12月31日，炬芯科技跌1.01%，截至发稿，报53.11元/股，成交6745.17万元，换手率0.72%，总市值 93.03亿元。 长城久恒混合A（200001）成立日期2003年10月31日，最新规模1.09亿。今年以来收益57.65%，同类排 名849/8085；近一年收益51.53%，同类排名985/8085；成立以来收益598.7%。 长城久恒混合A（200001）基金经理为储雯玉。 截至发稿，储雯玉累计任职时间10年238天，现任基金资产总规模1.54亿元，任职期间最佳基金回报 62.58%， 任职期间最差基金回报2.91%。 资料显示，炬芯科技股份有限公司位于广东省珠海市高新区唐家湾镇科技四路1号1#厂房一层C区，成 立日期2014年6月5日，上市日期2021年11月29日，公司主营业务涉及中高端智能音频SoC芯片的研发、 设计及销售。主营业务收入构成为：智能无线音频SoC芯片系列70.82%，端侧AI处理器芯片系列 18.80%，便携式音视频SoC芯片系列10.31%，其他0.06%。 从基金十大重仓股角度 数据显示，长城基金旗下1只基金重仓炬芯科技。长城久恒混合A（200001）三季度增持5 ...

12月24日，炬芯科技涨3.40%，成交额2.62亿元。两融数据显示，当日炬芯科技获融资买入额3100.49万 元，融资偿还4334.94万元，融资净买入-1234.45万元。截至12月24日，炬芯科技融资融券余额合计4.90 亿元。 融资方面，炬芯科技当日融资买入3100.49万元。当前融资余额4.90亿元，占流通市值的5.35%，融资余 额超过近一年70%分位水平，处于较高位。 融券方面，炬芯科技12月24日融券偿还0.00股，融券卖出200.00股，按当日收盘价计算，卖出金额1.04 万元；融券余量1000.00股，融券余额5.22万元，超过近一年90%分位水平，处于高位。 截至9月30日，炬芯科技股东户数2.10万，较上期增加22.56%；人均流通股8357股，较上期减少2.20%。 2025年1月-9月，炬芯科技实现营业收入7.22亿元，同比增长54.74%；归母净利润1.52亿元，同比增长 113.85%。 分红方面，炬芯科技A股上市后累计派现9935.04万元。 机构持仓方面，截止2025年9月30日，炬芯科技十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股380.07万股，为新进 ...

Core Viewpoint - Juchip Technology (688049) reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in revenue and profit, indicating a robust position in the AIoT chip market [1][2]. Financial Performance - The company achieved a revenue of 722 million yuan, representing a year-on-year increase of 54.74% [1] - Net profit reached 152 million yuan, up 113.85% year-on-year [1] - Non-GAAP net profit grew by 205.21% year-on-year [1] - Gross margin and net margin improved to 50.96% and 21% respectively, reflecting enhanced profitability [1] Product and Market Position - Juchip Technology specializes in low-power AIoT chip design, focusing on mid-to-high-end smart audio SoC chips for applications in wireless audio, smart wearables, and AI-based IoT [1] - The company has launched its first-generation in-memory computing technology chip, which is recognized for its industry-leading energy efficiency [2] - The audio market presents significant opportunities for growth due to both existing upgrades and new innovations [2] Client and Product Development - The company has developed AI glasses solutions, with three clients (INMO, Halliday, and Xingyi Intelligent) launching AI glasses products [2] - A new series of chips, ATW609X, aimed at the smart wearable sector, is set to be released, featuring a tri-core architecture and the first-generation in-memory computing technology [2] Strategic Initiatives - Juchip Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange to leverage international capital market advantages for global expansion [2]

Core Viewpoint - Juchip Technology is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy, brand influence, and core competitiveness [1] Group 1: Company Overview - Juchip Technology is a low-power AIoT chip design manufacturer, focusing on the research, design, and sales of mid-to-high-end smart audio SoC chips [4] - The company specializes in providing integrated chip products and solutions for AIoT fields such as wireless audio, smart wearables, and smart interaction [4] Group 2: Financial Performance - For the first three quarters of 2025, Juchip Technology achieved revenue of 722.14 million yuan, a year-on-year increase of 54.74% [4] - The net profit attributable to shareholders was 152 million yuan, reflecting a year-on-year growth of 113.85% [4] - Key financial metrics for the reporting period include: - Operating revenue: 273 million yuan, up 46.64% year-on-year - Total profit: 60.27 million yuan, up 101.09% year-on-year - Net profit attributable to shareholders: 60.27 million yuan, up 101.09% year-on-year - Basic earnings per share: 0.35 yuan, up 105.88% year-on-year [5] Group 3: Market Performance - As of the latest trading session, Juchip Technology's A-shares closed at 52.05 yuan, down 1.79%, with a total market capitalization of approximately 9.12 billion yuan [6] - The stock has seen a 52-week high of 68.21 yuan and a low of 26.76 yuan, indicating significant volatility in its market performance [6]

