深圳市智微智能科技股份有限公司（以下简称"公司"）于 2024 年 9 月 27 日召 开第二届董事会第十一次会议和第二届监事会第九次会议审议通过了《关于使用部 分闲置募集资金暂时补充流动资金的议案》，同意公司使用不超过 5,000 万元的部分 闲置募集资金暂时补充流动资金，使用期限自公司董事会审议通过之日起不超过 12 个月，到期归还至募集资金专用账户。具体内容详见公司于 2024 年 9 月 28 日披露 于巨潮资讯网（www.cninfo.com.cn）的《关于使用部分闲置募集资金暂时补充流动 资金的公告》（公告编号：2024-072）。 证券代码：001339 证券简称：智微智能 公告编号：2025-080 深圳市智微智能科技股份有限公司 关于提前归还用于暂时补充流动资金的募集资金的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 本次使用闲置募集资金暂时补充流动资金将于 2025 年 9 月 26 日到期。截至 2025 年 9 月 8 日，公司已将上述用于暂时补充流动资金的募集资金全部提前归还至募集 资金专项账户，使用期限未超过十二个月。公司已 ...

Core Points - The stock price of Zhimi Intelligent has dropped by 5.04% on September 4, reaching 57.13 CNY per share, with a trading volume of 423 million CNY and a turnover rate of 6.01%. The total market capitalization is 14.387 billion CNY. The stock has seen a continuous decline for 7 days, with a cumulative drop of 14.39% during this period [1] - Zhimi Intelligent, established on September 7, 2011, and listed on August 15, 2022, is primarily engaged in the research, production, sales, and services of various electronic devices, including educational, consumer, network equipment, network security, retail, and other products. The revenue composition is as follows: industry terminals 53.57%, ICT infrastructure 15.78%, intelligent computing business 15.31%, others 7.88%, and industrial IoT 7.46% [1] Shareholder Analysis - Among the top ten circulating shareholders of Zhimi Intelligent, a fund under E Fund, specifically E Fund Supply-side Reform Mixed Fund (002910), holds 797,700 shares, unchanged from the previous period, accounting for 1.07% of the circulating shares. The estimated floating loss today is approximately 2.417 million CNY, with a total floating loss of 8.0647 million CNY during the 7-day decline [2] - E Fund Supply-side Reform Mixed Fund (002910) was established on January 25, 2017, with a current scale of 4.056 billion CNY. Year-to-date returns are 14.59%, ranking 4667 out of 8180 in its category; the one-year return is 32.78%, ranking 4192 out of 7978; and since inception, the return is 185.3% [2]

Core Insights - Huawei's HarmonyOS is set to achieve full autonomy by 2025, with over 1.19 billion devices equipped with the system [1] - In the consumer electronics sector, Huawei's smartphone market share in China has reached 25%, with foldable models accounting for 18% [1] - The report identifies five key companies with significant technological advantages and performance elasticity in the HarmonyOS and consumer electronics space [1] Company Summaries 1. Broadcom Integration - Core Positioning: Key supplier of HarmonyOS RF chips [3] - Technological Barriers: First global Wi-Fi 6 IoT chip supporting StarFlash technology, with a domestic substitution rate increasing from 35% to 60% [3] - Market Performance: Net profit in Q1 2025 increased by 910.55%, with HarmonyOS revenue exceeding 30% [3] 2. Chenyi Intelligent - Core Positioning: Leader in HarmonyOS smart interaction hardware [4] - Technological Barriers: Only company in China with full-process R&D capability for HarmonyOS smart remote controls [4] - Market Performance: Q2 2025 shipment volume grew by 210%, with Huawei orders making up 65% [4] 3. Guoguang Electric - Core Positioning: Leader in HarmonyOS acoustic hardware [5] - Technological Barriers: First acoustic module certified by HarmonyOS, integrating AI voice interaction and spatial audio technology [6] - Market Performance: Q1 2025 revenue increased by 42%, with Huawei orders rising to 58% [8] 4. Zhuoyue Technology - Core Positioning: Benchmark for HarmonyOS terminal manufacturing [10] - Technological Barriers: Core manufacturer for Huawei's Mate 70 series, achieving a yield rate of 99.2% [10] - Market Performance: Q2 2025 net profit surged by 1046.17%, with HarmonyOS revenue exceeding 70% [12] 5. Zhiwei Intelligent - Core Positioning: Builder of the HarmonyOS PC ecosystem [14] - Technological Barriers: Developer of the first distributed operating system for X86 architecture based on HarmonyOS [14] - Market Performance: Q1 2025 net profit increased by 979.75%, with a provincial government cloud project exceeding 500 million [16]

