（文章来源：证券日报） 公告显示，该产品填补了国内外同类型产品的空白，达到国际领先技术水平。它具有高集成度、高性 能、高可靠性的特点，支持KU波段射频直采，可广泛用于雷达、商业卫星、电子对抗、无线通信、高 端仪器仪表、无人机等多个领域，未来应用前景广阔。目前该款芯片已向部分客户进行送样并已有意向 订单。 据悉，HWD12B40GA4型4通道12位40G高速高精度射频直采ADC的成功发布，巩固了成都华微在高速 高精度ADC领域的领先地位，同时拓展了产品谱系，拓宽了市场空间。未来，公司将继续开展技术突 破，以满足客户需求为宗旨，推动国内高速高精度模数转换器领域的发展。 本报讯 （记者舒娅疆）9月2日，成都华微电子科技股份有限公司（以下简称"成都华微"）披露公告 称，公司研发的4通道1240G高速高精度射频直采ADC（模数转换器）于近日成功发布。 ...

Core Viewpoint - Chengdu Huawi has successfully launched a new 4-channel, 12-bit, 40G high-speed high-precision RF direct sampling ADC chip, marking a significant technological breakthrough and filling a gap in both domestic and international markets [2][3]. Group 1: Product Features and Innovations - The HWD12B40GA4 ADC chip supports configurable sampling rates of 24-40 GSPS in 4-channel mode and 48-80 GSPS in dual-channel mode, with an input analog bandwidth of up to 19 GHz [3]. - The chip features a low noise spectral density of -152 dBFs/Hz and a spurious-free dynamic range exceeding 54 dB at an input frequency of 18 GHz [3]. - It employs a fully autonomous design with complete intellectual property rights, having achieved breakthroughs in key technologies such as multi-channel RF direct sampling ADC architecture and high linearity dynamic amplifiers [3][4]. Group 2: Market Potential and Applications - The chip is designed for applications in radar, commercial satellites, electronic countermeasures, wireless communications, high-end instruments, and drones, indicating a broad future application landscape [3][4]. - The company has already sent samples to some customers and received initial orders, reflecting strong market interest [4]. Group 3: Company Performance and Financials - In the first half of 2025, Chengdu Huawi reported revenue of 355 million yuan, a year-on-year increase of 26.93%, but a net profit decline of 51.26% to 35.72 million yuan [6]. - The decline in net profit is attributed to intensified industry competition, reduced product prices, and increased R&D investments, which have led to higher operating expenses [6]. - The company experienced a significant drop in net cash flow from operating activities, from -141.46 million yuan to -270 million yuan, due to increased orders and cash payments for procurement and outsourcing [6].

Core Viewpoint - Chengdu Huami (688709.SH) has successfully launched its HWD12B40GA4 model, a 4-channel, 12-bit, 40GSPS high-speed and high-precision RF direct sampling ADC, marking a significant technological breakthrough for the company [1] Group 1: Product Development - The HWD12B40GA4 ADC chip features a 4-channel design, 12-bit resolution, and a sampling rate of 40GSPS, enhancing the existing multi-channel high-speed ADC technology [1] - This chip fills a gap in both domestic and international markets for similar products, achieving internationally leading technical standards [1] - The chip supports KU band RF direct sampling and is applicable in various fields such as radar, commercial satellites, electronic countermeasures, wireless communication, high-end instruments, and drones, indicating a broad future application prospect [1] Group 2: Market Position and Future Plans - The successful launch of the HWD12B40GA4 ADC consolidates the company's leading position in the high-speed and high-precision ADC sector while expanding its product range and market space [1] - The company plans to continue pursuing technological breakthroughs to meet customer demands and promote the development of the domestic high-speed high-precision ADC industry [1]

Core Viewpoint - Chengdu Huawi (688709.SH) has successfully launched its HWD12B40GA4 model, a 4-channel, 12-bit, 40GSPS high-speed and high-precision RF direct sampling ADC, marking a significant technological breakthrough for the company [1] Group 1: Product Development - The HWD12B40GA4 ADC chip features a 4-channel design, 12-bit resolution, and a sampling rate of 40GSPS, enhancing the existing multi-channel high-speed ADC technology [1] - This chip fills a gap in both domestic and international markets for similar products, achieving internationally leading technical standards [1] - The chip is characterized by high integration, high performance, and high reliability, supporting KU band RF direct sampling [1] Group 2: Market Applications - The HWD12B40GA4 ADC can be widely used in various fields, including radar, commercial satellites, electronic countermeasures, wireless communications, high-end instruments, and drones, indicating a broad future application prospect [1] - The company has already sent samples of the chip to some customers and received intention orders, suggesting strong market interest [1] Group 3: Strategic Positioning - The successful launch of the HWD12B40GA4 consolidates the company's leading position in the high-speed and high-precision ADC sector while expanding its product range and market space [1] - The company aims to continue technological breakthroughs to meet customer demands and promote the development of the domestic high-speed high-precision ADC field [1]

Product Overview - The company has developed the HWD12B40GA4 model ADC chip, which is a 4-channel, 12-bit, 40GSPS high-speed and high-precision RF direct sampling ADC, representing a significant technological breakthrough [1] - This chip enhances sampling rate and bandwidth compared to existing products, filling a gap in both domestic and international markets, and achieving international leading technology levels [1] Technical Specifications - The chip supports configurable sampling rates of 24-40GSPS in 4-channel mode and 48-80GSPS in dual-channel mode, with an input analog bandwidth of up to 19GHz and a noise spectral density as low as -152dBFs/Hz [2] - It features a high spurious-free dynamic range of up to 18GHz in the Ku band, and is designed with high reliability [2] - The chip is fully designed in-house with complete intellectual property rights, having overcome key technical challenges and applied for multiple domestic and international invention patents [2] Market Applications - The chip supports Ku band RF direct sampling and is applicable in various fields such as radar, commercial satellites, electronic countermeasures, wireless communications, high-end instruments, and drones, indicating a broad future application prospect [2] - The company has already sent samples to some customers and received intention orders [2] Impact on the Company - The successful launch of the HWD12B40GA4 chip solidifies the company's leading position in the high-speed and high-precision ADC sector, expands its product line, and broadens market opportunities [2] - The company aims to continue technological breakthroughs to meet customer needs and promote the development of the domestic high-speed and high-precision ADC field [2]