Core Viewpoint - Juchip Technology (688049.SH) is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy, brand influence, and core competitiveness [1][2] Company Overview - Juchip Technology, established in 2014 and headquartered in Zhuhai, is a leading low-power AIoT chip design manufacturer in China, focusing on the research, design, and sales of mid-to-high-end smart audio SoC chips [2] - The company has subsidiaries in Shenzhen, Hefei, and Hong Kong, and branch offices in Shanghai and Chengdu [2] - Its main products include smart wireless audio SoC chips, edge AI processors, and portable audio-video SoC chips, widely used in Bluetooth speakers, wireless home theaters, smartwatches, and other AIoT applications [2] - As of November 17, 2025, the total market capitalization of Juchip Technology is approximately 3.158 billion RMB [2]

Core Insights - On November 10, Juchip Technology's stock rose by 2.95% with a trading volume of 360 million yuan [1] - As of November 10, the total margin balance for Juchip Technology was 550 million yuan, accounting for 5.77% of its market capitalization [1] - For the period from January to September 2025, Juchip Technology reported a revenue of 722 million yuan, representing a year-on-year growth of 54.74% [2] Financing and Margin Trading - On November 10, Juchip Technology had a financing buy-in amount of 36.27 million yuan, with a net financing outflow of 6.46 million yuan [1] - The current financing balance of 550 million yuan is above the 90th percentile level for the past year, indicating a high level of margin trading activity [1] - No shares were sold or repaid in the securities lending market on November 10, with a total of 0 shares in the lending balance [1] Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders for Juchip Technology increased by 22.56% to 21,000 [2] - The top circulating shareholder, Hong Kong Central Clearing Limited, holds 3.80 million shares as a new shareholder [3] - The third-largest circulating shareholder, Taixin Small and Medium Cap Selected Mixed Fund, reduced its holdings by 600,000 shares [3] Financial Performance - Juchip Technology achieved a net profit of 152 million yuan for the same period, reflecting a year-on-year increase of 113.85% [2] - Cumulative cash dividends since the company's A-share listing amount to 99.35 million yuan [3] - The main revenue sources for Juchip Technology include smart wireless audio SoC chips (70.82%), edge AI processor chips (18.80%), and portable audio-video SoC chips (10.31%) [1]

Core Viewpoint - Juchip Technology's stock rose by 1.79% on November 6, with a trading volume of 282 million yuan, indicating strong market interest and activity [1] Financing Summary - On November 6, Juchip Technology had a financing buy-in amount of 32.49 million yuan and a financing repayment of 41.42 million yuan, resulting in a net financing outflow of 8.93 million yuan [1] - The total financing and securities lending balance reached 556 million yuan, accounting for 5.83% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1] - No shares were sold or repaid in the securities lending segment on November 6, with a total securities lending balance of 0, also reflecting a high percentile level over the past year [1] Business Performance - As of September 30, Juchip Technology reported a total of 21,000 shareholders, an increase of 22.56% from the previous period, while the average circulating shares per person decreased by 2.20% to 8,357 shares [2] - For the period from January to September 2025, Juchip Technology achieved a revenue of 722 million yuan, representing a year-on-year growth of 54.74%, and a net profit attributable to shareholders of 152 million yuan, which is a 113.85% increase year-on-year [2] Dividend and Shareholding Structure - Since its A-share listing, Juchip Technology has distributed a total of 99.35 million yuan in dividends [3] - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 3.80 million shares as a new shareholder, while other significant shareholders have seen reductions in their holdings [3]

