12月24日，恒玄科技盘中上涨2.01%，截至10:53，报216.80元/股，成交3.11亿元，换手率0.86%，总市 值365.73亿元。 资金流向方面，主力资金净流入2647.51万元，特大单买入5242.61万元，占比16.83%，卖出2146.47万 元，占比6.89%；大单买入8783.99万元，占比28.21%，卖出9232.62万元，占比29.65%。 恒玄科技今年以来股价跌6.44%，近5个交易日跌0.88%，近20日跌2.03%，近60日跌16.93%。 资料显示，恒玄科技(上海)股份有限公司位于上海浦东新区金科路2889号长泰广场B座201室，成立日期 2015年6月8日，上市日期2020年12月16日，公司主营业务涉及智能音频SoC芯片的研发、设计与销售。 主营业务收入构成为：芯片及相关服务收入99.95%，其他(补充)0.05%。 恒玄科技所属申万行业为：电子-半导体-数字芯片设计。所属概念板块包括：智能音箱、智能眼镜、 SOC芯片、智能穿戴、智能家居等。 截至9月30日，恒玄科技股东户数2.06万，较上期增加65.90%；人均流通股8165股，较上期减少 15.46%。2025年1 ...

Group 1 - The core viewpoint of the news is that Hengxuan Technology's stock has seen a significant increase of 5.22%, reaching a price of 240.40 CNY per share, with a trading volume of 1.32 billion CNY and a turnover rate of 3.37%, resulting in a total market capitalization of 40.554 billion CNY [1] - Hengxuan Technology, established on June 8, 2015, and listed on December 16, 2020, specializes in the research, design, and sales of smart audio SoC chips, with 99.95% of its revenue coming from chip-related services [1] Group 2 - From the perspective of fund holdings, Huafu Fund has a significant position in Hengxuan Technology through its Huafu Artificial Intelligence ETF Connect A (008020), which held 2,000 shares, accounting for 0.02% of the fund's net value, making it the largest holding [2] - The Huafu Artificial Intelligence ETF Connect A (008020) has a total scale of 1.168 billion CNY and has achieved a year-to-date return of 62.39%, ranking 187 out of 4,206 in its category [2] - The fund managers, Zhang Ya, Li Xiaohua, and Gao Zhe, have varying tenures and performance records, with Zhang Ya having the longest tenure of 19 years and a best return of 215.97% during her management period [2]

Core Viewpoint - Hengxuan Technology's stock has shown volatility with a recent increase of 2.02%, while the company has experienced a year-to-date decline of 2.57% in stock price, indicating mixed market sentiment [1][2]. Financial Performance - For the period from January to September 2025, Hengxuan Technology reported a revenue of 2.933 billion yuan, representing a year-on-year growth of 18.61% [2]. - The net profit attributable to shareholders for the same period was 502 million yuan, reflecting a significant year-on-year increase of 73.50% [2]. - The company has distributed a total of 315 million yuan in dividends since its A-share listing, with 254 million yuan distributed over the past three years [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Hengxuan Technology reached 20,600, an increase of 65.90% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 15.46% to 8,165 shares [2]. - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable changes in their holdings [2]. Market Activity - On November 27, Hengxuan Technology's stock price was 225.78 yuan per share, with a trading volume of 331 million yuan and a turnover rate of 0.88% [1]. - The stock has seen a recent five-day increase of 11.33%, but a decline of 7.35% over the past 20 days and 23.93% over the last 60 days [1]. Business Overview - Hengxuan Technology, established on June 8, 2015, specializes in the research, design, and sales of smart audio SoC chips [1]. - The company's primary revenue source is from chip and related services, accounting for 99.95% of total revenue, with other income making up the remaining 0.05% [1]. - The company operates within the electronic semiconductor industry, focusing on digital chip design and is associated with concepts such as Google, SoC chips, smart speakers, smart glasses, and wearable technology [1].

