Core Viewpoint - Hongwei Technology (688711.SH) has repurchased a total of 1.3825 million shares, representing 0.6488% of the company's total share capital, with a total expenditure of 24.8363 million yuan as of the end of October 2025 [1] Summary by Category - **Share Repurchase Details** - The highest purchase price was 26.53 yuan per share, while the lowest was 13.00 yuan per share [1] - The total amount paid for the repurchase, excluding transaction commissions and other fees, is 24.8363 million yuan [1]

| 回购方案首次披露日 | 2024/12/6 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2024 4 12 | 12 | 月 | 日~2025 | 年 | 3 | 日 | | 预计回购金额 | 2,500万元~5,000万元 | | | | | | | | | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | 回购用途 | √用于转换公司可转债 | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | 累计已回购股数 | 1,382,540股 | | | | | | | | 累计已回购股数占总股本比例 | 0.6488% | | | | | | | | 累计已回购金额 | 2,483.63万元 | | | | | | | | 实际回购价格区间 | 13.00元/股~26.53元/股 | | | | | | | 一、回购股份的基本情况 2024 年 12 月 4 日，江苏宏微科技股份有限公司（以下简称"公司"）召开第五 届董事 ...

Core Viewpoint - Hongwei Technology executed a block trade on October 31, with a transaction volume of 1.25 million shares and a transaction value of 31.5875 million yuan, indicating a premium of 1.08% over the closing price of the day [1] Group 1: Transaction Details - The block trade price was 25.27 yuan per share, while the closing price was 25.00 yuan [1] - The buyer and seller of the block trade were both from Guotai Junan Securities Co., Ltd., Beijing Guanghua Road Securities Branch [1] - In the last three months, Hongwei Technology has recorded three block trades with a total transaction value of 62.9701 million yuan [1] Group 2: Market Performance - On the day of the block trade, Hongwei Technology's stock price decreased by 1.07%, with a daily turnover rate of 3.60% and a total trading volume of 195 million yuan [1] - Over the past five days, the stock has declined by 3.06%, with a total net outflow of funds amounting to 87.8213 million yuan [1] - The latest margin financing balance for the stock is 383 million yuan, showing a decrease of 5.5008 million yuan over the past five days, representing a decline of 1.42% [1]

Group 1 - The core point of the news is that Hongwei Technology conducted a block trade on October 31, with a total of 1.25 million shares traded, amounting to 31.5875 million yuan, which represents 13.91% of the total trading volume for that day [1][2] - The transaction price was 25.27 yuan per share, which is a premium of 1.08% compared to the market closing price of 25 yuan [1][2] - The buying brokerage for the transaction was Guotai Junan Securities, while the selling brokerage was also Guotai Junan Securities, indicating an internal transfer [2]

| 证券代码：688711 | 证券简称：宏微科技 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：118040 | 债券简称：宏微转债 | | 江苏宏微科技股份有限公司 关于召开 2025 年第三季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： 会议召开时间：2025 年 11 月 7 日（星期五）上午 9:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 会议问题征集：投资者可于 2025 年 10 月 31 日（星期五）至 11 月 6 日 （星期四）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 xxpl@macmicst.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。 江苏宏微科技股份有限公司（以下简称"公司"）已于 2025 ...

| 证券代码：688711 | 证券简称：宏微科技 | 公告编号：2025-079 | | --- | --- | --- | | 转债代码：118040 | 债券简称：宏微转债 | | 江苏宏微科技股份有限公司 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。 一、本次计提资产减值准备情况概述 根据《企业会计准则第 8 号——资产减值》及江苏宏微科技股份有限公司（以 下简称"公司"）会计政策、会计估计的相关规定，为客观、公允地反映公司 2025 年第三季度的财务状况，本着谨慎性原则，公司对截至 2025 年 9 月 30 日合并报 表范围内可能发生信用及资产减值损失的有关资产计提资产减值准备。 2025 年第三季度计提的资产减值准备合计 1,386.97 万元。具体情况如下表 所示： | 项目 | 2025 | 年第三季度计提金额（万元） | 备注 | | --- | --- | --- | --- | | 信用减值损失 | | 114.57 | 应收账款坏账损失、其他 应 ...

Core Viewpoint - Hongwei Technology (688711.SH) reported a decline in revenue for Q3 2025, while net profit showed significant growth compared to the previous year [1] Financial Performance - The company's operating revenue for Q3 2025 was 303 million yuan, representing a year-on-year decrease of 11.72% [1] - The net profit attributable to shareholders of the listed company was 2.3875 million yuan, which is an increase of 56.37% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 257,300 yuan [1]

