilities rose to CNY 899,876,133.07 in 2025, compared to CNY 839,839,462.98 in 2024, marking an increase of 7.3%[16] - The company's equity attributable to shareholders increased to CNY 2,874,916,115.70 in 2025 from CNY 2,809,366,206.22 in 2024, representing a growth of 2.3%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,658[10] - There are no significant changes in the top 10 shareholders or their participation in financing activities[12] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable, amounting to 1,227,419,936.65 RMB, up from 1,028,579,482.10 RMB[14] - Inventory levels rose to 706,523,484.81 RMB, compared to 473,948,258.54 RMB in the previous period, suggesting increased production or stockpiling[14] Strategic Focus - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed[12] - The overall financial health indicates a need for strategic adjustments to improve cash flow and manage inventory levels effectively[13] Other Financial Activities - The company has a long-term equity investment valued at 19,313,729.62 RMB, slightly down from 19,831,301.39 RMB[14] - Non-current assets totaled 1,096,628.00 RMB in investment properties, remaining stable compared to the previous period[14] - The company has not reported any new product launches or mergers during this period[12] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.10, down from CNY 0.14 in the same period of 2024[20]

证券代码：688709 证券简称：成都华微 公告编号：2025-039 成都华微电子科技股份有限公司 关于续聘会计师事务所的公告 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。 重要内容提示： 拟聘任的会计师事务所名称：大信会计师事务所（特殊普通合伙）（以 下简称"大信"） 本事项尚需提交公司股东会审议。 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 名称：大信会计师事务所（特殊普通合伙） 机构性质：特殊普通合伙企业 历史沿革：大信成立于 1985 年，2012 年 3 月转制为特殊普通合伙制事务所。 大信在全国设有 33 家分支机构，在香港设立了分所，并于 2017 年发起设立了大 信国际会计网络，目前，大信国际会计网络全球成员有美国、加拿大、澳大利亚、 德国、法国、英国、新加坡等 39 家网络成员所。 注册地址：北京市海淀区知春路 1 号 22 层 2206。 业务资质：大信拥有财政部颁发的会计师事务所执业证书，是我国最早从事 证券业务的会计师事务所之一，以及首批获得 H 股企业审计资格的事务所。 首 ...

证券代码：688709 证券简称：成都华微 公告编号：2025-040 成都华微电子科技股份有限公司 关于 2025 年第三季度计提资产减值准备的 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。 二、计提减值准备的说明 （一）信用减值损失 2025 年第三季度,成都华微财务报表合并范围企业参考历史信用损失经验， 结合当前状况以及对未来经济状况的预测，计算应收款项预期信用损失率，通过 单项计提和组合计提的方式，本期计提应收账款预期信用减值损失 2,264.98 万 元；计提应收票据预期信用减值损失 956.96 万元；计提其他应收款预期信用减 值损失 2.76 万元。本期实际计提各类应收款项预期信用减值损失合计 3,224.71 万元。 一、本次预计计提减值准备的情况概述 为客观、公允地反映成都华微电子科技股份有限公司（以下简称"公司"或 "成都华微"）2025 年第三季度财务报表合并范围企业各类资产价值，公司及 所属子企业依照《企业会计准则》及公司相关规定，对截至 2025 年 9 月 30 日的 各类应收款项、存货 ...

Core Viewpoint - Chengdu Huawi released its Q3 2025 report, showing a mixed performance with revenue growth but a decline in net profit for the first three quarters compared to the previous year [1] Financial Performance - For the first three quarters, the company achieved a revenue of 518 million yuan, representing a year-on-year increase of 22.45% [1] - The net profit attributable to shareholders for the same period was 62.61 million yuan, reflecting a year-on-year decline of 28.82% [1] - In Q3 alone, the company reported a revenue of 163 million yuan, which is a year-on-year growth of 13.69% [1] - The net profit attributable to shareholders in Q3 was 26.88 million yuan, showing a significant year-on-year increase of 83.21% [1]

