11月24日，中科蓝讯跌5.48%，截至发稿，报131.68元/股，成交1.82亿元，换手率3.04%，总市值158.80 亿元。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间7年19天，现任基金资产总规模1227.6亿元，任职期间最佳基金回报 164.23%， 任职期间最差基金回报-16.8%。 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，深圳市中科蓝讯科技股份有限公司位于广东省深圳市南山区沙河街道高发社区侨香路4068号 智慧广场A栋1301-1，成立日期2016年12月19日，上市日期2022年7月15日，公司主营业务涉及无线音 频芯片的研发、设计与销售。主营业务收入构成为：芯片销售收入99.83%，工具及其他0.17%。 从中科蓝讯十大流通股东角度 数据显示，南方基金旗下1只基金位居中科蓝讯十大流通股东。南方中证1000ETF（512100）三季度新 进十大流通股东，持有股数44.03万股，占 ...

Group 1 - Zhongke Lanyun's stock price dropped by 5.15% to 139.10 CNY per share, with a trading volume of 398 million CNY and a turnover rate of 6.21%, resulting in a total market capitalization of 16.775 billion CNY [1] - The company, established on December 19, 2016, and listed on July 15, 2022, specializes in the research, design, and sales of wireless audio chips, with 99.83% of its revenue coming from chip sales [1] Group 2 - Zhonghang Fund has a significant holding in Zhongke Lanyun, with its flagship fund increasing its stake by 272,000 shares to a total of 301,500 shares, representing 10.14% of the fund's net value, making it the largest holding [2] - The fund, Zhonghang Vision Leading Mixed Initiation A (021491), has a current scale of 137 million CNY and has reported a year-to-date return of 11.41%, ranking 5389 out of 8136 in its category [2] Group 3 - The fund manager, Wang Sen, has been in charge for 2 years and 57 days, overseeing assets totaling 2.85 billion CNY, with the best fund return during his tenure being 132.1% and the worst being -0.6% [3]

11月21日，中科蓝讯跌5.15%，截至发稿，报139.10元/股，成交3.98亿元，换手率6.21%，总市值167.75 亿元。 东财景气驱动混合发起式A（019143）基金经理为方一航。 截至发稿，方一航累计任职时间4年77天，现任基金资产总规模1489.17万元，任职期间最佳基金回报 30.45%， 任职期间最差基金回报-47.46%。 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，深圳市中科蓝讯科技股份有限公司位于广东省深圳市南山区沙河街道高发社区侨香路4068号 智慧广场A栋1301-1，成立日期2016年12月19日，上市日期2022年7月15日，公司主营业务涉及无线音 频芯片的研发、设计与销售。主营业务收入构成为：芯片销售收入99.83%，工具及其他0.17%。 从基金十大重仓股角度 数据显示，东财基金旗下1只基金重仓中科蓝讯。东财景气驱动混合发起式A（019143）三季度持有股 数5356股，占基金净值比例为5.9%，位居第 ...

Core Viewpoint - Zhongke Lanyun's stock price has experienced fluctuations, with a recent decline of 2.01% and a year-to-date decrease of 0.46%, while showing a significant increase of 32.88% over the past 60 days [1] Financial Performance - For the period from January to September 2025, Zhongke Lanyun achieved a revenue of 1.302 billion yuan, representing a year-on-year growth of 4.29%, and a net profit attributable to shareholders of 211 million yuan, reflecting a growth of 2.17% [2] - The company has distributed a total of 340 million yuan in dividends since its A-share listing, with 274 million yuan distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, Zhongke Lanyun had 18,900 shareholders, an increase of 44.27% from the previous period, with an average of 2,343 circulating shares per shareholder, a decrease of 30.69% [2] - The largest circulating shareholder is the Harvest SSE STAR Chip ETF, holding 1.0926 million shares, which decreased by 49,700 shares compared to the previous period [3] - Other notable shareholders include Hong Kong Central Clearing Limited and Minsheng Jianyin, with varying changes in their holdings [3] Market Activity - Zhongke Lanyun's stock has been active on the market, appearing on the "Dragon and Tiger List" twice this year, with the most recent instance on September 23, where it recorded a net buy of -38.1397 million yuan [1]

