惠升惠诚稳健一年持有期混合A（013726）成立日期2021年11月30日，最新规模7598.28万。今年以来收 益4.92%，同类排名6464/8209；近一年收益6.66%，同类排名5846/8129；成立以来收益4.13%。 11月24日，思瑞浦涨5%，截至发稿，报148.05元/股，成交4.13亿元，换手率2.19%，总市值204.02亿 元。 资料显示，思瑞浦微电子科技(苏州)股份有限公司位于中国(上海)自由贸易试验区张东路1761号2幢第二 层、第三层、第四层，成立日期2012年4月23日，上市日期2020年9月21日，公司主营业务涉及模拟集成 电路产品研发和销售。主营业务收入构成为：信号链类模拟芯片67.70%，电源类模拟芯片32.25%，其 他0.05%。 从基金十大重仓股角度 数据显示，惠升基金旗下1只基金重仓思瑞浦。惠升惠诚稳健一年持有期混合A（013726）三季度持有 股数7593股，占基金净值比例为1.65%，位居第五大重仓股。根据测算，今日浮盈赚取约5.35万元。 惠升惠诚稳健一年持有期混合A（013726）基金经理为陈桥宁。 截至发稿，陈桥宁累计任职时间14年250天，现任基金资产 ...

Group 1 - The core point of the news is that Si Rui Pu Microelectronics Technology Co., Ltd. has seen a stock price increase of 5%, reaching 148.05 CNY per share, with a total market capitalization of 20.402 billion CNY [1] - The company specializes in the research and sales of analog integrated circuit products, with its main revenue sources being signal chain analog chips (67.70%) and power analog chips (32.25%) [1] - The trading volume for the stock was 413 million CNY, with a turnover rate of 2.19% [1] Group 2 - Southern Fund has a significant holding in Si Rui Pu, with the Southern SSE Sci-Tech Innovation Board Comprehensive ETF Link A (023731) ranking as the fourth largest holding [2] - The fund has a total asset size of 976.034 million CNY and has achieved a return of 27.44% since its inception [2] - The fund manager, Yang Kaining, has a tenure of 1 year and 21 days, with a best return of 59.59% during his management period [3]

Group 1 - The China Securities Regulatory Commission (CSRC) has published supplementary material requirements for overseas listing applications, specifically requesting Saintbond Technology to clarify its technology export business over the past three years and its compliance status [1] - Saintbond Technology has submitted its listing application to the Hong Kong Stock Exchange, with Huatai International and CICC acting as joint sponsors [1] - The CSRC requires that the listing materials and prospectus be consistent regarding the issuance plan, including details on the number of shares issued under the overallotment option and the expected fundraising amount [1] Group 2 - Saintbond Technology is a comprehensive analog integrated circuit (IC) company that develops and sells high-performance analog ICs and sensors, which are fundamental components of all electronic systems [2] - As of September 21, 2025, the company has approximately 6,600 types of analog ICs and sensors across 36 product categories [2]

Group 1 - The core point of the news is that Jiewate's stock has been declining for eight consecutive days, with a total drop of 18.25%, currently priced at 45.56 CNY per share and a market capitalization of 20.517 billion CNY [1] - Jiewate Microelectronics Co., Ltd. specializes in the research and sales of analog integrated circuits, with its main revenue coming from power management chips, accounting for 93.09% of total revenue [1] - The company was established on March 18, 2013, and went public on December 23, 2022, located in Hangzhou, Zhejiang Province [1] Group 2 - According to data, the fund "Zhaoshang Jin'an Growth Selected Mixed Fund" holds 750,500 shares of Jiewate, representing 3.44% of the fund's net value, making it the fourth-largest holding [2] - The fund has incurred a floating loss of approximately 763.3 thousand CNY during the eight-day decline [2] - The fund was established on June 10, 2021, with a current scale of 1.267 billion CNY and has achieved a year-to-date return of 21.07% [2]

