成都振芯科技股份有限公司 2025 年第三季度报告披露提示性公告 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。 证券代码：300101 证券简称：振芯科技 公告编号：2025-067 成都振芯科技股份有限公司《2025 年第三季度报告》于 2025 年 10 月 30 日在 中国证监会指定创业板信息披露网站上披露，敬请投资者注意查阅。 特此公告 成都振芯科技股份有限公司 董事会 2025 年 10 月 29 日 ...

证券代码：300101 证券简称：振芯科技 公告编号：2025-070 成都振芯科技股份有限公司 关于为全资子公司申请银行贷款提供担保的公告 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。 一、担保情况概述 1、成都振芯科技股份有限公司（以下简称"公司"）全资子公司成都国翼电 子技术有限公司（以下简称"国翼电子"）因生产经营需要，拟向中信银行股份 有限公司成都分行（以下简称"中信银行"）申请不超过 4,000 万元人民币、期限 不超过两年的综合授信敞口额度，并由公司为其提供连带最高额保证担保；拟向 成都银行股份有限公司高新支行（以下简称"成都银行"）申请不超过 2,000 万元 人民币的一年期流动资金贷款，并由公司为其提供连带责任保证担保。鉴于国翼 电子目前财务状况稳定，经营情况良好，财务风险可控，公司拟为国翼电子申请 上述贷款提供保证担保。 2、公司于 2025 年 10 月 29 日召开的第六届董事会第十六次会议审议通过了 《关于为全资子公司申请银行贷款提供担保的议案》。根据《上市公司监管指引第 8 号——上市公司资金往来、对外担保的监管要求》《深圳证券交 ...

证券代码：300101 证券简称：振芯科技 公告编号：2025-066 1. 审议通过《2025 年第三季度报告》 根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易所 创业板上市公司自律监管指南第 2 号——公告格式》等规定，监事会对《2025 年 第三季度报告》进行了认真审核，并提出如下书面审核意见，监事会认为：董事 会编制和审核公司《2025 年第三季度报告》程序符合法律、行政法规和中国证监 会的规定，报告内容真实、准确、完整地反映了公司的实际情况，不存在任何虚 假记载、误导性陈述或者重大遗漏。 表决情况：同意 3 票，反对 0 票，弃权 0 票。 《2025 年第三季度报告》全文内容详见公司在巨潮资讯网刊载的相关文件。 《2025 年第三季度报告披露提示性公告》将同时刊登于《中国证券报》《证券日报》。 特此公告 成都振芯科技股份有限公司 第六届监事会第十四次会议决议公告 本公司及监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。 成都振芯科技股份有限公司（以下简称"公司"）监事会于 2025 年 10 月 17 日以书面方式向全体监事发出第六届监事 ...

证券代码：300101 证券简称：振芯科技 公告编号：2025-065 成都振芯科技股份有限公司 第六届董事会第十六次会议决议公告 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。 《2025 年第三季度报告》全文内容详见公司在巨潮资讯网刊载的相关文件。 《2025 年第三季度报告披露提示性公告》将同时刊登于《中国证券报》《证券日报》。 2. 审议通过《董事会审计委员会 2025 年第三季度工作报告及第四季度工作 计划》 董事会认为董事会审计委员会编制的 2025 年第三季度工作报告及第四季度工 作计划符合公司实际情况，为公司各方面经营工作提出了中肯建议。 1 表决情况：同意 9 票，反对 0 票，弃权 0 票。 成都振芯科技股份有限公司（以下简称"振芯科技"或"公司"）董事会于 2025 年 10 月 17 日以书面方式向全体董事发出第六届董事会第十六次会议（以下 简称"本次会议"）通知，本次会议于 2025 年 10 月 29 日以现场表决及通讯表决 的方式召开，应参会董事 9 人，实际参会董事 9 人。本次会议的通知和召开符合 有关法律法规和《成都振芯科技 ...

