证券代码：300782 证券简称：卓胜微 公告编号：2025-069 江苏卓胜微电子股份有限公司 第三届董事会第十三次会议决议公告 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 江苏卓胜微电子股份有限公司（以下简称"公司"）第三届董事会第十三次 会议于 2025 年 8 月 21 日在公司会议室以现场结合通讯的方式召开。会议通知于 2025 年 8 月 11 日通过电子邮件方式送达全体董事。会议应参会董事 9 人，实际参 会董事 9 人。本次会议由董事长许志翰先生召集并主持，公司高级管理人员列席了 会议。本次会议的召集、召开符合《中华人民共和国公司法》和《江苏卓胜微电子股份 有限公司章程》（以下简称"《公司章程》"）的有关规定，会议合法有效。 二、董事会会议审议情况 与会董事对本次会议审议的议案进行讨论，并以表决票表决的方式进行了审 议表决： （一）审议通过《关于 2025 年半年度报告全文及其摘要的议案》 表决结果：同意 9 票；反对 0 票；弃权 0 票。 （二）审议通过《关于 2025 年半年度计提资产减值准备的议案》 经审议， ...

证券代码：300782 证券简称：卓胜微 公告编号：2025-076 董事会薪酬与考核委员会关于2025年限制性股票激励计划 授予激励对象名单（授予日）的核查意见 江苏卓胜微电子股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券 法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称"《管理 办法》"）、《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、 《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》等相关法 律法规、规章及规范性文件和《江苏卓胜微电子股份有限公司章程》（以下简称 "《公司章程》"）的有关规定，对公司 2025 年限制性股票激励计划（以下简称 "《激励计划（草案）》"）授予激励对象名单（授予日）进行了核查，发表核查 意见如下： 1、本激励计划授予激励对象不存在《管理办法》《上市规则》规定的不得成 为激励对象的情形： （1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （3）最近 12 个月内 ...

江苏卓胜微电子股份有限公司 2025 年半年度报告全文 江苏卓胜微电子股份有限公司 Maxscend Microelectronics Company Limited 2025 年半年度报告 （公告编号：2025-072） 2025 年 08 月 1 江苏卓胜微电子股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 公司负责人许志翰、主管会计工作负责人朱华燕及会计机构负责人(会计 主管人员)汪燕声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 也不代表公司的盈利预测，能否实现取决于市场状况变化等多种因素，存在 较大不确定性，敬请投资者注意投资风险。 公司已在本报告中详细阐述了未来可能发生的有关风险因素，详见"第 三节管理层讨论与分析"之"十、公司面临的风险和应对措施"，敬请投资 者予以关注。 公司计划不派发现金红利，不送红股，不以公积 ...

Market Overview - The Shanghai Composite Index is at 3781.13 points, above the annual line, with a change of 0.40% [1] - The total trading volume of A-shares is 1,193.158 billion yuan [1] Stocks Breaking Annual Line - A total of 31 A-shares have surpassed the annual line today, with notable stocks including Meihua Medical, *ST Aowei, and Pianzaihuang, showing divergence rates of 14.13%, 2.94%, and 2.77% respectively [1] - Stocks with smaller divergence rates that have just crossed the annual line include China Wuyi, Huilun Crystal, and Zhuoshengwei [1] Top Stocks by Divergence Rate - Meihua Medical (301363) has a significant increase of 17.30% with a turnover rate of 23.04% and a divergence rate of 14.13% [1] - *ST Aowei (002231) increased by 3.12% with a turnover rate of 7.79% and a divergence rate of 2.94% [1] - Pianzaihuang (600436) rose by 3.70% with a turnover rate of 1.03% and a divergence rate of 2.77% [1] Additional Notable Stocks - Tongrentang (600085) increased by 1.93% with a divergence rate of 1.77% [1] - Maire Medical (300760) rose by 3.40% with a divergence rate of 1.53% [1] - Other stocks with minor divergence rates include Aima Technology (603529) and China Railway Construction (601186) with divergence rates of 1.06% and 0.96% respectively [1]

金融界消息 截至2025年8月19日收盘，卓胜微（300782）报收于81.31元，上涨1.4%，换手率3.62%，成 交量16.24万手，成交金额13.09亿元。 资金流向方面，今日主力资金净流入1502.40万元，占比成交额1.15%。其中，超大单净流入775.41万 元、占成交额0.59%，大单净流入726.99万元、占成交额0.56%，中单净流出流入228.51万元、占成交额 0.17%，小单净流出1730.91万元、占成交额1.32%。 卓胜微最新一期业绩显示，截至2025一季报，公司营业总收入7.56亿元、同比减少36.47%，归属净利润 4662.30万元，同比减少123.57%，扣非净利润5444.55万元，同比减少128.00%，流动比率1.784、速动比 率0.873、资产负债率27.99%。 天眼查商业履历信息显示，江苏卓胜微电子股份有限公司，成立于2012年，位于无锡市，是一家以从事 软件和信息技术服务业为主的企业。企业注册资本53485.8936万人民币，实缴资本25028.4165万人民 币。公司法定代表人为许志翰。 通过天眼查大数据分析，江苏卓胜微电子股份有限公司共对外投资了6家 ...