Group 1 - The core viewpoint of the article highlights the recognition of Zhang Xinyuan, the Secretary of the Board of Directors of Zhiwei Intelligent Company, who won the 11th Golden Kylin Award for Outstanding Secretary, reflecting her exceptional professional capabilities and contributions to corporate governance and investor relations [1][2] - The Golden Kylin Award has been held for eleven sessions, recognizing over 900 outstanding secretaries, and is regarded as a prestigious award in the industry, focusing on information disclosure quality, investor communication effectiveness, and contributions to corporate governance and ESG [1][2] - The role of a Secretary of the Board is emphasized as a critical link between listed companies and the capital market, serving as a gatekeeper for corporate operations, a strategic advisor for capital, a spokesperson for information disclosure, and an architect for investor relations [1][2] Group 2 - Zhang Xinyuan is recognized as an outstanding representative of her peers, showcasing her excellence in capital communication, compliance governance, and strategic collaboration, which reflects the market's high regard for Zhiwei Intelligent's governance level and value growth [2]

Group 1 - The stock price of Zhiwei Intelligent closed at 69.10 yuan on August 26, 2025, down 1.67% from the previous trading day [1] - The stock experienced significant volatility, reaching a high of 77.30 yuan and a low of 67.31 yuan, with an amplitude of 14.22% and a trading volume of 2.31 billion yuan [1] - Zhiwei Intelligent specializes in the research, production, and sales of IoT devices and solutions, including smart terminals and edge computing devices, and operates in the computer equipment manufacturing industry based in Guangdong Province [1] Group 2 - On August 26, the stock price of Zhiwei Intelligent showed rapid fluctuations, with a quick drop of over 2% within 5 minutes at 9:36 AM, followed by a rebound of over 2% within 5 minutes at 10:25 AM [1] - Data on capital flow indicated a net outflow of 222 million yuan from Zhiwei Intelligent on August 26, accounting for 2.7% of its circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 68.33 million yuan, representing 0.83% of the circulating market value [1]

Investment Rating - The report maintains a positive outlook on the computer industry, expecting overall returns to exceed the CSI 300 index by more than 5% in the next six months [27]. Core Insights - The computer industry index rose by 7.93% during the week of August 18-24, 2025, ranking 4th among 31 primary industries, with a year-to-date increase of 28.86%, outperforming the CSI 300 index by 17.60 percentage points [3][22]. - The release of DeepSeek-V3.1 is expected to drive the domestic AI industry, enhancing the capabilities of programming and search agents significantly [4][8]. - DeepSeek-V3.1 features a hybrid reasoning architecture, improved efficiency, and enhanced agent capabilities, marking a significant advancement in AI technology [12][14]. Summary by Sections 1. DeepSeek-V3.1 Release - DeepSeek-V3.1 was officially released on August 21, 2025, featuring a hybrid reasoning architecture that supports both thinking and non-thinking modes with an expanded context of 128K [12]. - The new version shows improved reasoning efficiency, with a score of 88.4 in AIME 2025, compared to 87.5 for the previous model [13]. - Enhanced agent capabilities were achieved through post-training optimization, significantly improving performance in programming and multi-step tasks [14][16]. 2. Market Review - The computer industry index increased by 7.93% in the week of August 18-24, 2025, with a year-to-date increase of 28.86%, outperforming the CSI 300 index by 17.60 percentage points [22]. - The top five companies in terms of weekly gains included Yuyin Co. (+46.2%), Chengmai Technology (+34.92%), and Kexin Information (+33.94%) [24][25]. 3. Investment Recommendations - The report recommends focusing on companies that will benefit from the release of DeepSeek-V3.1, including Haiguang Information, Zhiwei Intelligent, and Lenovo Group [8]. - Application-side recommendations include Kingsoft Office, Yonyou Network, and Saiyi Information, among others [8].

