Group 1 - The company, Zhenxin Technology, announced on September 1 that it has repurchased approximately 1.86 million shares, accounting for 0.3274% of its total share capital, with a total transaction amount of about 38.99 million yuan [1] - The highest transaction price during the repurchase was 21.16 yuan per share, while the lowest was 20.81 yuan per share [1] - As of the report, Zhenxin Technology has a market capitalization of 15 billion yuan [1] Group 2 - For the fiscal year 2024, the revenue composition of Zhenxin Technology is as follows: integrated circuit business accounts for 47.62%, Beidou terminal and operations account for 30.84%, security monitoring accounts for 15.59%, machine perception and intelligent products account for 4.64%, and others account for 1.29% [1]

证券代码：300101 证券简称：振芯科技 公告编号：2025-058 成都振芯科技股份有限公司 关于股份回购进展的公告 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。 成都振芯科技股份有限公司（以下简称"公司"）于 2024 年 11 月 8 日召开 第六届董事会第四次临时会议和第六届监事会第四次临时会议，审议通过《关于 回购公司股份方案的议案》，公司拟使用自有资金及股票回购专项贷款以集中竞 价交易方式回购公司股份，用于员工持股计划及/或股权激励。本次回购总金额不 低于人民币 3,600 万元且不超过人民币 7,200 万元，回购价格不超过 26.97 元/股。 回购股份实施期限自董事会审议通过本次回购股份方案之日起不超过十二个月。 具体内容详见公司于 2024 年 11 月 11 日在巨潮资讯网披露的《关于回购公司股份 方案暨取得回购公司股份融资支持的公告》《回购报告书》（公告编号：2024-077、 2024-078）。因公司 2024 年年度权益分派已实施完毕，根据公司回购股份方案， 本次回购股份的价格由不超过 26.97 元/股调整至不超过 26.8 ...

Group 1 - The core business of Chengdu Zhenxin Technology Co., Ltd. involves providing products and services across the "components-terminal-system" industry chain related to Beidou satellite navigation applications, including the design, development, production, and sales of key components, high-performance integrated circuits, and navigation terminals [2] - As of June 30, 2025, the company achieved operating revenue of 483 million yuan, representing a year-on-year growth of 36.44%, and a net profit attributable to shareholders of 65.55 million yuan, with a year-on-year increase of 36.71% [2] - The revenue composition of the company 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% [2] Group 2 - As of August 27, 2023, the total financing and securities balance of Zhenxin Technology was 678 million yuan, with a financing balance of 675 million yuan, accounting for 4.53% of the circulating market value, indicating a high level compared to the past year [1] - On August 27, 2023, the company had a financing buy-in amount of 56.14 million yuan and a net financing buy-in of -9.59 million yuan, indicating more financing repayment than new financing [1] - The company has cumulatively distributed dividends of 189 million yuan since its A-share listing, with 41.51 million yuan distributed in the last three years [3]

Core Viewpoint - Zhenxin Technology (振芯科技) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit, driven by demand recovery in the semiconductor industry and growth in specific product lines [1][2]. Financial Performance Summary - Total revenue reached 483 million yuan, a year-on-year increase of 36.44% [1] - Net profit attributable to shareholders was 65.55 million yuan, up 36.71% year-on-year [1] - In Q2 alone, revenue was 314 million yuan, reflecting a 46.11% increase compared to the same quarter last year [1] - Q2 net profit was 57.01 million yuan, marking a 77.54% increase year-on-year [1] - Gross margin improved to 61.54%, up 8.38% year-on-year, while net margin increased to 13.31%, up 1.74% [1] Revenue Breakdown - Integrated circuit product sales grew by 29.55%, contributing 242.66 million yuan [2] - Revenue from Beidou navigation products surged by 73.21%, totaling 171.17 million yuan [2] - Revenue from smart city services slightly declined by 0.73% to 54.79 million yuan due to market fluctuations [2] - Revenue from machine perception and intelligent products increased by 3.26% to 11.77 million yuan [2] Cost and Expense Analysis - Operating costs rose by 21.41%, attributed to increased product sales [2] - Management expenses surged by 90.31%, primarily due to stock incentive plans [2] - Financial expenses increased by 12.63%, linked to reduced interest income [2] Tax and R&D Investment - Income tax expenses decreased by 141.07% due to tax incentives, applying a 10% tax rate [3] - R&D investment grew by 20.13%, driven by increased external costs for project development [3] Cash Flow and Investment Activities - Net cash flow from operating activities decreased by 275.78%, due to higher production and procurement expenses [4] - Net cash flow from investing activities fell by 76.41%, influenced by increased investments in the Chuangxin Smart Industrial Park [4] - Net cash flow from financing activities rose by 119.78%, reflecting new long-term borrowings for the industrial park [4] Fund Holdings - The largest fund holding Zhenxin Technology is the Quan Guo Xu Yuan Mixed Fund, which recently increased its position [6][7] - Other funds that have entered the top ten holdings include Huaxia Industry Prosperity Mixed Fund and Yongying National Certificate General Aviation Industry ETF [7]