Core Viewpoint - Chengdu Huamei experienced a stock price increase of 1.72% on October 29, with a trading volume of 266 million yuan, indicating strong market interest and activity [1]. Financing Summary - On October 29, Chengdu Huamei had a financing buy-in amount of 31.91 million yuan and a financing repayment of 37.63 million yuan, resulting in a net financing outflow of 5.71 million yuan [1]. - The total financing and securities balance for Chengdu Huamei reached 498 million yuan, with the financing balance accounting for 4.88% of the circulating market value, which is above the 80th percentile of the past year [1]. - The company had a securities lending repayment of 400 shares and a securities lending sell-out of 1,999 shares, with a sell-out amount of 93,500 yuan calculated at the closing price [1]. Business Performance - As of June 30, Chengdu Huamei reported a total revenue of 355 million yuan for the first half of 2025, 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]. - The company has cumulatively distributed dividends amounting to 84.06 million yuan since its A-share listing [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Chengdu Huamei was 13,100, a decrease of 2.53% from the previous period, with an average of 16,617 circulating shares per shareholder, an increase of 2.60% [2]. - Notable institutional holdings include Huaxia Industry Prosperity Mixed A, which increased its holdings by 932,900 shares, and the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF, which increased its holdings by 2,737,000 shares [3].

Core Viewpoint - Chengdu Huami focuses on the development of Norflash and EEPROM memory, highlighting significant advantages in environmental adaptability [1] Product Development - The company’s Norflash memory can be used for FPGA configuration storage, providing a complete programmable solution, and can also be independently used for data storage scenarios [1] - The product line includes three series covering capacities from 512Kbit to 1Gbit, with all products now in mass production [1] R&D and Innovation - The company continues to focus on key core technology breakthroughs, enhancing R&D investment and technological innovation capabilities [1] - Ensures high reliability of products in complex environments [1]

Investment Rating - The report provides a strong recommendation for several companies in the military industry, indicating a positive outlook for their stock performance [9]. Core Insights - The recent Fourth Plenary Session of the 20th Central Committee emphasized new goals for national defense capabilities, including the enhancement of "national defense strength" and "international influence" [21]. - The report highlights the aerospace sector as a key focus area for military investment, particularly in the context of the newly stated goal of becoming a "space power" [21]. - Upcoming quarterly reports are expected to show a turning point in industry performance, with several companies already reporting significant year-on-year revenue and profit growth [24]. Industry Overview - The military industry consists of 118 listed companies with a total market capitalization of 2,092.9 billion and a circulating market value of 1,736.7 billion [4]. - The SW National Defense and Military Industry Index has shown a performance increase of 16.47% year-to-date, although it has underperformed compared to the CSI 300 Index by 1.97% [12][20]. - The industry is currently valued at a PE (TTM) of 85.77 times, with a five-year percentile of 78.63% [20]. Key Events - The Fourth Plenary Session concluded with new national defense goals, including a focus on high-quality military modernization and the integration of advanced combat capabilities [21]. - The report notes that the aerospace equipment sector has been particularly responsive to the recent policy announcements, showing strong performance [16][21]. Performance Summary - The report identifies several companies with notable performance, including North Navigation with a revenue increase of 210% and a net profit increase of 268.8% [25]. - The top-performing stocks in the military sector include North Shares (+25.20%) and Feili Hua (+17.92%) [19].

Core Insights - Chengdu Huamei's stock price increased by 8.27% on October 15, with a trading volume of 946 million yuan [1] - The company reported a financing net purchase of 20.29 million yuan on the same day, indicating strong investor interest [1] - As of October 15, the total financing and securities lending balance reached 501 million yuan, reflecting a high level of market activity [1] Financing Summary - On October 15, Chengdu Huamei had a financing purchase of 119 million yuan, with a current financing balance of 499 million yuan, accounting for 4.50% 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 repaid 13,000 shares in securities lending and sold 12,600 shares, with a selling amount of approximately 639,800 yuan [1] Business Performance - As of June 30, the number of shareholders decreased by 2.53% to 13,100, while the average circulating shares per person increased by 2.60% to 16,617 shares [2] - For the first half of 2025, Chengdu Huamei achieved a revenue of 355 million yuan, representing a year-on-year growth of 26.93%, but the net profit attributable to shareholders decreased by 51.26% to 35.72 million yuan [2] Shareholder Composition - As of June 30, 2025, the top ten circulating shareholders included notable institutional investors, with Huaxia Industry Prosperity Mixed A Fund increasing its holdings by 932,900 shares to 5.92 million shares [3] - The Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF also increased its holdings by 2.74 million shares to 4.53 million shares [3] - Guolian An Zhongzheng All Index Semiconductor Products and Equipment ETF joined as a new shareholder with 2.02 million shares [3]