Core Insights - Juchip Technology reported a significant increase in revenue and profit for the first three quarters of 2025, with total revenue reaching 722 million yuan, a year-on-year growth of 54.74%, and a net profit of 152 million yuan, up 113.85% [1] - The company's gross margin improved to 50.96%, an increase of 3.83 percentage points year-on-year, while the net margin rose to 21.00%, up 5.80 percentage points from the previous year [2] Financial Performance - For the first three quarters of 2025, Juchip Technology's basic earnings per share were 0.87 yuan, with a weighted average return on equity of 7.84% [2] - The company’s gross margin for Q3 2025 was 51.44%, showing a year-on-year increase of 3.28 percentage points and a quarter-on-quarter increase of 0.13 percentage points [2] - The net margin for Q3 2025 was 22.08%, which is up 5.98 percentage points year-on-year and up 2.66 percentage points from the previous quarter [2] Expense Analysis - During the reporting period, total operating expenses were 225 million yuan, an increase of 49.43 million yuan year-on-year, with an expense ratio of 31.21%, down 6.49 percentage points from the previous year [2] - Breakdown of expenses showed sales expenses increased by 35.74%, management expenses by 18.05%, R&D expenses by 21.18%, and financial expenses by 22.22% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 21,000, an increase of 3,858 from the end of the previous half-year, representing a growth of 22.56% [2] - The average market value per shareholder increased from 517,000 yuan at the end of the previous half-year to 519,900 yuan, a growth of 0.57% [2] Company Overview - Juchip Technology, established on June 5, 2014, and listed on November 29, 2021, specializes in the research, design, and sales of mid-to-high-end smart audio SoC chips [3] - The company's revenue composition includes 70.82% from smart wireless audio SoC chips, 18.80% from edge AI processor chips, and 10.31% from portable audio and video SoC chips [3] - Juchip Technology is classified under the electronic-semiconductor-digital chip design industry and is associated with concepts such as semiconductors, smart wearables, and wireless headphones [3]

Core Insights - On October 9, Juchip Technology's stock rose by 0.80%, with a trading volume of 775 million yuan [1] - The company reported a net financing purchase of 41.03 million yuan on the same day, with a total financing balance of 539 million yuan, representing 4.91% of its market capitalization [1] Financing Overview - On October 9, Juchip Technology had a financing buy-in of 119 million yuan, with a repayment of 77.79 million yuan, resulting in a net buy-in of 41.03 million yuan [1] - The current financing balance of 539 million yuan is above the 90th percentile of the past year, indicating a high level of financing activity [1] Short Selling Overview - On October 9, there were no short sales or repayments, with a short selling balance of 0 shares, also indicating a high level of inactivity in this area [1] Company Profile - Juchip Technology, established on June 5, 2014, and listed on November 29, 2021, is located in Zhuhai, Guangdong Province [1] - The company specializes in the research, design, and sales of mid-to-high-end smart audio SoC chips, with revenue contributions from various product lines: 70.82% from smart wireless audio SoC chips, 18.80% from edge AI processor chips, and 10.31% from portable audio and video SoC chips [1] Financial Performance - For the first half of 2025, Juchip Technology reported a revenue of 449 million yuan, a year-on-year increase of 60.12%, and a net profit of 91.38 million yuan, up 123.19% year-on-year [2] - The company has distributed a total of 81.92 million yuan in dividends since its A-share listing [2] Shareholder Structure - As of June 30, 2025, Juchip Technology had 17,100 shareholders, an increase of 10.20% from the previous period, with an average of 8,544 circulating shares per shareholder, up 18.12% [2] - The top ten circulating shareholders include notable funds, with significant reductions in holdings for several of them [2]

Core Insights - On September 25, Juchip Technology's stock rose by 1.10%, with a trading volume of 730 million yuan [1] - The company reported a net financing purchase of 32.31 million yuan on the same day, with a total financing balance of 530 million yuan, representing 4.84% of its market capitalization [1] - Juchip Technology specializes in the research, design, and sales of mid-to-high-end smart audio SoC chips, with a revenue composition of 70.82% from smart wireless audio SoC chips [1] Financing and Shareholder Information - As of June 30, Juchip Technology had 17,100 shareholders, an increase of 10.20% from the previous period, with an average of 8,544 circulating shares per shareholder, up by 18.12% [2] - For the first half of 2025, the company achieved a revenue of 449 million yuan, a year-on-year increase of 60.12%, and a net profit of 91.38 million yuan, up by 123.19% [2] - The company has distributed a total of 81.92 million yuan in dividends since its A-share listing [2] Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Taixin Small and Medium Cap Selected Mixed Fund, holding 3 million shares, a decrease of 580,000 shares from the previous period [2] - The third-largest shareholder is Fortune New Industry Stock A/B, holding 2.74 million shares, down by 137,200 shares [2] - The fourth-largest shareholder is Xin'ao New Energy Industry Stock A, with 2.31 million shares, a decrease of 188,600 shares [2]