苏州纳芯微电子股份有限公司 第三届监事会第十九次会议决议公告 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。 一、监事会会议召开情况 苏州纳芯微电子股份有限公司（以下简称"公司"）第三届监事会第十九次会 议于 2025 年 8 月 18 日在公司会议室以现场及通讯会议相结合的方式召开，会议 已于 2025 年 8 月 8 日以通讯方式发出会议通知。会议应出席监事 3 名，实际出 席监事 3 名，会议由严菲女士主持，会议的召集、召开、表决程序符合《中华人 民共和国公司法》和《苏州纳芯微电子股份有限公司章程》的相关规定，所作决 议合法有效。经与会监事表决，会议形成如下决议： 二、监事会会议审议情况 （一）审议通过《关于公司<2025 年半年度报告>及其摘要的议案》 证券代码：688052 证券简称：纳芯微 公告编号：2025-035 具体内容详见同日在上海证券交易所网站（www.sse.com.cn）上披露的《2025 年半年度报告》及《2025 年半年度报告摘要》。 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票。 ...

[Company Profile and Key Financial Indicators](index=6&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section outlines the company's fundamental information and presents key financial performance indicators [Company Overview](index=6&type=section&id=Company%20Overview) Suzhou Novosense Microelectronics Co., Ltd. (Novosense) is a company listed on the STAR Market of the Shanghai Stock Exchange with stock code 688052, led by legal representative Wang Shengyang and headquartered in Suzhou Industrial Park - The company's Chinese name is Suzhou Novosense Microelectronics Co., Ltd., with stock abbreviation Novosense, listed on the STAR Market of the Shanghai Stock Exchange under stock code **688052**[15](index=15&type=chunk)[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2025, the company achieved 1.524 billion yuan in revenue, a 79.49% increase, with Q2 revenue reaching a record high; net loss narrowed significantly, though operating cash flow turned negative due to increased inventory for rising orders, while R&D expenses grew 51.43% excluding share-based payments Key Accounting Data for H1 2025 | Item | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Revenue (billion yuan)** | 1.524 | 0.849 | 79.49% | | **Net Profit Attributable to Shareholders (million yuan)** | -78 | -265 | Not applicable | | **Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (million yuan)** | -106 | -286 | Not applicable | | **Net Cash Flow from Operating Activities (million yuan)** | -308 | 8 | -3,763.68% | | **Total Assets (Period-end) (billion yuan)** | 7.61 | 7.674 | -0.83% | Key Financial Indicators for H1 2025 | Item | Current Period (Jan-Jun) | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | **Basic EPS (yuan/share)** | -0.55 | -1.86 | Not applicable | | **Weighted Average ROE (%)** | -1.32% | -4.31% | Increased 2.99 percentage points | | **R&D Investment as % of Revenue (%)** | 23.71% | 37.61% | Decreased 13.90 percentage points | - Revenue growth was primarily driven by robust demand in automotive electronics, recovery in the general energy sector, and the consolidation of Magaon; the net loss narrowed mainly due to significant revenue growth and improved gross margins from product structure optimization[23](index=23&type=chunk) - Net cash flow from operating activities turned negative, primarily because inventory procurement expenses (up **154.95%** YoY) grew faster than sales collections, alongside a **49.17%** increase in employee compensation expenses[24](index=24&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the company's industry, operations, core competencies, and key financial performance during the reporting period [Industry and Main Business Overview](index=10&type=section&id=Industry%20and%20Main%20Business%20Overview) Operating in the integrated circuit design industry, the company focuses on analog chips, with its main business in sensors, signal chains, and power management, serving automotive, general energy, and consumer electronics sectors amidst a global semiconductor market recovery and domestic growth - The company operates in the integrated circuit design industry, specializing in analog and mixed-signal chips, with primary product focuses on sensors, signal chains, and power management[30](index=30&type=chunk)[40](index=40&type=chunk) - The global semiconductor market is experiencing a moderate recovery, with WSTS forecasting the global market size to reach **700.9 billion USD** in 2025; China's analog chip market is projected to grow to **343.1 billion yuan** by 2025[30](index=30&type=chunk)[31](index=31&type=chunk) - The company's downstream markets primarily include automotive electronics, general energy (industrial