Investment Rating - The report rates the industry as "Outperform" [1] Core Insights - The demand for AI is real and strong, marking the arrival of the "Silicon-based Strong Intelligence Singularity" [10][16] - The semiconductor market is expected to continue its recovery in 2025, with a projected year-on-year growth of 10% to 15% [26] - The global semiconductor market size for Q2 2025 is estimated at approximately $179.7 billion, reflecting a year-on-year growth of 20% and a quarter-on-quarter growth of 8% [20][26] Demand Side Summary - Overseas Cloud Service Providers (CSPs) are accelerating AI infrastructure development, leading to a semiconductor demand inflection point [21][22] - The global smartphone shipment volume is expected to increase by 8% quarter-on-quarter in Q3 2025, with a total shipment forecast of approximately 1.24 billion units for the year [27][41] - The global PC shipment volume is projected to grow by 6% quarter-on-quarter in Q3 2025, with an annual growth forecast of 4% [30][33] - AI server shipments are expected to grow by 24% year-on-year in 2025, driven by increased demand from major cloud service providers [34][37] - The global sales of new energy vehicles are anticipated to reach 19.47 million units in 2025, representing a year-on-year growth of 20% [38][42] Supply Side Summary - The wafer fab utilization rate is expected to recover to around 84% by the end of 2025, with strong performance in NAND equipment [44][45] - The inventory days for the top 60 global semiconductor companies are projected to decrease to a reasonable level of 105 to 110 days by the end of 2025 [20][26] Price Side Summary - The global semiconductor average selling price (ASP) is expected to rebound in 2025, driven by the implementation of AI at the edge [20][26] - The NAND contract price is projected to increase by 5% to 10% in Q3 2025 due to strong demand [7][26] Key Companies and Financial Metrics - Key companies in the AI hardware and semiconductor space include: - Luxshare Precision (AI hardware leader) with a market cap of approximately 275.65 billion CNY and a projected net profit growth of 26% in 2025 [5] - Haowei Group (CMOS leader) with a market cap of approximately 144.60 billion CNY and a projected net profit growth of 34% in 2025 [5] - Jiangbo Long (large-capacity storage leader) with a market cap of approximately 37.76 billion CNY and a projected net profit growth of 34% in 2025 [5]

证券代码：300782 证券简称：卓胜微 公告编号：2025-068 江苏卓胜微电子股份有限公司 关于完成工商变更登记的公告 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、误导性陈述或重大遗漏。 一、基本情况介绍 江苏卓胜微电子股份有限公司（以下简称"公司"）于 2025 年 6 月 30 日召开第 三届董事会第十二次会议审议通过了《关于变更公司注册资本及修订<公司章程> 的议案》，上述事项已经 2025 年 7 月 16 日召开的 2025 年第二次临时股东会审议 通过。具体内容详见公司于 2025 年 7 月 1 日、2025 年 7 月 16 日在中国证监会指 定信息披露媒体巨潮资讯网披露的相关公告。 公司 2023 年限制性股票激励计划第二个归属期第一批次股票归属 31.1404 万 股，该股份已完成登记并上市流通。公司总股本已由 53,454.7532 万股增至 53,485.8936 万股，公司注册资本由人民币 53,454.7532 万元增至 53,485.8936 万元。 江苏卓胜微电子股份有限公司 近日公司完成了工商变更登记手续，并取得了无锡市市场监督管理局核发的 ...

国盛证券研报指出，看好国产先进封装供应链机遇。先进封装技术正引领全球封测行业的升级浪潮，尤其在HPC和AI的强劲需求推动下，国内外先进封装产 能迅速扩张，带动供应链需求增长。本土CoWoS产业链自主可控势在必行。国内集成电路制造和封测工艺近年来持续突破，技术水平不断提升。与此同 时，国产设备和材料供应商也在加速产品布局、技术迭代与导入客户，看好先进封装产业链本土供应商的发展机遇。 资料显示，芯片ETF（159995）跟踪国证芯片指数，30只成分股集合A股芯片产业中材料、设备、设计、制造、封装和测试等龙头企业，其中包括中芯国 际、寒武纪、长电科技、北方华创等。其场外联接基金为，A类：008887；C类：008888。 8月14日上午，A股三大指数走势分化，上证指数盘中上涨0.43%，房地产、非银金融、食品饮料等板块涨幅靠前，国防军工、综合跌幅居前。芯片科技股走 强，截至9点54，芯片ETF（159995.SZ）上涨2.75%，其成分股海光信息上涨8.35%，寒武纪上涨7.21%，卓胜微上涨3.92%，瑞芯微上涨3.68%，中芯国际上 涨3.49%。 消息方面，AI引领半导体市场迈向万亿美金纪元。台积电在北美技术 ...

