本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 证券代码：300672 证券简称：国科微 公告编号：2025-068 湖南国科微电子股份有限公司 第四届董事会第十次会议决议公告 1 湖南国科微电子股份有限公司（以下简称"公司"）第四届董事会第十次会 议于 2025 年 11 月 28 日在公司会议室以现场会议与通讯表决相结合的方式召开， 会议通知已于 2025 年 11 月 24 日以电子邮件的形式发出。本次会议应出席董事 7 名，实际出席董事 7 名，其中孟庆一先生、荆继武先生以通讯表决方式出席。 会议由公司董事长向平先生主持，公司监事、高级管理人员列席了本次会议。 会议的召集和召开符合《中华人民共和国公司法》（以下简称"《公司法》"） 等有关法律、行政法规、部门规章、规范性文件和《湖南国科微电子股份有限 公司章程》（以下简称"《公司章程》"）的相关规定，会议形成的决议合法、 有效。会议审议并通过了以下议案： 二、董事会会议审议情况 经全体董事审议并表决，形成如下决议。 自本次交易预案披露以来，公司及相关各方积极推进本次交易的各项工作 ...

证券代码：300672 证券简称：国科微 公告编号：2025-070 湖南国科微电子股份有限公司 关于终止发行股份及支付现金购买资产并募集配套资金 暨关联交易事项的公告 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、误导性陈述或者重大遗漏。 湖南国科微电子股份有限公司（以下简称"公司"或"上市公司"）于 2025 年 11 月 28 日召开第四届董事会第十次会议、第四届监事会第九次会议， 审议通过了《关于终止发行股份及支付现金购买资产并募集配套资金暨关联交 易事项的议案》，公司独立董事专门会议审议通过相关议案，并发表了同意的 审核意见。现将相关情况公告如下： 一、本次交易的基本情况 公司拟通过发行股份及支付现金的方式购买宁波甬芯集成电路股权投资有 限公司持有的中芯集成电路（宁波）有限公司（以下简称"标的公司"） 15.212%股权，广东元器利创投资合伙企业（有限合伙）持有的标的公司 18.372%股份，中芯国际控股有限公司持有的标的公司14.832%股份，国家集成 电路产业投资基金股份有限公司持有的标的公司12.677%股份，宁波德悦高鹏股 权投资合伙企业（有限合伙）持有的标的公司 ...

Core Insights - The AI SoC for smart devices is a rapidly developing technology that serves as the "brain" for various smart devices, driven by advancements in artificial intelligence (AI) and the Internet of Things (IoT) [1][4] - The global market for smart device AI SoCs is projected to grow from $10.7 billion in 2020 to $31.8 billion in 2024, with an expected increase to $43.8 billion by 2025 [1][4] - Consumer electronics account for 40% of the AI SoC market, with low-power applications representing over 60% of that segment [4] Industry Definition and Characteristics - Smart devices are defined as devices with operating systems, data processing capabilities, and network connectivity, including smart cameras, cars, smartphones, smart speakers, tablets, and wearables [2] - The SoC directly influences the response speed, battery life, multitasking ability, and user interaction experience of smart devices, making it a key driver of their evolution [2] Industry Chain - The upstream of the smart device AI SoC industry includes raw materials such as wafers, photoresists, electronic gases, and target materials, as well as equipment like photolithography and etching machines [4] - The midstream involves the design, manufacturing, and packaging of AI SoCs, while the downstream encompasses application markets including smart homes, commercial and educational sectors, automotive, personal mobile devices, industrial, medical, and energy sectors [4] Cost Structure - The cost structure of smart device AI SoCs is primarily divided into raw material costs (65-80% of total costs) and processing fees (15-25% of total costs) [5] Competitive Landscape - The smart device AI SoC industry is characterized by a competitive landscape where international giants dominate the high-end market, while domestic companies carve out differentiated niches [6] - Major domestic players include companies like Rockchip, Xiamen Xingchen Technology, and Hengxuan Technology, each leveraging their technological expertise and market positioning [6][7] Representative Companies - Rockchip has over 20 years of experience in SoC design and has expanded into the AIoT market, achieving revenues of 3.141 billion yuan and a net profit of 780 million yuan in the first three quarters of 2025 [7][8] - Xiamen Xingchen Technology focuses on visual AI SoCs and reported revenues of 1.402 billion yuan with a gross profit of 464 million yuan in the first half of 2025 [9] - Hengxuan Technology leads in the smart audio SoC sector, achieving revenues of 2.934 billion yuan and a net profit of 502 million yuan in the first half of 2025 [10] Industry Development Trends - The smart device AI SoC industry is transitioning from a phase focused solely on computational power to a transformative era characterized by efficiency, intelligence, and integration across various application fields [11]