Core Insights - The company reported a third-quarter revenue of 253 million yuan, representing a year-on-year growth of 20.62% [1] - The net profit for the third quarter was 27.22 million yuan, showing an 18.43% increase compared to the same period last year [1] - For the first three quarters, the total revenue reached 736 million yuan, with a year-on-year growth of 30.56% [1] - The net profit for the first three quarters was 92.78 million yuan, reflecting a 30.79% increase year-on-year [1]

成都振芯科技股份有限公司 2025 年第三季度报告 证券代码：300101 证券简称：振芯科技 公告编号：2025-068 成都振芯科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | | 年初至报告期末比上 年初至报告期末 | | | | --- | --- | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | | | 营业收入（元） | 252,512,584.30 | | 20.62% | 73 ...

Group 1 - The core viewpoint of the news is that Zhenxin Technology's stock has increased by 5.06%, reaching 24.10 CNY per share, with a trading volume of 331 million CNY and a turnover rate of 2.48%, resulting in a total market capitalization of 13.687 billion CNY [1] - Zhenxin Technology, established on June 12, 2003, and listed on August 6, 2010, is based in Chengdu, Sichuan Province. The company focuses on the "components-terminal-system" industry chain related to Beidou satellite navigation, providing products and services including key components for Beidou satellite navigation applications, high-performance integrated circuits for special industries, and the development and construction of Beidou satellite navigation positioning application systems [1] - The revenue composition of Zhenxin Technology includes integrated circuit business at 50.23%, comprehensive Beidou navigation applications at 35.43%, smart city construction and operation services at 11.34%, machine perception and intelligent products at 2.44%, and others at 0.57% [1] Group 2 - From the perspective of Zhenxin Technology's top ten circulating shareholders, a fund under Quanguo Fund ranks among them. The fund, Quanguo Xuyuan Three-Year Holding Period Mixed A (016709), increased its holdings by 1.9409 million shares in the second quarter, holding a total of 25.6144 million shares, which accounts for 4.53% of the circulating shares. The estimated floating profit today is approximately 29.7128 million CNY [2] - Quanguo Xuyuan Three-Year Holding Period Mixed A (016709) was established on October 18, 2022, with a latest scale of 16.329 billion CNY. Year-to-date returns are 44.25%, ranking 1460 out of 8226 in its category; the one-year return is 40.23%, ranking 1626 out of 8099; and since inception, the return is 8.3% [2]

Investment Rating - The report maintains a "Positive" investment rating for the military industry [2] Core Insights - The report emphasizes the timely achievement of the centenary goal of building a strong military, highlighting the modernization of national defense and military capabilities [13] - It identifies three dimensions—defense budget, military trade, and military-civilian integration—as key areas for growth in the military industry, indicating that the sector still has significant growth potential [20] - The report outlines a new "three-step" strategy for national defense and military modernization, aiming for substantial advancements by 2035 and a world-class military by the mid-21st century [17] Summary by Sections Section 1: National Defense and Military Goals - The Fourth Plenary Session of the 20th Central Committee emphasizes achieving the centenary goal of building a strong military and advancing military modernization [13] - The session outlines a strategic framework for military development, focusing on political, reform, technological, and talent-driven advancements [13] Section 2: Defense Budget and Military Trade - China's defense budget for 2025 is projected at 1.7847 trillion yuan, with a growth rate of 7.2%, which is higher than the GDP growth target [23] - The report notes that China's defense spending as a percentage of GDP has room to grow, with a current ratio lower than that of major Western countries [23][25] - China's military trade share in the global market is approximately 6%, with potential for significant growth if it reaches 10%-20% [28] Section 3: Military-Civilian Integration - The report highlights the commercial aviation sector's potential for growth, estimating that the domestic commercial aircraft market could be 2.5 times the current military aircraft market [33] - It discusses the expected growth in the commercial aerospace sector, driven by advancements in satellite technology and the establishment of large satellite constellations [39] Section 4: Space Industry Development - The Fourth Plenary Session calls for accelerated construction of a strong aerospace nation, with significant investments in commercial space initiatives [39] - The report details plans for multiple large-scale satellite constellations, with significant deployment milestones set for 2025, 2027, and 2030 [52][48] Section 5: Investment Strategy for the Military Industry - The report suggests a focus on companies that enhance product capabilities, market penetration, and customer pricing as key investment targets [71] - It emphasizes the importance of selecting stocks based on their potential for growth in the context of military modernization and technological advancements [71]

