Core Viewpoint - The CPO concept stocks in the A-share market experienced a collective decline, with several companies showing significant drops in their stock prices [1]. Group 1: Stock Performance - Yongding Co., Ltd. (600105) saw a decline of 6.53%, with a total market capitalization of 20.3 billion and a year-to-date increase of 182.25% [2]. - Changxin Bochuang (300548) dropped by 5.98%, with a market cap of 27.3 billion and a year-to-date increase of 102.19% [2]. - Guangku Technology (300620) fell by 5.39%, with a market cap of 24.6 billion and a year-to-date increase of 103.96% [2]. - Cambridge Technology (603083) decreased by 4.96%, with a market cap of 34.5 billion and a year-to-date increase of 147.37% [2]. - Taicheng Light (300570) declined by 4.84%, with a market cap of 20.8 billion and a year-to-date increase of 27.28% [2]. - Jepu Tech (688025) experienced a drop of 4.89%, with a market cap of 13.2 billion and a year-to-date increase of 194.80% [2]. - Tianfu Communication (300394) fell by 4.43%, with a market cap of 123 billion and a year-to-date increase of 144.51% [2]. - Sry New Materials (688102) decreased by 4.26%, with a market cap of 14.9 billion and a year-to-date increase of 120.63% [2]. - Juguang Technology (688167) saw a decline of 4.16%, with a market cap of 11.7 billion and a year-to-date increase of 103.55% [2]. - Lian Te Technology (301205) dropped by 3.71%, with a market cap of 13.6 billion and a year-to-date increase of 38.55% [2]. - Laimu Co., Ltd. (603633) decreased by 3.59%, with a market cap of 4.58 billion and a year-to-date increase of 31.69% [2]. - Zhongji Xuchuang (300308) fell by 3.47%, with a market cap of 502 billion and a year-to-date increase of 267.66% [2]. - Huilv Ecology (001267) saw a decline of 3.37%, with a market cap of 14.4 billion and a year-to-date increase of 141.49% [2].

Group 1 - The company Changxin Bochuang (SZ 300548) announced on October 31 that its shareholders Ding Yong and Jiang Rongzhi have completed their share reduction plan, reducing a total of 5.8 million shares, which accounts for 1.99% of the total shares [1] - For the year 2024, the company's revenue composition is entirely from the manufacturing of communication and related equipment, with a 100.0% share [1] - As of the report date, Changxin Bochuang has a market capitalization of 29.1 billion yuan [1]

证券代码：300548 证券简称：长芯博创 公告编号：2025-079 长芯博创科技股份有限公司 关于特定股东股份减持完成的公告 公司特定股东丁勇及其配偶JIANG RONGZHI（江蓉芝）向本公司保证提供 的信息内容真实、准确和完整，并且没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 长芯博创科技股份有限公司（以下简称"公司"）于2025年9月26日在巨潮资 讯网（http://www.cninfo.com.cn）披露了《长芯博创科技股份有限公司关于特定 股东减持股份预披露公告》（公告编号：2025-071），公司股东丁勇及其配偶JIANG RONGZHI计划自预披露公告之日起十五个交易日后的三个月内以集中竞价和大 宗交易方式减持公司股份不超过5,800,000股（占公司总股本的1.99%）。 公司于近日收到公司股东丁勇及其配偶 JIANG RONGZHI 出具的《关于股 份减持计划实施完成的告知函》，丁勇及其配偶 JIANG RONGZHI 本次减持计 划已实施完成。现将具体情况公告如下： 1、本公告中合计数与各明细数相加之和在尾数上如有差异，为四 ...

Core Points - Changxin Bochuang's stock price has dropped 5.03% to 100.72 CNY per share, with a total market capitalization of 29.32 billion CNY, and a cumulative decline of 8.65% over the past three days [1] - The company specializes in the research, production, and sales of integrated optoelectronic devices in the optical communication field, with 81.36% of its revenue coming from data communication, consumer and industrial interconnection markets, and 18.46% from the telecommunications market [1] Fund Holdings - Huatai Baoxing Fund holds 7,000 shares of Changxin Bochuang in its Huatai Baoxing Kerong A fund, representing 1.43% of the fund's net value, with a floating loss of approximately 37,400 CNY today and a total floating loss of 70,300 CNY over the past three days [2] - The Huatai Baoxing Kerong A fund was established on May 11, 2020, with a current scale of 3.65 million CNY, and has experienced a year-to-date loss of 0.26% [2] - The fund manager, Zhou Yongmei, has a tenure of 7 years and 270 days, with a best return of 43.59% during her tenure, while Chen Qiwei has a tenure of 2 years and 136 days with a best return of 19.71% [2]

