Group 1 - The company, Zhiwei Intelligent, announced that as of September 8, 2025, it has fully repaid all funds raised for temporarily supplementing working capital back to the special account for raised funds [2] - The usage period for these funds did not exceed twelve months [2]

深圳市智微智能科技股份有限公司（以下简称"公司"）于 2024 年 9 月 27 日召 开第二届董事会第十一次会议和第二届监事会第九次会议审议通过了《关于使用部 分闲置募集资金暂时补充流动资金的议案》，同意公司使用不超过 5,000 万元的部分 闲置募集资金暂时补充流动资金，使用期限自公司董事会审议通过之日起不超过 12 个月，到期归还至募集资金专用账户。具体内容详见公司于 2024 年 9 月 28 日披露 于巨潮资讯网（www.cninfo.com.cn）的《关于使用部分闲置募集资金暂时补充流动 资金的公告》（公告编号：2024-072）。 证券代码：001339 证券简称：智微智能 公告编号：2025-080 深圳市智微智能科技股份有限公司 关于提前归还用于暂时补充流动资金的募集资金的公告 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。 本次使用闲置募集资金暂时补充流动资金将于 2025 年 9 月 26 日到期。截至 2025 年 9 月 8 日，公司已将上述用于暂时补充流动资金的募集资金全部提前归还至募集 资金专项账户，使用期限未超过十二个月。公司已 ...

Core Points - The stock price of Zhimi Intelligent has dropped by 5.04% on September 4, reaching 57.13 CNY per share, with a trading volume of 423 million CNY and a turnover rate of 6.01%. The total market capitalization is 14.387 billion CNY. The stock has seen a continuous decline for 7 days, with a cumulative drop of 14.39% during this period [1] - Zhimi Intelligent, established on September 7, 2011, and listed on August 15, 2022, is primarily engaged in the research, production, sales, and services of various electronic devices, including educational, consumer, network equipment, network security, retail, and other products. The revenue composition is as follows: industry terminals 53.57%, ICT infrastructure 15.78%, intelligent computing business 15.31%, others 7.88%, and industrial IoT 7.46% [1] Shareholder Analysis - Among the top ten circulating shareholders of Zhimi Intelligent, a fund under E Fund, specifically E Fund Supply-side Reform Mixed Fund (002910), holds 797,700 shares, unchanged from the previous period, accounting for 1.07% of the circulating shares. The estimated floating loss today is approximately 2.417 million CNY, with a total floating loss of 8.0647 million CNY during the 7-day decline [2] - E Fund Supply-side Reform Mixed Fund (002910) was established on January 25, 2017, with a current scale of 4.056 billion CNY. Year-to-date returns are 14.59%, ranking 4667 out of 8180 in its category; the one-year return is 32.78%, ranking 4192 out of 7978; and since inception, the return is 185.3% [2]

Core Insights - Huawei's HarmonyOS is set to achieve full autonomy by 2025, with over 1.19 billion devices equipped with the system [1] - In the consumer electronics sector, Huawei's smartphone market share in China has reached 25%, with foldable models accounting for 18% [1] - The report identifies five key companies with significant technological advantages and performance elasticity in the HarmonyOS and consumer electronics space [1] Company Summaries 1. Broadcom Integration - Core Positioning: Key supplier of HarmonyOS RF chips [3] - Technological Barriers: First global Wi-Fi 6 IoT chip supporting StarFlash technology, with a domestic substitution rate increasing from 35% to 60% [3] - Market Performance: Net profit in Q1 2025 increased by 910.55%, with HarmonyOS revenue exceeding 30% [3] 2. Chenyi Intelligent - Core Positioning: Leader in HarmonyOS smart interaction hardware [4] - Technological Barriers: Only company in China with full-process R&D capability for HarmonyOS smart remote controls [4] - Market Performance: Q2 2025 shipment volume grew by 210%, with Huawei orders making up 65% [4] 3. Guoguang Electric - Core Positioning: Leader in HarmonyOS acoustic hardware [5] - Technological Barriers: First acoustic module certified by HarmonyOS, integrating AI voice interaction and spatial audio technology [6] - Market Performance: Q1 2025 revenue increased by 42%, with Huawei orders rising to 58% [8] 4. Zhuoyue Technology - Core Positioning: Benchmark for HarmonyOS terminal manufacturing [10] - Technological Barriers: Core manufacturer for Huawei's Mate 70 series, achieving a yield rate of 99.2% [10] - Market Performance: Q2 2025 net profit surged by 1046.17%, with HarmonyOS revenue exceeding 70% [12] 5. Zhiwei Intelligent - Core Positioning: Builder of the HarmonyOS PC ecosystem [14] - Technological Barriers: Developer of the first distributed operating system for X86 architecture based on HarmonyOS [14] - Market Performance: Q1 2025 net profit increased by 979.75%, with a provincial government cloud project exceeding 500 million [16]

