Core Viewpoint - The report outlines the ongoing supervision and compliance of Suzhou Shengke Communication Co., Ltd. by China International Capital Corporation, emphasizing the company's commitment to governance, compliance, and strategic R&D investments despite facing financial losses. Ongoing Supervision - The sponsor has established a robust supervision system and executed a work plan for ongoing oversight of Shengke Communication [1][2] - A continuous supervision agreement has been signed, detailing the rights and obligations of both parties during the supervision period [1] - No violations or illegal activities have been reported during the supervision period [2][3] Financial Performance - The company reported a net loss of 68.26 million yuan, an increase in loss of 48.73 million yuan compared to the previous year, primarily due to increased R&D investments [4][5] - R&D expenses reached 428.46 million yuan, a 36.40% increase year-on-year, reflecting the company's long-term strategy focused on innovation [4][5] - The basic earnings per share decreased to -0.17 yuan, and the diluted earnings per share also fell to -0.17 yuan [18] R&D and Innovation - R&D investment accounted for 39.61% of operating revenue, an increase of 9.33 percentage points from the previous year, indicating a strong commitment to innovation [19] - The company has developed a series of high-capacity Ethernet switch chips, with initial deliveries made in 2024, enhancing its market position [19][20] - The company holds 1,418 intellectual property rights, including 1,225 invention patents, showcasing its focus on technological advancement [25][26] Market Position and Competitive Advantage - Shengke Communication maintains a strong competitive edge in the Ethernet switch chip market, leveraging its deep understanding of network demands and trends [19][20] - The company has established long-term partnerships with major domestic network equipment manufacturers, enhancing customer loyalty and market penetration [22][23] - The company actively participates in industry standard-setting organizations, reinforcing its position in the evolving network technology landscape [21] Risks and Challenges - The company faces risks related to ongoing financial losses, high R&D expenditures, and potential market fluctuations that could impact profitability [5][6] - There is a risk of core talent loss due to competitive pressures in the semiconductor industry, which could affect the company's innovation capabilities [7][8] - The company is also exposed to macroeconomic risks, including potential impacts from international trade policies and currency fluctuations [12][14]

Core Viewpoint - Canshin Co., Ltd. has experienced a significant decline in performance in its first year post-IPO, with a notable drop in revenue and net profit, contrasting sharply with its previous growth trajectory [1][2][3] Financial Performance - In 2024, Canshin reported revenue of 1.09 billion yuan, a year-on-year decrease of 18.77%, and a net profit of 61 million yuan, down 64.19% [1][3] - For Q1 2025, the company continued to face challenges, with revenue of 139 million yuan, a decline of 59.23%, and a net loss of 26 million yuan [1] Historical Growth - From 2020 to 2023, Canshin's revenue grew from 506 million yuan to 1.34 billion yuan, with annual growth rates of 24.75%, 88.63%, 36.44%, and 2.99% respectively [2] - The net profit during the same period increased from 18 million yuan to 170 million yuan, with growth rates of 231.27%, 147.99%, 117.53%, and 79.70% [3] Market Position and Competition - Canshin held a 4.9% market share in the global integrated circuit design service market in 2021, ranking fifth globally and second in mainland China [2] - In contrast, competitor Chipone achieved revenue of 1.58 billion yuan in 2024, a growth of 1.09%, while Canshin's core business revenue declined significantly [3][4] Business Segmentation - In 2024, the largest revenue contributor for Canshin was the consumer electronics sector, accounting for 34% of total revenue, followed by IoT (25%), network communication (17%), and industrial control (11%) [4] - Chipone's revenue was primarily derived from the IoT sector, which constituted 35.24% of its total revenue, indicating a strategic focus on different market segments [5] R&D and Future Prospects - Canshin has increased its R&D expenditure to 128 million yuan in 2024, a rise of 18.12%, and has been actively pursuing patents, with 16 new applications and 32 new authorizations [6] - The company is focusing on high-potential areas such as automotive electronics and AI+IoT, with ongoing projects in these fields, which may provide opportunities for recovery as the industry stabilizes [7]

