Core Viewpoint - Anhui Juxin Semiconductor Technology Co., Ltd. (Juxin Technology) has received approval for its IPO on the Beijing Stock Exchange, aiming to raise 295 million yuan for production line construction, R&D center development, and working capital [2]. Financial Performance - Projected revenues for Juxin Technology from 2022 to 2024 are 351 million yuan, 558 million yuan, and 564 million yuan respectively, with net profits of approximately 27.44 million yuan, 66.59 million yuan, and 54.57 million yuan [2]. - Gross profit margins are expected to be 19.29%, 21.61%, and 16.7% for the same years [2]. Company Overview - Juxin Technology specializes in the research, development, packaging, testing, production, and sales of semiconductor power devices and chips, focusing primarily on photovoltaic component protection power devices [2]. - The product line includes rectifiers, fast recovery diodes, Schottky diodes, and transient voltage suppressors (TVS), among others [2]. Shareholder Structure - The controlling shareholder, Cao Sungeng, holds 59.49% of the shares directly and controls an additional 8.38% through a partnership, totaling 67.87% of voting rights [4][6]. - The underwriter, Guotai Junan Securities, has a direct stake of 3.36% in Juxin Technology [5]. Assets and Liabilities - Total assets are projected to reach approximately 850.26 million yuan by December 31, 2024, up from 612.86 million yuan in 2023 and 522.70 million yuan in 2022 [3]. - The company's equity is expected to increase to about 436.80 million yuan by the end of 2024, compared to 379.36 million yuan in 2023 and 309.90 million yuan in 2022 [3].

Core Viewpoint - Anhui Juxin Semiconductor Technology Co., Ltd. officially listed on the Beijing Stock Exchange as a "hidden champion" in photovoltaic power devices, aiming to raise 295 million yuan through the issuance of up to 30 million shares [1] Group 1: Company Overview - The company specializes in the research, development, packaging, testing, production, and sales of semiconductor power devices and chips, focusing primarily on photovoltaic component protection power devices [2] - The product line includes rectifiers, fast recovery, ultra-fast recovery, Schottky diodes, transient voltage suppressors (TVS), rectifier bridge stacks, and MOSFETs [2] Group 2: Financial and Shareholder Information - As of the signing date of the prospectus, the controlling shareholder, Cao Sungeng, directly holds 53.54 million shares, accounting for 59.49% of the total shares, and indirectly controls 8.38% of the voting rights through Juxin Partnership, totaling 67.87% of the voting rights [2] - The company has 15 institutional shareholders, with one having completed the private investment fund filing process [2] Group 3: Historical Milestones - On July 29, 2023, the shareholders' meeting approved the overall change to a joint-stock company [4] - On August 25, 2023, the company completed the business registration and changed its name to Anhui Juxin Semiconductor Technology Co., Ltd. [5] - The company signed a listing guidance agreement with Haitong Securities on November 17, 2023, originally planning to list on the Shenzhen Stock Exchange's Growth Enterprise Market [6] - Throughout 2024, the company underwent multiple rounds of capital increases, raising its registered capital to 83.49 million yuan [7] - On January 2, 2025, the company was listed on the New Third Board with the stock code 874103 [8] - On June 24, 2025, the company passed the listing guidance acceptance by the Anhui Securities Regulatory Bureau and submitted listing application materials to the Beijing Stock Exchange [10]

