Core Viewpoint - The company, Geke Micro (688728.SH), has announced the mass production and shipment of its 0.61-micron 50 million pixel image sensor product, which is expected to enhance its core competitiveness in the smartphone market [1] Group 1 - The new image sensor product has entered the main camera market for branded smartphones [1] - The mass production and shipment of this product will positively impact the company's future development [1]

Core Viewpoint - The company GeKongwei (688728.SH) has announced the mass production and shipment of its 0.61-micron 50 million pixel image sensor product, which is expected to strengthen its core competitiveness and positively impact future development [1] Group 1 - The 0.61-micron 50 million pixel image sensor has entered the main camera market for branded smartphones [1] - The mass production and shipment of this product will help consolidate the company's market position [1] - The development is anticipated to have a positive influence on the company's future growth [1]

Core Viewpoint - The company has successfully launched the world's first single-chip 0.61-micron 50 million pixel image sensor, marking a significant advancement in high-pixel integrated technology and validating its Fab-Lite model [1][2] Group 1: Product Launch and Features - The 0.61-micron 50 million pixel image sensor has entered mass production and is suitable for various camera applications, including smartphone rear main cameras, ultra-wide-angle, and front cameras [1] - The product utilizes the proprietary GalaxyCell 2.0 process platform and is manufactured in the company's own wafer fab, enhancing the performance of small pixels [1] - It features a 1/2.88 optical size, which reduces the thickness of camera modules, and integrates single-frame high dynamic range (DAGHDR) technology to address overexposure and underexposure issues in backlit scenes [1] Group 2: Market Recognition and Future Plans - The successful entry into the brand smartphone rear main camera market signifies market recognition of the company's innovative high-pixel single-chip integration technology [2] - The company has previously achieved mass production of 0.7-micron and 1.0-micron 50 million pixel image sensor products, demonstrating a consistent advancement in its technology [2] - Future plans include further iterations of high-pixel products, such as 32 million and 50 million pixel specifications, as well as the introduction of products exceeding 100 million pixels to enhance core competitiveness and expand market share [2]

Core Viewpoint - GeKowei (688728.SH) announced the mass production and shipment of its 0.61-micron 50 million pixel image sensor, which is expected to strengthen the company's core competitiveness in the main camera market for branded smartphones [1] Summary by Relevant Categories Product Development - The new image sensor product has entered the main camera market for branded smartphones, indicating a significant step in product development and market entry [1] Market Positioning - The successful launch of the image sensor is aimed at consolidating and enhancing the company's competitive position within the industry [1] Market Challenges - The product still requires market promotion and further customer validation, highlighting potential challenges in market expansion and customer acquisition [1]

| 代码 | 简称 | 今日涨跌 | 今日换手 | 5日均线 | 10日均线 | 5日较10日均线 | 最新价 | 较10日均线乖 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | （%） | 率（%） | （元） | （元） | 距离（%） | （元） | 离率（%） | | 002052 | 同洲 | -0.77 | 2.45 | 10.71 | 10.85 | -1.25 | 10.32 | -4.85 | | | 电子 | | | | | | | | | 002989 | 中天 | -0.77 | 2.14 | 32.36 | 32.71 | -1.07 | 31.12 | -4.87 | | | 精装 | | | | | | | | | 603983 | 丸美 生物 | -2.64 | 0.70 | 39.79 | 40.17 | -0.93 | 38.69 | -3.68 | | | 格科 | | | | | | | | | 688728 | 微 | 0.46 | 0.48 | 15.71 | 15.82 | -0.68 ...