5月19日，信邦智能（SZ301112，股价37.82元，市值41.7亿元）的重大资产重组方案出炉。 信邦智能称，截至预案签署日，本次交易相关的审计、评估工作尚未完成，英迪芯微的评估值及交易价 格尚未确定。 信邦智能拟通过发行股份、可转换公司债券及支付现金等方式收购无锡英迪芯微电子科技股份有限公司 （以下简称英迪芯微）的控股权，并募集配套资金。 《每日经济新闻》记者注意到，在此次信邦智能停牌（5月6日）之前，其股价出现了大幅上涨。4月29 日，信邦智能还被机构席位大笔买入。 标的公司去年亏损 今年5月6日，信邦智能公告称，其正在筹划以发行股份、可转换公司债券及支付现金等方式购买资产事 项。在上述公告中，信邦智能并未披露具体的并购标的，仅表示标的公司主要从事汽车芯片的研发、设 计与销售。 由于上述事项，信邦智能股票自5月6日起开始停牌。 5月19日，信邦智能发布相关预案，公司拟向Ay Dee Kay LLC（公司名）、无锡临英企业管理咨询合伙 企业（有限合伙）等40名交易对方发行股份、可转换公司债券及支付现金购买英迪芯微的控股权。 信邦智能介绍称，英迪芯微系国内领先的车规级数模混合信号芯片及方案供应商。 "自2 ...

纳芯微公告，苏州纳芯壹号信息咨询合伙企业、苏州纳芯贰号信息咨询合伙企业、苏州纳芯叁号信息咨 询合伙企业拟通过询价转让方式转让485.18万股，占公司总股本的3.40%。本次询价转让不通过集中竞 价交易或大宗交易方式进行，受让方为具备相应定价能力和风险承受能力的机构投资者，受让后6个月 内不得转让。 ...

Core Viewpoint - Xunbang Intelligent plans to acquire controlling stake in Wuxi Yindichip Microelectronics through a combination of issuing shares, convertible bonds, and cash payments, with the stock resuming trading on May 20 [1][6]. Group 1: Acquisition Details - The acquisition involves purchasing shares from 40 shareholders including ADK, Wuxi Linying, Jinjiang Keyu, Vincent Isen Wang, and Yangzhou Linxin [2][4]. - The company intends to raise matching funds by issuing shares to no more than 35 specific investors in compliance with regulations [2][4]. Group 2: Strategic Rationale - This transaction is expected to constitute a significant asset restructuring and related party transaction for the company [5]. - The acquisition is a strategic move to enhance the automotive industry chain, focusing on the fast-growing automotive chip sector with low domestic production rates [5]. - The collaboration is anticipated to create synergies in industry understanding, customer resources, sales channels, technology cooperation, and financing channels, thereby enhancing the company's operational capabilities in the automotive sector [5]. Group 3: Company and Market Position - Xunbang Intelligent primarily engages in the design, research, development, manufacturing, integration, and sales of intelligent and automated production lines related to industrial and collaborative robots, with applications in automotive, aerospace, and environmental protection [7]. - Yindichip Microelectronics specializes in the research, design, and sales of mixed-signal chips, with a focus on automotive applications and medical health [7]. - Since its establishment in 2017, Yindichip has become one of the few domestic integrated circuit design companies capable of mass production of automotive-grade chips, with cumulative shipments exceeding 250 million units [7]. Group 4: Financial Performance - Yindichip's projected revenues for 2023 and 2024 are approximately 494 million yuan and 584 million yuan, respectively, with net profits of about 62.87 million yuan and 46.41 million yuan after excluding share payment impacts [8]. - The company has maintained a gross margin of over 40% on some products over the past two years, indicating strong profitability [8].

苏州纳芯微电子股份有限公司于2025年5月20日发布公告，披露股东减持计划时间届满暨减持股份结 果。此次涉及减持的股东包括苏州国润瑞祺创业投资企业（有限合伙）（简称"国润瑞祺"）、深圳市慧 悦成长投资基金企业（有限合伙）（简称"慧悦成长"）、苏州华业致远一号创业投资合伙企业（有限合 伙）（简称"苏州华业"）及其一致行动人长沙华业高创私募股权基金合伙企业（有限合伙）（简称"长 沙华业"）。 减持计划实施前，国润瑞祺直接持有公司股份2,015,372股，占公司股份总数的1.41%；慧悦成长直接持 有3,684,711股，占比2.59%；苏州华业直接持有1,085,602股，占比0.76%；长沙华业直接持有890,580 股，占比0.62%。这些股份均于公司首次公开发行前取得，以及通过公司实施资本公积转增股本取得， 并已于2023年4月24日起上市流通。 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行 ...

（以下简称"国润瑞祺"）直 接持有公司股份 2,015,372 股，占公司股份总数的 1.41%； 证券代码：688052 证券简称：纳芯微 公告编号：2025-026 苏州纳芯微电子股份有限公司 本公司董事会、全体董事及相关股东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。 重要内容提示： ? 股东持股的基本情况 本次减持计划实施前，苏州纳芯微电子股份有限公司（以下简称"公司"）股 东持股情况如下： 若公司在上述减持计划实施期间发生派发现金红利、送股、转增股本、增发 新股等原因进行除权、除息的，则上述减持计划将作出相应调整。 近日，公司收到国润瑞祺、慧悦成长、苏州华业及其一致行动人长沙华业出 具的《关于减持结果的告知函》，截至 2025 年 5 月 17 日，上述股东减持计划实 施情况如下： 直接持有公司股份 3,684,711 股，占公司股份总数的 2.59%； 华业"）直接持有公司股份 1,085,602 股，占公司股份总数的 0.76%； 合伙）（以下简称"长沙华业"）直接持有公司股份 890,580 股，占公司股份总数 的 0.62% ...

