登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事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： ●会议召开时间：2025年4月17日（星期四）下午15:00-17:00 ●会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于2025年4月10日（星期四）至4月16日（星期三）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱IR@amlogic.com进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 晶晨半导体（上海）股份有限公司（以下简称"公司"）将于2025年4月11日发布公司2024年年度报告， 为便于广大投资者更全面深入地了解公司2024年年度经营成果、财务状况、利润分配方案等情况，公司 计划于2025年4月17日（星期四）下午15:00-17:00参加2024年度科创板芯片设计环节行业集体业绩说明 会，就投资者关心的问题进行交流。 一、说明会类型 本次投 ...

Market Overview - Global markets showed mixed performance, with the Hang Seng Index rising by 1.51% and the S&P 500 declining by 1.57% [1][3] - The Hang Seng Tech Index outperformed with a 3.79% increase year-to-date [1] Industry Insights Internet Industry - Companies with defensive attributes and those benefiting from domestic demand are expected to perform well under current market conditions [4] - Recommended stocks include NetEase (NTES US) and Tencent Music (TME US) for their growth potential in gaming and music sectors [4] - Ctrip (TCOM US) and Meituan (3690 HK) are highlighted for their resilience in domestic and outbound travel demand [4] Semiconductor Industry - The U.S. has announced "reciprocal tariffs," which may lead to additional tariffs on the semiconductor sector [5] - The trend towards domestic substitution in China's semiconductor industry is expected to accelerate, benefiting companies like Huahong Semiconductor (1347 HK) and North Huachuang (002371 CH) [5] - Investors are advised to focus on companies with strong domestic replacement capabilities, especially in AI and analog semiconductor sectors [5] Insurance Industry - Recent regulatory changes allow for an increase in equity investment limits for insurance funds, potentially injecting an estimated CNY 1.66 trillion into the stock market [6][7] - The new regulations raise the equity asset allocation limit to 50%, which could significantly enhance the investment capacity of insurance companies [6][7] - The core equity assets of listed insurance companies are expected to increase, reflecting a shift towards higher-yielding stocks in a low-interest-rate environment [8] Engineering Machinery Industry - Strong sales growth in excavators and wheel loaders was reported, with domestic sales increasing by 29% and 23% year-on-year, respectively [8] - Companies like SANY Heavy Industry (600031 CH) and Zoomlion (1157 HK) are recommended due to their strong market positions and sales performance [8] Company Analysis Zhejiang Dingli (603338 CH) - The company faces challenges due to new U.S. tariffs, which could significantly impact its revenue, as the U.S. market accounts for nearly 30% of its total income [9][10] - The rating has been downgraded to "Hold" with a target price of CNY 51, reflecting concerns over future profitability [9][10] Focus Stocks - Recommended stocks include Geely Automobile (175 HK), Xpeng Motors (XPEV US), and Tencent (700 HK), all showing significant upside potential based on current valuations [11]