Core Insights - Longxin Bochuang, established in July 2003 and listed on the Shenzhen Stock Exchange in October 2016, is a leading provider of integrated optoelectronic solutions, with self-developed AOC optoelectronic transceiver chips holding a significant global market share [1] Financial Performance - For Q3 2025, Longxin Bochuang reported revenue of 1.794 billion yuan, ranking 13th in the industry, with the top competitor, ZTE, generating 100.52 billion yuan [2] - The company's net profit for the same period was 418 million yuan, placing it 9th in the industry, while the industry leader, Zhongji Xuchuang, reported a net profit of 7.57 billion yuan [2] Profitability and Debt Management - As of Q3 2025, Longxin Bochuang's debt-to-asset ratio was 31.28%, down from 32.79% year-on-year, which is lower than the industry average of 38.12% [3] - The company's gross profit margin for Q3 2025 was 39.90%, significantly higher than the industry average of 30.08% [3] Management Compensation - The chairman, Zhuang Dan, has not seen a change in salary, while the general manager, Tang Jinkuan, received a salary increase of 713,500 yuan, bringing his total compensation to 2.0695 million yuan for 2024 [4] Shareholder Dynamics - As of September 30, 2025, the number of A-share shareholders increased by 88.29% to 79,900, while the average number of shares held per shareholder decreased by 46.89% [5] Business Outlook - According to招商证券, Longxin Bochuang has a promising development outlook as a comprehensive optoelectronic solution provider, with significant growth in its core subsidiary, Longxin Sheng, driven by increased demand in the data communication sector [6] - Revenue projections for 2025 to 2027 are estimated at 2.74 billion yuan, 4.32 billion yuan, and 5.96 billion yuan, with corresponding net profits of 380 million yuan, 730 million yuan, and 1.09 billion yuan [6]

Core Viewpoint - Changxin Bochuang (300548.SZ) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.794 billion yuan, representing a year-on-year growth of 45.41% [1] - The net profit attributable to shareholders of the listed company was 250 million yuan, showing a remarkable year-on-year increase of 566.59% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 240 million yuan, reflecting an impressive year-on-year growth of 859.50% [1] - Basic earnings per share stood at 0.86 yuan [1]

Core Viewpoint - Changxin Bochuang (300548.SZ) reported strong financial performance in Q3, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.79 billion, representing a year-on-year increase of 45.41% [1] - Net profit attributable to shareholders was 250 million, showing a remarkable year-on-year growth of 566.59% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 240 million, reflecting an impressive year-on-year increase of 859.50% [1]

长芯博创科技股份有限公司 关于开展外汇期货及衍生品套期保值交易业务的 可行性分析报告 一、开展外汇期货及衍生品套期保值交易业务的背景 长芯博创科技股份有限公司（以下简称"公司"）进出口业务主要采用外币结 算。为了控制公司外汇系统性风险、降低外汇市场波动对公司业绩的影响，保障 公司资产安全及境外业务长期可持续发展，公司及控股子公司基于外汇资产、负 债状况及外汇收支业务具体情况，拟开展与日常经营需求紧密相关的外汇期货及 衍生品套期保值交易业务。 二、开展外汇期货及衍生品套期保值交易业务的情况概述 （一）交易金额及期限 （二）交易方式及类型 公司及控股子公司拟开展的外汇期货及衍生品套期保值交易业务只限于与 生产经营所使用的主要结算货币相同的币种，交易对手方为具有期货及衍生品交 易业务经营资格、经营稳健且资信良好的国内和国际性金融机构。外汇期货及衍 生品交易业务品种具体包括即期交易、远期交易、外汇掉期、利率掉期及期权等 相关组合产品。 （三）交易资金来源 公司及控股子公司拟开展的外汇期货及衍生品套期保值交易业务资金来源 为公司自有资金，不涉及使用募集资金。 三、开展外汇期货及衍生品套期保值交易业务的风险分析 （一）市 ...

证券代码：300548 证券简称：长芯博创 公告编号：2025-077 长芯博创科技股份有限公司 关于开展外汇期货及衍生品套期保值交易业务的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，并且没有 虚假记载、误导性陈述或重大遗漏。 2、公司及控股子公司拟开展的外汇期货及衍生品套期保值交易业务额度为 5,500 万美元或其他等值外币，额度使用期限自董事会审议批准之日起至 2026 年 10 月 31 日。 3、本套期保值交易业务无本金或收益保证，在交易过程中存在市场风险、 流动性风险、履约风险等相关风险，敬请广大投资者注意投资风险。 一、交易业务情况概述 1、交易目的 因公司进出口业务主要采用外币结算，为了控制公司外汇系统性风险、降低 外汇市场波动对公司业绩的影响，保障公司资产安全及境外业务长期可持续发 展，公司及控股子公司基于外汇资产、负债状况及外汇收支业务具体情况，拟开 展与日常经营需求紧密相关的外汇期货及衍生品套期保值交易业务。 2、交易金额及期限 公司及控股子公司拟开展的外汇期货及衍生品套期保值交易业务额度为 5,500 万美元或其他等值外币，额度使用期限自公司第六届董事会第二十二次会 ...

证券代码：300548 证券简称：长芯博创 公告编号：2025-075 表决结果：同意 3 票，反对 0 票，弃权 0 票 2025 年第三季度报告详见公司在巨潮资讯网(http://www.cninfo.com.cn)同日 披露的《长芯博创科技股份有限公司 2025 年第三季度报告》。 2、审议通过《关于 2024 年限制性股票激励计划预留授予部分第一个归属期 符合归属条件的议案》 长芯博创科技股份有限公司 第六届监事会第二十次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，并且没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 长芯博创科技股份有限公司（以下简称"公司"）第六届监事会第二十次会议 通知于 2025 年 10 月 26 日以电子邮件形式发出，会议于 2025 年 10 月 29 日以通 讯方式召开。公司本次监事会应出席监事 3 人，实际出席监事 3 人。会议由监事 会主席 Jinpei Yang（杨锦培）先生主持。本次会议的召集、召开和表决程序符合 法律、法规及公司章程的有关规定，表决所形成的决议合法、有效。 二、监事会会议审议情况 1、审议通过《2025 ...