Core Viewpoint - The company, Angrui Microelectronics, has experienced a significant decrease in revenue and net profit for the first nine months of 2025, indicating potential challenges ahead for its financial performance [2]. Group 1: Stock Performance - On January 5, Angrui Microelectronics' stock rose by 3.04%, with a trading volume of 297 million yuan [1]. - The financing buy-in amount for Angrui Microelectronics on the same day was 24.57 million yuan, while the financing repayment was 47.24 million yuan, resulting in a net financing outflow of 22.67 million yuan [1]. - As of January 5, the total margin trading balance for Angrui Microelectronics was 152 million yuan, accounting for 8.30% of its market capitalization [1]. Group 2: Company Overview - Angrui Microelectronics, established on July 3, 2012, is located in Haidian District, Beijing, and specializes in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [1]. - The revenue composition of Angrui Microelectronics includes RF front-end chips at 78.54%, RF SoC chips at 20.78%, and other products and services at 0.69% [1]. Group 3: Shareholder Information - As of December 16, Angrui Microelectronics had 17,400 shareholders, representing an increase of 24398.59% compared to the previous period [2]. - The average number of circulating shares per shareholder was 693 shares, with no change from the previous period [2]. Group 4: Financial Performance - For the period from January to September 2025, Angrui Microelectronics reported a revenue of 1.335 billion yuan, reflecting a year-on-year decrease of 20.69% [2]. - The net profit attributable to the parent company was -62.77 million yuan, showing a year-on-year decline of 426.66% [2].

Core Viewpoint - Angrui Microelectronics Technology Co., Ltd. (stock code: 688790) was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with an opening price of 240.00 CNY and a closing price of 216.05 CNY, reflecting a rise of 160.11% and a trading volume of 2.061 billion CNY [1]. Company Overview - Angrui Micro is focused on integrated circuit design in the RF and analog fields, recognized as a national-level "little giant" enterprise [1]. - The company specializes in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [1]. Shareholding Structure - The company's shares are widely held, with no single shareholder controlling more than 30% of voting rights, thus no controlling shareholder is identified [1]. - The actual controller, Qian Yongxue, holds 3.8578% of shares directly and controls 52.4783% of voting rights post-IPO [2]. IPO Details - Angrui Micro's IPO involved issuing 24.882922 million shares, accounting for 25.00% of the total post-issue share capital, at a price of 83.06 CNY per share [3]. - The total funds raised amounted to 206.67755 million CNY, with a net amount of 193.23227 million CNY after deducting issuance costs [4]. Fund Utilization - The raised funds will be allocated to projects including the R&D and industrialization of 5G RF front-end chips and modules, RF SoC R&D, and the construction of headquarters and R&D centers [4][5]. Financial Performance - Revenue for 2022, 2023, and 2024 was reported as 923.0447 million CNY, 1.6948705 billion CNY, and 2.1013197 billion CNY respectively, with net losses of -289.8854 million CNY, -450.1332 million CNY, and -64.7092 million CNY [6][7]. - The company reported a significant increase in cash flow from operating activities in 2025, with a net cash flow of 7.51225 million CNY [8]. Future Projections - For 2025, Angrui Micro anticipates revenue between 1.9054112 billion CNY and 2.2749068 billion CNY, with net losses projected between -112.86 million CNY and -41.7088 million CNY [11]. - The company expects to continue facing cumulative losses, which will prevent cash dividends to shareholders for a certain period [12].