重要内容提示： ● 投资者可于2025年4月10日（星期四）至2025年4月16日（星期三）16:00前登录上证路演中心网站首 页点击"提问预征集"栏目或通过公司邮箱info@chipsea.com进行提问。公司将在业绩说明会上对投资者 普遍关注的问题进行回答。 芯海科技（深圳）股份有限公司（以下简称"公司"）已于2025年3月29日发布公司2024年度报告，为便 于广大投资者更全面深入地了解公司2024年度经营成果、财务状况和公司发展理念等情况，公司计划于 2025年4月17日下午15:00-17:00参加2024年度科创板芯片设计环节行业集体业绩说明会，投资者可登录 上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/）参与线上互动交流。 一、说明会类型 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688595 证券简称：芯海科技 公告编号：2025-017 债券代码：118015 债券简称：芯海转债 芯海科技（深圳）股份有限公司 关于参加2024年度科创板芯片设计环节行业集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688582 证券简称：芯动联科 公告编号：2025-011 安徽芯动联科微系统股份有限公司 关于参加2024年度科创板芯片设计环节行业集体业绩说明会的公告 本公司董事会及全体董事保证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： ● 投资者可于2025年4月10日（星期四）至4月16日（星期三）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱ir@numems.com进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 财务总监：白若雪 独立董事：吕昕 （如有特殊情况，参会人员将可能进行调整） 四、投资者参加方式 安徽芯动联科微系统股份有限公司（以下简称"公司"）已于2025年3月18日发布公司《2024年年度报 告》，为便于广大投资者更全面深入地了解公司2024年度经营成果、财务状况，公司计划于2025年4月 17日（星期四）下午15:00-17:00参加2024年度科创板芯片设计环节行业集体业绩说明会，就投资者关心 的问题进行交流。 一 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事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、准确性和完整性承担法律责任。 重要内容提示： ●会议召开时间：2025年04月17日 （星期四） 15:00-17:00 ●会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） 烟台睿创微纳技术股份有限公司（以下简称"公司"）将于2025年4月11日发布公司2024年度报告，为便 于广大投资者更全面深入地了解公司2024年度经营成果、财务状况，公司计划于2025年04月17日 （星 期四） 15:00-17:00参加2024年度科创板芯片设计环节行业集体业绩说明会，就投资者关心的问题进行 交流。 一、 说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对2024年度的经营成果及财务指标的具体情况与 投资者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 ●会议召开方式：上证路演中心视频直播和网络互动 ●投资者可于2025年04月10日 （星 ...

Company Overview - Shanghai Fuhang Microelectronics Co., Ltd. was established in April 2004, focusing on chip design and development in the fields of video-centric professional security, smart hardware, and automotive electronics [1] - The company provides high-performance video codec SOC chips, image signal processor (ISP) chips, and complete product solutions, along with technical development and IC design services [1] Stock Performance - Fuhang Micro's stock hit the daily limit down on April 7, 2023, and has decreased by 25.95% year-to-date [1] - The Guolian An Fund's Guolian An CSI Semiconductor ETF is among the top ten shareholders of Fuhang Micro, having increased its holding to 0.77% in the fourth quarter of the previous year [1] - The ETF has a year-to-date return of 3.24%, ranking 1046 out of 3442 in its category [1] Fund Management - The fund managers of Guolian An CSI Semiconductor ETF are Huang Xin and Zhang Zhenyuan, with Huang Xin having a master's degree in accounting and finance from the London School of Economics [2][3] - Huang Xin has extensive experience in fund management, having held various positions since joining Guolian An Fund Management Co., Ltd. in October 2003 [3][4] - Zhang Zhenyuan has a background in quantitative investment and has managed multiple funds since joining Guolian An Fund in May 2019 [6]

Core Viewpoint - HSBC's report indicates that NVIDIA is losing its pricing power over GPUs, leading to a downgrade of its stock rating from "Buy" to "Hold" and a price target reduction from $175 to $120 [1][2]. Group 1: Pricing Trends - The average selling price (ASP) of NVIDIA's B200 and B300 Blackwell AI GPUs has not shown significant growth, raising concerns about demand for these products [2]. - The lack of substantial price increases for the B200 and B300 GPUs, as well as the GB200 and GB300 NVL72 server racks, suggests limited upgrades in GPU specifications [2]. Group 2: Market Performance - NVIDIA's stock has declined by 24% year-to-date, with a further drop of 4.9% on the day of the report's release, attributed to recent tariffs imposed by the Trump administration affecting the U.S. and global markets [1][2]. Group 3: Company Response - NVIDIA's CEO Jensen Huang defended the pricing of the company's GPUs, emphasizing their efficiency and the complexity of manufacturing as reasons for their high costs [3]. - The company is collaborating with TSMC and Foxconn to manufacture GPUs domestically in the U.S., while also lobbying the government to lift restrictions on AI GPU sales to most countries [3].