Core Insights - The company, Zhenxin Technology (300101.SZ), reported a total operating revenue of 483 million yuan for the first half of 2025, marking an increase of 129 million yuan or 36.44% year-on-year [1] - The net profit attributable to shareholders reached 65.55 million yuan, up by 17.6 million yuan or 36.71% compared to the same period last year [1] - The company’s cash flow from operating activities was negative at -6.25 million yuan [1] Financial Performance - The latest debt-to-asset ratio stands at 32.25% [3] - The gross profit margin is 61.54%, ranking 3rd among peers, with a quarter-on-quarter increase of 0.38 percentage points and a year-on-year increase of 4.76 percentage points [3] - Return on equity (ROE) is 3.64%, ranking 7th among peers, with a year-on-year increase of 0.92 percentage points [3] - The diluted earnings per share (EPS) is 0.12 yuan, ranking 16th among peers, reflecting a year-on-year increase of 35.92% [3] - The total asset turnover ratio is 0.17 times, ranking 11th among peers, with a year-on-year increase of 26.68% [3] - The inventory turnover ratio is 0.32 times, with a year-on-year increase of 21.62% [3] Shareholder Structure - The number of shareholders is 47,300, with the top ten shareholders holding 244 million shares, accounting for 43.01% of the total share capital [3] - The largest shareholder is Chengdu Guoteng Electronics Group Co., Ltd., holding 29.21% [3] - Other notable shareholders include China Merchants Bank and various investment funds, with holdings ranging from 0.72% to 4.51% [3]

Financial Performance - In the first half of 2025, the company's revenue reached 483,126,015.76 yuan, representing a year-on-year increase of 36.44% [2][3] - The net profit attributable to shareholders was 65,553,496.39 yuan, up 36.71% compared to the same period last year [2][3] - The net profit after deducting non-recurring gains and losses was 54,808,665.25 yuan, showing an increase of 82.37% year-on-year [2][3] - The company's total assets as of the end of the reporting period were 2,901,055,630.83 yuan, a slight decrease of 0.45% from the previous year [2][3] - The net assets attributable to shareholders increased by 1% to 1,799,947,673.35 yuan [2][3] Business Segments - In the high-performance integrated circuit sector, the company focused on enhancing key technological capabilities, particularly in RF communication, with advancements in wideband, high integration, low cost, and low power consumption [4] - The company successfully promoted its first-generation 3G-SDI products and is developing the next-generation 12G-SDI products to meet specific industry needs [4] - In the navigation chip sector, the company is developing high-performance chips with enhanced satellite navigation signal reception capabilities based on the Beidou III full-function baseband chip [4] Intelligent Systems and Smart City Initiatives - The company has developed a multi-modal SLAM navigation system and cluster management platform, enabling autonomous inspection and remote management capabilities for quadruped robots [5] - The company has received stable orders for special camera products and successfully applied quadruped robots in smart policing projects in Chengdu [5] - The company won a bid for a smart perception source construction project in Chengdu, although progress has been delayed due to government financial approval processes [5]

Company Summary - Zhenxin Technology (SZ 300101) announced the convening of its 15th meeting of the 6th Board of Directors on August 25, 2025, to review the second quarter work report and third quarter work plan of the Audit Committee [1] - For the fiscal year 2024, Zhenxin Technology's revenue composition is as follows: integrated circuit business accounts for 47.62%, Beidou terminal and operations account for 30.84%, security monitoring accounts for 15.59%, machine perception and intelligent products account for 4.64%, and others account for 1.29% [1] Industry Summary - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to a surge in stock prices for related listed companies [1]

Core Viewpoint - The company has announced an adjustment to the grant price of its 2024 restricted stock incentive plan, reducing it from 15.36 CNY per share to 15.29 CNY per share due to the completion of its annual profit distribution [3][4][5]. Summary by Sections Approval Process - The company held meetings to approve the 2024 restricted stock incentive plan and its related proposals, including the adjustment of the grant price [2][3]. - The board of directors and the supervisory committee have verified and approved the list of incentive recipients [2]. Adjustment Details - The adjustment was made following the completion of the 2024 annual profit distribution, where shareholders received a cash dividend of 0.735 CNY for every 10 shares held [3][5]. - The adjustment formula used was P = P0 - V, where P0 is the original grant price and V is the cash dividend per share [3][4]. Impact of Adjustment - The adjustment of the grant price is in compliance with relevant regulations and will not materially affect the company's financial status or operating results [5][6]. - Both the remuneration and assessment committee and the supervisory committee have agreed that the adjustment process is legal and does not harm the interests of the company or its shareholders [5][6]. Legal Opinion - The legal opinion confirms that the adjustment has received the necessary approvals and complies with applicable laws and regulations [6].

Core Insights - The company, Zhenxin Technology (300101.SZ), reported a revenue of 483 million yuan for the first half of 2025, representing a year-on-year growth of 36.44% [1] - The net profit attributable to shareholders of the listed company was 65.55 million yuan, showing a year-on-year increase of 36.71% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 54.81 million yuan, which reflects a significant year-on-year growth of 82.37% [1] - The basic earnings per share were reported at 0.1154 yuan [1]

本次会议由董事长谢俊先生主持，经参会董事审议与表决，本次会议通过了 以下议案： 1. 审议通过《2025 年半年度报告》（全文及摘要） 董事会认为公司《2025 年半年度报告》（全文及摘要）包含的信息公允、全 面、真实地反映了本报告期的财务状况和经营成果等事项，所披露的信息真实、 准确、完整，不存在任何虚假记载、误导性陈述或者重大遗漏。 证券代码：300101 证券简称：振芯科技 公告编号：2025-051 成都振芯科技股份有限公司 第六届董事会第十五次会议决议公告 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。 成都振芯科技股份有限公司（以下简称"公司"）董事会于 2025 年 8 月 14 日以书面方式向全体董事发出第六届董事会第十五次会议（以下简称"本次会议"） 通知，本次会议于 2025 年 8 月 25 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 都振芯科技股份有限公司章程》的有关规定。 鉴于公司 2024 年年度权益分派已实施完毕：以公司总股本剔除已回购股份 3,192, ...