根据公司披露的2025年半年报，天德钰上半年实现营业收入12.08亿元，同比增长43.35%；归母净利润 1.52亿元，同比增长50.89%；扣非净利润1.46亿元，同比增长73.56%。业绩增长主要得益于显示驱动芯 片产品的持续放量，以及电子价签驱动芯片等创新产品的市场拓展。 资金流向方面，天德钰8月26日主力资金净流出25.40万元，近五日主力资金净流入6946.05万元。 截至2025年8月26日15时，天德钰股价报28.45元，较前一交易日下跌0.87%。当日开盘价为28.32元，最 高触及28.78元，最低下探28.00元，成交量为103470手，成交额达2.93亿元。 天德钰主营业务为智能移动终端显示驱动芯片、摄像头音圈马达驱动芯片、快充协议芯片和电子价签驱 动芯片。公司产品广泛应用于三星、OPPO、vivo等手机品牌，以及亚马逊、谷歌、百度等平板和智能 音箱客户。 风险提示：市场有风险，投资需谨慎。 ...

本报讯 （记者李昱丞）8月26日，深圳天德钰科技股份有限公司（以下简称"天德钰"）发布2025年半年 报。报告显示，公司今年上半年实现营业收入12.08亿元，同比增长43.35%；归母净利润达1.52亿元， 同比增长50.89%；扣非后归母净利润为1.46亿元，同比增幅达73.56%。 天德钰业绩的提升，主要得益于其在显示驱动芯片领域的深耕与创新。上半年，公司穿戴类、平板类显 示驱动芯片持续放量，高刷新率手机显示驱动芯片及电子价签驱动芯片市场需求旺盛。其中，电子价签 产品线凭借全球先发优势和窄边框GIP架构技术突破，实现营收快速增长，并成功拓展至手机背盖等创 新应用场景。此外，公司音圈马达驱动芯片产品已广泛应用于三星、OPPO、vivo等主流手机品牌，并 与多家模组厂建立长期合作关系。 上半年，天德钰研发投入达9905.14万元，同比增长25.77%，占营业收入比例的8.2%。公司持续加大在 智能移动终端显示驱动芯片、摄像头音圈马达驱动芯片、快充协议芯片及电子价签驱动芯片等领域的研 发力度。值得关注的是，天德钰率先量产可多次读写内存的四色电子纸驱动IC，全面布局智能零售与物 联网市场，为未来增长注入新动能。 ...

Core Viewpoint - The company, Yingjixin Technology Co., Ltd., has shown significant growth in revenue and profit, particularly in the power management and fast charging chip sectors, while also gaining recognition in the automotive electronics market [2][6]. Group 1: Company Overview - Yingjixin was established on November 20, 2014, and went public on April 19, 2022, focusing on the research and sales of power management and fast charging protocol chips [6]. - The company's revenue composition includes 74.33% from power management chips, 23.69% from fast charging protocol chips, and 1.98% from other sources [6]. - As of March 31, 2025, the company reported a revenue of 306 million yuan, representing a year-on-year growth of 17.25%, and a net profit of 19.64 million yuan, with a remarkable increase of 395.62% [6]. Group 2: Market Position and Recognition - Yingjixin has successfully developed automotive-grade charging chips that meet AEC-Q100 standards, leading to mass production and integration with domestic and international automotive manufacturers [2]. - The company has established itself as a key supplier in the power management and fast charging sectors, gaining entry into the supply chains of major brands like Xiaomi, OPPO, and Samsung [2]. - Yingjixin has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, a prestigious title awarded to companies with strong innovation capabilities and high market share [2]. Group 3: Stock Performance and Investment Analysis - On August 6, the stock price of Yingjixin increased by 2.14%, with a trading volume of 135 million yuan and a market capitalization of 8.196 billion yuan [1]. - The stock has shown a net inflow of 10.44 million yuan from main funds, indicating a lack of clear trends in main fund movements [3][4]. - The average trading cost of the stock is 18.45 yuan, with the current price near a support level of 18.87 yuan, suggesting potential volatility if this support is breached [5].

