Core Viewpoint - Fuman Microelectronics experienced a decline in stock price and significant net outflow of funds, despite a year-to-date increase in stock value and positive revenue growth in the first half of 2025 [1][2]. Group 1: Stock Performance - As of September 3, Fuman Micro's stock price was 37.65 CNY per share, with a market capitalization of 8.197 billion CNY [1]. - The stock has increased by 5.94% year-to-date, but has seen a decline of 4.20% over the last five trading days [1]. - The stock has shown a 12.39% increase over the last 20 days and an 18.88% increase over the last 60 days [1]. Group 2: Fund Flow - There was a net outflow of 5.3337 million CNY in principal funds, with large orders buying 31.6769 million CNY and selling 35.0644 million CNY [1]. - The proportion of large orders in total trading was 16.61% for buying and 18.38% for selling [1]. Group 3: Company Overview - Fuman Microelectronics, established on November 5, 2001, specializes in high-performance analog and mixed-signal integrated circuit design, research and development, packaging, testing, and sales [2]. - The company's revenue composition includes power management chips (49.39%), LED-related chips (25.24%), and other categories [2]. - As of June 30, 2025, the company had 42,300 shareholders, with an average of 5,133 circulating shares per person [2]. Group 4: Financial Performance - For the first half of 2025, Fuman Micro reported revenue of 383 million CNY, a year-on-year increase of 26.42%, while the net profit attributable to shareholders was -35.7675 million CNY, reflecting a year-on-year growth of 25.20% [2]. Group 5: Dividend and Shareholding - Since its A-share listing, Fuman Micro has distributed a total of 96.5366 million CNY in dividends, with no dividends paid in the last three years [3]. - As of June 30, 2025, the largest circulating shareholder was Hong Kong Central Clearing Limited, holding 1.2775 million shares, a decrease of 1.1849 million shares from the previous period [3].

Core Insights - The company reported a revenue increase and a reduction in losses for the first half of 2025, with total revenue reaching 383 million yuan, a year-on-year increase of 26.42% [1] - The net profit attributable to shareholders improved to -35.77 million yuan, reflecting a 25.2% year-on-year increase [1] Financial Performance - Total revenue for Q2 2025 was 214 million yuan, up 35.91% year-on-year [1] - Q2 net profit attributable to shareholders was -10.71 million yuan, an increase of 45.36% year-on-year [1] - Gross margin decreased to 10.94%, down 28.59% year-on-year, while net margin improved to -9.34%, a 40.83% increase year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 25.74 million yuan, accounting for 6.72% of revenue, a decrease of 38.31% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased significantly to 245 million yuan, a 92.19% year-on-year rise [1] - Accounts receivable rose to 247 million yuan, a 26.67% increase year-on-year [1] - Interest-bearing debt decreased slightly to 585 million yuan, down 3.13% year-on-year [1] Shareholder Metrics - Earnings per share improved to -0.16 yuan, a 27.27% increase year-on-year [1] - Net asset value per share decreased to 7.35 yuan, down 10.19% year-on-year [1] - Operating cash flow per share was -0.3 yuan, a significant decline of 248.94% year-on-year [1] Historical Context - The company's historical return on invested capital (ROIC) has been relatively low, with a median ROIC of 10.53% since its listing [3] - The company has experienced three years of losses since its IPO, indicating a fragile business model [3] - Cash flow concerns are highlighted, with cash and cash equivalents only covering 59.96% of current liabilities [3]

Core Points - The company has issued a correction regarding the notice for the 2025 Second Extraordinary General Meeting of Shareholders, clarifying voting procedures [1][3]. Voting Procedures - Shareholders can participate in the meeting either in person or by authorizing a proxy to attend [1]. - The meeting will provide a network voting platform through the Shenzhen Stock Exchange trading system and internet voting system for registered shareholders [2]. - Shareholders must choose either in-person voting or network voting, and in case of duplicate votes, the second valid vote will be considered [2][3].

1、股东会届次：2025年第二次临时股东会 2、股东会召集人：董事会 3、会议召开的合法及合规性：本次股东会的召开已经公司第四届董事会第 十一次会议审议通过，符合有关法律法规、部门规章、规范性文件及《公司章程》 的规定。 4、会议召开时间： 证券代码：300671 证券简称：富满微 公告编号：2025-026 富满微电子集团股份有限公司 关于召开 2025 年第二次临时股东会的通知公告（更正后） 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 富满微电子集团股份有限公司（下称"公司"）根据公司第四届董事会第十 一次会议决议，决定于2025年9月16日14:30召开公司2025年第二次临时股东会， 现将有关事项通知如下： 一、召开会议的基本情况 （1）现场会议时间： 2025年9月16日 14:30 （2）网络投票时间： 2025年9月16日至 2025年9月16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9月16日上午9:15至 9:25、9:30至11:30、13:00至15:00；通过深 ...