control, photovoltaics, server power), and consumer electronics; automotive electrification and intelligence trends, along with domestic substitution, present growth opportunities for the company[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk) [Discussion and Analysis of Operations](index=15&type=section&id=Discussion%20and%20Analysis%20of%20Operations) In H1 2025, the company's revenue grew significantly to 1.524 billion yuan, driven by automotive electronics and general energy markets, with R&D investment increasing 51.43% (excluding share-based payments), leading to new product launches and market breakthroughs, while cumulative automotive electronics shipments exceeded 980 million units H1 2025 Downstream Application Revenue Structure | Downstream Application Sector | Revenue Share (%) | Change from Prior Period | | :--- | :--- | :--- | | Automotive Electronics | 34.04% | Slight increase (vs 33.51%) | | General Energy | 52.57% | Relatively flat (vs 52.75%) | | Consumer Electronics | 13.38% | Slight decrease (vs 13.74%) | - R&D investment continued to strengthen, with R&D expenses reaching **361 million yuan** in H1 2025, a **13.18%** YoY increase; excluding share-based payment expenses, R&D expenses grew by **51.43%**, primarily due to an increase in R&D personnel[48](index=48&type=chunk) - Automotive electronics business continued to grow, with shipments reaching **312 million units** during the reporting period and cumulative shipments exceeding **980 million units**, covering multiple systems in new energy vehicles such as electric drive, thermal management, and body control[52](index=52&type=chunk) - The company obtained IATF 16949 supporting site certification and ISO 26262 ASIL-D functional safety certification in the automotive-grade chip sector, signifying its systemic capabilities have reached international standards[56](index=56&type=chunk) [Analysis of Core Competencies](index=19&type=section&id=Analysis%20of%20Core%20Competencies) The company's core competencies span technology R&D, quality control, product breadth, customer resources, and supply chain, featuring extensive core technology, robust quality management (especially for automotive-grade products), a comprehensive product portfolio, strong client relationships in the automotive pre-installation market, and stable supplier partnerships - Technology and R&D advantages: Possessing multiple core technologies in five major areas including sensors, signal chains, power and drive, and third-generation power semiconductors, along with strong capabilities in customized non-standard product development[59](index=59&type=chunk) - Quality control advantages: Established a comprehensive quality management system compliant with automotive-grade requirements, pursuing a "zero defect" quality objective[60](index=60&type=chunk) - Product category advantages: Offering full-link products from signal acquisition to processing and transmission, as well as a product matrix from power supply and drive to power path protection, covering consumer, industrial, and automotive grades[60](index=60&type=chunk) - Customer resource advantages: Recognized by numerous industry-leading benchmark clients, with automotive-grade chips mass-installed in a large number of mainstream vehicle manufacturers/Tier-1 suppliers[61](index=61&type=chunk) - Supply chain advantages: Maintaining long-term stable cooperation with major wafer fabrication and packaging & testing suppliers, and ensuring capacity and cost control through self-built packaging and testing facilities[61](index=61&type=chunk) [Risk Factors](index=29&type=section&id=Risk%20Factors) The company faces risks including continued losses, core competency challenges (e.g., innovation, talent retention, tech leakage), operational and financial vulnerabilities (e.g., outsourcing reliance, inventory impairment, margin volatility), intense industry competition from international leaders, and adverse macroeconomic and trade conditions - Performance loss risk: Net profit remained negative during the reporting period, and there is a risk of continued losses if downstream market demand declines or competition intensifies[79](index=79&type=chunk) - Core competency risks: Including insufficient continuous