Caitong Securities(SH:601108) Xin Lang Cai Jing·2025-08-26 02:30Core Viewpoint - The stock of Chip Origin Microelectronics (芯原股份) experienced a decline of 5.45% on August 26, closing at 149.30 CNY per share, with a trading volume of 1.32 billion CNY and a turnover rate of 1.82%, resulting in a total market capitalization of 78.49 billion CNY [1] Company Overview - Chip Origin Microelectronics, established on August 21, 2001, and listed on August 18, 2020, is located in the China (Shanghai) Pilot Free Trade Zone. The company specializes in providing platform-based, comprehensive, and one-stop chip customization services and semiconductor IP licensing services based on its proprietary semiconductor IP [1] - The revenue composition of the company includes: 41.85% from chip volume business, 28.81% from intellectual property licensing fees, 23.83% from chip design services, 5.21% from royalties, and 0.29% from other sources [1] Fund Holdings - From the perspective of major fund holdings, one fund under Caitong Securities Asset Management holds a significant position in Chip Origin Microelectronics. The Caitong Innovation Growth Mixed A Fund (020075) held 47,900 shares in the second quarter, accounting for 4.8% of the fund's net value, making it the fifth-largest holding. The estimated floating loss today is approximately 412,200 CNY [2] - The Caitong Innovation Growth Mixed A Fund was established on March 26, 2024, with a latest scale of 59.50 million CNY. Year-to-date, it has achieved a return of 40.88%, ranking 1020 out of 8194 in its category; over the past year, it has returned 85.02%, ranking 584 out of 7962; and since inception, it has returned 75.86% [2]