关于召开2025年第二次临时股东会的通知 富满微电子集团股份有限公司（以下简称"公司"）于2025年8月29日在公司指定 的信息披露媒体上披露了《关于召开2025年第二次临时股东会的通知》（公告编号： （2025-024）。经检查发现，上述公告中部分内容有误，现将相关内容更正如下： 证券代码：300671 证券简称： 富满微 公告编号： 2025-025 富满微电子集团股份有限公司 5、会议召开方式：本次股东会采取现场投票和网络投票相结合的方式。 （1）现场投票：股东本人出席现场会议或者授权委托他人出席现场会议。 （2）网络投票：本次股东会通过深圳证券交易所交易系统和互联网投票系统向全 体股东提供网络形式的投票平台，股权登记日登记在册的公司股东可以在网络投票时 间期限内通过上述系统行使表决权。 （3）公司股东只能选择现场投票（现场投票可以委托代理人代为投票）和网络投 票中的一种表决方式。同一表决权出现重复投票表决的，以第二次有效投票结果为准 。 更正后： 5、会议召开方式：本次股东会采取现场投票和网络投票相结合的方式。 （1）现场投票：股东本人出席现场会议或者授权委托他人出席现场会议。 3、股东对总议案进行投 ...

Core Viewpoint - The company Fuman Microelectronics (300671.SZ) has announced that its 5G RF chips have entered mass production, while automotive-grade power management chips are still in progress [1] Group 1 - Fuman Microelectronics has successfully achieved mass production of its 5G RF chips [1] - The company is actively working on automotive-grade power management chips, which are still under development [1]

Core Viewpoint - Fuman Microelectronics (300671.SZ) reported a revenue of 383 million yuan for the first half of 2025, reflecting a year-on-year growth of 26.42% [1] Financial Performance - The net loss attributable to shareholders of the listed company was 35.77 million yuan, a year-on-year reduction of 25.20% [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 49.75 million yuan, which is a year-on-year decrease of 13.10% [1] - The basic loss per share was 0.16 yuan [1]

Group 1 - The core point of the article is that 富满微 (Fuman Micro) reported a revenue of 383 million yuan for the first half of 2025, representing a year-on-year growth of 26.42% [1] - The net loss attributable to shareholders narrowed to 35.77 million yuan, a decrease of 25.20% compared to the previous year [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 49.75 million yuan, which is a 13.10% reduction year-on-year [1] - The basic loss per share was reported at 0.16 yuan [1]

（编辑 李家琪） 证券日报网讯 8月28日晚间，富满微发布公告称，公司于2025年8月27日召开第四届董事会第十一次会 议，审议并通过了《关于公司拟变更会计师事务所的议案》，同意聘任容诚会计师事务所（特殊普通合 伙）为公司2025年度审计机构。本事项尚需提交公司股东会审议通过。 ...

富满微电子集团股份有限公司董事会战略委员会工作细则 富满微电子集团股份有限公司 董事会战略委员会工作细则 第四条 战略委员会由下列成员组成：1、董事长；2、董事会选举产生 的其他董事。 第五条 战略委员会设主任委员（召集人）一名，由董事长担任。战略 委员会主任委员负责召集和主持战略委员会会议，当战略委员会主任委员不 能或无法履行职责时，由其指定一名其他委员代行其职责；战略委员会主任 委员既不履行职责，也不指定其他委员代行其职责时，任何一名委员均可将 有关情况向公司董事会报告，由公司董事会指定一名委员履行战略委员会主 任委员职责。主任委员由董事会在选举董事长时直接选举产生。 第六条 战略委员会任期与董事会任期一致，委员任期届满，连选可以 连任。期间如有委员不再担任公司董事职务，自动失去委员资格，并由委员 会根据上述第三至第五条规定补足委员人数。 董事会任期届满未及时改选，在改选出的董事就任前，原作为战略委员 会委员的董事仍应当依照法律、行政法规、部门规章、《公司章程》和本细则 第 1 页 共 4 页 第一章 总则 第一条 为了完善富满微电子集团股份有限公司（以下简称"公司"）治 理结构，增强公司核心竞争力，确定 ...