Group 1 - The core point of the news is that Guokai Microelectronics has seen a stock price increase of 5.11%, reaching 92.41 yuan per share, with a total market capitalization of 20.066 billion yuan [1] - Guokai Microelectronics, established on September 24, 2008, and listed on July 12, 2017, specializes in the research and sales of chips related to video decoding, video encoding, solid-state storage, and the Internet of Things, with integrated circuits accounting for 100% of its main business revenue [1] Group 2 - From the perspective of fund holdings, Changxin Fund has a significant position in Guokai Microelectronics, with its Changxin CSI 1000 Index Enhanced A fund holding 40,800 shares, representing 0.87% of the fund's net value, making it the fifth-largest holding [2] - The Changxin CSI 1000 Index Enhanced A fund, established on April 20, 2023, has a current scale of 320 million yuan and has achieved a year-to-date return of 38.54%, ranking 834 out of 4206 in its category [2] - The fund manager, Zuo Jinbao, has a tenure of 10 years and 263 days, with the fund's total asset size at 2.19 billion yuan, achieving a best return of 136.16% and a worst return of -52.72% during his management [2]

| | | | | 存储芯片板块个股 | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 代码 | | 名称 | | 涨幅%↑ | 总市值 | 年初至今涨幅% | | 1 | 300475 | 香农芯创 | 1 | -12.00 | 597亿 | 351.60 | | 2 | 688766 | 普朗股份 | 1 | -11.97 | 183亿 | 71.31 | | 3 | 001309 | 德明利 | 1 | -9.68 | 507亿 | 259.71 | | 4 | 300672 | 国科微 | | -9.59 | 204亿 | 41.08 | | 5 | 301308 | 江波龙 | -澳 | -9.02 | 994亿 | 175.81 | | 6 | 002213 | 大为股份 | 1 | -9.01 | 79.16亿 | 146.03 | | 7 | 688525 | 佰维存储 | 1 | -8.04 | 484亿 | 67.21 | | 8 | 300455 | 航天智装 | 来 | -8.03 | 171亿 | 83.93 | | 9 | ...

Core Viewpoint - The overnight decline in U.S. semiconductor stocks has negatively impacted the A-share market, particularly affecting storage chip concept stocks, which saw significant drops across the board [1][2]. Group 1: Market Performance - The storage chip sector experienced widespread declines, with notable drops including Shannon Zhichuang down 12%, and Gai Shen Co. down nearly 12% [1]. - Other companies such as Demingli, Guokemi, Jiangbolong, and Dwei Co. fell over 9%, while Bawei Storage, Aerospace Zhizhuang, and Yingxin Development dropped over 8% [1][2]. Group 2: Individual Stock Performance - Specific stock performances include: - Shannon Zhichuang (300475) down 12% with a market cap of 59.7 billion and a year-to-date increase of 351.6% [2]. - Gai Shen Co. (688766) down 11.97% with a market cap of 18.3 billion and a year-to-date increase of 71.31% [2]. - Demingli (001309) down 9.68% with a market cap of 50.7 billion and a year-to-date increase of 259.71% [2]. - Guokemi (300672) down 9.59% with a market cap of 20.4 billion and a year-to-date increase of 41.08% [2]. - Jiangbolong (301308) down 9.02% with a market cap of 99.4 billion and a year-to-date increase of 175.81% [2]. Group 3: Market Sentiment and Analysis - The decline in U.S. semiconductor stocks was influenced by Nvidia's volatile performance, which fluctuated from a 5% increase to a closing gain of over 3%, while AMD and Micron Technology saw declines of nearly 8% and 11%, respectively [1][2]. - Analysts noted that Nvidia's attempts to counter bearish sentiments during its earnings call did not alleviate investor concerns regarding the sustainability of capital expenditures in AI over the next couple of years [2].

Group 1 - On November 19, a total of 29 companies were investigated by institutions, with 14 companies being surveyed by funds, highlighting a significant interest in LeiSai Intelligent (002979) which had 11 participating funds [1][2] - The surveyed companies included 10 from the Shenzhen Main Board and 4 from the ChiNext, covering 10 different industries, with the electronics sector having the most representation at 3 companies [1][2] - Among the surveyed companies, 5 had a total market capitalization of less than 10 billion yuan, including LuoPuSiJin (002333), FengYuan Co., and MoSuo Technology (000700) [1] Group 2 - In the past 5 days, 5 of the surveyed stocks experienced price increases, with GuoKeWei (300672) leading at a rise of 20.12%, followed by FengYuan Co. at 11.61% and SiBao Technology (300019) at 6.14% [1][2] - Conversely, 9 stocks saw declines, with TongYu Communications (002792) dropping 9.22%, LuoPuSiJin at 8.41%, and ShenKeJi (000021) at 8.08% [1][2] - Among the surveyed stocks, FengYuan Co. had the highest net capital inflow of 223 million yuan over the past 5 days, followed by GuoKeWei and YunNanZheYe (002428) with inflows of 116 million yuan and 103 million yuan respectively [2]