technological innovation capability, shortage and loss of R&D talent, and leakage of core technologies[80](index=80&type=chunk)[81](index=81&type=chunk) - Operational and financial risks: Including high reliance on outsourced processing and concentrated suppliers, inventory impairment, gross margin fluctuations, and exchange rate volatility[82](index=82&type=chunk)[84](index=84&type=chunk) - Industry and macroeconomic risks: Facing intense competition from international leading enterprises, while macroeconomic fluctuations and international trade frictions may adversely affect the company's operations[85](index=85&type=chunk)[87](index=87&type=chunk) [Analysis of Key Operating Performance](index=32&type=section&id=Analysis%20of%20Key%20Operating%20Performance) During the reporting period, revenue increased by 79.49% driven by automotive electronics, general energy, and Magaon's consolidation; operating costs rose 75.94%, sales expenses increased 28.67%, and financial expenses fluctuated significantly, while operating cash flow turned negative due to increased inventory and payroll, and investing cash flow decreased sharply due to reduced wealth management product purchases Analysis of Major Financial Statement Item Changes | Item | Current Period Amount | Prior Period Amount | Change (%) | | :--- | :--- | :--- | :--- | | **Revenue (billion yuan)** | 1.524 | 0.849 | 79.49% | | **Operating Cost (million yuan)** | 987 | 561 | 75.94% | | **Sales Expenses (million yuan)** | 110 | 85 | 28.67% | | **Financial Expenses (million yuan)** | 8.4728 | -9.2871 | Not applicable | | **R&D Expenses (million yuan)** | 361 | 319 | 13.18% | | **Net Cash Flow from Operating Activities (million yuan)** | -308 | 8.3977 | -3,763.68% | | **Net Cash Flow from Investing Activities (million yuan)** | 13.1814 | 831 | -98.41% | - Regarding assets and liabilities, accounts receivable increased by **47.24%** due to revenue growth, inventory increased by **26.53%** due to increased stocking, and prepayments increased by **163.60%** due to advance payments for goods[92](index=92&type=chunk) [Corporate Governance, Environment, and Society](index=40&type=section&id=Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details changes in the company's governance structure, including key personnel appointments and resignations [Changes in Directors, Supervisors, Senior Management, and Core Technical Personnel](index=40&type=section&id=Changes%20in%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) During the reporting period, the company's board of directors saw changes, with Mr. Yin Yifeng resigning for personal reasons and Ms. Du Linlin elected as a new independent non-executive director - Mr. Yin Yifeng resigned from his positions as director and related committee memberships[105](index=105&type=chunk) - The company elected Ms. Du Linlin as an independent non-executive director for the third board of directors[105](index=105&type=chunk) [Significant Matters](index=42&type=section&id=Significant%20Matters) This section covers the fulfillment of commitments, significant contracts, and the utilization progress of raised funds [Fulfillment of Commitments](index=42&type=section&id=Fulfillment%20of%20Commitments) During the reporting period, the company, its controlling shareholders, shareholders, and related parties strictly fulfilled all commitments made during the initial public offering and equity incentive programs, including share lock-ups, price stabilization, profit distribution, non-competition, and regulated related-party transactions, with no breaches observed - All commitments made by the company and related parties, either during or continuing into the reporting period, were strictly fulfilled[111](index=111&type=chunk) [Significant Contracts and Their Performance](index=61&type=section&id=Significant%20Contracts%20and%20Their%20Performance) During the reporting period, the board approved providing a guarantee of up to 80 million yuan for wholly-owned subsidiary Vision Technology's bank comprehensive credit line to support its operations, though related agreements had not yet been signed by period-end - The company plans to provide a full guarantee of up to **80 million yuan** for its wholly-owned subsidiary