证券代码：688047 证券简称：龙芯中科 公告编号：2025-028 龙芯中科技术股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 根据《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律监管 指引第 1 号——规范运作》以及《上海证券交易所科创板股票上市规则》等有关法律、 法规及相关文件的规定，龙芯中科技术股份有限公司（以下简称"公司"或"本公司"） 就 2025 年半年度（以下简称"报告期"）募集资金存放与实际使用情况专项报告说 明如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 单位：人民币万元 | 募集资金总额 | | | | 246,246.00 | | | --- | --- | --- | --- | --- | --- | | 减：保荐费及承销费用（含税） | | | | 2,314.71 | | | 收到的募集资金总额 | | | | 243,931.29 | | | 减：发行费用及相关税费 | | | | ...

龙芯中科技术股份有限公司 2025 年度"提质增效重回报"行动方案的半年度评估报告 为落实以投资者为本的理念，龙芯中科技术股份有限公司（以下简称"龙芯中科"、"龙 芯"或"公司"）基于对未来发展前景的信心及价值的认可，对 2025 年上半年"提质增效 重回报"行动方案的落实情况进行评估，具体情况如下。 一、聚焦经营主业，巩固转型成果，提升经营质量效率 1、保持研发投入力度，巩固研发转型成果 2025 年上半年公司进一步统筹"保供应"、"降成本"和"稳库存"之间的平衡关系， 继续优化供应链安全保障策略、完善生产渠道和强化供应商管理，确保产品供应。 持续加强生产调度，加强与研发的联动，通过批量晶圆采购、减少基板层数、优化芯片 设计减小面积等多种措施，有效降低了产品成本，贯彻"成品率就是竞争力，成品率就是利 润率"理念有效提高成品率。加强芯片生产的计划性和前瞻性，在业务销售和加工生产之间 保持稳定的库存水平，确保高效率供应和降低资金积压。 作为技术密集型企业，龙芯坚持核心技术自主创新的发展战略，高度重视产品研发，并 持续地进行研发投入。近两年，公司研发投入总额均在 5 亿元以上，研发投入总额占当年营 业收入比例均在 ...

证券代码：688047 证券简称：龙芯中科 公告编号：2025-029 龙芯中科技术股份有限公司 关于 2025 年半年度计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、计提资产减值准备情况概述 公司参考历史信用损失经验，结合当前状况及对未来经济状况的预测，编制 账龄与预期信用损失率对照表，按照账龄和预期信用损失率对应收账款、应收票 据（商业承兑汇票）和其他应收款计提信用减值准备。经测试，公司 2025 年上 半年计提信用减值损失金额 5,371.99 万元。 （二）资产减值损失 在资产负债表日，公司存货按照成本与可变现净值孰低计量，按照单个存货 成本高于可变现净值的差额计提存货跌价准备，同时对库龄 3 年以上的存货全额 计提存货跌价准备。经测试，公司 2025 年上半年度计提资产减值损失 4,444.75 万元。 三、本次计提资产减值准备对公司的影响 根据《企业会计准则第 8 号资产减值》以及龙芯中科技术股份有限公司（以 下简称"公司"）会计政策的相关规定，为客观、公允地反映公司截至 2025 ...

证券代码：688047 证券简称：龙芯中科 公告编号：2025-030 龙芯中科技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 投资者可于 2025 年 9 月 2 日(星期二)至 9 月 8 日(星期一)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@loongson.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 龙芯中科技术股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日披 露公司 2025 年半年度报告及其摘要，为便于广大投资者更全面深入地了解公司 2025年半年度经营成果、财务状况，公司计划于2025年9月9日上午10:00-11:30 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频录播结合网络互动方式召开，公司将针对 2025 年半 年度经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露 ...

[Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines key terms, company names, and technical jargon to facilitate understanding of the report. [Common Terminology Definitions](index=4&type=section&id=%E5%B8%B8%E7%94%A8%E8%AF%8D%E8%AF%AD%E9%87%8A%E4%B9%89) This section defines key terms, company names, and technical jargon to facilitate understanding of the report. - Loongson Technology (the Company) refers to Loongson Technology Corporation Limited, with the reporting period being January-June 2025[9](index=9&type=chunk) - LoongArch is a new streamlined instruction system launched by Loongson Technology in 2020, widely applied in general-purpose fields such as servers, desktops, terminals, and industrial control[10](index=10&type=chunk) - Fabless mode refers to an integrated circuit enterprise operating model without its own wafer fabrication plants, focusing solely on chip design, R&D, application, and sales, while outsourcing manufacturing, packaging, and testing[10](index=10&type=chunk) [Company Profile and Key Financial Indicators](index=7&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company's basic information and key financial performance indicators. [I. Company Overview](index=7&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Loongson Technology is an integrated circuit design firm registered in Beijing, with Hu Weiwu as its legal representative. - The company's Chinese name is Loongson Technology Corporation Limited, abbreviated as Loongson Technology[13](index=13&type=chunk) - The company's legal representative is Hu Weiwu, and its registered address is in Haidian District, Beijing[13](index=13&type=chunk) [II. Contact Person and Information](index=7&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the Board Secretary and Securities Affairs Representative for investor inquiries. - The Board Secretary is Li Xiaoyu, and the Securities Affairs Representative is Li Lin; their contact number is 010-62546668, and email is ir@loongson.cn[14](index=14&type=chunk) [III. Information Disclosure and Document Custody Location Changes](index=7&type=section&id=%E4%B8%89%E3%80%81%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) The company designates specific newspapers and the SSE website for information disclosure, with documents available at the Board Office. - Information disclosure newspapers are China Securities Journal, Shanghai Securities News, and Securities Times; the website address is http://www.sse.com.cn/[15](index=15&type=chunk) [IV. Company Stock/Depositary Receipt Summary](index=7&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%2F%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E7%AE%80%E5%86%B5) The company's A-shares are listed on the STAR Market of the Shanghai Stock Exchange under stock code 688047. - The company's stock type is A-shares, listed on the STAR Market of the Shanghai Stock Exchange, with stock abbreviation Loongson Technology and stock code 688047[16](index=16&type=chunk) [VI. Key Accounting Data and Financial Indicators](index=8&type=section&id=%E5%85%AD%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2025, revenue grew by **10.90%** to **243 million yuan**, but net loss expanded to **-294 million yuan**, with gross margin at **42.44%** and R&D intensity at **109.32%**. 2025 Semi-Annual Key Accounting Data | Indicator | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 243,512,941.83 | 219,586,897.86 | 10.90 | | Total Profit | -297,569,415.19 | -277,072,472.79 | N/A | | Net Profit Attributable to Shareholders of the Listed Company | -294,468,226.53 | -238,129,943.62 | N/A | | Net Cash Flow from Operating Activities | -322,797,205.60 | -177,652,840.45 | N/A | | Net Assets Attributable to Shareholders of the Listed Company | 2,654,305,382.05 | 2,936,397,075.21 | -9.61 | | Total Assets | 3,167,764,447.66 | 3,497,483,392.20 | -9.43 | 2025 Semi-Annual Key Financial Indicators | Indicator | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic EPS (yuan/share) | -0.74 | -0.59 | N/A | | Weighted Average ROE (%) | -10.53 | -6.94 | Decrease 3.59 percentage points | | R&D Investment Ratio to Operating Revenue (%) | 109.32 | 126.07 | Decrease 16.75 percentage points | - Industrial control chip revenue increased by **61.09%** year-on-year, information technology chip revenue increased by **5.01%** year-on-year, and solution revenue decreased by **25.93%** year-on-year[20](index=20&type=chunk) - The company's gross margin was **42.44%**, an increase of **12.77 percentage points** from the prior period, with industrial control chip gross margin at **65.45%**, information technology chip gross margin at **23.95%**, and solution gross margin at **45.20%**[20](index=20&type=chunk) - The decrease in net profit was primarily due to the combined effects of increased R&D expenses, an increase of **98.17 million yuan** in credit and asset impairment losses, and an increase of **35.84 million yuan** in income tax expenses due to unrecognized deferred income tax assets[21](index=21&type=chunk) [VIII. Non-Recurring Gains and Losses Items and Amounts](index=9&type=section&id=%E5%85%AB%E3%80%81%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled **25.21 million yuan**, primarily from government grants and fair value changes of financial assets. 2025 Semi-Annual Non-Recurring Gains and Losses Items | Non-Recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Non-current Asset Disposal Gains and Losses | 2,942.48 | | Government Grants Recognized in Current P&L | 19,841,785.78 | | Fair Value Changes and Disposal Gains/Losses from Financial Assets/Liabilities Held by Non-Financial Enterprises | 5,769,457.31 | | Other Non-Operating Income and Expenses Apart from the Above | -401,025.23 | | **Total** | **25,213,160.34** | [Management Discussion and Analysis](index=11&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%

本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688047 证券简称：龙芯中科 公告编号：2025-027 龙芯中科技术股份有限公司 第二届监事会第八次会议决议公告 一、监事会会议召开情况 龙芯中科技术股份有限公司（以下简称"公司"）第二届监事会第八次会议 于 2025 年 8 月 26 日以现场方式召开，会议通知及相关材料于 2025 年 8 月 15 日以邮件形式送达公司全体监事。 本次会议由监事会主席杨梁先生主持，本次会议应出席监事 3 人，实际出席 监事 3 人。会议的召集和召开程序符合《公司法》和《公司章程》等相关规定， 会议形成的决议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于<2025 年半年度报告>及其摘要的议案》 公司《2025 年半年度报告》及摘要的编制和审议程序符合法律、法规、《公 司章程》等各项规定，能够公允地反映公司报告期内的财务状况和经营成果。监 事会及全体监事保证公司《2025 年半年度报告》及摘要所披露的信息真实、准 确和完整，没有虚假记载、误导性陈述或者重大遗漏， ...

龙芯中科公告，2025年上半年营业收入2.44亿元，同比增长10.90%。归属于上市公司股东的净亏损2.94 亿元，上年同期净亏损2.38亿元。 ...