Core Viewpoint - The stock price of Xidi Micro has been declining for four consecutive days, with a total drop of 8.27% during this period, currently trading at 15.08 CNY per share, with a market capitalization of 6.198 billion CNY [1] Company Overview - Xidi Microelectronics Group Co., Ltd. is a leading semiconductor and integrated circuit design company in China, established on September 11, 2012, and listed on January 21, 2022 [1] - The company specializes in the research, design, and sales of analog integrated circuit products, including power management chips and signal chain chips, with applications in mobile phones, laptops, and wearable devices [1] Fund Holdings - Penghua Fund has a significant holding in Xidi Micro, with the Penghua Smart Investment Digital Economy Mixed A Fund (020086) holding 39,400 shares, representing 0.59% of the fund's net value, making it the sixth-largest holding [2] - The fund has experienced a floating loss of approximately 47,252.4 CNY today, with a total floating loss of 53,600 CNY during the four-day decline [2] Fund Manager Performance - The fund manager of Penghua Smart Investment Digital Economy Mixed A Fund is Su Junjie, who has been in the position for 7 years and 281 days, managing assets totaling 24.924 billion CNY [3] - Under his management, the fund has achieved a best return of 84.19% and a worst return of -21.6% [3]

Group 1 - The core point of the news is the performance and financial metrics of Suzhou Naxin Microelectronics Co., Ltd., which experienced a 5.02% decline in stock price, reaching 163.43 CNY per share, with a total market capitalization of 23.293 billion CNY [1] - The company focuses on the research and sales of high-performance and high-reliability analog integrated circuits, with revenue composition as follows: signal chain products 38.45%, power management products 34.09%, sensor products 27.11%, and others 0.35% [1] Group 2 - From the perspective of fund holdings, HSBC Jintrust Fund has a significant position in Naxin Micro, with its fund HSBC Jintrust Pearl River Delta Mixed Fund (004351) holding 27,000 shares, accounting for 3.59% of the fund's net value, ranking as the sixth-largest holding [2] - The fund has reported a floating loss of approximately 233,000 CNY as of the latest data [2] - The HSBC Jintrust Pearl River Delta Mixed Fund was established on June 2, 2017, with a current scale of 151 million CNY, and has achieved a year-to-date return of 45.35%, ranking 1365 out of 8223 in its category [2]

Group 1 - The core point of the news is the performance and financial metrics of SiRuPu Microelectronics Technology Co., Ltd., which saw a stock price increase of 5.08% to 169.15 CNY per share, with a total market capitalization of 22.945 billion CNY [1] - SiRuPu's main business involves the research and sales of analog integrated circuit products, with revenue composition being 67.70% from signal chain analog chips and 32.25% from power analog chips [1] - The company was established on April 23, 2012, and went public on September 21, 2020, located in the Shanghai Free Trade Zone [1] Group 2 - Among the top shareholders of SiRuPu, the Jiashi Fund's ETF (588200) increased its holdings by 205,800 shares, bringing its total to 2,204,300 shares, which represents 1.66% of the circulating shares [2] - The Jiashi ETF has a current scale of 27.806 billion CNY and has achieved a year-to-date return of 68.24%, ranking 172 out of 4,220 in its category [2] - The ETF has delivered a one-year return of 85.46%, ranking 35 out of 3,855, and a cumulative return of 146.96% since its inception on September 30, 2022 [2]

Company Overview - Shengbang Co., Ltd. (300661) has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International and China International Capital Corporation (CICC) as joint sponsors [1] - The company is a comprehensive analog integrated circuit (IC) firm, offering approximately 6,600 types of analog ICs and sensor products across 36 product categories [1] - The product portfolio is divided into two main areas: signal chain integrated circuits and power management integrated circuits [1] Industry Insights - The products are widely used in various sectors, including industrial, networking, consumer electronics, electric vehicles, data centers, robotics, renewable energy, and next-generation consumer devices [1] - The company employs a "Fabless+" operational model, focusing on circuit design, system innovation, and differentiated analog processes [1] - The Chinese analog integrated circuit market is expected to continue its growth, projected to reach 334.6 billion RMB by 2029 [1]