Group 1 - Zhongke Lanyun's stock price decreased by 2.26% on November 7, with a trading volume of 186 million yuan. The margin trading data indicated a net margin buy of -7.15 million yuan for the day, with a total margin balance of 698 million yuan [1] - The company achieved a revenue of 1.302 billion yuan from January to September 2025, representing a year-on-year growth of 4.29%. The net profit attributable to shareholders was 211 million yuan, with a year-on-year increase of 2.17% [2] - As of September 30, 2025, the number of shareholders increased by 44.27% to 18,900, while the average circulating shares per person decreased by 30.69% to 2,343 shares [2] Group 2 - The top ten circulating shareholders include the largest shareholder, Harvest CSI Chip ETF, holding 1.0926 million shares, a decrease of 49,700 shares from the previous period. Hong Kong Central Clearing Limited increased its holdings by 506,800 shares to 1.0652 million shares [3] - The company has distributed a total of 340 million yuan in dividends since its A-share listing, with 274 million yuan distributed over the past three years [2]

Group 1 - Zhongke Lanyun experienced a decline of 5.21% on October 27, with a stock price of 145.03 yuan per share, a trading volume of 543 million yuan, a turnover rate of 8.26%, and a total market capitalization of 17.49 billion yuan [1] - The company, Shenzhen Zhongke Lanyun Technology Co., Ltd., was established on December 19, 2016, and went public on July 15, 2022. Its main business involves the research, design, and sales of wireless audio chips, with chip sales accounting for 99.83% of its revenue [1] Group 2 - Zhonghang Fund has a significant holding in Zhongke Lanyun, with its fund Zhonghang Vision Leading Mixed Initiation A (021491) increasing its stake by 18,200 shares in the second quarter, bringing its total holdings to 29,500 shares, which represents 6.16% of the fund's net value, ranking it as the ninth largest holding [2] - The fund has a current size of 16.47 million yuan and has achieved a year-to-date return of 29.18%, ranking 3127 out of 8226 in its category, with a one-year return of 33.12%, ranking 2349 out of 8099 [2] Group 3 - The fund manager of Zhonghang Vision Leading Mixed Initiation A is Wang Sen, who has been in the position for 2 years and 32 days. The fund's total asset size is 2.85 billion yuan, with the best return during his tenure being 155.59% and the worst being 7.44% [3]

Company Overview - Zhongke Lanyun Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on December 19, 2016. The company went public on July 15, 2022. Its main business involves the research, design, and sales of wireless audio chips, with chip sales accounting for 99.83% of its revenue [1][2]. Stock Performance - As of October 24, Zhongke Lanyun's stock price increased by 2.03%, reaching 153.18 CNY per share, with a trading volume of 344 million CNY and a turnover rate of 5.15%. The total market capitalization is 18.473 billion CNY [1]. - Year-to-date, the stock price has risen by 18.29%, with a 7.62% increase over the last five trading days, 28.93% over the last twenty days, and 52.27% over the last sixty days [1]. Financial Performance - For the first half of 2025, Zhongke Lanyun reported a revenue of 812 million CNY, representing a year-on-year growth of 2.63%. However, the net profit attributable to shareholders decreased by 2.61% to 131 million CNY [2]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 12.56% to 13,100, with an average of 3,381 circulating shares per shareholder, which is an increase of 15.12% [2]. - The company has distributed a total of 340 million CNY in dividends since its A-share listing, with 274 million CNY distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders include Xin'ao New Energy Industry Stock A, which holds 1.4745 million shares, an increase of 272,000 shares from the previous period. Other significant shareholders include Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF and Xin'ao Advanced Intelligent Manufacturing Stock A [4].

