Novosense(SH:688052) Chang Jiang Shang Bao·2025-11-25 23:46Core Viewpoint - Naxin Micro (688052.SH) plans to repurchase shares worth between 200 million to 400 million RMB, reflecting confidence in future growth and long-term value recognition [1][2] Share Repurchase Plan - The repurchase will be conducted through centralized bidding, with a maximum price of 200 RMB per share, and aims to buy back approximately 1 million to 2 million shares, representing 0.70% to 1.40% of the total share capital [2][3] - The repurchased shares will be used for employee stock ownership plans or equity incentives, to be utilized within three years [2] Financial Performance - For the first three quarters of 2025, Naxin Micro reported a revenue of 2.366 billion RMB, a year-on-year increase of 73.18%, and a net loss of 140 million RMB, a significant reduction in loss by 65.54% compared to the previous year [5] - The company has consistently increased its R&D investment, with cumulative R&D expenses reaching 2.028 billion RMB over the past four years [5] Market Position and Product Offering - Naxin Micro ranks 14th in China's analog chip market with a 0.9% market share and is the leading domestic company in automotive analog chip revenue [4][5] - The company operates under a fabless model, focusing on chip design and development across three main product categories: sensors, signal chain chips, and power management chips [4]