Core Viewpoint - The company, Jiewate Microelectronics Co., Ltd., is increasing its expected daily related transactions for the year 2025, which has been reviewed and approved by its board of directors and independent directors, ensuring compliance with relevant laws and regulations [1][2][7]. Summary by Sections Daily Related Transactions Overview - The company has conducted a thorough review of the expected daily related transactions for 2025, which was approved in a board meeting where related directors abstained from voting [1]. - The independent directors unanimously agreed that the increase in expected daily related transactions is a normal market behavior that aligns with the company's operational needs and benefits both the company and its shareholders [2]. Increase in Expected Daily Related Transactions - On July 24, 2025, the company held a board meeting to discuss the increase in expected daily related transactions, which was approved by non-related directors and will be submitted for shareholder approval [2]. - The independent directors confirmed that the increase adheres to principles of equality, voluntariness, and fairness, ensuring no adverse impact on the company's financial status or independence [2]. Expected Amounts and Categories of Transactions - The expected daily related transactions for 2025 have been categorized and quantified, with specific amounts outlined for various related parties [3][4]. - The total expected amount for related transactions has been adjusted to reflect the anticipated business needs, particularly in response to the rapid growth in the energy storage sector [4]. Purpose and Impact of Increased Transactions - The increase in sales to related parties is based on the execution of business needs, ensuring that the company does not become dependent on these transactions and maintains its independence [7]. - The company aims to lower operational risks by engaging with reputable related parties, which is expected to facilitate ongoing business operations [7]. Sponsor's Review Opinion - The sponsor, CITIC Securities, has no objections to the proposed increase in expected daily related transactions, confirming that the decision-making process aligns with legal and regulatory requirements [7].

Core Viewpoint - The company Tian De Yu (688252.SH) continues to show strong performance in its operations, with significant revenue and profit growth in the first half of 2025, reflecting a positive trend in the semiconductor and consumer electronics industry [1][2]. Financial Performance - In the first half of 2025, the company achieved revenue of 1.208 billion yuan, a year-on-year increase of 43.35%, and a net profit of 152 million yuan, up 50.89% [1][2]. - For the full year of 2024, the company reported revenue of 2.102 billion yuan, a growth of 73.88%, and a net profit of 275 million yuan, marking a 143.61% increase, which is the best annual performance since its listing [2]. - In Q1 2025, the company recorded revenue of 554 million yuan, a 60.52% increase year-on-year, and a net profit of approximately 70.57 million yuan, up 116.96% [2]. - The second quarter of 2025 saw revenue of approximately 654 million yuan, a year-on-year increase of 31.46%, and a net profit of about 81.43 million yuan, up 18.93% [2]. Business Growth Drivers - The growth in the first half of 2025 is attributed to the increased demand for high-refresh-rate mobile display driver chips, significant shipments from brand customers in the tablet display driver chip segment, and an increase in market share for wearable display driver chips [3]. - The company maintains a leading position in the global market for electronic price tag driver chips, contributing to revenue growth [3]. Research and Development - The company has invested a total of 470 million yuan in R&D from 2022 to 2024, with annual R&D expenses of 150 million yuan, 144 million yuan, and 176 million yuan respectively [4][5]. - As of the end of 2024, the company holds 72 authorized patents, including 68 invention patents and 4 utility model patents, along with 99 layout designs and 58 software copyrights, totaling 229 intellectual property items [5]. Asset Growth - The company's total assets increased from 679 million yuan in 2020 to 2.574 billion yuan in 2024, representing a growth of 279.09% [5]. - As of the end of Q1 2025, total assets reached 2.666 billion yuan, a year-on-year increase of 19.50%, marking a historical high [5].

Summary of the Conference Call for 英集芯 Company Overview - 英集芯 is focused on high-performance, high-quality analog-digital mixed chips, primarily in power management and fast charging protocol sectors [3][4]. Financial Performance - In 2020, 英集芯 achieved revenue of 1.43 billion CNY and a net profit of 124 million CNY [2][3]. - For Q1 2025, revenue was 306 million CNY with a net profit of 20 million CNY, with expectations for Q2 revenue to grow both year-on-year and quarter-on-quarter, targeting an annual growth rate of around 20% [2][3]. Product Structure - The product structure includes: - Mobile power products: ~30% - Fast charging protocol chips: ~26%-27% - TWS wireless Bluetooth earphone cases: ~10% - Automotive-grade products: ~11%-12% - BMS: ~7%-8% - Wireless charging: ~5%-6% [2][6]. Market Trends and Regulations - The new 3C certification for power banks is expected to drive a significant market refresh, enhancing average selling prices (ASP) and sales volume [5][10][26]. - The market for power banks is projected to see a surge in demand due to the new regulations, with a potential increase in orders and a shift towards higher-priced products [11][26]. Competitive Position - 英集芯 holds a competitive edge in the TWS earphone charging case market and is exploring opportunities in the AI glasses sector, although the market is not yet fully developed [4][12]. - The company has made significant progress in automotive-grade products, with revenue exceeding 100 million CNY and partnerships with major automotive brands [14][15]. Future Outlook - The company is optimistic about performance in the second half of 2025, driven by new product launches and increased production capacity expected to come online by Q3 or Q4 [27][28]. - 英集芯 is not migrating production overseas but is expanding domestic capacity to reduce costs and improve margins [28]. Industry Dynamics - The smartphone industry is undergoing changes, with fast charging technology and power management being critical areas for user experience improvement [25]. - The 3C certification is expected to enhance consumer focus on safety and quality in the power bank market, potentially leading to a shift towards higher-quality products [26]. Investment Considerations - 英集芯 is positioned as a leader in its niche market, with a positive outlook for future growth amid improving semiconductor demand [29]. Investors are encouraged to monitor the company's developments closely.