Core Viewpoint - The significant financial turnaround of Cambricon Technologies, which reported a substantial increase in revenue and profit, has positively impacted the stock market, particularly in the semiconductor sector. Group 1: Financial Performance - In the first half of 2025, Cambricon achieved revenue of 2.881 billion yuan, a year-on-year increase of 4300% [1] - The net profit attributable to shareholders was 1.038 billion yuan, compared to a loss of 533 million yuan in the same period last year [1] - The net cash flow from operating activities improved to 911 million yuan, a significant recovery from a negative 631 million yuan in the previous year [1] Group 2: Inventory and Future Growth - As of the first half of 2025, Cambricon's inventory balance reached 2.69 billion yuan, a 51.64% increase from the end of the previous year, accounting for over 30% of total assets [2] - The increase in inventory and prepaid accounts, totaling 828 million yuan, indicates confidence in future bulk shipments and production expansion [2] - Market estimates suggest that Cambricon's Q3 revenue could exceed 2 billion yuan, with a potential total revenue nearing 8 billion yuan for the year [2] Group 3: Market Position and Valuation - Cambricon's stock price reached 1329 yuan, approaching the highest price in the A-share market, with Goldman Sachs raising its target price to 1835 yuan [3] - The semiconductor sector is expected to see upward adjustments in valuations, driven by Cambricon's performance, which serves as a benchmark for the industry [3] - The domestic AI chip market is projected to grow significantly, with a focus on domestic production and safety, indicating a strong growth trajectory for Cambricon and similar companies [4] Group 4: Industry Trends - The domestic capital expenditure for computing power is in the hundreds of billions, with a potential 50% localization requirement, ensuring market growth [4] - The global AI chip market is expected to reach $92 billion by 2025, with China accounting for approximately 30% of this market [4] - The semiconductor industry has shown high elasticity, with the CSI Semiconductor Industry Index rising 182% since 2016, outperforming other indices [4]

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected performance that exceeds the market by more than 5% over the next six months [9]. Core Insights - The release of the "Artificial Intelligence+" action plan by the State Council signifies a strong governmental commitment to accelerating the development of the AI industry in China [4][5]. - The focus on local data processing is expected to enhance user experience through low latency, high privacy, and strong interactive capabilities, expanding AI applications from single voice assistants to multimodal scenarios [6]. - The AI chip market in China is projected to grow from approximately 18.4 billion yuan in 2020 to 153 billion yuan by 2025, with a compound annual growth rate (CAGR) of about 52.7% [7]. - The action plan sets ambitious goals for the penetration of new-generation smart terminals, aiming for over 70% by 2027 and over 90% by 2030, which will drive hardware upgrades and enhance AI application integration [8]. Summary by Sections AI Industry Development - The "Artificial Intelligence+" action plan aims to deepen the integration of AI technology across various industries, with specific targets for smart terminal application rates and the promotion of intelligent products [8]. - The plan emphasizes the importance of AI computing power, calling for innovations in AI chips and the establishment of a national integrated computing network [7]. Market Opportunities - The increasing penetration of AI in smart terminals is expected to drive demand for core hardware upgrades, particularly in the chip market, as AI applications become more prevalent [8]. - The collaboration between domestic AI models and AI chips is anticipated to enhance the competitiveness of Chinese AI chip manufacturers [8]. Investment Recommendations - The report strongly recommends investing in companies involved in AI algorithms and applications, AI computing power, and AI edge SoCs, highlighting specific companies such as Hengsheng Electronics and Longxin Zhongke [8].

Market Sentiment - The current market sentiment score is 76, indicating a "relatively hot" market condition, which suggests a gradual upward trend supported by recent improvements in market sentiment and policy support [6][10][21]. Hot Themes Tracking - **Robotics Theme**: NVIDIA is set to launch a new "brain" for robots, generating interest in related stocks such as Wolong Electric Drive (600580) and Changsheng Bearing (300718) [6]. - **GPU Theme**: The Ministry of Industry and Information Technology emphasizes the orderly development of computing power facilities, aiming to enhance the quality of computing resources. Key stocks include Loongson Technology (688047) and Jingjia Micro (300474) [6]. - **Rare Earth Theme**: The rare earth sector is gaining traction, with a recent seminar focusing on the integration of rare earth materials with low-altitude economy and robotics. Related stocks include Northern Rare Earth (600111) and Guangsheng Nonferrous Metals (600259) [6]. Capital Flow Analysis - The top ten stocks with the highest net inflow include Tuo Wei Information (177,855.19 million), Goer Technology (130,901.51 million), and Liou Holdings (121,253.02 million) [11]. - The top ten stocks with the highest net outflow include Xinyi Sheng (136,995.98 million), Heertai (125,083.18 million), and Yangguang Power (115,266.19 million) [13][22]. Industry Performance - The electronics sector shows significant net buying activity, with a total of 645,463 million in financing net purchases, indicating strong investor confidence [20]. - The banking sector also demonstrates robust performance with net buying of 152,786 million, reflecting positive sentiment towards financial institutions [20]. Investment Strategy Recommendations - In a "relatively hot" market, it is advisable to moderately increase investments while being cautious of potential overheating risks [21].