Core Insights - On October 23, Zhenxin Technology experienced a slight decline of 0.18% with a trading volume of 139 million yuan, indicating a relatively stable market position [1] - The company reported a net financing outflow of 3.58 million yuan on the same day, with a total financing balance of 655 million yuan, which constitutes 5.09% of its market capitalization [1][2] - Zhenxin Technology's revenue for the first half of 2025 reached 483 million yuan, reflecting a year-on-year growth of 36.44%, while the net profit attributable to shareholders was 65.55 million yuan, also up by 36.71% [2] Financing and Margin Trading - On October 23, Zhenxin Technology had a financing buy-in of 6.51 million yuan, with a total financing balance of 655 million yuan, which is above the 50th percentile of the past year [1] - The company repaid 1,009.74 million yuan in financing, resulting in a net financing outflow of 358.26 million yuan [1] - The margin trading data shows a low short-selling balance of 1.04 million yuan, indicating a lower level of short interest compared to the past year [1] Business Overview - Zhenxin Technology, established in June 2003 and listed in August 2010, focuses on the "components-terminals-systems" industry chain related to BeiDou satellite navigation [2] - The company's revenue composition includes integrated circuits (50.23%), BeiDou navigation applications (35.43%), smart city construction services (11.34%), machine perception and intelligent products (2.44%), and others (0.57%) [2] - As of June 30, 2025, the number of shareholders decreased by 12.35% to 47,300, while the average circulating shares per person increased by 14.10% to 11,967 shares [2] Shareholder Structure - As of June 30, 2025, the second-largest circulating shareholder is Quan Guo Xu Yuan Mixed A, holding 25.61 million shares, an increase of 1.94 million shares from the previous period [3] - New institutional investors include Huaxia Industry Prosperity Mixed A, which ranks fifth among circulating shareholders with 8.05 million shares [3] - The ninth-largest shareholder is the Southern CSI 1000 ETF, which increased its holdings by 0.80 million shares to 4.20 million shares [3]

Core Viewpoint - The ongoing legal dispute regarding the dissolution of Guoteng Electronics, the controlling shareholder of Zhenxin Technology, has seen a recent development with the Sichuan High People's Court rejecting the shareholders' request for a retrial, affirming the company's current governance structure and control [1][3][5]. Group 1: Legal Proceedings - The Sichuan High People's Court has dismissed the retrial application from four shareholders of Guoteng Electronics, confirming the previous ruling that the company should not be dissolved [1][2]. - The legal battle began in February 2018 when the four shareholders filed a lawsuit seeking the dissolution of Guoteng Electronics, which led to a series of court rulings, including a first-instance judgment in September 2018 and a retrial decision in November 2021 [2][4]. - Following the dismissal of the retrial application, the four shareholders expressed their intention to continue pursuing the dissolution based on new facts [3][5]. Group 2: Company Control and Governance - The dispute is rooted in a control struggle over Zhenxin Technology, with the four shareholders claiming that Guoteng Electronics is in a governance deadlock and lacks an actual controller [4][5]. - The court ruled that there was insufficient evidence to prove that Guoteng Electronics was in a state of deadlock as defined by company law, allowing the company to continue operating under the control of He Yan, who holds a 51% stake [5]. - Despite the court's ruling, the current management of Zhenxin Technology maintains control over the board, leading to conflicts over governance proposals, including a rejected board expansion proposal from Guoteng Electronics [5][6].