Company Overview - Shanghai Fuhang Microelectronics Co., Ltd. is located at 717 Yishan Road, Xuhui District, Shanghai, established on April 16, 2004, and listed on February 20, 2017 [2] - The company specializes in the research and sales of digital signal processing chips and provides professional technical services [2] - The main business revenue composition is 96.84% from product sales and 3.16% from service provision [2] Stock Performance - As of September 22, the stock price increased by 2.13% to 50.87 CNY per share, with a trading volume of 85.27 million CNY and a turnover rate of 0.77%, resulting in a total market capitalization of 11.82 billion CNY [1] - Year-to-date, the stock price has decreased by 12.87%, with a 0.73% increase over the last five trading days, an 8.97% decrease over the last 20 days, and a 4.07% increase over the last 60 days [2] Financial Performance - For the first half of 2025, the company achieved a revenue of 688 million CNY, a year-on-year decrease of 14.04%, and a net profit attributable to shareholders of 23.02 million CNY, down 78.10% year-on-year [2] - Since its A-share listing, the company has distributed a total of 178 million CNY in dividends, with 96.47 million CNY distributed over the past three years [3] Shareholder Information - As of July 31, the number of shareholders is 38,100, a decrease of 2.05% from the previous period, with an average of 5,749 circulating shares per person, an increase of 2.10% [2] - As of June 30, 2025, Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, holding 2.29 million shares, an increase of 831,600 shares from the previous period [3] Capital Flow - On September 22, the net inflow of main funds was 2.89 million CNY, with large orders accounting for 23.20% of purchases and 21.21% of sales [1]

Core Viewpoint - Beijing Junzheng's stock price has shown a positive trend with a year-to-date increase of 7.27%, reflecting strong market interest and performance in the semiconductor sector [1][2]. Financial Performance - For the first half of 2025, Beijing Junzheng reported revenue of 2.249 billion yuan, representing a year-on-year growth of 6.75%, and a net profit attributable to shareholders of 203 million yuan, up 2.85% year-on-year [2]. - Cumulatively, since its A-share listing, the company has distributed a total of 439 million yuan in dividends, with 183 million yuan distributed over the past three years [3]. Shareholder Structure - As of August 20, 2025, the number of shareholders increased to 93,400, a rise of 5.68%, while the average number of tradable shares per shareholder decreased by 5.38% to 4,502 shares [2]. - The top ten circulating shareholders include notable entities such as E Fund's ChiNext ETF and Hong Kong Central Clearing Limited, with varying changes in their holdings [3]. Market Activity - On September 11, 2025, Beijing Junzheng's stock price rose by 2.03% to 73.05 yuan per share, with a trading volume of 437 million yuan and a turnover rate of 1.44% [1]. - The stock has experienced a 2.43% increase over the last five trading days, a 6.02% increase over the last 20 days, and an 11.53% increase over the last 60 days [1]. Business Overview - Beijing Junzheng, established on July 15, 2005, specializes in the research and sales of microprocessor chips, smart video chips, storage chips, and analog chips, with a revenue composition of 61.56% from storage chips, 26.87% from computing chips, and 10.84% from analog and interconnect chips [1]. - The company operates within the electronic semiconductor industry, focusing on digital chip design and is associated with concepts such as ultra-high definition, artificial intelligence, and storage [1].