Core Viewpoint - Jiejie Microelectronics reported a revenue of 2.502 billion yuan for the first three quarters of 2025, a year-on-year increase of 24.70%, while net profit attributable to shareholders was 347 million yuan, a slight increase of 4.30% [1] Financial Performance - In Q3 2025, Jiejie Microelectronics achieved a revenue of 901 million yuan, a year-on-year growth of 21.19%, but net profit decreased by 15.65% to 100 million yuan [1] - The gross margin for Q3 2025 was 28.11%, down 12.04 percentage points year-on-year and 3.75 percentage points quarter-on-quarter [5] - For the first three quarters of 2025, the gross margin was 32.77%, with Q1 and H1 margins at 36.88% and 35.57%, respectively [4] Industry Context - The power semiconductor industry has faced demand adjustments and price competition over the past two years, leading to a decline in overall profit levels [1] - As of 2025, demand is expected to improve, and price competition is gradually easing, which may enhance profits for leading manufacturers [1] Product Performance - In Q1 2025, the gross margins for different product lines were as follows: thyristors at 44.16%, protective devices at 33.19%, and MOSFETs at 41.05% [4] - The company has adjusted prices for some products due to intense market competition, with a slight decrease in prices for certain thyristor products and a 10%-15% drop for some MOSFET products [4] Inventory and Orders - As of Q3 2025, contract liabilities reached 16.1626 million yuan, a 75.57% increase from the beginning of the year, indicating a rise in order volume [6] - Inventory stood at 781 million yuan, a 30.39% increase from the start of the year, driven by increased sales volume [6] Market Expansion - Jiejie Microelectronics is expanding into emerging markets such as aerospace, automotive electronics, IT products, and robotics while maintaining its position in traditional markets [8] - By H1 2025, revenue from the automotive sector accounted for 15.79% of total revenue, with industrial and consumer sectors at 43.55% and 36.25%, respectively [9]

Core Viewpoint - Jiejie Microelectronics reported a revenue of 2.502 billion yuan for the first three quarters of 2025, a year-on-year increase of 24.70%, while net profit attributable to shareholders was 347 million yuan, a slight increase of 4.30% [1] Financial Performance - In Q3 2025, Jiejie Microelectronics achieved a revenue of 901 million yuan, a year-on-year growth of 21.19%, but net profit decreased by 15.65% to 100 million yuan [1] - The gross margin for Q3 2025 was 28.11%, down 12.04 percentage points year-on-year and 3.75 percentage points quarter-on-quarter [1][6] - The gross margin for the first three quarters of 2025 was 32.77%, with Q1 and H1 margins at 36.88% and 35.57%, respectively [6] Industry Context - The power semiconductor industry has faced demand adjustments and price competition over the past two years, leading to a decline in overall profit levels [1] - According to Guosen Securities, demand is expected to improve in 2025, with price competition easing and leading manufacturers likely to see profit recovery [1] Product Performance - The gross margins for different product lines in Q1 2025 were as follows: thyristors at 44.16%, protective devices at 33.19%, and MOSFETs at 41.05% [6] - In Q2 2025, the gross margins for these products were reported as 45.43%, 29.20%, and 27.81%, respectively, indicating a decline from Q1 [6] Inventory and Contracts - As of Q3 2025, contract liabilities reached 16.1626 million yuan, a 75.57% increase from the beginning of the year, indicating a rise in order volume [8] - Inventory stood at 780 million yuan, a 30.39% increase from the start of the year, driven by increased sales volume [8] Market Expansion - Jiejie Microelectronics is expanding into emerging markets such as aerospace, automotive electronics, IT products, and robotics while maintaining its position in traditional markets [9] - The automotive sector accounted for 15.79% of the company's revenue in the first half of 2025, with over 100 vehicle-grade MOSFETs in mass production [9]

10月10日，捷捷微电跌5.03%，截至发稿，报31.13元/股，成交6.25亿元，换手率2.72%，总市值259.03 亿元。 南方中证500ETF（510500）成立日期2013年2月6日，最新规模1134.38亿。今年以来收益33.74%，同类 排名1755/4220；近一年收益33.45%，同类排名1667/3852；成立以来收益153.75%。 南方中证500ETF（510500）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年175天，现任基金资产总规模1389.99亿元，任职期间最佳基金回报 154.11%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，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。 责任编辑：小浪快报 资料显示，江苏捷捷微电子股份有限公司位于江苏省启东市经济开发区钱塘江路3000号，成立日期1995 年3月29日，上市日期2017年3月14日，公司主营业务涉及功率半导体分立器件的研发、设计、生产和销 售。主营业务收入构成为：功率半导体器件67 ...

容诚会计师事务所（特殊普通合伙）对公司募集资金投资项目预先投入的自 筹资金情况进行了专项审核，并出具了《关于江苏捷捷微电子股份有限公司以自 筹资金预先投入募集资金投资项目的鉴证报告》（容诚专字[2021]216Z0131）。 保荐机构华创证券有限责任公司和公司监事会、独立董事均发表明确同意意见， 一致同意公司本次以募集资金置换预先投入募投项目自筹资金事项。 （三）尚未使用的募集资金用途及去向 次会议分别审议通过了《关于向不特定对象发行可转换公司债券募投项目结项并 将节余募集资金永久补充流动资金的议案》，同意公司对向不特定对象发行可转 换公司债券募集资金投资项目进行结项，并将节余募集资金（具体金额最终以资 金转出当日银行结算后实际金额为准)永久补充流动资金，用于公司日常经营活 动（含支付该募投项目合同尾款、质保款、保证金等款项），公司独立董事、监 事会和保荐机构均发表了明确同意的意见。2025 年 2 月 10 日，公司召开 2025 年第一次临时股东大会，审议通过了该事项。 四、变更募集资金投资项目的资金使用情况 证券代码：300623 证券简称：捷捷微电 公告编号：2025-048 江苏捷捷微电子股份有限公 ...