Core Viewpoint - New Henghui's stock experienced a decline of 2.10% on October 23, with a trading volume of 230 million yuan, indicating market volatility and investor sentiment towards the company [1]. Financing Summary - On October 23, New Henghui had a financing buy-in amount of 27.03 million yuan, with a total financing balance of 421 million yuan, representing 12.12% of its market capitalization [2]. - The company had no short selling activity on the same day, with zero shares sold or repaid, indicating a lack of bearish sentiment in the market [2]. Business Overview - New Henghui, established on December 7, 2017, and listed on June 20, 2025, is located in Zibo, Shandong Province. Its main business segments include smart card operations (59.74% of revenue), etched lead frame business (28.34%), and IoT eSIM chip testing services (6.16%) [2]. - As of June 30, the number of shareholders was 37,300, a decrease of 30.05% from the previous period, while the average circulating shares per person increased by 42.96% to 1,219 shares [2]. Financial Performance - For the first half of 2025, New Henghui reported a revenue of 474 million yuan, reflecting a year-on-year growth of 14.51%. However, the net profit attributable to shareholders decreased by 11.94% to 88.95 million yuan [2]. - The company has distributed a total of 120 million yuan in dividends since its A-share listing [3].

Core Insights - New Henghui's stock price increased by 2.11% on October 21, reaching 79.40 CNY per share, with a trading volume of 197 million CNY and a market capitalization of 19.021 billion CNY [1] - The company has seen a year-to-date stock price increase of 90.77%, but has experienced a 1.00% decline over the last five trading days and a 10.91% decline over the last 20 days [1] - New Henghui's main business segments include smart card business (59.74% of revenue), etched lead frame business (28.34%), and IoT eSIM chip testing business (6.16%) [1][2] Financial Performance - For the first half of 2025, New Henghui reported revenue of 474 million CNY, a year-on-year increase of 14.51%, while net profit attributable to shareholders decreased by 11.94% to 88.95 million CNY [2] - The company has distributed a total of 120 million CNY in dividends since its A-share listing [3] Shareholder Information - As of June 30, New Henghui had 37,300 shareholders, a decrease of 30.05% from the previous period, with an average of 1,219 circulating shares per shareholder, an increase of 42.96% [2]

Core Points - New Henghui's stock increased by 1.37% on October 20, with a trading volume of 254 million yuan [1] - The company had a net financing outflow of 4.82 million yuan on the same day, with a total financing and securities balance of 412 million yuan [1][2] Financing Summary - On October 20, New Henghui had a financing purchase of 26.39 million yuan, with a current financing balance of 412 million yuan, accounting for 11.65% of its market capitalization [2] - There were no short sales or repayments on that day, resulting in a short balance of 0 [2] Company Overview - New Henghui Electronic Co., Ltd. was established on December 7, 2017, and is located in Zibo High-tech Zone, Shandong Province [2] - The company specializes in smart card business (59.74% of revenue), etched lead frame business (28.34%), and IoT eSIM chip testing (6.16%), with other businesses contributing 5.76% [2] Financial Performance - For the first half of 2025, New Henghui reported a revenue of 474 million yuan, representing a year-on-year growth of 14.51%, while the net profit attributable to shareholders decreased by 11.94% to 88.95 million yuan [2] - As of June 30, the number of shareholders was 37,300, a decrease of 30.05%, while the average circulating shares per person increased by 42.96% to 1,219 shares [2] Dividend Information - New Henghui has distributed a total of 120 million yuan in dividends since its A-share listing [3]

Core Insights - The three major telecom operators in China have officially launched eSIM mobile services, marking a significant advancement in the eSIM technology for smartphones and creating new growth opportunities for the eSIM industry chain [1] Industry Overview - The global eSIM chip shipment reached 446 million in 2023, with predictions of 1 billion eSIM smartphone connections by the end of 2025 and 6.9 billion by 2030, accounting for three-quarters of total smartphone connections [1][6] - The eUICC chip is central to eSIM technology, enabling remote SIM configuration and management, which enhances user experience and positions the industry chain for growth [2] Market Dynamics - The demand for eUICC chips is expected to surge due to the commercial launch of eSIM services by telecom operators, with 3.62 million eSIM users in China as of 2023, predominantly in smartwatches [3] - The eSIM technology is anticipated to drive supply chain optimization within the telecommunications industry [1] Company Developments - New Henghui, a semiconductor packaging and testing company, has the capability to adapt its existing IoT eSIM packaging technology for smartphones and other devices, indicating a broad application potential [1][5] - Huada Electronics has developed an eSIM operating system in collaboration with a global eSIM service provider, achieving GSMA eUICC Security Assurance certification, which enhances its market position [2] Technical Advancements - The etching lead frame is a critical material for eSIM chip packaging, with significant potential for domestic substitution as eSIM applications accelerate [4] - The WLCSP (Wafer-Level Chip Scale Package) technology is crucial for miniaturizing eSIM chips and is already adopted by major international manufacturers like Apple and Samsung [5] Future Outlook - Companies that proactively invest in technology development and establish strong ties with terminal manufacturers and telecom operators are likely to gain competitive advantages in the evolving eSIM industry [6]

