Core Viewpoint - Chengdu Huami (688709.SH) focuses on the research and development of special integrated circuits, with products widely used in specialized fields such as electronics, communications, control, and measurement [1] Group 1: Product Focus - The company specializes in two main areas: special digital and analog integrated circuits [1] - Products are designed to meet the technical requirements of electromagnetic catapult systems in signal acquisition, data processing, and synchronous control [1] Group 2: Confidentiality and Market Strategy - Specific applications of the products are classified as state secrets or commercial secrets, limiting the company's ability to disclose further details [1] - The company will closely monitor trends in cutting-edge technology and follow market and customer demands to explore potential application scenarios and develop forward-looking strategies [1]

Group 1 - Chengdu Huawi Electronics Technology Co., Ltd. experienced a 5.02% decline in stock price, trading at 44.86 yuan per share with a total market capitalization of 28.569 billion yuan as of September 23 [1] - The company specializes in integrated circuit research, design, testing, and sales, focusing on providing overall solutions for signal processing and control systems [1] - The revenue composition of the company includes digital integrated circuits (50.03%), analog integrated circuits (43.20%), other products (3.98%), technical services (2.70%), and others (0.08%) [1] Group 2 - Huaxia Fund's Huaxia Industry Prosperity Mixed Fund (003567) increased its holdings in Chengdu Huawi by 932,900 shares, bringing its total to 5.9245 million shares, which accounts for 2.72% of the circulating shares [2] - The fund has reported a floating loss of approximately 14.041 million yuan as of the latest data [2][4] - The fund has achieved a year-to-date return of 57.81% and a one-year return of 112.6%, ranking 680 out of 8172 and 397 out of 7995 respectively [2] Group 3 - The fund manager of Huaxia Industry Prosperity Mixed Fund is Zhong Shuai, who has been in the position for 5 years and 59 days [3] - During his tenure, the fund has achieved a best return of 178.47% and a worst return of 13.44% [3]

Group 1 - Chengdu Huamei Electronics Technology Co., Ltd. experienced a decline of 5.02% on September 23, with a stock price of 44.86 CNY per share and a trading volume of 2.59 billion CNY, resulting in a total market capitalization of 28.569 billion CNY [1] - The company, established on March 9, 2000, focuses on integrated circuit research, design, testing, and sales, providing overall solutions for signal processing and control systems [1] - The revenue composition of the company includes digital integrated circuits at 50.03%, analog integrated circuits at 43.20%, other products at 3.98%, technical services at 2.70%, and other (supplementary) at 0.08% [1] Group 2 - The top circulating shareholder of Chengdu Huamei is the Jiashi Fund, which increased its holdings in the Jiashi SSE STAR Market Chip ETF (588200) by 2.737 million shares, totaling 4.5279 million shares, representing 2.08% of the circulating shares [2] - The Jiashi SSE STAR Market Chip ETF (588200) was established on September 30, 2022, with a latest scale of 27.806 billion CNY, achieving a year-to-date return of 61.49% and ranking 194 out of 4220 in its category [2] - The fund has a one-year return of 179.9%, ranking 5 out of 3814 in its category, and a cumulative return since inception of 137.06% [2]