Group 1 - The core viewpoint of the article highlights the recognition of Zhang Xinyuan, the Secretary of the Board of Directors of Zhiwei Intelligent Company, who won the 11th Golden Kylin Award for Outstanding Secretary, reflecting her exceptional professional capabilities and contributions to corporate governance and investor relations [1][2] - The Golden Kylin Award has been held for eleven sessions, recognizing over 900 outstanding secretaries, and is regarded as a prestigious award in the industry, focusing on information disclosure quality, investor communication effectiveness, and contributions to corporate governance and ESG [1][2] - The role of a Secretary of the Board is emphasized as a critical link between listed companies and the capital market, serving as a gatekeeper for corporate operations, a strategic advisor for capital, a spokesperson for information disclosure, and an architect for investor relations [1][2] Group 2 - Zhang Xinyuan is recognized as an outstanding representative of her peers, showcasing her excellence in capital communication, compliance governance, and strategic collaboration, which reflects the market's high regard for Zhiwei Intelligent's governance level and value growth [2]

Core Viewpoint - The article highlights the importance of company secretaries (董秘) as a crucial link between listed companies and the capital market, emphasizing their multifaceted roles in corporate governance and development [1]. Group 1: Roles of Company Secretaries - Company secretaries act as gatekeepers for corporate compliance and governance [1]. - They serve as advisors for capital strategy and are responsible for information disclosure [1]. - They also play a key role in building investor relations [1]. Group 2: Recognition of Outstanding Company Secretaries - A total of 73 company secretaries were recognized for their excellence in various key indicators such as information disclosure quality, corporate governance, and investment value [1]. - The recognition is part of the 11th Golden Unicorn Awards for outstanding company secretaries [1].

Summary of Key Points from Conference Call Records Company: Horizon Robotics - **Revenue Performance**: In H1 2025, Horizon Robotics reported revenue of 1.57 billion yuan, a year-on-year increase of 68%, exceeding the expected 1.43 billion yuan. Gross profit was 1.02 billion yuan, a 39% increase year-on-year, but slightly below the expected 1.04 billion yuan [1] - **Business Segmentation**: Revenue from automotive products and solutions reached 780 million yuan, up 250% year-on-year, with shipments of 1.98 million units, a 115% increase. Revenue from automotive licensing and services was 740 million yuan, a 6.9% increase year-on-year [1] - **Market Position**: Horizon Robotics is the first domestic company to achieve a shipment volume of over 10 million units in intelligent driving technology, holding market shares of 32.4% in autonomous driving computing solutions and 45.8% in ADAS front-view integrated machines, both ranking first in the market [1] - **Core Partner**: Zhongke Chuangda, which has a joint venture with Horizon Robotics, reported a non-net profit of 49 million yuan in Q2 2025, a 16-fold increase year-on-year, driven by a 136% increase in revenue from AloT business [1] Industry: Satellite Communication - **Government Initiatives**: On August 27, 2025, the Ministry of Industry and Information Technology released guidelines to promote the development of the satellite communication industry, aiming for over 10 million users of direct satellite connections by 2030 [2] - **Market Developments**: Domestic progress includes China Telecom's plan to promote over 30 direct connection models by May 2025, with annual sales expected to exceed 16 million units [2] - **Key Technologies**: Phased array and beamforming technologies are critical for the implementation of direct satellite communication [3] Industry: Medical and Pharmaceutical - **Policy Framework**: The Ministry of Commerce and Jiangsu Provincial Government issued a development plan for the biopharmaceutical industry on August 27, 2025, focusing on innovation in drugs and high-end medical devices [5] - **Market Size**: In 2024, Jiangsu is expected to approve 352 new drugs, including 13 innovative drugs, leading the nation. The biopharmaceutical cluster in Jiangsu is projected to generate revenue of 454.39 billion yuan in 2024, accounting for 15.3% of the national total [5] - **Core Companies**: Weisi Medical, specializing in non-invasive brain-machine interfaces, and Zhaoyan New Drug, which provides non-clinical research services, are highlighted as key players in the sector [5] Company: Dongtian Microelectronics - **Financial Performance**: In H1 2025, Dongtian Microelectronics reported revenue of 376 million yuan, a 42.29% increase year-on-year, with a non-net profit of approximately 49.78 million yuan, up 109.47% [6] - **Product Expansion**: The company is expanding its product offerings in optical communication and consumer electronics, including camera optical components supplied to Huawei [6] Company: Haosi Automotive Electronics - **Strategic Partnership**: Haosi Automotive Electronics has become a key partner of NVIDIA Jetson Thor, focusing on developing control systems for robotics [7] - **Market Trends**: The value of single-vehicle perception systems is increasing, with prices rising from below 1,000 yuan to 3,000-4,000 yuan per unit due to the proliferation of intelligent driving technologies [7] Company: Yunnan Energy Investment - **Renewable Energy Development**: Yunnan Rongyao New Energy is undergoing compliance checks for its integration into Yunnan Energy Investment, which will increase its renewable energy capacity by nearly 50% [8] - **Financial Projections**: Assuming an annual power generation of 1.2 billion kWh and an electricity price of 0.35 yuan per kWh, the projected annual revenue could reach approximately 420 million yuan, with net profits estimated between 150 million to 200 million yuan [8] Company: Zhongxin Group - **Revenue Growth**: In Q2 2025, Zhongxin Group reported revenue of 1.246 billion yuan, a 161% increase year-on-year, driven by land development and industrial investment [9] - **Operational Metrics**: The company has developed a total area of 3 million square meters in industrial parks, with an occupancy rate of 81% [9] Company: Broadcom Integration - **AI Chip Demand**: Broadcom Integration is benefiting from the growing demand for AI chips in smart terminals, with a focus on Wi-Fi MCU and various AI-integrated chips for applications in AI glasses and toys [10]