Group 1 - The core point of the article highlights the financial performance and trading activity of Xinhenghui, noting a slight decline in stock price and specific figures related to financing and trading volume [1][2] - On October 16, Xinhenghui's stock price decreased by 0.41%, with a trading volume of 224 million yuan. The financing buy amount was 23.72 million yuan, while the financing repayment was 25.35 million yuan, resulting in a net financing buy of -1.63 million yuan [1][2] - As of October 16, the total financing and securities balance for Xinhenghui was 420 million yuan, which represents 11.83% of its market capitalization [2] Group 2 - Xinhenghui's main business segments include smart card business (59.74%), etched lead frame business (28.34%), and IoT eSIM chip testing business (6.16%), with other revenues accounting for 5.76% [2] - For the first half of 2025, Xinhenghui reported a revenue of 474 million yuan, reflecting a year-on-year growth of 14.51%. However, the net profit attributable to shareholders was 88.95 million yuan, showing a year-on-year decrease of 11.94% [2] - Since its A-share listing, Xinhenghui has distributed a total of 120 million yuan in dividends [3]

Group 1 - The core viewpoint of the news is that Xinhenghui's stock has shown a positive performance with a 2.98% increase in price and a trading volume of 516 million yuan on October 14 [1] - On the same day, Xinhenghui had a financing buy amount of 61.56 million yuan, with a net financing buy of 6.52 million yuan, leading to a total financing and securities balance of 433 million yuan [2] - The company has a financing balance that constitutes 11.87% of its circulating market value [2] Group 2 - Xinhenghui's main business segments include smart card business (59.74%), etched lead frame business (28.34%), and IoT eSIM chip testing business (6.16%) [2] - As of June 30, the number of shareholders decreased by 30.05% to 37,300, while the average circulating shares per person increased by 42.96% to 1,219 shares [2] - For the first half of 2025, Xinhenghui reported a revenue of 474 million yuan, a year-on-year increase of 14.51%, while the net profit attributable to the parent company was 88.95 million yuan, a year-on-year decrease of 11.94% [2] Group 3 - Since its A-share listing, Xinhenghui has distributed a total of 120 million yuan in dividends [3]

Group 1 - New Henghui's stock price dropped by 5.99% on October 10, with a trading volume of 364 million yuan [1] - On the same day, New Henghui had a financing buy-in amount of 35.26 million yuan and a financing repayment of 48.05 million yuan, resulting in a net financing buy of -12.78 million yuan [1][2] - As of October 10, the total financing and securities lending balance for New Henghui was 425 million yuan, accounting for 11.87% of its market capitalization [2] Group 2 - New Henghui's main business segments include smart card business (59.74%), etched lead frame business (28.34%), and IoT eSIM chip testing business (6.16%) [2] - For the first half of 2025, New Henghui achieved an operating income of 474 million yuan, representing a year-on-year growth of 14.51%, while the net profit attributable to shareholders decreased by 11.94% to 88.95 million yuan [2] - The company has distributed a total of 120 million yuan in dividends since its A-share listing [3]

（文章来源：证券日报） 证券日报网讯 9月26日晚间，新恒汇发布公告称，公司于2025年9月26日召开了职工代表大会，经全体 与会职工代表表决，选举于胜武先生为公司第二届董事会职工代表董事。 ...

关于非独立董事辞职暨选举职工代表董事的公告 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。 证券代码：301678 证券简称：新恒汇 公告编号：2025-022 新恒汇电子股份有限公司 一、非独立董事辞职情况 新恒汇电子股份有限公司（以下简称"公司"）董事会近日收到公司非独立 董事李斌先生递交的书面辞职报告。因个人原因，李斌先生申请辞去公司董事职 务。辞职后，李斌先生不再在公司担任任何职务。李斌先生原定任期为 2023 年 11 月 16 日至 2026 年 11 月 15 日。李斌先生的辞职不会导致公司董事会成员低 于法定最低人数，根据《中华人民共和国公司法》《新恒汇电子股份有限公司章 程》的有关规定，其辞职报告自送达董事会之日起生效。截至本公告披露日，李 斌先生未持有公司股份，不存在应当履行而未履行的承诺事项。 李斌先生在公司任职期间恪尽职守、勤勉尽责，公司董事会对李斌先生任职 期间为公司所做出的贡献表示衷心的感谢。 二、职工代表董事选举情况 鉴于李斌先生辞去公司董事职务，为保证公司治理结构完整，根据《公司章 程》的规定，公司于 2025 年 9 月 26 ...

证券日报网讯新恒汇（301678）9月26日在互动平台回答投资者提问时表示，公司的客户详情请关注招 股书和公开披露内容。 ...