Core Viewpoint - Hengxuan Technology's stock has experienced a decline, with a current price of 231.70 CNY per share and a market capitalization of 39.086 billion CNY, reflecting a challenging trading environment [1]. Financial Performance - For the period from January to September 2025, Hengxuan Technology reported a revenue of 2.933 billion CNY, representing a year-on-year growth of 18.61%. The net profit attributable to shareholders was 502 million CNY, showing a significant increase of 73.50% compared to the previous year [2]. - The company has distributed a total of 315 million CNY in dividends since its A-share listing, with 254 million CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Hengxuan Technology reached 20,600, an increase of 65.90% from the previous period. The average number of circulating shares per shareholder decreased by 15.46% to 8,165 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 4.6851 million shares, a decrease of 164,000 shares from the previous period. E Fund's SSE STAR 50 ETF increased its holdings by 771,000 shares to 4.2489 million shares, while Huaxia's SSE STAR 50 ETF decreased its holdings by 125,500 shares to 4.1570 million shares [3]. Stock Performance - Hengxuan Technology's stock price has seen a slight decline of 0.01% year-to-date, with a notable drop of 10.99% over the last five trading days and 22.12% over the last 20 days. However, there was a marginal increase of 0.07% over the last 60 days [1].

Core Viewpoint - Hengxuan Technology is a leading company in the global smart audio SoC chip sector, with significant investment value due to its high technical barriers and comprehensive industry chain coverage [1] Group 1: Business Performance - In Q3 2025, Hengxuan Technology reported revenue of 2.933 billion yuan, ranking 16th among 48 companies in the industry, surpassing the industry average of 2.912 billion yuan and the median of 1.156 billion yuan, but significantly lower than the top two competitors, OmniVision and Jiangbo Long, with revenues of 21.783 billion yuan and 16.734 billion yuan respectively [2] - The net profit for the same period was 502 million yuan, ranking 11th in the industry, above the average of 348 million yuan and the median of 107 million yuan, but still trailing behind the leading companies, which reported net profits of 3.199 billion yuan and 2.841 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Hengxuan Technology's debt-to-asset ratio was 7.59%, down from 8.19% year-on-year and significantly lower than the industry average of 24.46%, indicating strong solvency [3] - The gross profit margin for the same period was 38.51%, an increase from 33.76% year-on-year, and higher than the industry average of 36.52%, reflecting robust profitability [3] Group 3: Executive Compensation - The chairman, Liang Zhang, received a salary of 2.6706 million yuan in 2024, an increase of 214,200 yuan from 2023 [4] - The general manager, Zhao Guoguang, earned 2.0704 million yuan in 2024, up by 490,700 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 65.90% to 20,600, while the average number of circulating A-shares held per shareholder decreased by 15.46% to 8,165.98 [5] Group 5: Future Projections - Guotou Securities forecasts that Hengxuan Technology's revenue will reach 4.657 billion yuan, 5.965 billion yuan, and 7.635 billion yuan in 2025, 2026, and 2027 respectively, with net profits of 803 million yuan, 1.101 billion yuan, and 1.492 billion yuan [6] - Caitong Securities also projects revenues of 4.559 billion yuan, 5.876 billion yuan, and 7.220 billion yuan for the same years, with corresponding net profits of 840 million yuan, 1.181 billion yuan, and 1.472 billion yuan [6]

Core Viewpoint - Hengxuan Technology's stock price has shown fluctuations, with a recent increase of 2.18% and a total market value of 42.005 billion yuan, indicating investor interest despite recent declines in the stock price over the past few weeks [1]. Financial Performance - For the period from January to September 2025, Hengxuan Technology achieved a revenue of 2.933 billion yuan, representing a year-on-year growth of 18.61%. The net profit attributable to shareholders was 502 million yuan, reflecting a significant increase of 73.50% compared to the previous year [2]. - The company has distributed a total of 315 million yuan in dividends since its A-share listing, with 254 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Hengxuan Technology reached 20,600, an increase of 65.90% from the previous period. The average number of circulating shares per shareholder decreased by 15.46% to 8,165 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 4.6851 million shares, a decrease of 164,000 shares from the previous period. Meanwhile, E Fund's SSE STAR 50 ETF increased its holdings by 771,000 shares to 4.2489 million shares [3].