公司是一家专注于射频、模拟领域的集成电路设计企业，是国家级专精特新重点"小巨人"企业。公司主 要从事射频前端芯片、射频SoC芯片及其他模拟芯片的研发、设计与销售。自成立以来，公司通过持续 的研发投入和技术积累，不断进行产品高效迭代，为客户提供高性能、高可靠性、低功耗、高集成度的 射频及模拟芯片产品。 N昂瑞-UW(688790)今日上市，开盘上涨188.95%，截至上午收盘涨幅回落至173.78%，半日成交量 647.82万股，成交额14.86亿元，换手率53.73%。 统计显示，公司本次发行总量为2488.29万股，其中，网上发行量为597.20万股，发行价格为83.06元/ 股，网上发行最终中签率为0.03449153%。公司首发募资金额为20.67亿元，募资主要投向5G射频前端 芯片及模组研发和产业化升级项目、总部基地及研发中心建设项目、射频SoC研发及产业化升级项目 等。（数据宝） （文章来源：证券时报网） 今日上市新股表现 | 代码 | 简称 | 最新价（元） | 上午收盘涨跌幅（%） | 半日换手率（%） | | --- | --- | --- | --- | --- | | 688790 | N ...

据了解，昂瑞微主要从事射频前端芯片、射频 SoC芯片及其他模拟芯片的研发、设计与销售。公司股票 发行价格83.06元/股。 北京商报讯（记者 马换换 王蔓蕾）12月16日，昂瑞微（688790）登陆科创板上市，上市首日公司股价 高开188.95%，开于240元/股，总市值238.9亿元。 ...

中国经济网北京12月16日讯 今日，昂瑞微（688790）在上交所上市。 上交所：昂瑞微（688790） (责任编辑：关婧) 综上，钱永学在本次发行前合计控制了公司62.4309%的表决权。本次发行后，钱永学合计控制公 司52.4783%的表决权，仍为公司实际控制人。 昂瑞微本次发行募集资金总额206,677.55万元，扣除发行费用后募集资金净额为193,232.27万元，用 于5G射频前端芯片及模组研发和产业化升级项目、射频SoC研发及产业化升级项目、总部基地及研发中 心建设项目。 昂瑞微是一家专注于射频、模拟领域的集成电路设计企业，是国家级专精特新重点"小巨人"企业。 公司主要从事射频前端芯片、射频SoC芯片及其他模拟芯片的研发、设计与销售。 报告期内，公司股权较为分散，单一股东所持表决权均未超过30%。任何单一股东所持的表决权均 无法控制股东会或对股东会决议产生重大影响。因此，公司认定无控股股东。公司实际控制人为钱永 学，截至上市公告书签署日，钱永学直接持有公司3.8578%的股份，并通过特别表决权机制直接控制公 司21.9494%的表决权；通过北京鑫科间接控制公司9.1200%的股份，并通过特别表决权 ...

Company Overview - Angrui Microelectronics is set to launch its public offering, with a total share capital of 74.6488 million shares before the issuance, and plans to issue 24.8829 million shares, representing 25.00% of the post-issue total share capital [1] - The company specializes in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [1] IPO Details - The subscription code for the public offering is 787790, with a subscription price of 83.06 yuan per share [1] - The online issuance will consist of 3.9810 million shares, and the maximum subscription limit for a single account is 0.35 million shares, requiring a minimum market value of 35,000 yuan in the Shanghai market for the highest subscription [1] Fundraising Allocation - The company plans to allocate funds as follows: - 1.0961225 billion yuan for the R&D and industrialization upgrade of 5G RF front-end chips and modules - 408 million yuan for the R&D and industrialization upgrade of RF SoC - 563.1707 million yuan for the construction of the headquarters and R&D center [1] Financial Performance - Key financial indicators for the company are as follows: - Total assets for 2024 are projected at 1.7212036 billion yuan, up from 1.7141510 billion yuan in 2023 - Net assets are expected to decrease to 977.2571 million yuan in 2024 from 1.0400325 billion yuan in 2023 - Operating revenue is forecasted to rise to 2.1013197 billion yuan in 2024, compared to 1.6948705 billion yuan in 2023 - The net profit attributable to shareholders is projected to be -64.7092 million yuan in 2024, an improvement from -450.1332 million yuan in 2023 - Basic and diluted earnings per share are both expected to be -0.8700 yuan in 2024, improving from -6.0300 yuan in 2023 - The weighted average return on equity is projected at -6.42% for 2024, an improvement from -43.16% in 2023 - Net cash flow from operating activities is expected to be -186.7206 million yuan in 2024, worsening from -67.0907 million yuan in 2023 - R&D investment is projected at 313.8440 million yuan in 2024, down from 396.3284 million yuan in 2023, with R&D investment as a percentage of operating revenue at 14.94% in 2024, down from 23.38% in 2023 [1]