Vision Technology to apply for a comprehensive bank credit line[165](index=165&type=chunk) [Progress of Raised Funds Utilization](index=63&type=section&id=Progress%20of%20Raised%20Funds%20Utilization) The company's IPO raised 5.581 billion yuan net, with 5.013 billion yuan (89.82%) cumulatively invested by period-end; over-raised funds totaled 4.831 billion yuan, with 4.300 billion yuan (89.01%) invested, and resolutions passed to manage idle funds and permanently supplement working capital with remaining over-raised funds Overall Utilization of Raised Funds | Item | Amount (yuan) | | :--- | :--- | | **Net Raised Funds** | 5,581,246,573.39 | | **Cumulative Investment by Period-end** | 5,013,057,699.33 | | **Overall Investment Progress** | 89.82% | | **Total Over-raised Funds** | 4,831,246,573.39 | | **Cumulative Over-raised Funds Invested by Period-end** | 4,300,106,133.01 | | **Over-raised Funds Investment Progress** | 89.01% | - In June 2025, the company approved a proposal to permanently supplement working capital with approximately **719 million yuan** of remaining over-raised funds[177](index=177&type=chunk) [Share Changes and Shareholder Information](index=67&type=section&id=Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital and provides an overview of its shareholder structure [Changes in Share Capital](index=67&type=section&id=Changes%20in%20Share%20Capital) During the reporting period, the company's total share capital remained unchanged at 142,528,433 shares, with the primary change being the lifting of lock-up on 49,187,880 shares from the initial public offering on April 22, 2025, converting all restricted shares into unrestricted tradable shares - On April 22, 2025, **49,187,880** shares of the company's initial public offering restricted shares became tradable, resulting in zero restricted shares for the company[179](index=179&type=chunk)[181](index=181&type=chunk) [Shareholder Information](index=69&type=section&id=Shareholder%20Information) As of the reporting period end, the company had 8,026 common shareholders, with the top three being Wang Shengyang (10.87%), Sheng Yun (10.13%), and Suzhou Ruixi Information Consulting Partnership (Limited Partnership) (4.58%), with Wang Shengyang, Sheng Yun, Wang Yifeng, and Ruixi Consulting acting in concert - As of the end of the reporting period, the total number of shareholders was **8,026**[185](index=185&type=chunk) Top Three Shareholders' Shareholding | Shareholder Name | Shares Held at Period-end (shares) | Shareholding Percentage (%) | | :--- | :--- | :--- | | Wang Shengyang | 15,487,920 | 10.87 | | Sheng Yun | 14,432,040 | 10.13 | | Suzhou Ruixi Information Consulting Partnership (Limited Partnership) | 6,526,800 | 4.58 | [Financial Report](index=74&type=section&id=Financial%20Report) This section presents the company's financial statements, significant accounting policies, and detailed notes to consolidated financial items [Financial Statements](index=74&type=section&id=Financial%20Statements) This report includes unaudited consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in equity, reflecting the company's H1 2025 financial position and operating results, with key data showing significant revenue growth, narrowed net loss, but negative operating cash flow [Significant Accounting Policies and Estimates](index=92&type=section&id=Significant%20Accounting%20Policies%20and%20Estimates) The company's financial statements are prepared on a going concern basis, adhering to enterprise accounting standards, with this section detailing specific accounting policies and key estimates for consolidation, financial instruments, revenue recognition, R&D expenses, and government grants, noting no significant changes during the period [Notes to Consolidated Financial Statement Items](index=117&type=section&id=Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed explanations and data breakdowns for key items in the consolidated financial statements, including cash, accounts receivable, inventory, fixed assets, goodwill, borrowings, accounts payable, revenue and cost composition, expense details, share-based payments, and related-party transactions

纳芯微公告，2025年上半年营业收入15.24亿元，同比增长79.49%。归属于上市公司股东的净亏损7801 万元，上年同期净亏损2.65亿元。 ...