Core Viewpoint - The company reported a mixed financial performance for 2024, with revenue growth but a significant decline in net profit, while also achieving substantial growth in cash flow and chip sales [1][2]. Financial Performance - The company achieved an operating revenue of 1.343 billion yuan, representing a year-on-year growth of 3.32% [1]. - The net profit attributable to shareholders was 134 million yuan, showing a year-on-year decline of 28.01% [1]. - The net profit excluding non-recurring items was 131 million yuan, reflecting a year-on-year increase of 26.61% [1]. - The net cash flow from operating activities reached 183 million yuan, marking a significant year-on-year increase of 717.77% [1]. Chip Sales and Market Position - The company sold 885 million chips, which is an increase of nearly 9% year-on-year [1]. - The growth in chip sales was driven by low initial customer inventories, recovery in the export market, and favorable national consumption stimulus policies [1]. - The company expanded its overseas market presence, adding new customers in Europe and Japan, thereby strengthening its global market position [1]. Product Development - The company made significant progress in key product areas, developing multiple 32-bit Cortex M0+ products for the home appliance market [1]. - A new single-chip solution for variable frequency air conditioning with dual motors and high-frequency PFC control has begun customer engineering samples, with mass production expected by the end of 2025 [1]. - Wi-Fi/BLE Combo MCU products have been partially designed into customer projects, with mass production anticipated in 2025 [1]. - Two AMOLED display driver chips have passed verification by panel manufacturers and are being promoted for verification in brand mobile applications, with potential mass production in the second half of 2025 [1]. R&D Investment - The company maintained a high level of R&D investment, with annual R&D expenses reaching 300 million yuan, accounting for 22.35% of operating revenue [2]. - The company has deepened its technological innovation in smart home appliance chips, variable frequency motor control, battery management chips, OLED display driver chips, and automotive electronics [2]. - As of the end of the reporting period, the company and its subsidiaries had obtained a total of 135 domestic and international authorized patents, including 133 invention patents [2]. - The company added 9 new patent authorizations during the reporting period, demonstrating its ongoing innovation capabilities in technology R&D [2].

复旦微电: 独立董事2024年度述职报告（汇总） 上海复旦微电子集团股份有限公司 "公司"）第九届董事会独立非执行董事（亦称"独立董事"），根据《中华人 民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》 （以下简称"《证券法》"）《上市公司治理准则》《上市公司独立董事管理 办法》《上海证券交易所科创板股票上市规则》《香港联合交易所有限公司证 券上市规则》等法律、法规、规范性文件的要求，勤勉尽责地履行了独立董事 的职责，充分发挥独立董事的作用。现将 2024 年度担任独立董事的履职情况报 告如下： 一、独立董事的基本情况 （一）个人基本情况 曹钟勇先生，1958 年出生，中国国籍，无境外永久居留权，北方交通大学 经济学博士学位。1992 年至 1996 年，曾任上海铁道大学副教授、国际经济与 管理学院院长助理；1996 年至 1997 年，曾任上海铁道大学教授、校科研处副 处长；1997 年至 1998 年，曾任美国哈佛大学肯尼迪政治学院访问学者；1998 年至 2018 年，历任上海市领导干部考试和测评中心副主任、主任，上海市经营 者人才发展中心主任，于 2018 年退休。现任上海海事大学博 ...

Core Insights - The acquisition of Huimang Micro by Yingjixin has been officially terminated due to disagreements over the transaction price and other core terms of the restructuring plan [1][2][3] - Yingjixin, established in 2014, specializes in high-performance analog-digital mixed chips, with a notable profit increase of 322.73% in 2024, reaching a net profit of 124 million yuan [1][2] - Huimang Micro, a fabless chip design company, has faced challenges in its IPO attempts, having withdrawn applications for both the Sci-Tech Innovation Board and the Growth Enterprise Market [2] Company Overview - Yingjixin focuses on power management chips and fast charging protocol chips, collaborating with well-known brands like Xiaomi and OPPO, which enhances its industry influence [1] - Huimang Micro is positioned as a platform chip design company with capabilities in microcontroller chips, power management chips, and storage chips, but has struggled to establish itself in the public market [2] Market Context - The semiconductor industry is currently experiencing a downturn, leading to increased pressure on profitability, which may have influenced Yingjixin's cautious approach to the acquisition [2][3] - The termination of the acquisition presents both challenges and opportunities: Yingjixin avoids potential financial risks from a high valuation acquisition, while Huimang Micro must seek alternative financing avenues for growth [2]