Financial Performance - The company's operating revenue for the third quarter was ¥302,867,994.91, a decrease of 11.72% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥2,387,453.12, an increase of 56.37% year-on-year[3]. - The net profit after deducting non-recurring gains and losses for the period was ¥257,323.20, with no applicable comparison due to significant changes in government subsidies received[3][10]. - The basic earnings per share for the third quarter was ¥0.0112, reflecting a 55.56% increase compared to the same period last year[4][10]. - The company experienced a 32.78% increase in net profit attributable to shareholders for the year-to-date, driven by improved gross margins[8]. - The net profit for the first three quarters of 2025 was CNY 4,797,535.92, compared to a net loss of CNY 342,546.75 in the same period of 2024, showing a significant turnaround[25]. - The net profit attributable to the parent company for the current period is 5,068,955.39 RMB, compared to 4,040,908.29 RMB in the previous period, representing an increase of approximately 25.4%[26]. - The total comprehensive income for the current period is 4,501,000.25 RMB, compared to -342,546.75 RMB in the previous period, marking a significant turnaround[26]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥42,238,470.79, down 44.47% compared to the previous year[3][10]. - The net cash flow from operating activities for the current period is 42,238,470.79 RMB, down from 76,059,434.57 RMB in the previous period, reflecting a decrease of approximately 44.5%[30]. - The net cash flow from investing activities is -131,452,334.93 RMB, compared to -126,208,242.74 RMB in the previous period, showing a slight increase in cash outflow[31]. - The net cash flow from financing activities is -12,012,235.16 RMB, an improvement from -19,421,400.78 RMB in the previous period, indicating a reduction in cash outflow by approximately 38.5%[31]. - The cash and cash equivalents at the end of the period stand at 92,130,982.81 RMB, down from 117,472,317.14 RMB at the end of the previous period, a decrease of approximately 21.5%[31]. - The company received cash from sales of goods and services amounting to 679,692,925.48 RMB, slightly up from 678,209,007.49 RMB in the previous period, indicating a marginal growth[30]. - The company paid 454,716,838.82 RMB for the purchase of goods and services, an increase from 444,304,761.88 RMB in the previous period, reflecting a rise of approximately 2.9%[30]. - The company reported a decrease in other cash received related to operating activities, totaling 2,765,701.12 RMB, down from 17,057,326.27 RMB in the previous period, indicating a decline of approximately 83.8%[30]. Research and Development - Research and development expenses totaled ¥28,945,441.56, a decrease of 9.75% year-on-year, while the R&D expense ratio to operating revenue increased to 9.56%[4]. - Research and development expenses for the first three quarters of 2025 were CNY 87,511,513.70, slightly up from CNY 85,981,821.43 in the same period of 2024, indicating a growth of approximately 1.8%[25]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 12,586[12]. - The largest shareholder, Zhao Shanqi, holds 37,783,038 shares, representing 17.73% of the total shares[12]. - The top ten shareholders hold a significant portion of the shares, with the top five alone accounting for over 40% of the total shares[12]. - The company has not reported any changes in the shareholding structure due to the transfer and lending of shares[16]. - The company has not disclosed any related party transactions among the top shareholders[16]. Share Repurchase - The company plans to repurchase shares with a total amount not less than RMB 25 million and not exceeding RMB 50 million, with a maximum repurchase price of RMB 30.12 per share[17]. - As of September 30, 2025, the company has repurchased a total of 1.3132 million shares, accounting for 0.6163% of the total share capital, with an average repurchase price of RMB 17.53 per share[18]. - The total amount paid for the repurchased shares was RMB 23.0156 million, excluding transaction fees[18]. - The highest repurchase price recorded was RMB 26.53 per share, while the lowest was RMB 13.00 per share[18]. - The company has a share buyback plan in place to support employee stock ownership plans or convertible bonds[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,565,030,143.70, a decrease of 1.40% from the end of the previous year[4]. - The company's total assets as of September 30, 2025, amounted to CNY 2,565,030,143.70, slightly down from CNY 2,601,502,300.71 at the end of 2024[22]. - Current assets totaled CNY 1,220,575,738.03 as of September 30, 2025, compared to CNY 1,282,510,899.97 at the end of 2024, reflecting a decrease of approximately 4.8%[21]. - The company's total liabilities decreased to CNY 1,480,586,105.96 as of September 30, 2025, from CNY 1,523,923,995.00 at the end of 2024, a reduction of about 2.8%[22]. - The company's cash and cash equivalents decreased to CNY 106,485,020.60 as of September 30, 2025, from CNY 225,552,894.42 at the end of 2024, a decline of about 52.8%[20]. - The inventory level increased to CNY 419,408,075.88 as of September 30, 2025, compared to CNY 404,636,260.31 at the end of 2024, representing an increase of approximately 3.6%[20]. - The company's long-term equity investments stood at CNY 15,082,287.78 as of September 30, 2025, with no prior figure reported for the end of 2024[21].

Core Insights - The company reported a third-quarter revenue of 303 million yuan, a year-on-year decrease of 11.72% [1] - The net profit for the third quarter was 2.3875 million yuan, showing a year-on-year increase of 56.37% [1] - For the first three quarters, the total revenue reached 983 million yuan, reflecting a year-on-year growth of 0.35% [1] - The net profit for the first three quarters was 5.3655 million yuan, which is a year-on-year increase of 32.78% [1]

Core Insights - Huatai Zhixin (Changzhou) New Energy Equity Investment Fund Partnership has been officially established with a capital contribution of RMB 1 billion, focusing on equity investment, venture capital, and asset management [1][3] - The fund is jointly established by Huatai Securities' subsidiary Huatai Zijin Investment, Hongwei Technology, and Jiangsu Changzhou New Energy Industry Special Mother Fund, aiming to promote innovation in the new energy industry chain [3] Company Overview - Huatai Zijin Investment is a wholly-owned subsidiary of Huatai Securities, specializing in strategic emerging industry investments, particularly in advanced manufacturing, new energy, and next-generation information technology [3] - Hongwei Technology is a leading domestic power semiconductor company, with products including IGBT, MOSFET, and automotive-grade power modules, widely used in electric vehicles, photovoltaic energy storage, and industrial control [3] Industry Impact - The establishment of the new energy equity investment fund is expected to enhance collaboration across the industry chain and promote the integration of capital and technological innovation [3] - As the new energy sector enters a phase of high-quality development, the fund is anticipated to inject new momentum into regional industrial upgrades and the transformation of technological achievements [3]