Company Overview - Naxin Micro was established in 2013 and went public on the Sci-Tech Innovation Board in 2022 (688052.SH). The company submitted an application for H-share listing on the Hong Kong Stock Exchange in April 2025, aiming to raise funds for underlying technology upgrades, production line expansion, overseas sales network construction, and strategic investments, particularly in sensor companies [1]. - The company has developed automotive-grade chips that have been mass-produced for major manufacturers such as Dongfeng Motor, SAIC Maxus, BYD, and others, and has entered the supply chains of SAIC Volkswagen, FAW Group, and CATL [3]. Shareholder Information - As of the end of 2024, major shareholders include Wang Shengyang (10.86%) and Sheng Yun (10.12%), collectively holding 21% through a concerted action agreement. Notable pre-IPO shareholders include Xiaomi Changjiang, Shenzhen Capital Group, and a Middle Eastern sovereign fund. By Q1 2025, the top ten circulating shareholders included the National Social Security Fund and Hong Kong Central Clearing Limited [4]. Product and Operational Model - Naxin Micro's product range covers sensors, signal chains, and power management, with over 3,300 product models. Automotive-grade chips account for 36.88% of total sales, with products entering the supply chains of leading companies like BYD and NIO [5][6]. - The company operates on a fabless model, outsourcing wafer manufacturing to SMIC and TSMC, while packaging and testing are handled by Jiangsu Changjiang Electronics Technology Co. The sales model combines direct sales (40%) and distribution (60%), with major clients contributing 36.9% of revenue [6]. Financial Performance - Naxin Micro reported revenues of RMB 1.67 billion, RMB 1.31 billion, and RMB 1.96 billion for 2022, 2023, and 2024, respectively, with a 49.5% year-on-year growth in 2024. Q1 2025 revenue reached RMB 717 million, a 97.82% increase year-on-year, driven by growth in automotive electronics and recovery in consumer electronics and energy sectors [8][11]. - The company has experienced consecutive losses over the past two years, with net profits of RMB 250 million, -RMB 305 million, and -RMB 403 million for 2022, 2023, and 2024, respectively. R&D expenses accounted for 27.55% of revenue in 2024 [13]. Industry Competition Landscape - The global analog chip market is dominated by international giants such as Texas Instruments, ADI, and Infineon, which hold over 60% of the market share. A price war has emerged due to U.S. government subsidies allowing American companies to export chips to China at lower prices, impacting domestic manufacturers [17]. - Naxin Micro is positioned to benefit from a projected increase in domestic substitution rates in the automotive analog chip market, expected to rise from 5% to 20% by 2029 [18]. Competitive Advantages - Naxin Micro invests heavily in R&D, with 55% of its workforce dedicated to this area and a significant number of patents filed. The company has achieved a leading position in several segments, including automotive-grade chips and digital isolation chips [21][22]. - The company has established strong customer relationships, with a lengthy product development cycle that enhances customer stickiness. Major clients include BYD and NIO, with significant revenue contributions from these partnerships [23]. Future Outlook - Naxin Micro plans to expand into emerging fields such as eVTOL and humanoid robotics, and aims to acquire SiC manufacturers to enhance its ecosystem. The company targets a gross margin recovery to over 35% by 2025 through process iterations and scale procurement [35]. - The company is also focusing on increasing its overseas revenue share, which was 15.58% in 2024, with plans to reach 20% within three years. Collaborations with international partners are underway to enhance market penetration [36][37].

Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board 100 Index (000698) has seen a strong increase of 3.12% as of August 15, 2025, with notable gains in constituent stocks such as Jiewa Technology (688141) up by 18.99% and Shengke Communication (688702) up by 13.74% [3] Group 1: ETF Performance - The Huaxia Sci-Tech 100 ETF (588800) rose by 2.93%, with a latest price of 1.16 yuan [3] - Over the past week, the Huaxia Sci-Tech 100 ETF has accumulated a rise of 2.55% [3] - The ETF recorded a turnover rate of 6.31% during the trading session, with a transaction volume of 210 million yuan [3] - The latest scale of the Huaxia Sci-Tech 100 ETF reached 3.272 billion yuan, marking a recent one-month high [3] Group 2: Fund Flows - The latest net inflow into the Huaxia Sci-Tech 100 ETF was 59.42 million yuan, with four out of the last five trading days showing net inflows totaling 181 million yuan, averaging 36.16 million yuan per day [3] - The latest margin buying amount for the ETF reached 8.6251 million yuan, with a margin balance of 53.4637 million yuan [3] Group 3: Fee Structure and Tracking Accuracy - The management fee for the Huaxia Sci-Tech 100 ETF is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [4] - As of August 14, 2025, the tracking error for the Huaxia Sci-Tech 100 ETF over the past year was 0.028%, indicating high tracking precision compared to similar funds [4] Group 4: Index Composition - The Sci-Tech Innovation Board 100 Index comprises 100 securities selected from the Sci-Tech Innovation Board based on market capitalization and liquidity [4] - As of July 31, 2025, the top ten weighted stocks in the index accounted for 23.52% of the total index weight, including stocks like BGI Genomics (688166) and BeiGene (688235) [4][6]

Market Performance - Major A-share indices collectively rose, with the Shanghai Composite Index achieving a seven-day winning streak and reaching a new high for the year, closing up 0.50% [1] - The Shenzhen Component Index increased by 0.53%, the ChiNext Index rose by 1.24%, and the STAR 50 Index gained 1.91% [1] - The trading volume in the Shanghai and Shenzhen markets approached 1.9 trillion yuan, showing a slight increase compared to the previous day [1] Sector Performance - The Kweichow Moutai ETF (588810) led the gains with an increase of 4.37%, while several other technology-related ETFs also saw gains exceeding 3% [2] - The semiconductor sector is highlighted, with companies like 澜起, 豪威, and 海光 reporting strong performance driven by AI demand and domestic substitution, showing revenue and net profit growth year-on-year [2] - The global semiconductor market reached a size of $346 billion in the first half of 2025, reflecting an 18.9% year-on-year growth, indicating strong industry momentum [2] ETF Activity - The Silver Hua ETF (511880) recorded the highest trading volume at 19 billion yuan, with other ETFs like the Hong Kong Securities ETF (513090) and Short-term Bond ETF (511360) also exceeding 10 billion yuan in trading volume [5] - The turnover rate for the 5-Year Local Bond ETF (511060) was the highest at 127.94%, followed by the China-Korea Semiconductor ETF (513310) and the Hang Seng Innovation Drug ETF [5] New ETF Launches - A new product, the Huatai-PineBridge General Aviation ETF (563320), will start fundraising, tracking the China General Aviation Theme Index, which includes 50 companies in the aviation materials and manufacturing sectors [6] - The China A50 Enhanced ETF by E Fund will be listed tomorrow, combining passive index tracking with active management strategies to seek excess returns while maintaining the advantages of traditional ETFs [7]

机构数据显示，截至9月14日，今年以来A股市场IPO首发数量较去年前三季度有所减少，但首发募 资金额增加了近两成，电子、通信、医药生物板块IPO募资金额居前。随着资本市场改革推进，A股发 行市场化程度不断提升，新股上市表现持续分化。 新股上市表现分化 在IPO募资金额同比上升的同时，受定价机制变化、市场环境等多重因素影响，新股上市后的表现 出现一定差异，但整体表现较好。不过，仍有部分新股在募资阶段便遭到投资者大额弃购。业内人士表 示，从新股发行市场来看，随着资本市场改革持续推进，发行市场化程度不断提升，新股上市表现分化 也将凸显。 年内IPO募资超4400亿元 尽管前三季度A股IPO首发数量同比减少，但募资金额明显增长。据Wind统计，以上市日作为统计 标准，截至9月14日，今年以来IPO企业首发家数共274家，首发募集资金4439.18亿元。根据德勤中国此 前预计，以截至2022年9月30日的融资金额计算，前三季度A股市场将会有285只新股成功发行，合计融 资4641亿元，与2021年三季度末的372只新股、合计融资3698亿元相比，今年前三季度IPO数量同比减 少23%，但融资额上升了26%。 值得注意的 ...