Group 1: Macro Insights - The credit data for July shows a rare negative turn, with new credit scale turning negative for the first time in 20 years, while social financing continues to grow under government bond support [4] - M1 growth has increased for two consecutive months, indicating faster fund activation in both resident and corporate sectors, particularly driven by a rise in resident demand [4] - The overall monetary policy is expected to remain loose, with potential for further rate cuts and reductions in reserve requirements due to economic downward pressure [4] Group 2: Company Insights - 卓胜微 (Zhuosheng Micro) - The company is advancing its chip project, with significant production capacity achieved in both 6-inch and 12-inch wafer production lines, indicating a strong position in the RF front-end market [8][9] - Revenue projections for 2025, 2026, and 2027 are estimated at 4.91 billion, 5.61 billion, and 6.67 billion CNY respectively, with corresponding net profits of 380 million, 860 million, and 1.29 billion CNY [9] Group 3: Company Insights - 万国黄金 (Wanguo Gold) - The company holds three significant mining assets, including the world-class Jinling Gold Mine, which is expected to contribute significantly to future revenue growth [10][12] - Revenue forecasts for 2025, 2026, and 2027 are projected at 3.49 billion, 4.77 billion, and 5.36 billion CNY, with net profits of 1.41 billion, 1.87 billion, and 2.18 billion CNY respectively [12] Group 4: Company Insights - 海能技术 (Haineng Technology) - The company reported a strong revenue growth of 34.9% year-on-year for H1 2025, reaching 140 million CNY, with a net profit increase of 139% [13] Group 5: Company Insights - 中科三环 (Zhongke Sanhuan) - The company achieved a net profit of 44 million CNY in H1 2025, marking a turnaround from losses, with a significant reduction in expense ratios contributing to improved profitability [14][15] - Future profit projections for 2025, 2026, and 2027 are estimated at 170 million, 250 million, and 350 million CNY respectively [15] Group 6: Company Insights - 奥比中光 (Obi Zhongguang) - The company is focusing on the robotics sector, with a projected revenue growth of 65.9%, 57.6%, and 28.6% for 2025, 2026, and 2027 respectively [16] Group 7: Company Insights - 鹏鼎控股 (Pengding Holdings) - The company reported a revenue of 16.38 billion CNY for H1 2025, a year-on-year increase of 24.8%, with a net profit growth of 57.2% [17][18] - Future revenue projections for 2025, 2026, and 2027 are expected to be 41.2 billion, 48.3 billion, and 55.6 billion CNY respectively [18] Group 8: Company Insights - 甘源食品 (Ganyuan Food) - The company experienced a revenue decline of 9.3% year-on-year for H1 2025, with net profits down by 55.2%, indicating challenges in channel adjustments [20] Group 9: Company Insights - 361度 (361 Degrees) - The company achieved a revenue growth of 11% year-on-year for H1 2025, with a net profit increase of 8.6% [21][22] - Future profit projections for 2025, 2026, and 2027 are estimated at 1.261 billion, 1.420 billion, and 1.588 billion CNY respectively [22]

Core Viewpoint - Guosheng Securities report highlights that ZTE Microelectronics is a leader in the RF front-end sector, emphasizing the importance of strategic transformation and investment in technology innovation and supply chain optimization [1] Company Strategy - The company is actively transitioning from a Fabless to a Fab-Lite business model, significantly investing in the Chip project construction, which reflects its multi-dimensional strategic layout in technology innovation, supply chain optimization, and market expansion [1] - Despite facing short-term pressures from industry competition and depreciation costs, the company is expected to achieve profitability in the second half of 2025 as capacity utilization continues to improve [1] Market Opportunities - The recent US-China trade conflict has reinforced end customers' determination to fully replace upstream supply chains with domestic alternatives, indicating substantial growth potential for domestic manufacturers in the filter and L-PAMiD module sectors [1] - The company is optimistic about the growth opportunities presented by a new round of domestic substitution [1] Project Development - The Chip project is progressing steadily, with plans for significant capacity expansion [1] - Given the company's leading position in the domestic RF front-end market, it has been assigned a "Buy" rating for the first time [1]