Company Overview - Chengdu Huawi Electronics Technology Co., Ltd. is located in Chengdu, Sichuan Province, and was established on March 9, 2000. The company focuses on integrated circuit research, design, testing, and sales, providing overall solutions for signal processing and control systems [1]. - The company's main business revenue composition includes: digital integrated circuits 50.03%, analog integrated circuits 43.20%, other products 3.98%, technical services 2.70%, and others 0.08% [1]. Stock Performance - On September 19, Chengdu Huawi's stock fell by 5.12%, closing at 46.50 CNY per share, with a trading volume of 460 million CNY and a turnover rate of 4.43%. The total market capitalization is 29.613 billion CNY [1]. Shareholder Information - Among the top ten circulating shareholders of Chengdu Huawi, a fund under Jiashi Fund holds a significant position. Jiashi's Shanghai Stock Exchange Sci-Tech Innovation Board Chip ETF (588200) increased its holdings by 2.737 million shares in the second quarter, totaling 4.5279 million shares, which accounts for 2.08% of the circulating shares [2]. - The Jiashi ETF was established on September 30, 2022, with a latest scale of 27.806 billion CNY. Year-to-date returns are 56.4%, ranking 243 out of 4222 in its category; the one-year return is 170.79%, ranking 11 out of 3805; and since inception, the return is 129.58% [2]. Fund Management - The fund manager of Jiashi's Shanghai Stock Exchange Sci-Tech Innovation Board Chip ETF (588200) is Tian Guangyuan, who has been in the position for 4 years and 196 days. The total asset scale of the fund is 44.323 billion CNY, with the best fund return during his tenure being 126.67% and the worst being -46.65% [3].

Core Viewpoint - Chengdu Huawi's stock performance shows a mixed trend with a slight increase in share price but a net outflow in financing, indicating potential investor caution amid fluctuating financial results [1][2]. Financing and Trading Activity - On September 17, Chengdu Huawi's stock rose by 1.92% with a trading volume of 524 million yuan. The financing buy-in amounted to 80.09 million yuan, while financing repayment was 83.24 million yuan, resulting in a net financing outflow of 3.15 million yuan [1]. - As of September 17, the total financing and securities lending balance for Chengdu Huawi was 551 million yuan, with financing balance accounting for 5.11% of the circulating market value, indicating a high level compared to the past year [1]. - In terms of securities lending, on the same day, 200 shares were repaid while 1,505 shares were sold, amounting to 74,400 yuan in sales. The remaining securities lending balance was 2.18 million shares, with a total balance of 1.08 million yuan, also at a high level compared to the past year [1]. Company Overview - Chengdu Huawi Electronics Technology Co., Ltd. was established on March 9, 2000, and is located in Chengdu, Sichuan Province. The company focuses on the research, design, testing, and sales of integrated circuits, providing overall solutions for signal processing and control systems [1]. - The revenue composition of the company includes digital integrated circuits (50.03%), analog integrated circuits (43.20%), other products (3.98%), technical services (2.70%), and other (0.08%) [1]. Financial Performance - For the first half of 2025, Chengdu Huawi reported a revenue of 355 million yuan, representing a year-on-year growth of 26.93%. However, the net profit attributable to shareholders decreased by 51.26% to 35.72 million yuan [2]. - As of June 30, 2025, the number of shareholders 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]. Shareholder Information - Since its A-share listing, Chengdu Huawi has distributed a total of 84.06 million yuan in dividends. As of June 30, 2025, notable institutional shareholders include Huaxia Industry Prosperity Mixed Fund and Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF, with both increasing their holdings [3].

Core Insights - The company reported a revenue of 355 million yuan for the first half of 2025, representing a year-on-year increase of 26.93%, while the net profit attributable to shareholders decreased by 51.26% to 35.72 million yuan [1] - The increase in revenue was driven by a recovery in demand within the domestic special integrated circuit industry, although profit margins were pressured by declining product prices and rising costs [1][2] Financial Performance - The gross margin for the first half of 2025 was 72.25%, a decrease of 4.69 percentage points year-on-year, while the net profit margin fell to 10.73%, down 16.23 percentage points [2] - Total expenses accounted for 26.41% of revenue, a slight decrease of 0.27 percentage points compared to the same period last year [2] - Financial expenses increased to 2.17 million yuan from a negative 0.77 million yuan in the previous year, primarily due to reduced interest income from raised funds [2] - Management expenses rose by 26.28% to 73.40 million yuan, and sales expenses increased by 10.58% to 18.17 million yuan, attributed to higher sample testing costs [2] Research and Development - The company has significantly increased its R&D investment, spending 100 million yuan in the first half of 2025, a 36.67% increase year-on-year, which constitutes 28.27% of total revenue, up 2.02 percentage points [3] - The company holds 123 invention patents, 238 integrated circuit layout design rights, and 44 software copyrights, indicating a strong technical foundation [3] - The R&D workforce comprises 401 employees, representing 41% of the total staff, with six core technical personnel specializing in high-performance FPGA, high-speed ADC/DAC, and intelligent SoC [3] Strategic Initiatives - The company is set to complete its high-end integrated circuit R&D and industrial base project by February 2027, which will enhance its core advantages in the special integrated circuit sector [4] - The focus areas for chip R&D include high-performance FPGA, high-speed ADC, and adaptive intelligent SoC, with applications in generative AI, automotive intelligence, low-altitude economy, and data centers [4] - The projected revenue for 2025-2027 is estimated at 902 million, 1.168 billion, and 1.467 billion yuan, with net profits of 243 million, 329 million, and 402 million yuan respectively, indicating a strong growth trajectory [4]

