Core Insights - Huatai Zhixin (Changzhou) New Energy Equity Investment Fund Partnership (Limited Partnership) has been established with a total investment of 1 billion RMB, focusing on equity investment and venture capital activities [1] Group 1: Company Information - The executing partner of the fund is Huatai Zijin Investment Co., Ltd., a subsidiary of Huatai Securities [1] - The fund's business scope includes private equity investment, investment management, and asset management [1] Group 2: Investment Details - The fund is co-invested by Huatai Zijin Investment Co., Ltd., Hongwei Technology, and Jiangsu Changzhou New Energy Industry Special Mother Fund (Limited Partnership) [1] - The total capital contribution is 1 billion RMB, which is equivalent to 1000 million RMB [1]

Core Points - Jiangsu Hongwei Technology Co., Ltd. has fully repaid the idle raised funds of 6 million yuan used for temporary liquidity support, complying with regulatory requirements [1][2] Group 1: Fund Usage and Repayment - The company held a board meeting on October 30, 2024, approving the use of 6 million yuan of idle raised funds for liquidity support related to its main business, with a usage period of 12 months [2] - The funds were sourced from the company's initial public offering (IPO) in 2021, with the initial receipt date being August 27, 2021 [2] - The full repayment of the 6 million yuan was completed on October 27, 2025, with no overdue situation reported [2] Group 2: Management and Compliance - The proper use and timely repayment of the idle raised funds reflect the company's prudent attitude towards fund management, enhancing fund efficiency while ensuring safety [2] - The company commits to continue adhering to the Shanghai Stock Exchange's regulations and its own fund management policies to ensure that the fund usage aligns with the intended purposes [2]

证券代码：688711 证券简称：宏微科技 公告编号：2025-078 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 关于归还临时补充流动资金的募集资金的公告 截至 2025 年 10 月 27 日，江苏宏微科技股份有限公司（以下简称"公 司"）已累计归还临时补充流动资金的闲置募集资金人民币 600.00 万元。 一、募集资金临时补充流动资金情况 公司于2024年10月30日召开公司第五届董事会第三次会议、第五届监事会第 三次会议，审议通过了《关于使用部分闲置募集资金临时补充流动资金的议案》， 同意公司使用部分闲置募集资金总计人民币600.00万元用于临时补充流动资金， 用于与公司主营业务相关的业务，使用期限自公司董事会审议通过之日起不超过 12 个月 。具 体内 容详 见公 司于 2024 年 10 月 31 日在 上海 证券 交易 所网 站 （www.sse.com.cn）披露的《江苏宏微科技股份有限公司关于使用部分闲置募集 资金临时补充流动资金的公告》（公告编号：2024-081）。 二、归还募集资金的相关情况 | 本次归还募集资金金额（万元） | 600.00 | | --- ...

Core Insights - Huatai Zhanxin (Changzhou) New Energy Equity Investment Fund Partnership has been established with a total investment of 1 billion yuan, focusing on equity investment and venture capital for unlisted companies [1][2] Group 1: Company Overview - The fund is a limited partnership established by Huatai Securities' wholly-owned subsidiary, Huatai Zijin Investment Co., Ltd., and Hongwei Technology, among others [1][2] - The registered capital of the fund is 1 billion yuan, with a business scope that includes equity investment, venture capital, and private fund management [1][2] Group 2: Investment Structure - The fund's partners include Huatai Zijin Investment Co., Ltd. (35% stake), Liyang Zhanxin Industrial Investment Fund (20%), Jiangsu Changzhou New Energy Industry Special Mother Fund (20%), Nanjing Huatai Phoenix Equity Investment Mother Fund (15%), Eastern Airport Group Investment Co., Ltd. (7%), and Jiangsu Hongwei Technology Co., Ltd. (3%) [3] - The fund is classified under the investment and asset management industry (L7212) [2]

Key Points - The article discusses the recent developments in the Chinese capital market, including new stock listings, regulatory updates, and economic indicators [2][4][8][10]. Group 1: New Stock Listings - Four new stocks are listed today, including three unprofitable companies on the Sci-Tech Innovation Board, marking the first batch of newly registered companies in the Sci-Tech Growth Layer [7]. - The new stocks include DeLiJia with an issue price of 46.68 CNY per share and a subscription limit of 9,500 shares, and ZhongCheng Consulting with an issue price of 14.27 CNY per share and a subscription limit of 630,000 shares [7]. Group 2: Regulatory Updates - The China Securities Regulatory Commission (CSRC) released opinions on enhancing the protection of small and medium investors in the capital market, aiming to improve investor protection mechanisms [8]. - The CSRC also published a plan to optimize the Qualified Foreign Institutional Investor (QFII) system, introducing a green channel and simplified processes for certain foreign investors [10]. Group 3: Economic Indicators - From January to September, the total profit of large-scale industrial enterprises in China reached 53,732 billion CNY, a year-on-year increase of 3.2% [10]. - The profit breakdown shows that state-owned enterprises experienced a slight decline of 0.3%, while private enterprises saw a growth of 5.1% [10]. Group 4: Financial Forum Insights - At the 2025 Financial Street Forum, the People's Bank of China announced plans to resume public market operations for government bonds, indicating a positive outlook for the bond market [8]. - The Financial Regulatory Administration emphasized its commitment to preventing systemic financial risks and improving the efficiency of financial regulation [9].