Core Viewpoint - The company has established a dual business engine model in the solid-state storage sector, focusing on the development of a self-controlled storage ecosystem through continuous R&D efforts [1] Group 1: Business Model and Strategy - The company has completed the layout of its business model, which includes "solid-state drive control chips + industry solid-state drive products" [1] - The self-developed solid-state storage main control chip is equipped with a domestically produced embedded CPU IP core and has passed both national encryption and measurement certifications, as well as independent original certifications [1] Group 2: Product Development - The company has developed the Wi-Fi 62T2R wireless network card chip, which has completed development and debugging, and is being introduced to mainstream domestic television and operator solution vendors, with some customers already achieving small-scale trial production [1] - Based on the Wi-Fi 62T2R, the company is currently debugging the Wi-Fi 61T1R + Bluetooth combo chip, which is functioning normally and is expected to start customer introduction in Q4 2025 [1]

Group 1: Company Overview and Business Layout - Hunan Guoke Microelectronics Co., Ltd. focuses on domestic technology systems and has developed a complete domestic storage technology system [4] - The company has established a dual business model in solid-state storage, combining "solid-state drive control chips + industry solid-state drive products" [4] - The company aims to deepen its domestic technology system and expand the domestic replacement market [4] Group 2: Collaboration with Harmony Ecosystem - The company has launched 8 open-source Harmony chip platforms for mass production in smart home, smart vision, and commercial display sectors [2][3] - In the smart home sector, the GK6323V100C chip supports over 50 native Harmony applications and has been implemented in multiple benchmark projects [2] - The company is collaborating with China Mobile to develop solar cameras and pet companion robots based on the open-source Harmony smart vision chip platform [3] Group 3: AI Chip Development - The company is focused on AI edge computing SoC development, with products ranging from 8TOPS to 128TOPS [5][6] - The AI SoC product lineup includes the GK7606V1 series for high-end markets and the GK7206V1 series for affordable applications, both achieving significant market penetration [6][7] - The company has innovated a multi-modal large model MLPU chip architecture to support both large and small model processing needs [7] Group 4: Automotive Electronics - The company is developing AI chips for automotive applications, including smart cameras and driver monitoring systems, with plans to launch a new generation of automotive chips in 2025 [8][9] - The company aims to create a full range of automotive AI chips with varying computing power over the next three years [9] Group 5: IoT and Wi-Fi Business - The IoT chip segment generated sales revenue of 12,814.71 million yuan in the first half of 2025, a year-on-year increase of 251.37%, accounting for 17.28% of total revenue [9] - The overall gross margin for IoT chip products improved by 26.93 percentage points to 41.07% [9] - The company is actively developing Wi-Fi6 and Wi-Fi7 chips, with several products already in trial production [9]

Group 1 - The A-share market is experiencing a surge in investment interest in the semiconductor sector, particularly with the entry of "cross-border players" [1] - Companies like Hunan Heshun Petroleum and Dream Home are planning acquisitions to gain control over semiconductor firms, indicating a trend of cross-industry investment [1] - Internal players in the semiconductor industry are also engaging in capital operations for technological enhancement and vertical integration, as seen with Shenzhen Yintang and Suzhou Su Dawei Ge [1] Group 2 - Companies such as Chipone Microelectronics and Hunan Guokewei are initiating mergers and acquisitions across various core areas of the semiconductor industry, highlighting a clear trend of industry consolidation [2] - The vertical integration of industry chain enterprises is expected to optimize the structure and enhance the overall efficiency and competitiveness of China's semiconductor industry [2] - A number of domestic semiconductor companies are accelerating their entry into the capital market, with several IPOs being approved or registered in November [2] Group 3 - The investment enthusiasm in listed companies reflects the significant development potential and strategic value of the semiconductor industry [3] - The global semiconductor market is projected to reach 43.71 trillion yuan by 2024 and grow to 65.48 trillion yuan by 2029, while China's market is expected to reach 16.02 trillion yuan in 2024 and 28.13 trillion yuan by 2029 [3] - Future development in the semiconductor industry will see deeper specialization in segments like design, manufacturing, and testing, driven by actual demand in automotive electronics and IoT [3]