Core Viewpoint - Shengbang Microelectronics has submitted its main board listing application to the Hong Kong Stock Exchange, showcasing significant growth potential in the analog integrated circuit industry, with a projected revenue compound annual growth rate (CAGR) of 26.2% from 2014 to 2024, significantly outpacing the industry average of 9.7% [1] Group 1: Company Overview - Shengbang Microelectronics specializes in signal chain and power management products, offering approximately 6,600 types of analog ICs and sensors across 36 categories, including amplifiers, data converters, DC/DC converters, LDOs, battery management, and temperature/magnetic sensors [1] - The company has maintained a high frequency of innovation, launching around 2,800 new products during the reporting period, including several domestic firsts such as a 60nA ultra-low static current synchronous buck converter and a 1.6nV/√Hz ultra-low noise operational amplifier [1] Group 2: Financial Performance - For the fiscal years 2022 to 2024 and the first half of 2025, Shengbang Microelectronics reported revenues of 3.188 billion yuan, 2.616 billion yuan, 3.347 billion yuan, and 1.819 billion yuan respectively, with adjusted net profits of 963 million yuan, 389 million yuan, 576 million yuan, and 245 million yuan [1] - The company has maintained a gross margin of over 45%, indicating stable profitability [1] Group 3: Fundraising Purpose - The funds raised from the Hong Kong listing will be used for the research and development of high-voltage, high-current, automotive-grade, and ultra-low-power analog chips, as well as to expand the system laboratory and reliability testing platform, upgrade the supply chain digital system, and explore overseas markets [2]

9月29日，帝奥微发布公告，公司正在筹划以发行股份及支付现金的方式购买荣湃半导体(上海)有限公 司股权。为避免对公司股价造成重大影响，公司股票自2025年9月29日开市起停牌，并将于2025年9月30 日开市起继续停牌，预计停牌累计时间不超过10个交易日。 帝奥微专注于高性能模拟芯片的研发设计，核心产品涵盖信号链与电源管理两大系列，广泛应用于汽车 电子、人形机器人、消费电子等关键领域。今年上半年，公司实现营业收入3.06亿元，较上年同期增加 15.11%；上半年整体毛利率为45.49%。 荣湃半导体成立于2017年，专注于高性能、高品质模拟芯片的设计与研发，致力于成为全球技术领先的 高性能模拟集成电路产品供应商，产品包括数字隔离器、驱动（Si/SiC MOSFET、IGBT）、接口 （CAN、RS485、I2C）、采样（放大器、ADC）等，广泛应用于电动汽车、工业控制、能源电源、消 费电子等领域，产品性能和品质对标世界一流模拟集成电路厂商同类产品，部分关键性能指标有所超 越。 荣湃半导体技术团队汇集了众多国内外模拟芯片领域精英，拥有先进的模拟集成电路设计、工艺、测试 技术等经验。据了解，荣湃半导体所有研发均为 ...

证券研究报告 | 公司动态点评 2025 年 09 月 17 日 圣邦股份（300661.SZ） 25H1 业绩同比稳健增长，产品优势巩固领先地位 | 财务指标 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 2,616 | 3,347 | 4,082 | 5,152 | 6,451 | | 增长率 yoy（%） | -17.9 | 28.0 | 22.0 | 26.2 | 25.2 | | 归母净利润（百万元） | 281 | 500 | 652 | 873 | 1,101 | | 增长率 yoy（%） | -67.9 | 78.2 | 30.3 | 33.9 | 26.1 | | ROE（%） | 7.0 | 10.7 | 12.4 | 14.6 | 15.9 | | EPS 最新摊薄（元） | 0.45 | 0.81 | 1.05 | 1.41 | 1.78 | | P/E（倍） | 183.3 | 102.9 | 79.0 | 59.0 | 46.7 | | P/ ...