行情速递 ① 主板领涨， 楚天龙(+10.03%)/鸿合科技(+10.00%)/电魂网络(+9.99%)/南天信息(+9.99%)/ 元隆雅图(+9.98%)/ ②创业板领涨， 澄天伟业(+17.02%)/雄帝科技(+14.77%)/星辉娱乐(+13.43%)/ ③科创板领涨，三孚新科 (+11.84%)/成都华微(+5.37%)/清越科技 (+5.18%)/ ④活跃子行业，SW游戏Ⅲ(+2.83%)/SW营销代理(+1.91%)/ 国内新闻 ④ 鹏鼎控股，发布2024年年度利润分配实施公告/向全体股东每10股派发现 金红利10.00元（含税）/共计派发现金股利人民币2,318,051,016元/ 海外新闻 ① 半导体投资联盟，Counterpoint Research报告显示/受关税影响及 整体行业放缓的影响/全球智能手机制造产量预计将在2025年同比下滑 1%/而2024年则增长了4%/2024年中国/印度和越南占据了全球制造业 产量的90%以上/其中印度的增长速度领先/ ② 半导纵横，Mercury Research报告指出/2025年第一季度/AMD服务器 芯片的出货量份额增至27.2%/而其收入份额 ...

行情速递 ① 主板领涨， 楚天龙(+10.03%)/鸿合科技(+10.00%)/电魂网络(+9.99%)/南天信息(+9.99%)/ 元隆雅图(+9.98%)/ ②创业板领涨， 澄天伟业(+17.02%)/雄帝科技(+14.77%)/星辉娱乐(+13.43%)/ ③科创板领涨，三孚新科 (+11.84%)/成都华微(+5.37%)/清越科技 (+5.18%)/ ④活跃子行业，SW游戏Ⅲ(+2.83%)/SW营销代理(+1.91%)/ 国内新闻 ①电子工程专辑，格力董事会秘书章周虎在业绩说明会上宣布/格力已成功构 建碳化硅肖特基二极管（SiC SBD）和金属氧化物半导体场效应晶体管 （MOS）芯片的工艺平台/部分自研芯片在家用空调产品中实现规模化应用/ 整体自研应用占比达30%/ ②集微网，智联安完成数亿元D+轮融资/资金将主要用于公司多款卫星通信 芯片与蜂窝通信芯片的研发加速与市场拓展公司/致力于研发最优秀的广域蜂 窝物联网通信芯片/拥有在通信算法/物理层/协议栈/射频等方面数十项发明 专利/ ③芯师爷，据不完全统计/中国一汽/东风汽车/广汽集团/赛力斯集团/长安汽 车（含旗下品牌）/比亚迪/奇瑞集团/小米汽 ...

公 司 研 究 捷捷微电（300623.SZ）：产销两旺， 高端制造打造新增长点 产销两旺，公司 2024 年营收同比增长 35.05%，归母净利润同比增长 115.87%， 业绩增长强劲。报告期内，公司实现营业收入 28.45 亿元，同比增长 35.05%， 归母净利润 4.73 亿元，同比增长 115.87%，营业利润 6.1 亿元，同比增长 194.50%。两大核心产品产销两旺，功率半导体芯片生产量和销售量分别同比 增长 43.93%和 63.10%，营业收入同比增长 44.59%，毛利率为 23.47%，同 比增长 2.86pct，主要得益于捷捷微电(南通)科技有限公司生产设备在功率半导 体领域属于国内领先水平，随着产能不断提升，销售快速增长。功率半导体器 件生产量和销售量分别同比增加 31.52%和 32.25%，毛利率达 41.46%，同比 增长 2.53pct。主要得益于下游市场应用领域需求的逐步回暖、产品结构升级 和客户需求增长等因素，产能利用率保持较高的水平。 6 英寸项目推动产品结构优化升级，现已实现 50000 片/月产出。公司"功率 半导体 6 英寸晶圆及器件封测生产线"项目由公司全资 ...