瑞财经 王敏 近日，美芯晟科技（北京）股份有限公司（以下简称"美芯晟"）发布2024年年度报告。 | 主要会计数据 | 2024年 | 2023年 | 本期比上年 2022年 同期增减(%) | | --- | --- | --- | --- | | 营业收入 | 404, 167, 862. 57 | 472, 306, 007. 71 | -14. 43 441, 147, 328. 08 | | 扣除与主营业务 无关的业务收入 和不具备商业实 | 404, 167, 862. 57 | 472, 306, 007. 71 | -14. 43 441, 147, 328. 08 | | 质的收入后的营 | | | | | 业收入 | | | | | 归属于上市公司 | -66,567, 127. 54 | 30. 153. 546. 93 | -320.76 | 52.593.827.20 | | --- | --- | --- | --- | --- | | 股东的净利润 | | | | | | 归属于上市公司 股东的扣除非经 常性损益的净利 | -93.082.044.96 | 6. 168. 347 ...

证券之星消息，根据市场公开信息及5月15日披露的机构调研信息，长信基金近期对2家上市公司进行了 调研，相关名单如下： 2)思瑞浦(长信基金参与公司特定对象调研&2024年度暨2025年第一季度业绩暨现金分红说明会&现场沟 通&在线沟通&网络文字互动) 调研纪要：2025年第一季度，思瑞浦实现营业收入42,179.44万元，同比增长110.88%，净利润1,556.30 万元，扭亏为盈。信号链芯片收入28,664.74万元，同比增长64.86%；电源管理芯片收入13,504.03万 元，同比增长416.53%。公司认为模拟集成电路设计行业将长期向好，受益于新能源汽车、物联网、人 工智能等新兴产业发展及国家政策支持。公司已完成多市场布局，工业市场需求逐步恢复，泛通信市场 业务触底回升，汽车市场有望持续高增速，消费市场业务将成长。 长信基金成立于2003年，截至目前，资产管理规模(全部公募基金)1796.59亿元，排名37/210；资产管理 规模(非货币公募基金)857.0亿元，排名52/210；管理公募基金数170只，排名41/210；旗下公募基金经理 33人，排名36/210。旗下最近一年表现最佳的公募基金产品 ...

Core Viewpoint - The report highlights significant declines in the company's financial performance, with a 34.79% decrease in revenue and a 60.73% drop in net profit, primarily due to delays in project acceptance and procurement plans in the special integrated circuit sector [1][7]. Financial Performance - The company achieved operating revenue of 603.89 million yuan in 2024, down from 926.05 million yuan in 2023, representing a 34.79% year-on-year decline [6]. - Net profit attributable to shareholders was 12.22 million yuan, a decrease of 60.73% compared to 31.11 million yuan in the previous year [6]. - The net profit after deducting non-recurring gains and losses was 8.76 million yuan, down 68.33% from the previous year [7]. - The cash flow from operating activities was 25.46 million yuan, reflecting a 52.61% decrease [6]. Risks - The company faces risks related to significant declines in performance due to industry-wide challenges, including project acceptance delays and reduced new orders [1][2]. - There is a risk of core competitiveness erosion if the company fails to keep pace with technological advancements and market demands [2][3]. - The reliance on major clients, primarily state-owned enterprises, poses a risk if their procurement needs change significantly [3][4]. - Financial risks include potential increases in accounts receivable and inventory turnover issues due to long acceptance cycles and market fluctuations [4][5]. Core Competitiveness - The company has a strong technical foundation and a comprehensive R&D system, with 119 invention patents and 221 integrated circuit layout design rights [8][9]. - R&D expenditure accounted for 25.46% of operating revenue, indicating a commitment to innovation despite a 22.41% decrease in absolute terms compared to the previous year [10][11]. - The company maintains a diverse product portfolio in both digital and analog integrated circuits, catering to various special applications [9][10]. Fundraising and Utilization - The company raised approximately 1.5 billion yuan through its IPO, with net proceeds of about 1.42 billion yuan after deducting issuance costs [11][12]. - As of December 31, 2024, the company had invested 620.73 million yuan in projects funded by the raised capital, with a remaining balance of 685.35 million yuan [12][14]. - The company has utilized part of the idle funds for temporary cash management, ensuring compliance with regulatory requirements [14][15].