证券代码：688709 证券简称：成都华微 公告编号：2025-035 成都华微电子科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 22 日（星期一）至 09 月 26 日（星期五）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 investors@csmsc.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。 成都华微电子科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日 发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于2025年09月29日（星期一）11:00-12:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 （三）会议召开方式：上证路演中心网 ...

证券代码：688709 证券简称：成都华微 公告编号：2025-034 本次选举完成后，公司董事会中兼任公司高级管理人员职务的董事以及由职 工代表担任的董事，总计未超过公司董事总数的二分之一，符合相关法律法规的 要求。 特此公告。 成都华微电子科技股份有限公司董事会 2025 年 9 月 17 日 1 成都华微电子科技股份有限公司 关于选举第二届董事会职工代表董事的公告 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"）于2025年9月16日召 开的2025年第一次临时股东会会议审议通过了《关于取消监事会并修订公司章程 的议案》，根据修订后的《公司章程》，公司增设1名职工代表董事，由公司职 工通过职工代表大会、职工大会或者其他形式民主选举产生，无需提交股东会审 议。 公司于2025年9月16日召开了职工代表大会第六次会议，经民主选举、表决， 同意选举韦薇女士（简历详见附件）为公司第二届董事会职工代表董事，任期自 职工代表大会审议通过之日起至第二届董事会届满之日止。韦薇女士符合《 ...

北京市中伦律师事务所 关于成都华微电子科技股份有限公司 法律意见书 二〇二五年九月 北京市中伦律师事务所 关于成都华微电子科技股份有限公司 2025 年第一次临时股东会的 法律意见书 致：成都华微电子科技股份有限公司 2025 年第一次临时股东会的 北京市中伦律师事务所（以下简称"本所"）接受成都华微电子科技股份有 限公司（以下简称"公司"）委托，指派本所律师列席公司 2025 年第一次临时股 东会，并出具本法律意见书。 为出具本法律意见书，本所律师列席了公司 2025 年第一次临时股东会，并 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券 法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、 《律师事务所从事证券法律业务管理办法》等法律、法规和规范性文件的要求以 及《成都华微电子科技股份有限公司章程》（以下简称"《公司章程》"），按照律 师行业公认的业务标准、道德规范和勤勉尽责精神，查阅了本所律师认为出具法 律意见所必须查阅的文件，对公司本次股东会的召集和召开程序、出席会议人员 资格（但不包含网络投票股东资格）、表决方式、表决程序的合法性、有效 ...

证券代码：688709 证券简称：成都华微 公告编号：2025-033 成都华微电子科技股份有限公司 （一） 股东会召开的时间：2025 年 9 月 16 日 （二） 股东会召开的地点：成都华微电子科技股份有限公司 2205 会议室（成都 市高新区益州大道中段 1800 号天府软件园 G 区 G1 楼 22 层） 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 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 179 | | --- | --- | | 普通股股东人数 | 179 | | 2、出席会议的股东所持有的表决权数量 | 515,233,700 | | 普通股股东所持有表决权数量 | 515,233,700 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 80.9038 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 80.9038 | 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 ...