Group 1: Industry Trends - The demand for domain controllers in the robotics industry is surging due to the increasing complexity of data and scenarios as robots become more practical [1][3] - Major companies in the robotics sector are optimistic about future sales, with predictions of annual shipment volumes potentially doubling in the coming years [2][3] - The robotics domain control market is expected to grow significantly, with estimates suggesting that embodied intelligent robots could become the next generation of mass smart terminals after smartphones and cars [2][3] Group 2: Technological Developments - NVIDIA has launched the Jetson Thor platform, which boasts a 7.5 times increase in AI computing power and a 3.5 times improvement in energy efficiency compared to its predecessor, Jetson Orin [1] - Companies are exploring high-cost, high-performance domestic solutions to compete with expensive international products like the Jetson Thor developer kit, priced at $3,499 [1][3] - The integration of multiple controllers within robots is leading to challenges in space utilization and system complexity, prompting the development of more compact and efficient solutions [4][5] Group 3: Competitive Landscape - Numerous companies, including Tianzhun Technology and Zhiwei Intelligent, are entering the robotics domain control market, intensifying competition [5][6] - Customized solutions are becoming a trend as companies adapt to the evolving needs of robot manufacturers, with a focus on modular design and standardization of input/output interfaces [6][7] - Tianzhun Technology is actively collaborating with leading robot manufacturers to develop high-performance domain control solutions based on NVIDIA's latest chips [6][7]

2016-2025年上半年计算机、通信和其他电子设备制造业企业数统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市公司：中国长城（000066），浪潮信息（000977），新大陆（000997），魅视科技（001229），智 微智能（001339），纳思达（002180），证通电子（002197），大华股份（002236），电科网安 （002268），中威电子（300270），智迪科技（301503），中润光学（688307），萤石网络 （688475），三未信安（688489） 相关报告：智研咨询发布的《2025-2031年中国通信设备行业市场行情监测及发展趋向研判报告》 2025年上半年，计算机、通信和其他电子设备制造业企业数（以下数据涉及的企业，均为规模以上工业 企业，从2011年起，规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业 ...

Group 1 - The stock price of Zhiwei Intelligent closed at 69.10 yuan on August 26, 2025, down 1.67% from the previous trading day [1] - The stock experienced significant volatility, reaching a high of 77.30 yuan and a low of 67.31 yuan, with an amplitude of 14.22% and a trading volume of 2.31 billion yuan [1] - Zhiwei Intelligent specializes in the research, production, and sales of IoT devices and solutions, including smart terminals and edge computing devices, and operates in the computer equipment manufacturing industry based in Guangdong Province [1] Group 2 - On August 26, the stock price of Zhiwei Intelligent showed rapid fluctuations, with a quick drop of over 2% within 5 minutes at 9:36 AM, followed by a rebound of over 2% within 5 minutes at 10:25 AM [1] - Data on capital flow indicated a net outflow of 222 million yuan from Zhiwei Intelligent on August 26, accounting for 2.7% of its circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 68.33 million yuan, representing 0.83% of the circulating market value [1]