2025-2031全球及中国车规级碳化硅肖特基二极管行业发展动态及投资风险展望报告报告 【全新修订】：2025年5月 【出版机构】：中智信投研究网 【内容部分有删减·详细可参中智信投研究网出版完整信息！】 【免费售后 服务一年，具体内容及订购流程欢迎咨询客服人员 】 报告目录 1 车规级碳化硅肖特基二极管市场概述 1.1 车规级碳化硅肖特基二极管行业概述及统计范围 1.2 按照不同产品类型，车规级碳化硅肖特基二极管主要可以分为如下几个类别 1.2.1 全球不同产品类型车规级碳化硅肖特基二极管规模增长趋势2020 VS 2024 VS 2031 1.2.2 电压：650伏 1.2.3 电压：1200伏 1.2.4 其他 1.3 从不同应用，车规级碳化硅肖特基二极管主要包括如下几个方面 1.3.1 全球不同应用车规级碳化硅肖特基二极管规模增长趋势2020 VS 2024 VS 2031 1.3.2 纯电汽车充电 1.3.3 混动汽车充电 1.4 行业发展现状分析 1.4.1 车规级碳化硅肖特基二极管行业发展总体概况 1.4.2 车规级碳化硅肖特基二极管行业发展主要特点 1.4.3 车规级碳化硅肖特基二极管行业发展 ...

Core Viewpoint - Huayi Electronics is making substantial progress in risk mitigation and has reported significant growth in revenue and profit for 2024 and Q1 2025, driven by strong performance in the power semiconductor sector and strategic measures to address previous financial irregularities [1][4][12]. Financial Performance - In 2024, Huayi Electronics achieved a revenue of 2.058 billion yuan, representing an 18.13% year-on-year increase, with a net profit of 128 million yuan, up 246.45% [1][12]. - For Q1 2025, the company reported a revenue of 643 million yuan, a 29.56% increase year-on-year, and a net profit of 54.91 million yuan, reflecting a 253.08% growth [1][12]. Risk Management - The company has implemented measures to mitigate risks associated with previous financial irregularities, including the management of cash dividends and the pledging of shares by the controlling shareholder as collateral for debt repayment [4][5][8]. - A new management team has been appointed, and internal controls are being restructured to prevent future violations [4][8]. Industry Position - Huayi Electronics, with nearly 60 years of history, is positioned as a leading player in the power semiconductor industry, focusing on IGBT modules and third-generation semiconductors, particularly in the new energy vehicle and clean energy sectors [3][12]. - The company has developed a comprehensive IDM ecosystem covering design, manufacturing, and testing, and has established partnerships with major clients like Tesla and BYD [12]. Market Trends - The demand for power semiconductors is expected to grow significantly, driven by the automotive, industrial, and consumer electronics sectors, with a notable increase in electric vehicle sales and the adoption of new technologies [13][14]. - The domestic market for power semiconductors is projected to reach 175.255 billion yuan in 2024, supported by rising domestic production rates and the transition to renewable energy [14][15]. Future Outlook - Huayi Electronics is expanding its production capacity with ongoing projects expected to be completed by 2026, which will enhance its growth potential in the power semiconductor market [15]. - The company is transitioning from a "follower" in domestic substitution to a "standard setter" in technology, positioning itself for a new era of growth driven by the dual forces of the new energy revolution and domestic substitution [15].

| | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 √其他：电话会议 | | 参与单位名称 | 前海开源基金、中欧基金、康禧资本、温氏基金、东吴基金、瑞泉基金、长城财富保 险、国泰君安资管、光大永明资管、承珞（上海）投资、上海赢动基金、上海标朴资 | | | 管、平安银行、国信证券、财通证券、华创证券、国投证券、华安证券、长江证券、 | | | 中信证券、东方证券、招商证券、天风证券 | | 时间 | 2025 年 4 月 28 日 | | 地点 | 线上会议 | | 上市公司接待 | 董事会秘书：陈国兵 | | 人员姓名 | 证券事务代表：杨佳睿 | | | 首先介绍了民德电子 2024 年和 2025 年一季度主要财务数据情况，随后介绍了公司 | | | 目前主要业务的发展情况，最后对投资者关心的问题进行了解答。 | | | 一、公司财务情况介绍 | | | （一）2024 年财务情况 | | | 1、公司 2024 年实现营收 4.09 亿元，较 2023 年增加 99 ...