智通财经APP获悉，华安证券发布研报称，德州仪器将在8月启动新一波涨价，幅度超过6月，若特定料 号TI涨价幅度较大，且国产模拟芯片厂商愿意维持价格(不跟进TI涨价)或进一步降价，则在一段时间验 证后的新品量产中也可进行国产替代，TI目前涨价将使得公司保障其现有财务表现但牺牲产品份额。该 行认为国产模拟芯片厂商将有更多机会实现在工业和汽车应用领域，以及高端消费领域的国产替代。 模拟芯片领域相关公司包括：思瑞浦(688536.SH)、杰华特(688141.SH)、圣邦股份(300661.SZ)、纳芯微 (688052.SH)、艾为电子(688798.SH)、希荻微(688173.SH)、必易微(688045.SH)、南芯科技(688484.SH) 等。 华安证券主要观点如下： 德州仪器料号涨价，幅度或将超过6月 根据国际电子商情综合报道，TI将在8月启动新一波涨价，幅度超过6月，重点涉及工控类、车载类、以 及算力相关芯片产品，覆盖LDO(低压差线性稳压器)、DC-DC(直流-直流转换器)、数字隔离、隔离驱动 等品类。而且调价范围不仅涉及终端客户，还覆盖了除超级大客户外的几乎所有客户群体，且价格上调 将通过代理商传 ...

金融界消息 截至2025年8月11日收盘，纳芯微（688052）报收于172.2元，上涨0.09%，换手率1.06%， 成交量1.52万手，成交金额2.63亿元。 天眼查商业履历信息显示，苏州纳芯微电子股份有限公司，成立于2013年，位于苏州市，是一家以从事 软件和信息技术服务业为主的企业。企业注册资本14252.8433万人民币，实缴资本600万人民币。公司 法定代表人为王升杨。 通过天眼查大数据分析，苏州纳芯微电子股份有限公司共对外投资了11家企业，参与招投标项目51次， 知识产权方面有商标信息35条，专利信息243条，此外企业还拥有行政许可16个。 来源：金融界 资金流向方面，今日主力资金净流出1414.59万元，占比成交额5.38%。其中，超大单净流出133.21万 元、占成交额0.51%，大单净流出1281.38万元、占成交额4.87%，中单净流出流出1377.35万元、占成交 额5.24%，小单净流入2791.95万元、占成交额10.61%。 纳芯微最新一期业绩显示，截至2025一季报，公司营业总收入7.17亿元、同比增长97.82%，归属净利润 5133.83万元，同比增长65.78%，扣非净利 ...

Core Viewpoint - Texas Instruments (TI) is set to initiate a new round of price increases in August, exceeding the increases seen in June, focusing on industrial control, automotive, and computing-related chip products [1][2] Summary by Category Price Increase Details - The price increase will affect a wide range of products including LDOs, DC-DC converters, digital isolators, and isolation drivers, impacting nearly all customer groups except for major clients [2][3] - Over 40% of industrial control chips will see price hikes, with a notable example being the price of a 16-bit ADC chip rising from $3.2 to $4.1, representing an increase of approximately 28% [1][2] Sector-Specific Changes - In the automotive sector, BMS isolation chips for electric vehicles will increase by 22%, while power management ICs for in-car entertainment will rise by 18%-25% [2] - Consumer electronics and general communication devices will experience more moderate price increases, with power management and RF front-end chips seeing rises of 5%-15% [2] Structural Differences in Price Changes - Approximately 9% of the affected part numbers will see price increases of 100% or more, primarily for discontinued or low-margin products [3] - 55% of part numbers will have price increases between 15%-30%, while 30% will see increases of less than 15% [3] - Signal chain products, particularly ADCs and operational amplifiers, are highlighted as key areas for price increases, with some models exceeding 100% [3] Market Dynamics and Opportunities - The current geopolitical climate is shifting the focus towards domestic alternatives in the analog chip market, providing more opportunities for local manufacturers [3][4] - TI's differentiated pricing strategy aims to strengthen its position in high-margin markets like industrial and automotive sectors, while adopting a more moderate approach in consumer electronics, indicating TI's current market power in specific product areas [3][4] Implications for Domestic Manufacturers - The price increases by TI may lead to opportunities for domestic analog chip manufacturers to replace TI products in various sectors, especially if they maintain competitive pricing [4] - The shorter product cycle in consumer electronics compared to industrial and automotive applications may facilitate quicker adoption of domestic alternatives [4] Related Companies - Companies involved in the analog chip sector include Sirepu, Jiewate, Shengbang, Naxinwei, Aiwei Electronics, Xidiwei, Biyimei, and Nanchip Technology [5]