Core Insights - The announcement from Hongwei Technology (688711.SH) indicates a new procurement contract with a leading domestic electric vehicle client, emphasizing a long-term cooperation intention without specific quantities or amounts defined [1][3] - This collaboration highlights the client's recognition of Hongwei Technology's R&D capabilities, supply chain assurance, and product quality, which is expected to enhance the company's customer resources in the electric vehicle sector and improve market penetration of core components [3] Company Overview - Hongwei Technology specializes in the design, packaging, and testing of power semiconductor chips and modules, with applications in industrial control, power management, and electric vehicles [3] - The company has been increasing its focus on automotive-grade IGBT and MOSFET products, positioning itself as one of the main suppliers of power devices for domestic electric vehicles [3]

Core Viewpoint - Hongwei Technology (宏微科技) has signed a procurement contract with a leading domestic electric vehicle manufacturer to supply SiC MOSFET devices, indicating recognition of its R&D capabilities and product quality, which is expected to positively impact its business performance [1] Group 1: Company Developments - Hongwei Technology's subsidiary, Changzhou Xindongneng Semiconductor Co., Ltd., has been confirmed as a supplier for SiC MOSFET devices after receiving a notice of designation from the electric vehicle manufacturer in August [1] - The procurement contract is a framework agreement and does not constitute a substantial order; specific transaction details will be defined in future orders [1] - The company focuses on the design, R&D, production, and sales of power semiconductor chips, modules, and devices, with applications in electric vehicles, renewable energy, industrial control, and consumer electronics [1] Group 2: Market Trends - The power semiconductor market is experiencing structural growth, with significant differentiation in demand across various application fields; the electric vehicle, photovoltaic, and energy storage sectors are driving industry growth [2] - There is an accelerated expansion of production capacity in the third-generation semiconductor sector, particularly for SiC and GaN, while some mid-to-low-end product areas are facing oversupply and increased competition [2] Group 3: Strategic Initiatives - Hongwei Technology adheres to a "one body, two wings" strategy, focusing on solidifying its silicon-based IGBT core business while expanding into SiC and GaN markets [2] - The company has achieved small-scale shipments of certain SiC products and is recognized by leading customers for its self-developed modules, with plans to accelerate product validation and delivery [2] - A five-year strategic cooperation memorandum has been signed with Huahong Hongli to deepen collaboration in IGBT and FRD core product areas, enhancing the competitiveness of its "light asset+" model [3]

Core Viewpoint - Hongwei Technology (688711) announced a procurement contract with a leading domestic electric vehicle manufacturer, enhancing its market position in the SiC product sector [1] Group 1 - The subsidiary, Changzhou Xindongneng Semiconductor Co., Ltd., signed a procurement contract with a top domestic electric vehicle client [1] - This collaboration expands the company's share in the SiC product field, reinforcing its market competitiveness [1]

Core Viewpoint - The company, Hongwei Technology (688711.SH), has signed a procurement contract with a leading domestic electric vehicle manufacturer, indicating recognition of its R&D capabilities, supply chain efficiency, and product quality [1] Group 1: Contract Details - The procurement contract was signed with a prominent domestic high-end independent automotive brand [1] - This collaboration is expected to expand the company's market share in the SiC product sector [1] Group 2: Impact on Business - Successful conversion of subsequent orders is anticipated to positively affect the company's operational performance [1] - The specific financial impact and timing will depend on the details of the orders [1]

证券代码：688711 证券简称：宏微科技 公告编号：2025-077 转债代码：118040 债券简称：宏微转债 二、对公司的影响 上述车企客户是国内领先的高端自主汽车品牌，本次合作体现了客户对公司 研发能力、供应链能力及产品质量的认可，进一步扩大了公司在 SiC 产品领域的 配套份额，巩固和提高了公司的市场竞争力；如后续订单陆续顺利转化，预计将 对公司经营业绩产生积极影响，具体影响金额及影响时间将视订单的具体情况而 定。 三、风险提示 上述合同不构成实质订单，该合同履行实施过程中可能存在受宏观经济形势、 行业政策及市场环境变化等因素影响，可能存在履行效果不达预期或者合作终止 的风险。 公司将密切关注后续相关具体事项的进展，并按照《上海证券交易所科创板 1 江苏宏微科技股份有限公司 关于控股子公司获得车企客户项目定点进展暨签 订《采购合同书》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、基本情况 江苏宏微科技股份有限公司（以下简称"公司"）控股子公司常州芯动能半 导体有限公司（以下简称"芯动能"）与国内某新 ...