Market Overview - The Shanghai Composite Index is at 3555.41 points, with a decline of 0.50% [1] - The total trading volume of A-shares is 128.87 billion yuan [1] Technical Analysis - A total of 64 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Tongzhou Electronics: -1.29% - Marubi Biological: -0.95% - GeKao Micro: -0.69% [1] Individual Stock Performance - Key stock performances include: - Tongzhou Electronics (002052): Today's change -1.15%, 5-day MA at 10.70 yuan, 10-day MA at 10.84 yuan, with a distance of -1.29% [1] - Marubi Biological (603983): Today's change -2.84%, 5-day MA at 39.78 yuan, 10-day MA at 40.16 yuan, with a distance of -0.95% [1] - GeKao Micro (688728): Today's change 0.33%, 5-day MA at 15.71 yuan, 10-day MA at 15.82 yuan, with a distance of -0.69% [1] - Other notable stocks include: - Huatai Securities (601059): Today's change -0.86%, 5-day MA at 16.73 yuan, 10-day MA at 16.84 yuan, with a distance of -0.66% [1] - Jiabao (600622): Today's change -1.01%, 5-day MA at 3.08 yuan, 10-day MA at 3.10 yuan, with a distance of -0.64% [1] Additional Stock Movements - Other stocks with notable movements include: - Laka Laka (300773): Today's change -4.02%, 5-day MA at 27.62 yuan, 10-day MA at 27.73 yuan, with a distance of -0.39% [2] - Yongtai Technology (002326): Today's change 4.09%, 5-day MA at 13.25 yuan, 10-day MA at 13.29 yuan, with a distance of -0.32% [2] - Qijing (603677): Today's change -0.46%, 5-day MA at 19.91 yuan, 10-day MA at 19.96 yuan, with a distance of -0.25% [2]

Core Viewpoint - The article discusses the recent approval of NVIDIA to resume sales of H20 computing cards in China and the introduction of new GPU products tailored for the Chinese market, highlighting the rapid progress of domestic semiconductor companies in the context of increasing local competition [1] Group 1: Market Dynamics - The loosening of restrictions is driven by the need to prevent overseas giants from losing market share in China due to the accelerated advancement of local competitors [1] - In the CMOS image sensor (CIS) sector, Sony has postponed its target of achieving a 60% market share by 2025 due to lower-than-expected sales from major clients and intensified competition in the high-end Chinese market [1][21] - Geke Micro has successfully captured the second position globally in terms of product sales, emerging as a significant competitor to Sony [1][21] Group 2: Geke Micro's Performance - Geke Micro achieved a revenue of 6.383 billion yuan in 2024, marking a year-on-year growth of 35.90%, while the first quarter of 2025 saw an 18.21% increase in revenue [3] - Despite high revenue growth, Geke Micro reported a net loss in the first quarter, attributed to strategic investments aimed at seizing technological leadership and optimizing product mix [3][5] - The company significantly increased its R&D expenditure to 952 million yuan in 2024, a 19.66% increase, with Q1 2025 R&D expenses surging to 262 million yuan, reflecting a 30% increase [3] Group 3: Strategic Shifts - Geke Micro's high-end product line, particularly those with pixel counts of 13 million and above, has become a key revenue growth driver, contributing approximately 40% to its mobile CIS business in 2024 [6] - The successful mass production of 50MP CIS products has allowed Geke Micro to penetrate mainstream Android brand supply chains, altering market perceptions of its reliance on low-end products [8][6] - The company’s management expressed confidence that the mass shipment of 50MP products will lead to a recovery in gross margins, supported by a stock incentive plan tied to revenue growth from high-pixel products [9] Group 4: Fab-Lite Model - Geke Micro's Fab-Lite model, which combines elements of traditional fabless and IDM strategies, is crucial for maintaining supply chain security and enhancing long-term competitiveness [10][12] - The shift towards the Fab-Lite model is evident among leading domestic chip design companies, aiming to secure core processes and ensure supply chain stability [12][14] - Geke Micro's self-built production lines enable close integration of design and manufacturing, facilitating rapid iteration and optimization of high-pixel products [15][16] Group 5: Market Position and Future Outlook - The semiconductor sector has faced significant volatility, with Geke Micro's stock performance reflecting broader industry trends [19] - Despite recent challenges, Geke Micro has demonstrated resilience, continuously enhancing its technological capabilities and market share [20] - The article concludes that the ability of domestic companies to build irreplaceable core technologies and capacities will determine the competitive landscape in the semiconductor industry [22]

