如果您希望可以时常见面，欢迎标星收藏哦~ 来 源 ：内容来自上海证券报 。 8月30日，星宸科技发布2025年半年度报告。2025年上半年，公司实现营业收入约14亿元，同比 增长约18.6%；其中第二季度实现营业收入约7.4亿元，同比增长约12.4%、环比增长约10.9%，创 公司半年度及单季度营收历史新高。 同日，星宸科技发布公告称，以约2.1亿元现金收购上海富芮坤微电子有限公司（以下简称"富芮 坤"或"标的公司"）53.3087%股权。本次收购完成后，富芮坤将成为公司控股子公司，并纳入公司 合并报表范围。本次收购将实现公司已有关键自研技术与富芮坤蓝牙技术的高度协同，标志着公司 在端侧AI SoC芯片设计领域的战略布局又迈出重要一步。 公告显示，本次交易对手方共15家，标的公司的全部股权投资价值约4.1亿元。根据估值结果并经 交易各方友好协商，本次收购交易对价约2.1亿元。根据公告，2025年上半年，富芮坤实现营业收 入约5875万元。按照业绩承诺，富芮坤在2026-2028三年需实现累计净利润不低于1亿元。 公开信息显示，富芮坤成立于2014年，是一家专注蓝牙芯片设计、研发与销售的高新技术企业， 并于20 ...

[Table_Info1] 星宸科技(301536) 电子 [Table_Title] 证券研究报告 / 公司点评报告 事件： [Table_Summary] 2025 年上半年公司实现营业收入 14.03 亿元，同比增长 18.63%；归母 净利润 1.20 亿元，同比下降 7.47%。其中二季度实现营业收入 7.38 亿 元，同比增长 12.42%，环比增长 10.85%；归母净利润 0.69 亿元，同比 下降 12.62%，环比增长 34.34%。 点评 多业务齐头并进，高端市场份额持续提升。智能车载与智能物联业务 成为公司重要增长引擎。1）智能车载业务方面，得益于公司加大对头 部 Tier1 及车厂的导入力度，在前装市场的出货量及收入实现了翻倍增 长。公司在车载前装市场已形成多场景覆盖的成熟方案矩阵，目前已形 成覆盖记录仪、舱内外视觉感知、L0~L2 ADAS 的完整产品矩阵，在数 十家车厂实现量产或定点，成功切入价值量更高的前装领域。2）智能 物联业务方面，增长核心来自智能机器人领域，公司已成功导入全球前 五大扫地机器人品牌中的多家，一季度该领域出货量已超 2024 年全 年，同时正积极向庭院机器人 ...

Key Points - The article highlights recent trends in investment across various sectors, including new consumption, hard technology, and healthcare [2][3] - Significant funding rounds were reported, indicating a vibrant investment landscape [3] New Consumption - Suzhou Shidu Intelligent Technology Co., Ltd. completed seed round financing of several million yuan [5] - Shenzhen Xingcan Intelligent Robot Co., Ltd. secured angel round financing in the tens of millions of yuan [7] - Shenzhen Kangdu Wine Group completed A round financing of several million yuan [8] - Photon Leap completed angel round financing of several hundred million yuan [9] Hard Technology - Hefei Junlian Electronics completed nearly 100 million yuan in A round financing [14] - Anhui Xin Yi Hua Intelligent Machinery Co., Ltd. completed over 300 million yuan in B+ round financing [11] - Beijing Haibo Unmanned Ship Technology Co., Ltd. announced A round financing, marking its third round of financing in two years [12] - Hangzhou Xingchuan New Materials Technology Co., Ltd. completed B round financing of several hundred million yuan [13] Healthcare - Shanghai Sipurei Pharmaceutical Technology Co., Ltd. completed over 200 million yuan in angel round financing [33] - Tianchen Biopharmaceutical (Suzhou) Co., Ltd. announced over 200 million yuan in C round financing [29] - Hefei Guoyan Hanin Detection Technology Co., Ltd. completed A round financing of several million yuan [30] - Shanghai Qiyu Biotechnology Co., Ltd. completed C1 round financing of 100 million yuan [35]

Group 1 - The three major stock indices continued to rise, with the 500 Quality Growth Index showing a significant upward trend, gaining 1.07% as of 13:30 on May 29 [1] - In the electronic sector, nearly 100 listed companies have received broker research in May, making it the most researched sector, despite a recent market pullback [1] - Specific stocks such as Crystal Optoelectronics, Jingchen Co., and Kaiying Network saw gains of 2.39%, 2.30%, and 1.83% respectively, indicating positive investor sentiment [1] Group 2 - Tianfeng Securities forecasts that AI SoC chip companies will benefit from increased penetration of AI hardware, with optimistic growth outlooks following the release of AI glasses in June and July [2] - The ASIC sector is expected to show gradual revenue growth, supported by the entry of DeepSeek, while the CIS market is driven by rising demand from smart vehicles [2] - The storage sector anticipates an increase in contract prices for memory products in Q2, contributing to a sequential performance boost for companies [2]

Group 1 - A-shares experienced a broad pullback on May 15, with technology sectors such as computers, communications, and media leading the declines, while the popular semiconductor ETF (588170) fell over 1% [1] - Tianfeng Securities projects a continued optimistic growth trajectory for the global semiconductor market through 2025, with a notable recovery in certain end-user demands [1] - The report highlights the ongoing risks related to supply chain disruptions and the push for domestic substitution, suggesting a focus on design sectors like SoC, analog, and storage for Q2 performance [1] Group 2 - The semiconductor ETF (588170) tracks the Shanghai Stock Exchange's semiconductor materials and equipment theme index, encompassing hard-tech companies in the semiconductor equipment and materials sectors [2] - The semiconductor equipment and materials industry is identified as a crucial area for domestic substitution, characterized by low domestic production rates and high potential for domestic replacement, benefiting from the expansion of semiconductor demand driven by the AI revolution [2]