深圳天德钰科技股份有限公司（以下简称"公司"）是一家专注于移动智能 终端领域芯片研发、设计、销售企业。公司致力于移动智能终端和智能物联两大 领域关键芯片的自主研发，产品涵盖移动智能终端显示驱动芯片、电子标签驱动 芯片、摄像头音圈马达驱动芯片、快充协议芯片等。近期，公司经营情况持续向 好，经初步测算：2025 年 1—5 月，公司实现营业收入 102,210.21 万元，较去 年同期增长约 55.59%；截至 2025 年 5 月末，公司未分配利润余额 90,121.38 万 元，较去年同期增长约 47.34%。 二、 相关风险提示 本公告所载近期财务数据为初步核算数据，未经会计师事务所审计，仅作为 阶段性财务数据供投资者参考，不能以此推算公司全年业绩情况，具体数据以公 司定期报告中披露的数据为准，敬请投资者理性投资，注意风险。 特此公告。 证券代码：688252 证券简称：天德钰 公告编号：2025-028 深圳天德钰科技股份有限公司 关于近期经营情况的公告 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。 一、 近期经营情 ...

Core Viewpoint - The company, Yingjixin (688209), reported strong financial performance in 2024 and Q1 2025, driven by growth in the consumer electronics market and emerging business sectors [2][3]. Financial Performance - In 2024, the company achieved operating revenue of 1.431 billion yuan, a year-on-year increase of 17.66%, and a net profit attributable to shareholders of 124 million yuan, up 323.00% from the previous year [2][3]. - For Q1 2025, the company reported operating revenue of 306 million yuan, a 17.25% increase year-on-year, and a net profit of 19.6391 million yuan, reflecting a 395.62% growth compared to the same period last year [2][3]. Product Development and Market Position - The company has established a leading position in the power management and fast charging protocol markets, with continuous growth in fast charging chip business [4][5]. - Future product development will focus on lithium battery applications, low-power IoT, new energy, automotive electronics, smart audio processing, and smart home solutions [4][5]. R&D Investment - In 2024, the company invested 303 million yuan in R&D, accounting for 21.15% of its operating revenue, while in Q1 2025, R&D investment was 74.0804 million yuan, representing 24.19% of operating revenue [2][3]. Dividend Policy - For the fiscal year 2024, the company plans to distribute a cash dividend of 0.90 yuan per 10 shares (tax included) to all shareholders, without capital reserve conversion or bonus shares [5]. Market Activity - Recent financing data indicates a net inflow of 335 million yuan in margin trading over the past three months, with an increase in financing balance [6].

Group 1 - The company reported a total revenue of 1.429 billion yuan for 2024, representing a year-on-year growth of 17.53% [1] - The net profit reached 124 million yuan, showing a significant increase of 322.73% year-on-year, while the net profit after deducting non-recurring items was 111 million yuan, up 607.94% [1] - The basic earnings per share were 0.29 yuan, indicating strong financial performance [1] Group 2 - The company has been expanding its product categories and optimizing its structure, leading to successful mass production in new product lines such as PMU, automotive, and new energy [1] - Continuous research and technological upgrades, along with improved supply chain management, contributed to an increase in gross profit margin compared to the previous year [1] - The implementation of the 2022 equity incentive plan resulted in a decrease in share-based payment expenses during the reporting period [1] Group 3 - The company is focusing on the PMU sector, driven by the rapid development of AI, 5G communication, and IoT applications, which demand low power consumption and high integration [2] - The PMU products have seen accelerated revenue growth and have become a significant development direction for the company [2] - The company has made breakthroughs in its self-developed "micro sound replay system technology" and is increasing investment in high-performance smart audio amplifier chips [2] Group 4 - The company has successfully entered the automotive electronics market with its "automotive front-mounted charging chip," achieving a shipment volume in the millions [2] - The company is continuously expanding its product categories related to automotive electronics, leveraging its advantages in technology research and quality management [2] Group 5 - According to Frost & Sullivan data, the global power management chip market is expected to grow to 52.6 billion USD by 2025 [3] - The company maintains a leading position in the power management and fast charging protocol sectors while expanding into new fields such as automotive electronics, new energy, PMU, and smart audio [3] - The company has significant growth potential due to its unique position in the mixed-signal SoC analog chip market [3]