Group 1 - Jiangte Electric plans to change its control rights, with stock suspension starting from July 22, expected to last no more than 2 trading days. Additionally, its subsidiary Yichun Yinli will suspend operations for equipment maintenance for approximately 26 days, which is not expected to significantly impact annual performance [3] - Core Technology intends to sell 100% equity of its subsidiary Zhongshan Core Automation Technology for 156 million yuan and transfer related assets for a total of approximately 82 million yuan. The company aims to optimize its business structure by consolidating resources [4] - Fengmao Co. plans to invest no more than 1.5 billion yuan to establish an intelligent chassis thermal control system production base in Yuyao, while terminating the project for a parts production base in Jiaxing, which had not yet commenced [5] - Haopeng Technology's controlling shareholder voluntarily extends the lock-up period for pre-IPO restricted shares by 12 months, reflecting confidence in the company's future development [6] - Good Products has been involved in a share transfer dispute, with the court accepting the case involving 996 million yuan. The outcome may introduce uncertainties regarding the control transfer of its major shareholder [7] Group 2 - Haitan Ruisheng expects a net profit increase of 607.01% to 960.52% for the first half of 2025, driven by rapid growth in AI technology and its applications [9] - GeKao Micro anticipates a revenue growth of 22.27% to 36.51% for the first half of 2025, supported by the recognition of its high-pixel chip integration technology [10] - Jinghe Integration forecasts a net profit increase of 39.04% to 108.55% for the first half of 2025, benefiting from improved industry conditions and increased product sales [11] - Best Beauty expects a net profit increase of 100.07% to 168.38% for the first half of 2025, attributed to significant profit growth in trade products [12] - Juzan Optoelectronics reports a net profit growth of 3.43% for the first half of 2025, with a proposed stock dividend of 4.5 shares for every 10 shares held [13] - Changshu Bank reports a net profit of 1.969 billion yuan for the first half of 2025, a year-on-year increase of 13.55% [14] - Keda Li anticipates a net profit increase of 15.73% to 26.53% for the first half of 2025, driven by the growth in new energy vehicle sales [15] - *ST Sitong reports a net loss of 16.201 million yuan for the first half of 2025, despite a revenue increase of 75.88% [16] Group 3 - Gaode Infrared has signed contracts totaling 685 million yuan for overseas market orders, representing 25.59% of its projected 2024 revenue [18] - Dajin Heavy Industry has signed a contract worth approximately 430 million yuan for offshore wind farm foundation supplies, accounting for 11.38% of its projected 2024 revenue [20] - Dongfang Precision has established a strategic partnership with Leju Robotics, focusing on embodied intelligent robots [21] - Chuling Information's subsidiary has signed a framework contract with China Mobile for a total amount of 421 million yuan, involving intelligent network integration products [22] - Hongxin Technology has entered into contracts with a leading domestic flying car company for component development and procurement [23] Group 4 - Dongcai Technology's chairman plans to reduce his stake by up to 0.43% due to personal financial needs [25] - Tianchuang Fashion's shareholder Visions plans to reduce its stake by up to 1% through centralized bidding [26]

三、风险提示 公司2025年1-6月营业收入情况未经注册会计师审计，为财务部门基于自身 专业判断进行的初步核算。公司不存在影响本次预告内容准确性的重大不确定因 素。 一、2025年1-6月营业收入情况 经财务部门初步测算，格科微有限公司（以下简称"公司"） 预计2025年1-6 月实现营业收入34.11亿元-38.09亿元，同比增长22.27%-36.51%。 二、本期营业收入变化的主要原因 2025年1-6月，公司首创的单芯片高像素芯片集成技术得到市场的进一步认 可，全面覆盖品牌客户，持续提升高像素产品的市场占有率。公司5,000万像素 多个规格产品均已成功导入多家品牌客户，在手订单充足，下半年将持续放量。 2025 年 1-6 月 ， 公 司 预 计 实 现 营 业 收 入 34.11 亿 元 -38.09 亿 元 ， 同 比 增 长 22.27%-36.51%。 证券代码：688728 证券简称：格科微 公告编号：2025-022 格科微有限公司 关于2025年1-6月营业收入的自愿性披露公告 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 或重大遗漏，并对其内容的真实性、准确性和完 ...

Group 1 - The company expects to achieve operating revenue of 3.411 billion to 3.809 billion yuan in the first half of 2025, representing a year-on-year growth of 22.27% to 36.51% [1] - The company's innovative single-chip high-pixel chip integration technology has gained further market recognition, covering brand customers comprehensively and continuously increasing the market share of high-pixel products [1] - The company has successfully introduced multiple specifications of 50 million pixel products to several brand customers, with sufficient orders on hand, and will continue to ramp up production in the second half of the year [1]