Group 1: Market Trends in AI and Computing Power - China's computing power platforms are accelerating construction, with 10 provinces officially connected, and a projected growth of over 40% in intelligent computing power by 2025 [8] - Deepseek has optimized data formats UE8M0 FP8 to address the computing power limitations of domestic AI chips, with Zhongke Shuguang completing a full industry chain layout in computing power [11] - The domestic supernode penetration rate is expected to accelerate, with significant performance elasticity anticipated for related companies like Shengke Communication and Feiling Kesi [16][18] Group 2: Company Performance and Developments - Cambridge Technology reported a 15.48% revenue increase and a 51.12% net profit increase in the first half of 2025, driven by high-end product breakthroughs and AI data center demand [20][21] - Shengyi Electronics achieved a revenue of 3.769 billion (up 91%) and a net profit of 531 million (up 452%) in the first half of 2025, with a focus on the 800G market [22] - Haiguang Information's DCU series products are among the few domestic GPGPU products capable of full precision floating-point and various integer data calculations, leading to a 36.74% increase in stock price [25][26] Group 3: Liquid Cooling Technology - AI model updates and application deployments are driving demand for liquid cooling solutions, with the global AI liquid cooling market expected to reach $8.6 billion by 2026 [35] - The main liquid cooling medium is expected to shift towards perfluorinated compounds, with companies like Xinzhou Bang and Bayi Shikong showing significant stock price increases [36][40] - The cessation of PFAS production by 3M by the end of 2025 presents an opportunity for Chinese fluorochemical companies to enter the high-end market, with Sanmei Co. experiencing a stock surge [38][39] Group 4: Investment Opportunities - The potential for investment in companies related to AI and computing power is highlighted, with significant stock price increases observed in companies like Zhongke Shuguang, Cambridge Technology, and Haiguang Information [11][20][25] - The liquid cooling market is also seen as a growth area, with companies like Xinzhou Bang and Sanmei Co. benefiting from the transition to liquid cooling technologies [36][38]

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" [5] Core Insights - The focus of intelligent robotics technology in the next 2-5 years will shift towards unified end-to-end intelligent robot models, developing lower-cost and longer-lasting hardware, and achieving large-scale manufacturing and computing power [1][12] - NVIDIA is set to release a new product termed "robot brain," which signifies a shift towards an intelligent industrial chain in robotics, emphasizing machine vision, cognitive capabilities, control, training, and simulation [1][12] - The 3D visual sensor is becoming the mainstream choice for humanoid robots, enhancing their ability to perceive complex environments accurately [2][13] - NVIDIA outlines three essential computing components for robots: training computers, simulation and synthetic data generation platforms, and runtime computing platforms, which are expected to form new industrial chains [3][14] Summary by Sections Industry Performance - The computer industry index increased by 7.80% this week, outperforming the Shanghai Composite Index by 4.31 percentage points [15][16] - The overall performance of the computer sector is strong, driven by increased market activity and the performance of the AI computing industry [15][20] Market Trends - The report highlights the importance of 3D perception technology in enhancing the decision-making capabilities of robots, with companies like Aibin Technology leading in this area [2][13] - The collaboration between Aibin Technology and NVIDIA aims to integrate 3D vision with computing platforms, enhancing the core capabilities of robotic intelligence [2][13] Important News - The establishment of the Beijing Quantum Computing Industry Innovation Center aims to accelerate the development of quantum computing solutions and promote an open-source community [23] - The launch of virtual asset trading services by 招银国际证券 marks a significant step in the integration of traditional finance with digital assets [23]

证券代码：001339 证券简称：智微智能 公告编号：2025-079 深圳市智微智能科技股份有限公司 2025年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1、本次股东会没有出现否决提案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、召开时间 （1）现场会议召开时间：2025 年 8 月 19 日（星期二）14:30 （2）网络投票时间为：2025 年 8 月 19 日。其中，通过深圳证券交易所交易系 统进行网络投票的具体时间为：2025 年 8 月 19 日上午 9:15 至 9:25，9:30 至 11:30， 下午 13:00 至 15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 8 月 19 日上午 9:15 至下午 15:00 期间任意时间。 2、现场会议召开地点：深圳市南山区兴科路 66 号乐普大厦东塔 23 楼 3、会议召开方式：现场投票与网络投票相结合的方式 4、召集人：深圳市智微智能科技股份有限公司 (以下简称"公司"或"上市公司") ...

广东华商律师事务所 关于 深圳市智微智能科技股份有限公司 2025 年第二次临时股东会的 法律意见书 CHINA COMMERCIAL LAW FIRM. GUANG DONG 深圳市福田区深南大道 4011 号港中旅大厦 21-26 层 二〇二五年八月 法律意见书 广东华商律师事务所 关于深圳市智微智能科技股份有限公司 2025 年第二次临时股东会的法律意见书 致：深圳市智微智能科技股份有限公司 广东华商律师事务所（以下简称"本所"）接受深圳市智微智能科技股份有 限公司（以下简称"公司"）的委托，指派本所律师出席公司2025年第二次临时 股东会（以下简称"本次会议"）。本所律师依据《中华人民共和国证券法》（以 下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》等法律、法规和规范性法律文件以及《深圳市智微智能 科技股份有限公司章程》（以下简称"《公司章程》"）的规定，出具本法律意 见书。 本法律意见书仅对本次会议召集和召开的程序、出席本次会议的人员资格及 表决程序是否符合相关法律法规和公司章程的规定以及本次会议审议议案的表 决结果是否有效进行核查并发表意见，并 ...