Core Insights - The SOC (System on Chip) industry is experiencing significant growth due to its high integration, low power consumption, and enhanced performance, with the market size in China projected to increase from 221 billion yuan in 2020 to 341.2 billion yuan by 2024, representing a compound annual growth rate (CAGR) of 11.5% [1][9]. SOC Chip Industry Overview - SOC chips integrate all components required for an electronic system into a single chip, including CPU, GPU, memory, and power management units, allowing for a complete microcomputer system [3]. - The applications of SOC chips span across various sectors, including consumer electronics, automotive electronics, IoT, and AI [3]. SOC Chip Industry Chain - The SOC chip industry chain consists of three segments: upstream (chip IP cores, EDA software, semiconductor materials), midstream (chip design, wafer manufacturing, packaging), and downstream (applications in consumer electronics, automotive electronics, IoT, and AI) [5]. SOC Chip Industry Competitive Landscape - The global SOC chip market is highly competitive, with major players like Tesla, NVIDIA, and Qualcomm leading in technology and market share. Domestic companies such as Unisoc, Horizon Robotics, and Huawei HiSilicon are also emerging as significant competitors [9]. SOC Chip Industry Development Trends - Continuous technological innovation is expected to enhance SOC chip performance, with increased R&D investments aimed at achieving higher computing power and lower power consumption [11]. - The trend of domestic substitution is strengthening, with local manufacturers gradually replacing foreign companies in the market, particularly in the smart cockpit SOC chip sector [12]. - The industry has substantial growth potential driven by global digital transformation, 5G proliferation, AI applications, and the rise of IoT devices [14].

Group 1 - Zhongke Lanyun's stock price dropped by 5.03% to 146.66 CNY per share, with a trading volume of 442 million CNY and a turnover rate of 6.59%, resulting in a total market capitalization of 17.687 billion CNY [1] - Zhongke Lanyun, established on December 19, 2016, and listed on July 15, 2022, primarily engages in the research, design, and sales of wireless audio chips, with 99.83% of its revenue coming from chip sales [1] Group 2 - Minsheng Jia Yin's fund, Minsheng Jia Yin Continuous Growth Mixed A (007731), entered the top ten circulating shareholders of Zhongke Lanyun, holding 555,600 shares, which accounts for 1.25% of the circulating shares, with an estimated floating loss of approximately 4.3111 million CNY [2] - The fund has a total scale of 1.111 billion CNY, with a year-to-date return of 36.02%, ranking 2320 out of 8162 in its category, and a one-year return of 43.48%, ranking 1771 out of 8015 [2] Group 3 - The fund manager of Minsheng Jia Yin Continuous Growth Mixed A is Zhu Chenzhe, who has been in the position for 3 years and 305 days, managing assets totaling 1.483 billion CNY, with the best fund return during his tenure being 19.17% and the worst being 5.88% [3] Group 4 - Minsheng Jia Yin Continuous Growth Mixed A holds Zhongke Lanyun as its ninth-largest heavy stock, with 555,600 shares representing 4.24% of the fund's net value, and an estimated floating loss of approximately 4.3111 million CNY [4]

Core Viewpoint - Zhongke Lanyun experienced a 5.26% decline in stock price on October 10, with a trading volume of 766 million yuan, indicating potential market volatility and investor sentiment concerns [1] Financing Summary - On October 10, Zhongke Lanyun had a financing purchase amount of 143 million yuan and a repayment of 129 million yuan, resulting in a net financing purchase of approximately 1.47 million yuan [1] - The total financing and securities lending balance reached 720 million yuan, with the financing balance accounting for 10.32% of the circulating market value, indicating a high level of leverage compared to the past year [1] - The securities lending data showed no shares were repaid, with 825 shares sold, amounting to approximately 12,970 yuan, and a remaining securities lending balance of 110,400 yuan, also at a high level [1] Financial Performance - For the first half of 2025, Zhongke Lanyun reported a revenue of 812 million yuan, reflecting a year-on-year growth of 2.63%, while the net profit attributable to shareholders decreased by 2.61% to 131 million yuan [2] - Since its A-share listing, Zhongke Lanyun has distributed a total of 340 million yuan in dividends [2] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 12.56% to 13,100, while the average number of circulating shares per person increased by 15.12% to 3,381 shares [2] - The top ten circulating shareholders include notable increases in holdings from several funds, with the largest shareholder, Xin'ao New Energy Industry Stock A, increasing its stake by 272,000 shares [3]