Core Viewpoint - Hengxuan Technology's stock has experienced fluctuations, with a recent decline of 2.01% and a year-to-date increase of 10.83% [1] Financial Performance - For the first half of 2025, Hengxuan Technology reported revenue of 1.938 billion yuan, a year-on-year increase of 26.58%, and a net profit attributable to shareholders of 305 million yuan, reflecting a growth of 106.45% [2] - The company has distributed a total of 315 million yuan in dividends since its A-share listing, with 254 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 22.89% to 12,400, while the average number of tradable shares per shareholder decreased by 18.63% to 9,659 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 4.8491 million shares, a decrease of 953,400 shares from the previous period [3] Market Activity - On October 29, Hengxuan Technology's stock price was 256.82 yuan per share, with a trading volume of 427 million yuan and a turnover rate of 0.97% [1] - The stock has seen a net outflow of 28.54 million yuan in principal funds, with significant buying and selling activity from large orders [1]

Group 1 - Hengxuan Technology's stock increased by 5.01%, reaching 274.80 CNY per share, with a trading volume of 620 million CNY and a turnover rate of 1.35%, resulting in a total market capitalization of 46.357 billion CNY [1] - Hengxuan Technology, established on June 8, 2015, and listed on December 16, 2020, specializes in the research, design, and sales of smart audio SoC chips, with 99.95% of its revenue coming from chip-related services [1] Group 2 - Yongying Fund has one fund heavily invested in Hengxuan Technology, with the Yongying Growth Navigation Mixed A fund reducing its holdings by 91,500 shares in the second quarter, now holding 87,900 shares, which constitutes 4.2% of the fund's net value, ranking as the sixth largest holding [2] - The Yongying Growth Navigation Mixed A fund, established on December 1, 2020, has a current size of 437 million CNY, with a year-to-date return of 48.98%, ranking 807 out of 8154 in its category [2]

Group 1 - Hengxuan Technology's stock price dropped by 5.01% to 272.61 CNY per share, with a trading volume of 1.308 billion CNY and a turnover rate of 2.72%, resulting in a total market capitalization of 45.898 billion CNY [1] - Hengxuan Technology, established on June 8, 2015, and listed on December 16, 2020, specializes in the research, design, and sales of smart audio SoC chips, with 99.95% of its revenue coming from chip-related services [1] Group 2 - Zhongyin Fund holds a significant position in Hengxuan Technology, with its Zhongyin CSI 500 Index Enhanced Fund A (019553) owning 800 shares, accounting for 0.92% of the fund's net value, making it the second-largest holding [2] - The Zhongyin CSI 500 Index Enhanced Fund A has a total scale of 20.475 million CNY and has achieved a year-to-date return of 29.15%, ranking 1828 out of 4220 in its category [2] - The fund manager, Yao Jin, has been in position for 1 year and 308 days, with the fund's total assets amounting to 186 million CNY, and the best return during his tenure being 57.99% [2]

Core Viewpoint - Hengxuan Technology's stock price increased by 5.1% to 312.66 CNY per share, with a trading volume of 1.53 billion CNY and a turnover rate of 3.00%, resulting in a total market capitalization of 52.641 billion CNY [1] Company Overview - Hengxuan Technology (Shanghai) Co., Ltd. is located at 2889 Jinke Road, Longtai Plaza, Pudong New District, Shanghai, and was established on June 8, 2015, with its listing date on December 16, 2020 [1] - The company's main business involves the research, design, and sales of smart audio SoC chips [1] - The revenue composition of the main business is 99.95% from chip and related services, and 0.05% from other supplementary services [1] Fund Holdings - Tianhong Fund has a significant holding in Hengxuan Technology, with the Tianhong CSI 500 Index Enhanced A Fund (001556) holding 111,300 shares, accounting for 1.23% of the fund's net value, making it the fourth-largest holding [2] - The Tianhong CSI 500 Index Enhanced A Fund was established on June 30, 2015, with a latest scale of 2.169 billion CNY [2] - Year-to-date return for the fund is 35.47%, ranking 1531 out of 4221 in its category; the one-year return is 35.94%, ranking 1444 out of 3848; and the return since inception is 58.22% [2] - The fund manager, Yang Chao, has a tenure of 11 years, with a total asset scale of 5.991 billion CNY, achieving a best return of 116.44% and a worst return of -57.89% during his tenure [2]