Core Viewpoint - Angrui Micro's IPO aims to raise approximately 2.067 billion yuan, with a share price set at 83.06 yuan per share, reflecting strong investor confidence and strategic partnerships in the RF chip market [1][2][3][4]. Company Overview - Angrui Micro, established in 2012, specializes in RF and analog integrated circuit design and is recognized as a national-level "little giant" enterprise [3]. - The company focuses on the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips, providing high-performance, reliable, low-power, and highly integrated products [3]. IPO Details - The IPO will issue 24.8829 million shares, all through public offering, with the subscription starting on December 5 and results announced on December 9 [1][2]. - The total expected fundraising amount is 2.067 billion yuan, with a net amount of approximately 1.932 billion yuan after deducting issuance costs [1][2]. Market Potential - The global RF front-end market is projected to reach 24.7 billion USD by 2028, indicating significant growth opportunities for Angrui Micro [3]. - From 2022 to 2024, the company's revenue is expected to grow from 923 million yuan to 2.101 billion yuan, with a compound annual growth rate exceeding 50% [3]. Business Applications - Angrui Micro has diversified its business across various sectors, including automotive communication, satellite communication, and IoT, with products already in mass production for major automotive brands and flagship mobile devices [3]. - The company’s RF SoC revenue is projected to reach 295 million yuan in 2024, reflecting a year-on-year growth of 49.5% [3]. Fund Utilization - The funds raised from the IPO will be allocated to the R&D and industrialization of 5G RF front-end chips and modules, RF SoC development, and the construction of headquarters and R&D centers [4]. - These investments are crucial for enhancing R&D capabilities and expanding into high-end markets and emerging applications in satellite and automotive wireless communication [4].

Core Viewpoint - Beijing Angrui Microelectronics Technology Co., Ltd. has successfully passed the IPO review by the Shanghai Stock Exchange's Listing Committee, marking a significant step towards its listing on the Sci-Tech Innovation Board [1]. Company Information - The full name of the company is Beijing Angrui Microelectronics Technology Co., Ltd., commonly referred to as Angrui Micro [5]. - Angrui Micro was established in 2012 and is recognized as a national-level specialized and innovative "little giant" enterprise [6]. - The company focuses on the design of integrated circuits in the RF and analog fields, primarily engaged in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [6]. Product Line - Angrui Micro's core product lines include a full range of RF front-end chip products for smart mobile terminals, covering 5G, 4G, 3G, and 2G technologies, as well as RF SoC chip products aimed at the Internet of Things [6]. IPO Process - The IPO review status has been updated to "approved by the Listing Committee," indicating that the company is one step closer to being listed [1]. - The underwriting institution for the IPO is CITIC Securities Co., Ltd., with auditing services provided by Zhongshen Zhonghuan Certified Public Accountants [5].

Core Viewpoint - Beijing Angrui Microelectronics Technology Co., Ltd. is set to undergo its IPO review on October 15, 2023, as it aims to raise approximately 2.067 billion yuan for various projects [1] Company Overview - Angrui Micro is focused on integrated circuit design in the RF and analog fields, primarily engaged in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [1] - The company’s IPO was accepted on March 28, 2025, and it entered the inquiry phase on April 15 of the same year [1] Fundraising and Investment Plans - The company plans to raise around 2.067 billion yuan, which will be allocated to the following projects: - R&D and industrialization upgrades for 5G RF front-end chips and modules - R&D and industrialization upgrades for RF SoC - Construction of headquarters and R&D center [1]