格隆汇11月20日丨北京君正(300223.SZ)在互动平台表示，公司智能视觉芯片主要面向智能安防、泛视 觉等领域，无需3D技术。 ...

Group 1 - The core viewpoint of the article is that the increase in storage prices will positively impact the sales revenue of the company's storage products [1] Group 2 - The company, Beijing Junzheng (300223.SZ), communicated this information through its investor interaction platform [1] - The rise in storage prices is expected to drive growth in the company's sales revenue [1]

Core Viewpoint - The company has successfully mass-produced its V2 CPU core and is currently developing the V3 CPU core, which is expected to be sampled next year [1] Group 1 - The V2 CPU core is now in mass production [1] - The V3 CPU core is under development and is anticipated to be sampled in the following year [1]

Core Viewpoint - Beijing Junzheng's stock price has experienced fluctuations, with a year-to-date increase of 25.57% but a recent decline of 11.05% over the past five trading days [1] Company Overview - Beijing Junzheng Integrated Circuit Co., Ltd. specializes in the research and sales of microprocessor chips, smart video chips, storage chips, and analog chips [1][2] - The company was established on July 15, 2005, and went public on May 31, 2011 [1] Financial Performance - For the period from January to September 2025, Beijing Junzheng reported a revenue of 3.437 billion yuan, representing a year-on-year growth of 7.35%, while the net profit attributable to shareholders decreased by 19.75% to 244 million yuan [2] - Cumulative cash dividends since the A-share listing amount to 439 million yuan, with 183 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 6.03% to 108,100, with an average of 3,891 circulating shares per person, a decrease of 5.68% [2] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable changes in their holdings [3]

Core Viewpoint - Beijing Junzheng's stock price increased by 1.94% on November 17, with a trading volume of 3.466 billion yuan, indicating strong market interest and activity in the company's shares [1] Financing Summary - On November 17, Beijing Junzheng had a financing buy-in amount of 443 million yuan, with a repayment of 379 million yuan, resulting in a net financing purchase of 64.08 million yuan [1] - The total financing and securities lending balance for Beijing Junzheng reached 3.306 billion yuan as of November 17 [1] - The current financing balance of 3.285 billion yuan accounts for 7.25% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1] Securities Lending Summary - On November 17, Beijing Junzheng repaid 1,000 shares in securities lending and sold 7,100 shares, amounting to 667,000 yuan based on the closing price [1] - The remaining securities lending volume is 22,920 shares, with a securities lending balance of 21.5362 million yuan, also exceeding the 90th percentile level over the past year, reflecting a high level of short selling activity [1] Company Overview - Beijing Junzheng Integrated Circuit Co., Ltd. was established on July 15, 2005, and listed on May 31, 2011, focusing on the research and sales of microprocessor chips, smart video chips, storage chips, and analog chips [2] - The revenue composition of the company includes storage chips (61.56%), computing chips (26.87%), analog and interconnect chips (10.84%), and others (0.53%) [2] - As of September 30, 2025, the company reported a revenue of 3.437 billion yuan, a year-on-year increase of 7.35%, while the net profit attributable to shareholders decreased by 19.75% to 244 million yuan [2] Dividend Summary - Since its A-share listing, Beijing Junzheng has distributed a total of 439 million yuan in dividends, with 183 million yuan distributed over the past three years [3] Institutional Holdings Summary - As of September 30, 2025, the top ten circulating shareholders of Beijing Junzheng include Hong Kong Central Clearing Limited, which increased its holdings by 1.7068 million shares to 8.0896 million shares [3] - The E Fund ChiNext ETF and Southern CSI 500 ETF reduced their holdings by 1.1488 million shares and 104,600 shares, respectively [3]

Group 1 - The A-share market experienced a collective decline on November 17, with the Shanghai Composite Index dropping by 0.47% during intraday trading. Sectors such as forestry, aerospace and military, and heavy machinery showed gains, while biotechnology and power generation equipment faced significant losses [1] - In the semiconductor sector, there was a mixed performance among chip technology stocks. The chip ETF (159995) rose by 0.12%, with constituent stocks like Beijing Junzheng increasing by 4.04%, Zhaoyi Innovation by 3.2%, and Jingjia Micro by 2.5%. However, stocks like Tuojing Technology and Jingsheng Mechanical & Electrical showed poor performance, declining by -4.82% and -3.01% respectively [1] Group 2 - Alibaba has secretly launched the "Qianwen" project, developing a personal AI assistant app named Qianwen APP, which aims to compete directly with ChatGPT. Meanwhile, Baidu Intelligent Cloud has released a new generation of Kunlun chips and announced a five-year product launch plan [3] - Huaxi Securities stated that the domestic AI chip development is a long-term trend, and the current period is the best time for the development of domestic chips. The firm remains optimistic about advancements in manufacturing processes and chip architecture upgrades, which are expected to enhance the overall domestic computing power share [3] - The chip ETF (159995) tracks the Guozheng Chip Index, comprising 30 leading companies in the A-share chip industry, including SMIC, Cambricon, Changdian Technology, and Northern Huachuang. The fund has both A-class and C-class options available [3]

Group 1 - Beijing Junzheng Integrated Circuit Co., Ltd. experienced a stock price increase of 5.01%, reaching 96.78 CNY per share, with a trading volume of 1.945 billion CNY and a turnover rate of 4.87%, resulting in a total market capitalization of 46.7 billion CNY [1] - The company, established on July 15, 2005, and listed on May 31, 2011, specializes in the research and sales of microprocessor chips, smart video chips, storage chips, and analog chips [1] - The revenue composition of the company's main business includes storage chips at 61.56%, computing chips at 26.87%, analog and interconnect chips at 10.84%, and other products at 0.53% [1] Group 2 - The Fuguo Fund's Fuguo ChiNext AI ETF (159246) holds 280,700 shares of Beijing Junzheng, accounting for 2.11% of the fund's net value, making it the eighth largest holding [2] - The Fuguo ChiNext AI ETF has a total scale of 1.182 billion CNY and has achieved a return of 54.07% since its inception on July 2, 2025 [2] Group 3 - The fund manager of Fuguo ChiNext AI ETF is Yin Qinyi, who has been in the position for 1 year and 118 days, managing assets totaling 6.717 billion CNY [3] - During the manager's tenure, the best fund return was 57.11%, while the worst return was -10.3% [3]

格隆汇11月14日丨北京君正(300223.SZ)在投资者互动平台表示,公司新制程的存储产品也是主要用于行 业市场。 ...

格隆汇11月14日丨北京君正(300223.SZ)在互动平台表示，NAND/eMMC应用场景主流在工业汽车，目 前ISSI还是以保供汽车工业为主，若有多余产能释放可以考虑消费类。 ...

Core Viewpoint - Beijing Junzheng (300223.SZ) is focusing on expanding its market share in the DRAM sector, particularly with LPDDR4 products, which are currently underrepresented but expected to grow as new process products are sold in bulk [1] Group 1 - The company's storage products are primarily used in automotive, industrial, and medical fields [1] - The current market share of LPDDR4 products in DRAM is small, but it is anticipated to increase with the mass sales of new process products [1] - The company has adequately stocked certain DRAM products in advance, ensuring that future wafer production capacity can meet anticipated growth [1]