证券代码：300671 证券简称：富满微 公告编号：2025-027 富满微电子集团股份有限公司 2025年第二次临时股东会决议公告 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。 1、现场会议召开时间：2025年9月16日14:30 2、网络投票时间： 1 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； 2 通过深圳证券交易所互联网投票系统投票的具体时间为：2025年9月16 日9:15至15:00期间的任意时间。 3、现场会议召开地点：深圳市前海深港合作区听海大道5059号前海鸿荣源 中心B座37层公司会议室； 4、会议方式：本次会议采取现场投票与网络投票相结合的方式； 特别提示： 1、本次股东会无增加、变更、否决提案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议； 3、本次股东会采取现场投票与网络投票相结合的方式召开。 一、会议召开情况 5、会议召集人：公司董事会； 6、会议主持人：董事长刘景裕先生； 7、本 ...

Core Viewpoint - The Chinese Ministry of Commerce has initiated anti-dumping investigations against imported analog chips from the United States, responding to domestic industry applications and aligning with WTO rules. The investigations focus on general interface and gate driver chips, revealing a significant increase in import volume and a drastic decrease in import prices, which have negatively impacted domestic sales prices and operations [1][2][4]. Group 1: Market Overview - The global semiconductor market reached $346 billion in the first half of 2025, marking an 18.9% year-on-year growth, with analog chips growing by 4% [4]. - In the A-share market, the semiconductor industry reported revenues of 321.2 billion yuan and a net profit of nearly 24.5 billion yuan, reflecting a year-on-year growth of approximately 30% [4]. - The demand for analog chips, particularly in mobile fast charging and power management, is significantly increasing, with domestic products rapidly capturing market share [4]. Group 2: Company Performance - Companies like Xilin Micro and Chipone reported substantial revenue growth, with Xilin Micro achieving a 36.83% increase and a 131.25% rise in net profit [6]. - Chipone's revenue grew by 40.32%, with net profit increasing by 106.02%, driven by new product categories and market expansion [7]. - Jiewa Tech reported a 58.2% revenue increase, primarily from power and signal chain chips, with a total revenue of 11.87 billion yuan [7]. Group 3: Profitability and Margins - The analog chip industry's gross margin improved, with the median gross margin rising from 34.72% in Q1 to 35.05% in Q2 of 2025 [11]. - Leading companies like Saimo Micro and Shengbang Co. maintain gross margins above 50%, showcasing their competitive advantage in the market [11]. - Companies such as Naxin Micro and Aiwai Electronics reported significant improvements in gross margins due to high-value product offerings and operational efficiencies [12][13]. Group 4: Inventory Management - The inventory turnover days for most analog chip companies decreased significantly in 2025 compared to 2024, indicating improved inventory management efficiency [16]. - Companies like Jiewa Tech and Xilin Micro saw their inventory turnover days reduced by over 100 days, reflecting enhanced operational performance [16]. Group 5: Mergers and Acquisitions - The anti-dumping investigations have prompted domestic analog chip companies to pursue mergers and acquisitions to enhance their technological capabilities and market presence [17][19]. - Recent acquisitions include Biyimei's purchase of Shanghai Xingan Semiconductor for approximately 295 million yuan and Jingfeng Mingyuan's acquisition of Yichong Technology for 3.283 billion yuan [18][19]. - These strategic moves aim to consolidate resources, fill technological gaps, and improve competitiveness against international giants [19].

Core Viewpoint - Fuman Micro's stock has shown a mixed performance in recent months, with a year-to-date increase of 5.12% and a notable rise of 24.00% over the past 60 days, indicating potential growth in the semiconductor sector [2][3]. Group 1: Stock Performance - As of September 11, Fuman Micro's stock price increased by 2.02% to 37.36 CNY per share, with a trading volume of 1.19 billion CNY and a turnover rate of 1.49%, resulting in a total market capitalization of 8.134 billion CNY [1]. - Year-to-date, Fuman Micro's stock has risen by 5.12%, with a 4.74% increase over the last five trading days, an 8.03% decrease over the last 20 days, and a 24.00% increase over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Fuman Micro reported a revenue of 383 million CNY, reflecting a year-on-year growth of 26.42%, while the net profit attributable to shareholders was -35.77 million CNY, showing a year-on-year increase of 25.20% [3]. - The company has distributed a total of 96.54 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [4]. Group 3: Shareholder Information - As of June 30, 2025, Fuman Micro had 42,300 shareholders, an increase of 3.52% from the previous period, with an average of 5,133 circulating shares per shareholder, a decrease of 3.40% [3]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 1.2775 million shares, a decrease of 1.1849 million shares from the previous period [4]. Group 4: Business Overview - Fuman Micro, established on November 5, 2001, and listed on July 5, 2017, specializes in the design, research and development, packaging, testing, and sales of high-performance analog and mixed-signal integrated circuits [2]. - The company's main revenue sources include power management chips (38.51%), LED lighting and control chips (32.16%), MOSFET chips (14.56%), and other chips (14.55%) [2].

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]