Core Viewpoint - Shengbang Microelectronics (Beijing) Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International and CICC as joint sponsors. The company is already listed on the Shenzhen Stock Exchange [1]. Company Overview - Shengbang Microelectronics is a comprehensive analog integrated circuit (IC) company that develops and sells high-performance analog ICs and sensors, which are fundamental building blocks for all electronic systems. As of September 21, 2025, the company has approximately 6,600 types of analog ICs, offering a wide range of differentiated general-purpose and application-specific optimized analog products, covering signal chain and power management [3]. Product and Market Position - The signal chain ICs are designed to electronically capture, condition, amplify, and convert real-world signals into digital signals with high fidelity, ensuring end-to-end data integrity crucial for precision-driven applications [3]. - Power management ICs are essential for regulating, converting, distributing, and protecting power flow within electronic systems, ensuring stable and efficient operation [3]. - The company's products are core components in various end markets, including industrial, networking, and consumer electronics, and are advancing in applications such as electric vehicles (EVs), data centers, robotics, renewable energy, and next-generation consumer devices [3]. Business Model - The company operates under a "Fabless+" model, integrating its proprietary process technology into a standard Fabless model, allowing it to focus resources on circuit design, system innovation, and differentiated analog processes while avoiding significant capital expenditures associated with semiconductor manufacturing facilities [4]. Market Growth - The analog IC market in China is characterized by a fragmented market structure with many participants. According to Frost & Sullivan, the market size is projected to grow from RMB 121.1 billion in 2020 to RMB 195.3 billion in 2024, with a compound annual growth rate (CAGR) of 11.0% expected from 2025 to 2029, reaching RMB 334.6 billion by 2029 [4]. Financial Performance - The company reported revenues of approximately RMB 3.188 billion, RMB 2.616 billion, RMB 3.347 billion, and RMB 1.819 billion for the six months ending June 30 in 2022, 2023, 2024, and 2025, respectively. Corresponding profits for the same periods were approximately RMB 858 million, RMB 270 million, RMB 491 million, and RMB 194 million [4][7].

Core Viewpoint - 圣邦微电子 has submitted an application for a mainboard listing on the Hong Kong Stock Exchange, aiming to leverage its leadership in the analog integrated circuit market and expand its product offerings and market reach [1] Group 1: Company Overview - 圣邦微电子 is a leading comprehensive analog integrated circuit (IC) company, specializing in the research and sales of high-performance analog ICs and sensors [1] - The company has developed a broad product portfolio since its establishment in 2007, with approximately 6,600 analog IC and sensor products across 36 categories [1] - Its products are essential components in various end markets, including industrial, networking, consumer electronics, electric vehicles (EVs), data centers, robotics, renewable energy, and next-generation consumer devices [1] Group 2: Product Offerings - The company offers a wide range of differentiated general-purpose and application-specific optimized analog products, focusing on signal chain and power management [2] - Signal chain ICs are designed to electronically capture, condition, amplify, and convert real-world signals with high fidelity, ensuring end-to-end data integrity for precision-driven applications [2] - Power management ICs are crucial for regulating, converting, distributing, and protecting power flow within electronic systems, ensuring stable and efficient operation [2] Group 3: Financial Performance - From 2014 to 2024, the company's revenue is projected to grow at a compound annual growth rate (CAGR) of 26.2%, significantly outpacing the 9.7% CAGR of the Chinese analog IC market [3] - Revenue figures for the years 2022, 2023, and 2024 are reported as RMB 3.1876 billion, RMB 2.6157 billion, and RMB 3.3470 billion, respectively [3] - The company has maintained sustainable profitability, with gross margins of 52.9%, 44.9%, and 47.2% for the respective years [3] Group 4: Customer and Supplier Relationships - Major customers include distributors and direct sales clients, with the top five customers generating revenues of RMB 1.4513 billion, RMB 0.9742 billion, and RMB 1.1900 billion in 2022, 2023, and 2024, respectively [3] - The top five customers accounted for 45.5%, 37.3%, and 35.6% of total revenue during these years [3] - The company sources from major suppliers, with procurement amounts from the top five suppliers being RMB 1.6915 billion, RMB 1.5175 billion, and RMB 1.9196 billion for the same years, representing over 90% of total procurement [4] Group 5: Future Plans - The funds raised from the listing are intended for enhancing R&D capabilities, expanding the product portfolio, strategic investments or acquisitions, and expanding overseas sales networks, particularly in Europe, Japan, South Korea, and Singapore [4]